WINTERS LUC: 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 LUC
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year +€17,954
up €17,954 (+55.0%), from €32,647 to €50,601
of which Trade receivables: +€17,748
- Stocks and contracts -€16,926
down €16,926 (-15.6%), from €108,396 to €91,470
- Tangible fixed assets +€8,618
up €8,618 (+24.4%), from €35,264 to €43,882
of which Furniture and vehicles: +€16,612
- Reserves +€51,818
up €51,818 (+43.2%), from €119,817 to €171,635
- Tax, wage and social debts +€22,400
up €22,400 (+356%), from €6,285 to €28,685
- Trade debts -€19,464
down €19,464 (-63.9%), from €30,442 to €10,978
- Other debts +€8,000
up €8,000 (+32.0%), from €24,995 to €32,995
- Debts after one year -€5,298
down €5,298 (-7.6%), from €70,096 to €64,798
- Gross operating margin +€65,100
up €65,100 (+213%), from €30,626 to €95,727
- Taxes +€13,724
up €13,724 (+213%), from €6,454 to €20,178
- Depreciation +€6,751
up €6,751 (+143%), from €4,709 to €11,460
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 | €292,430 | €352,189 | +€59,759 | +20.4% |
| Fixed assets | 21/28 | €35,264 | €43,882 | +€8,618 | +24.4% |
| Tangible fixed assets | 22/27 | €35,264 | €43,882 | +€8,618 | +24.4% |
| Furniture and vehicles | 24 | - | €16,612 | +€16,612 | |
| Leasing and similar rights | 25 | €35,264 | €27,269 | -€7,995 | -22.7% |
| Current assets | 29/58 | €257,166 | €308,307 | +€51,142 | +19.9% |
| Stocks and contracts in progress | 3 | €108,396 | €91,470 | -€16,926 | -15.6% |
| Stocks | 30/36 | €108,396 | €91,470 | -€16,926 | -15.6% |
| Amounts receivable within one year | 40/41 | €32,647 | €50,601 | +€17,954 | +55.0% |
| Trade receivables | 40 | €30,975 | €48,723 | +€17,748 | +57.3% |
| Other amounts receivable | 41 | €1,672 | €1,878 | +€206 | +12.3% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €110,928 | €110,997 | +€69 | +0.1% |
| Deferred charges and accrued income | 490/1 | €5,194 | €5,239 | +€44 | +0.9% |
| Total equity and liabilities | 10/49 | €292,430 | €352,189 | +€59,759 | +20.4% |
| Equity | 10/15 | €138,417 | €190,235 | +€51,818 | +37.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,817 | €171,635 | +€51,818 | +43.2% |
| Distributable reserves | 133 | €119,817 | €171,635 | +€51,818 | +43.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €15,000 | €15,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €15,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable | 17/49 | €139,013 | €146,954 | +€7,941 | +5.7% |
| Amounts payable after more than one year | 17 | €70,096 | €64,798 | -€5,298 | -7.6% |
| Financial debts | 170/4 | €70,096 | €64,798 | -€5,298 | -7.6% |
| Amounts payable within one year | 42/48 | €66,817 | €77,957 | +€11,139 | +16.7% |
| Current portion of amounts payable after more than one year | 42 | €5,095 | €5,298 | +€203 | +4.0% |
| Trade debts | 44 | €30,442 | €10,978 | -€19,464 | -63.9% |
| Suppliers | 440/4 | €30,442 | €10,978 | -€19,464 | -63.9% |
| Taxes, remuneration and social security | 45 | €6,285 | €28,685 | +€22,400 | +356% |
| Taxes | 450/3 | €6,285 | €28,685 | +€22,400 | +356% |
| Other amounts payable | 47/48 | €24,995 | €32,995 | +€8,000 | +32.0% |
| Accrued charges and deferred income | 492/3 | €2,100 | €4,200 | +€2,100 | +100% |
| Non-recurring operating income | 76A | €4,545 | €0 | -€4,545 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,709 | €11,460 | +€6,751 | +143% |
| Other operating charges | 640/8 | €1,452 | €1,681 | +€229 | +15.8% |
| Gross operating margin | 9900 | €30,626 | €95,727 | +€65,100 | +213% |
| Operating profit (loss) | 9901 | €24,466 | €82,586 | +€58,120 | +238% |
| Financial income | 75/76B | €605 | €373 | -€232 | -38.3% |
| Recurring financial income | 75 | €605 | €373 | -€232 | -38.3% |
| Financial charges | 65/66B | €2,828 | €2,962 | +€135 | +4.8% |
| Recurring financial charges | 65 | €2,828 | €2,962 | +€135 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €22,243 | €79,996 | +€57,753 | +260% |
| Income taxes | 67/77 | €6,454 | €20,178 | +€13,724 | +213% |
| Profit (loss) for the period | 9904 | €15,789 | €59,818 | +€44,029 | +279% |
| Profit (loss) for the period to be appropriated | 9905 | €15,789 | €59,818 | +€44,029 | +279% |
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 26 October 2026 via checked.be.