WINGS INCENTIVES & EVENTS: what changed
What changed
WINGS INCENTIVES & EVENTS
NACE 79.120, Travel agency, tour operator and other reservation service and related activities
filed annual accounts (NBB)
Net result for the year
€26,134
2024 · €50,389-€24,255
Equity
€95,939
2024 · €69,805+€26,134
Cash
€264,479
2024 · €173,461+€91,019
Balance sheet total
€765,222
2024 · €635,781+€129,441
Largest movements
Assets
- Cash +€91,019
up €91,019 (+52.5%), from €173,461 to €264,479
mainly Other debts (+€32,446) and Advances received (+€30,840)
- Stocks and contracts +€60,277
up €60,277 (+52.1%), from €115,802 to €176,079
- Tangible fixed assets -€14,112
down €14,112 (-5.4%), from €259,479 to €245,367
Equity and liabilities
- Other debts +€32,446
up €32,446 (+7,557%), from €429 to €32,875
- Advances received +€30,840
new in 2025: €30,840
- Reserves +€26,000
up €26,000 (+59.1%), from €44,000 to €70,000
- Accrued charges and deferred income +€22,252
up €22,252 (+13.7%), from €162,874 to €185,127
- Trade debts +€11,702
up €11,702 (+89.0%), from €13,148 to €24,849
Income statement
- Gross operating margin -€43,348
down €43,348 (-29.6%), from €146,204 to €102,856
- Taxes -€12,182
down €12,182 (-38.3%), from €31,769 to €19,587
- Financial charges -€6,212
down €6,212 (-18.7%), from €33,169 to €26,957
- Financial income +€1,496
up €1,496 (+422%), from €354 to €1,850
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€50,389
Gross operating margin
-€43,348
Depreciation
-€681
Other operating charges
-€116
Financial income
+€1,496
Financial charges
+€6,212
Taxes
+€12,182
Result 2025
€26,134
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€100,049
Investment
-€9,031
Financing
€0
Cash 2024
€173,461
From operations (derived)
+€100,049
Net result for the year
+€26,134
Depreciation
+€30,143
Stocks and contracts
-€60,277
Receivables within one year
+€3,258
Deferred charges and accrued income
-€2,515
Trade debts
+€11,702
Tax, wage and social debts
+€6,066
Advances received
+€30,840
Other debts
+€32,446
Accrued charges and deferred income
+€22,252
Investment (derived)
-€9,031
Investment in fixed assets (net)
-€9,031
Cash 2025
€264,479
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €635,781 | €765,222 | +€129,441 | +20.4% |
| Fixed assets | 21/28 | €319,029 | €297,917 | -€21,112 | -6.6% |
| Intangible fixed assets | 21 | €59,452 | €52,452 | -€7,000 | -11.8% |
| Tangible fixed assets | 22/27 | €259,479 | €245,367 | -€14,112 | -5.4% |
| Land and buildings | 22 | €229,740 | €223,345 | -€6,395 | -2.8% |
| Plant, machinery and equipment | 23 | €2,489 | €822 | -€1,667 | -67.0% |
| Furniture and vehicles | 24 | €27,250 | €21,199 | -€6,051 | -22.2% |
| Financial fixed assets | 28 | €98 | €98 | = | 0.0% |
| Current assets | 29/58 | €316,752 | €467,305 | +€150,553 | +47.5% |
| Stocks and contracts in progress | 3 | €115,802 | €176,079 | +€60,277 | +52.1% |
| Contracts in progress | 37 | €115,802 | €176,079 | +€60,277 | +52.1% |
| Amounts receivable within one year | 40/41 | €24,726 | €21,468 | -€3,258 | -13.2% |
| Trade receivables | 40 | €24,706 | €10,762 | -€13,944 | -56.4% |
| Other amounts receivable | 41 | €20 | €10,705 | +€10,686 | +54,353% |
| Cash at bank and in hand | 54/58 | €173,461 | €264,479 | +€91,019 | +52.5% |
| Deferred charges and accrued income | 490/1 | €2,764 | €5,279 | +€2,515 | +91.0% |
| Total equity and liabilities | 10/49 | €635,781 | €765,222 | +€129,441 | +20.4% |
| Equity | 10/15 | €69,805 | €95,939 | +€26,134 | +37.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €44,000 | €70,000 | +€26,000 | +59.1% |
| Distributable reserves | 133 | €44,000 | €70,000 | +€26,000 | +59.1% |
| Profit (loss) carried forward | 14 | €805 | €939 | +€134 | +16.7% |
| Amounts payable | 17/49 | €565,976 | €669,282 | +€103,306 | +18.3% |
| Amounts payable after more than one year | 17 | €377,479 | €377,479 | = | 0.0% |
| Other amounts payable | 178/9 | €377,479 | €377,479 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,623 | €106,677 | +€81,054 | +316% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €13,148 | €24,849 | +€11,702 | +89.0% |
| Suppliers | 440/4 | €13,148 | €24,849 | +€11,702 | +89.0% |
| Advances received on contracts in progress | 46 | - | €30,840 | +€30,840 | |
| Taxes, remuneration and social security | 45 | €12,046 | €18,112 | +€6,066 | +50.4% |
| Taxes | 450/3 | €12,046 | €18,112 | +€6,066 | +50.4% |
| Other amounts payable | 47/48 | €429 | €32,875 | +€32,446 | +7,557% |
| Accrued charges and deferred income | 492/3 | €162,874 | €185,127 | +€22,252 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,462 | €30,143 | +€681 | +2.3% |
| Other operating charges | 640/8 | €1,769 | €1,885 | +€116 | +6.5% |
| Gross operating margin | 9900 | €146,204 | €102,856 | -€43,348 | -29.6% |
| Operating profit (loss) | 9901 | €114,973 | €70,828 | -€44,145 | -38.4% |
| Financial income | 75/76B | €354 | €1,850 | +€1,496 | +422% |
| Recurring financial income | 75 | €354 | €1,850 | +€1,496 | +422% |
| Financial charges | 65/66B | €33,169 | €26,957 | -€6,212 | -18.7% |
| Recurring financial charges | 65 | €33,169 | €26,957 | -€6,212 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €82,158 | €45,721 | -€36,436 | -44.3% |
| Income taxes | 67/77 | €31,769 | €19,587 | -€12,182 | -38.3% |
| Profit (loss) for the period | 9904 | €50,389 | €26,134 | -€24,255 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,389 | €26,134 | -€24,255 | -48.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.