GOW!: 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.
GOW!
Largest movements
- Receivables within one year -€64,892
down €64,892 (-64.1%), from €101,251 to €36,359
of which Trade receivables: -€65,887
- Tangible fixed assets -€11,207
down €11,207 (-10.4%), from €107,742 to €96,535
- Cash -€8,483
down €8,483 (-99.8%), from €8,499 to €15
mainly Trade debts (-€70,694) and Net result for the year (-€15,919)
- Trade debts -€70,694
down €70,694 (-52.2%), from €135,380 to €64,686
- Profit (loss) carried forward -€15,919
down €15,919 (-12.2%), from -€130,319 to -€146,239
- Debts after one year -€6,250
no longer reported in 2023 (was €6,250)
- Current portion of long-term debt +€6,250
up €6,250 (+50.0%), from €12,500 to €18,750
- Gross operating margin +€32,546
up €32,546 (+97.1%), from -€33,505 to -€958
- Other operating charges +€608
up €608 (+103.7%), from €586 to €1,194
- Financial charges -€434
down €434 (-14.5%), from €2,994 to €2,560
From the 2022 result to the 2023 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
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €217,492 | €132,909 | -€84,583 | -38.9% |
| Fixed assets | 21/28 | €107,742 | €96,535 | -€11,207 | -10.4% |
| Tangible fixed assets | 22/27 | €107,742 | €96,535 | -€11,207 | -10.4% |
| Plant, machinery and equipment | 23 | €107,742 | €96,535 | -€11,207 | -10.4% |
| Current assets | 29/58 | €109,750 | €36,374 | -€73,376 | -66.9% |
| Amounts receivable within one year | 40/41 | €101,251 | €36,359 | -€64,892 | -64.1% |
| Trade receivables | 40 | €100,888 | €35,002 | -€65,887 | -65.3% |
| Other amounts receivable | 41 | €363 | €1,357 | +€994 | +274.0% |
| Cash at bank and in hand | 54/58 | €8,499 | €15 | -€8,483 | -99.8% |
| Total equity and liabilities | 10/49 | €217,492 | €132,909 | -€84,583 | -38.9% |
| Equity | 10/15 | -€22,319 | -€38,239 | -€15,919 | -71.3% |
| Contributions | 10/11 | €108,000 | €108,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,319 | -€146,239 | -€15,919 | -12.2% |
| Amounts payable | 17/49 | €239,812 | €171,148 | -€68,664 | -28.6% |
| Amounts payable after more than one year | 17 | €6,250 | - | -€6,250 | |
| Financial debts | 170/4 | €6,250 | - | -€6,250 | |
| Amounts payable within one year | 42/48 | €233,562 | €171,148 | -€62,414 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €12,500 | €18,750 | +€6,250 | +50.0% |
| Trade debts | 44 | €135,380 | €64,686 | -€70,694 | -52.2% |
| Suppliers | 440/4 | €135,380 | €64,686 | -€70,694 | -52.2% |
| Taxes, remuneration and social security | 45 | €2,469 | €2,520 | +€52 | +2.1% |
| Taxes | 450/3 | €2,469 | €2,520 | +€52 | +2.1% |
| Other amounts payable | 47/48 | €83,213 | €85,191 | +€1,978 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,207 | €11,207 | = | 0.0% |
| Other operating charges | 640/8 | €586 | €1,194 | +€608 | +103.7% |
| Gross operating margin | 9900 | -€33,505 | -€958 | +€32,546 | +97.1% |
| Operating profit (loss) | 9901 | -€45,298 | -€13,360 | +€31,939 | +70.5% |
| Financial charges | 65/66B | €2,994 | €2,560 | -€434 | -14.5% |
| Recurring financial charges | 65 | €2,994 | €2,560 | -€434 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | -€48,292 | -€15,919 | +€32,373 | +67.0% |
| Profit (loss) for the period | 9904 | -€48,292 | -€15,919 | +€32,373 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,292 | -€15,919 | +€32,373 | +67.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.