WING TOWER: 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 TOWER
Largest movements
- Tangible fixed assets -€523,368
down €523,368 (-5.0%), from €10.4m to €9.9m
of which Land and buildings: -€516,850
- Other debts -€671,763
down €671,763 (-95.7%), from €701,734 to €29,971
- Trade debts -€406,742
down €406,742 (-51.6%), from €788,227 to €381,485
- Debts after one year +€202,259
up €202,259 (+2.8%), from €7.2m to €7.4m
of which Financial debts: +€202,259
- Reserves +€176,989
up €176,989 (+18.7%), from €946,416 to €1.1m
- Current portion of long-term debt +€138,447
up €138,447 (+16.7%), from €829,213 to €967,660
- Provisions +€33,212
new in 2025: €33,212
- Financial charges +€22,673
up €22,673 (+15.8%), from €143,832 to €166,505
- Gross operating margin +€16,654
up €16,654 (+1.5%), from €1.1m to €1.2m
- Depreciation +€14,088
up €14,088 (+2.2%), from €642,188 to €656,276
- Taxes -€13,619
down €13,619 (-22.0%), from €61,936 to €48,317
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 | €10,677,812 | €10,109,824 | -€567,988 | -5.3% |
| Fixed assets | 21/28 | €10,412,967 | €9,889,599 | -€523,368 | -5.0% |
| Tangible fixed assets | 22/27 | €10,412,967 | €9,889,599 | -€523,368 | -5.0% |
| Land and buildings | 22 | €10,387,629 | €9,870,779 | -€516,850 | -5.0% |
| Plant, machinery and equipment | 23 | €23,183 | €16,900 | -€6,283 | -27.1% |
| Furniture and vehicles | 24 | €2,155 | €1,920 | -€235 | -10.9% |
| Current assets | 29/58 | €264,845 | €220,225 | -€44,620 | -16.8% |
| Amounts receivable within one year | 40/41 | €132,033 | €99,224 | -€32,809 | -24.8% |
| Trade receivables | 40 | €131,058 | €99,224 | -€31,834 | -24.3% |
| Other amounts receivable | 41 | €975 | - | -€975 | |
| Cash at bank and in hand | 54/58 | €99,530 | €120,942 | +€21,412 | +21.5% |
| Deferred charges and accrued income | 490/1 | €33,282 | €59 | -€33,223 | -99.8% |
| Total equity and liabilities | 10/49 | €10,677,812 | €10,109,824 | -€567,988 | -5.3% |
| Equity | 10/15 | €1,096,416 | €1,273,405 | +€176,989 | +16.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €946,416 | €1,123,405 | +€176,989 | +18.7% |
| Distributable reserves | 133 | €946,416 | €1,123,405 | +€176,989 | +18.7% |
| Amounts payable | 17/49 | €9,581,396 | €8,836,419 | -€744,977 | -7.8% |
| Amounts payable after more than one year | 17 | €7,204,284 | €7,406,543 | +€202,259 | +2.8% |
| Financial debts | 170/4 | €7,192,791 | €7,395,050 | +€202,259 | +2.8% |
| Other amounts payable | 178/9 | €11,493 | €11,493 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,376,133 | €1,429,876 | -€946,257 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | €829,213 | €967,660 | +€138,447 | +16.7% |
| Trade debts | 44 | €788,227 | €381,485 | -€406,742 | -51.6% |
| Suppliers | 440/4 | €788,227 | €381,485 | -€406,742 | -51.6% |
| Advances received on contracts in progress | 46 | €4,603 | - | -€4,603 | |
| Taxes, remuneration and social security | 45 | €52,356 | €50,760 | -€1,596 | -3.0% |
| Taxes | 450/3 | €52,356 | €50,760 | -€1,596 | -3.0% |
| Other amounts payable | 47/48 | €701,734 | €29,971 | -€671,763 | -95.7% |
| Accrued charges and deferred income | 492/3 | €979 | - | -€979 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €642,188 | €656,276 | +€14,088 | +2.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €33,212 | +€33,212 | |
| Other operating charges | 640/8 | €70,461 | €71,713 | +€1,252 | +1.8% |
| Gross operating margin | 9900 | €1,136,297 | €1,152,951 | +€16,654 | +1.5% |
| Operating profit (loss) | 9901 | €423,648 | €391,750 | -€31,898 | -7.5% |
| Financial income | 75/76B | €66 | €61 | -€5 | -7.6% |
| Recurring financial income | 75 | €66 | €61 | -€5 | -7.6% |
| Financial charges | 65/66B | €143,832 | €166,505 | +€22,673 | +15.8% |
| Recurring financial charges | 65 | €143,832 | €166,505 | +€22,673 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €279,882 | €225,306 | -€54,576 | -19.5% |
| Income taxes | 67/77 | €61,936 | €48,317 | -€13,619 | -22.0% |
| Profit (loss) for the period | 9904 | €217,946 | €176,989 | -€40,957 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €217,946 | €176,989 | -€40,957 | -18.8% |
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 17 October 2026 via checked.be.