WINGS & WONDERS: 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 & WONDERS
Largest movements
- Receivables within one year +€15,820
up €15,820 (+416%), from €3,800 to €19,620
of which Trade receivables: +€15,366
- Tangible fixed assets -€8,950
down €8,950 (-8.1%), from €110,850 to €101,900
of which Other tangible fixed assets: -€7,779
- Cash -€5,585
down €5,585 (-65.5%), from €8,529 to €2,944
mainly Receivables within one year (-€15,820) and Debts after one year (-€8,273)
- Debts after one year -€8,273
down €8,273 (-11.4%), from €72,697 to €64,424
- Reserves +€6,991
up €6,991 (+21.1%), from €33,128 to €40,119
- Other debts +€5,724
up €5,724 (+597%), from €958 to €6,682
- Tax, wage and social debts -€5,507
down €5,507 (-74.5%), from €7,397 to €1,890
of which Taxes: -€4,507
- Gross operating margin +€6,504
up €6,504 (+43.4%), from €14,995 to €21,498
- Taxes +€2,327
new in 2025: €2,327
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 | €125,708 | €126,002 | +€295 | +0.2% |
| Fixed assets | 21/28 | €112,125 | €102,185 | -€9,940 | -8.9% |
| Intangible fixed assets | 21 | €1,276 | €285 | -€991 | -77.7% |
| Tangible fixed assets | 22/27 | €110,850 | €101,900 | -€8,950 | -8.1% |
| Furniture and vehicles | 24 | €6,248 | €5,077 | -€1,171 | -18.7% |
| Other tangible fixed assets | 26 | €104,602 | €96,823 | -€7,779 | -7.4% |
| Current assets | 29/58 | €13,582 | €23,817 | +€10,235 | +75.4% |
| Amounts receivable within one year | 40/41 | €3,800 | €19,620 | +€15,820 | +416% |
| Trade receivables | 40 | €3,796 | €19,162 | +€15,366 | +405% |
| Other amounts receivable | 41 | €4 | €458 | +€454 | +11,290% |
| Cash at bank and in hand | 54/58 | €8,529 | €2,944 | -€5,585 | -65.5% |
| Deferred charges and accrued income | 490/1 | €1,254 | €1,254 | = | 0.0% |
| Total equity and liabilities | 10/49 | €125,708 | €126,002 | +€295 | +0.2% |
| Equity | 10/15 | €35,128 | €42,119 | +€6,991 | +19.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €33,128 | €40,119 | +€6,991 | +21.1% |
| Distributable reserves | 133 | €33,128 | €40,119 | +€6,991 | +21.1% |
| Amounts payable | 17/49 | €90,579 | €83,884 | -€6,696 | -7.4% |
| Amounts payable after more than one year | 17 | €72,697 | €64,424 | -€8,273 | -11.4% |
| Financial debts | 170/4 | €72,697 | €64,424 | -€8,273 | -11.4% |
| Amounts payable within one year | 42/48 | €17,883 | €19,460 | +€1,577 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €8,107 | €8,273 | +€165 | +2.0% |
| Trade debts | 44 | €1,420 | €2,615 | +€1,196 | +84.2% |
| Suppliers | 440/4 | €1,420 | €2,615 | +€1,196 | +84.2% |
| Taxes, remuneration and social security | 45 | €7,397 | €1,890 | -€5,507 | -74.5% |
| Taxes | 450/3 | €4,897 | €390 | -€4,507 | -92.0% |
| Remuneration and social security | 454/9 | €2,500 | €1,500 | -€1,000 | -40.0% |
| Other amounts payable | 47/48 | €958 | €6,682 | +€5,724 | +597% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,099 | €9,940 | -€159 | -1.6% |
| Other operating charges | 640/8 | €660 | €544 | -€116 | -17.5% |
| Gross operating margin | 9900 | €14,995 | €21,498 | +€6,504 | +43.4% |
| Operating profit (loss) | 9901 | €4,236 | €11,014 | +€6,778 | +160% |
| Financial income | 75/76B | €0 | €10 | +€9 | +31,567% |
| Recurring financial income | 75 | €0 | €10 | +€9 | +31,567% |
| Financial charges | 65/66B | €1,890 | €1,706 | -€184 | -9.7% |
| Recurring financial charges | 65 | €1,890 | €1,706 | -€184 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €2,346 | €9,318 | +€6,972 | +297% |
| Income taxes | 67/77 | - | €2,327 | +€2,327 | |
| Profit (loss) for the period | 9904 | €2,346 | €6,991 | +€4,644 | +198% |
| Profit (loss) for the period to be appropriated | 9905 | €2,346 | €6,991 | +€4,644 | +198% |
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 26 October 2026 via checked.be.