B.W. CONSULT: 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.
B.W. CONSULT
Largest movements
- Tangible fixed assets +€59,366
up €59,366 (+1280.4%), from €4,636 to €64,002
of which Furniture and vehicles: +€58,329
- Cash -€50,277
down €50,277 (-24.1%), from €208,905 to €158,628
mainly Contributions, distributions and other (-€85,000) and Investment in fixed assets (net) (-€62,855)
- Current investments +€11,883
up €11,883 (+102.0%), from €11,650 to €23,534
- Reserves -€28,334
down €28,334 (-16.6%), from €170,498 to €142,164
- Debts after one year +€15,568
new in 2025: €15,568
- Other debts +€14,816
up €14,816 (+70.6%), from €21,000 to €35,816
- Tax, wage and social debts +€13,442
up €13,442 (+126.2%), from €10,652 to €24,094
of which Taxes: +€13,423
- Current portion of long-term debt +€8,107
new in 2025: €8,107
- Gross operating margin +€14,409
up €14,409 (+21.2%), from €67,910 to €82,320
- Taxes +€4,081
up €4,081 (+22.1%), from €18,471 to €22,551
- Depreciation +€1,993
up €1,993 (+133.2%), from €1,496 to €3,489
- Financial charges -€1,375
down €1,375 (-59.9%), from €2,296 to €921
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 | €228,176 | €246,763 | +€18,588 | +8.1% |
| Fixed assets | 21/28 | €5,008 | €64,374 | +€59,366 | +1185.3% |
| Tangible fixed assets | 22/27 | €4,636 | €64,002 | +€59,366 | +1280.4% |
| Plant, machinery and equipment | 23 | €1,008 | €412 | -€596 | -59.1% |
| Furniture and vehicles | 24 | - | €58,329 | +€58,329 | |
| Other tangible fixed assets | 26 | €3,629 | €5,262 | +€1,633 | +45.0% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €223,167 | €182,389 | -€40,778 | -18.3% |
| Amounts receivable within one year | 40/41 | €1,807 | €0 | -€1,807 | -100.0% |
| Trade receivables | 40 | €1,636 | €0 | -€1,636 | -100.0% |
| Other amounts receivable | 41 | €171 | €0 | -€171 | -100.0% |
| Current investments | 50/53 | €11,650 | €23,534 | +€11,883 | +102.0% |
| Cash at bank and in hand | 54/58 | €208,905 | €158,628 | -€50,277 | -24.1% |
| Deferred charges and accrued income | 490/1 | €805 | €228 | -€577 | -71.7% |
| Total equity and liabilities | 10/49 | €228,176 | €246,763 | +€18,588 | +8.1% |
| Equity | 10/15 | €182,498 | €154,164 | -€28,334 | -15.5% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €170,498 | €142,164 | -€28,334 | -16.6% |
| Distributable reserves | 133 | €170,498 | €142,164 | -€28,334 | -16.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,678 | €92,600 | +€46,922 | +102.7% |
| Amounts payable after more than one year | 17 | - | €15,568 | +€15,568 | |
| Financial debts | 170/4 | - | €15,568 | +€15,568 | |
| Amounts payable within one year | 42/48 | €45,678 | €77,032 | +€31,354 | +68.6% |
| Current portion of amounts payable after more than one year | 42 | - | €8,107 | +€8,107 | |
| Financial debts | 43 | €2,511 | €4,212 | +€1,700 | +67.7% |
| Credit institutions | 430/8 | €2,511 | €4,212 | +€1,700 | +67.7% |
| Trade debts | 44 | €11,515 | €4,804 | -€6,711 | -58.3% |
| Suppliers | 440/4 | €11,515 | €4,804 | -€6,711 | -58.3% |
| Taxes, remuneration and social security | 45 | €10,652 | €24,094 | +€13,442 | +126.2% |
| Taxes | 450/3 | €7,842 | €21,265 | +€13,423 | +171.2% |
| Remuneration and social security | 454/9 | €2,810 | €2,829 | +€19 | +0.7% |
| Other amounts payable | 47/48 | €21,000 | €35,816 | +€14,816 | +70.6% |
| Non-recurring operating income | 76A | - | €5,967 | +€5,967 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,496 | €3,489 | +€1,993 | +133.2% |
| Other operating charges | 640/8 | €358 | €620 | +€262 | +73.3% |
| Gross operating margin | 9900 | €67,910 | €82,320 | +€14,409 | +21.2% |
| Operating profit (loss) | 9901 | €66,056 | €78,210 | +€12,154 | +18.4% |
| Financial income | 75/76B | €1,386 | €1,929 | +€543 | +39.1% |
| Recurring financial income | 75 | €1,386 | €1,929 | +€543 | +39.1% |
| Financial charges | 65/66B | €2,296 | €921 | -€1,375 | -59.9% |
| Recurring financial charges | 65 | €2,296 | €921 | -€1,375 | -59.9% |
| Profit (loss) for the period before taxes | 9903 | €65,146 | €79,218 | +€14,071 | +21.6% |
| Income taxes | 67/77 | €18,471 | €22,551 | +€4,081 | +22.1% |
| Profit (loss) for the period | 9904 | €46,676 | €56,666 | +€9,991 | +21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,676 | €56,666 | +€9,991 | +21.4% |
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.