DWEL CONSULTING: 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.
DWEL CONSULTING
Largest movements
- Cash +€10,759
up €10,759 (+18.3%), from €58,681 to €69,440
mainly Net result for the year (+€58,651) and Receivables within one year (+€10,600)
- Receivables within one year -€10,600
down €10,600 (-39.9%), from €26,596 to €15,996
of which Trade receivables: -€11,009
- Tangible fixed assets -€4,900
down €4,900 (-5.4%), from €90,705 to €85,804
of which Land and buildings: -€3,484
- Other debts +€9,059
up €9,059 (+19.3%), from €46,823 to €55,882
- Reserves -€8,561
down €8,561 (-53.8%), from €15,911 to €7,351
- Debts after one year -€8,107
down €8,107 (-10.1%), from €79,898 to €71,791
- Tax, wage and social debts +€6,133
up €6,133 (+46.4%), from €13,232 to €19,365
- Short-term financial debts -€2,039
no longer reported in 2025 (was €2,039)
- Depreciation -€13,181
down €13,181 (-72.9%), from €18,082 to €4,900
- Other operating charges -€3,045
down €3,045 (-88.8%), from €3,431 to €386
- Taxes +€2,710
up €2,710 (+19.5%), from €13,881 to €16,591
- Gross operating margin +€2,033
up €2,033 (+2.5%), from €81,263 to €83,296
- Financial charges +€1,044
up €1,044 (+60.6%), from €1,723 to €2,767
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 | €176,174 | €171,584 | -€4,590 | -2.6% |
| Fixed assets | 21/28 | €90,855 | €85,954 | -€4,900 | -5.4% |
| Tangible fixed assets | 22/27 | €90,705 | €85,804 | -€4,900 | -5.4% |
| Land and buildings | 22 | €87,616 | €84,133 | -€3,484 | -4.0% |
| Furniture and vehicles | 24 | €3,088 | €1,671 | -€1,417 | -45.9% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €85,319 | €85,630 | +€311 | +0.4% |
| Amounts receivable within one year | 40/41 | €26,596 | €15,996 | -€10,600 | -39.9% |
| Trade receivables | 40 | €26,596 | €15,587 | -€11,009 | -41.4% |
| Other amounts receivable | 41 | - | €409 | +€409 | |
| Cash at bank and in hand | 54/58 | €58,681 | €69,440 | +€10,759 | +18.3% |
| Deferred charges and accrued income | 490/1 | €43 | €194 | +€151 | +356% |
| Total equity and liabilities | 10/49 | €176,174 | €171,584 | -€4,590 | -2.6% |
| Equity | 10/15 | €22,111 | €13,551 | -€8,561 | -38.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €15,911 | €7,351 | -€8,561 | -53.8% |
| Distributable reserves | 133 | €15,911 | €7,351 | -€8,561 | -53.8% |
| Amounts payable | 17/49 | €154,062 | €158,033 | +€3,971 | +2.6% |
| Amounts payable after more than one year | 17 | €79,898 | €71,791 | -€8,107 | -10.1% |
| Financial debts | 170/4 | €79,898 | €71,791 | -€8,107 | -10.1% |
| Amounts payable within one year | 42/48 | €72,257 | €84,900 | +€12,644 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €7,857 | €8,107 | +€250 | +3.2% |
| Financial debts | 43 | €2,039 | - | -€2,039 | |
| Credit institutions | 430/8 | €2,039 | - | -€2,039 | |
| Trade debts | 44 | €2,305 | €1,547 | -€759 | -32.9% |
| Suppliers | 440/4 | €2,305 | €1,547 | -€759 | -32.9% |
| Taxes, remuneration and social security | 45 | €13,232 | €19,365 | +€6,133 | +46.4% |
| Taxes | 450/3 | €13,232 | €19,365 | +€6,133 | +46.4% |
| Other amounts payable | 47/48 | €46,823 | €55,882 | +€9,059 | +19.3% |
| Accrued charges and deferred income | 492/3 | €1,907 | €1,341 | -€566 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,082 | €4,900 | -€13,181 | -72.9% |
| Other operating charges | 640/8 | €3,431 | €386 | -€3,045 | -88.8% |
| Gross operating margin | 9900 | €81,263 | €83,296 | +€2,033 | +2.5% |
| Operating profit (loss) | 9901 | €59,750 | €78,009 | +€18,260 | +30.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,723 | €2,767 | +€1,044 | +60.6% |
| Recurring financial charges | 65 | €1,723 | €2,767 | +€1,044 | +60.6% |
| Profit (loss) for the period before taxes | 9903 | €58,027 | €75,243 | +€17,216 | +29.7% |
| Income taxes | 67/77 | €13,881 | €16,591 | +€2,710 | +19.5% |
| Profit (loss) for the period | 9904 | €44,145 | €58,651 | +€14,506 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,145 | €58,651 | +€14,506 | +32.9% |
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 29 October 2026 via checked.be.