WINGS FARMA: 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 FARMA
Largest movements
- Tangible fixed assets -€63,250
down €63,250 (-8.3%), from €757,687 to €694,437
of which Land and buildings: -€57,606
- Receivables within one year +€51,212
up €51,212 (+86.5%), from €59,176 to €110,388
of which Trade receivables: +€46,212
- Cash +€45,499
up €45,499 (+74.0%), from €61,493 to €106,992
mainly Depreciation (+€69,522) and Trade debts (+€42,693)
- Trade debts +€42,693
up €42,693 (+1,016%), from €4,203 to €46,896
- Other debts -€21,571
down €21,571 (-2.7%), from €791,884 to €770,313
- Accrued charges and deferred income +€12,550
new in 2025: €12,550
- Financial charges -€17,559
down €17,559 (-98.0%), from €17,911 to €352
- Gross operating margin +€5,638
up €5,638 (+5.8%), from €97,542 to €103,180
- Depreciation +€1,701
up €1,701 (+2.5%), from €67,821 to €69,522
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 | €880,916 | €916,013 | +€35,097 | +4.0% |
| Fixed assets | 21/28 | €757,687 | €694,437 | -€63,250 | -8.3% |
| Tangible fixed assets | 22/27 | €757,687 | €694,437 | -€63,250 | -8.3% |
| Land and buildings | 22 | €725,837 | €668,231 | -€57,606 | -7.9% |
| Plant, machinery and equipment | 23 | €399 | €944 | +€545 | +137% |
| Furniture and vehicles | 24 | €31,451 | €25,262 | -€6,189 | -19.7% |
| Current assets | 29/58 | €123,229 | €221,576 | +€98,347 | +79.8% |
| Stocks and contracts in progress | 3 | €360 | - | -€360 | |
| Stocks | 30/36 | €360 | - | -€360 | |
| Amounts receivable within one year | 40/41 | €59,176 | €110,388 | +€51,212 | +86.5% |
| Trade receivables | 40 | €15,080 | €61,292 | +€46,212 | +306% |
| Other amounts receivable | 41 | €44,096 | €49,096 | +€5,000 | +11.3% |
| Cash at bank and in hand | 54/58 | €61,493 | €106,992 | +€45,499 | +74.0% |
| Deferred charges and accrued income | 490/1 | €2,200 | €4,196 | +€1,996 | +90.7% |
| Total equity and liabilities | 10/49 | €880,916 | €916,013 | +€35,097 | +4.0% |
| Equity | 10/15 | €73,755 | €75,950 | +€2,195 | +3.0% |
| Contributions | 10/11 | €87,650 | €87,650 | = | 0.0% |
| Reserves | 13 | €9,574 | €9,574 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,574 | €9,574 | = | 0.0% |
| Other | 1319 | €9,574 | €9,574 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,469 | -€21,274 | +€2,195 | +9.4% |
| Amounts payable | 17/49 | €807,161 | €840,063 | +€32,902 | +4.1% |
| Amounts payable within one year | 42/48 | €807,161 | €827,513 | +€20,352 | +2.5% |
| Trade debts | 44 | €4,203 | €46,896 | +€42,693 | +1,016% |
| Suppliers | 440/4 | €4,203 | €46,896 | +€42,693 | +1,016% |
| Taxes, remuneration and social security | 45 | €11,074 | €10,304 | -€770 | -7.0% |
| Taxes | 450/3 | €11,074 | €10,304 | -€770 | -7.0% |
| Other amounts payable | 47/48 | €791,884 | €770,313 | -€21,571 | -2.7% |
| Accrued charges and deferred income | 492/3 | - | €12,550 | +€12,550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,821 | €69,522 | +€1,701 | +2.5% |
| Other operating charges | 640/8 | €10,121 | €9,973 | -€148 | -1.5% |
| Non-recurring operating charges | 66A | - | €20,962 | +€20,962 | |
| Gross operating margin | 9900 | €97,542 | €103,180 | +€5,638 | +5.8% |
| Operating profit (loss) | 9901 | €19,600 | €2,723 | -€16,877 | -86.1% |
| Financial charges | 65/66B | €17,911 | €352 | -€17,559 | -98.0% |
| Recurring financial charges | 65 | €17,911 | €352 | -€17,559 | -98.0% |
| Profit (loss) for the period before taxes | 9903 | €1,689 | €2,371 | +€682 | +40.4% |
| Income taxes | 67/77 | €160 | €176 | +€16 | +10.0% |
| Profit (loss) for the period | 9904 | €1,529 | €2,195 | +€666 | +43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,529 | €2,195 | +€666 | +43.6% |
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 19 October 2026 via checked.be.