WINGE-BIKES: 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.
WINGE-BIKES
Largest movements
- Cash -€57,002
down €57,002 (-18.8%), from €303,132 to €246,130
mainly Contributions, distributions and other (-€87,383) and Investment in fixed assets (net) (-€37,316)
- Stocks and contracts +€31,749
up €31,749 (+14.2%), from €223,355 to €255,104
- Tangible fixed assets +€27,854
up €27,854 (+88.2%), from €31,574 to €59,429
of which Furniture and vehicles: +€33,482
- Receivables within one year -€10,145
down €10,145 (-26.6%), from €38,210 to €28,065
of which Other amounts receivable: -€26,451
- Trade debts -€18,084
down €18,084 (-45.6%), from €39,661 to €21,576
- Gross operating margin +€89,349
up €89,349 (+112%), from €79,849 to €169,199
- Taxes +€24,170
up €24,170 (+149%), from €16,240 to €40,410
- Depreciation +€5,320
up €5,320 (+128%), from €4,142 to €9,462
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 | €597,062 | €590,919 | -€6,142 | -1.0% |
| Fixed assets | 21/28 | €31,574 | €59,429 | +€27,854 | +88.2% |
| Tangible fixed assets | 22/27 | €31,574 | €59,429 | +€27,854 | +88.2% |
| Land and buildings | 22 | €6,260 | €4,705 | -€1,554 | -24.8% |
| Plant, machinery and equipment | 23 | €19,970 | €17,402 | -€2,568 | -12.9% |
| Furniture and vehicles | 24 | - | €33,482 | +€33,482 | |
| Other tangible fixed assets | 26 | €5,345 | €3,840 | -€1,505 | -28.2% |
| Current assets | 29/58 | €565,487 | €531,490 | -€33,997 | -6.0% |
| Stocks and contracts in progress | 3 | €223,355 | €255,104 | +€31,749 | +14.2% |
| Stocks | 30/36 | €223,355 | €255,104 | +€31,749 | +14.2% |
| Amounts receivable within one year | 40/41 | €38,210 | €28,065 | -€10,145 | -26.6% |
| Trade receivables | 40 | €3,773 | €20,079 | +€16,306 | +432% |
| Other amounts receivable | 41 | €34,437 | €7,986 | -€26,451 | -76.8% |
| Cash at bank and in hand | 54/58 | €303,132 | €246,130 | -€57,002 | -18.8% |
| Deferred charges and accrued income | 490/1 | €791 | €2,192 | +€1,401 | +177% |
| Total equity and liabilities | 10/49 | €597,062 | €590,919 | -€6,142 | -1.0% |
| Equity | 10/15 | €538,080 | €541,550 | +€3,471 | +0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €531,880 | €535,350 | +€3,471 | +0.7% |
| Tax-exempt reserves | 132 | €382 | €382 | = | 0.0% |
| Distributable reserves | 133 | €531,498 | €534,968 | +€3,471 | +0.7% |
| Amounts payable | 17/49 | €58,982 | €49,369 | -€9,613 | -16.3% |
| Amounts payable within one year | 42/48 | €58,982 | €49,299 | -€9,683 | -16.4% |
| Trade debts | 44 | €39,661 | €21,576 | -€18,084 | -45.6% |
| Suppliers | 440/4 | €39,661 | €21,576 | -€18,084 | -45.6% |
| Advances received on contracts in progress | 46 | €500 | - | -€500 | |
| Taxes, remuneration and social security | 45 | €11,234 | €14,574 | +€3,340 | +29.7% |
| Taxes | 450/3 | €6,330 | €9,333 | +€3,003 | +47.4% |
| Remuneration and social security | 454/9 | €4,904 | €5,241 | +€337 | +6.9% |
| Other amounts payable | 47/48 | €7,587 | €13,148 | +€5,561 | +73.3% |
| Accrued charges and deferred income | 492/3 | - | €70 | +€70 | |
| Non-recurring operating income | 76A | - | €6,612 | +€6,612 | |
| Remuneration, social security and pensions | 62 | €27,093 | €28,347 | +€1,254 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,142 | €9,462 | +€5,320 | +128% |
| Other operating charges | 640/8 | €722 | €697 | -€25 | -3.4% |
| Gross operating margin | 9900 | €79,849 | €169,199 | +€89,349 | +112% |
| Operating profit (loss) | 9901 | €47,893 | €130,693 | +€82,800 | +173% |
| Financial income | 75/76B | €264 | €1,061 | +€797 | +302% |
| Recurring financial income | 75 | €264 | €1,061 | +€797 | +302% |
| Financial charges | 65/66B | €595 | €491 | -€104 | -17.5% |
| Recurring financial charges | 65 | €595 | €491 | -€104 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €47,562 | €131,264 | +€83,702 | +176% |
| Income taxes | 67/77 | €16,240 | €40,410 | +€24,170 | +149% |
| Profit (loss) for the period | 9904 | €31,322 | €90,854 | +€59,531 | +190% |
| Profit (loss) for the period to be appropriated | 9905 | €31,322 | €90,854 | +€59,531 | +190% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.