GWENO: 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.
GWENO
Largest movements
- Tangible fixed assets -€47,520
down €47,520 (-6.2%), from €770,126 to €722,606
- Receivables within one year -€33,615
down €33,615 (-28.3%), from €118,950 to €85,335
of which Trade receivables: -€31,875
- Profit (loss) carried forward -€51,061
down €51,061 (-15.6%), from €327,080 to €276,019
- Other debts -€30,272
down €30,272 (-21.1%), from €143,429 to €113,157
- Gross operating margin -€32,195
down €32,195 (-98.7%), from €32,611 to €416
- Depreciation -€2,426
down €2,426 (-4.9%), from €49,946 to €47,520
- Other operating charges -€1,521
down €1,521 (-43.1%), from €3,531 to €2,010
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 | €977,010 | €889,327 | -€87,683 | -9.0% |
| Fixed assets | 21/28 | €771,126 | €723,606 | -€47,520 | -6.2% |
| Tangible fixed assets | 22/27 | €770,126 | €722,606 | -€47,520 | -6.2% |
| Land and buildings | 22 | €770,126 | €722,606 | -€47,520 | -6.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €205,884 | €165,721 | -€40,163 | -19.5% |
| Stocks and contracts in progress | 3 | €59,201 | €59,201 | = | 0.0% |
| Stocks | 30/36 | €59,201 | €59,201 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €118,950 | €85,335 | -€33,615 | -28.3% |
| Trade receivables | 40 | €104,505 | €72,629 | -€31,875 | -30.5% |
| Other amounts receivable | 41 | €14,446 | €12,706 | -€1,740 | -12.0% |
| Cash at bank and in hand | 54/58 | €27,733 | €19,032 | -€8,701 | -31.4% |
| Deferred charges and accrued income | 490/1 | - | €2,153 | +€2,153 | |
| Total equity and liabilities | 10/49 | €977,010 | €889,327 | -€87,683 | -9.0% |
| Equity | 10/15 | €719,614 | €668,553 | -€51,061 | -7.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €373,942 | €373,942 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €372,082 | €372,082 | = | 0.0% |
| Profit (loss) carried forward | 14 | €327,080 | €276,019 | -€51,061 | -15.6% |
| Amounts payable | 17/49 | €257,396 | €220,774 | -€36,622 | -14.2% |
| Amounts payable within one year | 42/48 | €187,396 | €150,774 | -€36,622 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €7,200 | €6,000 | -€1,200 | -16.7% |
| Trade debts | 44 | €33,825 | €31,617 | -€2,208 | -6.5% |
| Suppliers | 440/4 | €33,825 | €31,617 | -€2,208 | -6.5% |
| Taxes, remuneration and social security | 45 | €2,942 | - | -€2,942 | |
| Taxes | 450/3 | €2,942 | - | -€2,942 | |
| Other amounts payable | 47/48 | €143,429 | €113,157 | -€30,272 | -21.1% |
| Accrued charges and deferred income | 492/3 | €70,000 | €70,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,946 | €47,520 | -€2,426 | -4.9% |
| Other operating charges | 640/8 | €3,531 | €2,010 | -€1,521 | -43.1% |
| Gross operating margin | 9900 | €32,611 | €416 | -€32,195 | -98.7% |
| Operating profit (loss) | 9901 | -€20,866 | -€49,115 | -€28,249 | -135.4% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €12 | - | -€12 | |
| Non-recurring financial income | 76B | €3 | - | -€3 | |
| Financial charges | 65/66B | €2,094 | €1,946 | -€148 | -7.0% |
| Recurring financial charges | 65 | €2,094 | €1,946 | -€148 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,945 | -€51,061 | -€28,116 | -122.5% |
| Profit (loss) for the period | 9904 | -€22,945 | -€51,061 | -€28,116 | -122.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,945 | -€51,061 | -€28,116 | -122.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.