DW 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.
DW CONSULT
Largest movements
- Cash +€67,283
up €67,283 (+54.2%), from €124,228 to €191,511
mainly Net result for the year (+€50,836) and Depreciation (+€28,574)
- Tangible fixed assets -€16,384
down €16,384 (-14.8%), from €110,848 to €94,465
of which Furniture and vehicles: -€14,703
- Receivables within one year -€5,658
down €5,658 (-19.0%), from €29,745 to €24,087
- Reserves +€50,836
up €50,836 (+23.4%), from €216,819 to €267,655
- Other debts -€10,000
down €10,000 (-40.0%), from €25,000 to €15,000
- Tax, wage and social debts +€5,380
up €5,380 (+29.4%), from €18,323 to €23,702
of which Taxes: +€3,348
- Gross operating margin -€9,217
down €9,217 (-7.4%), from €124,263 to €115,046
- Taxes -€3,390
down €3,390 (-11.7%), from €28,936 to €25,546
- Financial income +€2,792
up €2,792 (+393%), from €711 to €3,504
- Depreciation +€2,438
up €2,438 (+9.3%), from €26,136 to €28,574
- Write-downs +€1,545
up €1,545 (+30.3%), from -€5,089 to -€3,545
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 | €364,821 | €410,063 | +€45,242 | +12.4% |
| Fixed assets | 21/28 | €110,848 | €94,465 | -€16,384 | -14.8% |
| Tangible fixed assets | 22/27 | €110,848 | €94,465 | -€16,384 | -14.8% |
| Land and buildings | 22 | €68,594 | €57,162 | -€11,432 | -16.7% |
| Plant, machinery and equipment | 23 | - | €9,752 | +€9,752 | |
| Furniture and vehicles | 24 | €42,254 | €27,551 | -€14,703 | -34.8% |
| Current assets | 29/58 | €253,973 | €315,598 | +€61,625 | +24.3% |
| Amounts receivable within one year | 40/41 | €29,745 | €24,087 | -€5,658 | -19.0% |
| Trade receivables | 40 | €29,745 | €24,087 | -€5,658 | -19.0% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €124,228 | €191,511 | +€67,283 | +54.2% |
| Total equity and liabilities | 10/49 | €364,821 | €410,063 | +€45,242 | +12.4% |
| Equity | 10/15 | €243,520 | €294,356 | +€50,836 | +20.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €216,819 | €267,655 | +€50,836 | +23.4% |
| Distributable reserves | 133 | €216,819 | €267,655 | +€50,836 | +23.4% |
| Profit (loss) carried forward | 14 | €20,496 | €20,496 | = | 0.0% |
| Amounts payable | 17/49 | €121,302 | €115,707 | -€5,595 | -4.6% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €46,302 | €40,707 | -€5,595 | -12.1% |
| Trade debts | 44 | €2,979 | €2,004 | -€974 | -32.7% |
| Suppliers | 440/4 | €2,979 | €2,004 | -€974 | -32.7% |
| Taxes, remuneration and social security | 45 | €18,323 | €23,702 | +€5,380 | +29.4% |
| Taxes | 450/3 | €16,605 | €19,953 | +€3,348 | +20.2% |
| Remuneration and social security | 454/9 | €1,717 | €3,749 | +€2,032 | +118% |
| Other amounts payable | 47/48 | €25,000 | €15,000 | -€10,000 | -40.0% |
| Non-recurring operating income | 76A | €150 | €273 | +€123 | +82.2% |
| Remuneration, social security and pensions | 62 | €13,820 | €14,469 | +€649 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,136 | €28,574 | +€2,438 | +9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,089 | -€3,545 | +€1,545 | +30.3% |
| Other operating charges | 640/8 | €1,087 | €1,121 | +€34 | +3.1% |
| Gross operating margin | 9900 | €124,263 | €115,046 | -€9,217 | -7.4% |
| Operating profit (loss) | 9901 | €88,309 | €74,427 | -€13,882 | -15.7% |
| Financial income | 75/76B | €711 | €3,504 | +€2,792 | +393% |
| Recurring financial income | 75 | €711 | €3,504 | +€2,792 | +393% |
| Financial charges | 65/66B | €1,532 | €1,549 | +€17 | +1.1% |
| Recurring financial charges | 65 | €1,532 | €1,549 | +€17 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €87,489 | €76,382 | -€11,107 | -12.7% |
| Income taxes | 67/77 | €28,936 | €25,546 | -€3,390 | -11.7% |
| Profit (loss) for the period | 9904 | €58,554 | €50,836 | -€7,717 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,554 | €50,836 | -€7,717 | -13.2% |
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 15 October 2026 via checked.be.