GW: 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.
GW
Largest movements
- Cash +€4,278
up €4,278 (+324%), from €1,319 to €5,597
mainly Net result for the year (+€2,682) and Other debts (+€2,285)
- Profit (loss) carried forward +€2,682
up €2,682 (+8.9%), from -€29,990 to -€27,308
- Other debts +€2,285
up €2,285 (+23.2%), from €9,858 to €12,144
- Trade debts -€1,000
no longer reported in 2025 (was €1,000)
- Tax, wage and social debts +€310
new in 2025: €310
- Gross operating margin +€1,767
up €1,767 (+106%), from €1,669 to €3,435
- Taxes +€296
up €296 (+1,877%), from €16 to €312
- Financial income -€48
down €48 (-91.2%), from €53 to €5
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 | €1,319 | €5,597 | +€4,278 | +324% |
| Current assets | 29/58 | €1,319 | €5,597 | +€4,278 | +324% |
| Cash at bank and in hand | 54/58 | €1,319 | €5,597 | +€4,278 | +324% |
| Total equity and liabilities | 10/49 | €1,319 | €5,597 | +€4,278 | +324% |
| Equity | 10/15 | -€9,539 | -€6,857 | +€2,682 | +28.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Share premium | 1100/10 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,990 | -€27,308 | +€2,682 | +8.9% |
| Amounts payable | 17/49 | €10,858 | €12,454 | +€1,596 | +14.7% |
| Amounts payable within one year | 42/48 | €10,858 | €12,454 | +€1,596 | +14.7% |
| Trade debts | 44 | €1,000 | - | -€1,000 | |
| Suppliers | 440/4 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | - | €310 | +€310 | |
| Taxes | 450/3 | - | €310 | +€310 | |
| Other amounts payable | 47/48 | €9,858 | €12,144 | +€2,285 | +23.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €1,669 | €3,435 | +€1,767 | +106% |
| Operating profit (loss) | 9901 | €1,282 | €3,036 | +€1,754 | +137% |
| Financial income | 75/76B | €53 | €5 | -€48 | -91.2% |
| Recurring financial income | 75 | €53 | €5 | -€48 | -91.2% |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €1,288 | €2,994 | +€1,706 | +132% |
| Income taxes | 67/77 | €16 | €312 | +€296 | +1,877% |
| Profit (loss) for the period | 9904 | €1,272 | €2,682 | +€1,410 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €1,272 | €2,682 | +€1,410 | +111% |
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 13 October 2026 via checked.be.