F.W. MANAGEMENT CONSULTANCY: 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.
F.W. MANAGEMENT CONSULTANCY
Largest movements
- Tangible fixed assets -€42,060
down €42,060 (-24.8%), from €169,359 to €127,299
of which Land and buildings: -€38,948
- Cash +€17,479
up €17,479 (+70.6%), from €24,764 to €42,243
mainly Depreciation (+€42,060) and Net result for the year (+€24,598)
- Receivables within one year +€7,991
up €7,991 (+17.1%), from €46,721 to €54,712
of which Other amounts receivable: +€9,662
- Deferred charges and accrued income -€3,622
down €3,622 (-32.2%), from €11,231 to €7,610
- Debts after one year -€37,493
down €37,493 (-27.8%), from €134,719 to €97,226
- Reserves +€24,598
up €24,598 (+65.1%), from €37,771 to €62,369
of which Distributable reserves: +€24,598
- Other debts -€7,500
down €7,500 (-30.0%), from €25,000 to €17,500
- Gross operating margin +€32,565
up €32,565 (+59.6%), from €54,634 to €87,199
- Taxes +€9,289
up €9,289 (+1,617%), from €574 to €9,863
- Financial charges -€2,101
down €2,101 (-18.7%), from €11,254 to €9,154
- Depreciation +€2,064
up €2,064 (+5.2%), from €39,996 to €42,060
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 | €252,074 | €231,864 | -€20,211 | -8.0% |
| Fixed assets | 21/28 | €169,359 | €127,299 | -€42,060 | -24.8% |
| Tangible fixed assets | 22/27 | €169,359 | €127,299 | -€42,060 | -24.8% |
| Land and buildings | 22 | €148,536 | €109,587 | -€38,948 | -26.2% |
| Plant, machinery and equipment | 23 | €20,465 | €17,643 | -€2,821 | -13.8% |
| Furniture and vehicles | 24 | €359 | €68 | -€290 | -80.9% |
| Current assets | 29/58 | €82,715 | €104,564 | +€21,849 | +26.4% |
| Amounts receivable within one year | 40/41 | €46,721 | €54,712 | +€7,991 | +17.1% |
| Trade receivables | 40 | €38,115 | €36,445 | -€1,670 | -4.4% |
| Other amounts receivable | 41 | €8,606 | €18,267 | +€9,662 | +112% |
| Cash at bank and in hand | 54/58 | €24,764 | €42,243 | +€17,479 | +70.6% |
| Deferred charges and accrued income | 490/1 | €11,231 | €7,610 | -€3,622 | -32.2% |
| Total equity and liabilities | 10/49 | €252,074 | €231,864 | -€20,211 | -8.0% |
| Equity | 10/15 | €50,171 | €74,769 | +€24,598 | +49.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €37,771 | €62,369 | +€24,598 | +65.1% |
| Non-distributable reserves | 130/1 | €2,111 | €2,111 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,111 | €2,111 | = | 0.0% |
| Distributable reserves | 133 | €35,660 | €60,257 | +€24,598 | +69.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €201,903 | €157,095 | -€44,808 | -22.2% |
| Amounts payable after more than one year | 17 | €134,719 | €97,226 | -€37,493 | -27.8% |
| Financial debts | 170/4 | €134,719 | €97,226 | -€37,493 | -27.8% |
| Amounts payable within one year | 42/48 | €67,185 | €59,869 | -€7,316 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €35,937 | €37,493 | +€1,556 | +4.3% |
| Trade debts | 44 | €3,613 | €1,842 | -€1,771 | -49.0% |
| Suppliers | 440/4 | €3,613 | €1,842 | -€1,771 | -49.0% |
| Taxes, remuneration and social security | 45 | €2,635 | €3,034 | +€399 | +15.1% |
| Taxes | 450/3 | €2,635 | €3,034 | +€399 | +15.1% |
| Other amounts payable | 47/48 | €25,000 | €17,500 | -€7,500 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,996 | €42,060 | +€2,064 | +5.2% |
| Other operating charges | 640/8 | €1,968 | €2,022 | +€54 | +2.7% |
| Gross operating margin | 9900 | €54,634 | €87,199 | +€32,565 | +59.6% |
| Operating profit (loss) | 9901 | €12,670 | €43,117 | +€30,447 | +240% |
| Financial income | 75/76B | €605 | €497 | -€107 | -17.7% |
| Recurring financial income | 75 | €605 | €497 | -€107 | -17.7% |
| Financial charges | 65/66B | €11,254 | €9,154 | -€2,101 | -18.7% |
| Recurring financial charges | 65 | €11,254 | €9,154 | -€2,101 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €2,020 | €34,461 | +€32,441 | +1,606% |
| Income taxes | 67/77 | €574 | €9,863 | +€9,289 | +1,617% |
| Profit (loss) for the period | 9904 | €1,446 | €24,598 | +€23,152 | +1,602% |
| Profit (loss) for the period to be appropriated | 9905 | €1,446 | €24,598 | +€23,152 | +1,602% |
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 28 October 2026 via checked.be.