WINTERS TRAC: 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 TRAC
Largest movements
- Receivables within one year +€42,923
up €42,923 (+242%), from €17,717 to €60,640
of which Trade receivables: +€42,926
- Tangible fixed assets +€41,804
new in 2025: €41,804
of which Furniture and vehicles: +€22,882
- Cash +€22,352
up €22,352 (+46.0%), from €48,622 to €70,975
mainly Net result for the year (+€86,823) and Tax, wage and social debts (+€40,524)
- Stocks and contracts +€14,141
up €14,141 (+56.8%), from €24,913 to €39,054
- Reserves +€76,323
up €76,323 (+146%), from €52,361 to €128,683
- Tax, wage and social debts +€40,524
up €40,524 (+187%), from €21,635 to €62,159
- Trade debts +€5,861
up €5,861 (+54.8%), from €10,696 to €16,557
- Gross operating margin +€52,356
up €52,356 (+73.9%), from €70,871 to €123,227
- Taxes +€15,007
up €15,007 (+81.9%), from €18,323 to €33,330
- Depreciation +€2,724
new in 2025: €2,724
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 | €91,567 | €212,992 | +€121,424 | +133% |
| Fixed assets | 21/28 | - | €41,804 | +€41,804 | |
| Tangible fixed assets | 22/27 | - | €41,804 | +€41,804 | |
| Land and buildings | 22 | - | €10,002 | +€10,002 | |
| Plant, machinery and equipment | 23 | - | €8,920 | +€8,920 | |
| Furniture and vehicles | 24 | - | €22,882 | +€22,882 | |
| Current assets | 29/58 | €91,567 | €171,188 | +€79,620 | +87.0% |
| Stocks and contracts in progress | 3 | €24,913 | €39,054 | +€14,141 | +56.8% |
| Stocks | 30/36 | €24,913 | €39,054 | +€14,141 | +56.8% |
| Amounts receivable within one year | 40/41 | €17,717 | €60,640 | +€42,923 | +242% |
| Trade receivables | 40 | €17,714 | €60,640 | +€42,926 | +242% |
| Other amounts receivable | 41 | €3 | - | -€3 | |
| Cash at bank and in hand | 54/58 | €48,622 | €70,975 | +€22,352 | +46.0% |
| Deferred charges and accrued income | 490/1 | €315 | €519 | +€203 | +64.5% |
| Total equity and liabilities | 10/49 | €91,567 | €212,992 | +€121,424 | +133% |
| Equity | 10/15 | €57,361 | €133,683 | +€76,323 | +133% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €52,361 | €128,683 | +€76,323 | +146% |
| Distributable reserves | 133 | €52,361 | €128,683 | +€76,323 | +146% |
| Amounts payable | 17/49 | €34,207 | €79,308 | +€45,101 | +132% |
| Amounts payable within one year | 42/48 | €34,207 | €79,308 | +€45,101 | +132% |
| Trade debts | 44 | €10,696 | €16,557 | +€5,861 | +54.8% |
| Suppliers | 440/4 | €10,696 | €16,557 | +€5,861 | +54.8% |
| Taxes, remuneration and social security | 45 | €21,635 | €62,159 | +€40,524 | +187% |
| Taxes | 450/3 | €21,635 | €62,159 | +€40,524 | +187% |
| Other amounts payable | 47/48 | €1,876 | €592 | -€1,284 | -68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,724 | +€2,724 | |
| Other operating charges | 640/8 | €163 | €282 | +€119 | +73.0% |
| Gross operating margin | 9900 | €70,871 | €123,227 | +€52,356 | +73.9% |
| Operating profit (loss) | 9901 | €70,708 | €120,220 | +€49,513 | +70.0% |
| Financial income | 75/76B | €0 | €35 | +€35 | +8,951% |
| Recurring financial income | 75 | €0 | €35 | +€35 | +8,951% |
| Financial charges | 65/66B | €24 | €103 | +€78 | +322% |
| Recurring financial charges | 65 | €24 | €103 | +€78 | +322% |
| Profit (loss) for the period before taxes | 9903 | €70,684 | €120,153 | +€49,469 | +70.0% |
| Income taxes | 67/77 | €18,323 | €33,330 | +€15,007 | +81.9% |
| Profit (loss) for the period | 9904 | €52,361 | €86,823 | +€34,462 | +65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,361 | €86,823 | +€34,462 | +65.8% |
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 19 October 2026 via checked.be.