GOWI: 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.
GOWI
Largest movements
- Receivables within one year -€11,622
down €11,622 (-95.8%), from €12,129 to €506
of which Other amounts receivable: -€11,322
- Cash -€3,223
down €3,223 (-99.7%), from €3,233 to €10
mainly Debts after one year (-€16,817) and Trade debts (-€5,752)
- Tangible fixed assets -€1,233
down €1,233 (-58.8%), from €2,096 to €863
of which Furniture and vehicles: -€987
- Debts after one year -€16,817
no longer reported in 2025 (was €16,817)
- Other debts +€16,153
new in 2025: €16,153
- Trade debts -€5,752
no longer reported in 2025 (was €5,752)
- Current portion of long-term debt -€4,382
no longer reported in 2025 (was €4,382)
- Profit (loss) carried forward -€4,372
down €4,372 (-8.3%), from -€52,942 to -€57,314
- Gross operating margin -€19,119
down €19,119, from €16,451 to -€2,668
- Depreciation -€14,251
down €14,251 (-93.5%), from €15,238 to €987
- Staff costs -€2,267
no longer reported in 2025 (was €2,267)
- Financial charges -€933
down €933 (-84.4%), from €1,106 to €172
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.
Cash bridge derived
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 | €17,553 | €1,379 | -€16,174 | -92.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,191 | €863 | -€1,328 | -60.6% |
| Tangible fixed assets | 22/27 | €2,096 | €863 | -€1,233 | -58.8% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,850 | €863 | -€987 | -53.4% |
| Other tangible fixed assets | 26 | €246 | - | -€246 | |
| Financial fixed assets | 28 | €95 | - | -€95 | |
| Current assets | 29/58 | €15,362 | €516 | -€14,846 | -96.6% |
| Amounts receivable within one year | 40/41 | €12,129 | €506 | -€11,622 | -95.8% |
| Trade receivables | 40 | €300 | - | -€300 | |
| Other amounts receivable | 41 | €11,829 | €506 | -€11,322 | -95.7% |
| Cash at bank and in hand | 54/58 | €3,233 | €10 | -€3,223 | -99.7% |
| Total equity and liabilities | 10/49 | €17,553 | €1,379 | -€16,174 | -92.1% |
| Equity | 10/15 | -€10,403 | -€14,774 | -€4,372 | -42.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €30,139 | €30,139 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,507 | €1,507 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,507 | €1,507 | = | 0.0% |
| Distributable reserves | 133 | €28,632 | €28,632 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,942 | -€57,314 | -€4,372 | -8.3% |
| Amounts payable | 17/49 | €27,955 | €16,153 | -€11,802 | -42.2% |
| Amounts payable after more than one year | 17 | €16,817 | - | -€16,817 | |
| Financial debts | 170/4 | €16,817 | - | -€16,817 | |
| Amounts payable within one year | 42/48 | €11,138 | €16,153 | +€5,015 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €4,382 | - | -€4,382 | |
| Trade debts | 44 | €5,752 | - | -€5,752 | |
| Suppliers | 440/4 | €5,752 | - | -€5,752 | |
| Taxes, remuneration and social security | 45 | €1,004 | - | -€1,004 | |
| Taxes | 450/3 | €1,004 | - | -€1,004 | |
| Other amounts payable | 47/48 | - | €16,153 | +€16,153 | |
| Remuneration, social security and pensions | 62 | €2,267 | - | -€2,267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,238 | €987 | -€14,251 | -93.5% |
| Other operating charges | 640/8 | €651 | €544 | -€107 | -16.4% |
| Non-recurring operating charges | 66A | €14,281 | - | -€14,281 | |
| Gross operating margin | 9900 | €16,451 | -€2,668 | -€19,119 | |
| Operating profit (loss) | 9901 | -€15,987 | -€4,199 | +€11,787 | +73.7% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €1,106 | €172 | -€933 | -84.4% |
| Recurring financial charges | 65 | €1,106 | €172 | -€933 | -84.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,083 | -€4,372 | +€12,711 | +74.4% |
| Profit (loss) for the period | 9904 | -€17,083 | -€4,372 | +€12,711 | +74.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,083 | -€4,372 | +€12,711 | +74.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.