Winters Stone: 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 Stone
Largest movements
- Tangible fixed assets -€11,425
down €11,425 (-52.9%), from €21,599 to €10,174
of which Plant, machinery and equipment: -€6,927
- Intangible fixed assets -€2,144
down €2,144 (-66.8%), from €3,211 to €1,067
- Profit (loss) carried forward -€37,909
down €37,909 (-15.5%), from -€245,057 to -€282,966
- Other debts +€35,346
up €35,346 (+66.5%), from €53,171 to €88,517
- Current portion of long-term debt -€9,265
down €9,265 (-89.1%), from €10,398 to €1,134
- Debts after one year -€1,134
down €1,134 (-0.5%), from €246,134 to €245,000
- Gross operating margin +€11,654
up €11,654 (+37.4%), from -€31,169 to -€19,515
- Depreciation -€3,906
down €3,906 (-22.4%), from €17,474 to €13,569
- Financial charges -€522
down €522 (-11.0%), from €4,745 to €4,223
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €112,369 | €98,448 | -€13,920 | -12.4% |
| Fixed assets | 21/28 | €24,810 | €11,241 | -€13,569 | -54.7% |
| Intangible fixed assets | 21 | €3,211 | €1,067 | -€2,144 | -66.8% |
| Tangible fixed assets | 22/27 | €21,599 | €10,174 | -€11,425 | -52.9% |
| Land and buildings | 22 | €11,527 | €7,029 | -€4,498 | -39.0% |
| Plant, machinery and equipment | 23 | €10,072 | €3,145 | -€6,927 | -68.8% |
| Current assets | 29/58 | €87,559 | €87,207 | -€352 | -0.4% |
| Stocks and contracts in progress | 3 | €85,884 | €85,884 | = | 0.0% |
| Stocks | 30/36 | €85,884 | €85,884 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,675 | €1,323 | -€352 | -21.0% |
| Other amounts receivable | 41 | €1,675 | €1,323 | -€352 | -21.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €112,369 | €98,448 | -€13,920 | -12.4% |
| Equity | 10/15 | -€237,632 | -€275,540 | -€37,909 | -16.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,425 | €2,425 | = | 0.0% |
| Distributable reserves | 133 | €2,425 | €2,425 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€245,057 | -€282,966 | -€37,909 | -15.5% |
| Amounts payable | 17/49 | €350,001 | €373,989 | +€23,988 | +6.9% |
| Amounts payable after more than one year | 17 | €246,134 | €245,000 | -€1,134 | -0.5% |
| Financial debts | 170/4 | €246,134 | €245,000 | -€1,134 | -0.5% |
| Amounts payable within one year | 42/48 | €103,867 | €128,989 | +€25,122 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €10,398 | €1,134 | -€9,265 | -89.1% |
| Financial debts | 43 | €29,936 | €29,863 | -€73 | -0.2% |
| Credit institutions | 430/8 | €29,936 | €29,863 | -€73 | -0.2% |
| Trade debts | 44 | €10,362 | €9,476 | -€886 | -8.6% |
| Suppliers | 440/4 | €10,362 | €9,476 | -€886 | -8.6% |
| Other amounts payable | 47/48 | €53,171 | €88,517 | +€35,346 | +66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,474 | €13,569 | -€3,906 | -22.4% |
| Other operating charges | 640/8 | €446 | €602 | +€155 | +34.8% |
| Gross operating margin | 9900 | -€31,169 | -€19,515 | +€11,654 | +37.4% |
| Operating profit (loss) | 9901 | -€49,090 | -€33,686 | +€15,404 | +31.4% |
| Financial charges | 65/66B | €4,745 | €4,223 | -€522 | -11.0% |
| Recurring financial charges | 65 | €4,745 | €4,223 | -€522 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€53,835 | -€37,909 | +€15,926 | +29.6% |
| Profit (loss) for the period | 9904 | -€53,835 | -€37,909 | +€15,926 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,835 | -€37,909 | +€15,926 | +29.6% |
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 18 October 2026 via checked.be.