WINTERS: 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.
WINTERS
Largest movements
- Tangible fixed assets -€17,191
down €17,191 (-83.1%), from €20,686 to €3,495
of which Furniture and vehicles: -€19,756
- Receivables within one year +€2,750
up €2,750 (+34.0%), from €8,080 to €10,830
of which Trade receivables: +€2,907
- Cash -€1,306
down €1,306 (-66.0%), from €1,978 to €673
mainly Other debts (-€55,760) and Receivables within one year (-€2,750)
- Other debts -€55,760
down €55,760 (-58.7%), from €95,038 to €39,278
- Profit (loss) carried forward +€39,707
up €39,707 (+41.7%), from -€95,115 to -€55,408
- Gross operating margin +€17,676
up €17,676 (+71.2%), from €24,822 to €42,498
- Depreciation -€11,081
down €11,081 (-85.4%), from €12,977 to €1,896
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.
Cash bridge derived
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 | €30,745 | €14,998 | -€15,747 | -51.2% |
| Fixed assets | 21/28 | €20,686 | €3,495 | -€17,191 | -83.1% |
| Tangible fixed assets | 22/27 | €20,686 | €3,495 | -€17,191 | -83.1% |
| Plant, machinery and equipment | 23 | €106 | €2,670 | +€2,565 | +2427.1% |
| Furniture and vehicles | 24 | €20,581 | €825 | -€19,756 | -96.0% |
| Current assets | 29/58 | €10,058 | €11,503 | +€1,444 | +14.4% |
| Amounts receivable within one year | 40/41 | €8,080 | €10,830 | +€2,750 | +34.0% |
| Trade receivables | 40 | €7,308 | €10,215 | +€2,907 | +39.8% |
| Other amounts receivable | 41 | €772 | €615 | -€157 | -20.3% |
| Cash at bank and in hand | 54/58 | €1,978 | €673 | -€1,306 | -66.0% |
| Total equity and liabilities | 10/49 | €30,745 | €14,998 | -€15,747 | -51.2% |
| Equity | 10/15 | -€64,520 | -€24,813 | +€39,707 | +61.5% |
| Contributions | 10/11 | €27,814 | €27,814 | = | 0.0% |
| Reserves | 13 | €2,781 | €2,781 | = | 0.0% |
| Distributable reserves | 133 | €2,781 | €2,781 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,115 | -€55,408 | +€39,707 | +41.7% |
| Amounts payable | 17/49 | €95,265 | €39,811 | -€55,454 | -58.2% |
| Amounts payable within one year | 42/48 | €95,264 | €39,811 | -€55,454 | -58.2% |
| Trade debts | 44 | €226 | €532 | +€306 | +135.5% |
| Suppliers | 440/4 | €226 | €532 | +€306 | +135.5% |
| Other amounts payable | 47/48 | €95,038 | €39,278 | -€55,760 | -58.7% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | -€0 | -51.6% |
| Non-recurring operating income | 76A | - | €9,828 | +€9,828 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,977 | €1,896 | -€11,081 | -85.4% |
| Other operating charges | 640/8 | €947 | €700 | -€248 | -26.1% |
| Gross operating margin | 9900 | €24,822 | €42,498 | +€17,676 | +71.2% |
| Operating profit (loss) | 9901 | €10,898 | €39,902 | +€29,005 | +266.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €208 | €195 | -€13 | -6.1% |
| Recurring financial charges | 65 | €208 | €195 | -€13 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €10,690 | €39,707 | +€29,017 | +271.4% |
| Profit (loss) for the period | 9904 | €10,690 | €39,707 | +€29,017 | +271.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,690 | €39,707 | +€29,017 | +271.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.