GOW Entreprendre: 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.
GOW Entreprendre
Largest movements
- Receivables within one year +€31,218
up €31,218 (+259%), from €12,074 to €43,292
of which Trade receivables: +€31,814
- Tangible fixed assets +€3,683
up €3,683 (+6.4%), from €57,721 to €61,404
of which Other tangible fixed assets: +€16,512
- Cash -€2,318
down €2,318 (-78.5%), from €2,952 to €634
mainly Receivables within one year (-€31,218) and Investment in fixed assets (net) (-€22,673)
- Deferred charges and accrued income +€1,210
new in 2025: €1,210
- Other debts +€22,854
up €22,854 (+5,299%), from €431 to €23,285
- Profit (loss) carried forward +€20,233
up €20,233 (+58.7%), from -€34,466 to -€14,233
- Debts after one year -€7,808
down €7,808 (-27.0%), from €28,923 to €21,115
- Trade debts -€2,056
down €2,056 (-40.7%), from €5,048 to €2,992
- Tax, wage and social debts +€1,113
up €1,113 (+86.6%), from €1,286 to €2,399
- Gross operating margin +€29,881
up €29,881 (+244%), from €12,223 to €42,104
- Other operating charges -€29,148
down €29,148 (-96.7%), from €30,136 to €989
- Depreciation +€3,151
up €3,151 (+19.9%), from €15,839 to €18,990
- Financial charges +€1,128
up €1,128 (+68.6%), from €1,644 to €2,772
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 | €72,809 | €106,602 | +€33,793 | +46.4% |
| Fixed assets | 21/28 | €57,783 | €61,466 | +€3,683 | +6.4% |
| Tangible fixed assets | 22/27 | €57,721 | €61,404 | +€3,683 | +6.4% |
| Plant, machinery and equipment | 23 | €25,612 | €13,396 | -€12,217 | -47.7% |
| Furniture and vehicles | 24 | €2,972 | €2,360 | -€612 | -20.6% |
| Other tangible fixed assets | 26 | €29,137 | €45,648 | +€16,512 | +56.7% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €15,026 | €45,136 | +€30,110 | +200% |
| Amounts receivable within one year | 40/41 | €12,074 | €43,292 | +€31,218 | +259% |
| Trade receivables | 40 | €6,886 | €38,700 | +€31,814 | +462% |
| Other amounts receivable | 41 | €5,188 | €4,592 | -€596 | -11.5% |
| Cash at bank and in hand | 54/58 | €2,952 | €634 | -€2,318 | -78.5% |
| Deferred charges and accrued income | 490/1 | - | €1,210 | +€1,210 | |
| Total equity and liabilities | 10/49 | €72,809 | €106,602 | +€33,793 | +46.4% |
| Equity | 10/15 | €29,654 | €48,958 | +€19,303 | +65.1% |
| Contributions | 10/11 | €62,181 | €62,181 | = | 0.0% |
| Contributions outside capital | 11 | €62,181 | €62,181 | = | 0.0% |
| Other | 1109/19 | €62,181 | €62,181 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,466 | -€14,233 | +€20,233 | +58.7% |
| Investment grants | 15 | €1,939 | €1,009 | -€930 | -47.9% |
| Amounts payable | 17/49 | €43,155 | €57,645 | +€14,490 | +33.6% |
| Amounts payable after more than one year | 17 | €28,923 | €21,115 | -€7,808 | -27.0% |
| Financial debts | 170/4 | €28,923 | €21,115 | -€7,808 | -27.0% |
| Amounts payable within one year | 42/48 | €14,232 | €36,484 | +€22,251 | +156% |
| Current portion of amounts payable after more than one year | 42 | €7,467 | €7,808 | +€341 | +4.6% |
| Trade debts | 44 | €5,048 | €2,992 | -€2,056 | -40.7% |
| Suppliers | 440/4 | €5,048 | €2,992 | -€2,056 | -40.7% |
| Taxes, remuneration and social security | 45 | €1,286 | €2,399 | +€1,113 | +86.6% |
| Taxes | 450/3 | €1,286 | €2,399 | +€1,113 | +86.6% |
| Other amounts payable | 47/48 | €431 | €23,285 | +€22,854 | +5,299% |
| Accrued charges and deferred income | 492/3 | - | €46 | +€46 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,839 | €18,990 | +€3,151 | +19.9% |
| Other operating charges | 640/8 | €30,136 | €989 | -€29,148 | -96.7% |
| Gross operating margin | 9900 | €12,223 | €42,104 | +€29,881 | +244% |
| Operating profit (loss) | 9901 | -€33,752 | €22,126 | +€55,878 | |
| Financial income | 75/76B | €930 | €930 | = | 0.0% |
| Recurring financial income | 75 | €930 | €930 | = | 0.0% |
| Financial charges | 65/66B | €1,644 | €2,772 | +€1,128 | +68.6% |
| Recurring financial charges | 65 | €1,644 | €2,772 | +€1,128 | +68.6% |
| Profit (loss) for the period before taxes | 9903 | -€34,466 | €20,284 | +€54,750 | |
| Income taxes | 67/77 | - | €51 | +€51 | |
| Profit (loss) for the period | 9904 | -€34,466 | €20,233 | +€54,699 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,466 | €20,233 | +€54,699 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.