DWS Consultancy: what changed
DWS Consultancy
Largest movements
- Receivables within one year +€339,640
up €339,640 (+647%), from €52,464 to €392,103
of which Trade receivables: +€327,523
- Current investments +€250,525
up €250,525 (+835%), from €30,000 to €280,525
- Tangible fixed assets -€214,272
down €214,272 (-25.1%), from €855,066 to €640,795
of which Furniture and vehicles: -€198,408
- Cash -€145,119
down €145,119 (-57.0%), from €254,616 to €109,497
mainly Receivables within one year (-€339,640) and Current investments (-€250,525)
- Deferred charges and accrued income -€140,527
no longer reported in 2025 (was €140,527)
- Reserves +€152,971
up €152,971 (+63.9%), from €239,367 to €392,338
- Debts after one year -€142,472
down €142,472 (-22.5%), from €631,853 to €489,381
- Tax, wage and social debts +€84,397
up €84,397 (+67.0%), from €126,027 to €210,424
of which Taxes: +€75,546
- Trade debts -€57,837
down €57,837 (-65.9%), from €87,812 to €29,975
- Current portion of long-term debt +€47,031
up €47,031 (+28.2%), from €166,723 to €213,754
- Gross operating margin +€312,506
up €312,506 (+28.9%), from €1.1m to €1.4m
- Staff costs +€108,207
up €108,207 (+15.8%), from €685,882 to €794,089
- Depreciation +€79,583
up €79,583 (+74.8%), from €106,367 to €185,950
- Taxes +€33,013
up €33,013 (+58.4%), from €56,487 to €89,500
- Financial charges +€26,193
up €26,193 (+147%), from €17,844 to €44,038
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,332,779 | €1,422,920 | +€90,141 | +6.8% |
| Fixed assets | 21/28 | €855,172 | €640,795 | -€214,378 | -25.1% |
| Intangible fixed assets | 21 | €106 | - | -€106 | |
| Tangible fixed assets | 22/27 | €855,066 | €640,795 | -€214,272 | -25.1% |
| Plant, machinery and equipment | 23 | €20,738 | €14,285 | -€6,453 | -31.1% |
| Furniture and vehicles | 24 | €783,840 | €585,431 | -€198,408 | -25.3% |
| Other tangible fixed assets | 26 | €50,489 | €41,078 | -€9,411 | -18.6% |
| Current assets | 29/58 | €477,607 | €782,126 | +€304,519 | +63.8% |
| Amounts receivable within one year | 40/41 | €52,464 | €392,103 | +€339,640 | +647% |
| Trade receivables | 40 | €9,949 | €337,472 | +€327,523 | +3,292% |
| Other amounts receivable | 41 | €42,515 | €54,631 | +€12,117 | +28.5% |
| Current investments | 50/53 | €30,000 | €280,525 | +€250,525 | +835% |
| Cash at bank and in hand | 54/58 | €254,616 | €109,497 | -€145,119 | -57.0% |
| Deferred charges and accrued income | 490/1 | €140,527 | - | -€140,527 | |
| Total equity and liabilities | 10/49 | €1,332,779 | €1,422,920 | +€90,141 | +6.8% |
| Equity | 10/15 | €257,967 | €410,938 | +€152,971 | +59.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €239,367 | €392,338 | +€152,971 | +63.9% |
| Distributable reserves | 133 | €239,367 | €392,338 | +€152,971 | +63.9% |
| Amounts payable | 17/49 | €1,074,813 | €1,011,982 | -€62,831 | -5.8% |
| Amounts payable after more than one year | 17 | €631,853 | €489,381 | -€142,472 | -22.5% |
| Financial debts | 170/4 | €631,853 | €489,381 | -€142,472 | -22.5% |
| Amounts payable within one year | 42/48 | €442,959 | €522,601 | +€79,642 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €166,723 | €213,754 | +€47,031 | +28.2% |
| Trade debts | 44 | €87,812 | €29,975 | -€57,837 | -65.9% |
| Suppliers | 440/4 | €87,812 | €29,975 | -€57,837 | -65.9% |
| Advances received on contracts in progress | 46 | €27,830 | €50,000 | +€22,170 | +79.7% |
| Taxes, remuneration and social security | 45 | €126,027 | €210,424 | +€84,397 | +67.0% |
| Taxes | 450/3 | €45,492 | €121,038 | +€75,546 | +166% |
| Remuneration and social security | 454/9 | €80,535 | €89,386 | +€8,851 | +11.0% |
| Other amounts payable | 47/48 | €34,568 | €18,448 | -€16,120 | -46.6% |
| Remuneration, social security and pensions | 62 | €685,882 | €794,089 | +€108,207 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,367 | €185,950 | +€79,583 | +74.8% |
| Other operating charges | 640/8 | €12,470 | €30,694 | +€18,223 | +146% |
| Gross operating margin | 9900 | €1,081,057 | €1,393,563 | +€312,506 | +28.9% |
| Operating profit (loss) | 9901 | €276,338 | €382,831 | +€106,493 | +38.5% |
| Financial income | 75/76B | €753 | €3,679 | +€2,926 | +389% |
| Recurring financial income | 75 | €753 | €3,679 | +€2,926 | +389% |
| Financial charges | 65/66B | €17,844 | €44,038 | +€26,193 | +147% |
| Recurring financial charges | 65 | €17,844 | €44,038 | +€26,193 | +147% |
| Profit (loss) for the period before taxes | 9903 | €259,246 | €342,471 | +€83,225 | +32.1% |
| Income taxes | 67/77 | €56,487 | €89,500 | +€33,013 | +58.4% |
| Profit (loss) for the period | 9904 | €202,759 | €252,971 | +€50,213 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €202,759 | €252,971 | +€50,213 | +24.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.