WINLAB: what changed
WINLAB
Largest movements
- Cash +€81,586
up €81,586 (+78.4%), from €104,011 to €185,597
mainly Other debts (+€762,663) and Net result for the year (+€165,664)
- Current investments +€57,782
up €57,782 (+8.2%), from €708,411 to €766,194
- Other debts +€762,663
new in 2025: €762,663
- Profit (loss) carried forward -€749,998
down €749,998 (-98.3%), from €762,663 to €12,664
- Reserves +€153,000
new in 2025: €153,000
- Tax, wage and social debts -€23,332
down €23,332 (-47.4%), from €49,202 to €25,870
- Financial income +€30,931
up €30,931 (+166%), from €18,688 to €49,619
- Taxes +€26,610
up €26,610 (+58.7%), from €45,360 to €71,970
- Gross operating margin -€5,456
down €5,456 (-2.7%), from €204,201 to €198,745
- Financial charges +€3,734
up €3,734 (+70.7%), from €5,279 to €9,013
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 | €816,928 | €959,478 | +€142,550 | +17.4% |
| Fixed assets | 21/28 | €2,151 | €1,774 | -€377 | -17.5% |
| Tangible fixed assets | 22/27 | €2,151 | €1,774 | -€377 | -17.5% |
| Furniture and vehicles | 24 | €2,151 | €1,774 | -€377 | -17.5% |
| Current assets | 29/58 | €814,777 | €957,704 | +€142,927 | +17.5% |
| Amounts receivable within one year | 40/41 | €2,355 | €5,913 | +€3,558 | +151% |
| Trade receivables | 40 | €705 | €520 | -€185 | -26.2% |
| Other amounts receivable | 41 | €1,650 | €5,393 | +€3,743 | +227% |
| Current investments | 50/53 | €708,411 | €766,194 | +€57,782 | +8.2% |
| Cash at bank and in hand | 54/58 | €104,011 | €185,597 | +€81,586 | +78.4% |
| Total equity and liabilities | 10/49 | €816,928 | €959,478 | +€142,550 | +17.4% |
| Equity | 10/15 | €767,663 | €170,664 | -€596,998 | -77.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €153,000 | +€153,000 | |
| Distributable reserves | 133 | - | €153,000 | +€153,000 | |
| Profit (loss) carried forward | 14 | €762,663 | €12,664 | -€749,998 | -98.3% |
| Amounts payable | 17/49 | €49,265 | €788,814 | +€739,548 | +1,501% |
| Amounts payable within one year | 42/48 | €49,265 | €788,814 | +€739,548 | +1,501% |
| Trade debts | 44 | €64 | €281 | +€217 | +341% |
| Suppliers | 440/4 | €64 | €281 | +€217 | +341% |
| Taxes, remuneration and social security | 45 | €49,202 | €25,870 | -€23,332 | -47.4% |
| Taxes | 450/3 | €49,202 | €25,870 | -€23,332 | -47.4% |
| Other amounts payable | 47/48 | - | €762,663 | +€762,663 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,050 | €1,107 | +€57 | +5.5% |
| Other operating charges | 640/8 | €387 | €609 | +€222 | +57.3% |
| Gross operating margin | 9900 | €204,201 | €198,745 | -€5,456 | -2.7% |
| Operating profit (loss) | 9901 | €202,764 | €197,029 | -€5,735 | -2.8% |
| Financial income | 75/76B | €18,688 | €49,619 | +€30,931 | +166% |
| Recurring financial income | 75 | €18,688 | €49,619 | +€30,931 | +166% |
| Financial charges | 65/66B | €5,279 | €9,013 | +€3,734 | +70.7% |
| Recurring financial charges | 65 | €5,279 | €9,013 | +€3,734 | +70.7% |
| Profit (loss) for the period before taxes | 9903 | €216,173 | €237,635 | +€21,461 | +9.9% |
| Income taxes | 67/77 | €45,360 | €71,970 | +€26,610 | +58.7% |
| Profit (loss) for the period | 9904 | €170,813 | €165,664 | -€5,149 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €170,813 | €165,664 | -€5,149 | -3.0% |
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 4 November 2026 via checked.be.