WINTERLAND HASSELT: 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.
WINTERLAND HASSELT
Largest movements
- Receivables after one year -€141,791
down €141,791 (-14.2%), from €1.0m to €858,570
- Cash -€134,818
down €134,818 (-36.4%), from €370,424 to €235,606
mainly Contributions, distributions and other (-€210,000) and Trade debts (-€163,969)
- Receivables within one year +€30,043
up €30,043 (+213%), from €14,118 to €44,161
of which Other amounts receivable: +€29,113
- Tangible fixed assets -€21,580
down €21,580 (-2.8%), from €760,311 to €738,731
of which Land and buildings: -€26,125
- Trade debts -€163,969
down €163,969 (-73.7%), from €222,427 to €58,458
- Other debts +€93,154
up €93,154 (+18.1%), from €513,731 to €606,885
- Reserves -€89,925
down €89,925 (-8.5%), from €1.1m to €963,967
of which Distributable reserves: -€87,925
- Debts after one year -€75,000
down €75,000 (-31.9%), from €235,000 to €160,000
of which Financial debts: -€75,000
- Gross operating margin -€67,346
down €67,346 (-9.0%), from €747,999 to €680,653
- Staff costs +€19,672
up €19,672 (+4.7%), from €419,513 to €439,185
- Depreciation -€16,345
down €16,345 (-21.2%), from €77,187 to €60,841
- Taxes -€12,143
down €12,143 (-20.3%), from €59,953 to €47,811
- Financial charges -€11,066
down €11,066 (-25.3%), from €43,709 to €32,643
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 | €2,145,214 | €1,892,385 | -€252,829 | -11.8% |
| Fixed assets | 21/28 | €760,311 | €754,047 | -€6,263 | -0.8% |
| Tangible fixed assets | 22/27 | €760,311 | €738,731 | -€21,580 | -2.8% |
| Land and buildings | 22 | €569,594 | €543,469 | -€26,125 | -4.6% |
| Plant, machinery and equipment | 23 | €151,759 | €162,448 | +€10,689 | +7.0% |
| Furniture and vehicles | 24 | €38,958 | €32,814 | -€6,144 | -15.8% |
| Financial fixed assets | 28 | - | €15,316 | +€15,316 | |
| Current assets | 29/58 | €1,384,903 | €1,138,338 | -€246,566 | -17.8% |
| Amounts receivable after more than one year | 29 | €1,000,361 | €858,570 | -€141,791 | -14.2% |
| Other amounts receivable | 291 | €1,000,361 | €858,570 | -€141,791 | -14.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €14,118 | €44,161 | +€30,043 | +213% |
| Trade receivables | 40 | €14,118 | €15,048 | +€930 | +6.6% |
| Other amounts receivable | 41 | €0 | €29,113 | +€29,113 | |
| Cash at bank and in hand | 54/58 | €370,424 | €235,606 | -€134,818 | -36.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,145,214 | €1,892,385 | -€252,829 | -11.8% |
| Equity | 10/15 | €1,073,892 | €983,967 | -€89,925 | -8.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,053,892 | €963,967 | -€89,925 | -8.5% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100% |
| Distributable reserves | 133 | €1,051,892 | €963,967 | -€87,925 | -8.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,071,322 | €908,418 | -€162,904 | -15.2% |
| Amounts payable after more than one year | 17 | €235,000 | €160,000 | -€75,000 | -31.9% |
| Financial debts | 170/4 | €225,000 | €150,000 | -€75,000 | -33.3% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €836,322 | €748,418 | -€87,904 | -10.5% |
| Trade debts | 44 | €222,427 | €58,458 | -€163,969 | -73.7% |
| Suppliers | 440/4 | €222,427 | €58,458 | -€163,969 | -73.7% |
| Taxes, remuneration and social security | 45 | €100,164 | €83,075 | -€17,090 | -17.1% |
| Taxes | 450/3 | €78,323 | €50,162 | -€28,160 | -36.0% |
| Remuneration and social security | 454/9 | €21,841 | €32,912 | +€11,071 | +50.7% |
| Other amounts payable | 47/48 | €513,731 | €606,885 | +€93,154 | +18.1% |
| Remuneration, social security and pensions | 62 | €419,513 | €439,185 | +€19,672 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,187 | €60,841 | -€16,345 | -21.2% |
| Other operating charges | 640/8 | €8,300 | €4,430 | -€3,871 | -46.6% |
| Non-recurring operating charges | 66A | €158 | €128 | -€29 | -18.5% |
| Gross operating margin | 9900 | €747,999 | €680,653 | -€67,346 | -9.0% |
| Operating profit (loss) | 9901 | €242,842 | €176,070 | -€66,773 | -27.5% |
| Financial income | 75/76B | €27,759 | €24,459 | -€3,299 | -11.9% |
| Recurring financial income | 75 | €27,759 | €24,459 | -€3,299 | -11.9% |
| Financial charges | 65/66B | €43,709 | €32,643 | -€11,066 | -25.3% |
| Recurring financial charges | 65 | €43,709 | €32,643 | -€11,066 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €226,891 | €167,886 | -€59,006 | -26.0% |
| Income taxes | 67/77 | €59,953 | €47,811 | -€12,143 | -20.3% |
| Profit (loss) for the period | 9904 | €166,938 | €120,075 | -€46,863 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €166,938 | €120,075 | -€46,863 | -28.1% |
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.