WINGS MANAGEMENT & CONSULTING: 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 MANAGEMENT & CONSULTING
Largest movements
- Receivables after one year +€600,000
up €600,000 (+120%), from €500,000 to €1.1m
- Cash -€136,848
down €136,848 (-47.9%), from €285,982 to €149,135
mainly Receivables after one year (-€600,000) and Tax, wage and social debts (-€216,521)
- Profit (loss) carried forward +€686,452
up €686,452 (+56.5%), from €1.2m to €1.9m
- Tax, wage and social debts -€216,521
down €216,521 (-71.1%), from €304,438 to €87,917
of which Taxes: -€215,771
- Other debts +€115,217
up €115,217 (+68.8%), from €167,543 to €282,760
- Debts after one year -€96,300
down €96,300 (-16.4%), from €588,868 to €492,568
- Short-term financial debts -€39,996
down €39,996 (-11.1%), from €360,004 to €320,008
- Gross operating margin -€65,689
down €65,689 (-5.7%), from €1.2m to €1.1m
- Other operating charges -€58,700
down €58,700 (-98.1%), from €59,843 to €1,143
- Staff costs -€37,916
down €37,916 (-100%), from €37,916 to €0
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 | €2,875,183 | €3,322,126 | +€446,943 | +15.5% |
| Fixed assets | 21/28 | €1,913,055 | €1,901,322 | -€11,733 | -0.6% |
| Tangible fixed assets | 22/27 | €932,680 | €920,947 | -€11,733 | -1.3% |
| Land and buildings | 22 | €932,172 | €920,656 | -€11,515 | -1.2% |
| Furniture and vehicles | 24 | €508 | €290 | -€218 | -42.8% |
| Financial fixed assets | 28 | €980,375 | €980,375 | = | 0.0% |
| Current assets | 29/58 | €962,129 | €1,420,805 | +€458,676 | +47.7% |
| Amounts receivable after more than one year | 29 | €500,000 | €1,100,000 | +€600,000 | +120% |
| Trade receivables | 290 | €500,000 | €1,100,000 | +€600,000 | +120% |
| Amounts receivable within one year | 40/41 | €51,146 | €46,670 | -€4,476 | -8.8% |
| Trade receivables | 40 | €29,425 | €24,244 | -€5,182 | -17.6% |
| Other amounts receivable | 41 | €21,721 | €22,426 | +€706 | +3.2% |
| Cash at bank and in hand | 54/58 | €285,982 | €149,135 | -€136,848 | -47.9% |
| Deferred charges and accrued income | 490/1 | €125,000 | €125,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,875,183 | €3,322,126 | +€446,943 | +15.5% |
| Equity | 10/15 | €1,234,559 | €1,921,011 | +€686,452 | +55.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,214,099 | €1,900,551 | +€686,452 | +56.5% |
| Amounts payable | 17/49 | €1,640,624 | €1,401,115 | -€239,509 | -14.6% |
| Amounts payable after more than one year | 17 | €588,868 | €492,568 | -€96,300 | -16.4% |
| Financial debts | 170/4 | €588,868 | €492,568 | -€96,300 | -16.4% |
| Amounts payable within one year | 42/48 | €1,051,756 | €908,548 | -€143,209 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €210,124 | €211,030 | +€905 | +0.4% |
| Financial debts | 43 | €360,004 | €320,008 | -€39,996 | -11.1% |
| Credit institutions | 430/8 | €360,004 | €320,008 | -€39,996 | -11.1% |
| Trade debts | 44 | €9,647 | €6,834 | -€2,813 | -29.2% |
| Suppliers | 440/4 | €9,647 | €6,834 | -€2,813 | -29.2% |
| Taxes, remuneration and social security | 45 | €304,438 | €87,917 | -€216,521 | -71.1% |
| Taxes | 450/3 | €303,688 | €87,917 | -€215,771 | -71.1% |
| Remuneration and social security | 454/9 | €750 | €0 | -€750 | -100% |
| Other amounts payable | 47/48 | €167,543 | €282,760 | +€115,217 | +68.8% |
| Non-recurring operating income | 76A | €97,979 | €0 | -€97,979 | -100% |
| Remuneration, social security and pensions | 62 | €37,916 | €0 | -€37,916 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,733 | €11,733 | = | 0.0% |
| Other operating charges | 640/8 | €59,843 | €1,143 | -€58,700 | -98.1% |
| Gross operating margin | 9900 | €1,161,689 | €1,096,000 | -€65,689 | -5.7% |
| Operating profit (loss) | 9901 | €1,052,198 | €1,083,125 | +€30,927 | +2.9% |
| Financial income | 75/76B | €1,209 | €1,218 | +€9 | +0.7% |
| Recurring financial income | 75 | €1,209 | €1,218 | +€9 | +0.7% |
| Financial charges | 65/66B | €43,094 | €41,847 | -€1,247 | -2.9% |
| Recurring financial charges | 65 | €43,094 | €41,847 | -€1,247 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €1,010,312 | €1,042,495 | +€32,183 | +3.2% |
| Income taxes | 67/77 | €255,781 | €256,043 | +€262 | +0.1% |
| Profit (loss) for the period | 9904 | €754,531 | €786,452 | +€31,920 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €754,531 | €786,452 | +€31,920 | +4.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.