GWEJO: 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.
GWEJO
Largest movements
- Tangible fixed assets -€46,687
down €46,687 (-91.5%), from €51,041 to €4,354
of which Furniture and vehicles: -€46,177
- Receivables within one year +€45,820
up €45,820 (+6903.5%), from €664 to €46,484
of which Trade receivables: +€26,500
- Cash +€7,327
up €7,327 (+17.9%), from €40,984 to €48,311
mainly Investment in fixed assets (net) (+€45,719) and Net result for the year (+€34,770)
- Reserves +€34,770
up €34,770 (+70.6%), from €49,272 to €84,042
- Current portion of long-term debt -€12,365
no longer reported in 2025 (was €12,365)
- Debts after one year -€9,624
no longer reported in 2025 (was €9,624)
- Other debts -€9,050
no longer reported in 2025 (was €9,050)
- Tax, wage and social debts +€6,618
up €6,618 (+315.1%), from €2,100 to €8,718
- Financial income +€10,154
up €10,154 (+67.2%), from €15,104 to €25,258
- Gross operating margin -€7,368
down €7,368 (-28.6%), from €25,726 to €18,358
- Depreciation -€2,606
down €2,606 (-72.9%), from €3,574 to €968
- Other operating charges +€1,654
up €1,654 (+369.3%), from €448 to €2,102
- Taxes -€323
down €323 (-6.1%), from €5,336 to €5,013
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.
Cash bridge derived
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 | €93,600 | €99,201 | +€5,601 | +6.0% |
| Fixed assets | 21/28 | €51,041 | €4,354 | -€46,687 | -91.5% |
| Tangible fixed assets | 22/27 | €51,041 | €4,354 | -€46,687 | -91.5% |
| Land and buildings | 22 | €1,291 | €1,146 | -€145 | -11.2% |
| Plant, machinery and equipment | 23 | €1,162 | €797 | -€365 | -31.4% |
| Furniture and vehicles | 24 | €48,588 | €2,410 | -€46,177 | -95.0% |
| Current assets | 29/58 | €42,559 | €94,847 | +€52,288 | +122.9% |
| Amounts receivable within one year | 40/41 | €664 | €46,484 | +€45,820 | +6903.5% |
| Trade receivables | 40 | - | €26,500 | +€26,500 | |
| Other amounts receivable | 41 | €664 | €19,984 | +€19,320 | +2910.9% |
| Cash at bank and in hand | 54/58 | €40,984 | €48,311 | +€7,327 | +17.9% |
| Deferred charges and accrued income | 490/1 | €911 | €52 | -€859 | -94.3% |
| Total equity and liabilities | 10/49 | €93,600 | €99,201 | +€5,601 | +6.0% |
| Equity | 10/15 | €50,272 | €85,042 | +€34,770 | +69.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €49,272 | €84,042 | +€34,770 | +70.6% |
| Distributable reserves | 133 | €49,272 | €84,042 | +€34,770 | +70.6% |
| Amounts payable | 17/49 | €43,328 | €14,159 | -€29,169 | -67.3% |
| Amounts payable after more than one year | 17 | €9,624 | - | -€9,624 | |
| Financial debts | 170/4 | €9,624 | - | -€9,624 | |
| Amounts payable within one year | 42/48 | €33,704 | €14,159 | -€19,545 | -58.0% |
| Current portion of amounts payable after more than one year | 42 | €12,365 | - | -€12,365 | |
| Trade debts | 44 | €10,188 | €5,441 | -€4,747 | -46.6% |
| Suppliers | 440/4 | €10,188 | €5,441 | -€4,747 | -46.6% |
| Taxes, remuneration and social security | 45 | €2,100 | €8,718 | +€6,618 | +315.1% |
| Taxes | 450/3 | €2,100 | €8,718 | +€6,618 | +315.1% |
| Other amounts payable | 47/48 | €9,050 | - | -€9,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,574 | €968 | -€2,606 | -72.9% |
| Other operating charges | 640/8 | €448 | €2,102 | +€1,654 | +369.3% |
| Gross operating margin | 9900 | €25,726 | €18,358 | -€7,368 | -28.6% |
| Operating profit (loss) | 9901 | €21,703 | €15,288 | -€6,415 | -29.6% |
| Financial income | 75/76B | €15,104 | €25,258 | +€10,154 | +67.2% |
| Recurring financial income | 75 | €15,104 | €25,258 | +€10,154 | +67.2% |
| Financial charges | 65/66B | €498 | €762 | +€265 | +53.2% |
| Recurring financial charges | 65 | €498 | €762 | +€265 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €36,310 | €39,784 | +€3,474 | +9.6% |
| Income taxes | 67/77 | €5,336 | €5,013 | -€323 | -6.1% |
| Profit (loss) for the period | 9904 | €30,974 | €34,770 | +€3,797 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,974 | €34,770 | +€3,797 | +12.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.