GEWE: 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.
GEWE
Largest movements
- Cash -€54,839
down €54,839 (-85.0%), from €64,528 to €9,689
mainly Current investments (-€50,000) and Contributions, distributions and other (-€19,119)
- Current investments +€50,000
up €50,000, from €0 to €50,000
- Tangible fixed assets -€6,311
down €6,311 (-9.0%), from €69,856 to €63,545
of which Plant, machinery and equipment: -€6,311
- Deferred charges and accrued income -€1,677
down €1,677 (-93.2%), from €1,800 to €123
- Reserves -€14,385
down €14,385 (-40.3%), from €35,719 to €21,334
of which Distributable reserves: -€14,385
- Trade debts +€1,516
new in 2025: €1,516
- Gross operating margin -€16,978
down €16,978 (-52.6%), from €32,263 to €15,285
- Taxes -€4,079
down €4,079 (-64.9%), from €6,288 to €2,209
- Depreciation -€3,924
down €3,924 (-38.3%), from €10,234 to €6,311
- Other operating charges -€2,331
down €2,331 (-47.5%), from €4,904 to €2,573
- Financial income -€2,131
down €2,131 (-78.8%), from €2,703 to €572
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 | €137,036 | €123,820 | -€13,216 | -9.6% |
| Fixed assets | 21/28 | €69,856 | €63,545 | -€6,311 | -9.0% |
| Tangible fixed assets | 22/27 | €69,856 | €63,545 | -€6,311 | -9.0% |
| Land and buildings | 22 | €27,888 | €27,888 | = | 0.0% |
| Plant, machinery and equipment | 23 | €41,968 | €35,657 | -€6,311 | -15.0% |
| Current assets | 29/58 | €67,180 | €60,275 | -€6,905 | -10.3% |
| Amounts receivable within one year | 40/41 | €852 | €463 | -€389 | -45.7% |
| Other amounts receivable | 41 | €852 | €463 | -€389 | -45.7% |
| Current investments | 50/53 | €0 | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €64,528 | €9,689 | -€54,839 | -85.0% |
| Deferred charges and accrued income | 490/1 | €1,800 | €123 | -€1,677 | -93.2% |
| Total equity and liabilities | 10/49 | €137,036 | €123,820 | -€13,216 | -9.6% |
| Equity | 10/15 | €136,542 | €122,157 | -€14,385 | -10.5% |
| Contributions | 10/11 | €31,250 | €31,250 | = | 0.0% |
| Reserves | 13 | €35,719 | €21,334 | -€14,385 | -40.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €35,719 | €21,334 | -€14,385 | -40.3% |
| Profit (loss) carried forward | 14 | €69,574 | €69,574 | = | 0.0% |
| Amounts payable | 17/49 | €493 | €1,662 | +€1,169 | +236.9% |
| Amounts payable within one year | 42/48 | €493 | €1,662 | +€1,169 | +236.9% |
| Trade debts | 44 | - | €1,516 | +€1,516 | |
| Suppliers | 440/4 | - | €1,516 | +€1,516 | |
| Taxes, remuneration and social security | 45 | €493 | €0 | -€493 | -100.0% |
| Taxes | 450/3 | €493 | €0 | -€493 | -100.0% |
| Other amounts payable | 47/48 | €0 | €147 | +€147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,234 | €6,311 | -€3,924 | -38.3% |
| Other operating charges | 640/8 | €4,904 | €2,573 | -€2,331 | -47.5% |
| Gross operating margin | 9900 | €32,263 | €15,285 | -€16,978 | -52.6% |
| Operating profit (loss) | 9901 | €17,125 | €6,401 | -€10,724 | -62.6% |
| Financial income | 75/76B | €2,703 | €572 | -€2,131 | -78.8% |
| Recurring financial income | 75 | €2,703 | €572 | -€2,131 | -78.8% |
| Financial charges | 65/66B | €65 | €30 | -€34 | -53.0% |
| Recurring financial charges | 65 | €65 | €30 | -€34 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €19,763 | €6,943 | -€12,820 | -64.9% |
| Income taxes | 67/77 | €6,288 | €2,209 | -€4,079 | -64.9% |
| Profit (loss) for the period | 9904 | €13,475 | €4,734 | -€8,741 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,475 | €4,734 | -€8,741 | -64.9% |
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 9 October 2026 via checked.be.