WINTRO: 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.
WINTRO
Largest movements
- Cash -€171,844
down €171,844 (-78.2%), from €219,662 to €47,818
mainly Net result for the year (-€240,039) and Current investments (-€100,000)
- Deferred charges and accrued income -€132,709
down €132,709 (-68.0%), from €195,221 to €62,512
- Current investments +€100,000
new in 2025: €100,000
- Receivables within one year +€30,079
up €30,079 (+201%), from €14,963 to €45,042
of which Trade receivables: +€34,498
- Profit (loss) carried forward -€155,548
new in 2025: -€155,548
- Reserves -€84,491
no longer reported in 2025 (was €84,491)
- Debts after one year +€50,000
up €50,000 (+20.0%), from €250,000 to €300,000
- Accrued charges and deferred income +€27,334
up €27,334 (+192%), from €14,254 to €41,588
- Trade debts -€20,241
down €20,241 (-97.1%), from €20,843 to €603
- Gross operating margin -€234,507
down €234,507, from €104,714 to -€129,793
- Staff costs +€64,923
up €64,923 (+407%), from €15,942 to €80,865
- Financial charges +€13,791
up €13,791 (+95.5%), from €14,433 to €28,224
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 | €432,415 | €257,647 | -€174,768 | -40.4% |
| Fixed assets | 21/28 | €2,569 | €2,276 | -€294 | -11.4% |
| Tangible fixed assets | 22/27 | €2,569 | €2,276 | -€294 | -11.4% |
| Furniture and vehicles | 24 | €2,569 | €2,276 | -€294 | -11.4% |
| Current assets | 29/58 | €429,846 | €255,372 | -€174,474 | -40.6% |
| Amounts receivable within one year | 40/41 | €14,963 | €45,042 | +€30,079 | +201% |
| Trade receivables | 40 | €9,090 | €43,589 | +€34,498 | +380% |
| Other amounts receivable | 41 | €5,873 | €1,453 | -€4,419 | -75.3% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €219,662 | €47,818 | -€171,844 | -78.2% |
| Deferred charges and accrued income | 490/1 | €195,221 | €62,512 | -€132,709 | -68.0% |
| Total equity and liabilities | 10/49 | €432,415 | €257,647 | -€174,768 | -40.4% |
| Equity | 10/15 | €139,470 | -€100,569 | -€240,039 | |
| Contributions | 10/11 | €54,979 | €54,979 | = | 0.0% |
| Reserves | 13 | €84,491 | - | -€84,491 | |
| Distributable reserves | 133 | €84,491 | - | -€84,491 | |
| Profit (loss) carried forward | 14 | - | -€155,548 | -€155,548 | |
| Amounts payable | 17/49 | €292,945 | €358,216 | +€65,271 | +22.3% |
| Amounts payable after more than one year | 17 | €250,000 | €300,000 | +€50,000 | +20.0% |
| Financial debts | 170/4 | €250,000 | €300,000 | +€50,000 | +20.0% |
| Amounts payable within one year | 42/48 | €28,691 | €16,628 | -€12,063 | -42.0% |
| Trade debts | 44 | €20,843 | €603 | -€20,241 | -97.1% |
| Suppliers | 440/4 | €20,843 | €603 | -€20,241 | -97.1% |
| Taxes, remuneration and social security | 45 | €6,297 | €14,565 | +€8,268 | +131% |
| Taxes | 450/3 | €242 | €242 | = | 0.0% |
| Remuneration and social security | 454/9 | €6,055 | €14,323 | +€8,268 | +137% |
| Other amounts payable | 47/48 | €1,551 | €1,461 | -€90 | -5.8% |
| Accrued charges and deferred income | 492/3 | €14,254 | €41,588 | +€27,334 | +192% |
| Remuneration, social security and pensions | 62 | €15,942 | €80,865 | +€64,923 | +407% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €886 | €1,499 | +€613 | +69.1% |
| Other operating charges | 640/8 | €77 | - | -€77 | |
| Gross operating margin | 9900 | €104,714 | -€129,793 | -€234,507 | |
| Operating profit (loss) | 9901 | €87,809 | -€212,157 | -€299,966 | |
| Financial income | 75/76B | €481 | €477 | -€4 | -0.8% |
| Recurring financial income | 75 | €481 | €477 | -€4 | -0.8% |
| Financial charges | 65/66B | €14,433 | €28,224 | +€13,791 | +95.5% |
| Recurring financial charges | 65 | €14,433 | €28,224 | +€13,791 | +95.5% |
| Profit (loss) for the period before taxes | 9903 | €73,857 | -€239,904 | -€313,761 | |
| Income taxes | 67/77 | €42 | €135 | +€93 | +220% |
| Profit (loss) for the period | 9904 | €73,815 | -€240,039 | -€313,854 | |
| Profit (loss) for the period to be appropriated | 9905 | €73,815 | -€240,039 | -€313,854 |
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 27 October 2026 via checked.be.