FW 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.
FW CONSULTING
Largest movements
- Tangible fixed assets -€20,521
down €20,521 (-2.7%), from €749,474 to €728,953
of which Land and buildings: -€19,134
- Receivables within one year +€8,291
up €8,291 (+63.5%), from €13,054 to €21,345
of which Trade receivables: +€4,946
- Debts after one year -€54,515
down €54,515 (-8.2%), from €663,665 to €609,151
- Other debts +€34,489
up €34,489 (+108%), from €31,836 to €66,326
- Financial charges -€2,155
down €2,155 (-13.4%), from €16,037 to €13,882
- Gross operating margin +€1,906
up €1,906 (+1.6%), from €119,216 to €121,122
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 | €803,996 | €785,798 | -€18,198 | -2.3% |
| Fixed assets | 21/28 | €749,474 | €728,953 | -€20,521 | -2.7% |
| Tangible fixed assets | 22/27 | €749,474 | €728,953 | -€20,521 | -2.7% |
| Land and buildings | 22 | €741,356 | €722,222 | -€19,134 | -2.6% |
| Plant, machinery and equipment | 23 | €1,728 | €1,313 | -€415 | -24.0% |
| Furniture and vehicles | 24 | €6,390 | €5,418 | -€972 | -15.2% |
| Current assets | 29/58 | €54,522 | €56,845 | +€2,322 | +4.3% |
| Amounts receivable within one year | 40/41 | €13,054 | €21,345 | +€8,291 | +63.5% |
| Trade receivables | 40 | €13,054 | €18,000 | +€4,946 | +37.9% |
| Other amounts receivable | 41 | €0 | €3,345 | +€3,345 | |
| Cash at bank and in hand | 54/58 | €40,135 | €33,207 | -€6,928 | -17.3% |
| Deferred charges and accrued income | 490/1 | €1,333 | €2,292 | +€959 | +71.9% |
| Total equity and liabilities | 10/49 | €803,996 | €785,798 | -€18,198 | -2.3% |
| Equity | 10/15 | €59,604 | €64,232 | +€4,628 | +7.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €54,604 | €59,232 | +€4,628 | +8.5% |
| Distributable reserves | 133 | €54,604 | €59,232 | +€4,628 | +8.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €744,392 | €721,565 | -€22,827 | -3.1% |
| Amounts payable after more than one year | 17 | €663,665 | €609,151 | -€54,515 | -8.2% |
| Financial debts | 170/4 | €663,665 | €609,151 | -€54,515 | -8.2% |
| Amounts payable within one year | 42/48 | €80,727 | €112,414 | +€31,688 | +39.3% |
| Current portion of amounts payable after more than one year | 42 | €31,310 | €32,044 | +€734 | +2.3% |
| Trade debts | 44 | €2,403 | €3,773 | +€1,369 | +57.0% |
| Suppliers | 440/4 | €2,403 | €3,773 | +€1,369 | +57.0% |
| Taxes, remuneration and social security | 45 | €15,177 | €10,272 | -€4,905 | -32.3% |
| Taxes | 450/3 | €15,177 | €10,272 | -€4,905 | -32.3% |
| Other amounts payable | 47/48 | €31,836 | €66,326 | +€34,489 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,447 | €24,846 | -€601 | -2.4% |
| Other operating charges | 640/8 | €5,108 | €4,506 | -€601 | -11.8% |
| Gross operating margin | 9900 | €119,216 | €121,122 | +€1,906 | +1.6% |
| Operating profit (loss) | 9901 | €88,661 | €91,769 | +€3,108 | +3.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.6% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.6% |
| Financial charges | 65/66B | €16,037 | €13,882 | -€2,155 | -13.4% |
| Recurring financial charges | 65 | €16,037 | €13,882 | -€2,155 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €72,626 | €77,887 | +€5,261 | +7.2% |
| Income taxes | 67/77 | €18,022 | €18,655 | +€633 | +3.5% |
| Profit (loss) for the period | 9904 | €54,604 | €59,232 | +€4,628 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,604 | €59,232 | +€4,628 | +8.5% |
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 18 October 2026 via checked.be.