C& 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.
C& W CONSULT
Largest movements
- Current investments +€27,145
up €27,145 (+35.7%), from €76,052 to €103,196
- Cash -€10,479
down €10,479 (-15.3%), from €68,634 to €58,155
mainly Investment in fixed assets (net) (-€27,643) and Current investments (-€27,145)
- Reserves +€26,240
up €26,240 (+13.0%), from €202,177 to €228,417
- Tax, wage and social debts -€4,195
down €4,195 (-32.9%), from €12,736 to €8,542
- Trade debts -€3,806
down €3,806 (-31.6%), from €12,055 to €8,249
- Gross operating margin -€37,311
down €37,311 (-38.3%), from €97,448 to €60,137
- Taxes -€14,786
down €14,786 (-71.3%), from €20,723 to €5,938
- Depreciation +€4,956
up €4,956 (+20.7%), from €23,906 to €28,861
- Financial income -€2,350
down €2,350 (-51.1%), from €4,596 to €2,246
- Financial charges -€1,228
down €1,228 (-61.6%), from €1,995 to €767
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 | €231,969 | €250,208 | +€18,239 | +7.9% |
| Fixed assets | 21/28 | €84,296 | €83,077 | -€1,218 | -1.4% |
| Tangible fixed assets | 22/27 | €84,296 | €83,077 | -€1,218 | -1.4% |
| Furniture and vehicles | 24 | €84,296 | €83,077 | -€1,218 | -1.4% |
| Current assets | 29/58 | €147,673 | €167,131 | +€19,458 | +13.2% |
| Amounts receivable within one year | 40/41 | €39 | €2,514 | +€2,475 | +6,349% |
| Other amounts receivable | 41 | €39 | €2,514 | +€2,475 | +6,349% |
| Current investments | 50/53 | €76,052 | €103,196 | +€27,145 | +35.7% |
| Cash at bank and in hand | 54/58 | €68,634 | €58,155 | -€10,479 | -15.3% |
| Deferred charges and accrued income | 490/1 | €2,949 | €3,266 | +€317 | +10.7% |
| Total equity and liabilities | 10/49 | €231,969 | €250,208 | +€18,239 | +7.9% |
| Equity | 10/15 | €207,177 | €233,417 | +€26,240 | +12.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €202,177 | €228,417 | +€26,240 | +13.0% |
| Distributable reserves | 133 | €202,177 | €228,417 | +€26,240 | +13.0% |
| Amounts payable | 17/49 | €24,792 | €16,791 | -€8,001 | -32.3% |
| Amounts payable within one year | 42/48 | €24,792 | €16,791 | -€8,001 | -32.3% |
| Trade debts | 44 | €12,055 | €8,249 | -€3,806 | -31.6% |
| Suppliers | 440/4 | €12,055 | €8,249 | -€3,806 | -31.6% |
| Taxes, remuneration and social security | 45 | €12,736 | €8,542 | -€4,195 | -32.9% |
| Taxes | 450/3 | €12,736 | €8,542 | -€4,195 | -32.9% |
| Non-recurring operating income | 76A | - | €14,357 | +€14,357 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,906 | €28,861 | +€4,956 | +20.7% |
| Other operating charges | 640/8 | €745 | €577 | -€168 | -22.6% |
| Gross operating margin | 9900 | €97,448 | €60,137 | -€37,311 | -38.3% |
| Operating profit (loss) | 9901 | €72,797 | €30,698 | -€42,099 | -57.8% |
| Financial income | 75/76B | €4,596 | €2,246 | -€2,350 | -51.1% |
| Recurring financial income | 75 | €4,596 | €2,246 | -€2,350 | -51.1% |
| Financial charges | 65/66B | €1,995 | €767 | -€1,228 | -61.6% |
| Recurring financial charges | 65 | €1,995 | €767 | -€1,228 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €75,398 | €32,178 | -€43,220 | -57.3% |
| Income taxes | 67/77 | €20,723 | €5,938 | -€14,786 | -71.3% |
| Profit (loss) for the period | 9904 | €54,675 | €26,240 | -€28,435 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,675 | €26,240 | -€28,435 | -52.0% |
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 22 October 2026 via checked.be.