WINGWEST: what changed
Two fiscal 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.
WINGWEST
Largest movements
- Cash -€79,496
down €79,496 (-89.4%), from €88,925 to €9,428
mainly Net result for the year (-€74,856) and Investment in fixed assets (net) (-€45,084)
- Profit (loss) carried forward -€74,856
down €74,856 (-43.2%), from -€173,223 to -€248,079
- Gross operating margin -€37,928
down €37,928, from €4,647 to -€33,281
- Depreciation +€2,861
up €2,861 (+7.9%), from €36,000 to €38,861
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.
Cash bridge derived
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 | €826,777 | €753,503 | -€73,273 | -8.9% |
| Fixed assets | 21/28 | €737,852 | €744,075 | +€6,223 | +0.8% |
| Tangible fixed assets | 22/27 | €737,852 | €744,075 | +€6,223 | +0.8% |
| Land and buildings | 22 | €737,852 | €738,440 | +€588 | +0.1% |
| Plant, machinery and equipment | 23 | - | €5,635 | +€5,635 | |
| Current assets | 29/58 | €88,925 | €9,428 | -€79,496 | -89.4% |
| Cash at bank and in hand | 54/58 | €88,925 | €9,428 | -€79,496 | -89.4% |
| Total equity and liabilities | 10/49 | €826,777 | €753,503 | -€73,273 | -8.9% |
| Equity | 10/15 | €826,777 | €751,921 | -€74,856 | -9.1% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,223 | -€248,079 | -€74,856 | -43.2% |
| Amounts payable | 17/49 | - | €1,582 | +€1,582 | |
| Amounts payable within one year | 42/48 | - | €1,582 | +€1,582 | |
| Trade debts | 44 | - | €1,582 | +€1,582 | |
| Suppliers | 440/4 | - | €1,582 | +€1,582 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,000 | €38,861 | +€2,861 | +7.9% |
| Other operating charges | 640/8 | €2,715 | €2,670 | -€45 | -1.7% |
| Gross operating margin | 9900 | €4,647 | -€33,281 | -€37,928 | |
| Operating profit (loss) | 9901 | -€34,068 | -€74,812 | -€40,744 | -119.6% |
| Financial charges | 65/66B | €44 | €44 | = | 0.0% |
| Recurring financial charges | 65 | €44 | €44 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€34,112 | -€74,856 | -€40,744 | -119.4% |
| Profit (loss) for the period | 9904 | -€34,112 | -€74,856 | -€40,744 | -119.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,112 | -€74,856 | -€40,744 | -119.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.