GWE: 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.
GWE
Largest movements
- Cash -€2,505
down €2,505 (-33.4%), from €7,489 to €4,984
mainly Net result for the year (-€2,908) and Tax, wage and social debts (-€1,850)
- Tangible fixed assets -€954
down €954 (-72.1%), from €1,323 to €369
- Receivables within one year -€703
down €703 (-9.1%), from €7,708 to €7,005
of which Trade receivables: -€1,814
- Profit (loss) carried forward -€2,908
down €2,908 (-98.8%), from €2,943 to €35
- Tax, wage and social debts -€1,850
down €1,850 (-78.7%), from €2,350 to €500
of which Taxes: -€1,350
- Other debts +€1,317
up €1,317 (+2026.2%), from €65 to €1,382
- Current portion of long-term debt -€869
down €869 (-25.8%), from €3,369 to €2,500
- Depreciation -€1,247
down €1,247 (-56.7%), from €2,201 to €954
- Gross operating margin -€559
down €559, from €375 to -€184
- Other operating charges -€454
down €454 (-23.4%), from €1,943 to €1,489
- Financial charges -€4
down €4 (-1.4%), from €285 to €281
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 | €16,520 | €12,358 | -€4,162 | -25.2% |
| Fixed assets | 21/28 | €1,323 | €369 | -€954 | -72.1% |
| Tangible fixed assets | 22/27 | €1,323 | €369 | -€954 | -72.1% |
| Furniture and vehicles | 24 | €1,323 | €369 | -€954 | -72.1% |
| Current assets | 29/58 | €15,197 | €11,989 | -€3,208 | -21.1% |
| Amounts receivable within one year | 40/41 | €7,708 | €7,005 | -€703 | -9.1% |
| Trade receivables | 40 | €2,191 | €377 | -€1,814 | -82.8% |
| Other amounts receivable | 41 | €5,517 | €6,628 | +€1,111 | +20.1% |
| Cash at bank and in hand | 54/58 | €7,489 | €4,984 | -€2,505 | -33.4% |
| Total equity and liabilities | 10/49 | €16,520 | €12,358 | -€4,162 | -25.2% |
| Equity | 10/15 | €10,443 | €7,535 | -€2,908 | -27.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,943 | €35 | -€2,908 | -98.8% |
| Amounts payable | 17/49 | €6,077 | €4,823 | -€1,254 | -20.6% |
| Amounts payable within one year | 42/48 | €6,077 | €4,823 | -€1,254 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €3,369 | €2,500 | -€869 | -25.8% |
| Trade debts | 44 | €293 | €441 | +€148 | +50.5% |
| Suppliers | 440/4 | €293 | €441 | +€148 | +50.5% |
| Taxes, remuneration and social security | 45 | €2,350 | €500 | -€1,850 | -78.7% |
| Taxes | 450/3 | €1,350 | - | -€1,350 | |
| Remuneration and social security | 454/9 | €1,000 | €500 | -€500 | -50.0% |
| Other amounts payable | 47/48 | €65 | €1,382 | +€1,317 | +2026.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,201 | €954 | -€1,247 | -56.7% |
| Other operating charges | 640/8 | €1,943 | €1,489 | -€454 | -23.4% |
| Gross operating margin | 9900 | €375 | -€184 | -€559 | |
| Operating profit (loss) | 9901 | -€3,769 | -€2,627 | +€1,142 | +30.3% |
| Financial charges | 65/66B | €285 | €281 | -€4 | -1.4% |
| Recurring financial charges | 65 | €285 | €281 | -€4 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | -€4,054 | -€2,908 | +€1,146 | +28.3% |
| Profit (loss) for the period | 9904 | -€4,054 | -€2,908 | +€1,146 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,054 | -€2,908 | +€1,146 | +28.3% |
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 4 October 2026 via checked.be.