iWings: 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.
iWings
Largest movements
- Cash +€74,797
up €74,797 (+137%), from €54,560 to €129,357
mainly Net result for the year (+€79,118) and Receivables within one year (+€60,271)
- Receivables within one year -€60,271
down €60,271 (-64.8%), from €93,032 to €32,760
of which Trade receivables: -€60,325
- Tangible fixed assets +€2,882
up €2,882 (+101%), from €2,858 to €5,740
of which Plant, machinery and equipment: +€3,366
- Profit (loss) carried forward +€19,118
up €19,118 (+18.2%), from €104,781 to €123,899
- Tax, wage and social debts -€10,549
down €10,549 (-26.1%), from €40,492 to €29,943
of which Remuneration and social security: -€21,195
- Other debts +€5,963
new in 2025: €5,963
- Accrued charges and deferred income +€2,015
up €2,015 (+171%), from €1,177 to €3,192
- Gross operating margin -€3,014
down €3,014 (-2.7%), from €110,050 to €107,036
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 | €150,450 | €167,858 | +€17,408 | +11.6% |
| Fixed assets | 21/28 | €2,858 | €5,740 | +€2,882 | +101% |
| Tangible fixed assets | 22/27 | €2,858 | €5,740 | +€2,882 | +101% |
| Plant, machinery and equipment | 23 | €1,781 | €5,147 | +€3,366 | +189% |
| Furniture and vehicles | 24 | €1,077 | €594 | -€484 | -44.9% |
| Current assets | 29/58 | €147,592 | €162,118 | +€14,526 | +9.8% |
| Amounts receivable within one year | 40/41 | €93,032 | €32,760 | -€60,271 | -64.8% |
| Trade receivables | 40 | €84,116 | €23,791 | -€60,325 | -71.7% |
| Other amounts receivable | 41 | €8,916 | €8,969 | +€54 | +0.6% |
| Cash at bank and in hand | 54/58 | €54,560 | €129,357 | +€74,797 | +137% |
| Total equity and liabilities | 10/49 | €150,450 | €167,858 | +€17,408 | +11.6% |
| Equity | 10/15 | €108,781 | €127,899 | +€19,118 | +17.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,781 | €123,899 | +€19,118 | +18.2% |
| Amounts payable | 17/49 | €41,668 | €39,959 | -€1,709 | -4.1% |
| Amounts payable within one year | 42/48 | €40,492 | €36,767 | -€3,724 | -9.2% |
| Trade debts | 44 | - | €862 | +€862 | |
| Suppliers | 440/4 | - | €862 | +€862 | |
| Taxes, remuneration and social security | 45 | €40,492 | €29,943 | -€10,549 | -26.1% |
| Taxes | 450/3 | €19,297 | €29,943 | +€10,646 | +55.2% |
| Remuneration and social security | 454/9 | €21,195 | - | -€21,195 | |
| Other amounts payable | 47/48 | - | €5,963 | +€5,963 | |
| Accrued charges and deferred income | 492/3 | €1,177 | €3,192 | +€2,015 | +171% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,690 | €1,685 | -€6 | -0.3% |
| Other operating charges | 640/8 | €1,053 | €694 | -€359 | -34.1% |
| Gross operating margin | 9900 | €110,050 | €107,036 | -€3,014 | -2.7% |
| Operating profit (loss) | 9901 | €107,307 | €104,657 | -€2,650 | -2.5% |
| Financial charges | 65/66B | €2,957 | €2,628 | -€330 | -11.2% |
| Recurring financial charges | 65 | €2,957 | €2,628 | -€330 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €104,349 | €102,029 | -€2,320 | -2.2% |
| Income taxes | 67/77 | €23,607 | €22,911 | -€696 | -2.9% |
| Profit (loss) for the period | 9904 | €80,742 | €79,118 | -€1,624 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,742 | €79,118 | -€1,624 | -2.0% |
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 15 October 2026 via checked.be.