GW693: 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.
GW693
Largest movements
- Receivables within one year -€22,902
down €22,902 (-99.7%), from €22,972 to €70
of which Other amounts receivable: -€17,702
- Debts after one year -€62,630
down €62,630 (-5.2%), from €1.2m to €1.2m
of which Financial debts: -€231,630
- Profit (loss) carried forward +€42,639
up €42,639 (+28.4%), from -€150,378 to -€107,740
- Tax, wage and social debts -€39,618
down €39,618 (-85.1%), from €46,549 to €6,931
- Other debts +€17,268
up €17,268 (+4.5%), from €386,236 to €403,504
- Other operating charges -€3,309
down €3,309 (-32.5%), from €10,186 to €6,877
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.
Cash bridge derived
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 | €1,577,987 | €1,537,397 | -€40,591 | -2.6% |
| Fixed assets | 21/28 | €1,551,155 | €1,535,379 | -€15,776 | -1.0% |
| Tangible fixed assets | 22/27 | €1,551,155 | €1,535,379 | -€15,776 | -1.0% |
| Land and buildings | 22 | €1,544,345 | €1,529,175 | -€15,170 | -1.0% |
| Plant, machinery and equipment | 23 | €5,159 | €4,801 | -€358 | -6.9% |
| Furniture and vehicles | 24 | €1,650 | €1,402 | -€248 | -15.0% |
| Current assets | 29/58 | €26,833 | €2,018 | -€24,814 | -92.5% |
| Amounts receivable within one year | 40/41 | €22,972 | €70 | -€22,902 | -99.7% |
| Trade receivables | 40 | €5,200 | €0 | -€5,200 | -100.0% |
| Other amounts receivable | 41 | €17,772 | €70 | -€17,702 | -99.6% |
| Cash at bank and in hand | 54/58 | €791 | €605 | -€185 | -23.4% |
| Deferred charges and accrued income | 490/1 | €3,070 | €1,343 | -€1,728 | -56.3% |
| Total equity and liabilities | 10/49 | €1,577,987 | €1,537,397 | -€40,591 | -2.6% |
| Equity | 10/15 | -€140,378 | -€97,740 | +€42,639 | +30.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,378 | -€107,740 | +€42,639 | +28.4% |
| Amounts payable | 17/49 | €1,718,366 | €1,635,136 | -€83,229 | -4.8% |
| Amounts payable after more than one year | 17 | €1,214,304 | €1,151,674 | -€62,630 | -5.2% |
| Financial debts | 170/4 | €1,214,304 | €982,674 | -€231,630 | -19.1% |
| Other amounts payable | 178/9 | - | €169,000 | +€169,000 | |
| Amounts payable within one year | 42/48 | €504,062 | €483,462 | -€20,600 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €64,489 | €66,266 | +€1,777 | +2.8% |
| Trade debts | 44 | €6,788 | €6,762 | -€26 | -0.4% |
| Suppliers | 440/4 | €6,788 | €6,762 | -€26 | -0.4% |
| Taxes, remuneration and social security | 45 | €46,549 | €6,931 | -€39,618 | -85.1% |
| Taxes | 450/3 | €46,549 | €6,931 | -€39,618 | -85.1% |
| Other amounts payable | 47/48 | €386,236 | €403,504 | +€17,268 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,613 | €47,676 | +€1,063 | +2.3% |
| Other operating charges | 640/8 | €10,186 | €6,877 | -€3,309 | -32.5% |
| Gross operating margin | 9900 | €115,549 | €116,100 | +€551 | +0.5% |
| Operating profit (loss) | 9901 | €58,750 | €61,547 | +€2,797 | +4.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €19,213 | €18,909 | -€305 | -1.6% |
| Recurring financial charges | 65 | €19,213 | €18,909 | -€305 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €39,537 | €42,639 | +€3,102 | +7.8% |
| Profit (loss) for the period | 9904 | €39,537 | €42,639 | +€3,102 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,537 | €42,639 | +€3,102 | +7.8% |
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 11 October 2026 via checked.be.