WINGER ACADEMY: 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.
WINGER ACADEMY
Largest movements
- Receivables within one year +€45,820
up €45,820 (+44.1%), from €103,906 to €149,727
of which Other amounts receivable: +€37,108
- Cash -€14,930
down €14,930 (-30.3%), from €49,273 to €34,343
mainly Contributions, distributions and other (-€56,014) and Receivables within one year (-€45,820)
- Tangible fixed assets -€7,664
down €7,664 (-6.1%), from €126,243 to €118,580
of which Land and buildings: -€6,433
- Intangible fixed assets +€6,115
up €6,115 (+80.7%), from €7,578 to €13,693
- Other debts +€56,014
new in 2025: €56,014
- Accrued charges and deferred income -€15,500
down €15,500 (-91.8%), from €16,877 to €1,377
- Debts after one year -€6,882
down €6,882 (-3.6%), from €190,266 to €183,384
- Gross operating margin +€66,711
up €66,711 (+54.2%), from €123,087 to €189,798
- Staff costs +€26,756
up €26,756 (+38.7%), from €69,049 to €95,805
- Taxes +€7,795
up €7,795 (+97.1%), from €8,030 to €15,824
- Other operating charges +€2,974
up €2,974 (+99.5%), from €2,990 to €5,963
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 | €339,873 | €370,499 | +€30,627 | +9.0% |
| Fixed assets | 21/28 | €133,822 | €132,273 | -€1,549 | -1.2% |
| Intangible fixed assets | 21 | €7,578 | €13,693 | +€6,115 | +80.7% |
| Tangible fixed assets | 22/27 | €126,243 | €118,580 | -€7,664 | -6.1% |
| Land and buildings | 22 | €120,096 | €113,663 | -€6,433 | -5.4% |
| Plant, machinery and equipment | 23 | €5,245 | €4,727 | -€518 | -9.9% |
| Furniture and vehicles | 24 | €902 | €189 | -€713 | -79.0% |
| Current assets | 29/58 | €206,051 | €238,227 | +€32,176 | +15.6% |
| Amounts receivable after more than one year | 29 | €52,214 | €52,959 | +€745 | +1.4% |
| Other amounts receivable | 291 | €52,214 | €52,959 | +€745 | +1.4% |
| Amounts receivable within one year | 40/41 | €103,906 | €149,727 | +€45,820 | +44.1% |
| Trade receivables | 40 | €39,866 | €48,578 | +€8,712 | +21.9% |
| Other amounts receivable | 41 | €64,040 | €101,149 | +€37,108 | +57.9% |
| Cash at bank and in hand | 54/58 | €49,273 | €34,343 | -€14,930 | -30.3% |
| Deferred charges and accrued income | 490/1 | €657 | €1,198 | +€540 | +82.2% |
| Total equity and liabilities | 10/49 | €339,873 | €370,499 | +€30,627 | +9.0% |
| Equity | 10/15 | €75,713 | €73,853 | -€1,860 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,113 | €55,253 | -€1,860 | -3.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €55,253 | €55,253 | = | 0.0% |
| Amounts payable | 17/49 | €264,160 | €296,647 | +€32,487 | +12.3% |
| Amounts payable after more than one year | 17 | €190,266 | €183,384 | -€6,882 | -3.6% |
| Financial debts | 170/4 | €190,266 | €183,384 | -€6,882 | -3.6% |
| Amounts payable within one year | 42/48 | €57,018 | €111,886 | +€54,869 | +96.2% |
| Current portion of amounts payable after more than one year | 42 | €7,170 | €8,469 | +€1,299 | +18.1% |
| Trade debts | 44 | €14,334 | €11,741 | -€2,593 | -18.1% |
| Suppliers | 440/4 | €14,334 | €11,741 | -€2,593 | -18.1% |
| Taxes, remuneration and social security | 45 | €35,513 | €35,662 | +€149 | +0.4% |
| Taxes | 450/3 | €26,518 | €20,032 | -€6,485 | -24.5% |
| Remuneration and social security | 454/9 | €8,996 | €15,629 | +€6,634 | +73.7% |
| Other amounts payable | 47/48 | - | €56,014 | +€56,014 | |
| Accrued charges and deferred income | 492/3 | €16,877 | €1,377 | -€15,500 | -91.8% |
| Remuneration, social security and pensions | 62 | €69,049 | €95,805 | +€26,756 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,601 | €11,452 | -€150 | -1.3% |
| Other operating charges | 640/8 | €2,990 | €5,963 | +€2,974 | +99.5% |
| Gross operating margin | 9900 | €123,087 | €189,798 | +€66,711 | +54.2% |
| Operating profit (loss) | 9901 | €39,447 | €76,578 | +€37,131 | +94.1% |
| Financial income | 75/76B | €3,527 | €5,123 | +€1,596 | +45.3% |
| Recurring financial income | 75 | €3,527 | €5,123 | +€1,596 | +45.3% |
| Financial charges | 65/66B | €11,945 | €11,722 | -€223 | -1.9% |
| Recurring financial charges | 65 | €11,945 | €11,722 | -€223 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €31,029 | €69,979 | +€38,950 | +126% |
| Income taxes | 67/77 | €8,030 | €15,824 | +€7,795 | +97.1% |
| Profit (loss) for the period | 9904 | €22,999 | €54,154 | +€31,155 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €22,999 | €54,154 | +€31,155 | +135% |
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 19 October 2026 via checked.be.