GW Audit & Conseil: what changed
What changed
GW Audit & Conseil
NACE 69.203, Activities of company auditors
filed annual accounts (NBB)
Net result for the year
€43,197
2024 · €41,707+€1,490
Equity
€500
2024 · €119,640-€119,140
Cash
€75,943
2024 · €72,965+€2,978
Balance sheet total
€159,403
2024 · €151,261+€8,142
Largest movements
Assets
- Receivables within one year +€8,087
up €8,087 (+13.7%), from €58,917 to €67,003
of which Other amounts receivable: +€4,517
- Cash +€2,978
up €2,978 (+4.1%), from €72,965 to €75,943
mainly Other debts (+€124,183) and Net result for the year (+€43,197)
- Deferred charges and accrued income -€2,486
down €2,486 (-38.7%), from €6,423 to €3,937
Equity and liabilities
- Other debts +€124,183
new in 2025: €124,183
- Profit (loss) carried forward -€119,140
down €119,140 (-100%), from €119,140 to €0
- Tax, wage and social debts +€4,627
up €4,627 (+16.6%), from €27,897 to €32,524
Income statement
- Gross operating margin -€7,865
down €7,865 (-12.2%), from €64,686 to €56,820
- Other operating charges -€7,816
down €7,816 (-91.9%), from €8,504 to €688
- Financial income +€2,217
up €2,217 (+229%), from €969 to €3,186
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€41,707
Gross operating margin
-€7,865
Depreciation
-€272
Other operating charges
+€7,816
Financial income
+€2,217
Financial charges
-€44
Taxes
-€362
Result 2025
€43,197
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€167,234
Investment
-€1,918
Financing
-€162,338
Cash 2024
€72,965
From operations (derived)
+€167,234
Net result for the year
+€43,197
Depreciation
+€2,535
Receivables after one year
-€180
Receivables within one year
-€8,087
Deferred charges and accrued income
+€2,486
Trade debts
-€1,528
Tax, wage and social debts
+€4,627
Other debts
+€124,183
Investment (derived)
-€1,918
Investment in fixed assets (net)
-€1,918
Financing
-€162,338
Contributions, distributions and other
-€162,338
Cash 2025
€75,943
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,261 | €159,403 | +€8,142 | +5.4% |
| Fixed assets | 21/28 | €6,094 | €5,477 | -€617 | -10.1% |
| Tangible fixed assets | 22/27 | €6,051 | €5,434 | -€617 | -10.2% |
| Furniture and vehicles | 24 | €6,051 | €5,434 | -€617 | -10.2% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €145,167 | €153,926 | +€8,759 | +6.0% |
| Amounts receivable after more than one year | 29 | €6,862 | €7,043 | +€180 | +2.6% |
| Other amounts receivable | 291 | €6,862 | €7,043 | +€180 | +2.6% |
| Amounts receivable within one year | 40/41 | €58,917 | €67,003 | +€8,087 | +13.7% |
| Trade receivables | 40 | €21,120 | €24,689 | +€3,569 | +16.9% |
| Other amounts receivable | 41 | €37,796 | €42,314 | +€4,517 | +12.0% |
| Cash at bank and in hand | 54/58 | €72,965 | €75,943 | +€2,978 | +4.1% |
| Deferred charges and accrued income | 490/1 | €6,423 | €3,937 | -€2,486 | -38.7% |
| Total equity and liabilities | 10/49 | €151,261 | €159,403 | +€8,142 | +5.4% |
| Equity | 10/15 | €119,640 | €500 | -€119,140 | -99.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,140 | €0 | -€119,140 | -100% |
| Amounts payable | 17/49 | €31,620 | €158,903 | +€127,282 | +403% |
| Amounts payable within one year | 42/48 | €31,620 | €158,903 | +€127,282 | +403% |
| Trade debts | 44 | €3,724 | €2,196 | -€1,528 | -41.0% |
| Suppliers | 440/4 | €3,724 | €2,196 | -€1,528 | -41.0% |
| Taxes, remuneration and social security | 45 | €27,897 | €32,524 | +€4,627 | +16.6% |
| Taxes | 450/3 | €27,897 | €32,524 | +€4,627 | +16.6% |
| Other amounts payable | 47/48 | - | €124,183 | +€124,183 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,263 | €2,535 | +€272 | +12.0% |
| Other operating charges | 640/8 | €8,504 | €688 | -€7,816 | -91.9% |
| Gross operating margin | 9900 | €64,686 | €56,820 | -€7,865 | -12.2% |
| Operating profit (loss) | 9901 | €53,918 | €53,597 | -€321 | -0.6% |
| Financial income | 75/76B | €969 | €3,186 | +€2,217 | +229% |
| Recurring financial income | 75 | €969 | €3,186 | +€2,217 | +229% |
| Financial charges | 65/66B | €122 | €166 | +€44 | +35.8% |
| Recurring financial charges | 65 | €122 | €166 | +€44 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | €54,765 | €56,617 | +€1,852 | +3.4% |
| Income taxes | 67/77 | €13,058 | €13,420 | +€362 | +2.8% |
| Profit (loss) for the period | 9904 | €41,707 | €43,197 | +€1,490 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,707 | €43,197 | +€1,490 | +3.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.