Building Wings: 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.
Building Wings
Largest movements
- Stocks and contracts -€274,734
down €274,734 (-29.1%), from €945,100 to €670,366
- Cash -€179,002
down €179,002 (-98.4%), from €181,832 to €2,830
mainly Short-term financial debts (-€418,337) and Receivables within one year (-€100,907)
- Receivables within one year +€100,907
up €100,907 (+109.5%), from €92,175 to €193,082
- Short-term financial debts -€418,337
down €418,337 (-91.1%), from €459,440 to €41,103
- Reserves +€97,000
up €97,000 (+17.7%), from €546,860 to €643,860
of which Distributable reserves: +€97,000
- Trade debts -€46,857
down €46,857 (-66.5%), from €70,510 to €23,653
- Tax, wage and social debts +€23,304
up €23,304 (+997.1%), from €2,337 to €25,641
- Gross operating margin +€49,208
up €49,208 (+46.7%), from €105,433 to €154,641
- Financial charges +€8,358
up €8,358 (+48.7%), from €17,172 to €25,530
- Taxes +€7,269
up €7,269 (+27.0%), from €26,958 to €34,227
- Financial income -€6,167
down €6,167 (-31.8%), from €19,375 to €13,208
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 | €1,249,092 | €892,762 | -€356,330 | -28.5% |
| Fixed assets | 21/28 | €29,025 | €19,289 | -€9,735 | -33.5% |
| Tangible fixed assets | 22/27 | €29,025 | €19,289 | -€9,735 | -33.5% |
| Plant, machinery and equipment | 23 | €29,025 | €19,289 | -€9,735 | -33.5% |
| Current assets | 29/58 | €1,220,067 | €873,472 | -€346,595 | -28.4% |
| Stocks and contracts in progress | 3 | €945,100 | €670,366 | -€274,734 | -29.1% |
| Stocks | 30/36 | €945,100 | €670,366 | -€274,734 | -29.1% |
| Amounts receivable within one year | 40/41 | €92,175 | €193,082 | +€100,907 | +109.5% |
| Other amounts receivable | 41 | €92,175 | €193,082 | +€100,907 | +109.5% |
| Cash at bank and in hand | 54/58 | €181,832 | €2,830 | -€179,002 | -98.4% |
| Deferred charges and accrued income | 490/1 | €960 | €7,195 | +€6,234 | +649.1% |
| Total equity and liabilities | 10/49 | €1,249,092 | €892,762 | -€356,330 | -28.5% |
| Equity | 10/15 | €560,109 | €657,889 | +€97,780 | +17.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €546,860 | €643,860 | +€97,000 | +17.7% |
| 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 | €545,000 | €642,000 | +€97,000 | +17.8% |
| Profit (loss) carried forward | 14 | €849 | €1,629 | +€780 | +92.0% |
| Amounts payable | 17/49 | €688,984 | €234,873 | -€454,111 | -65.9% |
| Amounts payable after more than one year | 17 | €19,067 | €10,267 | -€8,800 | -46.2% |
| Financial debts | 170/4 | €19,067 | €10,267 | -€8,800 | -46.2% |
| Amounts payable within one year | 42/48 | €668,260 | €223,027 | -€445,234 | -66.6% |
| Current portion of amounts payable after more than one year | 42 | €8,800 | €8,800 | = | 0.0% |
| Financial debts | 43 | €459,440 | €41,103 | -€418,337 | -91.1% |
| Credit institutions | 430/8 | €459,440 | €41,103 | -€418,337 | -91.1% |
| Trade debts | 44 | €70,510 | €23,653 | -€46,857 | -66.5% |
| Suppliers | 440/4 | €70,510 | €23,653 | -€46,857 | -66.5% |
| Taxes, remuneration and social security | 45 | €2,337 | €25,641 | +€23,304 | +997.1% |
| Taxes | 450/3 | €2,337 | €25,641 | +€23,304 | +997.1% |
| Other amounts payable | 47/48 | €127,173 | €123,830 | -€3,343 | -2.6% |
| Accrued charges and deferred income | 492/3 | €1,657 | €1,579 | -€77 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,735 | €9,735 | = | 0.0% |
| Other operating charges | 640/8 | €585 | €577 | -€8 | -1.3% |
| Gross operating margin | 9900 | €105,433 | €154,641 | +€49,208 | +46.7% |
| Operating profit (loss) | 9901 | €95,113 | €144,328 | +€49,216 | +51.7% |
| Financial income | 75/76B | €19,375 | €13,208 | -€6,167 | -31.8% |
| Recurring financial income | 75 | €19,375 | €13,208 | -€6,167 | -31.8% |
| Financial charges | 65/66B | €17,172 | €25,530 | +€8,358 | +48.7% |
| Recurring financial charges | 65 | €17,172 | €25,530 | +€8,358 | +48.7% |
| Profit (loss) for the period before taxes | 9903 | €97,316 | €132,007 | +€34,691 | +35.6% |
| Income taxes | 67/77 | €26,958 | €34,227 | +€7,269 | +27.0% |
| Profit (loss) for the period | 9904 | €70,358 | €97,780 | +€27,422 | +39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €70,358 | €97,780 | +€27,422 | +39.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.