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
- Receivables within one year -€57,469
down €57,469 (-88.4%), from €65,021 to €7,552
of which Trade receivables: -€55,171
- Current investments +€40,000
up €40,000 (+160%), from €25,000 to €65,000
- Stocks and contracts +€23,498
new in 2025: €23,498
- Tangible fixed assets -€12,587
down €12,587 (-26.9%), from €46,806 to €34,219
of which Furniture and vehicles: -€12,814
- Cash -€6,877
down €6,877 (-72.8%), from €9,450 to €2,573
mainly Current investments (-€40,000) and Stocks and contracts (-€23,498)
- Debts after one year -€13,485
down €13,485 (-100%), from €13,485 to €0
- Reserves +€7,957
up €7,957 (+52.1%), from €15,282 to €23,240
- Trade debts -€6,412
down €6,412 (-15.1%), from €42,554 to €36,142
- Current portion of long-term debt -€6,089
down €6,089 (-31.1%), from €19,574 to €13,485
- Tax, wage and social debts +€4,297
up €4,297 (+79.8%), from €5,382 to €9,679
- Gross operating margin -€12,635
down €12,635 (-31.9%), from €39,549 to €26,914
- Depreciation -€6,480
down €6,480 (-32.7%), from €19,839 to €13,358
- Financial income -€4,761
down €4,761 (-86.0%), from €5,535 to €774
- Financial charges -€2,217
down €2,217 (-66.5%), from €3,332 to €1,115
- Taxes -€1,707
down €1,707 (-27.4%), from €6,236 to €4,529
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 | €146,276 | €133,785 | -€12,491 | -8.5% |
| Fixed assets | 21/28 | €46,806 | €34,219 | -€12,587 | -26.9% |
| Tangible fixed assets | 22/27 | €46,806 | €34,219 | -€12,587 | -26.9% |
| Plant, machinery and equipment | 23 | €677 | €905 | +€227 | +33.6% |
| Furniture and vehicles | 24 | €46,129 | €33,314 | -€12,814 | -27.8% |
| Current assets | 29/58 | €99,471 | €99,566 | +€96 | +0.1% |
| Stocks and contracts in progress | 3 | - | €23,498 | +€23,498 | |
| Stocks | 30/36 | - | €23,498 | +€23,498 | |
| Amounts receivable within one year | 40/41 | €65,021 | €7,552 | -€57,469 | -88.4% |
| Trade receivables | 40 | €55,796 | €626 | -€55,171 | -98.9% |
| Other amounts receivable | 41 | €9,224 | €6,926 | -€2,298 | -24.9% |
| Current investments | 50/53 | €25,000 | €65,000 | +€40,000 | +160% |
| Cash at bank and in hand | 54/58 | €9,450 | €2,573 | -€6,877 | -72.8% |
| Deferred charges and accrued income | 490/1 | - | €944 | +€944 | |
| Total equity and liabilities | 10/49 | €146,276 | €133,785 | -€12,491 | -8.5% |
| Equity | 10/15 | €65,282 | €73,240 | +€7,957 | +12.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €15,282 | €23,240 | +€7,957 | +52.1% |
| Distributable reserves | 133 | €15,282 | €23,240 | +€7,957 | +52.1% |
| Amounts payable | 17/49 | €80,994 | €60,546 | -€20,448 | -25.2% |
| Amounts payable after more than one year | 17 | €13,485 | €0 | -€13,485 | -100% |
| Financial debts | 170/4 | €13,485 | €0 | -€13,485 | -100% |
| Amounts payable within one year | 42/48 | €67,509 | €60,546 | -€6,964 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €19,574 | €13,485 | -€6,089 | -31.1% |
| Financial debts | 43 | - | €1,139 | +€1,139 | |
| Credit institutions | 430/8 | - | €1,139 | +€1,139 | |
| Trade debts | 44 | €42,554 | €36,142 | -€6,412 | -15.1% |
| Suppliers | 440/4 | €42,554 | €36,142 | -€6,412 | -15.1% |
| Taxes, remuneration and social security | 45 | €5,382 | €9,679 | +€4,297 | +79.8% |
| Taxes | 450/3 | €5,382 | €9,679 | +€4,297 | +79.8% |
| Other amounts payable | 47/48 | - | €101 | +€101 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,839 | €13,358 | -€6,480 | -32.7% |
| Other operating charges | 640/8 | €395 | €728 | +€333 | +84.4% |
| Gross operating margin | 9900 | €39,549 | €26,914 | -€12,635 | -31.9% |
| Operating profit (loss) | 9901 | €19,315 | €12,827 | -€6,488 | -33.6% |
| Financial income | 75/76B | €5,535 | €774 | -€4,761 | -86.0% |
| Recurring financial income | 75 | €5,535 | €774 | -€4,761 | -86.0% |
| Financial charges | 65/66B | €3,332 | €1,115 | -€2,217 | -66.5% |
| Recurring financial charges | 65 | €3,332 | €1,115 | -€2,217 | -66.5% |
| Profit (loss) for the period before taxes | 9903 | €21,518 | €12,486 | -€9,031 | -42.0% |
| Income taxes | 67/77 | €6,236 | €4,529 | -€1,707 | -27.4% |
| Profit (loss) for the period | 9904 | €15,282 | €7,957 | -€7,325 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,282 | €7,957 | -€7,325 | -47.9% |
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 18 October 2026 via checked.be.