WINVIGOR: 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.
WINVIGOR
Largest movements
- Receivables within one year +€46,704
up €46,704 (+122%), from €38,434 to €85,137
of which Trade receivables: +€38,746
- Cash +€11,687
up €11,687 (+316%), from €3,702 to €15,389
mainly Advances received (+€39,000) and Net result for the year (+€8,276)
- Tangible fixed assets -€5,926
down €5,926 (-23.6%), from €25,090 to €19,164
of which Furniture and vehicles: -€4,538
- Advances received +€39,000
new in 2025: €39,000
- Profit (loss) carried forward +€8,276
up €8,276 (+13.1%), from €63,291 to €71,567
- Trade debts +€5,833
up €5,833 (+290%), from €2,009 to €7,842
- Gross operating margin -€59,872
down €59,872 (-80.2%), from €74,699 to €14,827
- Taxes +€1,572
up €1,572 (+450%), from €349 to €1,921
- Depreciation +€1,377
up €1,377 (+30.3%), from €4,549 to €5,926
- Financial income +€1,270
up €1,270 (+1,089%), from €117 to €1,386
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 | €69,425 | €122,526 | +€53,100 | +76.5% |
| Fixed assets | 21/28 | €25,290 | €19,364 | -€5,926 | -23.4% |
| Tangible fixed assets | 22/27 | €25,090 | €19,164 | -€5,926 | -23.6% |
| Plant, machinery and equipment | 23 | €3,727 | €2,339 | -€1,388 | -37.2% |
| Furniture and vehicles | 24 | €21,362 | €16,825 | -€4,538 | -21.2% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €44,136 | €103,162 | +€59,026 | +134% |
| Amounts receivable within one year | 40/41 | €38,434 | €85,137 | +€46,704 | +122% |
| Trade receivables | 40 | €15,125 | €53,871 | +€38,746 | +256% |
| Other amounts receivable | 41 | €23,309 | €31,266 | +€7,957 | +34.1% |
| Current investments | 50/53 | €2,000 | €2,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,702 | €15,389 | +€11,687 | +316% |
| Deferred charges and accrued income | 490/1 | €0 | €636 | +€636 | |
| Total equity and liabilities | 10/49 | €69,425 | €122,526 | +€53,100 | +76.5% |
| Equity | 10/15 | €65,291 | €73,567 | +€8,276 | +12.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,291 | €71,567 | +€8,276 | +13.1% |
| Amounts payable | 17/49 | €4,134 | €48,958 | +€44,824 | +1,084% |
| Amounts payable within one year | 42/48 | €4,134 | €48,958 | +€44,824 | +1,084% |
| Trade debts | 44 | €2,009 | €7,842 | +€5,833 | +290% |
| Suppliers | 440/4 | €2,009 | €7,842 | +€5,833 | +290% |
| Advances received on contracts in progress | 46 | - | €39,000 | +€39,000 | |
| Taxes, remuneration and social security | 45 | €2,126 | €2,117 | -€9 | -0.4% |
| Taxes | 450/3 | €2,126 | €2,117 | -€9 | -0.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,549 | €5,926 | +€1,377 | +30.3% |
| Gross operating margin | 9900 | €74,699 | €14,827 | -€59,872 | -80.2% |
| Operating profit (loss) | 9901 | €70,150 | €8,901 | -€61,249 | -87.3% |
| Financial income | 75/76B | €117 | €1,386 | +€1,270 | +1,089% |
| Recurring financial income | 75 | €117 | €1,386 | +€1,270 | +1,089% |
| Financial charges | 65/66B | €514 | €90 | -€424 | -82.5% |
| Recurring financial charges | 65 | €514 | €90 | -€424 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | €69,753 | €10,198 | -€59,555 | -85.4% |
| Income taxes | 67/77 | €349 | €1,921 | +€1,572 | +450% |
| Profit (loss) for the period | 9904 | €69,404 | €8,276 | -€61,127 | -88.1% |
| Profit (loss) for the period to be appropriated | 9905 | €69,404 | €8,276 | -€61,127 | -88.1% |
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 15 October 2026 via checked.be.