BeWings: 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.
BeWings
Largest movements
- Tangible fixed assets +€18,048
up €18,048 (+530.7%), from €3,401 to €21,449
of which Other tangible fixed assets: +€18,853
- Cash +€9,389
up €9,389 (+5.3%), from €176,659 to €186,048
mainly Net result for the year (+€135,009) and Trade debts (+€3,574)
- Reserves +€27,867
up €27,867 (+66.9%), from €41,671 to €69,538
- Tax, wage and social debts -€6,630
down €6,630 (-7.0%), from €94,373 to €87,743
of which Taxes: -€8,018
- Trade debts +€3,574
up €3,574 (+242.2%), from €1,476 to €5,049
- Gross operating margin -€20,047
down €20,047 (-10.2%), from €196,774 to €176,727
- Taxes -€4,794
down €4,794 (-10.9%), from €44,169 to €39,375
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 | €222,520 | €248,803 | +€26,283 | +11.8% |
| Fixed assets | 21/28 | €3,401 | €21,449 | +€18,048 | +530.7% |
| Tangible fixed assets | 22/27 | €3,401 | €21,449 | +€18,048 | +530.7% |
| Plant, machinery and equipment | 23 | €3,401 | €2,596 | -€805 | -23.7% |
| Other tangible fixed assets | 26 | - | €18,853 | +€18,853 | |
| Current assets | 29/58 | €219,119 | €227,354 | +€8,235 | +3.8% |
| Amounts receivable within one year | 40/41 | €38,672 | €38,012 | -€660 | -1.7% |
| Trade receivables | 40 | €33,774 | €37,825 | +€4,051 | +12.0% |
| Other amounts receivable | 41 | €4,898 | €187 | -€4,711 | -96.2% |
| Cash at bank and in hand | 54/58 | €176,659 | €186,048 | +€9,389 | +5.3% |
| Deferred charges and accrued income | 490/1 | €3,789 | €3,294 | -€495 | -13.1% |
| Total equity and liabilities | 10/49 | €222,520 | €248,803 | +€26,283 | +11.8% |
| Equity | 10/15 | €51,671 | €79,538 | +€27,867 | +53.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | - | -€10,000 | |
| Issued capital | 100 | €10,000 | - | -€10,000 | |
| Outside capital | 11 | - | €10,000 | +€10,000 | |
| Other | 1109/19 | - | €10,000 | +€10,000 | |
| Reserves | 13 | €41,671 | €69,538 | +€27,867 | +66.9% |
| Distributable reserves | 133 | €41,671 | €69,538 | +€27,867 | +66.9% |
| Amounts payable | 17/49 | €170,849 | €169,265 | -€1,583 | -0.9% |
| Amounts payable within one year | 42/48 | €170,849 | €169,265 | -€1,583 | -0.9% |
| Trade debts | 44 | €1,476 | €5,049 | +€3,574 | +242.2% |
| Suppliers | 440/4 | €1,476 | €5,049 | +€3,574 | +242.2% |
| Taxes, remuneration and social security | 45 | €94,373 | €87,743 | -€6,630 | -7.0% |
| Taxes | 450/3 | €92,373 | €84,355 | -€8,018 | -8.7% |
| Remuneration and social security | 454/9 | €2,000 | €3,388 | +€1,388 | +69.4% |
| Other amounts payable | 47/48 | €75,000 | €76,473 | +€1,473 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,240 | €1,920 | -€320 | -14.3% |
| Other operating charges | 640/8 | €1,514 | €382 | -€1,132 | -74.8% |
| Gross operating margin | 9900 | €196,774 | €176,727 | -€20,047 | -10.2% |
| Operating profit (loss) | 9901 | €193,020 | €174,425 | -€18,595 | -9.6% |
| Financial income | 75/76B | €149 | €0 | -€149 | -99.9% |
| Recurring financial income | 75 | €149 | €0 | -€149 | -99.9% |
| Financial charges | 65/66B | €186 | €40 | -€145 | -78.3% |
| Recurring financial charges | 65 | €186 | €40 | -€145 | -78.3% |
| Profit (loss) for the period before taxes | 9903 | €192,983 | €174,385 | -€18,599 | -9.6% |
| Income taxes | 67/77 | €44,169 | €39,375 | -€4,794 | -10.9% |
| Profit (loss) for the period | 9904 | €148,814 | €135,009 | -€13,805 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €148,814 | €135,009 | -€13,805 | -9.3% |
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 2 October 2026 via checked.be.