WIN AIR: what changed
Two fiscal 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.
WIN AIR
Largest movements
- Tangible fixed assets -€18,463
down €18,463 (-11.3%), from €163,243 to €144,781
- Receivables within one year -€9,051
down €9,051 (-60.0%), from €15,084 to €6,033
of which Trade receivables: -€9,123
- Cash +€5,392
up €5,392 (+246.5%), from €2,188 to €7,579
mainly Depreciation (+€18,463) and Receivables within one year (+€9,051)
- Debts after one year -€9,742
down €9,742 (-6.4%), from €152,351 to €142,609
- Profit (loss) carried forward -€9,657
down €9,657, from €9,425 to -€232
- Tax, wage and social debts -€2,724
no longer reported in 2025 (was €2,724)
- Gross operating margin +€1,315
up €1,315 (+12.1%), from €10,898 to €12,213
- Depreciation +€368
up €368 (+2.0%), from €18,095 to €18,463
- Financial charges -€231
down €231 (-7.1%), from €3,238 to €3,008
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 | €180,515 | €158,393 | -€22,122 | -12.3% |
| Fixed assets | 21/28 | €163,243 | €144,781 | -€18,463 | -11.3% |
| Tangible fixed assets | 22/27 | €163,243 | €144,781 | -€18,463 | -11.3% |
| Furniture and vehicles | 24 | €163,243 | €144,781 | -€18,463 | -11.3% |
| Current assets | 29/58 | €17,272 | €13,612 | -€3,660 | -21.2% |
| Amounts receivable within one year | 40/41 | €15,084 | €6,033 | -€9,051 | -60.0% |
| Trade receivables | 40 | €15,084 | €5,961 | -€9,123 | -60.5% |
| Other amounts receivable | 41 | - | €72 | +€72 | |
| Cash at bank and in hand | 54/58 | €2,188 | €7,579 | +€5,392 | +246.5% |
| Total equity and liabilities | 10/49 | €180,515 | €158,393 | -€22,122 | -12.3% |
| Equity | 10/15 | €14,425 | €4,768 | -€9,657 | -66.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,425 | -€232 | -€9,657 | |
| Amounts payable | 17/49 | €166,090 | €153,625 | -€12,465 | -7.5% |
| Amounts payable after more than one year | 17 | €152,351 | €142,609 | -€9,742 | -6.4% |
| Financial debts | 170/4 | €152,351 | €142,609 | -€9,742 | -6.4% |
| Amounts payable within one year | 42/48 | €13,739 | €10,011 | -€3,728 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €9,236 | €9,583 | +€348 | +3.8% |
| Trade debts | 44 | €1,779 | €428 | -€1,351 | -76.0% |
| Suppliers | 440/4 | €1,779 | €428 | -€1,351 | -76.0% |
| Taxes, remuneration and social security | 45 | €2,724 | - | -€2,724 | |
| Taxes | 450/3 | €2,724 | - | -€2,724 | |
| Accrued charges and deferred income | 492/3 | - | €1,005 | +€1,005 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,095 | €18,463 | +€368 | +2.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €10,898 | €12,213 | +€1,315 | +12.1% |
| Operating profit (loss) | 9901 | -€7,584 | -€6,649 | +€935 | +12.3% |
| Financial income | 75/76B | €74 | - | -€74 | |
| Recurring financial income | 75 | €74 | - | -€74 | |
| Financial charges | 65/66B | €3,238 | €3,008 | -€231 | -7.1% |
| Recurring financial charges | 65 | €3,238 | €3,008 | -€231 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,749 | -€9,657 | +€1,092 | +10.2% |
| Profit (loss) for the period | 9904 | -€10,749 | -€9,657 | +€1,092 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,749 | -€9,657 | +€1,092 | +10.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.