GWNÏO: 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.
GWNÏO
Largest movements
- Tangible fixed assets -€12,097
down €12,097 (-4.6%), from €263,384 to €251,288
of which Land and buildings: -€11,699
- Cash -€3,184
down €3,184 (-51.5%), from €6,186 to €3,001
mainly Net result for the year (-€21,952) and Debts after one year (-€20,394)
- Other debts +€35,124
up €35,124 (+63.6%), from €55,256 to €90,380
- Profit (loss) carried forward -€21,952
down €21,952 (-34.7%), from -€63,256 to -€85,208
- Debts after one year -€20,394
down €20,394 (-12.3%), from €165,193 to €144,799
- Trade debts -€5,460
down €5,460 (-55.3%), from €9,881 to €4,421
- Gross operating margin +€35,426
up €35,426 (+85.6%), from -€41,396 to -€5,971
- Other operating charges -€7,621
down €7,621 (-99.7%), from €7,647 to €26
- Staff costs -€6,183
down €6,183 (-100.0%), from €6,183 to €0
- Financial charges -€1,640
down €1,640 (-29.8%), from €5,499 to €3,859
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 | €274,091 | €255,773 | -€18,318 | -6.7% |
| Fixed assets | 21/28 | €264,384 | €251,288 | -€13,097 | -5.0% |
| Tangible fixed assets | 22/27 | €263,384 | €251,288 | -€12,097 | -4.6% |
| Land and buildings | 22 | €262,191 | €250,492 | -€11,699 | -4.5% |
| Plant, machinery and equipment | 23 | €1,193 | €796 | -€398 | -33.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,000 | €0 | -€1,000 | -100.0% |
| Current assets | 29/58 | €9,707 | €4,485 | -€5,222 | -53.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €3,521 | €1,484 | -€2,038 | -57.9% |
| Other amounts receivable | 41 | €3,521 | €1,484 | -€2,038 | -57.9% |
| Cash at bank and in hand | 54/58 | €6,186 | €3,001 | -€3,184 | -51.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €274,091 | €255,773 | -€18,318 | -6.7% |
| Equity | 10/15 | €17,257 | -€4,696 | -€21,952 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,913 | €61,913 | = | 0.0% |
| Distributable reserves | 133 | €61,913 | €61,913 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,256 | -€85,208 | -€21,952 | -34.7% |
| Amounts payable | 17/49 | €256,834 | €260,468 | +€3,634 | +1.4% |
| Amounts payable after more than one year | 17 | €165,193 | €144,799 | -€20,394 | -12.3% |
| Financial debts | 170/4 | €165,193 | €144,799 | -€20,394 | -12.3% |
| Amounts payable within one year | 42/48 | €88,546 | €115,282 | +€26,736 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €21,944 | €20,394 | -€1,550 | -7.1% |
| Trade debts | 44 | €9,881 | €4,421 | -€5,460 | -55.3% |
| Suppliers | 440/4 | €9,881 | €4,421 | -€5,460 | -55.3% |
| Taxes, remuneration and social security | 45 | €1,465 | €87 | -€1,378 | -94.0% |
| Taxes | 450/3 | €1,465 | €87 | -€1,378 | -94.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €55,256 | €90,380 | +€35,124 | +63.6% |
| Accrued charges and deferred income | 492/3 | €3,096 | €387 | -€2,708 | -87.5% |
| Non-recurring operating income | 76A | €10,515 | €0 | -€10,515 | -100.0% |
| Remuneration, social security and pensions | 62 | €6,183 | €0 | -€6,183 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,097 | €12,097 | = | 0.0% |
| Other operating charges | 640/8 | €7,647 | €26 | -€7,621 | -99.7% |
| Non-recurring operating charges | 66A | €7,864 | €0 | -€7,864 | -100.0% |
| Gross operating margin | 9900 | -€41,396 | -€5,971 | +€35,426 | +85.6% |
| Operating profit (loss) | 9901 | -€75,188 | -€18,093 | +€57,095 | +75.9% |
| Financial income | 75/76B | €1 | €1 | -€0 | -47.6% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -47.6% |
| Financial charges | 65/66B | €5,499 | €3,859 | -€1,640 | -29.8% |
| Recurring financial charges | 65 | €5,499 | €3,859 | -€1,640 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | -€80,686 | -€21,952 | +€58,734 | +72.8% |
| Income taxes | 67/77 | €240 | €0 | -€240 | -100.0% |
| Profit (loss) for the period | 9904 | -€80,926 | -€21,952 | +€58,974 | +72.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,926 | -€21,952 | +€58,974 | +72.9% |
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 11 October 2026 via checked.be.