Gwathelet: what changed
Two fiscal 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.
Gwathelet
Largest movements
- Tangible fixed assets -€11,877
down €11,877 (-25.5%), from €46,563 to €34,686
- Receivables within one year +€9,708
up €9,708 (+768.6%), from €1,263 to €10,971
- Cash -€4,314
down €4,314 (-38.4%), from €11,234 to €6,920
mainly Debts after one year (-€16,515) and Receivables within one year (-€9,708)
- Debts after one year -€16,515
down €16,515 (-29.3%), from €56,330 to €39,815
- Reserves +€10,000
new in 2024: €10,000
- Accrued charges and deferred income -€4,681
no longer reported in 2024 (was €4,681)
- Tax, wage and social debts +€2,238
up €2,238 (+54.6%), from €4,100 to €6,338
of which Taxes: +€1,238
- Profit (loss) carried forward +€1,168
up €1,168, from -€221 to €947
- Gross operating margin +€12,356
up €12,356 (+78.8%), from €15,688 to €28,044
- Depreciation +€4,539
up €4,539 (+51.4%), from €8,836 to €13,375
- Other operating charges -€3,786
down €3,786 (-86.9%), from €4,359 to €573
- Financial income -€2,564
no longer reported in 2024 (was €2,564)
of which Financial income: -€2,564
- Financial charges -€1,627
down €1,627 (-45.8%), from €3,554 to €1,927
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 | €86,240 | €79,757 | -€6,483 | -7.5% |
| Fixed assets | 21/28 | €73,743 | €61,866 | -€11,877 | -16.1% |
| Tangible fixed assets | 22/27 | €46,563 | €34,686 | -€11,877 | -25.5% |
| Furniture and vehicles | 24 | €46,563 | €34,686 | -€11,877 | -25.5% |
| Financial fixed assets | 28 | €27,180 | €27,180 | = | 0.0% |
| Current assets | 29/58 | €12,497 | €17,891 | +€5,394 | +43.2% |
| Amounts receivable within one year | 40/41 | €1,263 | €10,971 | +€9,708 | +768.6% |
| Trade receivables | 40 | €1,263 | €10,971 | +€9,708 | +768.6% |
| Cash at bank and in hand | 54/58 | €11,234 | €6,920 | -€4,314 | -38.4% |
| Total equity and liabilities | 10/49 | €86,240 | €79,757 | -€6,483 | -7.5% |
| Equity | 10/15 | €6,474 | €17,642 | +€11,168 | +172.5% |
| Contributions | 10/11 | €6,695 | €6,695 | = | 0.0% |
| Reserves | 13 | - | €10,000 | +€10,000 | |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | -€221 | €947 | +€1,168 | |
| Amounts payable | 17/49 | €79,766 | €62,115 | -€17,651 | -22.1% |
| Amounts payable after more than one year | 17 | €56,330 | €39,815 | -€16,515 | -29.3% |
| Financial debts | 170/4 | €56,330 | €39,815 | -€16,515 | -29.3% |
| Amounts payable within one year | 42/48 | €18,755 | €22,300 | +€3,545 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €13,618 | €14,206 | +€588 | +4.3% |
| Trade debts | 44 | €1,037 | €1,756 | +€719 | +69.3% |
| Suppliers | 440/4 | €1,037 | €1,756 | +€719 | +69.3% |
| Taxes, remuneration and social security | 45 | €4,100 | €6,338 | +€2,238 | +54.6% |
| Taxes | 450/3 | €3,600 | €4,838 | +€1,238 | +34.4% |
| Remuneration and social security | 454/9 | €500 | €1,500 | +€1,000 | +200.0% |
| Accrued charges and deferred income | 492/3 | €4,681 | - | -€4,681 | |
| Non-recurring operating income | 76A | €17,240 | - | -€17,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,836 | €13,375 | +€4,539 | +51.4% |
| Other operating charges | 640/8 | €4,359 | €573 | -€3,786 | -86.9% |
| Gross operating margin | 9900 | €15,688 | €28,044 | +€12,356 | +78.8% |
| Operating profit (loss) | 9901 | €2,493 | €14,096 | +€11,603 | +465.4% |
| Financial income | 75/76B | €2,564 | - | -€2,564 | |
| Recurring financial income | 75 | €2,564 | - | -€2,564 | |
| Non-recurring financial income | 76B | €2,564 | - | -€2,564 | |
| Financial charges | 65/66B | €3,554 | €1,927 | -€1,627 | -45.8% |
| Recurring financial charges | 65 | €3,554 | €1,927 | -€1,627 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | €1,503 | €12,169 | +€10,666 | +709.6% |
| Income taxes | 67/77 | €78 | €1,000 | +€922 | +1182.1% |
| Profit (loss) for the period | 9904 | €1,425 | €11,169 | +€9,744 | +683.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,425 | €11,169 | +€9,744 | +683.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.