WINVO: what changed
Two fiscal 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.
WINVO
Largest movements
- Tangible fixed assets +€49,653
up €49,653 (+44.2%), from €112,385 to €162,039
of which Plant, machinery and equipment: +€48,837
- Receivables within one year +€23,246
up €23,246 (+96.7%), from €24,032 to €47,278
of which Trade receivables: +€16,415
- Stocks and contracts -€15,880
down €15,880 (-100.0%), from €15,880 to €0
- Cash +€5,397
up €5,397 (+76.9%), from €7,015 to €12,412
mainly Tax, wage and social debts (+€30,892) and Trade debts (+€25,826)
- Tax, wage and social debts +€30,892
up €30,892, from €0 to €30,892
of which Remuneration and social security: +€28,000
- Trade debts +€25,826
up €25,826 (+94.1%), from €27,454 to €53,280
- Profit (loss) carried forward +€13,523
up €13,523 (+97.9%), from -€13,814 to -€291
- Other debts -€7,824
down €7,824 (-6.6%), from €119,383 to €111,558
- Depreciation +€6,909
up €6,909 (+64.6%), from €10,687 to €17,596
- Taxes +€2,892
new in 2025: €2,892
- Other operating charges +€827
up €827 (+65.5%), from €1,263 to €2,091
- Financial charges -€771
down €771 (-58.8%), from €1,312 to €541
of which Non-recurring financial charges: -€563
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.
Cash bridge derived
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 | €162,593 | €225,010 | +€62,416 | +38.4% |
| Fixed assets | 21/28 | €112,385 | €162,039 | +€49,653 | +44.2% |
| Tangible fixed assets | 22/27 | €112,385 | €162,039 | +€49,653 | +44.2% |
| Plant, machinery and equipment | 23 | €109,155 | €157,992 | +€48,837 | +44.7% |
| Furniture and vehicles | 24 | €3,230 | €4,047 | +€816 | +25.3% |
| Current assets | 29/58 | €50,208 | €62,971 | +€12,763 | +25.4% |
| Stocks and contracts in progress | 3 | €15,880 | €0 | -€15,880 | -100.0% |
| Stocks | 30/36 | €15,880 | €0 | -€15,880 | -100.0% |
| Amounts receivable within one year | 40/41 | €24,032 | €47,278 | +€23,246 | +96.7% |
| Trade receivables | 40 | €22,645 | €39,060 | +€16,415 | +72.5% |
| Other amounts receivable | 41 | €1,388 | €8,218 | +€6,830 | +492.2% |
| Cash at bank and in hand | 54/58 | €7,015 | €12,412 | +€5,397 | +76.9% |
| Deferred charges and accrued income | 490/1 | €3,281 | €3,281 | = | 0.0% |
| Total equity and liabilities | 10/49 | €162,593 | €225,010 | +€62,416 | +38.4% |
| Equity | 10/15 | €5,186 | €18,709 | +€13,523 | +260.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,814 | -€291 | +€13,523 | +97.9% |
| Amounts payable | 17/49 | €157,407 | €206,300 | +€48,893 | +31.1% |
| Amounts payable after more than one year | 17 | €10,570 | €10,570 | = | 0.0% |
| Financial debts | 170/4 | €10,570 | €10,570 | = | 0.0% |
| Amounts payable within one year | 42/48 | €146,837 | €195,730 | +€48,893 | +33.3% |
| Trade debts | 44 | €27,454 | €53,280 | +€25,826 | +94.1% |
| Suppliers | 440/4 | €27,454 | €53,280 | +€25,826 | +94.1% |
| Taxes, remuneration and social security | 45 | €0 | €30,892 | +€30,892 | |
| Taxes | 450/3 | - | €2,892 | +€2,892 | |
| Remuneration and social security | 454/9 | €0 | €28,000 | +€28,000 | |
| Other amounts payable | 47/48 | €119,383 | €111,558 | -€7,824 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,687 | €17,596 | +€6,909 | +64.6% |
| Other operating charges | 640/8 | €1,263 | €2,091 | +€827 | +65.5% |
| Gross operating margin | 9900 | €36,856 | €36,642 | -€214 | -0.6% |
| Operating profit (loss) | 9901 | €24,906 | €16,956 | -€7,950 | -31.9% |
| Financial charges | 65/66B | €1,312 | €541 | -€771 | -58.8% |
| Recurring financial charges | 65 | €353 | €144 | -€208 | -59.1% |
| Non-recurring financial charges | 66B | €960 | €396 | -€563 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €23,594 | €16,415 | -€7,179 | -30.4% |
| Income taxes | 67/77 | - | €2,892 | +€2,892 | |
| Profit (loss) for the period | 9904 | €23,594 | €13,523 | -€10,071 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,594 | €13,523 | -€10,071 | -42.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.