WINCO: what changed
WINCO
Largest movements
- Receivables within one year -€43,363
down €43,363 (-20.8%), from €208,639 to €165,276
of which Other amounts receivable: -€62,091
- Cash -€38,291
down €38,291 (-56.1%), from €68,313 to €30,022
mainly Other debts (-€78,000) and Trade debts (-€16,221)
- Tangible fixed assets +€7,949
up €7,949 (+103%), from €7,722 to €15,671
of which Furniture and vehicles: +€5,051
- Other debts -€78,000
no longer reported in 2025 (was €78,000)
- Reserves +€24,693
up €24,693 (+88.5%), from €27,897 to €52,590
of which Distributable reserves: +€24,693
- Trade debts -€16,221
down €16,221 (-47.5%), from €34,164 to €17,943
- Tax, wage and social debts -€7,005
down €7,005 (-99.6%), from €7,032 to €27
- Gross operating margin -€64,250
down €64,250 (-63.2%), from €101,739 to €37,489
- Taxes -€13,917
down €13,917 (-51.7%), from €26,944 to €13,027
- Financial income -€2,691
down €2,691 (-29.9%), from €8,999 to €6,308
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €293,304 | €216,771 | -€76,533 | -26.1% |
| Fixed assets | 21/28 | €7,747 | €15,696 | +€7,949 | +103% |
| Tangible fixed assets | 22/27 | €7,722 | €15,671 | +€7,949 | +103% |
| Plant, machinery and equipment | 23 | €1,614 | €4,512 | +€2,898 | +180% |
| Furniture and vehicles | 24 | €6,108 | €11,159 | +€5,051 | +82.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €285,557 | €201,075 | -€84,482 | -29.6% |
| Stocks and contracts in progress | 3 | €4,285 | €4,035 | -€251 | -5.9% |
| Stocks | 30/36 | €4,285 | €4,035 | -€251 | -5.9% |
| Amounts receivable within one year | 40/41 | €208,639 | €165,276 | -€43,363 | -20.8% |
| Trade receivables | 40 | €39,701 | €58,429 | +€18,728 | +47.2% |
| Other amounts receivable | 41 | €168,938 | €106,848 | -€62,091 | -36.8% |
| Cash at bank and in hand | 54/58 | €68,313 | €30,022 | -€38,291 | -56.1% |
| Deferred charges and accrued income | 490/1 | €4,320 | €1,743 | -€2,577 | -59.7% |
| Total equity and liabilities | 10/49 | €293,304 | €216,771 | -€76,533 | -26.1% |
| Equity | 10/15 | €174,108 | €198,801 | +€24,693 | +14.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €27,897 | €52,590 | +€24,693 | +88.5% |
| Non-distributable reserves | 130/1 | €11,621 | €11,621 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,421 | €5,421 | = | 0.0% |
| Distributable reserves | 133 | €16,275 | €40,968 | +€24,693 | +152% |
| Profit (loss) carried forward | 14 | €84,211 | €84,211 | = | 0.0% |
| Amounts payable | 17/49 | €119,196 | €17,970 | -€101,226 | -84.9% |
| Amounts payable within one year | 42/48 | €119,196 | €17,970 | -€101,226 | -84.9% |
| Trade debts | 44 | €34,164 | €17,943 | -€16,221 | -47.5% |
| Suppliers | 440/4 | €34,164 | €17,943 | -€16,221 | -47.5% |
| Taxes, remuneration and social security | 45 | €7,032 | €27 | -€7,005 | -99.6% |
| Taxes | 450/3 | €7,032 | €27 | -€7,005 | -99.6% |
| Other amounts payable | 47/48 | €78,000 | - | -€78,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,002 | €3,788 | +€787 | +26.2% |
| Other operating charges | 640/8 | €1,055 | €1,579 | +€524 | +49.6% |
| Gross operating margin | 9900 | €101,739 | €37,489 | -€64,250 | -63.2% |
| Operating profit (loss) | 9901 | €97,682 | €32,122 | -€65,560 | -67.1% |
| Financial income | 75/76B | €8,999 | €6,308 | -€2,691 | -29.9% |
| Recurring financial income | 75 | €8,999 | €6,308 | -€2,691 | -29.9% |
| Financial charges | 65/66B | €1,176 | €709 | -€467 | -39.7% |
| Recurring financial charges | 65 | €1,176 | €709 | -€467 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €105,505 | €37,720 | -€67,784 | -64.2% |
| Income taxes | 67/77 | €26,944 | €13,027 | -€13,917 | -51.7% |
| Profit (loss) for the period | 9904 | €78,560 | €24,693 | -€53,867 | -68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,560 | €24,693 | -€53,867 | -68.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.