WINTERWINGS: 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.
WINTERWINGS
Largest movements
- Receivables within one year -€94,414
down €94,414 (-67.3%), from €140,187 to €45,773
of which Other amounts receivable: -€103,826
- Cash +€15,900
up €15,900 (+355%), from €4,476 to €20,376
mainly Receivables within one year (+€94,414) and Net result for the year (+€45,451)
- Tangible fixed assets -€14,527
down €14,527 (-42.7%), from €34,046 to €19,520
of which Furniture and vehicles: -€13,458
- Other debts -€91,299
down €91,299 (-71.9%), from €126,941 to €35,642
- Tax, wage and social debts -€6,521
down €6,521 (-40.9%), from €15,933 to €9,411
- Reserves +€5,451
up €5,451 (+32.3%), from €16,860 to €22,311
- Gross operating margin -€15,198
down €15,198 (-16.0%), from €94,718 to €79,520
- Taxes -€3,732
down €3,732 (-16.7%), from €22,378 to €18,646
- Depreciation -€1,279
down €1,279 (-8.1%), from €15,806 to €14,527
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 | €178,710 | €87,061 | -€91,648 | -51.3% |
| Fixed assets | 21/28 | €34,046 | €19,520 | -€14,527 | -42.7% |
| Tangible fixed assets | 22/27 | €34,046 | €19,520 | -€14,527 | -42.7% |
| Plant, machinery and equipment | 23 | €2,065 | €996 | -€1,069 | -51.8% |
| Furniture and vehicles | 24 | €31,982 | €18,524 | -€13,458 | -42.1% |
| Current assets | 29/58 | €144,663 | €67,542 | -€77,122 | -53.3% |
| Amounts receivable within one year | 40/41 | €140,187 | €45,773 | -€94,414 | -67.3% |
| Trade receivables | 40 | €27,681 | €37,093 | +€9,412 | +34.0% |
| Other amounts receivable | 41 | €112,506 | €8,680 | -€103,826 | -92.3% |
| Cash at bank and in hand | 54/58 | €4,476 | €20,376 | +€15,900 | +355% |
| Deferred charges and accrued income | 490/1 | - | €1,393 | +€1,393 | |
| Total equity and liabilities | 10/49 | €178,710 | €87,061 | -€91,648 | -51.3% |
| Equity | 10/15 | €35,460 | €40,911 | +€5,451 | +15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,860 | €22,311 | +€5,451 | +32.3% |
| Distributable reserves | 133 | €16,860 | €22,311 | +€5,451 | +32.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €143,250 | €46,150 | -€97,099 | -67.8% |
| Amounts payable within one year | 42/48 | €143,250 | €46,150 | -€97,099 | -67.8% |
| Trade debts | 44 | €376 | €1,097 | +€721 | +192% |
| Suppliers | 440/4 | €376 | €1,097 | +€721 | +192% |
| Taxes, remuneration and social security | 45 | €15,933 | €9,411 | -€6,521 | -40.9% |
| Taxes | 450/3 | €15,933 | €9,411 | -€6,521 | -40.9% |
| Other amounts payable | 47/48 | €126,941 | €35,642 | -€91,299 | -71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,806 | €14,527 | -€1,279 | -8.1% |
| Other operating charges | 640/8 | €784 | €939 | +€155 | +19.7% |
| Gross operating margin | 9900 | €94,718 | €79,520 | -€15,198 | -16.0% |
| Operating profit (loss) | 9901 | €78,128 | €64,054 | -€14,074 | -18.0% |
| Financial income | 75/76B | €851 | €118 | -€733 | -86.2% |
| Recurring financial income | 75 | €851 | €118 | -€733 | -86.2% |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €57 | €75 | +€17 | +30.6% |
| Recurring financial charges | 65 | €57 | €75 | +€17 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €78,922 | €64,097 | -€14,825 | -18.8% |
| Income taxes | 67/77 | €22,378 | €18,646 | -€3,732 | -16.7% |
| Profit (loss) for the period | 9904 | €56,544 | €45,451 | -€11,093 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,544 | €45,451 | -€11,093 | -19.6% |
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.