GWENIMMO: 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.
What changed
GWENIMMO
NACE 77.330, Rental and leasing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,828
2024 · €93,857-€92,028
Equity
€458,321
2024 · €456,493+€1,828
Cash
€20,161
2024 · €17,950+€2,212
Balance sheet total
€1.1m
2024 · €1.1m-€32,081
Largest movements
Assets
- Current investments -€25,000
down €25,000 (-19.2%), from €130,000 to €105,000
- Tangible fixed assets -€16,608
down €16,608 (-1.7%), from €983,399 to €966,792
of which Land and buildings: -€9,804
Equity and liabilities
- Debts after one year -€38,757
down €38,757 (-6.8%), from €566,469 to €527,712
Income statement
- Gross operating margin -€132,119
down €132,119 (-83.3%), from €158,557 to €26,438
- Depreciation -€14,294
down €14,294 (-46.0%), from €31,075 to €16,781
- Financial charges +€3,283
up €3,283 (+121%), from €2,722 to €6,005
- Other operating charges -€2,215
down €2,215 (-41.0%), from €5,399 to €3,184
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.
Result 2024
€93,857
Gross operating margin
-€132,119
Staff costs
-€16
Depreciation
+€14,294
Other operating charges
+€2,215
Financial income
-€89
Financial charges
-€3,283
Taxes
-€7
Deferred taxes and other
+€26,976
Result 2025
€1,828
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€14,915
Investment
+€24,826
Financing
-€37,530
Cash 2024
€17,950
From operations (derived)
+€14,915
Net result for the year
+€1,828
Depreciation
+€16,781
Receivables within one year
-€10,794
Deferred charges and accrued income
+€3,479
Trade debts
+€1,793
Tax, wage and social debts
+€3,980
Other debts
+€1,805
Accrued charges and deferred income
-€3,958
Investment (derived)
+€24,826
Investment in fixed assets (net)
-€174
Current investments
+€25,000
Financing
-€37,530
Debts after one year
-€38,757
Current portion of long-term debt
+€1,227
Cash 2025
€20,161
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,148,653 | €1,116,572 | -€32,081 | -2.8% |
| Fixed assets | 21/28 | €983,758 | €967,150 | -€16,608 | -1.7% |
| Tangible fixed assets | 22/27 | €983,399 | €966,792 | -€16,608 | -1.7% |
| Land and buildings | 22 | €965,967 | €956,163 | -€9,804 | -1.0% |
| Plant, machinery and equipment | 23 | €9,806 | €6,926 | -€2,881 | -29.4% |
| Furniture and vehicles | 24 | €7,626 | €3,703 | -€3,923 | -51.4% |
| Financial fixed assets | 28 | €359 | €359 | = | 0.0% |
| Current assets | 29/58 | €164,896 | €149,422 | -€15,473 | -9.4% |
| Amounts receivable within one year | 40/41 | €13,467 | €24,261 | +€10,794 | +80.2% |
| Trade receivables | 40 | €5,953 | €9,087 | +€3,134 | +52.7% |
| Other amounts receivable | 41 | €7,514 | €15,174 | +€7,660 | +102% |
| Current investments | 50/53 | €130,000 | €105,000 | -€25,000 | -19.2% |
| Cash at bank and in hand | 54/58 | €17,950 | €20,161 | +€2,212 | +12.3% |
| Deferred charges and accrued income | 490/1 | €3,479 | €0 | -€3,479 | -100% |
| Total equity and liabilities | 10/49 | €1,148,653 | €1,116,572 | -€32,081 | -2.8% |
| Equity | 10/15 | €456,493 | €458,321 | +€1,828 | +0.4% |
| Contributions | 10/11 | €618,295 | €618,295 | = | 0.0% |
| Revaluation surpluses | 12 | €1,034 | €1,034 | = | 0.0% |
| Reserves | 13 | €80,928 | €80,928 | = | 0.0% |
| Tax-exempt reserves | 132 | €80,928 | €80,928 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€243,765 | -€241,936 | +€1,828 | +0.7% |
| Provisions and deferred taxes | 16 | €26,976 | €26,976 | = | 0.0% |
| Deferred taxes | 168 | €26,976 | €26,976 | = | 0.0% |
| Amounts payable | 17/49 | €665,184 | €631,275 | -€33,909 | -5.1% |
| Amounts payable after more than one year | 17 | €566,469 | €527,712 | -€38,757 | -6.8% |
| Financial debts | 170/4 | €566,469 | €527,712 | -€38,757 | -6.8% |
| Amounts payable within one year | 42/48 | €92,282 | €101,087 | +€8,805 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €35,180 | €36,407 | +€1,227 | +3.5% |
| Trade debts | 44 | €9,156 | €10,950 | +€1,793 | +19.6% |
| Suppliers | 440/4 | €9,156 | €10,950 | +€1,793 | +19.6% |
| Taxes, remuneration and social security | 45 | €274 | €4,254 | +€3,980 | +1,453% |
| Taxes | 450/3 | €274 | €4,254 | +€3,980 | +1,453% |
| Other amounts payable | 47/48 | €47,672 | €49,477 | +€1,805 | +3.8% |
| Accrued charges and deferred income | 492/3 | €6,433 | €2,476 | -€3,958 | -61.5% |
| Non-recurring operating income | 76A | €107,905 | €0 | -€107,905 | -100% |
| Remuneration, social security and pensions | 62 | - | €16 | +€16 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,075 | €16,781 | -€14,294 | -46.0% |
| Other operating charges | 640/8 | €5,399 | €3,184 | -€2,215 | -41.0% |
| Gross operating margin | 9900 | €158,557 | €26,438 | -€132,119 | -83.3% |
| Operating profit (loss) | 9901 | €122,083 | €6,457 | -€115,626 | -94.7% |
| Financial income | 75/76B | €1,641 | €1,552 | -€89 | -5.4% |
| Recurring financial income | 75 | €1,641 | €1,552 | -€89 | -5.4% |
| Financial charges | 65/66B | €2,722 | €6,005 | +€3,283 | +121% |
| Recurring financial charges | 65 | €2,722 | €6,005 | +€3,283 | +121% |
| Profit (loss) for the period before taxes | 9903 | €121,002 | €2,004 | -€118,998 | -98.3% |
| Transfer to deferred taxes | 680 | €26,976 | €0 | -€26,976 | -100% |
| Income taxes | 67/77 | €169 | €176 | +€7 | +3.9% |
| Profit (loss) for the period | 9904 | €93,857 | €1,828 | -€92,028 | -98.1% |
| Transfer to tax-exempt reserves | 689 | €80,928 | €0 | -€80,928 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €12,928 | €1,828 | -€11,100 | -85.9% |
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 25 October 2026 via checked.be.