Wings: 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.
Wings
Largest movements
- Receivables within one year -€96,071
down €96,071 (-87.7%), from €109,523 to €13,452
- Tangible fixed assets +€25,836
up €25,836 (+1.4%), from €1.8m to €1.8m
of which Land and buildings: +€28,807
- Reserves +€196,552
up €196,552 (+42.4%), from €464,088 to €660,640
of which Distributable reserves: +€196,552
- Short-term financial debts -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Debts after one year -€149,507
down €149,507 (-51.2%), from €292,155 to €142,648
- Gross operating margin -€53,111
down €53,111 (-11.4%), from €467,875 to €414,765
- Other operating charges +€21,031
up €21,031 (+157.6%), from €13,348 to €34,379
- Taxes +€13,789
up €13,789 (+14.0%), from €98,319 to €112,108
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 | €2,265,224 | €2,167,664 | -€97,560 | -4.3% |
| Fixed assets | 21/28 | €2,034,434 | €2,045,643 | +€11,209 | +0.6% |
| Intangible fixed assets | 21 | €51,214 | €36,587 | -€14,627 | -28.6% |
| Tangible fixed assets | 22/27 | €1,803,220 | €1,829,056 | +€25,836 | +1.4% |
| Land and buildings | 22 | €1,796,169 | €1,824,976 | +€28,807 | +1.6% |
| Plant, machinery and equipment | 23 | €4,935 | €2,118 | -€2,818 | -57.1% |
| Furniture and vehicles | 24 | €2,116 | €1,962 | -€154 | -7.3% |
| Financial fixed assets | 28 | €180,000 | €180,000 | = | 0.0% |
| Current assets | 29/58 | €230,790 | €122,021 | -€108,769 | -47.1% |
| Amounts receivable within one year | 40/41 | €109,523 | €13,452 | -€96,071 | -87.7% |
| Trade receivables | 40 | €109,523 | €13,452 | -€96,071 | -87.7% |
| Cash at bank and in hand | 54/58 | €121,267 | €108,570 | -€12,698 | -10.5% |
| Total equity and liabilities | 10/49 | €2,265,224 | €2,167,664 | -€97,560 | -4.3% |
| Equity | 10/15 | €1,514,167 | €1,710,719 | +€196,552 | +13.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €900,079 | €900,079 | = | 0.0% |
| Reserves | 13 | €464,088 | €660,640 | +€196,552 | +42.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €12,426 | €12,426 | = | 0.0% |
| Distributable reserves | 133 | €451,662 | €648,214 | +€196,552 | +43.5% |
| Amounts payable | 17/49 | €751,057 | €456,945 | -€294,112 | -39.2% |
| Amounts payable after more than one year | 17 | €292,155 | €142,648 | -€149,507 | -51.2% |
| Financial debts | 170/4 | €292,155 | €142,648 | -€149,507 | -51.2% |
| Amounts payable within one year | 42/48 | €458,902 | €314,297 | -€144,605 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €153,490 | €149,507 | -€3,983 | -2.6% |
| Financial debts | 43 | €150,000 | €0 | -€150,000 | -100.0% |
| Other loans | 439 | €150,000 | €0 | -€150,000 | -100.0% |
| Trade debts | 44 | €21,812 | €24,173 | +€2,361 | +10.8% |
| Suppliers | 440/4 | €21,812 | €24,173 | +€2,361 | +10.8% |
| Taxes, remuneration and social security | 45 | €133,118 | €138,284 | +€5,166 | +3.9% |
| Taxes | 450/3 | €133,118 | €138,284 | +€5,166 | +3.9% |
| Other amounts payable | 47/48 | €483 | €2,333 | +€1,850 | +383.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €8,011 | +€8,011 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,308 | €56,079 | -€228 | -0.4% |
| Other operating charges | 640/8 | €13,348 | €34,379 | +€21,031 | +157.6% |
| Gross operating margin | 9900 | €467,875 | €414,765 | -€53,111 | -11.4% |
| Operating profit (loss) | 9901 | €398,220 | €324,307 | -€73,913 | -18.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €19,205 | €15,647 | -€3,558 | -18.5% |
| Recurring financial charges | 65 | €19,205 | €15,647 | -€3,558 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €379,015 | €308,660 | -€70,355 | -18.6% |
| Income taxes | 67/77 | €98,319 | €112,108 | +€13,789 | +14.0% |
| Profit (loss) for the period | 9904 | €280,696 | €196,552 | -€84,144 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €280,696 | €196,552 | -€84,144 | -30.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.