WINTERFELDT: 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.
WINTERFELDT
Largest movements
- Tangible fixed assets -€79,808
down €79,808 (-6.7%), from €1.2m to €1.1m
of which Land and buildings: -€725,638
- Current investments +€38,218
up €38,218 (+3.9%), from €981,950 to €1.0m
- Trade debts -€89,568
down €89,568 (-31.1%), from €288,423 to €198,855
- Gross operating margin +€38,633
up €38,633 (+53.8%), from €71,791 to €110,424
- Financial charges -€31,448
down €31,448, from €899 to -€30,549
- Depreciation -€5,476
down €5,476 (-5.4%), from €101,690 to €96,214
- Taxes +€1,961
up €1,961 (+1,125%), from €174 to €2,135
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 | €3,602,883 | €3,566,241 | -€36,642 | -1.0% |
| Fixed assets | 21/28 | €1,193,193 | €1,113,386 | -€79,808 | -6.7% |
| Tangible fixed assets | 22/27 | €1,193,193 | €1,113,386 | -€79,808 | -6.7% |
| Land and buildings | 22 | €928,425 | €202,787 | -€725,638 | -78.2% |
| Furniture and vehicles | 24 | €2,759 | €962 | -€1,798 | -65.1% |
| Other tangible fixed assets | 26 | €262,009 | €909,636 | +€647,627 | +247% |
| Current assets | 29/58 | €2,409,690 | €2,452,855 | +€43,166 | +1.8% |
| Amounts receivable within one year | 40/41 | €1,008,961 | €1,026,176 | +€17,215 | +1.7% |
| Trade receivables | 40 | €498,158 | €191,446 | -€306,712 | -61.6% |
| Other amounts receivable | 41 | €510,803 | €834,730 | +€323,926 | +63.4% |
| Current investments | 50/53 | €981,950 | €1,020,167 | +€38,218 | +3.9% |
| Cash at bank and in hand | 54/58 | €418,778 | €406,512 | -€12,266 | -2.9% |
| Total equity and liabilities | 10/49 | €3,602,883 | €3,566,241 | -€36,642 | -1.0% |
| Equity | 10/15 | €3,168,079 | €3,215,644 | +€47,564 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,189,472 | €3,209,444 | +€19,972 | +0.6% |
| Non-distributable reserves | 130/1 | €82,860 | - | -€82,860 | |
| Reserves not available under the articles | 1311 | €82,860 | - | -€82,860 | |
| Distributable reserves | 133 | €3,106,612 | €3,209,444 | +€102,832 | +3.3% |
| Profit (loss) carried forward | 14 | -€27,593 | - | +€27,593 | |
| Amounts payable | 17/49 | €434,804 | €350,597 | -€84,206 | -19.4% |
| Amounts payable within one year | 42/48 | €434,804 | €350,597 | -€84,206 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €1,178 | - | -€1,178 | |
| Trade debts | 44 | €288,423 | €198,855 | -€89,568 | -31.1% |
| Suppliers | 440/4 | €288,423 | €198,855 | -€89,568 | -31.1% |
| Taxes, remuneration and social security | 45 | - | €8,536 | +€8,536 | |
| Taxes | 450/3 | - | €8,536 | +€8,536 | |
| Other amounts payable | 47/48 | €145,203 | €143,206 | -€1,997 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,690 | €96,214 | -€5,476 | -5.4% |
| Other operating charges | 640/8 | €7,245 | €6,650 | -€595 | -8.2% |
| Gross operating margin | 9900 | €71,791 | €110,424 | +€38,633 | +53.8% |
| Operating profit (loss) | 9901 | -€37,144 | €7,560 | +€44,704 | |
| Financial income | 75/76B | €10,624 | €11,590 | +€966 | +9.1% |
| Recurring financial income | 75 | €10,624 | €11,590 | +€966 | +9.1% |
| Financial charges | 65/66B | €899 | -€30,549 | -€31,448 | |
| Recurring financial charges | 65 | €899 | -€30,549 | -€31,448 | |
| Profit (loss) for the period before taxes | 9903 | -€27,419 | €49,699 | +€77,118 | |
| Income taxes | 67/77 | €174 | €2,135 | +€1,961 | +1,125% |
| Profit (loss) for the period | 9904 | -€27,593 | €47,564 | +€75,157 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,593 | €47,564 | +€75,157 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.