Gewelf Group: 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.
Gewelf Group
Largest movements
- Cash -€21,365
down €21,365 (-27.8%), from €76,851 to €55,486
mainly Accrued charges and deferred income (-€69,500) and Receivables within one year (-€1,370)
- Deferred charges and accrued income -€2,387
down €2,387 (-100.0%), from €2,387 to €0
- Receivables within one year +€1,370
up €1,370 (+37.6%), from €3,640 to €5,010
- Accrued charges and deferred income -€69,500
down €69,500 (-100.0%), from €69,500 to €0
- Trade debts +€35,386
up €35,386 (+731.2%), from €4,839 to €40,225
- Reserves +€11,791
up €11,791 (+667.5%), from €1,767 to €13,558
- Gross operating margin +€12,535
up €12,535 (+411.9%), from €3,043 to €15,578
- Taxes +€2,471
up €2,471 (+514.6%), from €480 to €2,952
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 | €82,878 | €60,496 | -€22,382 | -27.0% |
| Current assets | 29/58 | €82,878 | €60,496 | -€22,382 | -27.0% |
| Amounts receivable within one year | 40/41 | €3,640 | €5,010 | +€1,370 | +37.6% |
| Other amounts receivable | 41 | €3,640 | €5,010 | +€1,370 | +37.6% |
| Cash at bank and in hand | 54/58 | €76,851 | €55,486 | -€21,365 | -27.8% |
| Deferred charges and accrued income | 490/1 | €2,387 | €0 | -€2,387 | -100.0% |
| Total equity and liabilities | 10/49 | €82,878 | €60,496 | -€22,382 | -27.0% |
| Equity | 10/15 | €3,767 | €15,558 | +€11,791 | +313.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €1,767 | €13,558 | +€11,791 | +667.5% |
| Distributable reserves | 133 | €1,767 | €13,558 | +€11,791 | +667.5% |
| Amounts payable | 17/49 | €79,111 | €44,939 | -€34,173 | -43.2% |
| Amounts payable within one year | 42/48 | €9,611 | €44,939 | +€35,327 | +367.6% |
| Trade debts | 44 | €4,839 | €40,225 | +€35,386 | +731.2% |
| Suppliers | 440/4 | €4,839 | €40,225 | +€35,386 | +731.2% |
| Taxes, remuneration and social security | 45 | €4,772 | €4,713 | -€59 | -1.2% |
| Taxes | 450/3 | €4,772 | €4,713 | -€59 | -1.2% |
| Accrued charges and deferred income | 492/3 | €69,500 | €0 | -€69,500 | -100.0% |
| Other operating charges | 640/8 | €678 | €585 | -€93 | -13.7% |
| Gross operating margin | 9900 | €3,043 | €15,578 | +€12,535 | +411.9% |
| Operating profit (loss) | 9901 | €2,365 | €14,993 | +€12,628 | +534.0% |
| Financial income | 75/76B | €32 | €40 | +€8 | +23.7% |
| Recurring financial income | 75 | €32 | €40 | +€8 | +23.7% |
| Financial charges | 65/66B | €150 | €290 | +€140 | +93.0% |
| Recurring financial charges | 65 | €150 | €290 | +€140 | +93.0% |
| Profit (loss) for the period before taxes | 9903 | €2,247 | €14,743 | +€12,496 | +556.2% |
| Income taxes | 67/77 | €480 | €2,952 | +€2,471 | +514.6% |
| Profit (loss) for the period | 9904 | €1,767 | €11,791 | +€10,024 | +567.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,767 | €11,791 | +€10,024 | +567.5% |
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 1 October 2026 via checked.be.