WINSTON OPTIQUE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
WINSTON OPTIQUE
Largest movements
- Receivables within one year -€96,545
down €96,545 (-77.6%), from €124,479 to €27,934
of which Trade receivables: -€76,249
- Cash +€76,769
up €76,769 (+106%), from €72,551 to €149,319
mainly Receivables within one year (+€96,545) and Net result for the year (+€88,591)
- Tangible fixed assets +€7,455
up €7,455 (+31.1%), from €23,950 to €31,405
of which Plant, machinery and equipment: +€11,491
- Stocks and contracts +€6,853
up €6,853 (+2.6%), from €266,603 to €273,456
- Reserves +€88,591
up €88,591 (+82.3%), from €107,683 to €196,275
of which Distributable reserves: +€88,591
- Other debts -€39,254
down €39,254 (-85.0%), from €46,195 to €6,941
- Debts after one year -€33,803
down €33,803 (-29.0%), from €116,616 to €82,813
- Trade debts -€18,775
down €18,775 (-19.0%), from €98,600 to €79,825
- Gross operating margin +€160,457
up €160,457 (+95.9%), from €167,261 to €327,717
- Taxes +€37,946
up €37,946 (+9,041%), from €420 to €38,365
- Staff costs +€17,491
up €17,491 (+12.7%), from €137,627 to €155,119
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €504,933 | €497,236 | -€7,697 | -1.5% |
| Fixed assets | 21/28 | €32,087 | €37,850 | +€5,763 | +18.0% |
| Intangible fixed assets | 21 | €3,697 | €2,005 | -€1,692 | -45.8% |
| Tangible fixed assets | 22/27 | €23,950 | €31,405 | +€7,455 | +31.1% |
| Plant, machinery and equipment | 23 | €11,163 | €22,654 | +€11,491 | +103% |
| Furniture and vehicles | 24 | €5,645 | €3,511 | -€2,135 | -37.8% |
| Other tangible fixed assets | 26 | €7,141 | €5,240 | -€1,901 | -26.6% |
| Financial fixed assets | 28 | €4,440 | €4,440 | = | 0.0% |
| Current assets | 29/58 | €472,846 | €459,386 | -€13,460 | -2.8% |
| Stocks and contracts in progress | 3 | €266,603 | €273,456 | +€6,853 | +2.6% |
| Stocks | 30/36 | €266,603 | €273,456 | +€6,853 | +2.6% |
| Amounts receivable within one year | 40/41 | €124,479 | €27,934 | -€96,545 | -77.6% |
| Trade receivables | 40 | €94,899 | €18,650 | -€76,249 | -80.3% |
| Other amounts receivable | 41 | €29,580 | €9,284 | -€20,296 | -68.6% |
| Cash at bank and in hand | 54/58 | €72,551 | €149,319 | +€76,769 | +106% |
| Deferred charges and accrued income | 490/1 | €9,213 | €8,677 | -€536 | -5.8% |
| Total equity and liabilities | 10/49 | €504,933 | €497,236 | -€7,697 | -1.5% |
| Equity | 10/15 | €139,270 | €227,015 | +€87,745 | +63.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,683 | €196,275 | +€88,591 | +82.3% |
| Non-distributable reserves | 130/1 | €768 | €768 | = | 0.0% |
| Reserves not available under the articles | 1311 | €768 | €768 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,900 | €21,900 | = | 0.0% |
| Distributable reserves | 133 | €85,015 | €173,606 | +€88,591 | +104% |
| Profit (loss) carried forward | 14 | €11,295 | €11,295 | = | 0.0% |
| Investment grants | 15 | €1,692 | €846 | -€846 | -50.0% |
| Amounts payable | 17/49 | €365,663 | €270,220 | -€95,442 | -26.1% |
| Amounts payable after more than one year | 17 | €116,616 | €82,813 | -€33,803 | -29.0% |
| Financial debts | 170/4 | €116,616 | €82,813 | -€33,803 | -29.0% |
| Amounts payable within one year | 42/48 | €244,679 | €183,040 | -€61,640 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €59,281 | €55,781 | -€3,500 | -5.9% |
| Trade debts | 44 | €98,600 | €79,825 | -€18,775 | -19.0% |
| Suppliers | 440/4 | €98,600 | €79,825 | -€18,775 | -19.0% |
| Advances received on contracts in progress | 46 | €1,600 | - | -€1,600 | |
| Taxes, remuneration and social security | 45 | €39,003 | €40,492 | +€1,489 | +3.8% |
| Taxes | 450/3 | €26,177 | €23,365 | -€2,812 | -10.7% |
| Remuneration and social security | 454/9 | €12,826 | €17,127 | +€4,301 | +33.5% |
| Other amounts payable | 47/48 | €46,195 | €6,941 | -€39,254 | -85.0% |
| Accrued charges and deferred income | 492/3 | €4,368 | €4,368 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €137,627 | €155,119 | +€17,491 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,118 | €12,985 | +€867 | +7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,416 | €14,739 | +€323 | +2.2% |
| Other operating charges | 640/8 | €1,309 | €1,764 | +€454 | +34.7% |
| Gross operating margin | 9900 | €167,261 | €327,717 | +€160,457 | +95.9% |
| Operating profit (loss) | 9901 | €1,790 | €143,111 | +€141,321 | +7,894% |
| Financial income | 75/76B | €2,131 | €3,344 | +€1,213 | +56.9% |
| Recurring financial income | 75 | €2,131 | €3,344 | +€1,213 | +56.9% |
| Financial charges | 65/66B | €17,787 | €19,498 | +€1,711 | +9.6% |
| Recurring financial charges | 65 | €17,787 | €19,498 | +€1,711 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,866 | €126,957 | +€140,822 | |
| Income taxes | 67/77 | €420 | €38,365 | +€37,946 | +9,041% |
| Profit (loss) for the period | 9904 | -€14,286 | €88,591 | +€102,877 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,286 | €88,591 | +€102,877 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.