THE WING WORKSHOP: 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.
THE WING WORKSHOP
Largest movements
- Receivables after one year +€14,791
up €14,791 (+165%), from €8,976 to €23,767
of which Other amounts receivable: +€14,692
- Tangible fixed assets +€7,543
new in 2025: €7,543
- Cash -€4,481
down €4,481 (-52.6%), from €8,518 to €4,037
mainly Receivables after one year (-€14,791) and Investment in fixed assets (net) (-€9,997)
- Deferred charges and accrued income -€1,340
down €1,340 (-88.9%), from €1,508 to €168
- Reserves +€12,388
up €12,388 (+258%), from €4,793 to €17,181
- Other debts +€6,104
new in 2025: €6,104
- Accrued charges and deferred income -€2,676
no longer reported in 2025 (was €2,676)
- Tax, wage and social debts +€1,852
up €1,852 (+24.5%), from €7,560 to €9,412
of which Taxes: +€4,352
- Trade debts -€1,155
down €1,155 (-78.4%), from €1,473 to €318
- Gross operating margin +€12,313
up €12,313 (+178%), from €6,918 to €19,231
- Depreciation +€2,454
new in 2025: €2,454
- Taxes +€2,208
up €2,208 (+161%), from €1,375 to €3,583
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 | €19,002 | €35,515 | +€16,513 | +86.9% |
| Fixed assets | 21/28 | - | €7,543 | +€7,543 | |
| Tangible fixed assets | 22/27 | - | €7,543 | +€7,543 | |
| Plant, machinery and equipment | 23 | - | €7,543 | +€7,543 | |
| Current assets | 29/58 | €19,002 | €27,972 | +€8,970 | +47.2% |
| Amounts receivable after more than one year | 29 | €8,976 | €23,767 | +€14,791 | +165% |
| Trade receivables | 290 | €8,976 | €9,075 | +€99 | +1.1% |
| Other amounts receivable | 291 | - | €14,692 | +€14,692 | |
| Cash at bank and in hand | 54/58 | €8,518 | €4,037 | -€4,481 | -52.6% |
| Deferred charges and accrued income | 490/1 | €1,508 | €168 | -€1,340 | -88.9% |
| Total equity and liabilities | 10/49 | €19,002 | €35,515 | +€16,513 | +86.9% |
| Equity | 10/15 | €7,293 | €19,681 | +€12,388 | +170% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €4,793 | €17,181 | +€12,388 | +258% |
| Distributable reserves | 133 | €4,793 | €17,181 | +€12,388 | +258% |
| Amounts payable | 17/49 | €11,709 | €15,834 | +€4,125 | +35.2% |
| Amounts payable within one year | 42/48 | €9,033 | €15,834 | +€6,801 | +75.3% |
| Trade debts | 44 | €1,473 | €318 | -€1,155 | -78.4% |
| Suppliers | 440/4 | €1,473 | €318 | -€1,155 | -78.4% |
| Taxes, remuneration and social security | 45 | €7,560 | €9,412 | +€1,852 | +24.5% |
| Taxes | 450/3 | €5,060 | €9,412 | +€4,352 | +86.0% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | - | €6,104 | +€6,104 | |
| Accrued charges and deferred income | 492/3 | €2,676 | - | -€2,676 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,454 | +€2,454 | |
| Other operating charges | 640/8 | €747 | €723 | -€24 | -3.2% |
| Gross operating margin | 9900 | €6,918 | €19,231 | +€12,313 | +178% |
| Operating profit (loss) | 9901 | €6,171 | €16,054 | +€9,883 | +160% |
| Financial charges | 65/66B | €3 | €83 | +€80 | +2,667% |
| Recurring financial charges | 65 | €3 | €83 | +€80 | +2,667% |
| Profit (loss) for the period before taxes | 9903 | €6,168 | €15,971 | +€9,803 | +159% |
| Income taxes | 67/77 | €1,375 | €3,583 | +€2,208 | +161% |
| Profit (loss) for the period | 9904 | €4,793 | €12,388 | +€7,595 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €4,793 | €12,388 | +€7,595 | +158% |
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 18 October 2026 via checked.be.