The Gower: 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.
The Gower
Largest movements
- Receivables within one year +€22,862
up €22,862 (+20.3%), from €112,459 to €135,321
of which Other amounts receivable: +€22,862
- Other debts +€66,857
up €66,857 (+98.0%), from €68,219 to €135,076
- Tax, wage and social debts -€28,613
down €28,613 (-28.1%), from €101,661 to €73,048
- Accrued charges and deferred income -€9,803
down €9,803 (-10.7%), from €91,554 to €81,750
- Profit (loss) carried forward -€8,297
down €8,297 (-5.5%), from €150,404 to €142,107
- Gross operating margin -€156,672
down €156,672, from €153,223 to -€3,450
- Taxes -€40,874
down €40,874 (-100.0%), from €40,891 to €17
- Other operating charges -€3,582
down €3,582 (-64.9%), from €5,520 to €1,939
- Financial income +€1,667
up €1,667 (+32.4%), from €5,152 to €6,819
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 | €538,448 | €556,865 | +€18,417 | +3.4% |
| Fixed assets | 21/28 | €421,428 | €421,165 | -€263 | -0.1% |
| Tangible fixed assets | 22/27 | €417 | €155 | -€263 | -62.9% |
| Furniture and vehicles | 24 | €417 | €155 | -€263 | -62.9% |
| Financial fixed assets | 28 | €421,011 | €421,011 | = | 0.0% |
| Current assets | 29/58 | €117,020 | €135,700 | +€18,680 | +16.0% |
| Amounts receivable within one year | 40/41 | €112,459 | €135,321 | +€22,862 | +20.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €112,459 | €135,321 | +€22,862 | +20.3% |
| Cash at bank and in hand | 54/58 | €1,085 | €231 | -€854 | -78.7% |
| Deferred charges and accrued income | 490/1 | €3,477 | €148 | -€3,329 | -95.8% |
| Total equity and liabilities | 10/49 | €538,448 | €556,865 | +€18,417 | +3.4% |
| Equity | 10/15 | €173,379 | €165,082 | -€8,297 | -4.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,375 | €4,375 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,375 | €4,375 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,375 | €4,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | €150,404 | €142,107 | -€8,297 | -5.5% |
| Amounts payable | 17/49 | €365,069 | €391,783 | +€26,714 | +7.3% |
| Amounts payable after more than one year | 17 | €14,621 | €11,247 | -€3,374 | -23.1% |
| Financial debts | 170/4 | €14,621 | €11,247 | -€3,374 | -23.1% |
| Amounts payable within one year | 42/48 | €258,894 | €298,785 | +€39,891 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €2,249 | €3,374 | +€1,125 | +50.0% |
| Financial debts | 43 | €62,000 | €63,438 | +€1,438 | +2.3% |
| Credit institutions | 430/8 | €62,000 | €63,438 | +€1,438 | +2.3% |
| Trade debts | 44 | €24,764 | €23,848 | -€916 | -3.7% |
| Suppliers | 440/4 | €24,764 | €23,848 | -€916 | -3.7% |
| Taxes, remuneration and social security | 45 | €101,661 | €73,048 | -€28,613 | -28.1% |
| Taxes | 450/3 | €101,661 | €73,048 | -€28,613 | -28.1% |
| Other amounts payable | 47/48 | €68,219 | €135,076 | +€66,857 | +98.0% |
| Accrued charges and deferred income | 492/3 | €91,554 | €81,750 | -€9,803 | -10.7% |
| Non-recurring operating income | 76A | €79,689 | €10,744 | -€68,945 | -86.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263 | €263 | = | 0.0% |
| Other operating charges | 640/8 | €5,520 | €1,939 | -€3,582 | -64.9% |
| Gross operating margin | 9900 | €153,223 | -€3,450 | -€156,672 | |
| Operating profit (loss) | 9901 | €147,439 | -€5,651 | -€153,091 | |
| Financial income | 75/76B | €5,152 | €6,819 | +€1,667 | +32.4% |
| Recurring financial income | 75 | €5,152 | €6,819 | +€1,667 | +32.4% |
| Financial charges | 65/66B | €9,482 | €9,448 | -€35 | -0.4% |
| Recurring financial charges | 65 | €9,482 | €9,448 | -€35 | -0.4% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €143,109 | -€8,280 | -€151,389 | |
| Income taxes | 67/77 | €40,891 | €17 | -€40,874 | -100.0% |
| Profit (loss) for the period | 9904 | €102,218 | -€8,297 | -€110,515 | |
| Profit (loss) for the period to be appropriated | 9905 | €102,218 | -€8,297 | -€110,515 |
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 10 October 2026 via checked.be.