GEWI: 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.
GEWI
Largest movements
- Receivables within one year -€11,349
down €11,349 (-89.6%), from €12,660 to €1,311
of which Trade receivables: -€11,507
- Cash +€9,568
up €9,568 (+107%), from €8,979 to €18,547
mainly Receivables within one year (+€11,349) and Depreciation (+€4,979)
- Stocks and contracts +€5,000
up €5,000 (+500%), from €1,000 to €6,000
of which Contracts in progress: +€5,000
- Tangible fixed assets -€4,979
down €4,979 (-26.7%), from €18,642 to €13,662
of which Land and buildings: -€3,426
- Debts after one year -€2,966
down €2,966 (-23.8%), from €12,479 to €9,513
- Trade debts -€2,399
down €2,399 (-92.6%), from €2,591 to €192
- Profit (loss) carried forward +€2,249
up €2,249 (+11.9%), from -€18,953 to -€16,703
- Tax, wage and social debts +€1,962
up €1,962 (+51.1%), from €3,839 to €5,802
- Other debts -€581
down €581 (-3.3%), from €17,654 to €17,073
- Gross operating margin +€10,621
up €10,621, from -€1,649 to €8,972
- Financial charges +€360
up €360 (+42.0%), from €857 to €1,217
- Other operating charges -€319
down €319 (-31.2%), from €1,021 to €702
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 | €41,280 | €39,520 | -€1,761 | -4.3% |
| Fixed assets | 21/28 | €18,642 | €13,662 | -€4,979 | -26.7% |
| Tangible fixed assets | 22/27 | €18,642 | €13,662 | -€4,979 | -26.7% |
| Land and buildings | 22 | €16,079 | €12,653 | -€3,426 | -21.3% |
| Furniture and vehicles | 24 | €2,562 | €1,009 | -€1,554 | -60.6% |
| Current assets | 29/58 | €22,639 | €25,858 | +€3,219 | +14.2% |
| Stocks and contracts in progress | 3 | €1,000 | €6,000 | +€5,000 | +500% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Contracts in progress | 37 | €0 | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €12,660 | €1,311 | -€11,349 | -89.6% |
| Trade receivables | 40 | €12,155 | €648 | -€11,507 | -94.7% |
| Other amounts receivable | 41 | €506 | €663 | +€158 | +31.2% |
| Cash at bank and in hand | 54/58 | €8,979 | €18,547 | +€9,568 | +107% |
| Total equity and liabilities | 10/49 | €41,280 | €39,520 | -€1,761 | -4.3% |
| Equity | 10/15 | €1,507 | €3,757 | +€2,249 | +149% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,953 | -€16,703 | +€2,249 | +11.9% |
| Amounts payable | 17/49 | €39,773 | €35,763 | -€4,010 | -10.1% |
| Amounts payable after more than one year | 17 | €12,479 | €9,513 | -€2,966 | -23.8% |
| Financial debts | 170/4 | €12,479 | €9,513 | -€2,966 | -23.8% |
| Amounts payable within one year | 42/48 | €27,294 | €26,250 | -€1,044 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €3,210 | €3,184 | -€27 | -0.8% |
| Trade debts | 44 | €2,591 | €192 | -€2,399 | -92.6% |
| Suppliers | 440/4 | €2,591 | €192 | -€2,399 | -92.6% |
| Taxes, remuneration and social security | 45 | €3,839 | €5,802 | +€1,962 | +51.1% |
| Remuneration and social security | 454/9 | €3,839 | €5,802 | +€1,962 | +51.1% |
| Other amounts payable | 47/48 | €17,654 | €17,073 | -€581 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,979 | €4,979 | = | 0.0% |
| Other operating charges | 640/8 | €1,021 | €702 | -€319 | -31.2% |
| Gross operating margin | 9900 | -€1,649 | €8,972 | +€10,621 | |
| Operating profit (loss) | 9901 | -€7,650 | €3,290 | +€10,940 | |
| Financial income | 75/76B | €138 | €122 | -€16 | -11.5% |
| Recurring financial income | 75 | €138 | €122 | -€16 | -11.5% |
| Financial charges | 65/66B | €857 | €1,217 | +€360 | +42.0% |
| Recurring financial charges | 65 | €857 | €1,217 | +€360 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,368 | €2,196 | +€10,564 | |
| Income taxes | 67/77 | - | -€54 | -€54 | |
| Profit (loss) for the period | 9904 | -€8,368 | €2,249 | +€10,617 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,368 | €2,249 | +€10,617 |
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 29 October 2026 via checked.be.