GW Handling: 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 Handling
Largest movements
- Cash +€16,009
up €16,009 (+13.3%), from €120,207 to €136,216
mainly Depreciation (+€13,409) and Net result for the year (+€11,692)
- Tangible fixed assets +€6,320
up €6,320 (+14.9%), from €42,398 to €48,718
of which Plant, machinery and equipment: +€17,463
- Stocks and contracts +€2,412
new in 2025: €2,412
- Reserves +€11,692
up €11,692 (+218%), from €5,356 to €17,048
- Trade debts +€10,667
up €10,667 (+722%), from €1,477 to €12,144
- Other debts +€2,338
up €2,338 (+14.0%), from €16,726 to €19,064
- Depreciation -€8,305
down €8,305 (-38.2%), from €21,713 to €13,409
- Taxes +€3,040
up €3,040 (+191%), from €1,589 to €4,629
- Write-downs -€1,870
down €1,870 (-100%), from €1,870 to €0
- Financial charges -€1,064
down €1,064 (-90.9%), from €1,171 to €107
- Staff costs +€377
up €377 (+7,574%), from €5 to €382
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 | €173,883 | €199,411 | +€25,527 | +14.7% |
| Fixed assets | 21/28 | €42,398 | €48,718 | +€6,320 | +14.9% |
| Tangible fixed assets | 22/27 | €42,398 | €48,718 | +€6,320 | +14.9% |
| Plant, machinery and equipment | 23 | - | €17,463 | +€17,463 | |
| Furniture and vehicles | 24 | €42,398 | €31,255 | -€11,143 | -26.3% |
| Current assets | 29/58 | €131,485 | €150,693 | +€19,207 | +14.6% |
| Stocks and contracts in progress | 3 | - | €2,412 | +€2,412 | |
| Stocks | 30/36 | - | €2,412 | +€2,412 | |
| Amounts receivable within one year | 40/41 | €10,663 | €11,449 | +€786 | +7.4% |
| Trade receivables | 40 | €5,808 | €6,650 | +€842 | +14.5% |
| Other amounts receivable | 41 | €4,855 | €4,800 | -€55 | -1.1% |
| Cash at bank and in hand | 54/58 | €120,207 | €136,216 | +€16,009 | +13.3% |
| Deferred charges and accrued income | 490/1 | €615 | €615 | = | 0.0% |
| Total equity and liabilities | 10/49 | €173,883 | €199,411 | +€25,527 | +14.7% |
| Equity | 10/15 | €155,329 | €167,021 | +€11,692 | +7.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €5,356 | €17,048 | +€11,692 | +218% |
| Distributable reserves | 133 | €5,356 | €17,048 | +€11,692 | +218% |
| Profit (loss) carried forward | 14 | €137,573 | €137,573 | = | 0.0% |
| Amounts payable | 17/49 | €18,554 | €32,390 | +€13,835 | +74.6% |
| Amounts payable within one year | 42/48 | €18,554 | €32,390 | +€13,835 | +74.6% |
| Trade debts | 44 | €1,477 | €12,144 | +€10,667 | +722% |
| Suppliers | 440/4 | €1,477 | €12,144 | +€10,667 | +722% |
| Taxes, remuneration and social security | 45 | €351 | €1,182 | +€830 | +236% |
| Taxes | 450/3 | €351 | €1,182 | +€830 | +236% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €16,726 | €19,064 | +€2,338 | +14.0% |
| Non-recurring operating income | 76A | - | €350 | +€350 | |
| Remuneration, social security and pensions | 62 | €5 | €382 | +€377 | +7,574% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,713 | €13,409 | -€8,305 | -38.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,870 | €0 | -€1,870 | -100% |
| Other operating charges | 640/8 | €1,851 | €1,800 | -€50 | -2.7% |
| Gross operating margin | 9900 | €31,106 | €31,160 | +€54 | +0.2% |
| Operating profit (loss) | 9901 | €5,667 | €15,569 | +€9,902 | +175% |
| Financial income | 75/76B | €594 | €859 | +€265 | +44.7% |
| Recurring financial income | 75 | €594 | €859 | +€265 | +44.7% |
| Financial charges | 65/66B | €1,171 | €107 | -€1,064 | -90.9% |
| Recurring financial charges | 65 | €1,171 | €107 | -€1,064 | -90.9% |
| Profit (loss) for the period before taxes | 9903 | €5,090 | €16,321 | +€11,231 | +221% |
| Income taxes | 67/77 | €1,589 | €4,629 | +€3,040 | +191% |
| Profit (loss) for the period | 9904 | €3,501 | €11,692 | +€8,191 | +234% |
| Profit (loss) for the period to be appropriated | 9905 | €3,501 | €11,692 | +€8,191 | +234% |
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 1 November 2026 via checked.be.