GWYLAN: what changed
Two fiscal 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.
GWYLAN
Largest movements
- Cash -€158,852
down €158,852 (-71.4%), from €222,345 to €63,493
mainly Contributions, distributions and other (-€206,000) and Tax, wage and social debts (-€5,947)
- Reserves -€155,110
down €155,110 (-75.3%), from €206,050 to €50,940
- Tax, wage and social debts -€5,947
down €5,947 (-28.5%), from €20,854 to €14,907
- Taxes +€4,072
up €4,072 (+30.3%), from €13,445 to €17,517
- Gross operating margin +€1,971
up €1,971 (+2.9%), from €67,599 to €69,570
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 | €232,048 | €71,426 | -€160,622 | -69.2% |
| Fixed assets | 21/28 | €1,035 | €1,033 | -€2 | -0.2% |
| Tangible fixed assets | 22/27 | €1,035 | €1,033 | -€2 | -0.2% |
| Furniture and vehicles | 24 | €1,035 | €1,033 | -€2 | -0.2% |
| Current assets | 29/58 | €231,013 | €70,393 | -€160,620 | -69.5% |
| Amounts receivable within one year | 40/41 | €8,669 | €6,900 | -€1,769 | -20.4% |
| Trade receivables | 40 | €8,500 | €6,900 | -€1,600 | -18.8% |
| Other amounts receivable | 41 | €169 | €0 | -€169 | -100.0% |
| Cash at bank and in hand | 54/58 | €222,345 | €63,493 | -€158,852 | -71.4% |
| Total equity and liabilities | 10/49 | €232,048 | €71,426 | -€160,622 | -69.2% |
| Equity | 10/15 | €211,107 | €56,007 | -€155,100 | -73.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €206,050 | €50,940 | -€155,110 | -75.3% |
| Distributable reserves | 133 | €206,050 | €50,940 | -€155,110 | -75.3% |
| Profit (loss) carried forward | 14 | €57 | €67 | +€10 | +16.9% |
| Amounts payable | 17/49 | €20,941 | €15,419 | -€5,522 | -26.4% |
| Amounts payable within one year | 42/48 | €20,941 | €15,419 | -€5,522 | -26.4% |
| Trade debts | 44 | €87 | €462 | +€374 | +428.0% |
| Suppliers | 440/4 | €87 | €462 | +€374 | +428.0% |
| Taxes, remuneration and social security | 45 | €20,854 | €14,907 | -€5,947 | -28.5% |
| Taxes | 450/3 | €20,854 | €14,907 | -€5,947 | -28.5% |
| Other amounts payable | 47/48 | - | €51 | +€51 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €743 | €653 | -€90 | -12.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €67,599 | €69,570 | +€1,971 | +2.9% |
| Operating profit (loss) | 9901 | €66,469 | €68,517 | +€2,049 | +3.1% |
| Financial charges | 65/66B | €111 | €100 | -€11 | -9.9% |
| Recurring financial charges | 65 | €111 | €100 | -€11 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €66,357 | €68,417 | +€2,060 | +3.1% |
| Income taxes | 67/77 | €13,445 | €17,517 | +€4,072 | +30.3% |
| Profit (loss) for the period | 9904 | €52,912 | €50,900 | -€2,012 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,912 | €50,900 | -€2,012 | -3.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.