Gwedina 10: what changed
What changed
Gwedina 10
filed annual accounts (NBB)
Net result for the year
€11,312
2024 · €9,905+€1,407
Equity
€136,986
2024 · €125,674+€11,312
Cash
€3,089
2024 · €770+€2,319
Balance sheet total
€488,633
2024 · €504,854-€16,221
Largest movements
Assets
- Tangible fixed assets -€16,540
down €16,540 (-3.3%), from €502,084 to €485,544
Equity and liabilities
- Debts after one year -€41,900
down €41,900 (-33.3%), from €125,697 to €83,797
- Reserves +€11,312
up €11,312 (+10.6%), from €107,074 to €118,386
- Other debts +€9,592
up €9,592 (+5.0%), from €193,550 to €203,143
- Accrued charges and deferred income +€5,416
up €5,416 (+54.2%), from €10,000 to €15,416
Income statement
- Financial charges -€4,104
down €4,104 (-17.6%), from €23,327 to €19,223
- Taxes +€2,493
up €2,493 (+189%), from €1,318 to €3,811
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€9,905
Gross operating margin
+€63
Other operating charges
-€266
Financial charges
+€4,104
Taxes
-€2,493
Result 2025
€11,312
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€44,218
Investment
€0
Financing
-€41,900
Cash 2024
€770
From operations (derived)
+€44,218
Net result for the year
+€11,312
Depreciation
+€16,540
Receivables within one year
+€2,000
Trade debts
-€336
Tax, wage and social debts
-€305
Other debts
+€9,592
Accrued charges and deferred income
+€5,416
Financing
-€41,900
Debts after one year
-€41,900
Cash 2025
€3,089
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €504,854 | €488,633 | -€16,221 | -3.2% |
| Fixed assets | 21/28 | €502,084 | €485,544 | -€16,540 | -3.3% |
| Tangible fixed assets | 22/27 | €502,084 | €485,544 | -€16,540 | -3.3% |
| Land and buildings | 22 | €502,084 | €485,544 | -€16,540 | -3.3% |
| Current assets | 29/58 | €2,770 | €3,089 | +€319 | +11.5% |
| Amounts receivable within one year | 40/41 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts receivable | 41 | €2,000 | €0 | -€2,000 | -100% |
| Cash at bank and in hand | 54/58 | €770 | €3,089 | +€2,319 | +301% |
| Total equity and liabilities | 10/49 | €504,854 | €488,633 | -€16,221 | -3.2% |
| Equity | 10/15 | €125,674 | €136,986 | +€11,312 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,074 | €118,386 | +€11,312 | +10.6% |
| Distributable reserves | 133 | €107,074 | €118,386 | +€11,312 | +10.6% |
| Amounts payable | 17/49 | €379,180 | €351,647 | -€27,533 | -7.3% |
| Amounts payable after more than one year | 17 | €125,697 | €83,797 | -€41,900 | -33.3% |
| Financial debts | 170/4 | €125,697 | €83,797 | -€41,900 | -33.3% |
| Amounts payable within one year | 42/48 | €243,483 | €252,434 | +€8,951 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €41,900 | €41,900 | = | 0.0% |
| Trade debts | 44 | €2,806 | €2,470 | -€336 | -12.0% |
| Suppliers | 440/4 | €2,806 | €2,470 | -€336 | -12.0% |
| Taxes, remuneration and social security | 45 | €5,227 | €4,922 | -€305 | -5.8% |
| Taxes | 450/3 | €5,227 | €4,922 | -€305 | -5.8% |
| Other amounts payable | 47/48 | €193,550 | €203,143 | +€9,592 | +5.0% |
| Accrued charges and deferred income | 492/3 | €10,000 | €15,416 | +€5,416 | +54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,540 | €16,540 | = | 0.0% |
| Other operating charges | 640/8 | €6,550 | €6,816 | +€266 | +4.1% |
| Gross operating margin | 9900 | €57,638 | €57,701 | +€63 | +0.1% |
| Operating profit (loss) | 9901 | €34,549 | €34,346 | -€203 | -0.6% |
| Financial charges | 65/66B | €23,327 | €19,223 | -€4,104 | -17.6% |
| Recurring financial charges | 65 | €23,327 | €19,223 | -€4,104 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €11,222 | €15,123 | +€3,901 | +34.8% |
| Income taxes | 67/77 | €1,318 | €3,811 | +€2,493 | +189% |
| Profit (loss) for the period | 9904 | €9,905 | €11,312 | +€1,407 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,905 | €11,312 | +€1,407 | +14.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.