FW SERVICES: 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 SERVICES
Largest movements
- Receivables within one year +€18,343
up €18,343 (+14792.7%), from €124 to €18,467
- Tangible fixed assets +€13,513
up €13,513 (+157.8%), from €8,561 to €22,074
- Cash +€13,043
up €13,043 (+42.0%), from €31,086 to €44,129
mainly Tax, wage and social debts (+€21,221) and Depreciation (+€17,277)
- Intangible fixed assets -€7,000
down €7,000 (-33.3%), from €21,000 to €14,000
- Stocks and contracts -€6,947
no longer reported in 2024 (was €6,947)
- Tax, wage and social debts +€21,221
up €21,221 (+1069.6%), from €1,984 to €23,205
- Profit (loss) carried forward +€16,053
up €16,053 (+66.2%), from -€24,240 to -€8,187
- Trade debts -€3,323
down €3,323 (-17.3%), from €19,243 to €15,920
- Other debts -€1,514
down €1,514 (-3.2%), from €47,086 to €45,572
- Gross operating margin +€48,375
up €48,375 (+101.7%), from €47,545 to €95,920
- Staff costs +€25,797
up €25,797 (+72.6%), from €35,532 to €61,329
- Depreciation +€2,957
up €2,957 (+20.6%), from €14,320 to €17,277
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,073 | €101,510 | +€32,437 | +47.0% |
| Fixed assets | 21/28 | €29,561 | €36,074 | +€6,513 | +22.0% |
| Intangible fixed assets | 21 | €21,000 | €14,000 | -€7,000 | -33.3% |
| Tangible fixed assets | 22/27 | €8,561 | €22,074 | +€13,513 | +157.8% |
| Furniture and vehicles | 24 | €8,561 | €22,074 | +€13,513 | +157.8% |
| Current assets | 29/58 | €39,512 | €65,436 | +€25,924 | +65.6% |
| Stocks and contracts in progress | 3 | €6,947 | - | -€6,947 | |
| Contracts in progress | 37 | €6,947 | - | -€6,947 | |
| Amounts receivable within one year | 40/41 | €124 | €18,467 | +€18,343 | +14792.7% |
| Trade receivables | 40 | €124 | €18,467 | +€18,343 | +14792.7% |
| Cash at bank and in hand | 54/58 | €31,086 | €44,129 | +€13,043 | +42.0% |
| Deferred charges and accrued income | 490/1 | €1,355 | €2,840 | +€1,485 | +109.6% |
| Total equity and liabilities | 10/49 | €69,073 | €101,510 | +€32,437 | +47.0% |
| Equity | 10/15 | €760 | €16,813 | +€16,053 | +2112.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,240 | -€8,187 | +€16,053 | +66.2% |
| Amounts payable | 17/49 | €68,313 | €84,697 | +€16,384 | +24.0% |
| Amounts payable within one year | 42/48 | €68,313 | €84,697 | +€16,384 | +24.0% |
| Trade debts | 44 | €19,243 | €15,920 | -€3,323 | -17.3% |
| Suppliers | 440/4 | €19,243 | €15,920 | -€3,323 | -17.3% |
| Taxes, remuneration and social security | 45 | €1,984 | €23,205 | +€21,221 | +1069.6% |
| Taxes | 450/3 | €1,984 | €23,205 | +€21,221 | +1069.6% |
| Other amounts payable | 47/48 | €47,086 | €45,572 | -€1,514 | -3.2% |
| Remuneration, social security and pensions | 62 | €35,532 | €61,329 | +€25,797 | +72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,320 | €17,277 | +€2,957 | +20.6% |
| Other operating charges | 640/8 | €887 | €772 | -€115 | -13.0% |
| Non-recurring operating charges | 66A | €759 | €123 | -€636 | -83.8% |
| Gross operating margin | 9900 | €47,545 | €95,920 | +€48,375 | +101.7% |
| Operating profit (loss) | 9901 | -€3,953 | €16,419 | +€20,372 | |
| Financial charges | 65/66B | €165 | €366 | +€201 | +121.8% |
| Recurring financial charges | 65 | €165 | €366 | +€201 | +121.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,118 | €16,053 | +€20,171 | |
| Profit (loss) for the period | 9904 | -€4,118 | €16,053 | +€20,171 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,118 | €16,053 | +€20,171 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.