WINGE MOTORS: 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 MOTORS
Largest movements
- Stocks and contracts -€248,515
down €248,515 (-23.0%), from €1.1m to €832,052
- Receivables within one year -€196,766
down €196,766 (-52.0%), from €378,259 to €181,493
of which Trade receivables: -€151,514
- Cash +€135,606
up €135,606 (+101%), from €134,290 to €269,896
mainly Stocks and contracts (+€248,515) and Net result for the year (+€225,385)
- Tangible fixed assets -€26,244
down €26,244 (-17.5%), from €150,307 to €124,062
of which Other tangible fixed assets: -€24,141
- Short-term financial debts -€241,300
down €241,300 (-76.5%), from €315,300 to €74,000
- Trade debts -€167,362
down €167,362 (-37.2%), from €450,488 to €283,126
- Debts after one year +€66,884
up €66,884 (+261%), from €25,645 to €92,529
- Other debts +€56,260
up €56,260 (+17.2%), from €326,479 to €382,739
- Reserves -€47,767
down €47,767 (-8.9%), from €535,916 to €488,149
of which Distributable reserves: -€47,767
- Gross operating margin +€89,433
up €89,433 (+10.6%), from €847,071 to €936,503
- Staff costs +€33,492
up €33,492 (+5.9%), from €569,761 to €603,253
- Depreciation -€9,602
down €9,602 (-14.7%), from €65,163 to €55,561
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 | €1,805,629 | €1,470,797 | -€334,831 | -18.5% |
| Fixed assets | 21/28 | €150,307 | €124,062 | -€26,244 | -17.5% |
| Tangible fixed assets | 22/27 | €150,307 | €124,062 | -€26,244 | -17.5% |
| Land and buildings | 22 | €16,582 | €14,184 | -€2,398 | -14.5% |
| Plant, machinery and equipment | 23 | €59,221 | €52,379 | -€6,842 | -11.6% |
| Furniture and vehicles | 24 | €6,389 | €13,526 | +€7,137 | +112% |
| Other tangible fixed assets | 26 | €68,114 | €43,973 | -€24,141 | -35.4% |
| Current assets | 29/58 | €1,655,322 | €1,346,735 | -€308,587 | -18.6% |
| Amounts receivable after more than one year | 29 | €58,000 | €58,000 | = | 0.0% |
| Other amounts receivable | 291 | €58,000 | €58,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,080,567 | €832,052 | -€248,515 | -23.0% |
| Stocks | 30/36 | €1,080,567 | €832,052 | -€248,515 | -23.0% |
| Amounts receivable within one year | 40/41 | €378,259 | €181,493 | -€196,766 | -52.0% |
| Trade receivables | 40 | €329,576 | €178,062 | -€151,514 | -46.0% |
| Other amounts receivable | 41 | €48,683 | €3,432 | -€45,251 | -93.0% |
| Cash at bank and in hand | 54/58 | €134,290 | €269,896 | +€135,606 | +101% |
| Deferred charges and accrued income | 490/1 | €4,206 | €5,293 | +€1,088 | +25.9% |
| Total equity and liabilities | 10/49 | €1,805,629 | €1,470,797 | -€334,831 | -18.5% |
| Equity | 10/15 | €554,508 | €506,741 | -€47,767 | -8.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €535,916 | €488,149 | -€47,767 | -8.9% |
| Non-distributable reserves | 130/1 | €19,800 | €19,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,800 | €19,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,446 | €6,446 | = | 0.0% |
| Distributable reserves | 133 | €509,670 | €461,903 | -€47,767 | -9.4% |
| Provisions and deferred taxes | 16 | €1,647 | - | -€1,647 | |
| Provisions for liabilities and charges | 160/5 | €1,647 | - | -€1,647 | |
| Other liabilities and charges | 164/5 | €1,647 | - | -€1,647 | |
| Amounts payable | 17/49 | €1,249,473 | €964,056 | -€285,417 | -22.8% |
| Amounts payable after more than one year | 17 | €25,645 | €92,529 | +€66,884 | +261% |
| Financial debts | 170/4 | €25,645 | €92,529 | +€66,884 | +261% |
| Amounts payable within one year | 42/48 | €1,205,405 | €871,527 | -€333,878 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €25,437 | €32,422 | +€6,985 | +27.5% |
| Financial debts | 43 | €315,300 | €74,000 | -€241,300 | -76.5% |
| Other loans | 439 | €315,300 | €74,000 | -€241,300 | -76.5% |
| Trade debts | 44 | €450,488 | €283,126 | -€167,362 | -37.2% |
| Suppliers | 440/4 | €450,488 | €283,126 | -€167,362 | -37.2% |
| Advances received on contracts in progress | 46 | €14,529 | €26,550 | +€12,021 | +82.7% |
| Taxes, remuneration and social security | 45 | €73,172 | €72,690 | -€482 | -0.7% |
| Taxes | 450/3 | €21,363 | €16,779 | -€4,584 | -21.5% |
| Remuneration and social security | 454/9 | €51,809 | €55,911 | +€4,102 | +7.9% |
| Other amounts payable | 47/48 | €326,479 | €382,739 | +€56,260 | +17.2% |
| Accrued charges and deferred income | 492/3 | €18,424 | - | -€18,424 | |
| Remuneration, social security and pensions | 62 | €569,761 | €603,253 | +€33,492 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,163 | €55,561 | -€9,602 | -14.7% |
| Other operating charges | 640/8 | €14,513 | €19,485 | +€4,972 | +34.3% |
| Non-recurring operating charges | 66A | €378 | - | -€378 | |
| Gross operating margin | 9900 | €847,071 | €936,503 | +€89,433 | +10.6% |
| Operating profit (loss) | 9901 | €197,256 | €258,204 | +€60,949 | +30.9% |
| Financial income | 75/76B | €2,174 | €2,016 | -€159 | -7.3% |
| Recurring financial income | 75 | €2,174 | €2,016 | -€159 | -7.3% |
| Financial charges | 65/66B | €27,512 | €23,464 | -€4,047 | -14.7% |
| Recurring financial charges | 65 | €27,512 | €23,464 | -€4,047 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €171,918 | €236,756 | +€64,837 | +37.7% |
| Income taxes | 67/77 | €16,758 | €11,371 | -€5,387 | -32.1% |
| Profit (loss) for the period | 9904 | €155,160 | €225,385 | +€70,225 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €155,160 | €225,385 | +€70,225 | +45.3% |
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 22 October 2026 via checked.be.