EUROWING: 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.
EUROWING
Largest movements
- Stocks and contracts -€8,349
down €8,349 (-18.1%), from €46,150 to €37,801
- Receivables within one year -€4,934
down €4,934 (-9.0%), from €54,739 to €49,805
of which Trade receivables: -€5,628
- Cash -€4,363
down €4,363 (-10.7%), from €40,734 to €36,371
mainly Net result for the year (-€25,269) and Tax, wage and social debts (-€2,709)
- Deferred charges and accrued income -€2,650
down €2,650 (-66.6%), from €3,978 to €1,329
- Profit (loss) carried forward -€25,269
down €25,269 (-54.2%), from €46,608 to €21,338
- Other debts +€7,751
up €7,751 (+70.1%), from €11,062 to €18,813
- Tax, wage and social debts -€2,709
down €2,709 (-57.7%), from €4,696 to €1,987
- Gross operating margin -€32,996
down €32,996, from €21,125 to -€11,871
- Financial charges +€4,933
up €4,933 (+103%), from €4,802 to €9,735
- Taxes -€1,488
down €1,488 (-91.3%), from €1,628 to €141
- Other operating charges -€993
down €993 (-19.0%), from €5,220 to €4,226
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.
Derived cash bridge
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 | €146,518 | €126,224 | -€20,295 | -13.9% |
| Fixed assets | 21/28 | €918 | €918 | = | 0.0% |
| Financial fixed assets | 28 | €918 | €918 | = | 0.0% |
| Current assets | 29/58 | €145,601 | €125,306 | -€20,295 | -13.9% |
| Stocks and contracts in progress | 3 | €46,150 | €37,801 | -€8,349 | -18.1% |
| Stocks | 30/36 | €46,150 | €37,801 | -€8,349 | -18.1% |
| Amounts receivable within one year | 40/41 | €54,739 | €49,805 | -€4,934 | -9.0% |
| Trade receivables | 40 | €53,465 | €47,836 | -€5,628 | -10.5% |
| Other amounts receivable | 41 | €1,274 | €1,969 | +€694 | +54.5% |
| Cash at bank and in hand | 54/58 | €40,734 | €36,371 | -€4,363 | -10.7% |
| Deferred charges and accrued income | 490/1 | €3,978 | €1,329 | -€2,650 | -66.6% |
| Total equity and liabilities | 10/49 | €146,518 | €126,224 | -€20,295 | -13.9% |
| Equity | 10/15 | €67,068 | €41,798 | -€25,269 | -37.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,608 | €21,338 | -€25,269 | -54.2% |
| Amounts payable | 17/49 | €79,451 | €84,425 | +€4,975 | +6.3% |
| Amounts payable within one year | 42/48 | €78,814 | €84,425 | +€5,611 | +7.1% |
| Trade debts | 44 | €63,056 | €63,625 | +€569 | +0.9% |
| Suppliers | 440/4 | €63,056 | €63,625 | +€569 | +0.9% |
| Taxes, remuneration and social security | 45 | €4,696 | €1,987 | -€2,709 | -57.7% |
| Taxes | 450/3 | €4,696 | €1,987 | -€2,709 | -57.7% |
| Other amounts payable | 47/48 | €11,062 | €18,813 | +€7,751 | +70.1% |
| Accrued charges and deferred income | 492/3 | €637 | - | -€637 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86 | - | -€86 | |
| Other operating charges | 640/8 | €5,220 | €4,226 | -€993 | -19.0% |
| Non-recurring operating charges | 66A | €1,839 | €35 | -€1,804 | -98.1% |
| Gross operating margin | 9900 | €21,125 | -€11,871 | -€32,996 | |
| Operating profit (loss) | 9901 | €13,980 | -€16,132 | -€30,112 | |
| Financial income | 75/76B | €870 | €738 | -€132 | -15.2% |
| Recurring financial income | 75 | €870 | €738 | -€132 | -15.2% |
| Financial charges | 65/66B | €4,802 | €9,735 | +€4,933 | +103% |
| Recurring financial charges | 65 | €4,802 | €9,735 | +€4,933 | +103% |
| Profit (loss) for the period before taxes | 9903 | €10,049 | -€25,129 | -€35,177 | |
| Income taxes | 67/77 | €1,628 | €141 | -€1,488 | -91.3% |
| Profit (loss) for the period | 9904 | €8,420 | -€25,269 | -€33,690 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,420 | -€25,269 | -€33,690 |
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 17 October 2026 via checked.be.