GW-STOCK: 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-STOCK
Largest movements
- Receivables within one year -€1,765
down €1,765 (-60.4%), from €2,924 to €1,159
- Intangible fixed assets +€1,270
up €1,270 (+8.1%), from €15,654 to €16,924
- Tangible fixed assets +€986
up €986 (+25.8%), from €3,824 to €4,810
of which Furniture and vehicles: +€1,350
- Deferred charges and accrued income -€733
down €733 (-74.5%), from €983 to €250
- Cash -€699
down €699 (-6.9%), from €10,152 to €9,454
mainly Investment in fixed assets (net) (-€13,009) and Trade debts (-€1,800)
- Trade debts -€1,800
no longer reported in 2025 (was €1,800)
- Profit (loss) carried forward +€910
up €910 (+18.6%), from €4,902 to €5,812
- Depreciation +€5,827
up €5,827 (+118%), from €4,927 to €10,753
- Gross operating margin +€1,859
up €1,859 (+17.2%), from €10,816 to €12,675
- Taxes -€447
down €447 (-48.4%), from €924 to €477
- Other operating charges +€372
up €372 (+743%), from €50 to €422
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 | €38,011 | €37,070 | -€941 | -2.5% |
| Fixed assets | 21/28 | €23,951 | €26,207 | +€2,256 | +9.4% |
| Intangible fixed assets | 21 | €15,654 | €16,924 | +€1,270 | +8.1% |
| Tangible fixed assets | 22/27 | €3,824 | €4,810 | +€986 | +25.8% |
| Plant, machinery and equipment | 23 | €3,824 | €3,460 | -€364 | -9.5% |
| Furniture and vehicles | 24 | - | €1,350 | +€1,350 | |
| Financial fixed assets | 28 | €4,474 | €4,474 | = | 0.0% |
| Current assets | 29/58 | €14,060 | €10,863 | -€3,196 | -22.7% |
| Amounts receivable within one year | 40/41 | €2,924 | €1,159 | -€1,765 | -60.4% |
| Other amounts receivable | 41 | €2,924 | €1,159 | -€1,765 | -60.4% |
| Cash at bank and in hand | 54/58 | €10,152 | €9,454 | -€699 | -6.9% |
| Deferred charges and accrued income | 490/1 | €983 | €250 | -€733 | -74.5% |
| Total equity and liabilities | 10/49 | €38,011 | €37,070 | -€941 | -2.5% |
| Equity | 10/15 | €34,902 | €35,812 | +€910 | +2.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,902 | €5,812 | +€910 | +18.6% |
| Amounts payable | 17/49 | €3,109 | €1,258 | -€1,851 | -59.5% |
| Amounts payable within one year | 42/48 | €3,109 | €1,258 | -€1,851 | -59.5% |
| Trade debts | 44 | €1,800 | - | -€1,800 | |
| Suppliers | 440/4 | €1,800 | - | -€1,800 | |
| Taxes, remuneration and social security | 45 | - | €87 | +€87 | |
| Taxes | 450/3 | - | €87 | +€87 | |
| Other amounts payable | 47/48 | €1,309 | €1,171 | -€137 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,927 | €10,753 | +€5,827 | +118% |
| Other operating charges | 640/8 | €50 | €422 | +€372 | +743% |
| Gross operating margin | 9900 | €10,816 | €12,675 | +€1,859 | +17.2% |
| Operating profit (loss) | 9901 | €5,839 | €1,500 | -€4,339 | -74.3% |
| Financial income | 75/76B | €10 | €0 | -€10 | -95.5% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -95.5% |
| Financial charges | 65/66B | €23 | €113 | +€90 | +392% |
| Recurring financial charges | 65 | €23 | €113 | +€90 | +392% |
| Profit (loss) for the period before taxes | 9903 | €5,826 | €1,387 | -€4,439 | -76.2% |
| Income taxes | 67/77 | €924 | €477 | -€447 | -48.4% |
| Profit (loss) for the period | 9904 | €4,902 | €910 | -€3,992 | -81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,902 | €910 | -€3,992 | -81.4% |
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 29 October 2026 via checked.be.