GEWEPA BEHEER BVBA: 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.
GEWEPA BEHEER BVBA
Largest movements
- Tangible fixed assets -€57,484
down €57,484 (-2.9%), from €2.0m to €1.9m
of which Land and buildings: -€29,785
- Receivables after one year -€25,000
down €25,000 (-10.2%), from €244,586 to €219,586
- Debts after one year -€101,950
down €101,950 (-14.9%), from €683,169 to €581,219
- Reserves +€30,707
up €30,707 (+2.6%), from €1.2m to €1.2m
of which Distributable reserves: +€59,669
- Financial income -€21,706
down €21,706 (-82.6%), from €26,283 to €4,577
- Financial charges +€7,993
up €7,993 (+49.7%), from €16,073 to €24,067
- Taxes -€7,339
down €7,339 (-27.0%), from €27,229 to €19,890
- Other operating charges -€1,747
down €1,747 (-23.0%), from €7,592 to €5,844
- Gross operating margin -€1,404
down €1,404 (-1.1%), from €125,164 to €123,761
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 | €2,285,924 | €2,208,195 | -€77,729 | -3.4% |
| Fixed assets | 21/28 | €1,976,221 | €1,918,737 | -€57,484 | -2.9% |
| Tangible fixed assets | 22/27 | €1,976,221 | €1,918,737 | -€57,484 | -2.9% |
| Land and buildings | 22 | €1,948,523 | €1,918,737 | -€29,785 | -1.5% |
| Plant, machinery and equipment | 23 | €27,699 | - | -€27,699 | |
| Current assets | 29/58 | €309,703 | €289,458 | -€20,245 | -6.5% |
| Amounts receivable after more than one year | 29 | €244,586 | €219,586 | -€25,000 | -10.2% |
| Other amounts receivable | 291 | €244,586 | €219,586 | -€25,000 | -10.2% |
| Amounts receivable within one year | 40/41 | €530 | €4,687 | +€4,157 | +784% |
| Trade receivables | 40 | - | €4,577 | +€4,577 | |
| Other amounts receivable | 41 | €530 | €110 | -€420 | -79.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €64,587 | €65,185 | +€598 | +0.9% |
| Total equity and liabilities | 10/49 | €2,285,924 | €2,208,195 | -€77,729 | -3.4% |
| Equity | 10/15 | €1,246,753 | €1,277,460 | +€30,707 | +2.5% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €1,191,753 | €1,222,460 | +€30,707 | +2.6% |
| Tax-exempt reserves | 132 | €785,546 | €756,583 | -€28,962 | -3.7% |
| Distributable reserves | 133 | €406,208 | €465,877 | +€59,669 | +14.7% |
| Provisions and deferred taxes | 16 | €257,220 | €247,566 | -€9,654 | -3.8% |
| Deferred taxes | 168 | €257,220 | €247,566 | -€9,654 | -3.8% |
| Amounts payable | 17/49 | €781,951 | €683,169 | -€98,782 | -12.6% |
| Amounts payable after more than one year | 17 | €683,169 | €581,219 | -€101,950 | -14.9% |
| Financial debts | 170/4 | €683,169 | €581,219 | -€101,950 | -14.9% |
| Amounts payable within one year | 42/48 | €98,782 | €101,950 | +€3,168 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €98,782 | €101,950 | +€3,168 | +3.2% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,484 | €57,484 | -€0 | 0.0% |
| Other operating charges | 640/8 | €7,592 | €5,844 | -€1,747 | -23.0% |
| Gross operating margin | 9900 | €125,164 | €123,761 | -€1,404 | -1.1% |
| Operating profit (loss) | 9901 | €60,089 | €60,433 | +€343 | +0.6% |
| Financial income | 75/76B | €26,283 | €4,577 | -€21,706 | -82.6% |
| Recurring financial income | 75 | €26,283 | €4,577 | -€21,706 | -82.6% |
| Financial charges | 65/66B | €16,073 | €24,067 | +€7,993 | +49.7% |
| Recurring financial charges | 65 | €16,073 | €24,067 | +€7,993 | +49.7% |
| Profit (loss) for the period before taxes | 9903 | €70,299 | €40,943 | -€29,356 | -41.8% |
| Transfer from deferred taxes | 780 | €9,654 | €9,654 | = | 0.0% |
| Income taxes | 67/77 | €27,229 | €19,890 | -€7,339 | -27.0% |
| Profit (loss) for the period | 9904 | €52,724 | €30,707 | -€22,017 | -41.8% |
| Transfer from tax-exempt reserves | 789 | €28,962 | €28,962 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €81,686 | €59,669 | -€22,017 | -27.0% |
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 28 October 2026 via checked.be.