CdeW CONSULTING: 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.
CdeW CONSULTING
Largest movements
- Cash -€43,218
down €43,218 (-86.2%), from €50,164 to €6,946
mainly Contributions, distributions and other (-€165,000) and Tax, wage and social debts (-€25,154)
- Receivables within one year -€16,752
down €16,752 (-15.2%), from €110,565 to €93,813
- Tangible fixed assets -€8,244
down €8,244 (-39.8%), from €20,695 to €12,451
of which Furniture and vehicles: -€7,373
- Profit (loss) carried forward -€93,684
down €93,684 (-77.2%), from €121,308 to €27,624
- Other debts +€55,250
new in 2025: €55,250
- Tax, wage and social debts -€25,154
down €25,154 (-46.2%), from €54,423 to €29,269
- Current portion of long-term debt -€4,651
no longer reported in 2025 (was €4,651)
- Gross operating margin -€33,891
down €33,891 (-24.1%), from €140,344 to €106,453
- Taxes -€8,854
down €8,854 (-27.0%), from €32,750 to €23,897
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 | €182,866 | €114,591 | -€68,275 | -37.3% |
| Fixed assets | 21/28 | €21,195 | €12,951 | -€8,244 | -38.9% |
| Tangible fixed assets | 22/27 | €20,695 | €12,451 | -€8,244 | -39.8% |
| Plant, machinery and equipment | 23 | €3,043 | €2,593 | -€450 | -14.8% |
| Furniture and vehicles | 24 | €16,830 | €9,457 | -€7,373 | -43.8% |
| Other tangible fixed assets | 26 | €822 | €401 | -€421 | -51.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €161,671 | €101,640 | -€60,031 | -37.1% |
| Amounts receivable within one year | 40/41 | €110,565 | €93,813 | -€16,752 | -15.2% |
| Other amounts receivable | 41 | €110,565 | €93,813 | -€16,752 | -15.2% |
| Cash at bank and in hand | 54/58 | €50,164 | €6,946 | -€43,218 | -86.2% |
| Deferred charges and accrued income | 490/1 | €942 | €881 | -€61 | -6.5% |
| Total equity and liabilities | 10/49 | €182,866 | €114,591 | -€68,275 | -37.3% |
| Equity | 10/15 | €123,308 | €29,624 | -€93,684 | -76.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €121,308 | €27,624 | -€93,684 | -77.2% |
| Amounts payable | 17/49 | €59,558 | €84,967 | +€25,409 | +42.7% |
| Amounts payable within one year | 42/48 | €59,558 | €84,967 | +€25,409 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | €4,651 | - | -€4,651 | |
| Trade debts | 44 | €485 | €448 | -€36 | -7.4% |
| Suppliers | 440/4 | €485 | €448 | -€36 | -7.4% |
| Taxes, remuneration and social security | 45 | €54,423 | €29,269 | -€25,154 | -46.2% |
| Taxes | 450/3 | €54,423 | €29,269 | -€25,154 | -46.2% |
| Other amounts payable | 47/48 | - | €55,250 | +€55,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,095 | €9,343 | +€249 | +2.7% |
| Other operating charges | 640/8 | €572 | €913 | +€341 | +59.7% |
| Gross operating margin | 9900 | €140,344 | €106,453 | -€33,891 | -24.1% |
| Operating profit (loss) | 9901 | €130,678 | €96,198 | -€34,481 | -26.4% |
| Financial income | 75/76B | €47 | €259 | +€212 | +456.9% |
| Recurring financial income | 75 | €47 | €259 | +€212 | +456.9% |
| Financial charges | 65/66B | €377 | €1,244 | +€868 | +230.3% |
| Recurring financial charges | 65 | €377 | €1,244 | +€868 | +230.3% |
| Profit (loss) for the period before taxes | 9903 | €130,348 | €95,212 | -€35,136 | -27.0% |
| Income taxes | 67/77 | €32,750 | €23,897 | -€8,854 | -27.0% |
| Profit (loss) for the period | 9904 | €97,598 | €71,316 | -€26,282 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €97,598 | €71,316 | -€26,282 | -26.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.