CW Solutions: 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.
CW Solutions
Largest movements
- Receivables within one year -€34,448
down €34,448 (-75.2%), from €45,796 to €11,348
of which Trade receivables: -€32,579
- Tangible fixed assets -€19,830
down €19,830 (-18.5%), from €107,415 to €87,584
of which Furniture and vehicles: -€20,769
- Cash +€7,409
up €7,409 (+58.3%), from €12,705 to €20,114
mainly Net result for the year (+€47,744) and Receivables within one year (+€34,448)
- Reserves -€37,211
no longer reported in 2025 (was €37,211)
- Debts after one year -€16,835
down €16,835 (-31.2%), from €54,000 to €37,165
- Other debts +€16,060
up €16,060 (+38.7%), from €41,541 to €57,602
- Tax, wage and social debts -€6,142
down €6,142 (-41.4%), from €14,820 to €8,678
- Trade debts -€2,374
down €2,374 (-36.4%), from €6,514 to €4,140
- Gross operating margin +€23,959
up €23,959 (+36.3%), from €66,069 to €90,028
- Depreciation +€11,106
up €11,106 (+85.0%), from €13,073 to €24,178
- Taxes +€1,935
up €1,935 (+15.7%), from €12,354 to €14,289
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 | €170,402 | €124,520 | -€45,882 | -26.9% |
| Fixed assets | 21/28 | €107,415 | €87,584 | -€19,830 | -18.5% |
| Tangible fixed assets | 22/27 | €107,415 | €87,584 | -€19,830 | -18.5% |
| Land and buildings | 22 | €12,741 | €10,827 | -€1,914 | -15.0% |
| Furniture and vehicles | 24 | €88,799 | €68,030 | -€20,769 | -23.4% |
| Other tangible fixed assets | 26 | €5,874 | €8,727 | +€2,853 | +48.6% |
| Current assets | 29/58 | €62,988 | €36,935 | -€26,052 | -41.4% |
| Amounts receivable within one year | 40/41 | €45,796 | €11,348 | -€34,448 | -75.2% |
| Trade receivables | 40 | €43,581 | €11,002 | -€32,579 | -74.8% |
| Other amounts receivable | 41 | €2,215 | €346 | -€1,869 | -84.4% |
| Cash at bank and in hand | 54/58 | €12,705 | €20,114 | +€7,409 | +58.3% |
| Deferred charges and accrued income | 490/1 | €4,487 | €5,473 | +€986 | +22.0% |
| Total equity and liabilities | 10/49 | €170,402 | €124,520 | -€45,882 | -26.9% |
| Equity | 10/15 | €37,311 | €100 | -€37,211 | -99.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €37,211 | - | -€37,211 | |
| Distributable reserves | 133 | €37,211 | - | -€37,211 | |
| Amounts payable | 17/49 | €133,091 | €124,420 | -€8,671 | -6.5% |
| Amounts payable after more than one year | 17 | €54,000 | €37,165 | -€16,835 | -31.2% |
| Financial debts | 170/4 | €54,000 | €37,165 | -€16,835 | -31.2% |
| Amounts payable within one year | 42/48 | €79,091 | €87,255 | +€8,164 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €16,216 | €16,835 | +€619 | +3.8% |
| Trade debts | 44 | €6,514 | €4,140 | -€2,374 | -36.4% |
| Suppliers | 440/4 | €6,514 | €4,140 | -€2,374 | -36.4% |
| Taxes, remuneration and social security | 45 | €14,820 | €8,678 | -€6,142 | -41.4% |
| Taxes | 450/3 | €14,820 | €8,678 | -€6,142 | -41.4% |
| Other amounts payable | 47/48 | €41,541 | €57,602 | +€16,060 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,073 | €24,178 | +€11,106 | +85.0% |
| Other operating charges | 640/8 | €672 | €1,274 | +€602 | +89.7% |
| Gross operating margin | 9900 | €66,069 | €90,028 | +€23,959 | +36.3% |
| Operating profit (loss) | 9901 | €52,324 | €64,575 | +€12,251 | +23.4% |
| Financial income | 75/76B | €170 | - | -€170 | |
| Recurring financial income | 75 | €170 | - | -€170 | |
| Financial charges | 65/66B | €2,930 | €2,542 | -€387 | -13.2% |
| Recurring financial charges | 65 | €2,930 | €2,542 | -€387 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €49,565 | €62,033 | +€12,468 | +25.2% |
| Income taxes | 67/77 | €12,354 | €14,289 | +€1,935 | +15.7% |
| Profit (loss) for the period | 9904 | €37,211 | €47,744 | +€10,533 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,211 | €47,744 | +€10,533 | +28.3% |
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 4 October 2026 via checked.be.