GEWISOL: what changed
What changed
GEWISOL
NACE 43.331, Floor and wall tiling
filed annual accounts (NBB)
Net result for the year
-€81,440
2024 · -€42,530-€38,910
Equity
€298,447
2024 · €379,886-€81,440
Cash
€53,372
2024 · €180,326-€126,955
Balance sheet total
€1.1m
2024 · €1.1m-€41,508
Largest movements
Assets
- Receivables within one year +€157,862
up €157,862 (+36.8%), from €429,260 to €587,122
of which Trade receivables: +€115,232
- Cash -€126,955
down €126,955 (-70.4%), from €180,326 to €53,372
mainly Receivables within one year (-€157,862) and Net result for the year (-€81,440)
- Tangible fixed assets -€48,285
down €48,285 (-33.3%), from €144,989 to €96,704
of which Furniture and vehicles: -€46,574
- Receivables after one year -€21,416
down €21,416 (-5.8%), from €368,667 to €347,250
Equity and liabilities
- Profit (loss) carried forward -€81,440
down €81,440 (-22.7%), from €359,493 to €278,053
- Trade debts +€39,122
up €39,122 (+47.7%), from €81,935 to €121,057
Income statement
- Gross operating margin -€35,357
down €35,357, from €24,486 to -€10,870
- Staff costs +€6,691
new in 2025: €6,691
- Depreciation -€5,166
down €5,166 (-9.6%), from €53,845 to €48,680
- Other operating charges +€1,284
up €1,284 (+32.4%), from €3,968 to €5,252
- Financial income -€886
down €886 (-4.4%), from €20,271 to €19,385
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€42,530
Gross operating margin
-€35,357
Staff costs
-€6,691
Depreciation
+€5,166
Other operating charges
-€1,284
Financial income
-€886
Financial charges
+€197
Taxes
-€55
Result 2025
-€81,440
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€125,094
Investment
-€2,028
Financing
+€168
Cash 2024
€180,326
From operations (derived)
-€125,094
Net result for the year
-€81,440
Depreciation
+€48,680
Receivables after one year
+€21,416
Receivables within one year
-€157,862
Deferred charges and accrued income
+€4,347
Trade debts
+€39,122
Accrued charges and deferred income
+€643
Investment (derived)
-€2,028
Investment in fixed assets (net)
-€2,028
Financing
+€168
Debts after one year
-€445
Current portion of long-term debt
+€612
Cash 2025
€53,372
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,145,429 | €1,103,921 | -€41,508 | -3.6% |
| Fixed assets | 21/28 | €144,989 | €98,337 | -€46,652 | -32.2% |
| Intangible fixed assets | 21 | - | €1,633 | +€1,633 | |
| Tangible fixed assets | 22/27 | €144,989 | €96,704 | -€48,285 | -33.3% |
| Plant, machinery and equipment | 23 | €15,844 | €14,133 | -€1,710 | -10.8% |
| Furniture and vehicles | 24 | €129,145 | €82,571 | -€46,574 | -36.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,000,440 | €1,005,584 | +€5,144 | +0.5% |
| Amounts receivable after more than one year | 29 | €368,667 | €347,250 | -€21,416 | -5.8% |
| Other amounts receivable | 291 | €368,667 | €347,250 | -€21,416 | -5.8% |
| Stocks and contracts in progress | 3 | €10,990 | €10,990 | = | 0.0% |
| Stocks | 30/36 | €10,990 | €10,990 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €429,260 | €587,122 | +€157,862 | +36.8% |
| Trade receivables | 40 | €157,750 | €272,982 | +€115,232 | +73.0% |
| Other amounts receivable | 41 | €271,510 | €314,140 | +€42,630 | +15.7% |
| Cash at bank and in hand | 54/58 | €180,326 | €53,372 | -€126,955 | -70.4% |
| Deferred charges and accrued income | 490/1 | €11,197 | €6,851 | -€4,347 | -38.8% |
| Total equity and liabilities | 10/49 | €1,145,429 | €1,103,921 | -€41,508 | -3.6% |
| Equity | 10/15 | €379,886 | €298,447 | -€81,440 | -21.4% |
| Contributions | 10/11 | €18,533 | €18,533 | = | 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 | €359,493 | €278,053 | -€81,440 | -22.7% |
| Amounts payable | 17/49 | €765,543 | €805,474 | +€39,932 | +5.2% |
| Amounts payable after more than one year | 17 | €667,494 | €667,050 | -€445 | -0.1% |
| Financial debts | 170/4 | €667,494 | €667,050 | -€445 | -0.1% |
| Amounts payable within one year | 42/48 | €94,999 | €134,733 | +€39,734 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | €12,654 | €13,267 | +€612 | +4.8% |
| Trade debts | 44 | €81,935 | €121,057 | +€39,122 | +47.7% |
| Suppliers | 440/4 | €81,935 | €121,057 | +€39,122 | +47.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €410 | €410 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,049 | €3,692 | +€643 | +21.1% |
| Non-recurring operating income | 76A | €4,708 | €44,377 | +€39,669 | +843% |
| Remuneration, social security and pensions | 62 | - | €6,691 | +€6,691 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,845 | €48,680 | -€5,166 | -9.6% |
| Other operating charges | 640/8 | €3,968 | €5,252 | +€1,284 | +32.4% |
| Gross operating margin | 9900 | €24,486 | -€10,870 | -€35,357 | |
| Operating profit (loss) | 9901 | -€33,327 | -€71,493 | -€38,166 | -115% |
| Financial income | 75/76B | €20,271 | €19,385 | -€886 | -4.4% |
| Recurring financial income | 75 | €20,271 | €19,385 | -€886 | -4.4% |
| Financial charges | 65/66B | €29,474 | €29,277 | -€197 | -0.7% |
| Recurring financial charges | 65 | €29,474 | €29,277 | -€197 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | -€42,530 | -€81,385 | -€38,855 | -91.4% |
| Income taxes | 67/77 | €0 | €55 | +€55 | |
| Profit (loss) for the period | 9904 | -€42,530 | -€81,440 | -€38,910 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,530 | -€81,440 | -€38,910 | -91.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.