WORLD GATE BELGIUM: 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.
WORLD GATE BELGIUM
Largest movements
- Receivables within one year -€15,010
down €15,010 (-19.3%), from €77,856 to €62,846
of which Trade receivables: -€15,272
- Cash +€8,157
up €8,157 (+1,090%), from €748 to €8,905
mainly Other debts (+€33,379) and Receivables within one year (+€15,010)
- Financial fixed assets +€5,893
new in 2024: €5,893
- Tangible fixed assets -€1,903
down €1,903 (-15.2%), from €12,483 to €10,580
of which Other tangible fixed assets: -€1,307
- Intangible fixed assets -€1,894
no longer reported in 2024 (was €1,894)
- Other debts +€33,379
up €33,379 (+21.1%), from €157,920 to €191,299
- Profit (loss) carried forward -€31,290
down €31,290 (-28.4%), from -€110,182 to -€141,473
- Tax, wage and social debts -€5,986
no longer reported in 2024 (was €5,986)
of which Taxes: -€4,003
- Gross operating margin -€40,942
down €40,942, from €17,532 to -€23,409
- Staff costs -€13,730
no longer reported in 2024 (was €13,730)
- Depreciation +€580
up €580 (+10.4%), from €5,572 to €6,152
- Financial charges +€518
up €518 (+63.0%), from €823 to €1,341
- Other operating charges +€287
up €287 (+287%), from €100 to €387
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,981 | €88,224 | -€4,757 | -5.1% |
| Fixed assets | 21/28 | €14,377 | €16,473 | +€2,097 | +14.6% |
| Intangible fixed assets | 21 | €1,894 | - | -€1,894 | |
| Tangible fixed assets | 22/27 | €12,483 | €10,580 | -€1,903 | -15.2% |
| Plant, machinery and equipment | 23 | €8,801 | €8,698 | -€104 | -1.2% |
| Furniture and vehicles | 24 | €632 | €140 | -€492 | -77.8% |
| Other tangible fixed assets | 26 | €3,049 | €1,742 | -€1,307 | -42.9% |
| Financial fixed assets | 28 | - | €5,893 | +€5,893 | |
| Current assets | 29/58 | €78,605 | €71,751 | -€6,854 | -8.7% |
| Amounts receivable within one year | 40/41 | €77,856 | €62,846 | -€15,010 | -19.3% |
| Trade receivables | 40 | €77,856 | €62,584 | -€15,272 | -19.6% |
| Other amounts receivable | 41 | - | €262 | +€262 | |
| Cash at bank and in hand | 54/58 | €748 | €8,905 | +€8,157 | +1,090% |
| Total equity and liabilities | 10/49 | €92,981 | €88,224 | -€4,757 | -5.1% |
| Equity | 10/15 | -€91,582 | -€122,873 | -€31,290 | -34.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,182 | -€141,473 | -€31,290 | -28.4% |
| Amounts payable | 17/49 | €184,564 | €211,097 | +€26,533 | +14.4% |
| Amounts payable within one year | 42/48 | €184,564 | €211,097 | +€26,533 | +14.4% |
| Trade debts | 44 | €20,658 | €19,798 | -€859 | -4.2% |
| Suppliers | 440/4 | €20,658 | €19,798 | -€859 | -4.2% |
| Taxes, remuneration and social security | 45 | €5,986 | - | -€5,986 | |
| Taxes | 450/3 | €4,003 | - | -€4,003 | |
| Remuneration and social security | 454/9 | €1,983 | - | -€1,983 | |
| Other amounts payable | 47/48 | €157,920 | €191,299 | +€33,379 | +21.1% |
| Remuneration, social security and pensions | 62 | €13,730 | - | -€13,730 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,572 | €6,152 | +€580 | +10.4% |
| Other operating charges | 640/8 | €100 | €387 | +€287 | +287% |
| Gross operating margin | 9900 | €17,532 | -€23,409 | -€40,942 | |
| Operating profit (loss) | 9901 | -€1,869 | -€29,949 | -€28,079 | -1,502% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €823 | €1,341 | +€518 | +63.0% |
| Recurring financial charges | 65 | €823 | €1,341 | +€518 | +63.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,692 | -€31,290 | -€28,598 | -1,062% |
| Profit (loss) for the period | 9904 | -€2,692 | -€31,290 | -€28,598 | -1,062% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,692 | -€31,290 | -€28,598 | -1,062% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.