WINGEST: what changed
Two fiscal 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.
WINGEST
Largest movements
- Current investments -€282,159
down €282,159 (-91.4%), from €308,769 to €26,610
- Deferred charges and accrued income +€43,073
up €43,073 (+564.9%), from €7,624 to €50,698
- Tangible fixed assets -€30,374
down €30,374 (-5.9%), from €518,132 to €487,758
of which Other tangible fixed assets: -€30,374
- Cash +€21,930
up €21,930 (+14.4%), from €151,776 to €173,706
mainly Current investments (+€282,159) and Net result for the year (+€107,060)
- Contributions -€350,000
down €350,000 (-77.8%), from €450,000 to €100,000
- Reserves +€88,281
up €88,281 (+22.5%), from €391,917 to €480,198
of which Distributable reserves: +€88,281
- Tax, wage and social debts +€32,138
up €32,138 (+270.8%), from €11,867 to €44,005
- Debts after one year -€30,053
down €30,053 (-36.3%), from €82,847 to €52,794
of which Financial debts: -€26,253
- Other debts +€11,908
up €11,908 (+235.9%), from €5,047 to €16,955
- Taxes +€36,972
up €36,972 (+438.2%), from €8,437 to €45,409
- Financial income +€32,542
up €32,542 (+2014.3%), from €1,616 to €34,157
- Gross operating margin +€19,619
up €19,619 (+11.4%), from €172,575 to €192,193
- Depreciation -€18,160
down €18,160 (-24.4%), from €74,291 to €56,131
- Other operating charges -€7,558
down €7,558 (-32.0%), from €23,617 to €16,058
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.
Cash bridge derived
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 | €987,639 | €739,797 | -€247,842 | -25.1% |
| Fixed assets | 21/28 | €518,251 | €487,877 | -€30,374 | -5.9% |
| Tangible fixed assets | 22/27 | €518,132 | €487,758 | -€30,374 | -5.9% |
| Land and buildings | 22 | €272,683 | €272,683 | = | 0.0% |
| Other tangible fixed assets | 26 | €245,450 | €215,075 | -€30,374 | -12.4% |
| Financial fixed assets | 28 | €119 | €119 | = | 0.0% |
| Current assets | 29/58 | €469,387 | €251,919 | -€217,468 | -46.3% |
| Amounts receivable within one year | 40/41 | €1,218 | €906 | -€313 | -25.7% |
| Trade receivables | 40 | €1,218 | €906 | -€313 | -25.7% |
| Current investments | 50/53 | €308,769 | €26,610 | -€282,159 | -91.4% |
| Cash at bank and in hand | 54/58 | €151,776 | €173,706 | +€21,930 | +14.4% |
| Deferred charges and accrued income | 490/1 | €7,624 | €50,698 | +€43,073 | +564.9% |
| Total equity and liabilities | 10/49 | €987,639 | €739,797 | -€247,842 | -25.1% |
| Equity | 10/15 | €861,104 | €599,385 | -€261,719 | -30.4% |
| Contributions | 10/11 | €450,000 | €100,000 | -€350,000 | -77.8% |
| Capital | 10 | €450,000 | €100,000 | -€350,000 | -77.8% |
| Issued capital | 100 | €450,000 | €100,000 | -€350,000 | -77.8% |
| Reserves | 13 | €391,917 | €480,198 | +€88,281 | +22.5% |
| Non-distributable reserves | 130/1 | €45,000 | €45,000 | = | 0.0% |
| Legal reserve | 130 | €45,000 | €45,000 | = | 0.0% |
| Distributable reserves | 133 | €346,917 | €435,198 | +€88,281 | +25.4% |
| Profit (loss) carried forward | 14 | €19,187 | €19,187 | = | 0.0% |
| Amounts payable | 17/49 | €126,535 | €140,412 | +€13,877 | +11.0% |
| Amounts payable after more than one year | 17 | €82,847 | €52,794 | -€30,053 | -36.3% |
| Financial debts | 170/4 | €73,367 | €47,114 | -€26,253 | -35.8% |
| Other amounts payable | 178/9 | €9,480 | €5,680 | -€3,800 | -40.1% |
| Amounts payable within one year | 42/48 | €43,004 | €87,463 | +€44,458 | +103.4% |
| Current portion of amounts payable after more than one year | 42 | €25,777 | €26,253 | +€476 | +1.8% |
| Trade debts | 44 | €313 | €249 | -€63 | -20.2% |
| Suppliers | 440/4 | €313 | €249 | -€63 | -20.2% |
| Taxes, remuneration and social security | 45 | €11,867 | €44,005 | +€32,138 | +270.8% |
| Taxes | 450/3 | €11,867 | €44,005 | +€32,138 | +270.8% |
| Other amounts payable | 47/48 | €5,047 | €16,955 | +€11,908 | +235.9% |
| Accrued charges and deferred income | 492/3 | €683 | €155 | -€528 | -77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,291 | €56,131 | -€18,160 | -24.4% |
| Other operating charges | 640/8 | €23,617 | €16,058 | -€7,558 | -32.0% |
| Gross operating margin | 9900 | €172,575 | €192,193 | +€19,619 | +11.4% |
| Operating profit (loss) | 9901 | €74,666 | €120,004 | +€45,337 | +60.7% |
| Financial income | 75/76B | €1,616 | €34,157 | +€32,542 | +2014.3% |
| Recurring financial income | 75 | €1,616 | €34,157 | +€32,542 | +2014.3% |
| Financial charges | 65/66B | €2,702 | €1,692 | -€1,010 | -37.4% |
| Recurring financial charges | 65 | €2,702 | €1,692 | -€1,010 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €73,580 | €152,469 | +€78,889 | +107.2% |
| Income taxes | 67/77 | €8,437 | €45,409 | +€36,972 | +438.2% |
| Profit (loss) for the period | 9904 | €65,143 | €107,060 | +€41,918 | +64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €65,143 | €107,060 | +€41,918 | +64.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.