WINGMAN: 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.
WINGMAN
Largest movements
- Receivables within one year +€491,123
up €491,123 (+107.6%), from €456,424 to €947,548
of which Trade receivables: +€521,769
- Cash +€182,654
up €182,654 (+144.0%), from €126,864 to €309,518
mainly Trade debts (+€471,774) and Net result for the year (+€267,447)
- Trade debts +€471,774
up €471,774 (+558.1%), from €84,539 to €556,313
- Reserves +€267,447
up €267,447 (+120.3%), from €222,377 to €489,824
- Accrued charges and deferred income -€73,580
down €73,580 (-49.5%), from €148,574 to €74,993
- Other debts -€18,231
down €18,231 (-72.0%), from €25,325 to €7,094
- Tax, wage and social debts +€14,514
up €14,514 (+23.0%), from €63,154 to €77,669
of which Remuneration and social security: +€15,329
- Gross operating margin +€254,009
up €254,009 (+47.5%), from €535,049 to €789,058
- Taxes +€83,765
up €83,765 (+162.5%), from €51,541 to €135,306
- Staff costs +€60,466
up €60,466 (+20.0%), from €301,927 to €362,393
- Financial charges -€30,729
down €30,729 (-55.8%), from €55,033 to €24,304
- Financial income +€15,256
up €15,256 (+815.2%), from €1,871 to €17,127
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 | €623,446 | €1,279,157 | +€655,711 | +105.2% |
| Fixed assets | 21/28 | €34,280 | €20,077 | -€14,203 | -41.4% |
| Intangible fixed assets | 21 | €5,305 | €2,867 | -€2,437 | -45.9% |
| Tangible fixed assets | 22/27 | €28,951 | €17,185 | -€11,765 | -40.6% |
| Plant, machinery and equipment | 23 | €7,486 | €3,443 | -€4,043 | -54.0% |
| Furniture and vehicles | 24 | €1,505 | €1,085 | -€420 | -27.9% |
| Leasing and similar rights | 25 | €19,960 | €12,658 | -€7,302 | -36.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €589,166 | €1,259,080 | +€669,914 | +113.7% |
| Stocks and contracts in progress | 3 | €3,712 | - | -€3,712 | |
| Stocks | 30/36 | €3,712 | - | -€3,712 | |
| Amounts receivable within one year | 40/41 | €456,424 | €947,548 | +€491,123 | +107.6% |
| Trade receivables | 40 | €400,118 | €921,887 | +€521,769 | +130.4% |
| Other amounts receivable | 41 | €56,306 | €25,661 | -€30,645 | -54.4% |
| Cash at bank and in hand | 54/58 | €126,864 | €309,518 | +€182,654 | +144.0% |
| Deferred charges and accrued income | 490/1 | €2,166 | €2,014 | -€152 | -7.0% |
| Total equity and liabilities | 10/49 | €623,446 | €1,279,157 | +€655,711 | +105.2% |
| Equity | 10/15 | €278,064 | €545,511 | +€267,447 | +96.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Outside capital | 11 | €6,197 | €6,197 | = | 0.0% |
| Other | 1109/19 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €222,377 | €489,824 | +€267,447 | +120.3% |
| Distributable reserves | 133 | €222,377 | €489,824 | +€267,447 | +120.3% |
| Profit (loss) carried forward | 14 | €49,489 | €49,489 | = | 0.0% |
| Amounts payable | 17/49 | €345,383 | €733,647 | +€388,264 | +112.4% |
| Amounts payable after more than one year | 17 | €17,578 | €11,086 | -€6,493 | -36.9% |
| Financial debts | 170/4 | €17,578 | €11,086 | -€6,493 | -36.9% |
| Amounts payable within one year | 42/48 | €179,231 | €647,568 | +€468,336 | +261.3% |
| Current portion of amounts payable after more than one year | 42 | €6,213 | €6,493 | +€280 | +4.5% |
| Trade debts | 44 | €84,539 | €556,313 | +€471,774 | +558.1% |
| Suppliers | 440/4 | €84,539 | €556,313 | +€471,774 | +558.1% |
| Taxes, remuneration and social security | 45 | €63,154 | €77,669 | +€14,514 | +23.0% |
| Taxes | 450/3 | €26,954 | €26,139 | -€814 | -3.0% |
| Remuneration and social security | 454/9 | €36,200 | €51,529 | +€15,329 | +42.3% |
| Other amounts payable | 47/48 | €25,325 | €7,094 | -€18,231 | -72.0% |
| Accrued charges and deferred income | 492/3 | €148,574 | €74,993 | -€73,580 | -49.5% |
| Remuneration, social security and pensions | 62 | €301,927 | €362,393 | +€60,466 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,208 | €15,523 | -€6,685 | -30.1% |
| Other operating charges | 640/8 | €4,359 | €1,212 | -€3,146 | -72.2% |
| Gross operating margin | 9900 | €535,049 | €789,058 | +€254,009 | +47.5% |
| Operating profit (loss) | 9901 | €206,556 | €409,930 | +€203,374 | +98.5% |
| Financial income | 75/76B | €1,871 | €17,127 | +€15,256 | +815.2% |
| Recurring financial income | 75 | €1,871 | €17,127 | +€15,256 | +815.2% |
| Financial charges | 65/66B | €55,033 | €24,304 | -€30,729 | -55.8% |
| Recurring financial charges | 65 | €55,033 | €24,304 | -€30,729 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | €153,395 | €402,753 | +€249,359 | +162.6% |
| Income taxes | 67/77 | €51,541 | €135,306 | +€83,765 | +162.5% |
| Profit (loss) for the period | 9904 | €101,853 | €267,447 | +€165,594 | +162.6% |
| Profit (loss) for the period to be appropriated | 9905 | €101,853 | €267,447 | +€165,594 | +162.6% |
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 4 October 2026 via checked.be.