CWINVEST: 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.
CWINVEST
Largest movements
- Tangible fixed assets -€21,597
down €21,597 (-27.3%), from €79,005 to €57,408
- Cash -€2,224
down €2,224 (-96.5%), from €2,305 to €82
mainly Debts after one year (-€23,333) and Net result for the year (-€17,572)
- Debts after one year -€23,333
down €23,333 (-75.0%), from €31,110 to €7,777
- Profit (loss) carried forward -€17,572
down €17,572 (-3.3%), from -€536,041 to -€553,613
- Other debts +€17,165
up €17,165 (+19.3%), from €88,853 to €106,018
- Financial charges -€548
down €548 (-39.4%), from €1,392 to €844
- Gross operating margin -€300
down €300 (-3.9%), from €7,722 to €7,421
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 | €81,310 | €57,489 | -€23,821 | -29.3% |
| Fixed assets | 21/28 | €79,005 | €57,408 | -€21,597 | -27.3% |
| Tangible fixed assets | 22/27 | €79,005 | €57,408 | -€21,597 | -27.3% |
| Land and buildings | 22 | €79,005 | €57,408 | -€21,597 | -27.3% |
| Current assets | 29/58 | €2,305 | €82 | -€2,224 | -96.5% |
| Cash at bank and in hand | 54/58 | €2,305 | €82 | -€2,224 | -96.5% |
| Total equity and liabilities | 10/49 | €81,310 | €57,489 | -€23,821 | -29.3% |
| Equity | 10/15 | -€64,022 | -€81,594 | -€17,572 | -27.4% |
| Contributions | 10/11 | €425,000 | €425,000 | = | 0.0% |
| Reserves | 13 | €47,019 | €47,019 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,019 | €37,019 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€536,041 | -€553,613 | -€17,572 | -3.3% |
| Amounts payable | 17/49 | €145,332 | €139,083 | -€6,249 | -4.3% |
| Amounts payable after more than one year | 17 | €31,110 | €7,777 | -€23,333 | -75.0% |
| Financial debts | 170/4 | €31,110 | €7,777 | -€23,333 | -75.0% |
| Amounts payable within one year | 42/48 | €114,222 | €131,306 | +€17,084 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €23,333 | €23,333 | = | 0.0% |
| Trade debts | 44 | €2,036 | €1,955 | -€81 | -4.0% |
| Suppliers | 440/4 | €2,036 | €1,955 | -€81 | -4.0% |
| Other amounts payable | 47/48 | €88,853 | €106,018 | +€17,165 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,597 | €21,597 | = | 0.0% |
| Other operating charges | 640/8 | €2,484 | €2,552 | +€68 | +2.7% |
| Gross operating margin | 9900 | €7,722 | €7,421 | -€300 | -3.9% |
| Operating profit (loss) | 9901 | -€16,360 | -€16,728 | -€368 | -2.3% |
| Financial charges | 65/66B | €1,392 | €844 | -€548 | -39.4% |
| Recurring financial charges | 65 | €1,392 | €844 | -€548 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,751 | -€17,572 | +€180 | +1.0% |
| Profit (loss) for the period | 9904 | -€17,751 | -€17,572 | +€180 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,751 | -€17,572 | +€180 | +1.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.