WING INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Stocks and contracts +€114,480
up €114,480 (+31.2%), from €366,975 to €481,455
- Receivables within one year -€96,916
down €96,916 (-86.2%), from €112,477 to €15,561
of which Other amounts receivable: -€96,916
- Cash -€77,677
down €77,677 (-64.5%), from €120,352 to €42,675
mainly Stocks and contracts (-€114,480) and Contributions, distributions and other (-€86,707)
- Tangible fixed assets -€34,745
down €34,745 (-3.3%), from €1.1m to €1.0m
of which Furniture and vehicles: -€20,221
- Reserves -€94,042
down €94,042 (-9.1%), from €1.0m to €943,059
- Profit (loss) carried forward -€46,074
new in 2025: -€46,074
- Trade debts +€33,688
up €33,688 (+12.0%), from €281,865 to €315,553
- Other debts +€28,226
up €28,226 (+209%), from €13,505 to €41,730
- Debts after one year -€18,684
down €18,684 (-6.5%), from €289,605 to €270,921
- Gross operating margin +€31,282
up €31,282 (+306%), from €10,207 to €41,489
- Depreciation +€6,157
up €6,157 (+9.4%), from €65,601 to €71,758
- Financial charges -€3,515
down €3,515 (-20.2%), from €17,361 to €13,846
- Financial income -€501
down €501 (-100.0%), from €501 to €0
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 | €1,664,675 | €1,568,006 | -€96,669 | -5.8% |
| Fixed assets | 21/28 | €1,060,762 | €1,026,017 | -€34,745 | -3.3% |
| Tangible fixed assets | 22/27 | €1,060,762 | €1,026,017 | -€34,745 | -3.3% |
| Land and buildings | 22 | €1,008,614 | €992,821 | -€15,793 | -1.6% |
| Plant, machinery and equipment | 23 | €4,953 | €6,222 | +€1,269 | +25.6% |
| Furniture and vehicles | 24 | €47,195 | €26,975 | -€20,221 | -42.8% |
| Current assets | 29/58 | €603,913 | €541,989 | -€61,924 | -10.3% |
| Stocks and contracts in progress | 3 | €366,975 | €481,455 | +€114,480 | +31.2% |
| Stocks | 30/36 | €366,975 | €481,455 | +€114,480 | +31.2% |
| Amounts receivable within one year | 40/41 | €112,477 | €15,561 | -€96,916 | -86.2% |
| Trade receivables | 40 | €4,043 | €4,043 | = | 0.0% |
| Other amounts receivable | 41 | €108,435 | €11,519 | -€96,916 | -89.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €120,352 | €42,675 | -€77,677 | -64.5% |
| Deferred charges and accrued income | 490/1 | €4,108 | €2,298 | -€1,811 | -44.1% |
| Total equity and liabilities | 10/49 | €1,664,675 | €1,568,006 | -€96,669 | -5.8% |
| Equity | 10/15 | €1,058,916 | €918,800 | -€140,116 | -13.2% |
| Contributions | 10/11 | €21,815 | €21,815 | = | 0.0% |
| Reserves | 13 | €1,037,101 | €943,059 | -€94,042 | -9.1% |
| Distributable reserves | 133 | €1,037,101 | €943,059 | -€94,042 | -9.1% |
| Profit (loss) carried forward | 14 | - | -€46,074 | -€46,074 | |
| Amounts payable | 17/49 | €605,759 | €649,207 | +€43,447 | +7.2% |
| Amounts payable after more than one year | 17 | €289,605 | €270,921 | -€18,684 | -6.5% |
| Financial debts | 170/4 | €289,605 | €270,921 | -€18,684 | -6.5% |
| Amounts payable within one year | 42/48 | €314,054 | €376,186 | +€62,131 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €18,684 | €18,684 | = | 0.0% |
| Trade debts | 44 | €281,865 | €315,553 | +€33,688 | +12.0% |
| Suppliers | 440/4 | €281,865 | €315,553 | +€33,688 | +12.0% |
| Taxes, remuneration and social security | 45 | €0 | €218 | +€218 | |
| Taxes | 450/3 | €0 | €218 | +€218 | |
| Other amounts payable | 47/48 | €13,505 | €41,730 | +€28,226 | +209% |
| Accrued charges and deferred income | 492/3 | €2,100 | €2,100 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €47,600 | +€47,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,601 | €71,758 | +€6,157 | +9.4% |
| Other operating charges | 640/8 | €9,131 | €9,077 | -€54 | -0.6% |
| Gross operating margin | 9900 | €10,207 | €41,489 | +€31,282 | +306% |
| Operating profit (loss) | 9901 | -€64,525 | -€39,346 | +€25,179 | +39.0% |
| Financial income | 75/76B | €501 | €0 | -€501 | -100.0% |
| Recurring financial income | 75 | €501 | €0 | -€501 | -100.0% |
| Financial charges | 65/66B | €17,361 | €13,846 | -€3,515 | -20.2% |
| Recurring financial charges | 65 | €17,361 | €13,846 | -€3,515 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | -€81,385 | -€53,192 | +€28,194 | +34.6% |
| Income taxes | 67/77 | €218 | €218 | -€0 | -0.2% |
| Profit (loss) for the period | 9904 | -€81,603 | -€53,409 | +€28,194 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,603 | -€53,409 | +€28,194 | +34.6% |
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 31 October 2026 via checked.be.