GWC NW CONSTRUCT: 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.
GWC NW CONSTRUCT
Largest movements
- Receivables within one year +€61,940
up €61,940 (+436.1%), from €14,204 to €76,144
of which Trade receivables: +€59,208
- Tangible fixed assets -€5,029
down €5,029 (-14.7%), from €34,226 to €29,196
of which Furniture and vehicles: -€6,898
- Trade debts +€28,386
up €28,386 (+90.0%), from €31,556 to €59,942
of which Bills of exchange payable: +€15,403
- Tax, wage and social debts +€18,225
up €18,225 (+401.5%), from €4,539 to €22,764
of which Remuneration and social security: +€10,287
- Profit (loss) carried forward +€10,222
up €10,222 (+182.8%), from €5,592 to €15,815
- Turnover -€260,372
no longer reported in 2024 (was €260,372)
- Purchases and services -€250,789
no longer reported in 2024 (was €250,789)
- Gross operating margin +€13,398
up €13,398 (+139.8%), from €9,583 to €22,982
- Depreciation +€5,396
up €5,396 (+294.5%), from €1,833 to €7,228
- Taxes +€2,817
up €2,817 (+148.3%), from €1,899 to €4,716
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 | €49,687 | €107,562 | +€57,875 | +116.5% |
| Fixed assets | 21/28 | €34,226 | €29,196 | -€5,029 | -14.7% |
| Tangible fixed assets | 22/27 | €34,226 | €29,196 | -€5,029 | -14.7% |
| Plant, machinery and equipment | 23 | €1,524 | €3,392 | +€1,868 | +122.6% |
| Furniture and vehicles | 24 | €32,701 | €25,804 | -€6,898 | -21.1% |
| Current assets | 29/58 | €15,462 | €78,366 | +€62,904 | +406.8% |
| Amounts receivable within one year | 40/41 | €14,204 | €76,144 | +€61,940 | +436.1% |
| Trade receivables | 40 | €5,925 | €65,133 | +€59,208 | +999.3% |
| Other amounts receivable | 41 | €8,279 | €11,010 | +€2,731 | +33.0% |
| Cash at bank and in hand | 54/58 | €1,258 | €2,223 | +€965 | +76.7% |
| Total equity and liabilities | 10/49 | €49,687 | €107,562 | +€57,875 | +116.5% |
| Equity | 10/15 | €13,592 | €23,815 | +€10,222 | +75.2% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,592 | €15,815 | +€10,222 | +182.8% |
| Amounts payable | 17/49 | €36,095 | €83,748 | +€47,653 | +132.0% |
| Amounts payable within one year | 42/48 | €36,095 | €83,748 | +€47,653 | +132.0% |
| Trade debts | 44 | €31,556 | €59,942 | +€28,386 | +90.0% |
| Suppliers | 440/4 | €31,556 | €44,539 | +€12,983 | +41.1% |
| Bills of exchange payable | 441 | - | €15,403 | +€15,403 | |
| Taxes, remuneration and social security | 45 | €4,539 | €22,764 | +€18,225 | +401.5% |
| Taxes | 450/3 | €1,899 | €9,836 | +€7,938 | +418.0% |
| Remuneration and social security | 454/9 | €2,640 | €12,927 | +€10,287 | +389.7% |
| Other amounts payable | 47/48 | - | €1,042 | +€1,042 | |
| Turnover | 70 | €260,372 | - | -€260,372 | |
| Goods, raw materials, services and sundry goods | 60/61 | €250,789 | - | -€250,789 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,833 | €7,228 | +€5,396 | +294.5% |
| Other operating charges | 640/8 | €246 | €440 | +€194 | +78.8% |
| Gross operating margin | 9900 | €9,583 | €22,982 | +€13,398 | +139.8% |
| Operating profit (loss) | 9901 | €7,505 | €15,313 | +€7,808 | +104.0% |
| Financial charges | 65/66B | €14 | €376 | +€362 | +2677.7% |
| Recurring financial charges | 65 | €14 | €376 | +€362 | +2677.7% |
| Profit (loss) for the period before taxes | 9903 | €7,491 | €14,938 | +€7,446 | +99.4% |
| Income taxes | 67/77 | €1,899 | €4,716 | +€2,817 | +148.3% |
| Profit (loss) for the period | 9904 | €5,592 | €10,222 | +€4,630 | +82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,592 | €10,222 | +€4,630 | +82.8% |
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 10 October 2026 via checked.be.