GWALI: 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.
GWALI
Largest movements
- Receivables within one year +€7,222
up €7,222 (+364%), from €1,985 to €9,207
of which Other amounts receivable: +€7,790
- Tangible fixed assets -€7,125
down €7,125 (-27.7%), from €25,722 to €18,597
of which Plant, machinery and equipment: -€5,472
- Stocks and contracts +€2,037
up €2,037 (+49.5%), from €4,114 to €6,151
- Cash +€1,889
up €1,889 (+34.0%), from €5,558 to €7,448
mainly Net result for the year (+€5,831) and Other debts (+€5,594)
- Debts after one year -€14,075
down €14,075 (-47.7%), from €29,483 to €15,408
- Profit (loss) carried forward +€5,831
up €5,831 (+47.9%), from -€12,183 to -€6,353
- Other debts +€5,594
up €5,594 (+56.8%), from €9,851 to €15,445
- Tax, wage and social debts +€5,288
up €5,288 (+213%), from €2,478 to €7,766
of which Remuneration and social security: +€3,668
- Trade debts +€1,109
up €1,109 (+58.9%), from €1,883 to €2,993
- Purchases and services -€265,926
no longer reported in 2024 (was €265,926)
- Turnover -€251,130
no longer reported in 2024 (was €251,130)
- Gross operating margin +€40,609
up €40,609, from -€2,157 to €38,452
- Staff costs +€32,177
new in 2024: €32,177
- Financial income +€8,500
up €8,500 (+1,888,938%), from €0 to €8,501
of which Non-recurring financial income: +€8,501
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.
Derived cash bridge
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 | €42,149 | €46,076 | +€3,928 | +9.3% |
| Fixed assets | 21/28 | €30,322 | €23,197 | -€7,125 | -23.5% |
| Tangible fixed assets | 22/27 | €25,722 | €18,597 | -€7,125 | -27.7% |
| Plant, machinery and equipment | 23 | €9,761 | €4,289 | -€5,472 | -56.1% |
| Furniture and vehicles | 24 | €4,204 | €4,340 | +€136 | +3.2% |
| Other tangible fixed assets | 26 | €11,757 | €9,968 | -€1,788 | -15.2% |
| Financial fixed assets | 28 | €4,600 | €4,600 | = | 0.0% |
| Current assets | 29/58 | €11,827 | €22,879 | +€11,053 | +93.5% |
| Stocks and contracts in progress | 3 | €4,114 | €6,151 | +€2,037 | +49.5% |
| Stocks | 30/36 | €4,114 | €6,151 | +€2,037 | +49.5% |
| Amounts receivable within one year | 40/41 | €1,985 | €9,207 | +€7,222 | +364% |
| Trade receivables | 40 | €568 | - | -€568 | |
| Other amounts receivable | 41 | €1,417 | €9,207 | +€7,790 | +550% |
| Cash at bank and in hand | 54/58 | €5,558 | €7,448 | +€1,889 | +34.0% |
| Deferred charges and accrued income | 490/1 | €169 | €74 | -€95 | -56.4% |
| Total equity and liabilities | 10/49 | €42,149 | €46,076 | +€3,928 | +9.3% |
| Equity | 10/15 | -€9,183 | -€3,353 | +€5,831 | +63.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,183 | -€6,353 | +€5,831 | +47.9% |
| Amounts payable | 17/49 | €51,332 | €49,429 | -€1,903 | -3.7% |
| Amounts payable after more than one year | 17 | €29,483 | €15,408 | -€14,075 | -47.7% |
| Financial debts | 170/4 | €29,483 | €15,408 | -€14,075 | -47.7% |
| Amounts payable within one year | 42/48 | €21,848 | €34,021 | +€12,172 | +55.7% |
| Current portion of amounts payable after more than one year | 42 | €7,635 | €7,816 | +€181 | +2.4% |
| Trade debts | 44 | €1,883 | €2,993 | +€1,109 | +58.9% |
| Suppliers | 440/4 | €1,883 | €2,993 | +€1,109 | +58.9% |
| Taxes, remuneration and social security | 45 | €2,478 | €7,766 | +€5,288 | +213% |
| Taxes | 450/3 | €2,478 | €4,098 | +€1,620 | +65.3% |
| Remuneration and social security | 454/9 | €0 | €3,668 | +€3,668 | |
| Other amounts payable | 47/48 | €9,851 | €15,445 | +€5,594 | +56.8% |
| Turnover | 70 | €251,130 | - | -€251,130 | |
| Non-recurring operating income | 76A | - | €12,167 | +€12,167 | |
| Goods, raw materials, services and sundry goods | 60/61 | €265,926 | - | -€265,926 | |
| Remuneration, social security and pensions | 62 | - | €32,177 | +€32,177 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,145 | €5,071 | -€1,074 | -17.5% |
| Other operating charges | 640/8 | €819 | €1,981 | +€1,162 | +142% |
| Non-recurring operating charges | 66A | €74 | - | -€74 | |
| Gross operating margin | 9900 | -€2,157 | €38,452 | +€40,609 | |
| Operating profit (loss) | 9901 | -€9,195 | -€777 | +€8,418 | +91.5% |
| Financial income | 75/76B | €0 | €8,501 | +€8,500 | +1,888,938% |
| Recurring financial income | 75 | €0 | €8,501 | +€8,500 | +1,888,938% |
| Non-recurring financial income | 76B | - | €8,501 | +€8,501 | |
| Financial charges | 65/66B | €2,989 | €1,698 | -€1,290 | -43.2% |
| Recurring financial charges | 65 | €2,989 | €1,698 | -€1,290 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,183 | €6,025 | +€18,208 | |
| Income taxes | 67/77 | €0 | €194 | +€194 | |
| Profit (loss) for the period | 9904 | -€12,183 | €5,831 | +€18,014 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,183 | €5,831 | +€18,014 |
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 16 October 2026 via checked.be.