Wynstaaf: 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.
Wynstaaf
Largest movements
- Receivables after one year +€100,415
new in 2025: €100,415
- Receivables within one year -€28,376
down €28,376 (-39.4%), from €72,003 to €43,627
of which Other amounts receivable: -€40,007
- Tangible fixed assets -€15,861
down €15,861 (-16.6%), from €95,336 to €79,475
of which Other tangible fixed assets: -€8,351
- Stocks and contracts -€10,542
down €10,542 (-24.0%), from €43,940 to €33,398
- Cash -€10,261
down €10,261 (-18.2%), from €56,238 to €45,977
mainly Receivables after one year (-€100,415) and Trade debts (-€11,974)
- Reserves +€38,543
up €38,543 (+65.1%), from €59,220 to €97,763
- Tax, wage and social debts +€21,304
up €21,304 (+57.2%), from €37,260 to €58,564
of which Taxes: +€19,058
- Trade debts -€11,974
down €11,974 (-11.6%), from €103,329 to €91,356
- Current portion of long-term debt -€11,275
down €11,275 (-49.3%), from €22,848 to €11,574
- Gross operating margin +€127,881
up €127,881 (+70.5%), from €181,505 to €309,386
- Staff costs +€110,219
up €110,219 (+101.9%), from €108,161 to €218,380
- Depreciation +€6,744
up €6,744 (+63.6%), from €10,598 to €17,342
- Financial charges +€6,610
up €6,610 (+134.6%), from €4,910 to €11,520
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 | €273,043 | €310,813 | +€37,770 | +13.8% |
| Fixed assets | 21/28 | €100,459 | €87,268 | -€13,191 | -13.1% |
| Intangible fixed assets | 21 | €1,623 | €1,293 | -€330 | -20.3% |
| Tangible fixed assets | 22/27 | €95,336 | €79,475 | -€15,861 | -16.6% |
| Plant, machinery and equipment | 23 | €38,779 | €31,270 | -€7,510 | -19.4% |
| Other tangible fixed assets | 26 | €56,557 | €48,206 | -€8,351 | -14.8% |
| Financial fixed assets | 28 | €3,500 | €6,500 | +€3,000 | +85.7% |
| Current assets | 29/58 | €172,585 | €223,545 | +€50,961 | +29.5% |
| Amounts receivable after more than one year | 29 | - | €100,415 | +€100,415 | |
| Other amounts receivable | 291 | - | €100,415 | +€100,415 | |
| Stocks and contracts in progress | 3 | €43,940 | €33,398 | -€10,542 | -24.0% |
| Stocks | 30/36 | €43,940 | €33,398 | -€10,542 | -24.0% |
| Amounts receivable within one year | 40/41 | €72,003 | €43,627 | -€28,376 | -39.4% |
| Trade receivables | 40 | €2,587 | €14,219 | +€11,632 | +449.6% |
| Other amounts receivable | 41 | €69,416 | €29,408 | -€40,007 | -57.6% |
| Cash at bank and in hand | 54/58 | €56,238 | €45,977 | -€10,261 | -18.2% |
| Deferred charges and accrued income | 490/1 | €404 | €128 | -€276 | -68.2% |
| Total equity and liabilities | 10/49 | €273,043 | €310,813 | +€37,770 | +13.8% |
| Equity | 10/15 | €64,220 | €102,763 | +€38,543 | +60.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €59,220 | €97,763 | +€38,543 | +65.1% |
| Distributable reserves | 133 | €59,220 | €97,763 | +€38,543 | +65.1% |
| Amounts payable | 17/49 | €208,824 | €208,051 | -€773 | -0.4% |
| Amounts payable after more than one year | 17 | €43,193 | €43,193 | = | 0.0% |
| Financial debts | 170/4 | €43,193 | €43,193 | = | 0.0% |
| Amounts payable within one year | 42/48 | €165,631 | €164,858 | -€773 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €22,848 | €11,574 | -€11,275 | -49.3% |
| Trade debts | 44 | €103,329 | €91,356 | -€11,974 | -11.6% |
| Suppliers | 440/4 | €103,329 | €91,356 | -€11,974 | -11.6% |
| Taxes, remuneration and social security | 45 | €37,260 | €58,564 | +€21,304 | +57.2% |
| Taxes | 450/3 | €24,937 | €43,996 | +€19,058 | +76.4% |
| Remuneration and social security | 454/9 | €12,322 | €14,568 | +€2,245 | +18.2% |
| Other amounts payable | 47/48 | €2,194 | €3,365 | +€1,171 | +53.4% |
| Remuneration, social security and pensions | 62 | €108,161 | €218,380 | +€110,219 | +101.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,598 | €17,342 | +€6,744 | +63.6% |
| Other operating charges | 640/8 | €5,769 | €6,641 | +€872 | +15.1% |
| Gross operating margin | 9900 | €181,505 | €309,386 | +€127,881 | +70.5% |
| Operating profit (loss) | 9901 | €56,977 | €67,023 | +€10,047 | +17.6% |
| Financial income | 75/76B | €337 | €211 | -€126 | -37.5% |
| Recurring financial income | 75 | €337 | €211 | -€126 | -37.5% |
| Financial charges | 65/66B | €4,910 | €11,520 | +€6,610 | +134.6% |
| Recurring financial charges | 65 | €4,910 | €11,520 | +€6,610 | +134.6% |
| Profit (loss) for the period before taxes | 9903 | €52,404 | €55,714 | +€3,311 | +6.3% |
| Income taxes | 67/77 | €15,811 | €17,171 | +€1,360 | +8.6% |
| Profit (loss) for the period | 9904 | €36,593 | €38,543 | +€1,950 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,593 | €38,543 | +€1,950 | +5.3% |
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 7 October 2026 via checked.be.