WingMan: 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.
WingMan
Largest movements
- Tangible fixed assets +€258,820
up €258,820 (+230.7%), from €112,203 to €371,023
of which Land and buildings: +€246,607
- Receivables after one year -€36,153
down €36,153 (-100.0%), from €36,153 to €0
- Cash -€33,846
down €33,846 (-53.4%), from €63,379 to €29,533
mainly Investment in fixed assets (net) (-€300,732) and Contributions, distributions and other (-€117,647)
- Receivables within one year -€18,292
down €18,292 (-21.0%), from €86,951 to €68,659
of which Trade receivables: -€24,950
- Stocks and contracts -€10,250
down €10,250 (-100.0%), from €10,250 to €0
- Debts after one year +€218,456
up €218,456 (+422.4%), from €51,718 to €270,173
- Profit (loss) carried forward -€111,741
down €111,741 (-38.3%), from €292,032 to €180,291
- Other debts +€36,911
up €36,911 (+472.9%), from €7,805 to €44,717
- Current portion of long-term debt +€12,416
up €12,416 (+153.0%), from €8,116 to €20,531
- Depreciation +€35,323
up €35,323 (+434.3%), from €8,133 to €43,456
- Gross operating margin +€25,909
up €25,909 (+48.6%), from €53,318 to €79,227
- Other operating charges +€23,130
up €23,130 (+1676.8%), from €1,379 to €24,510
- Taxes -€4,866
down €4,866 (-61.3%), from €7,932 to €3,066
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 | €376,441 | €533,875 | +€157,434 | +41.8% |
| Fixed assets | 21/28 | €176,145 | €433,420 | +€257,276 | +146.1% |
| Intangible fixed assets | 21 | €1,667 | €122 | -€1,544 | -92.7% |
| Tangible fixed assets | 22/27 | €112,203 | €371,023 | +€258,820 | +230.7% |
| Land and buildings | 22 | €79,016 | €325,624 | +€246,607 | +312.1% |
| Furniture and vehicles | 24 | €1,570 | €15,517 | +€13,948 | +888.5% |
| Other tangible fixed assets | 26 | €31,617 | €29,881 | -€1,735 | -5.5% |
| Financial fixed assets | 28 | €62,275 | €62,275 | = | 0.0% |
| Current assets | 29/58 | €200,296 | €100,455 | -€99,842 | -49.8% |
| Amounts receivable after more than one year | 29 | €36,153 | €0 | -€36,153 | -100.0% |
| Other amounts receivable | 291 | €36,153 | €0 | -€36,153 | -100.0% |
| Stocks and contracts in progress | 3 | €10,250 | €0 | -€10,250 | -100.0% |
| Stocks | 30/36 | €10,250 | €0 | -€10,250 | -100.0% |
| Amounts receivable within one year | 40/41 | €86,951 | €68,659 | -€18,292 | -21.0% |
| Trade receivables | 40 | €86,154 | €61,204 | -€24,950 | -29.0% |
| Other amounts receivable | 41 | €797 | €7,455 | +€6,658 | +835.2% |
| Cash at bank and in hand | 54/58 | €63,379 | €29,533 | -€33,846 | -53.4% |
| Deferred charges and accrued income | 490/1 | €3,563 | €2,263 | -€1,300 | -36.5% |
| Total equity and liabilities | 10/49 | €376,441 | €533,875 | +€157,434 | +41.8% |
| Equity | 10/15 | €293,032 | €181,291 | -€111,741 | -38.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €292,032 | €180,291 | -€111,741 | -38.3% |
| Amounts payable | 17/49 | €83,409 | €352,584 | +€269,176 | +322.7% |
| Amounts payable after more than one year | 17 | €51,718 | €270,173 | +€218,456 | +422.4% |
| Financial debts | 170/4 | €51,718 | €270,173 | +€218,456 | +422.4% |
| Amounts payable within one year | 42/48 | €31,691 | €82,411 | +€50,720 | +160.0% |
| Current portion of amounts payable after more than one year | 42 | €8,116 | €20,531 | +€12,416 | +153.0% |
| Trade debts | 44 | €4,976 | €9,823 | +€4,847 | +97.4% |
| Suppliers | 440/4 | €4,976 | €9,823 | +€4,847 | +97.4% |
| Taxes, remuneration and social security | 45 | €10,794 | €7,340 | -€3,454 | -32.0% |
| Taxes | 450/3 | €8,540 | €7,340 | -€1,200 | -14.1% |
| Remuneration and social security | 454/9 | €2,255 | €0 | -€2,255 | -100.0% |
| Other amounts payable | 47/48 | €7,805 | €44,717 | +€36,911 | +472.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,133 | €43,456 | +€35,323 | +434.3% |
| Other operating charges | 640/8 | €1,379 | €24,510 | +€23,130 | +1676.8% |
| Gross operating margin | 9900 | €53,318 | €79,227 | +€25,909 | +48.6% |
| Operating profit (loss) | 9901 | €43,805 | €11,261 | -€32,544 | -74.3% |
| Financial income | 75/76B | €1,721 | €1,772 | +€52 | +3.0% |
| Recurring financial income | 75 | €1,721 | €1,772 | +€52 | +3.0% |
| Financial charges | 65/66B | €3,351 | €4,061 | +€710 | +21.2% |
| Recurring financial charges | 65 | €3,351 | €4,061 | +€710 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €42,174 | €8,972 | -€33,202 | -78.7% |
| Income taxes | 67/77 | €7,932 | €3,066 | -€4,866 | -61.3% |
| Profit (loss) for the period | 9904 | €34,242 | €5,906 | -€28,337 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,242 | €5,906 | -€28,337 | -82.8% |
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 10 October 2026 via checked.be.