Gielis Ward: 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.
Gielis Ward
Largest movements
- Cash +€29,634
up €29,634 (+50.0%), from €59,319 to €88,953
mainly Net result for the year (+€29,027) and Trade debts (+€1,073)
- Receivables within one year +€1,813
up €1,813 (+22.5%), from €8,063 to €9,876
of which Other amounts receivable: +€1,040
- Reserves +€29,027
up €29,027 (+50.7%), from €57,259 to €86,286
- Trade debts +€1,073
up €1,073 (+104%), from €1,033 to €2,105
- Tax, wage and social debts +€993
up €993 (+16.3%), from €6,090 to €7,082
of which Remuneration and social security: +€1,923
- Gross operating margin +€3,181
up €3,181 (+9.3%), from €34,133 to €37,314
- Taxes +€588
up €588 (+8.1%), from €7,290 to €7,878
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 | €67,382 | €98,829 | +€31,448 | +46.7% |
| Current assets | 29/58 | €67,382 | €98,829 | +€31,448 | +46.7% |
| Amounts receivable within one year | 40/41 | €8,063 | €9,876 | +€1,813 | +22.5% |
| Trade receivables | 40 | - | €773 | +€773 | |
| Other amounts receivable | 41 | €8,063 | €9,103 | +€1,040 | +12.9% |
| Cash at bank and in hand | 54/58 | €59,319 | €88,953 | +€29,634 | +50.0% |
| Total equity and liabilities | 10/49 | €67,382 | €98,829 | +€31,448 | +46.7% |
| Equity | 10/15 | €60,259 | €89,286 | +€29,027 | +48.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €57,259 | €86,286 | +€29,027 | +50.7% |
| Distributable reserves | 133 | €57,259 | €86,286 | +€29,027 | +50.7% |
| Amounts payable | 17/49 | €7,122 | €9,543 | +€2,420 | +34.0% |
| Amounts payable within one year | 42/48 | €7,122 | €9,188 | +€2,065 | +29.0% |
| Trade debts | 44 | €1,033 | €2,105 | +€1,073 | +104% |
| Suppliers | 440/4 | €1,033 | €2,105 | +€1,073 | +104% |
| Taxes, remuneration and social security | 45 | €6,090 | €7,082 | +€993 | +16.3% |
| Taxes | 450/3 | €6,090 | €5,160 | -€930 | -15.3% |
| Remuneration and social security | 454/9 | - | €1,923 | +€1,923 | |
| Accrued charges and deferred income | 492/3 | - | €355 | +€355 | |
| Non-recurring operating income | 76A | €125 | - | -€125 | |
| Other operating charges | 640/8 | €481 | €465 | -€16 | -3.3% |
| Gross operating margin | 9900 | €34,133 | €37,314 | +€3,181 | +9.3% |
| Operating profit (loss) | 9901 | €33,652 | €36,848 | +€3,196 | +9.5% |
| Financial income | 75/76B | €10 | €131 | +€122 | +1,241% |
| Recurring financial income | 75 | €10 | €131 | +€122 | +1,241% |
| Financial charges | 65/66B | €54 | €75 | +€21 | +39.0% |
| Recurring financial charges | 65 | €54 | €75 | +€21 | +39.0% |
| Profit (loss) for the period before taxes | 9903 | €33,608 | €36,905 | +€3,297 | +9.8% |
| Income taxes | 67/77 | €7,290 | €7,878 | +€588 | +8.1% |
| Profit (loss) for the period | 9904 | €26,318 | €29,027 | +€2,709 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,318 | €29,027 | +€2,709 | +10.3% |
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 19 October 2026 via checked.be.