WINDEL: what changed
WINDEL
Largest movements
- Cash +€10,200
up €10,200 (+9.7%), from €105,553 to €115,753
mainly Depreciation (+€7,992) and Net result for the year (+€3,516)
- Tangible fixed assets -€3,603
down €3,603 (-3.5%), from €104,260 to €100,658
- Receivables within one year -€2,600
down €2,600 (-100%), from €2,600 to €0
- Profit (loss) carried forward +€3,516
up €3,516 (+13.1%), from €26,749 to €30,265
- Gross operating margin -€2,263
down €2,263 (-9.6%), from €23,613 to €21,351
- Taxes -€773
down €773 (-37.8%), from €2,046 to €1,273
- Depreciation +€381
up €381 (+5.0%), from €7,611 to €7,992
- Other operating charges +€262
up €262 (+3.1%), from €8,518 to €8,780
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 | €213,721 | €216,410 | +€2,689 | +1.3% |
| Fixed assets | 21/28 | €104,260 | €100,658 | -€3,603 | -3.5% |
| Tangible fixed assets | 22/27 | €104,260 | €100,658 | -€3,603 | -3.5% |
| Land and buildings | 22 | €104,260 | €100,658 | -€3,603 | -3.5% |
| Current assets | 29/58 | €109,461 | €115,753 | +€6,292 | +5.7% |
| Amounts receivable within one year | 40/41 | €2,600 | €0 | -€2,600 | -100% |
| Other amounts receivable | 41 | €2,600 | €0 | -€2,600 | -100% |
| Cash at bank and in hand | 54/58 | €105,553 | €115,753 | +€10,200 | +9.7% |
| Deferred charges and accrued income | 490/1 | €1,308 | €0 | -€1,308 | -100% |
| Total equity and liabilities | 10/49 | €213,721 | €216,410 | +€2,689 | +1.3% |
| Equity | 10/15 | €211,693 | €215,209 | +€3,516 | +1.7% |
| Contributions | 10/11 | €124,215 | €124,215 | = | 0.0% |
| Capital | 10 | €124,215 | €124,215 | = | 0.0% |
| Issued capital | 100 | €124,215 | €124,215 | = | 0.0% |
| Reserves | 13 | €60,729 | €60,729 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,697 | €6,697 | = | 0.0% |
| Legal reserve | 130 | €6,697 | €6,697 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,585 | €15,585 | = | 0.0% |
| Distributable reserves | 133 | €38,447 | €38,447 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,749 | €30,265 | +€3,516 | +13.1% |
| Amounts payable | 17/49 | €2,028 | €1,201 | -€827 | -40.8% |
| Amounts payable within one year | 42/48 | €2,028 | €1,201 | -€827 | -40.8% |
| Taxes, remuneration and social security | 45 | €2,028 | €1,201 | -€827 | -40.8% |
| Taxes | 450/3 | €2,028 | €1,201 | -€827 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,611 | €7,992 | +€381 | +5.0% |
| Other operating charges | 640/8 | €8,518 | €8,780 | +€262 | +3.1% |
| Gross operating margin | 9900 | €23,613 | €21,351 | -€2,263 | -9.6% |
| Operating profit (loss) | 9901 | €7,484 | €4,579 | -€2,905 | -38.8% |
| Financial income | 75/76B | €60 | €240 | +€181 | +304% |
| Recurring financial income | 75 | €60 | €240 | +€181 | +304% |
| Financial charges | 65/66B | €30 | €30 | +€0 | +0.9% |
| Recurring financial charges | 65 | €30 | €30 | +€0 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €7,513 | €4,789 | -€2,724 | -36.3% |
| Income taxes | 67/77 | €2,046 | €1,273 | -€773 | -37.8% |
| Profit (loss) for the period | 9904 | €5,467 | €3,516 | -€1,952 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,467 | €3,516 | -€1,952 | -35.7% |
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.