WINGS EQUITY: 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 EQUITY
Largest movements
- Receivables within one year +€116,807
new in 2025: €116,807
- Reserves +€400,000
up €400,000 (+1,667%), from €24,000 to €424,000
of which Distributable reserves: +€400,000
- Profit (loss) carried forward -€266,099
down €266,099 (-6.2%), from €4.3m to €4.0m
- Current portion of long-term debt -€183,353
no longer reported in 2025 (was €183,353)
- Other debts +€141,756
up €141,756 (+746,086%), from €19 to €141,775
- Financial income +€450,121
up €450,121 (+300%), from €150,198 to €600,319
- Gross operating margin -€2,255
down €2,255 (-4.5%), from €50,265 to €48,010
- Financial charges -€1,613
down €1,613 (-45.4%), from €3,552 to €1,939
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 | €4,765,505 | €4,854,781 | +€89,275 | +1.9% |
| Fixed assets | 21/28 | €4,725,000 | €4,725,000 | = | 0.0% |
| Financial fixed assets | 28 | €4,725,000 | €4,725,000 | = | 0.0% |
| Current assets | 29/58 | €40,505 | €129,781 | +€89,275 | +220% |
| Amounts receivable within one year | 40/41 | - | €116,807 | +€116,807 | |
| Other amounts receivable | 41 | - | €116,807 | +€116,807 | |
| Cash at bank and in hand | 54/58 | €39,376 | €11,844 | -€27,532 | -69.9% |
| Deferred charges and accrued income | 490/1 | €1,129 | €1,129 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,765,505 | €4,854,781 | +€89,275 | +1.9% |
| Equity | 10/15 | €4,573,076 | €4,706,977 | +€133,901 | +2.9% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Reserves | 13 | €24,000 | €424,000 | +€400,000 | +1,667% |
| Non-distributable reserves | 130/1 | €24,000 | €24,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,000 | €24,000 | = | 0.0% |
| Distributable reserves | 133 | - | €400,000 | +€400,000 | |
| Profit (loss) carried forward | 14 | €4,309,076 | €4,042,977 | -€266,099 | -6.2% |
| Amounts payable | 17/49 | €192,430 | €147,804 | -€44,625 | -23.2% |
| Amounts payable within one year | 42/48 | €192,430 | €147,804 | -€44,625 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €183,353 | - | -€183,353 | |
| Trade debts | 44 | €1,060 | €1,967 | +€908 | +85.6% |
| Suppliers | 440/4 | €1,060 | €1,967 | +€908 | +85.6% |
| Taxes, remuneration and social security | 45 | €7,998 | €4,062 | -€3,936 | -49.2% |
| Taxes | 450/3 | €7,998 | €4,062 | -€3,936 | -49.2% |
| Other amounts payable | 47/48 | €19 | €141,775 | +€141,756 | +746,086% |
| Other operating charges | 640/8 | €968 | €1,148 | +€181 | +18.7% |
| Gross operating margin | 9900 | €50,265 | €48,010 | -€2,255 | -4.5% |
| Operating profit (loss) | 9901 | €49,297 | €46,862 | -€2,436 | -4.9% |
| Financial income | 75/76B | €150,198 | €600,319 | +€450,121 | +300% |
| Recurring financial income | 75 | €150,198 | €600,319 | +€450,121 | +300% |
| Financial charges | 65/66B | €3,552 | €1,939 | -€1,613 | -45.4% |
| Recurring financial charges | 65 | €3,552 | €1,939 | -€1,613 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €195,944 | €645,241 | +€449,297 | +229% |
| Income taxes | 67/77 | €11,502 | €11,340 | -€161 | -1.4% |
| Profit (loss) for the period | 9904 | €184,442 | €633,901 | +€449,459 | +244% |
| Profit (loss) for the period to be appropriated | 9905 | €184,442 | €633,901 | +€449,459 | +244% |
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 27 October 2026 via checked.be.