ERWIN CONSULT: what changed
Two fiscal 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.
ERWIN CONSULT
Largest movements
- Receivables within one year -€281,505
down €281,505 (-56.3%), from €500,194 to €218,689
- Deferred charges and accrued income -€138,425
no longer reported in 2026 (was €138,425)
- Cash -€59,438
down €59,438 (-92.8%), from €64,065 to €4,627
mainly Other debts (-€443,794) and Investment in fixed assets (net) (-€36,448)
- Reserves -€537,955
down €537,955 (-48.0%), from €1.1m to €583,045
of which Distributable reserves: -€436,871
- Profit (loss) carried forward +€532,219
up €532,219 (+233.8%), from €227,659 to €759,877
- Other debts -€443,794
down €443,794 (-95.1%), from €466,623 to €22,829
- Provisions -€33,695
down €33,695 (-18.2%), from €185,285 to €151,590
- Gross operating margin -€319,735
down €319,735 (-85.0%), from €376,274 to €56,540
- Financial income -€48,141
down €48,141 (-96.3%), from €50,000 to €1,859
- Financial charges -€21,232
down €21,232 (-42.0%), from €50,521 to €29,288
- Depreciation -€7,885
down €7,885 (-13.4%), from €58,879 to €50,995
- Taxes +€6,119
up €6,119 (+1245.0%), from €492 to €6,611
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,041,553 | €1,547,638 | -€493,915 | -24.2% |
| Fixed assets | 21/28 | €1,338,870 | €1,324,323 | -€14,547 | -1.1% |
| Tangible fixed assets | 22/27 | €1,338,482 | €1,323,935 | -€14,547 | -1.1% |
| Land and buildings | 22 | €1,295,449 | €1,312,068 | +€16,618 | +1.3% |
| Plant, machinery and equipment | 23 | €9,465 | - | -€9,465 | |
| Furniture and vehicles | 24 | €33,567 | €11,867 | -€21,700 | -64.6% |
| Financial fixed assets | 28 | €388 | €388 | = | 0.0% |
| Current assets | 29/58 | €702,683 | €223,316 | -€479,367 | -68.2% |
| Amounts receivable within one year | 40/41 | €500,194 | €218,689 | -€281,505 | -56.3% |
| Other amounts receivable | 41 | €500,194 | €218,689 | -€281,505 | -56.3% |
| Cash at bank and in hand | 54/58 | €64,065 | €4,627 | -€59,438 | -92.8% |
| Deferred charges and accrued income | 490/1 | €138,425 | - | -€138,425 | |
| Total equity and liabilities | 10/49 | €2,041,553 | €1,547,638 | -€493,915 | -24.2% |
| Equity | 10/15 | €1,367,250 | €1,361,514 | -€5,736 | -0.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,121,000 | €583,045 | -€537,955 | -48.0% |
| Tax-exempt reserves | 132 | €555,854 | €454,770 | -€101,084 | -18.2% |
| Distributable reserves | 133 | €565,146 | €128,274 | -€436,871 | -77.3% |
| Profit (loss) carried forward | 14 | €227,659 | €759,877 | +€532,219 | +233.8% |
| Provisions and deferred taxes | 16 | €185,285 | €151,590 | -€33,695 | -18.2% |
| Deferred taxes | 168 | €185,285 | €151,590 | -€33,695 | -18.2% |
| Amounts payable | 17/49 | €489,018 | €34,534 | -€454,484 | -92.9% |
| Amounts payable after more than one year | 17 | - | €2,861 | +€2,861 | |
| Other amounts payable | 178/9 | - | €2,861 | +€2,861 | |
| Amounts payable within one year | 42/48 | €489,018 | €31,673 | -€457,345 | -93.5% |
| Current portion of amounts payable after more than one year | 42 | €2,553 | - | -€2,553 | |
| Trade debts | 44 | €5,569 | €2,233 | -€3,336 | -59.9% |
| Suppliers | 440/4 | €5,569 | €2,233 | -€3,336 | -59.9% |
| Taxes, remuneration and social security | 45 | €14,274 | €6,611 | -€7,663 | -53.7% |
| Taxes | 450/3 | €14,274 | €6,611 | -€7,663 | -53.7% |
| Other amounts payable | 47/48 | €466,623 | €22,829 | -€443,794 | -95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,879 | €50,995 | -€7,885 | -13.4% |
| Other operating charges | 640/8 | €10,036 | €10,936 | +€900 | +9.0% |
| Gross operating margin | 9900 | €376,274 | €56,540 | -€319,735 | -85.0% |
| Operating profit (loss) | 9901 | €307,359 | -€5,391 | -€312,749 | |
| Financial income | 75/76B | €50,000 | €1,859 | -€48,141 | -96.3% |
| Recurring financial income | 75 | €50,000 | €1,859 | -€48,141 | -96.3% |
| Financial charges | 65/66B | €50,521 | €29,288 | -€21,232 | -42.0% |
| Recurring financial charges | 65 | €50,521 | €29,288 | -€21,232 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €306,838 | -€32,820 | -€339,658 | |
| Transfer from deferred taxes | 780 | €2,238 | €33,695 | +€31,457 | +1405.6% |
| Transfer to deferred taxes | 680 | €89,787 | - | -€89,787 | |
| Income taxes | 67/77 | €492 | €6,611 | +€6,119 | +1245.0% |
| Profit (loss) for the period | 9904 | €218,798 | -€5,736 | -€224,534 | |
| Transfer from tax-exempt reserves | 789 | €6,714 | €101,084 | +€94,370 | +1405.6% |
| Transfer to tax-exempt reserves | 689 | €269,360 | - | -€269,360 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,849 | €95,347 | +€139,196 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.