Gwedina 9: 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.
Gwedina 9
Largest movements
- Receivables within one year -€135,393
down €135,393 (-95.0%), from €142,471 to €7,079
of which Other amounts receivable: -€100,000
- Tangible fixed assets -€22,983
down €22,983 (-6.9%), from €332,623 to €309,639
- Cash -€9,645
down €9,645 (-22.4%), from €43,003 to €33,358
mainly Other debts (-€225,130) and Contributions, distributions and other (-€19,500)
- Other debts -€225,130
down €225,130 (-92.0%), from €244,630 to €19,500
- Trade debts +€44,710
up €44,710 (+123,303%), from €36 to €44,746
- Accrued charges and deferred income +€12,950
new in 2025: €12,950
No income-statement line moved by more than 1% of the activity.
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €518,097 | €350,076 | -€168,021 | -32.4% |
| Fixed assets | 21/28 | €332,623 | €309,639 | -€22,983 | -6.9% |
| Tangible fixed assets | 22/27 | €332,623 | €309,639 | -€22,983 | -6.9% |
| Land and buildings | 22 | €332,623 | €309,639 | -€22,983 | -6.9% |
| Current assets | 29/58 | €185,474 | €40,437 | -€145,037 | -78.2% |
| Amounts receivable within one year | 40/41 | €142,471 | €7,079 | -€135,393 | -95.0% |
| Trade receivables | 40 | €42,471 | €7,079 | -€35,393 | -83.3% |
| Other amounts receivable | 41 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €43,003 | €33,358 | -€9,645 | -22.4% |
| Total equity and liabilities | 10/49 | €518,097 | €350,076 | -€168,021 | -32.4% |
| Equity | 10/15 | €270,467 | €270,535 | +€68 | 0.0% |
| Contributions | 10/11 | €218,550 | €218,550 | = | 0.0% |
| Reserves | 13 | €51,917 | €51,985 | +€68 | +0.1% |
| Distributable reserves | 133 | €51,917 | €51,985 | +€68 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €247,630 | €79,541 | -€168,089 | -67.9% |
| Amounts payable within one year | 42/48 | €247,630 | €66,591 | -€181,039 | -73.1% |
| Trade debts | 44 | €36 | €44,746 | +€44,710 | +123,303% |
| Suppliers | 440/4 | €36 | €44,746 | +€44,710 | +123,303% |
| Taxes, remuneration and social security | 45 | €2,963 | €2,345 | -€619 | -20.9% |
| Taxes | 450/3 | €2,963 | €2,345 | -€619 | -20.9% |
| Other amounts payable | 47/48 | €244,630 | €19,500 | -€225,130 | -92.0% |
| Accrued charges and deferred income | 492/3 | - | €12,950 | +€12,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,983 | €22,983 | = | 0.0% |
| Other operating charges | 640/8 | €12,534 | €12,926 | +€392 | +3.1% |
| Gross operating margin | 9900 | €55,867 | €55,938 | +€71 | +0.1% |
| Operating profit (loss) | 9901 | €20,350 | €20,029 | -€321 | -1.6% |
| Financial charges | 65/66B | €420 | €436 | +€16 | +3.7% |
| Recurring financial charges | 65 | €420 | €436 | +€16 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €19,929 | €19,593 | -€336 | -1.7% |
| Income taxes | 67/77 | €8 | €25 | +€17 | +210% |
| Profit (loss) for the period | 9904 | €19,921 | €19,568 | -€353 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,921 | €19,568 | -€353 | -1.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.