GWOMI: 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.
GWOMI
Largest movements
- Current investments +€75,591
new in 2025: €75,591
- Cash +€39,108
up €39,108 (+80.5%), from €48,607 to €87,715
mainly Net result for the year (+€133,603) and Depreciation (+€41,318)
- Receivables within one year -€11,721
down €11,721 (-4.2%), from €276,395 to €264,674
of which Trade receivables: -€15,888
- Reserves +€45,003
up €45,003 (+16.0%), from €281,085 to €326,089
of which Distributable reserves: +€45,003
- Tax, wage and social debts +€30,090
up €30,090 (+178%), from €16,924 to €47,013
of which Taxes: +€30,090
- Debts after one year +€24,351
up €24,351 (+4.2%), from €581,308 to €605,659
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Gross operating margin +€118,274
up €118,274 (+94.8%), from €124,800 to €243,075
- Taxes +€33,062
up €33,062 (+207%), from €15,964 to €49,025
- Depreciation +€3,628
up €3,628 (+9.6%), from €37,690 to €41,318
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €967,639 | €1,079,563 | +€111,925 | +11.6% |
| Fixed assets | 21/28 | €642,637 | €646,581 | +€3,944 | +0.6% |
| Tangible fixed assets | 22/27 | €562,637 | €566,581 | +€3,944 | +0.7% |
| Land and buildings | 22 | €520,949 | €491,233 | -€29,715 | -5.7% |
| Plant, machinery and equipment | 23 | €12,485 | €9,895 | -€2,590 | -20.7% |
| Furniture and vehicles | 24 | €1,163 | €881 | -€282 | -24.3% |
| Other tangible fixed assets | 26 | €28,040 | €64,571 | +€36,531 | +130% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €325,002 | €432,982 | +€107,980 | +33.2% |
| Amounts receivable within one year | 40/41 | €276,395 | €264,674 | -€11,721 | -4.2% |
| Trade receivables | 40 | €218,809 | €202,921 | -€15,888 | -7.3% |
| Other amounts receivable | 41 | €57,586 | €61,753 | +€4,167 | +7.2% |
| Current investments | 50/53 | - | €75,591 | +€75,591 | |
| Cash at bank and in hand | 54/58 | €48,607 | €87,715 | +€39,108 | +80.5% |
| Deferred charges and accrued income | 490/1 | - | €5,003 | +€5,003 | |
| Total equity and liabilities | 10/49 | €967,639 | €1,079,563 | +€111,925 | +11.6% |
| Equity | 10/15 | €287,285 | €344,689 | +€57,403 | +20.0% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €281,085 | €326,089 | +€45,003 | +16.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €281,085 | €326,089 | +€45,003 | +16.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €680,354 | €734,875 | +€54,521 | +8.0% |
| Amounts payable after more than one year | 17 | €581,308 | €605,659 | +€24,351 | +4.2% |
| Financial debts | 170/4 | €581,308 | €605,659 | +€24,351 | +4.2% |
| Amounts payable within one year | 42/48 | €98,512 | €128,816 | +€30,304 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €38,016 | €45,330 | +€7,314 | +19.2% |
| Financial debts | 43 | €12,554 | €12,532 | -€22 | -0.2% |
| Credit institutions | 430/8 | €12,554 | €12,532 | -€22 | -0.2% |
| Trade debts | 44 | €27,308 | €21,376 | -€5,932 | -21.7% |
| Suppliers | 440/4 | €27,308 | €21,376 | -€5,932 | -21.7% |
| Advances received on contracts in progress | 46 | €2,156 | €0 | -€2,156 | -100% |
| Taxes, remuneration and social security | 45 | €16,924 | €47,013 | +€30,090 | +178% |
| Taxes | 450/3 | €16,924 | €47,013 | +€30,090 | +178% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,555 | €2,565 | +€1,010 | +64.9% |
| Accrued charges and deferred income | 492/3 | €533 | €400 | -€134 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,690 | €41,318 | +€3,628 | +9.6% |
| Other operating charges | 640/8 | €6,529 | €8,141 | +€1,612 | +24.7% |
| Gross operating margin | 9900 | €124,800 | €243,075 | +€118,274 | +94.8% |
| Operating profit (loss) | 9901 | €80,582 | €193,616 | +€113,034 | +140% |
| Financial income | 75/76B | €4,396 | €3,991 | -€405 | -9.2% |
| Recurring financial income | 75 | €4,396 | €3,991 | -€405 | -9.2% |
| Financial charges | 65/66B | €12,719 | €14,978 | +€2,259 | +17.8% |
| Recurring financial charges | 65 | €12,719 | €14,978 | +€2,259 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €72,259 | €182,629 | +€110,370 | +153% |
| Income taxes | 67/77 | €15,964 | €49,025 | +€33,062 | +207% |
| Profit (loss) for the period | 9904 | €56,296 | €133,603 | +€77,308 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €56,296 | €133,603 | +€77,308 | +137% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.