WORLD GATE SERVICES: 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 SERVICES
Largest movements
- Receivables within one year +€107,497
up €107,497 (+346%), from €31,098 to €138,595
of which Other amounts receivable: +€66,383
- Tangible fixed assets +€57,595
up €57,595 (+185%), from €31,208 to €88,802
of which Furniture and vehicles: +€69,563
- Cash -€19,393
down €19,393 (-53.8%), from €36,021 to €16,629
mainly Receivables within one year (-€107,497) and Investment in fixed assets (net) (-€91,159)
- Receivables after one year -€10,340
down €10,340 (-25.6%), from €40,340 to €30,000
- Deferred charges and accrued income +€7,723
up €7,723 (+213%), from €3,627 to €11,350
- Other debts +€104,251
new in 2025: €104,251
- Trade debts +€47,714
new in 2025: €47,714
of which Suppliers: +€37,588
- Tax, wage and social debts +€26,368
up €26,368 (+2,626%), from €1,004 to €27,372
of which Taxes: +€15,708
- Profit (loss) carried forward -€19,155
down €19,155 (-24.6%), from €77,985 to €58,831
- Debts after one year -€13,468
down €13,468 (-35.9%), from €37,558 to €24,091
- Gross operating margin -€90,348
down €90,348 (-65.1%), from €138,889 to €48,541
- Write-downs -€45,000
down €45,000 (-100%), from €45,000 to €0
- Staff costs -€12,674
down €12,674 (-29.8%), from €42,547 to €29,873
- Financial charges -€3,907
down €3,907 (-75.2%), from €5,197 to €1,290
- Other operating charges +€2,632
up €2,632 (+695%), from €379 to €3,011
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 | €152,809 | €295,890 | +€143,081 | +93.6% |
| Fixed assets | 21/28 | €41,723 | €99,317 | +€57,595 | +138% |
| Tangible fixed assets | 22/27 | €31,208 | €88,802 | +€57,595 | +185% |
| Furniture and vehicles | 24 | €19,239 | €88,802 | +€69,563 | +362% |
| Leasing and similar rights | 25 | €11,969 | €0 | -€11,969 | -100% |
| Financial fixed assets | 28 | €10,515 | €10,515 | = | 0.0% |
| Current assets | 29/58 | €111,087 | €196,573 | +€85,487 | +77.0% |
| Amounts receivable after more than one year | 29 | €40,340 | €30,000 | -€10,340 | -25.6% |
| Other amounts receivable | 291 | €40,340 | €30,000 | -€10,340 | -25.6% |
| Amounts receivable within one year | 40/41 | €31,098 | €138,595 | +€107,497 | +346% |
| Trade receivables | 40 | €3,044 | €44,158 | +€41,114 | +1,351% |
| Other amounts receivable | 41 | €28,054 | €94,437 | +€66,383 | +237% |
| Cash at bank and in hand | 54/58 | €36,021 | €16,629 | -€19,393 | -53.8% |
| Deferred charges and accrued income | 490/1 | €3,627 | €11,350 | +€7,723 | +213% |
| Total equity and liabilities | 10/49 | €152,809 | €295,890 | +€143,081 | +93.6% |
| Equity | 10/15 | €98,445 | €79,291 | -€19,155 | -19.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,985 | €58,831 | -€19,155 | -24.6% |
| Amounts payable | 17/49 | €54,364 | €216,600 | +€162,236 | +298% |
| Amounts payable after more than one year | 17 | €37,558 | €24,091 | -€13,468 | -35.9% |
| Financial debts | 170/4 | €37,558 | €24,091 | -€13,468 | -35.9% |
| Amounts payable within one year | 42/48 | €16,806 | €192,509 | +€175,704 | +1,046% |
| Current portion of amounts payable after more than one year | 42 | €15,801 | €13,172 | -€2,629 | -16.6% |
| Trade debts | 44 | - | €47,714 | +€47,714 | |
| Suppliers | 440/4 | - | €37,588 | +€37,588 | |
| Bills of exchange payable | 441 | - | €10,126 | +€10,126 | |
| Taxes, remuneration and social security | 45 | €1,004 | €27,372 | +€26,368 | +2,626% |
| Taxes | 450/3 | €1,004 | €16,712 | +€15,708 | +1,564% |
| Remuneration and social security | 454/9 | - | €10,660 | +€10,660 | |
| Other amounts payable | 47/48 | - | €104,251 | +€104,251 | |
| Remuneration, social security and pensions | 62 | €42,547 | €29,873 | -€12,674 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,793 | €33,564 | +€772 | +2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €45,000 | €0 | -€45,000 | -100% |
| Other operating charges | 640/8 | €379 | €3,011 | +€2,632 | +695% |
| Gross operating margin | 9900 | €138,889 | €48,541 | -€90,348 | -65.1% |
| Operating profit (loss) | 9901 | €18,171 | -€17,908 | -€36,078 | |
| Financial income | 75/76B | €2,166 | €43 | -€2,123 | -98.0% |
| Recurring financial income | 75 | €2,166 | €0 | -€2,166 | -100.0% |
| Non-recurring financial income | 76B | - | €43 | +€43 | |
| Financial charges | 65/66B | €5,197 | €1,290 | -€3,907 | -75.2% |
| Recurring financial charges | 65 | €5,197 | €1,290 | -€3,907 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | €15,140 | -€19,155 | -€34,295 | |
| Profit (loss) for the period | 9904 | €15,140 | -€19,155 | -€34,295 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,140 | -€19,155 | -€34,295 |
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 14 October 2026 via checked.be.