GIWEPA: 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.
GIWEPA
Largest movements
- Tangible fixed assets +€497,553
up €497,553 (+43.6%), from €1.1m to €1.6m
- Receivables within one year +€20,667
up €20,667 (+59.7%), from €34,590 to €55,257
of which Other amounts receivable: +€23,400
- Debts after one year +€797,892
up €797,892 (+176.4%), from €452,353 to €1.3m
- Short-term financial debts -€418,545
down €418,545 (-99.6%), from €420,034 to €1,488
- Profit (loss) carried forward +€61,703
up €61,703, from -€56,347 to €5,356
- Other debts +€59,521
up €59,521 (+44.9%), from €132,526 to €192,047
- Current portion of long-term debt +€18,901
up €18,901 (+87.5%), from €21,601 to €40,502
- Gross operating margin +€122,639
up €122,639 (+196.3%), from €62,483 to €185,122
- Financial charges +€19,213
up €19,213 (+676.8%), from €2,839 to €22,052
- Depreciation +€8,477
up €8,477 (+10.4%), from €81,420 to €89,897
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,177,002 | €1,695,222 | +€518,220 | +44.0% |
| Fixed assets | 21/28 | €1,142,412 | €1,639,965 | +€497,553 | +43.6% |
| Tangible fixed assets | 22/27 | €1,142,412 | €1,639,965 | +€497,553 | +43.6% |
| Land and buildings | 22 | €1,142,412 | €1,639,965 | +€497,553 | +43.6% |
| Current assets | 29/58 | €34,590 | €55,257 | +€20,667 | +59.7% |
| Amounts receivable within one year | 40/41 | €34,590 | €55,257 | +€20,667 | +59.7% |
| Trade receivables | 40 | €34,590 | €31,857 | -€2,733 | -7.9% |
| Other amounts receivable | 41 | - | €23,400 | +€23,400 | |
| Total equity and liabilities | 10/49 | €1,177,002 | €1,695,222 | +€518,220 | +44.0% |
| Equity | 10/15 | €100,706 | €162,409 | +€61,704 | +61.3% |
| Contributions | 10/11 | €150,300 | €150,300 | +€0 | 0.0% |
| Reserves | 13 | €6,753 | €6,753 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €6,753 | €0 | -€6,753 | -100.0% |
| Reserves not available under the articles | 1311 | €6,753 | €0 | -€6,753 | -100.0% |
| Distributable reserves | 133 | - | €6,753 | +€6,753 | |
| Profit (loss) carried forward | 14 | -€56,347 | €5,356 | +€61,703 | |
| Amounts payable | 17/49 | €1,076,296 | €1,532,812 | +€456,516 | +42.4% |
| Amounts payable after more than one year | 17 | €452,353 | €1,250,245 | +€797,892 | +176.4% |
| Financial debts | 170/4 | €452,353 | €1,250,245 | +€797,892 | +176.4% |
| Amounts payable within one year | 42/48 | €623,943 | €282,567 | -€341,376 | -54.7% |
| Current portion of amounts payable after more than one year | 42 | €21,601 | €40,502 | +€18,901 | +87.5% |
| Financial debts | 43 | €420,034 | €1,488 | -€418,545 | -99.6% |
| Credit institutions | 430/8 | €420,034 | €1,488 | -€418,545 | -99.6% |
| Trade debts | 44 | €49,783 | €48,529 | -€1,253 | -2.5% |
| Suppliers | 440/4 | €49,783 | €48,529 | -€1,253 | -2.5% |
| Other amounts payable | 47/48 | €132,526 | €192,047 | +€59,521 | +44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,420 | €89,897 | +€8,477 | +10.4% |
| Other operating charges | 640/8 | €11,201 | €11,469 | +€269 | +2.4% |
| Gross operating margin | 9900 | €62,483 | €185,122 | +€122,639 | +196.3% |
| Operating profit (loss) | 9901 | -€30,138 | €83,755 | +€113,893 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,839 | €22,052 | +€19,213 | +676.8% |
| Recurring financial charges | 65 | €2,839 | €22,052 | +€19,213 | +676.8% |
| Profit (loss) for the period before taxes | 9903 | -€32,977 | €61,703 | +€94,680 | |
| Profit (loss) for the period | 9904 | -€32,977 | €61,703 | +€94,680 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,977 | €61,703 | +€94,680 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.