GEWI: what changed
What changed
GEWI
NACE 47.639, Retail sale of other sporting goods
filed annual accounts (NBB)
Net result for the year
-€13,300
2024 · -€367-€12,933
Equity
€298,077
2024 · €311,378-€13,300
Cash
€12,019
2024 · €107,737-€95,717
Balance sheet total
€580,261
2024 · €604,489-€24,228
Largest movements
Assets
- Cash -€95,717
down €95,717 (-88.8%), from €107,737 to €12,019
mainly Investment in fixed assets (net) (-€94,003) and Current portion of long-term debt (-€35,294)
- Tangible fixed assets +€64,377
up €64,377 (+61.7%), from €104,382 to €168,759
of which Furniture and vehicles: +€66,781
Equity and liabilities
- Debts after one year +€51,995
up €51,995 (+485%), from €10,718 to €62,713
- Current portion of long-term debt -€35,294
down €35,294 (-65.2%), from €54,117 to €18,823
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
- Profit (loss) carried forward -€13,300
down €13,300 (-7.0%), from €190,461 to €177,161
- Trade debts -€6,607
down €6,607 (-9.6%), from €68,475 to €61,869
Income statement
- Write-downs +€7,899
no longer reported in 2025 (was -€7,899)
- Depreciation +€4,281
up €4,281 (+16.9%), from €25,345 to €29,627
- Gross operating margin -€3,438
down €3,438 (-10.5%), from €32,842 to €29,404
- Taxes -€3,107
down €3,107 (-47.3%), from €6,563 to €3,455
- Financial income -€1,759
down €1,759 (-52.3%), from €3,363 to €1,603
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€367
Gross operating margin
-€3,438
Depreciation
-€4,281
Write-downs
-€7,899
Other operating charges
+€242
Other operating items
+€27
Financial income
-€1,759
Financial charges
+€1,069
Taxes
+€3,107
Result 2025
-€13,300
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€6,585
Investment
-€94,003
Financing
-€8,299
Cash 2024
€107,737
From operations (derived)
+€6,585
Net result for the year
-€13,300
Depreciation
+€29,627
Stocks and contracts
-€3,413
Receivables within one year
-€2,314
Deferred charges and accrued income
-€1,386
Trade debts
-€6,607
Tax, wage and social debts
+€686
Other debts
+€3,292
Investment (derived)
-€94,003
Investment in fixed assets (net)
-€94,003
Financing
-€8,299
Debts after one year
+€51,995
Current portion of long-term debt
-€35,294
Short-term financial debts
-€25,000
Cash 2025
€12,019
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €604,489 | €580,261 | -€24,228 | -4.0% |
| Fixed assets | 21/28 | €104,382 | €168,759 | +€64,377 | +61.7% |
| Tangible fixed assets | 22/27 | €104,382 | €168,759 | +€64,377 | +61.7% |
| Land and buildings | 22 | €1,315 | €455 | -€860 | -65.4% |
| Plant, machinery and equipment | 23 | €17,521 | €15,976 | -€1,544 | -8.8% |
| Furniture and vehicles | 24 | €85,547 | €152,328 | +€66,781 | +78.1% |
| Current assets | 29/58 | €500,107 | €411,502 | -€88,605 | -17.7% |
| Stocks and contracts in progress | 3 | €377,948 | €381,361 | +€3,413 | +0.9% |
| Stocks | 30/36 | €377,948 | €381,361 | +€3,413 | +0.9% |
| Amounts receivable within one year | 40/41 | €9,819 | €12,133 | +€2,314 | +23.6% |
| Other amounts receivable | 41 | €9,819 | €12,133 | +€2,314 | +23.6% |
| Cash at bank and in hand | 54/58 | €107,737 | €12,019 | -€95,717 | -88.8% |
| Deferred charges and accrued income | 490/1 | €4,604 | €5,990 | +€1,386 | +30.1% |
| Total equity and liabilities | 10/49 | €604,489 | €580,261 | -€24,228 | -4.0% |
| Equity | 10/15 | €311,378 | €298,077 | -€13,300 | -4.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €114,717 | €114,717 | = | 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% |
| Distributable reserves | 133 | €112,857 | €112,857 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,461 | €177,161 | -€13,300 | -7.0% |
| Amounts payable | 17/49 | €293,112 | €282,184 | -€10,928 | -3.7% |
| Amounts payable after more than one year | 17 | €10,718 | €62,713 | +€51,995 | +485% |
| Financial debts | 170/4 | €10,718 | €62,713 | +€51,995 | +485% |
| Amounts payable within one year | 42/48 | €282,394 | €219,471 | -€62,923 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €54,117 | €18,823 | -€35,294 | -65.2% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €68,475 | €61,869 | -€6,607 | -9.6% |
| Suppliers | 440/4 | €68,475 | €61,869 | -€6,607 | -9.6% |
| Taxes, remuneration and social security | 45 | €11,543 | €12,229 | +€686 | +5.9% |
| Taxes | 450/3 | €11,543 | €12,229 | +€686 | +5.9% |
| Other amounts payable | 47/48 | €123,258 | €126,550 | +€3,292 | +2.7% |
| Non-recurring operating income | 76A | - | €8,075 | +€8,075 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,345 | €29,627 | +€4,281 | +16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,899 | - | +€7,899 | |
| Other operating charges | 640/8 | €1,441 | €1,199 | -€242 | -16.8% |
| Non-recurring operating charges | 66A | €27 | - | -€27 | |
| Gross operating margin | 9900 | €32,842 | €29,404 | -€3,438 | -10.5% |
| Operating profit (loss) | 9901 | €13,928 | -€1,422 | -€15,350 | |
| Financial income | 75/76B | €3,363 | €1,603 | -€1,759 | -52.3% |
| Recurring financial income | 75 | €3,363 | €1,603 | -€1,759 | -52.3% |
| Financial charges | 65/66B | €11,095 | €10,026 | -€1,069 | -9.6% |
| Recurring financial charges | 65 | €11,090 | €10,026 | -€1,064 | -9.6% |
| Non-recurring financial charges | 66B | €5 | - | -€5 | |
| Profit (loss) for the period before taxes | 9903 | €6,195 | -€9,845 | -€16,040 | |
| Income taxes | 67/77 | €6,563 | €3,455 | -€3,107 | -47.3% |
| Profit (loss) for the period | 9904 | -€367 | -€13,300 | -€12,933 | -3,522% |
| Profit (loss) for the period to be appropriated | 9905 | -€367 | -€13,300 | -€12,933 | -3,522% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.