Winters Industrial Technology: 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 Industrial Technology
Largest movements
- Tangible fixed assets -€60,660
down €60,660 (-32.2%), from €188,477 to €127,818
of which Furniture and vehicles: -€58,246
- Cash +€14,673
up €14,673 (+14.5%), from €100,914 to €115,588
mainly Net result for the year (+€109,117) and Depreciation (+€64,715)
- Reserves +€48,700
up €48,700 (+9.9%), from €492,942 to €541,642
of which Distributable reserves: +€50,560
- Debts after one year -€47,833
down €47,833 (-13.2%), from €363,201 to €315,368
- Other debts -€18,372
down €18,372 (-11.5%), from €160,356 to €141,984
- Financial income -€55,004
down €55,004 (-55.0%), from €100,005 to €45,001
- Gross operating margin +€26,180
up €26,180 (+16.8%), from €155,943 to €182,123
- Financial charges -€15,212
down €15,212 (-37.5%), from €40,586 to €25,374
- Other operating charges -€2,395
down €2,395 (-49.9%), from €4,798 to €2,403
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 | €1,155,336 | €1,119,313 | -€36,022 | -3.1% |
| Fixed assets | 21/28 | €1,030,840 | €970,180 | -€60,660 | -5.9% |
| Tangible fixed assets | 22/27 | €188,477 | €127,818 | -€60,660 | -32.2% |
| Plant, machinery and equipment | 23 | €1,430 | €806 | -€624 | -43.6% |
| Furniture and vehicles | 24 | €173,479 | €115,233 | -€58,246 | -33.6% |
| Other tangible fixed assets | 26 | €13,568 | €11,779 | -€1,789 | -13.2% |
| Financial fixed assets | 28 | €842,362 | €842,362 | = | 0.0% |
| Current assets | 29/58 | €124,496 | €149,133 | +€24,637 | +19.8% |
| Amounts receivable within one year | 40/41 | €23,184 | €30,407 | +€7,223 | +31.2% |
| Trade receivables | 40 | €23,184 | €30,407 | +€7,223 | +31.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €100,914 | €115,588 | +€14,673 | +14.5% |
| Deferred charges and accrued income | 490/1 | €398 | €3,139 | +€2,741 | +689% |
| Total equity and liabilities | 10/49 | €1,155,336 | €1,119,313 | -€36,022 | -3.1% |
| Equity | 10/15 | €511,542 | €560,242 | +€48,700 | +9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €492,942 | €541,642 | +€48,700 | +9.9% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €491,082 | €541,642 | +€50,560 | +10.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €643,793 | €559,072 | -€84,722 | -13.2% |
| Amounts payable after more than one year | 17 | €363,201 | €315,368 | -€47,833 | -13.2% |
| Financial debts | 170/4 | €363,201 | €315,368 | -€47,833 | -13.2% |
| Amounts payable within one year | 42/48 | €243,200 | €212,833 | -€30,368 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €54,708 | €47,833 | -€6,875 | -12.6% |
| Trade debts | 44 | €31 | €2,124 | +€2,093 | +6,797% |
| Suppliers | 440/4 | €31 | €2,124 | +€2,093 | +6,797% |
| Taxes, remuneration and social security | 45 | €28,106 | €20,892 | -€7,214 | -25.7% |
| Taxes | 450/3 | €28,106 | €20,892 | -€7,214 | -25.7% |
| Other amounts payable | 47/48 | €160,356 | €141,984 | -€18,372 | -11.5% |
| Accrued charges and deferred income | 492/3 | €37,392 | €30,871 | -€6,521 | -17.4% |
| Non-recurring operating income | 76A | €5,644 | €0 | -€5,644 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,879 | €64,715 | +€837 | +1.3% |
| Other operating charges | 640/8 | €4,798 | €2,403 | -€2,395 | -49.9% |
| Gross operating margin | 9900 | €155,943 | €182,123 | +€26,180 | +16.8% |
| Operating profit (loss) | 9901 | €87,266 | €115,004 | +€27,738 | +31.8% |
| Financial income | 75/76B | €100,005 | €45,001 | -€55,004 | -55.0% |
| Recurring financial income | 75 | €100,005 | €45,001 | -€55,004 | -55.0% |
| Financial charges | 65/66B | €40,586 | €25,374 | -€15,212 | -37.5% |
| Recurring financial charges | 65 | €40,586 | €25,374 | -€15,212 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €146,685 | €134,631 | -€12,054 | -8.2% |
| Income taxes | 67/77 | €26,197 | €25,514 | -€683 | -2.6% |
| Profit (loss) for the period | 9904 | €120,488 | €109,117 | -€11,371 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €120,488 | €109,117 | -€11,371 | -9.4% |
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 21 October 2026 via checked.be.