WINGS 2 SPREAD: 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 2 SPREAD
Largest movements
- Cash -€3,740
down €3,740 (-51.7%), from €7,235 to €3,495
mainly Net result for the year (-€11,503) and Tax, wage and social debts (-€8,679)
- Tangible fixed assets -€3,464
down €3,464 (-48.2%), from €7,193 to €3,730
of which Furniture and vehicles: -€2,858
- Receivables within one year +€1,430
up €1,430 (+51.0%), from €2,805 to €4,235
of which Trade receivables: +€2,608
- Other debts +€15,749
up €15,749 (+3,500%), from €450 to €16,199
- Profit (loss) carried forward -€11,503
down €11,503 (-71.2%), from -€16,157 to -€27,661
- Tax, wage and social debts -€8,679
down €8,679 (-94.8%), from €9,155 to €476
of which Taxes: -€5,689
- Trade debts -€1,328
down €1,328 (-11.8%), from €11,289 to €9,961
- Depreciation -€6,118
down €6,118 (-63.8%), from €9,581 to €3,464
- Staff costs -€3,394
no longer reported in 2025 (was €3,394)
- Gross operating margin -€3,184
down €3,184 (-138%), from -€2,314 to -€5,498
- Other operating charges +€1,479
up €1,479 (+215%), from €688 to €2,167
- Financial charges +€180
up €180 (+215%), from €84 to €264
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 | €23,336 | €17,575 | -€5,762 | -24.7% |
| Fixed assets | 21/28 | €7,193 | €3,730 | -€3,464 | -48.2% |
| Tangible fixed assets | 22/27 | €7,193 | €3,730 | -€3,464 | -48.2% |
| Furniture and vehicles | 24 | €3,938 | €1,080 | -€2,858 | -72.6% |
| Leasing and similar rights | 25 | €3,256 | €2,650 | -€606 | -18.6% |
| Current assets | 29/58 | €16,143 | €13,845 | -€2,298 | -14.2% |
| Amounts receivable within one year | 40/41 | €2,805 | €4,235 | +€1,430 | +51.0% |
| Trade receivables | 40 | €1,627 | €4,235 | +€2,608 | +160% |
| Other amounts receivable | 41 | €1,178 | - | -€1,178 | |
| Cash at bank and in hand | 54/58 | €7,235 | €3,495 | -€3,740 | -51.7% |
| Deferred charges and accrued income | 490/1 | €6,103 | €6,115 | +€12 | +0.2% |
| Total equity and liabilities | 10/49 | €23,336 | €17,575 | -€5,762 | -24.7% |
| Equity | 10/15 | €2,443 | -€9,061 | -€11,503 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,157 | -€27,661 | -€11,503 | -71.2% |
| Amounts payable | 17/49 | €20,894 | €26,635 | +€5,742 | +27.5% |
| Amounts payable within one year | 42/48 | €20,894 | €26,635 | +€5,742 | +27.5% |
| Trade debts | 44 | €11,289 | €9,961 | -€1,328 | -11.8% |
| Suppliers | 440/4 | €11,289 | €9,961 | -€1,328 | -11.8% |
| Taxes, remuneration and social security | 45 | €9,155 | €476 | -€8,679 | -94.8% |
| Taxes | 450/3 | €6,164 | €476 | -€5,689 | -92.3% |
| Remuneration and social security | 454/9 | €2,990 | - | -€2,990 | |
| Other amounts payable | 47/48 | €450 | €16,199 | +€15,749 | +3,500% |
| Remuneration, social security and pensions | 62 | €3,394 | - | -€3,394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,581 | €3,464 | -€6,118 | -63.8% |
| Other operating charges | 640/8 | €688 | €2,167 | +€1,479 | +215% |
| Gross operating margin | 9900 | -€2,314 | -€5,498 | -€3,184 | -138% |
| Operating profit (loss) | 9901 | -€15,977 | -€11,129 | +€4,849 | +30.3% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €84 | €264 | +€180 | +215% |
| Recurring financial charges | 65 | €84 | €264 | +€180 | +215% |
| Profit (loss) for the period before taxes | 9903 | -€16,061 | -€11,362 | +€4,699 | +29.3% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€16,201 | -€11,503 | +€4,697 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,201 | -€11,503 | +€4,697 | +29.0% |
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 17 October 2026 via checked.be.