CW CONSULTING: 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.
CW CONSULTING
Largest movements
- Current investments -€181,896
down €181,896 (-12.1%), from €1.5m to €1.3m
- Cash +€90,518
up €90,518 (+48.4%), from €187,168 to €277,686
mainly Current investments (+€181,896) and Net result for the year (+€142,051)
- Receivables within one year -€72,108
down €72,108 (-48.7%), from €147,993 to €75,884
of which Other amounts receivable: -€51,360
- Tangible fixed assets -€35,332
down €35,332 (-42.3%), from €83,625 to €48,293
- Reserves -€153,152
down €153,152 (-11.2%), from €1.4m to €1.2m
of which Distributable reserves: -€153,152
- Tax, wage and social debts -€36,845
down €36,845 (-57.8%), from €63,697 to €26,852
of which Taxes: -€28,683
- Gross operating margin -€263,796
down €263,796 (-53.6%), from €492,073 to €228,277
- Staff costs -€150,266
down €150,266 (-98.7%), from €152,301 to €2,036
- Taxes -€37,015
down €37,015 (-35.5%), from €104,230 to €67,215
- Financial income -€5,897
down €5,897 (-34.3%), from €17,199 to €11,302
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 | €1,923,138 | €1,725,536 | -€197,602 | -10.3% |
| Fixed assets | 21/28 | €83,625 | €48,293 | -€35,332 | -42.3% |
| Tangible fixed assets | 22/27 | €83,625 | €48,293 | -€35,332 | -42.3% |
| Furniture and vehicles | 24 | €83,625 | €48,293 | -€35,332 | -42.3% |
| Current assets | 29/58 | €1,839,513 | €1,677,243 | -€162,270 | -8.8% |
| Amounts receivable within one year | 40/41 | €147,993 | €75,884 | -€72,108 | -48.7% |
| Trade receivables | 40 | €82,081 | €61,333 | -€20,748 | -25.3% |
| Other amounts receivable | 41 | €65,912 | €14,552 | -€51,360 | -77.9% |
| Current investments | 50/53 | €1,500,022 | €1,318,126 | -€181,896 | -12.1% |
| Cash at bank and in hand | 54/58 | €187,168 | €277,686 | +€90,518 | +48.4% |
| Deferred charges and accrued income | 490/1 | €4,330 | €5,547 | +€1,217 | +28.1% |
| Total equity and liabilities | 10/49 | €1,923,138 | €1,725,536 | -€197,602 | -10.3% |
| Equity | 10/15 | €1,482,958 | €1,329,806 | -€153,152 | -10.3% |
| Contributions | 10/11 | €118,750 | €118,750 | = | 0.0% |
| Reserves | 13 | €1,364,208 | €1,211,056 | -€153,152 | -11.2% |
| Tax-exempt reserves | 132 | €3,497 | €3,497 | = | 0.0% |
| Distributable reserves | 133 | €1,360,711 | €1,207,559 | -€153,152 | -11.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €440,180 | €395,730 | -€44,449 | -10.1% |
| Amounts payable within one year | 42/48 | €392,052 | €340,554 | -€51,498 | -13.1% |
| Trade debts | 44 | €19,129 | €20,577 | +€1,447 | +7.6% |
| Suppliers | 440/4 | €19,129 | €20,577 | +€1,447 | +7.6% |
| Taxes, remuneration and social security | 45 | €63,697 | €26,852 | -€36,845 | -57.8% |
| Taxes | 450/3 | €55,536 | €26,852 | -€28,683 | -51.6% |
| Remuneration and social security | 454/9 | €8,162 | €0 | -€8,162 | -100% |
| Other amounts payable | 47/48 | €309,225 | €293,125 | -€16,101 | -5.2% |
| Accrued charges and deferred income | 492/3 | €48,128 | €55,177 | +€7,049 | +14.6% |
| Non-recurring operating income | 76A | €36,000 | €2,536 | -€33,464 | -93.0% |
| Remuneration, social security and pensions | 62 | €152,301 | €2,036 | -€150,266 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,387 | €26,868 | -€1,519 | -5.4% |
| Other operating charges | 640/8 | €3,939 | €1,086 | -€2,852 | -72.4% |
| Gross operating margin | 9900 | €492,073 | €228,277 | -€263,796 | -53.6% |
| Operating profit (loss) | 9901 | €307,446 | €198,287 | -€109,159 | -35.5% |
| Financial income | 75/76B | €17,199 | €11,302 | -€5,897 | -34.3% |
| Recurring financial income | 75 | €17,199 | €11,302 | -€5,897 | -34.3% |
| Financial charges | 65/66B | €924 | €323 | -€601 | -65.1% |
| Recurring financial charges | 65 | €924 | €323 | -€601 | -65.1% |
| Profit (loss) for the period before taxes | 9903 | €323,720 | €209,266 | -€114,455 | -35.4% |
| Income taxes | 67/77 | €104,230 | €67,215 | -€37,015 | -35.5% |
| Profit (loss) for the period | 9904 | €219,491 | €142,051 | -€77,440 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €219,491 | €142,051 | -€77,440 | -35.3% |
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 15 October 2026 via checked.be.