FWI MANAGEMENT: 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.
FWI MANAGEMENT
Largest movements
- Cash +€33,374
up €33,374 (+417.5%), from €7,993 to €41,367
mainly Receivables within one year (+€31,198) and Depreciation (+€2,495)
- Receivables within one year -€31,198
down €31,198 (-57.1%), from €54,648 to €23,450
- Tangible fixed assets -€2,495
down €2,495 (-94.7%), from €2,635 to €140
- Tax, wage and social debts -€1,885
down €1,885 (-6.9%), from €27,244 to €25,359
of which Remuneration and social security: -€952
- Other debts +€1,259
up €1,259 (+77.7%), from €1,620 to €2,879
- Profit (loss) carried forward +€1,130
up €1,130 (+7.5%), from €15,065 to €16,195
- Depreciation -€3,589
down €3,589 (-59.0%), from €6,084 to €2,495
- Staff costs +€2,069
up €2,069 (+6.3%), from €33,065 to €35,134
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 | €66,774 | €66,641 | -€133 | -0.2% |
| Fixed assets | 21/28 | €2,635 | €140 | -€2,495 | -94.7% |
| Tangible fixed assets | 22/27 | €2,635 | €140 | -€2,495 | -94.7% |
| Furniture and vehicles | 24 | €2,635 | €140 | -€2,495 | -94.7% |
| Current assets | 29/58 | €64,139 | €66,501 | +€2,362 | +3.7% |
| Amounts receivable within one year | 40/41 | €54,648 | €23,450 | -€31,198 | -57.1% |
| Trade receivables | 40 | €54,648 | €23,450 | -€31,198 | -57.1% |
| Cash at bank and in hand | 54/58 | €7,993 | €41,367 | +€33,374 | +417.5% |
| Deferred charges and accrued income | 490/1 | €1,498 | €1,684 | +€185 | +12.4% |
| Total equity and liabilities | 10/49 | €66,774 | €66,641 | -€133 | -0.2% |
| Equity | 10/15 | €36,426 | €37,555 | +€1,130 | +3.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €8,960 | €8,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,960 | €8,960 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,960 | €8,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,065 | €16,195 | +€1,130 | +7.5% |
| Amounts payable | 17/49 | €30,348 | €29,086 | -€1,263 | -4.2% |
| Amounts payable within one year | 42/48 | €30,259 | €28,996 | -€1,263 | -4.2% |
| Trade debts | 44 | €1,395 | €758 | -€637 | -45.6% |
| Suppliers | 440/4 | €1,395 | €758 | -€637 | -45.6% |
| Taxes, remuneration and social security | 45 | €27,244 | €25,359 | -€1,885 | -6.9% |
| Taxes | 450/3 | €19,407 | €18,474 | -€933 | -4.8% |
| Remuneration and social security | 454/9 | €7,837 | €6,885 | -€952 | -12.1% |
| Other amounts payable | 47/48 | €1,620 | €2,879 | +€1,259 | +77.7% |
| Accrued charges and deferred income | 492/3 | €90 | €90 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €33,065 | €35,134 | +€2,069 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,084 | €2,495 | -€3,589 | -59.0% |
| Other operating charges | 640/8 | €820 | €952 | +€131 | +16.0% |
| Gross operating margin | 9900 | €40,265 | €39,959 | -€306 | -0.8% |
| Operating profit (loss) | 9901 | €295 | €1,379 | +€1,083 | +366.7% |
| Financial charges | 65/66B | €75 | €75 | -€0 | -0.5% |
| Recurring financial charges | 65 | €75 | €75 | -€0 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €220 | €1,304 | +€1,084 | +492.0% |
| Income taxes | 67/77 | €170 | €174 | +€4 | +2.6% |
| Profit (loss) for the period | 9904 | €50 | €1,130 | +€1,079 | +2141.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50 | €1,130 | +€1,079 | +2141.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.