CWM Consultancy: 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.
CWM Consultancy
Largest movements
- Cash +€19,925
up €19,925 (+5.7%), from €351,327 to €371,252
mainly Net result for the year (+€64,948) and Tax, wage and social debts (+€12,199)
- Tax, wage and social debts +€12,199
up €12,199 (+205.0%), from €5,950 to €18,149
- Reserves +€6,354
up €6,354 (+1.8%), from €353,529 to €359,883
- Gross operating margin -€5,276
down €5,276 (-5.1%), from €102,615 to €97,339
- Taxes -€1,317
down €1,317 (-4.0%), from €33,192 to €31,875
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 | €370,445 | €387,997 | +€17,552 | +4.7% |
| Fixed assets | 21/28 | €1,078 | €565 | -€513 | -47.6% |
| Tangible fixed assets | 22/27 | €1,078 | €565 | -€513 | -47.6% |
| Furniture and vehicles | 24 | €1,078 | €565 | -€513 | -47.6% |
| Current assets | 29/58 | €369,367 | €387,432 | +€18,064 | +4.9% |
| Amounts receivable within one year | 40/41 | €14,941 | €13,241 | -€1,700 | -11.4% |
| Trade receivables | 40 | €14,941 | €13,241 | -€1,700 | -11.4% |
| Cash at bank and in hand | 54/58 | €351,327 | €371,252 | +€19,925 | +5.7% |
| Deferred charges and accrued income | 490/1 | €3,100 | €2,938 | -€161 | -5.2% |
| Total equity and liabilities | 10/49 | €370,445 | €387,997 | +€17,552 | +4.7% |
| Equity | 10/15 | €359,729 | €366,083 | +€6,354 | +1.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €353,529 | €359,883 | +€6,354 | +1.8% |
| Distributable reserves | 133 | €353,529 | €359,883 | +€6,354 | +1.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,716 | €21,914 | +€11,198 | +104.5% |
| Amounts payable within one year | 42/48 | €10,716 | €21,914 | +€11,198 | +104.5% |
| Trade debts | 44 | €892 | €384 | -€508 | -57.0% |
| Suppliers | 440/4 | €892 | €384 | -€508 | -57.0% |
| Taxes, remuneration and social security | 45 | €5,950 | €18,149 | +€12,199 | +205.0% |
| Taxes | 450/3 | €5,950 | €18,149 | +€12,199 | +205.0% |
| Other amounts payable | 47/48 | €3,875 | €3,382 | -€493 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €545 | €513 | -€33 | -6.0% |
| Other operating charges | 640/8 | €511 | €528 | +€17 | +3.4% |
| Non-recurring operating charges | 66A | €391 | €0 | -€391 | -100.0% |
| Gross operating margin | 9900 | €102,615 | €97,339 | -€5,276 | -5.1% |
| Operating profit (loss) | 9901 | €101,167 | €96,298 | -€4,869 | -4.8% |
| Financial income | 75/76B | €346 | €758 | +€412 | +119.3% |
| Recurring financial income | 75 | €346 | €758 | +€412 | +119.3% |
| Financial charges | 65/66B | €198 | €233 | +€34 | +17.2% |
| Recurring financial charges | 65 | €198 | €233 | +€34 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | €101,314 | €96,824 | -€4,491 | -4.4% |
| Income taxes | 67/77 | €33,192 | €31,875 | -€1,317 | -4.0% |
| Profit (loss) for the period | 9904 | €68,122 | €64,948 | -€3,174 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,122 | €64,948 | -€3,174 | -4.7% |
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 11 October 2026 via checked.be.