G. WIENEN: 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.
G. WIENEN
Largest movements
- Stocks and contracts -€351,619
down €351,619 (-100%), from €351,619 to €0
- Cash +€286,275
up €286,275 (+157%), from €182,729 to €469,004
mainly Stocks and contracts (+€351,619) and Other debts (+€316,860)
- Receivables within one year -€45,396
down €45,396 (-81.4%), from €55,774 to €10,378
of which Trade receivables: -€39,248
- Advances received -€324,907
down €324,907 (-100%), from €324,907 to €0
- Other debts +€316,860
up €316,860 (+2,138%), from €14,821 to €331,681
- Profit (loss) carried forward -€98,279
down €98,279 (-100%), from €98,279 to €0
- Trade debts -€67,040
down €67,040 (-79.9%), from €83,869 to €16,829
- Tax, wage and social debts +€62,387
up €62,387 (+3,227%), from €1,933 to €64,320
- Gross operating margin +€217,187
up €217,187 (+276%), from €78,738 to €295,925
- Taxes +€58,021
up €58,021 (+396%), from €14,651 to €72,672
- Financial charges -€8,920
down €8,920 (-63.7%), from €14,010 to €5,090
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 | €595,353 | €483,090 | -€112,263 | -18.9% |
| Fixed assets | 21/28 | €2,597 | €773 | -€1,825 | -70.3% |
| Tangible fixed assets | 22/27 | €2,597 | €773 | -€1,825 | -70.3% |
| Furniture and vehicles | 24 | €2,060 | €773 | -€1,287 | -62.5% |
| Other tangible fixed assets | 26 | €538 | €0 | -€538 | -100% |
| Current assets | 29/58 | €592,755 | €482,317 | -€110,438 | -18.6% |
| Stocks and contracts in progress | 3 | €351,619 | €0 | -€351,619 | -100% |
| Contracts in progress | 37 | €351,619 | €0 | -€351,619 | -100% |
| Amounts receivable within one year | 40/41 | €55,774 | €10,378 | -€45,396 | -81.4% |
| Trade receivables | 40 | €39,248 | €0 | -€39,248 | -100% |
| Other amounts receivable | 41 | €16,525 | €10,378 | -€6,148 | -37.2% |
| Cash at bank and in hand | 54/58 | €182,729 | €469,004 | +€286,275 | +157% |
| Deferred charges and accrued income | 490/1 | €2,633 | €2,936 | +€303 | +11.5% |
| Total equity and liabilities | 10/49 | €595,353 | €483,090 | -€112,263 | -18.9% |
| Equity | 10/15 | €118,739 | €18,600 | -€100,139 | -84.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €1,860 | €0 | -€1,860 | -100% |
| Profit (loss) carried forward | 14 | €98,279 | €0 | -€98,279 | -100% |
| Amounts payable | 17/49 | €476,614 | €464,490 | -€12,124 | -2.5% |
| Amounts payable after more than one year | 17 | €45,000 | €45,000 | = | 0.0% |
| Financial debts | 170/4 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €425,530 | €412,830 | -€12,700 | -3.0% |
| Trade debts | 44 | €83,869 | €16,829 | -€67,040 | -79.9% |
| Suppliers | 440/4 | €83,869 | €16,829 | -€67,040 | -79.9% |
| Advances received on contracts in progress | 46 | €324,907 | €0 | -€324,907 | -100% |
| Taxes, remuneration and social security | 45 | €1,933 | €64,320 | +€62,387 | +3,227% |
| Taxes | 450/3 | €1,933 | €64,320 | +€62,387 | +3,227% |
| Other amounts payable | 47/48 | €14,821 | €331,681 | +€316,860 | +2,138% |
| Accrued charges and deferred income | 492/3 | €6,084 | €6,660 | +€576 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,625 | €1,825 | +€200 | +12.3% |
| Other operating charges | 640/8 | €1,502 | €1,095 | -€406 | -27.0% |
| Gross operating margin | 9900 | €78,738 | €295,925 | +€217,187 | +276% |
| Operating profit (loss) | 9901 | €75,612 | €293,005 | +€217,393 | +288% |
| Financial income | 75/76B | €576 | €442 | -€134 | -23.3% |
| Recurring financial income | 75 | €576 | €442 | -€134 | -23.3% |
| Financial charges | 65/66B | €14,010 | €5,090 | -€8,920 | -63.7% |
| Recurring financial charges | 65 | €14,010 | €5,090 | -€8,920 | -63.7% |
| Profit (loss) for the period before taxes | 9903 | €62,178 | €288,356 | +€226,178 | +364% |
| Income taxes | 67/77 | €14,651 | €72,672 | +€58,021 | +396% |
| Profit (loss) for the period | 9904 | €47,527 | €215,684 | +€168,157 | +354% |
| Profit (loss) for the period to be appropriated | 9905 | €47,527 | €215,684 | +€168,157 | +354% |
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.