DE WINGERD: 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.
DE WINGERD
Largest movements
- Cash +€46,735
up €46,735 (+28.2%), from €165,515 to €212,250
mainly Net result for the year (+€43,544) and Depreciation (+€20,691)
- Tangible fixed assets -€20,691
down €20,691 (-12.4%), from €167,291 to €146,600
of which Land and buildings: -€16,848
- Reserves +€41,744
up €41,744 (+21.4%), from €195,207 to €236,952
of which Distributable reserves: +€41,744
- Debts after one year -€20,680
down €20,680 (-5.7%), from €363,214 to €342,534
of which Financial debts: -€20,680
- Other debts +€10,534
up €10,534 (+50.4%), from €20,888 to €31,422
- Trade debts -€8,397
down €8,397 (-22.3%), from €37,615 to €29,218
- Financial income +€15,325
up €15,325 (+295.0%), from €5,196 to €20,521
- Taxes +€5,135
up €5,135 (+44.0%), from €11,662 to €16,797
- Other operating charges -€4,634
down €4,634 (-10.5%), from €44,157 to €39,522
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 | €689,931 | €715,706 | +€25,775 | +3.7% |
| Fixed assets | 21/28 | €168,041 | €147,350 | -€20,691 | -12.3% |
| Tangible fixed assets | 22/27 | €167,291 | €146,600 | -€20,691 | -12.4% |
| Land and buildings | 22 | €160,290 | €143,441 | -€16,848 | -10.5% |
| Plant, machinery and equipment | 23 | €7,001 | €3,158 | -€3,843 | -54.9% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €521,890 | €568,356 | +€46,466 | +8.9% |
| Stocks and contracts in progress | 3 | €101,606 | €103,137 | +€1,531 | +1.5% |
| Stocks | 30/36 | €101,606 | €103,137 | +€1,531 | +1.5% |
| Amounts receivable within one year | 40/41 | €28,450 | €25,958 | -€2,492 | -8.8% |
| Trade receivables | 40 | €26,095 | €25,603 | -€492 | -1.9% |
| Other amounts receivable | 41 | €2,355 | €355 | -€2,000 | -84.9% |
| Current investments | 50/53 | €222,764 | €223,935 | +€1,172 | +0.5% |
| Cash at bank and in hand | 54/58 | €165,515 | €212,250 | +€46,735 | +28.2% |
| Deferred charges and accrued income | 490/1 | €3,555 | €3,076 | -€480 | -13.5% |
| Total equity and liabilities | 10/49 | €689,931 | €715,706 | +€25,775 | +3.7% |
| Equity | 10/15 | €213,807 | €255,552 | +€41,744 | +19.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €195,207 | €236,952 | +€41,744 | +21.4% |
| Tax-exempt reserves | 132 | €9,848 | €9,848 | = | 0.0% |
| Distributable reserves | 133 | €185,359 | €227,103 | +€41,744 | +22.5% |
| Amounts payable | 17/49 | €476,123 | €460,154 | -€15,969 | -3.4% |
| Amounts payable after more than one year | 17 | €363,214 | €342,534 | -€20,680 | -5.7% |
| Financial debts | 170/4 | €78,214 | €57,534 | -€20,680 | -26.4% |
| Other amounts payable | 178/9 | €285,000 | €285,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €96,635 | €100,226 | +€3,591 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €20,402 | €20,680 | +€277 | +1.4% |
| Trade debts | 44 | €37,615 | €29,218 | -€8,397 | -22.3% |
| Suppliers | 440/4 | €37,615 | €29,218 | -€8,397 | -22.3% |
| Taxes, remuneration and social security | 45 | €17,729 | €18,906 | +€1,177 | +6.6% |
| Taxes | 450/3 | €17,729 | €18,906 | +€1,177 | +6.6% |
| Other amounts payable | 47/48 | €20,888 | €31,422 | +€10,534 | +50.4% |
| Accrued charges and deferred income | 492/3 | €16,275 | €17,394 | +€1,119 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,562 | €20,691 | -€871 | -4.0% |
| Other operating charges | 640/8 | €44,157 | €39,522 | -€4,634 | -10.5% |
| Gross operating margin | 9900 | €116,851 | €116,836 | -€15 | 0.0% |
| Operating profit (loss) | 9901 | €51,132 | €56,623 | +€5,490 | +10.7% |
| Financial income | 75/76B | €5,196 | €20,521 | +€15,325 | +295.0% |
| Recurring financial income | 75 | €5,196 | €20,521 | +€15,325 | +295.0% |
| Financial charges | 65/66B | €17,157 | €16,802 | -€354 | -2.1% |
| Recurring financial charges | 65 | €17,157 | €16,802 | -€354 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €39,171 | €60,341 | +€21,170 | +54.0% |
| Income taxes | 67/77 | €11,662 | €16,797 | +€5,135 | +44.0% |
| Profit (loss) for the period | 9904 | €27,510 | €43,544 | +€16,035 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,510 | €43,544 | +€16,035 | +58.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.