Gewaegd: 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.
Gewaegd
Largest movements
- Tangible fixed assets -€24,287
down €24,287 (-16.3%), from €149,365 to €125,079
of which Land and buildings: -€12,529
- Cash +€9,756
up €9,756 (+63.9%), from €15,266 to €25,022
mainly Depreciation (+€25,815) and Net result for the year (+€6,940)
- Receivables within one year -€2,280
down €2,280 (-11.2%), from €20,309 to €18,029
of which Trade receivables: -€3,546
- Tax, wage and social debts -€9,503
down €9,503 (-42.4%), from €22,406 to €12,903
of which Remuneration and social security: -€9,978
- Debts after one year -€9,314
down €9,314 (-8.1%), from €115,285 to €105,972
- Profit (loss) carried forward +€6,940
up €6,940 (+9.4%), from -€74,129 to -€67,189
- Trade debts -€4,373
down €4,373 (-25.2%), from €17,382 to €13,008
- Current portion of long-term debt -€2,252
down €2,252 (-3.7%), from €60,691 to €58,439
- Gross operating margin +€32,067
up €32,067 (+41.5%), from €77,244 to €109,311
- Staff costs -€8,965
down €8,965 (-11.7%), from €76,488 to €67,523
- Financial charges -€1,588
down €1,588 (-24.3%), from €6,543 to €4,956
- Other operating charges +€1,395
up €1,395 (+56.7%), from €2,463 to €3,858
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 | €199,219 | €179,549 | -€19,670 | -9.9% |
| Fixed assets | 21/28 | €149,365 | €125,079 | -€24,287 | -16.3% |
| Tangible fixed assets | 22/27 | €149,365 | €125,079 | -€24,287 | -16.3% |
| Land and buildings | 22 | €118,699 | €106,170 | -€12,529 | -10.6% |
| Plant, machinery and equipment | 23 | €22,305 | €12,072 | -€10,233 | -45.9% |
| Furniture and vehicles | 24 | €6,878 | €6,433 | -€446 | -6.5% |
| Other tangible fixed assets | 26 | €1,483 | €404 | -€1,079 | -72.7% |
| Current assets | 29/58 | €49,854 | €54,470 | +€4,616 | +9.3% |
| Stocks and contracts in progress | 3 | €13,106 | €11,420 | -€1,686 | -12.9% |
| Stocks | 30/36 | €13,106 | €11,420 | -€1,686 | -12.9% |
| Amounts receivable within one year | 40/41 | €20,309 | €18,029 | -€2,280 | -11.2% |
| Trade receivables | 40 | €17,570 | €14,024 | -€3,546 | -20.2% |
| Other amounts receivable | 41 | €2,738 | €4,005 | +€1,266 | +46.2% |
| Cash at bank and in hand | 54/58 | €15,266 | €25,022 | +€9,756 | +63.9% |
| Deferred charges and accrued income | 490/1 | €1,173 | - | -€1,173 | |
| Total equity and liabilities | 10/49 | €199,219 | €179,549 | -€19,670 | -9.9% |
| Equity | 10/15 | -€55,529 | -€48,589 | +€6,940 | +12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,129 | -€67,189 | +€6,940 | +9.4% |
| Amounts payable | 17/49 | €254,749 | €228,138 | -€26,611 | -10.4% |
| Amounts payable after more than one year | 17 | €115,285 | €105,972 | -€9,314 | -8.1% |
| Financial debts | 170/4 | €115,285 | €105,972 | -€9,314 | -8.1% |
| Amounts payable within one year | 42/48 | €129,483 | €112,186 | -€17,297 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €60,691 | €58,439 | -€2,252 | -3.7% |
| Trade debts | 44 | €17,382 | €13,008 | -€4,373 | -25.2% |
| Suppliers | 440/4 | €17,382 | €13,008 | -€4,373 | -25.2% |
| Taxes, remuneration and social security | 45 | €22,406 | €12,903 | -€9,503 | -42.4% |
| Taxes | 450/3 | €1,858 | €2,332 | +€474 | +25.5% |
| Remuneration and social security | 454/9 | €20,548 | €10,571 | -€9,978 | -48.6% |
| Other amounts payable | 47/48 | €29,004 | €27,836 | -€1,168 | -4.0% |
| Accrued charges and deferred income | 492/3 | €9,981 | €9,981 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €76,488 | €67,523 | -€8,965 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,306 | €25,815 | +€510 | +2.0% |
| Other operating charges | 640/8 | €2,463 | €3,858 | +€1,395 | +56.7% |
| Gross operating margin | 9900 | €77,244 | €109,311 | +€32,067 | +41.5% |
| Operating profit (loss) | 9901 | -€27,013 | €12,114 | +€39,127 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,543 | €4,956 | -€1,588 | -24.3% |
| Recurring financial charges | 65 | €6,543 | €4,956 | -€1,588 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | -€33,556 | €7,159 | +€40,715 | |
| Income taxes | 67/77 | €188 | €218 | +€31 | +16.4% |
| Profit (loss) for the period | 9904 | -€33,744 | €6,940 | +€40,684 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,744 | €6,940 | +€40,684 |
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 8 October 2026 via checked.be.