WING: 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.
WING
Largest movements
- Receivables within one year -€46,293
down €46,293 (-72.2%), from €64,095 to €17,801
of which Trade receivables: -€51,659
- Trade debts -€44,537
down €44,537 (-97.0%), from €45,931 to €1,394
- Debts after one year +€38,167
up €38,167 (+36.3%), from €105,244 to €143,410
- Other debts -€16,940
down €16,940 (-12.8%), from €131,873 to €114,933
- Tax, wage and social debts -€14,033
down €14,033 (-57.9%), from €24,246 to €10,213
- Reserves -€13,159
down €13,159 (-2.8%), from €475,040 to €461,881
- Gross operating margin -€42,911
down €42,911 (-37.1%), from €115,726 to €72,815
- Financial charges -€37,687
down €37,687 (-34.8%), from €108,256 to €70,569
- Taxes +€11,437
up €11,437 (+824%), from €1,389 to €12,826
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 | €919,285 | €870,928 | -€48,357 | -5.3% |
| Fixed assets | 21/28 | €800,000 | €800,000 | = | 0.0% |
| Financial fixed assets | 28 | €800,000 | €800,000 | = | 0.0% |
| Current assets | 29/58 | €119,285 | €70,928 | -€48,357 | -40.5% |
| Amounts receivable within one year | 40/41 | €64,095 | €17,801 | -€46,293 | -72.2% |
| Trade receivables | 40 | €51,919 | €260 | -€51,659 | -99.5% |
| Other amounts receivable | 41 | €12,176 | €17,541 | +€5,366 | +44.1% |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €9,579 | €11,171 | +€1,592 | +16.6% |
| Deferred charges and accrued income | 490/1 | €45,612 | €36,956 | -€8,656 | -19.0% |
| Total equity and liabilities | 10/49 | €919,285 | €870,928 | -€48,357 | -5.3% |
| Equity | 10/15 | €538,640 | €525,481 | -€13,159 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €475,040 | €461,881 | -€13,159 | -2.8% |
| Distributable reserves | 133 | €475,040 | €461,881 | -€13,159 | -2.8% |
| Amounts payable | 17/49 | €380,645 | €345,447 | -€35,198 | -9.2% |
| Amounts payable after more than one year | 17 | €105,244 | €143,410 | +€38,167 | +36.3% |
| Financial debts | 170/4 | €105,244 | €143,410 | +€38,167 | +36.3% |
| Amounts payable within one year | 42/48 | €270,576 | €196,933 | -€73,642 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €68,526 | €69,693 | +€1,168 | +1.7% |
| Financial debts | 43 | - | €701 | +€701 | |
| Credit institutions | 430/8 | - | €701 | +€701 | |
| Trade debts | 44 | €45,931 | €1,394 | -€44,537 | -97.0% |
| Suppliers | 440/4 | €45,931 | €1,394 | -€44,537 | -97.0% |
| Taxes, remuneration and social security | 45 | €24,246 | €10,213 | -€14,033 | -57.9% |
| Taxes | 450/3 | €24,246 | €10,213 | -€14,033 | -57.9% |
| Other amounts payable | 47/48 | €131,873 | €114,933 | -€16,940 | -12.8% |
| Accrued charges and deferred income | 492/3 | €4,825 | €5,103 | +€278 | +5.8% |
| Non-recurring operating income | 76A | - | €32,288 | +€32,288 | |
| Other operating charges | 640/8 | €1,564 | €2,651 | +€1,087 | +69.5% |
| Gross operating margin | 9900 | €115,726 | €72,815 | -€42,911 | -37.1% |
| Operating profit (loss) | 9901 | €114,162 | €70,164 | -€43,998 | -38.5% |
| Financial income | 75/76B | - | €72 | +€72 | |
| Recurring financial income | 75 | - | €72 | +€72 | |
| Financial charges | 65/66B | €108,256 | €70,569 | -€37,687 | -34.8% |
| Recurring financial charges | 65 | €108,256 | €70,569 | -€37,687 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €5,906 | -€333 | -€6,239 | |
| Income taxes | 67/77 | €1,389 | €12,826 | +€11,437 | +824% |
| Profit (loss) for the period | 9904 | €4,517 | -€13,159 | -€17,676 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,517 | -€13,159 | -€17,676 |
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 28 October 2026 via checked.be.