D & W CONSULT: 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.
D & W CONSULT
Largest movements
- Tangible fixed assets -€18,144
down €18,144 (-2.2%), from €807,301 to €789,157
of which Land and buildings: -€17,214
- Receivables within one year +€11,309
up €11,309 (+129%), from €8,784 to €20,093
of which Trade receivables: +€12,235
- Cash -€9,471
down €9,471 (-51.5%), from €18,403 to €8,932
mainly Other debts (-€40,481) and Receivables within one year (-€11,309)
- Other debts -€40,481
down €40,481 (-22.6%), from €178,926 to €138,445
- Trade debts +€11,463
up €11,463 (+164%), from €7,010 to €18,472
- Reserves +€11,392
up €11,392 (+2.5%), from €449,750 to €461,143
of which Distributable reserves: +€23,276
- Gross operating margin -€586,303
down €586,303 (-94.9%), from €617,573 to €31,270
- Financial charges -€17,915
down €17,915 (-99.3%), from €18,039 to €125
of which Financial charges: -€17,915
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 | €835,671 | €818,428 | -€17,243 | -2.1% |
| Fixed assets | 21/28 | €807,301 | €789,157 | -€18,144 | -2.2% |
| Tangible fixed assets | 22/27 | €807,301 | €789,157 | -€18,144 | -2.2% |
| Land and buildings | 22 | €804,621 | €787,408 | -€17,214 | -2.1% |
| Furniture and vehicles | 24 | €2,680 | €1,750 | -€930 | -34.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €28,370 | €29,271 | +€901 | +3.2% |
| Amounts receivable within one year | 40/41 | €8,784 | €20,093 | +€11,309 | +129% |
| Trade receivables | 40 | €7,858 | €20,093 | +€12,235 | +156% |
| Other amounts receivable | 41 | €926 | €0 | -€926 | -100% |
| Cash at bank and in hand | 54/58 | €18,403 | €8,932 | -€9,471 | -51.5% |
| Deferred charges and accrued income | 490/1 | €1,182 | €246 | -€937 | -79.2% |
| Total equity and liabilities | 10/49 | €835,671 | €818,428 | -€17,243 | -2.1% |
| Equity | 10/15 | €511,750 | €523,143 | +€11,392 | +2.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €449,750 | €461,143 | +€11,392 | +2.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €402,911 | €391,027 | -€11,884 | -2.9% |
| Distributable reserves | 133 | €40,639 | €63,915 | +€23,276 | +57.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €134,304 | €130,342 | -€3,961 | -2.9% |
| Deferred taxes | 168 | €134,304 | €130,342 | -€3,961 | -2.9% |
| Amounts payable | 17/49 | €189,617 | €164,943 | -€24,674 | -13.0% |
| Amounts payable within one year | 42/48 | €189,617 | €164,943 | -€24,674 | -13.0% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €7,010 | €18,472 | +€11,463 | +164% |
| Suppliers | 440/4 | €7,010 | €18,472 | +€11,463 | +164% |
| Taxes, remuneration and social security | 45 | €3,682 | €8,026 | +€4,344 | +118% |
| Taxes | 450/3 | €3,682 | €8,026 | +€4,344 | +118% |
| Other amounts payable | 47/48 | €178,926 | €138,445 | -€40,481 | -22.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €575,300 | €0 | -€575,300 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,144 | €18,144 | -€0 | 0.0% |
| Other operating charges | 640/8 | €4,809 | €3,243 | -€1,566 | -32.6% |
| Non-recurring operating charges | 66A | €1,014 | €0 | -€1,014 | -100% |
| Gross operating margin | 9900 | €617,573 | €31,270 | -€586,303 | -94.9% |
| Operating profit (loss) | 9901 | €593,606 | €9,884 | -€583,723 | -98.3% |
| Financial income | 75/76B | €498 | €0 | -€498 | -100% |
| Recurring financial income | 75 | €498 | €0 | -€498 | -100% |
| Financial charges | 65/66B | €18,039 | €125 | -€17,915 | -99.3% |
| Recurring financial charges | 65 | €18,039 | €125 | -€17,915 | -99.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €576,065 | €9,759 | -€566,306 | -98.3% |
| Transfer from deferred taxes | 780 | €9,521 | €3,961 | -€5,560 | -58.4% |
| Transfer to deferred taxes | 680 | €143,825 | €0 | -€143,825 | -100% |
| Income taxes | 67/77 | €2,068 | €2,328 | +€260 | +12.6% |
| Profit (loss) for the period | 9904 | €439,693 | €11,392 | -€428,301 | -97.4% |
| Transfer from tax-exempt reserves | 789 | €28,564 | €11,884 | -€16,680 | -58.4% |
| Transfer to tax-exempt reserves | 689 | €431,475 | €0 | -€431,475 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €36,782 | €23,276 | -€13,506 | -36.7% |
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 14 October 2026 via checked.be.