Wings: 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.
Wings
Largest movements
- Cash +€25,910
up €25,910 (+26.4%), from €98,058 to €123,968
mainly Other debts (+€18,346) and Net result for the year (+€10,862)
- Tangible fixed assets -€9,520
down €9,520 (-26.0%), from €36,557 to €27,036
of which Plant, machinery and equipment: -€6,488
- Deferred charges and accrued income +€6,205
up €6,205 (+136%), from €4,577 to €10,782
- Receivables within one year -€6,093
down €6,093 (-30.7%), from €19,831 to €13,738
of which Other amounts receivable: -€4,326
- Other debts +€18,346
up €18,346 (+555,951%), from €3 to €18,350
- Reserves +€10,862
up €10,862 (+24.2%), from €44,903 to €55,765
- Tax, wage and social debts -€5,820
down €5,820 (-93.9%), from €6,195 to €375
of which Taxes: -€5,820
- Accrued charges and deferred income -€4,351
down €4,351 (-80.5%), from €5,408 to €1,057
- Trade debts -€2,535
down €2,535 (-80.7%), from €3,142 to €608
- Gross operating margin +€13,953
up €13,953 (+74.0%), from €18,847 to €32,800
- Taxes +€6,071
up €6,071 (+1,129%), from €538 to €6,609
- Depreciation -€3,425
down €3,425 (-26.5%), from €12,945 to €9,520
- Staff costs -€913
down €913 (-21.8%), from €4,195 to €3,282
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 | €159,023 | €175,524 | +€16,502 | +10.4% |
| Fixed assets | 21/28 | €36,557 | €27,036 | -€9,520 | -26.0% |
| Tangible fixed assets | 22/27 | €36,557 | €27,036 | -€9,520 | -26.0% |
| Land and buildings | 22 | €20,143 | €17,111 | -€3,032 | -15.1% |
| Plant, machinery and equipment | 23 | €16,414 | €9,925 | -€6,488 | -39.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €122,466 | €148,488 | +€26,022 | +21.2% |
| Amounts receivable within one year | 40/41 | €19,831 | €13,738 | -€6,093 | -30.7% |
| Trade receivables | 40 | €1,767 | €0 | -€1,767 | -100% |
| Other amounts receivable | 41 | €18,063 | €13,738 | -€4,326 | -23.9% |
| Cash at bank and in hand | 54/58 | €98,058 | €123,968 | +€25,910 | +26.4% |
| Deferred charges and accrued income | 490/1 | €4,577 | €10,782 | +€6,205 | +136% |
| Total equity and liabilities | 10/49 | €159,023 | €175,524 | +€16,502 | +10.4% |
| Equity | 10/15 | €144,273 | €155,135 | +€10,862 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,903 | €55,765 | +€10,862 | +24.2% |
| Distributable reserves | 133 | €44,903 | €55,765 | +€10,862 | +24.2% |
| Profit (loss) carried forward | 14 | €80,771 | €80,771 | = | 0.0% |
| Amounts payable | 17/49 | €14,749 | €20,389 | +€5,640 | +38.2% |
| Amounts payable within one year | 42/48 | €9,341 | €19,332 | +€9,991 | +107% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,142 | €608 | -€2,535 | -80.7% |
| Suppliers | 440/4 | €3,142 | €608 | -€2,535 | -80.7% |
| Taxes, remuneration and social security | 45 | €6,195 | €375 | -€5,820 | -93.9% |
| Taxes | 450/3 | €6,195 | €375 | -€5,820 | -93.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3 | €18,350 | +€18,346 | +555,951% |
| Accrued charges and deferred income | 492/3 | €5,408 | €1,057 | -€4,351 | -80.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €4,195 | €3,282 | -€913 | -21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,945 | €9,520 | -€3,425 | -26.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,391 | €1,123 | -€268 | -19.3% |
| Gross operating margin | 9900 | €18,847 | €32,800 | +€13,953 | +74.0% |
| Operating profit (loss) | 9901 | €315 | €18,874 | +€18,559 | +5,892% |
| Financial income | 75/76B | €115 | €161 | +€46 | +40.0% |
| Recurring financial income | 75 | €115 | €161 | +€46 | +40.0% |
| Financial charges | 65/66B | €1,744 | €1,565 | -€180 | -10.3% |
| Recurring financial charges | 65 | €1,744 | €1,565 | -€180 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,314 | €17,471 | +€18,785 | |
| Income taxes | 67/77 | €538 | €6,609 | +€6,071 | +1,129% |
| Profit (loss) for the period | 9904 | -€1,852 | €10,862 | +€12,714 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,852 | €10,862 | +€12,714 |
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 13 October 2026 via checked.be.