BW SOLUTIONS: what changed
Two fiscal 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.
What changed
BW SOLUTIONS
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€107,989
2024 · €87,938+€20,051
Equity
€1.3m
2024 · €1.5m-€186,611
Cash
€46,924
2024 · €44,411+€2,513
Balance sheet total
€2.2m
2024 · €2.1m+€41,869
Largest movements
Assets
- Receivables within one year +€185,781
up €185,781 (+89.2%), from €208,342 to €394,123
- Tangible fixed assets -€100,175
down €100,175 (-7.4%), from €1.4m to €1.3m
of which Plant, machinery and equipment: -€55,321
- Receivables after one year -€69,077
down €69,077 (-37.0%), from €186,600 to €117,523
Equity and liabilities
- Contributions -€166,440
down €166,440 (-89.1%), from €186,900 to €20,460
- Other debts +€126,300
new in 2025: €126,300
- Debts after one year +€98,286
up €98,286 (+19.6%), from €501,081 to €599,367
Income statement
- Gross operating margin +€53,312
up €53,312 (+24.8%), from €214,954 to €268,266
- Financial income -€20,283
down €20,283 (-56.7%), from €35,754 to €15,471
- Taxes +€9,356
up €9,356 (+22.7%), from €41,153 to €50,510
- Depreciation +€8,247
up €8,247 (+8.3%), from €99,652 to €107,900
- Other operating charges -€2,878
down €2,878 (-35.1%), from €8,209 to €5,331
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.
Result 2024
€87,938
Gross operating margin
+€53,312
Depreciation
-€8,247
Other operating charges
+€2,878
Financial income
-€20,283
Financial charges
+€1,747
Taxes
-€9,356
Result 2025
€107,989
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.
From operations
+€218,509
Investment
-€19,282
Financing
-€196,715
Cash 2024
€44,411
From operations (derived)
+€218,509
Net result for the year
+€107,989
Depreciation
+€107,900
Receivables after one year
+€69,077
Receivables within one year
-€185,781
Deferred charges and accrued income
-€11,269
Provisions
-€1,885
Trade debts
+€3,302
Tax, wage and social debts
+€2,635
Other debts
+€126,300
Accrued charges and deferred income
+€243
Investment (derived)
-€19,282
Investment in fixed assets (net)
-€17,725
Current investments
-€1,557
Financing
-€196,715
Debts after one year
+€98,286
Current portion of long-term debt
-€400
Contributions, distributions and other
-€294,600
Cash 2025
€46,924
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,140,719 | €2,182,587 | +€41,869 | +2.0% |
| Fixed assets | 21/28 | €1,364,158 | €1,273,983 | -€90,175 | -6.6% |
| Tangible fixed assets | 22/27 | €1,360,537 | €1,260,362 | -€100,175 | -7.4% |
| Land and buildings | 22 | €825,631 | €792,511 | -€33,120 | -4.0% |
| Plant, machinery and equipment | 23 | €495,779 | €440,458 | -€55,321 | -11.2% |
| Furniture and vehicles | 24 | €39,127 | €27,394 | -€11,734 | -30.0% |
| Financial fixed assets | 28 | €3,621 | €13,621 | +€10,000 | +276.2% |
| Current assets | 29/58 | €776,561 | €908,605 | +€132,044 | +17.0% |
| Amounts receivable after more than one year | 29 | €186,600 | €117,523 | -€69,077 | -37.0% |
| Trade receivables | 290 | €186,600 | €117,523 | -€69,077 | -37.0% |
| Amounts receivable within one year | 40/41 | €208,342 | €394,123 | +€185,781 | +89.2% |
| Other amounts receivable | 41 | €208,342 | €394,123 | +€185,781 | +89.2% |
| Current investments | 50/53 | €333,577 | €335,135 | +€1,557 | +0.5% |
| Cash at bank and in hand | 54/58 | €44,411 | €46,924 | +€2,513 | +5.7% |
| Deferred charges and accrued income | 490/1 | €3,631 | €14,900 | +€11,269 | +310.4% |
| Total equity and liabilities | 10/49 | €2,140,719 | €2,182,587 | +€41,869 | +2.0% |
| Equity | 10/15 | €1,469,483 | €1,282,872 | -€186,611 | -12.7% |
| Contributions | 10/11 | €186,900 | €20,460 | -€166,440 | -89.1% |
| Reserves | 13 | €515,381 | €495,209 | -€20,171 | -3.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €149,531 | €143,874 | -€5,656 | -3.8% |
| Distributable reserves | 133 | €363,990 | €351,335 | -€12,655 | -3.5% |
| Profit (loss) carried forward | 14 | €767,202 | €767,202 | = | 0.0% |
| Provisions and deferred taxes | 16 | €49,844 | €47,958 | -€1,885 | -3.8% |
| Deferred taxes | 168 | €49,844 | €47,958 | -€1,885 | -3.8% |
| Amounts payable | 17/49 | €621,392 | €851,758 | +€230,366 | +37.1% |
| Amounts payable after more than one year | 17 | €501,081 | €599,367 | +€98,286 | +19.6% |
| Financial debts | 170/4 | €501,081 | €599,367 | +€98,286 | +19.6% |
| Amounts payable within one year | 42/48 | €120,311 | €252,147 | +€131,837 | +109.6% |
| Current portion of amounts payable after more than one year | 42 | €71,671 | €71,271 | -€400 | -0.6% |
| Trade debts | 44 | €6,877 | €10,179 | +€3,302 | +48.0% |
| Suppliers | 440/4 | €6,877 | €10,179 | +€3,302 | +48.0% |
| Taxes, remuneration and social security | 45 | €41,763 | €44,398 | +€2,635 | +6.3% |
| Taxes | 450/3 | €41,763 | €44,398 | +€2,635 | +6.3% |
| Other amounts payable | 47/48 | - | €126,300 | +€126,300 | |
| Accrued charges and deferred income | 492/3 | - | €243 | +€243 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,652 | €107,900 | +€8,247 | +8.3% |
| Other operating charges | 640/8 | €8,209 | €5,331 | -€2,878 | -35.1% |
| Gross operating margin | 9900 | €214,954 | €268,266 | +€53,312 | +24.8% |
| Operating profit (loss) | 9901 | €107,092 | €155,035 | +€47,943 | +44.8% |
| Financial income | 75/76B | €35,754 | €15,471 | -€20,283 | -56.7% |
| Recurring financial income | 75 | €35,754 | €15,471 | -€20,283 | -56.7% |
| Financial charges | 65/66B | €15,641 | €13,894 | -€1,747 | -11.2% |
| Recurring financial charges | 65 | €15,669 | €13,894 | -€1,775 | -11.3% |
| Non-recurring financial charges | 66B | -€28 | - | +€28 | |
| Profit (loss) for the period before taxes | 9903 | €127,206 | €156,613 | +€29,407 | +23.1% |
| Transfer from deferred taxes | 780 | €1,885 | €1,885 | = | 0.0% |
| Income taxes | 67/77 | €41,153 | €50,510 | +€9,356 | +22.7% |
| Profit (loss) for the period | 9904 | €87,938 | €107,989 | +€20,051 | +22.8% |
| Transfer from tax-exempt reserves | 789 | €5,656 | €5,656 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €93,594 | €113,645 | +€20,051 | +21.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.