Winthrop Technologies Belgium: what changed
Winthrop Technologies Belgium
Largest movements
- Receivables within one year -€185,376
down €185,376 (-22.7%), from €815,104 to €629,728
of which Other amounts receivable: -€121,793
- Cash -€70,205
down €70,205 (-77.4%), from €90,672 to €20,467
mainly Accrued charges and deferred income (-€168,606) and Trade debts (-€89,558)
- Accrued charges and deferred income -€168,606
down €168,606 (-85.6%), from €197,051 to €28,445
- Trade debts -€89,558
down €89,558 (-43.6%), from €205,175 to €115,617
- Gross operating margin -€64,761
down €64,761 (-37.9%), from €170,757 to €105,996
- Staff costs -€47,989
down €47,989 (-81.7%), from €58,704 to €10,715
- Taxes -€7,428
down €7,428 (-24.8%), from €30,000 to €22,572
- Other operating charges +€4,716
new in 2025: €4,716
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €918,944 | €660,196 | -€258,748 | -28.2% |
| Fixed assets | 21/28 | €13,168 | €10,000 | -€3,168 | -24.1% |
| Financial fixed assets | 28 | €13,168 | €10,000 | -€3,168 | -24.1% |
| Current assets | 29/58 | €905,776 | €650,196 | -€255,581 | -28.2% |
| Amounts receivable within one year | 40/41 | €815,104 | €629,728 | -€185,376 | -22.7% |
| Trade receivables | 40 | €683,329 | €619,747 | -€63,582 | -9.3% |
| Other amounts receivable | 41 | €131,775 | €9,982 | -€121,793 | -92.4% |
| Cash at bank and in hand | 54/58 | €90,672 | €20,467 | -€70,205 | -77.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €918,944 | €660,196 | -€258,748 | -28.2% |
| Equity | 10/15 | €496,718 | €499,222 | +€2,504 | +0.5% |
| Contributions | 10/11 | €18,500 | €18,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €478,218 | €480,722 | +€2,504 | +0.5% |
| Amounts payable | 17/49 | €422,226 | €160,974 | -€261,252 | -61.9% |
| Amounts payable within one year | 42/48 | €225,175 | €132,529 | -€92,646 | -41.1% |
| Trade debts | 44 | €205,175 | €115,617 | -€89,558 | -43.6% |
| Suppliers | 440/4 | €205,175 | €115,617 | -€89,558 | -43.6% |
| Taxes, remuneration and social security | 45 | €20,000 | €16,912 | -€3,088 | -15.4% |
| Taxes | 450/3 | €20,000 | €16,912 | -€3,088 | -15.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €197,051 | €28,445 | -€168,606 | -85.6% |
| Remuneration, social security and pensions | 62 | €58,704 | €10,715 | -€47,989 | -81.7% |
| Other operating charges | 640/8 | - | €4,716 | +€4,716 | |
| Non-recurring operating charges | 66A | - | €65,213 | +€65,213 | |
| Gross operating margin | 9900 | €170,757 | €105,996 | -€64,761 | -37.9% |
| Operating profit (loss) | 9901 | €112,053 | €25,353 | -€86,700 | -77.4% |
| Financial charges | 65/66B | €396 | €277 | -€119 | -30.1% |
| Recurring financial charges | 65 | €396 | €277 | -€119 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €111,657 | €25,076 | -€86,581 | -77.5% |
| Income taxes | 67/77 | €30,000 | €22,572 | -€7,428 | -24.8% |
| Profit (loss) for the period | 9904 | €81,657 | €2,504 | -€79,153 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €81,657 | €2,504 | -€79,153 | -96.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.