GWK Belgium: what changed
What changed
GWK Belgium
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€728,582
2024 · -€32,367-€696,215
Equity
-€750,948
2024 · -€22,367-€728,582
Cash
€7,376
2024 · €10,000-€2,624
Balance sheet total
€19.6m
2024 · €19.6m-€2,624
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€758,262
up €758,262 (+3.9%), from €19.6m to €20.3m
- Profit (loss) carried forward -€728,582
down €728,582 (-2,251%), from -€32,367 to -€760,948
Income statement
- Financial charges +€689,293
up €689,293 (+2,130%), from €32,367 to €721,659
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
-€32,367
Financial charges
-€689,293
Not broken down
-€6,923
Result 2025
-€728,582
lowers the resultnot broken down further in the accounts
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
-€2,624
Investment
€0
Financing
€0
Cash 2024
€10,000
From operations (derived)
-€2,624
Net result for the year
-€728,582
Trade debts
+€63
Other debts
+€758,262
Accrued charges and deferred income
-€32,367
Cash 2025
€7,376
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,574,470 | €19,571,846 | -€2,624 | 0.0% |
| Fixed assets | 21/28 | €19,564,470 | €19,564,470 | = | 0.0% |
| Financial fixed assets | 28 | €19,564,470 | €19,564,470 | = | 0.0% |
| Affiliated companies | 280/1 | €19,564,470 | €19,564,470 | = | 0.0% |
| Participating interests | 280 | €19,564,470 | €19,564,470 | = | 0.0% |
| Current assets | 29/58 | €10,000 | €7,376 | -€2,624 | -26.2% |
| Cash at bank and in hand | 54/58 | €10,000 | €7,376 | -€2,624 | -26.2% |
| Total equity and liabilities | 10/49 | €19,574,470 | €19,571,846 | -€2,624 | 0.0% |
| Equity | 10/15 | -€22,367 | -€750,948 | -€728,582 | -3,257% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,367 | -€760,948 | -€728,582 | -2,251% |
| Amounts payable | 17/49 | €19,596,837 | €20,322,794 | +€725,958 | +3.7% |
| Amounts payable within one year | 42/48 | €19,564,470 | €20,322,794 | +€758,324 | +3.9% |
| Trade debts | 44 | - | €63 | +€63 | |
| Suppliers | 440/4 | - | €63 | +€63 | |
| Other amounts payable | 47/48 | €19,564,470 | €20,322,732 | +€758,262 | +3.9% |
| Accrued charges and deferred income | 492/3 | €32,367 | - | -€32,367 | |
| Operating charges | 60/66A | - | €6,923 | +€6,923 | |
| Services and other goods | 61 | - | €6,923 | +€6,923 | |
| Operating profit (loss) | 9901 | - | -€6,923 | -€6,923 | |
| Financial charges | 65/66B | €32,367 | €721,659 | +€689,293 | +2,130% |
| Recurring financial charges | 65 | €32,367 | €721,659 | +€689,293 | +2,130% |
| Debt charges | 650 | €32,367 | €721,659 | +€689,293 | +2,130% |
| Profit (loss) for the period before taxes | 9903 | -€32,367 | -€728,582 | -€696,215 | -2,151% |
| Profit (loss) for the period | 9904 | -€32,367 | -€728,582 | -€696,215 | -2,151% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,367 | -€728,582 | -€696,215 | -2,151% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 4 November 2026 via checked.be.