BW 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.
BW CONSULT
Largest movements
- Receivables within one year +€3,007
up €3,007 (+161%), from €1,870 to €4,877
- Tangible fixed assets +€2,738
up €2,738 (+85.1%), from €3,216 to €5,954
- Cash +€671
up €671 (+179%), from €375 to €1,046
mainly Other debts (+€21,140) and Depreciation (+€4,374)
- Other debts +€21,140
up €21,140 (+27.6%), from €76,729 to €97,869
- Profit (loss) carried forward -€9,845
down €9,845 (-12.0%), from -€82,347 to -€92,192
- Reserves -€4,208
down €4,208 (-100%), from €4,208 to €0
- Tax, wage and social debts -€519
down €519 (-100%), from €519 to €0
- Trade debts -€153
down €153 (-100%), from €153 to €0
- Gross operating margin +€2,813
up €2,813 (+22.8%), from -€12,355 to -€9,543
- Depreciation +€1,170
up €1,170 (+36.5%), from €3,204 to €4,374
- Financial income +€828
up €828 (+184,104%), from €0 to €829
- Other operating charges -€526
down €526 (-39.8%), from €1,323 to €797
- Taxes -€352
down €352, from €293 to -€59
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 | €5,461 | €11,877 | +€6,415 | +117% |
| Fixed assets | 21/28 | €3,216 | €5,954 | +€2,738 | +85.1% |
| Tangible fixed assets | 22/27 | €3,216 | €5,954 | +€2,738 | +85.1% |
| Furniture and vehicles | 24 | €3,216 | €5,954 | +€2,738 | +85.1% |
| Current assets | 29/58 | €2,245 | €5,923 | +€3,677 | +164% |
| Amounts receivable within one year | 40/41 | €1,870 | €4,877 | +€3,007 | +161% |
| Other amounts receivable | 41 | €1,870 | €4,877 | +€3,007 | +161% |
| Cash at bank and in hand | 54/58 | €375 | €1,046 | +€671 | +179% |
| Total equity and liabilities | 10/49 | €5,461 | €11,877 | +€6,415 | +117% |
| Equity | 10/15 | -€71,940 | -€85,992 | -€14,053 | -19.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,208 | €0 | -€4,208 | -100% |
| Distributable reserves | 133 | €4,208 | €0 | -€4,208 | -100% |
| Profit (loss) carried forward | 14 | -€82,347 | -€92,192 | -€9,845 | -12.0% |
| Amounts payable | 17/49 | €77,401 | €97,869 | +€20,468 | +26.4% |
| Amounts payable within one year | 42/48 | €77,401 | €97,869 | +€20,468 | +26.4% |
| Trade debts | 44 | €153 | €0 | -€153 | -100% |
| Suppliers | 440/4 | €153 | €0 | -€153 | -100% |
| Taxes, remuneration and social security | 45 | €519 | €0 | -€519 | -100% |
| Taxes | 450/3 | €519 | €0 | -€519 | -100% |
| Other amounts payable | 47/48 | €76,729 | €97,869 | +€21,140 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,204 | €4,374 | +€1,170 | +36.5% |
| Other operating charges | 640/8 | €1,323 | €797 | -€526 | -39.8% |
| Gross operating margin | 9900 | -€12,355 | -€9,543 | +€2,813 | +22.8% |
| Operating profit (loss) | 9901 | -€16,882 | -€14,714 | +€2,169 | +12.8% |
| Financial income | 75/76B | €0 | €829 | +€828 | +184,104% |
| Recurring financial income | 75 | €0 | €829 | +€828 | +184,104% |
| Financial charges | 65/66B | €208 | €227 | +€19 | +9.1% |
| Recurring financial charges | 65 | €208 | €227 | +€19 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,089 | -€14,111 | +€2,978 | +17.4% |
| Income taxes | 67/77 | €293 | -€59 | -€352 | |
| Profit (loss) for the period | 9904 | -€17,382 | -€14,053 | +€3,330 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,382 | -€14,053 | +€3,330 | +19.2% |
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 26 October 2026 via checked.be.