GW TECHNICS: 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 TECHNICS
Largest movements
- Receivables within one year -€48,903
down €48,903 (-34.7%), from €140,921 to €92,018
of which Other amounts receivable: -€46,324
- Tangible fixed assets -€15,812
down €15,812 (-39.0%), from €40,524 to €24,712
of which Leasing and similar rights: -€9,000
- Cash -€4,143
down €4,143 (-81.8%), from €5,065 to €922
mainly Net result for the year (-€41,126) and Tax, wage and social debts (-€12,120)
- Reserves -€41,126
down €41,126 (-33.3%), from €123,415 to €82,289
- Tax, wage and social debts -€12,120
down €12,120 (-57.4%), from €21,120 to €9,000
- Debts after one year -€7,327
down €7,327 (-51.6%), from €14,213 to €6,886
- Trade debts -€6,736
down €6,736 (-20.9%), from €32,179 to €25,443
- Gross operating margin -€45,859
down €45,859, from €33,795 to -€12,065
- Financial income -€12,230
down €12,230 (-100.0%), from €12,230 to €0
of which Non-recurring financial income: -€7,937
- Financial charges +€9,074
up €9,074 (+605.3%), from €1,499 to €10,573
- Taxes +€1,032
new in 2024: €1,032
- Other operating charges +€577
up €577 (+54.0%), from €1,068 to €1,645
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €205,110 | €136,252 | -€68,858 | -33.6% |
| Fixed assets | 21/28 | €40,524 | €24,712 | -€15,812 | -39.0% |
| Tangible fixed assets | 22/27 | €40,524 | €24,712 | -€15,812 | -39.0% |
| Plant, machinery and equipment | 23 | €2,814 | €1,801 | -€1,013 | -36.0% |
| Furniture and vehicles | 24 | €11,006 | €5,207 | -€5,799 | -52.7% |
| Leasing and similar rights | 25 | €26,704 | €17,704 | -€9,000 | -33.7% |
| Current assets | 29/58 | €164,586 | €111,540 | -€53,046 | -32.2% |
| Amounts receivable after more than one year | 29 | €18,600 | €18,600 | = | 0.0% |
| Other amounts receivable | 291 | €18,600 | €18,600 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €140,921 | €92,018 | -€48,903 | -34.7% |
| Trade receivables | 40 | €55,091 | €52,512 | -€2,579 | -4.7% |
| Other amounts receivable | 41 | €85,830 | €39,506 | -€46,324 | -54.0% |
| Cash at bank and in hand | 54/58 | €5,065 | €922 | -€4,143 | -81.8% |
| Total equity and liabilities | 10/49 | €205,110 | €136,252 | -€68,858 | -33.6% |
| Equity | 10/15 | €128,415 | €87,289 | -€41,126 | -32.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €123,415 | €82,289 | -€41,126 | -33.3% |
| Distributable reserves | 133 | €123,415 | €82,289 | -€41,126 | -33.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €76,695 | €48,963 | -€27,732 | -36.2% |
| Amounts payable after more than one year | 17 | €14,213 | €6,886 | -€7,327 | -51.6% |
| Financial debts | 170/4 | €14,213 | €6,886 | -€7,327 | -51.6% |
| Amounts payable within one year | 42/48 | €62,482 | €42,077 | -€20,405 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €9,183 | €7,621 | -€1,562 | -17.0% |
| Financial debts | 43 | - | €14 | +€14 | |
| Credit institutions | 430/8 | - | €14 | +€14 | |
| Trade debts | 44 | €32,179 | €25,443 | -€6,736 | -20.9% |
| Suppliers | 440/4 | €32,179 | €25,443 | -€6,736 | -20.9% |
| Taxes, remuneration and social security | 45 | €21,120 | €9,000 | -€12,120 | -57.4% |
| Taxes | 450/3 | €21,120 | €9,000 | -€12,120 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,096 | €15,812 | -€284 | -1.8% |
| Other operating charges | 640/8 | €1,068 | €1,645 | +€577 | +54.0% |
| Gross operating margin | 9900 | €33,795 | -€12,065 | -€45,859 | |
| Operating profit (loss) | 9901 | €16,631 | -€29,521 | -€46,152 | |
| Financial income | 75/76B | €12,230 | €0 | -€12,230 | -100.0% |
| Recurring financial income | 75 | €4,294 | €0 | -€4,294 | -100.0% |
| Non-recurring financial income | 76B | €7,937 | €0 | -€7,937 | -100.0% |
| Financial charges | 65/66B | €1,499 | €10,573 | +€9,074 | +605.3% |
| Recurring financial charges | 65 | €1,499 | €10,573 | +€9,074 | +605.3% |
| Profit (loss) for the period before taxes | 9903 | €27,362 | -€40,094 | -€67,456 | |
| Income taxes | 67/77 | - | €1,032 | +€1,032 | |
| Profit (loss) for the period | 9904 | €27,362 | -€41,126 | -€68,488 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,362 | -€41,126 | -€68,488 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.