CWFS: 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.
CWFS
Largest movements
- Cash +€92,422
up €92,422 (+460%), from €20,101 to €112,523
mainly Net result for the year (+€80,722) and Debts after one year (+€26,939)
- Tangible fixed assets +€36,282
up €36,282 (+377%), from €9,626 to €45,908
- Current investments -€14,025
down €14,025 (-56.1%), from €25,000 to €10,975
- Receivables within one year +€11,366
up €11,366 (+61.8%), from €18,392 to €29,758
of which Trade receivables: +€11,128
- Profit (loss) carried forward +€79,056
up €79,056 (+236%), from €33,499 to €112,555
- Debts after one year +€26,939
new in 2025: €26,939
- Tax, wage and social debts +€26,560
up €26,560 (+144%), from €18,426 to €44,986
- Trade debts -€14,604
down €14,604 (-83.3%), from €17,528 to €2,924
- Current portion of long-term debt +€7,594
new in 2025: €7,594
- Gross operating margin +€68,794
up €68,794 (+155%), from €44,361 to €113,156
- Taxes +€13,725
up €13,725 (+150%), from €9,122 to €22,847
- Depreciation +€8,534
up €8,534 (+17,363%), from €49 to €8,583
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 | €73,119 | €199,164 | +€126,045 | +172% |
| Fixed assets | 21/28 | €9,626 | €45,908 | +€36,282 | +377% |
| Tangible fixed assets | 22/27 | €9,626 | €45,908 | +€36,282 | +377% |
| Furniture and vehicles | 24 | €9,626 | €45,908 | +€36,282 | +377% |
| Current assets | 29/58 | €63,493 | €153,256 | +€89,763 | +141% |
| Amounts receivable within one year | 40/41 | €18,392 | €29,758 | +€11,366 | +61.8% |
| Trade receivables | 40 | €18,392 | €29,520 | +€11,128 | +60.5% |
| Other amounts receivable | 41 | - | €238 | +€238 | |
| Current investments | 50/53 | €25,000 | €10,975 | -€14,025 | -56.1% |
| Cash at bank and in hand | 54/58 | €20,101 | €112,523 | +€92,422 | +460% |
| Total equity and liabilities | 10/49 | €73,119 | €199,164 | +€126,045 | +172% |
| Equity | 10/15 | €35,999 | €115,055 | +€79,056 | +220% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,499 | €112,555 | +€79,056 | +236% |
| Amounts payable | 17/49 | €37,120 | €84,109 | +€46,989 | +127% |
| Amounts payable after more than one year | 17 | - | €26,939 | +€26,939 | |
| Financial debts | 170/4 | - | €26,939 | +€26,939 | |
| Amounts payable within one year | 42/48 | €37,120 | €57,170 | +€20,050 | +54.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,594 | +€7,594 | |
| Trade debts | 44 | €17,528 | €2,924 | -€14,604 | -83.3% |
| Suppliers | 440/4 | €17,528 | €2,924 | -€14,604 | -83.3% |
| Taxes, remuneration and social security | 45 | €18,426 | €44,986 | +€26,560 | +144% |
| Taxes | 450/3 | €18,426 | €44,986 | +€26,560 | +144% |
| Other amounts payable | 47/48 | €1,166 | €1,666 | +€500 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49 | €8,583 | +€8,534 | +17,363% |
| Other operating charges | 640/8 | - | €335 | +€335 | |
| Gross operating margin | 9900 | €44,361 | €113,156 | +€68,794 | +155% |
| Operating profit (loss) | 9901 | €44,312 | €104,237 | +€59,925 | +135% |
| Financial income | 75/76B | €0 | €248 | +€248 | +2,477,400% |
| Recurring financial income | 75 | €0 | €248 | +€248 | +2,477,400% |
| Financial charges | 65/66B | €25 | €916 | +€891 | +3,594% |
| Recurring financial charges | 65 | €25 | €916 | +€891 | +3,594% |
| Profit (loss) for the period before taxes | 9903 | €44,287 | €103,569 | +€59,282 | +134% |
| Income taxes | 67/77 | €9,122 | €22,847 | +€13,725 | +150% |
| Profit (loss) for the period | 9904 | €35,165 | €80,722 | +€45,557 | +130% |
| Profit (loss) for the period to be appropriated | 9905 | €35,165 | €80,722 | +€45,557 | +130% |
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.