CW PARTNERS: 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 PARTNERS
Largest movements
- Cash +€15,528
up €15,528 (+119%), from €12,995 to €28,523
mainly Net result for the year (+€14,677) and Receivables within one year (+€14,230)
- Receivables within one year -€14,230
down €14,230 (-71.6%), from €19,867 to €5,637
of which Trade receivables: -€12,672
- Current investments +€6,500
new in 2025: €6,500
- Financial fixed assets +€1,500
new in 2025: €1,500
- Tangible fixed assets -€436
down €436 (-42.1%), from €1,035 to €599
of which Furniture and vehicles: -€279
- Reserves +€14,677
up €14,677 (+220%), from €6,670 to €21,347
- Trade debts -€5,615
down €5,615 (-72.0%), from €7,803 to €2,188
- Gross operating margin +€11,710
up €11,710 (+110%), from €10,625 to €22,335
- Taxes +€3,088
up €3,088 (+87.7%), from €3,521 to €6,609
- Other operating charges -€227
down €227 (-36.3%), from €626 to €399
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 | €33,897 | €42,759 | +€8,862 | +26.1% |
| Fixed assets | 21/28 | €1,035 | €2,099 | +€1,064 | +103% |
| Tangible fixed assets | 22/27 | €1,035 | €599 | -€436 | -42.1% |
| Plant, machinery and equipment | 23 | €157 | - | -€157 | |
| Furniture and vehicles | 24 | €878 | €599 | -€279 | -31.8% |
| Financial fixed assets | 28 | - | €1,500 | +€1,500 | |
| Current assets | 29/58 | €32,862 | €40,660 | +€7,798 | +23.7% |
| Amounts receivable within one year | 40/41 | €19,867 | €5,637 | -€14,230 | -71.6% |
| Trade receivables | 40 | €17,667 | €4,995 | -€12,672 | -71.7% |
| Other amounts receivable | 41 | €2,200 | €642 | -€1,558 | -70.8% |
| Current investments | 50/53 | - | €6,500 | +€6,500 | |
| Cash at bank and in hand | 54/58 | €12,995 | €28,523 | +€15,528 | +119% |
| Total equity and liabilities | 10/49 | €33,897 | €42,759 | +€8,862 | +26.1% |
| Equity | 10/15 | €12,870 | €27,547 | +€14,677 | +114% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,670 | €21,347 | +€14,677 | +220% |
| Distributable reserves | 133 | €6,670 | €21,347 | +€14,677 | +220% |
| Amounts payable | 17/49 | €21,027 | €15,212 | -€5,815 | -27.7% |
| Amounts payable within one year | 42/48 | €20,788 | €15,212 | -€5,576 | -26.8% |
| Trade debts | 44 | €7,803 | €2,188 | -€5,615 | -72.0% |
| Suppliers | 440/4 | €7,803 | €2,188 | -€5,615 | -72.0% |
| Taxes, remuneration and social security | 45 | €12,985 | €13,024 | +€39 | +0.3% |
| Taxes | 450/3 | €10,833 | €11,024 | +€191 | +1.8% |
| Remuneration and social security | 454/9 | €2,152 | €2,000 | -€152 | -7.1% |
| Accrued charges and deferred income | 492/3 | €239 | - | -€239 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €643 | €436 | -€207 | -32.2% |
| Other operating charges | 640/8 | €626 | €399 | -€227 | -36.3% |
| Gross operating margin | 9900 | €10,625 | €22,335 | +€11,710 | +110% |
| Operating profit (loss) | 9901 | €9,356 | €21,500 | +€12,144 | +130% |
| Financial charges | 65/66B | €229 | €214 | -€15 | -6.6% |
| Recurring financial charges | 65 | €229 | €214 | -€15 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €9,127 | €21,286 | +€12,159 | +133% |
| Income taxes | 67/77 | €3,521 | €6,609 | +€3,088 | +87.7% |
| Profit (loss) for the period | 9904 | €5,606 | €14,677 | +€9,071 | +162% |
| Profit (loss) for the period to be appropriated | 9905 | €5,606 | €14,677 | +€9,071 | +162% |
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 17 October 2026 via checked.be.