FIN4WAVES 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.
FIN4WAVES CONSULTING
Largest movements
- Cash +€55,098
up €55,098 (+30.1%), from €183,216 to €238,314
mainly Net result for the year (+€62,759) and Other debts (+€6,527)
- Reserves +€63,467
up €63,467 (+42.5%), from €149,500 to €212,967
- Tax, wage and social debts -€15,279
down €15,279 (-35.4%), from €43,101 to €27,822
- Other debts +€6,527
up €6,527 (+38.9%), from €16,790 to €23,317
- Gross operating margin +€6,380
up €6,380 (+8.7%), from €73,647 to €80,027
- Taxes -€3,973
down €3,973 (-19.6%), from €20,224 to €16,251
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 | €217,285 | €273,375 | +€56,090 | +25.8% |
| Fixed assets | 21/28 | €3,788 | €2,281 | -€1,507 | -39.8% |
| Tangible fixed assets | 22/27 | €3,788 | €2,281 | -€1,507 | -39.8% |
| Plant, machinery and equipment | 23 | €1,092 | €723 | -€369 | -33.8% |
| Furniture and vehicles | 24 | €2,696 | €1,558 | -€1,138 | -42.2% |
| Current assets | 29/58 | €213,497 | €271,094 | +€57,597 | +27.0% |
| Amounts receivable within one year | 40/41 | €30,281 | €32,779 | +€2,499 | +8.3% |
| Trade receivables | 40 | €30,281 | €31,530 | +€1,249 | +4.1% |
| Other amounts receivable | 41 | - | €1,249 | +€1,249 | |
| Cash at bank and in hand | 54/58 | €183,216 | €238,314 | +€55,098 | +30.1% |
| Total equity and liabilities | 10/49 | €217,285 | €273,375 | +€56,090 | +25.8% |
| Equity | 10/15 | €155,207 | €217,967 | +€62,759 | +40.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €149,500 | €212,967 | +€63,467 | +42.5% |
| Distributable reserves | 133 | €149,500 | €212,967 | +€63,467 | +42.5% |
| Profit (loss) carried forward | 14 | €707 | - | -€707 | |
| Amounts payable | 17/49 | €62,077 | €55,408 | -€6,669 | -10.7% |
| Amounts payable within one year | 42/48 | €60,327 | €53,658 | -€6,669 | -11.1% |
| Trade debts | 44 | €437 | €2,519 | +€2,082 | +477% |
| Suppliers | 440/4 | €437 | €2,519 | +€2,082 | +477% |
| Taxes, remuneration and social security | 45 | €43,101 | €27,822 | -€15,279 | -35.4% |
| Taxes | 450/3 | €43,101 | €27,822 | -€15,279 | -35.4% |
| Other amounts payable | 47/48 | €16,790 | €23,317 | +€6,527 | +38.9% |
| Accrued charges and deferred income | 492/3 | €1,750 | €1,750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,087 | €1,507 | +€420 | +38.6% |
| Other operating charges | 640/8 | €1,818 | €2,097 | +€279 | +15.4% |
| Gross operating margin | 9900 | €73,647 | €80,027 | +€6,380 | +8.7% |
| Operating profit (loss) | 9901 | €70,742 | €76,423 | +€5,681 | +8.0% |
| Financial income | 75/76B | €3,680 | €4,340 | +€660 | +17.9% |
| Recurring financial income | 75 | €3,680 | €4,340 | +€660 | +17.9% |
| Financial charges | 65/66B | €1,632 | €1,753 | +€121 | +7.4% |
| Recurring financial charges | 65 | €1,632 | €1,753 | +€121 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €72,790 | €79,010 | +€6,220 | +8.5% |
| Income taxes | 67/77 | €20,224 | €16,251 | -€3,973 | -19.6% |
| Profit (loss) for the period | 9904 | €52,566 | €62,759 | +€10,193 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,566 | €62,759 | +€10,193 | +19.4% |
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 16 October 2026 via checked.be.