ZONWERING - WINKEL: 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.
ZONWERING - WINKEL
Largest movements
- Receivables within one year +€109,244
up €109,244 (+156%), from €69,871 to €179,115
of which Other amounts receivable: +€88,644
- Tangible fixed assets -€42,217
down €42,217 (-6.0%), from €706,115 to €663,898
of which Land and buildings: -€32,976
- Stocks and contracts -€22,504
down €22,504 (-63.3%), from €35,552 to €13,048
- Cash -€17,282
down €17,282 (-5.8%), from €296,104 to €278,821
mainly Receivables within one year (-€109,244) and Debts after one year (-€21,583)
- Tax, wage and social debts +€25,958
up €25,958 (+68.2%), from €38,055 to €64,013
of which Taxes: +€25,184
- Debts after one year -€21,583
down €21,583 (-3.9%), from €552,198 to €530,615
- Reserves +€17,387
up €17,387 (+4.6%), from €378,227 to €395,614
of which Distributable reserves: +€17,387
- Taxes +€11,651
up €11,651 (+113%), from €10,331 to €21,982
- Depreciation -€5,801
down €5,801 (-9.8%), from €59,133 to €53,332
- Gross operating margin +€4,515
up €4,515 (+1.9%), from €231,736 to €236,251
- Staff costs +€4,235
up €4,235 (+3.9%), from €108,859 to €113,094
- Financial income +€3,540
up €3,540 (+206%), from €1,722 to €5,262
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 | €1,113,609 | €1,142,464 | +€28,855 | +2.6% |
| Fixed assets | 21/28 | €706,115 | €663,948 | -€42,167 | -6.0% |
| Tangible fixed assets | 22/27 | €706,115 | €663,898 | -€42,217 | -6.0% |
| Land and buildings | 22 | €671,592 | €638,616 | -€32,976 | -4.9% |
| Plant, machinery and equipment | 23 | €14,322 | €11,869 | -€2,453 | -17.1% |
| Furniture and vehicles | 24 | €17,793 | €13,413 | -€4,380 | -24.6% |
| Leasing and similar rights | 25 | €2,408 | - | -€2,408 | |
| Financial fixed assets | 28 | - | €50 | +€50 | |
| Current assets | 29/58 | €407,494 | €478,516 | +€71,022 | +17.4% |
| Stocks and contracts in progress | 3 | €35,552 | €13,048 | -€22,504 | -63.3% |
| Stocks | 30/36 | €35,552 | €13,048 | -€22,504 | -63.3% |
| Amounts receivable within one year | 40/41 | €69,871 | €179,115 | +€109,244 | +156% |
| Trade receivables | 40 | €18,375 | €38,975 | +€20,600 | +112% |
| Other amounts receivable | 41 | €51,496 | €140,141 | +€88,644 | +172% |
| Cash at bank and in hand | 54/58 | €296,104 | €278,821 | -€17,282 | -5.8% |
| Deferred charges and accrued income | 490/1 | €5,967 | €7,531 | +€1,564 | +26.2% |
| Total equity and liabilities | 10/49 | €1,113,609 | €1,142,464 | +€28,855 | +2.6% |
| Equity | 10/15 | €421,580 | €438,967 | +€17,387 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €378,227 | €395,614 | +€17,387 | +4.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €376,367 | €393,754 | +€17,387 | +4.6% |
| Profit (loss) carried forward | 14 | €24,753 | €24,753 | = | 0.0% |
| Amounts payable | 17/49 | €692,029 | €703,497 | +€11,468 | +1.7% |
| Amounts payable after more than one year | 17 | €552,198 | €530,615 | -€21,583 | -3.9% |
| Financial debts | 170/4 | €552,198 | €530,615 | -€21,583 | -3.9% |
| Amounts payable within one year | 42/48 | €138,046 | €170,760 | +€32,714 | +23.7% |
| Current portion of amounts payable after more than one year | 42 | €23,007 | €21,583 | -€1,424 | -6.2% |
| Trade debts | 44 | €76,984 | €85,164 | +€8,180 | +10.6% |
| Suppliers | 440/4 | €76,984 | €85,164 | +€8,180 | +10.6% |
| Taxes, remuneration and social security | 45 | €38,055 | €64,013 | +€25,958 | +68.2% |
| Taxes | 450/3 | €15,420 | €40,604 | +€25,184 | +163% |
| Remuneration and social security | 454/9 | €22,635 | €23,409 | +€774 | +3.4% |
| Accrued charges and deferred income | 492/3 | €1,784 | €2,121 | +€337 | +18.9% |
| Remuneration, social security and pensions | 62 | €108,859 | €113,094 | +€4,235 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,133 | €53,332 | -€5,801 | -9.8% |
| Other operating charges | 640/8 | €8,182 | €8,288 | +€106 | +1.3% |
| Non-recurring operating charges | 66A | - | €202 | +€202 | |
| Gross operating margin | 9900 | €231,736 | €236,251 | +€4,515 | +1.9% |
| Operating profit (loss) | 9901 | €55,562 | €61,335 | +€5,773 | +10.4% |
| Financial income | 75/76B | €1,722 | €5,262 | +€3,540 | +206% |
| Recurring financial income | 75 | €1,722 | €5,262 | +€3,540 | +206% |
| Financial charges | 65/66B | €28,760 | €27,228 | -€1,532 | -5.3% |
| Recurring financial charges | 65 | €28,760 | €27,228 | -€1,532 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €28,524 | €39,369 | +€10,845 | +38.0% |
| Income taxes | 67/77 | €10,331 | €21,982 | +€11,651 | +113% |
| Profit (loss) for the period | 9904 | €18,192 | €17,387 | -€806 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,192 | €17,387 | -€806 | -4.4% |
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 29 October 2026 via checked.be.