CWPM-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.
CWPM-CONSULTANCY
Largest movements
- Receivables after one year -€69,500
down €69,500 (-80.3%), from €86,500 to €17,000
- Receivables within one year +€52,624
up €52,624 (+31.4%), from €167,792 to €220,415
of which Other amounts receivable: +€51,416
- Stocks and contracts +€28,679
up €28,679 (+27.3%), from €104,968 to €133,647
- Reserves -€22,901
down €22,901 (-6.6%), from €347,273 to €324,372
- Trade debts +€15,777
up €15,777 (+96.8%), from €16,291 to €32,068
- Tax, wage and social debts +€13,229
up €13,229 (+163%), from €8,099 to €21,328
of which Taxes: +€14,925
- Gross operating margin -€6,546
down €6,546 (-7.3%), from €89,749 to €83,203
- Financial income +€4,130
up €4,130 (+74.4%), from €5,550 to €9,681
- Other operating charges -€2,209
down €2,209 (-52.5%), from €4,211 to €2,001
- Depreciation -€1,406
down €1,406 (-20.2%), from €6,948 to €5,543
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 | €399,921 | €406,205 | +€6,284 | +1.6% |
| Fixed assets | 21/28 | €37,111 | €33,063 | -€4,048 | -10.9% |
| Tangible fixed assets | 22/27 | €37,111 | €33,063 | -€4,048 | -10.9% |
| Plant, machinery and equipment | 23 | €2,201 | €1,448 | -€753 | -34.2% |
| Furniture and vehicles | 24 | €1,905 | €685 | -€1,221 | -64.1% |
| Other tangible fixed assets | 26 | €33,004 | €30,931 | -€2,073 | -6.3% |
| Current assets | 29/58 | €362,811 | €373,142 | +€10,332 | +2.8% |
| Amounts receivable after more than one year | 29 | €86,500 | €17,000 | -€69,500 | -80.3% |
| Other amounts receivable | 291 | €86,500 | €17,000 | -€69,500 | -80.3% |
| Stocks and contracts in progress | 3 | €104,968 | €133,647 | +€28,679 | +27.3% |
| Stocks | 30/36 | €104,968 | €133,647 | +€28,679 | +27.3% |
| Amounts receivable within one year | 40/41 | €167,792 | €220,415 | +€52,624 | +31.4% |
| Trade receivables | 40 | €15,795 | €17,003 | +€1,208 | +7.6% |
| Other amounts receivable | 41 | €151,997 | €203,412 | +€51,416 | +33.8% |
| Cash at bank and in hand | 54/58 | €4 | €4 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €3,547 | €2,076 | -€1,471 | -41.5% |
| Total equity and liabilities | 10/49 | €399,921 | €406,205 | +€6,284 | +1.6% |
| Equity | 10/15 | €353,473 | €330,572 | -€22,901 | -6.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €347,273 | €324,372 | -€22,901 | -6.6% |
| Distributable reserves | 133 | €347,273 | €324,372 | -€22,901 | -6.6% |
| Amounts payable | 17/49 | €46,448 | €75,633 | +€29,185 | +62.8% |
| Amounts payable within one year | 42/48 | €40,448 | €71,633 | +€31,185 | +77.1% |
| Financial debts | 43 | €12,447 | €10,675 | -€1,773 | -14.2% |
| Credit institutions | 430/8 | €12,447 | €10,675 | -€1,773 | -14.2% |
| Trade debts | 44 | €16,291 | €32,068 | +€15,777 | +96.8% |
| Suppliers | 440/4 | €16,291 | €32,068 | +€15,777 | +96.8% |
| Taxes, remuneration and social security | 45 | €8,099 | €21,328 | +€13,229 | +163% |
| Taxes | 450/3 | €4,674 | €19,600 | +€14,925 | +319% |
| Remuneration and social security | 454/9 | €3,424 | €1,728 | -€1,696 | -49.5% |
| Other amounts payable | 47/48 | €3,611 | €7,562 | +€3,951 | +109% |
| Accrued charges and deferred income | 492/3 | €6,000 | €4,000 | -€2,000 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,948 | €5,543 | -€1,406 | -20.2% |
| Other operating charges | 640/8 | €4,211 | €2,001 | -€2,209 | -52.5% |
| Non-recurring operating charges | 66A | - | €612 | +€612 | |
| Gross operating margin | 9900 | €89,749 | €83,203 | -€6,546 | -7.3% |
| Operating profit (loss) | 9901 | €78,590 | €75,047 | -€3,543 | -4.5% |
| Financial income | 75/76B | €5,550 | €9,681 | +€4,130 | +74.4% |
| Recurring financial income | 75 | €5,550 | €9,681 | +€4,130 | +74.4% |
| Financial charges | 65/66B | €4,021 | €4,795 | +€774 | +19.2% |
| Recurring financial charges | 65 | €3,819 | €4,795 | +€976 | +25.6% |
| Non-recurring financial charges | 66B | €202 | - | -€202 | |
| Profit (loss) for the period before taxes | 9903 | €80,119 | €79,933 | -€186 | -0.2% |
| Income taxes | 67/77 | €23,470 | €23,812 | +€342 | +1.5% |
| Profit (loss) for the period | 9904 | €56,649 | €56,121 | -€529 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,649 | €56,121 | -€529 | -0.9% |
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 23 October 2026 via checked.be.