GUWA 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.
GUWA Consulting
Largest movements
- Cash +€15,581
up €15,581 (+15.3%), from €101,780 to €117,362
mainly Other debts (+€40,353) and Net result for the year (+€17,865)
- Receivables within one year +€2,580
up €2,580 (+19.1%), from €13,475 to €16,055
of which Other amounts receivable: +€1,417
- Tangible fixed assets -€2,267
down €2,267 (-32.0%), from €7,076 to €4,809
of which Furniture and vehicles: -€1,467
- Other debts +€40,353
up €40,353 (+1,061%), from €3,804 to €44,157
- Reserves -€26,951
down €26,951 (-29.7%), from €90,860 to €63,909
- Tax, wage and social debts +€2,542
up €2,542 (+32.0%), from €7,940 to €10,481
- Gross operating margin -€6,883
down €6,883 (-18.9%), from €36,507 to €29,624
- Taxes -€2,956
down €2,956 (-32.9%), from €8,975 to €6,019
- Depreciation -€1,581
down €1,581 (-41.1%), from €3,847 to €2,267
- Other operating charges -€1,136
down €1,136 (-68.5%), from €1,660 to €523
- Financial charges +€795
up €795 (+36.9%), from €2,156 to €2,950
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 | €124,170 | €141,075 | +€16,905 | +13.6% |
| Fixed assets | 21/28 | €7,076 | €4,809 | -€2,267 | -32.0% |
| Tangible fixed assets | 22/27 | €7,076 | €4,809 | -€2,267 | -32.0% |
| Plant, machinery and equipment | 23 | €4,763 | €3,963 | -€800 | -16.8% |
| Furniture and vehicles | 24 | €2,313 | €846 | -€1,467 | -63.4% |
| Current assets | 29/58 | €117,094 | €136,266 | +€19,172 | +16.4% |
| Amounts receivable within one year | 40/41 | €13,475 | €16,055 | +€2,580 | +19.1% |
| Trade receivables | 40 | €12,486 | €13,649 | +€1,163 | +9.3% |
| Other amounts receivable | 41 | €989 | €2,406 | +€1,417 | +143% |
| Cash at bank and in hand | 54/58 | €101,780 | €117,362 | +€15,581 | +15.3% |
| Deferred charges and accrued income | 490/1 | €1,838 | €2,849 | +€1,011 | +55.0% |
| Total equity and liabilities | 10/49 | €124,170 | €141,075 | +€16,905 | +13.6% |
| Equity | 10/15 | €109,460 | €82,509 | -€26,951 | -24.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €90,860 | €63,909 | -€26,951 | -29.7% |
| Distributable reserves | 133 | €90,860 | €63,909 | -€26,951 | -29.7% |
| Amounts payable | 17/49 | €14,710 | €58,567 | +€43,857 | +298% |
| Amounts payable within one year | 42/48 | €14,710 | €58,567 | +€43,857 | +298% |
| Trade debts | 44 | €2,967 | €3,929 | +€962 | +32.4% |
| Suppliers | 440/4 | €2,967 | €3,929 | +€962 | +32.4% |
| Taxes, remuneration and social security | 45 | €7,940 | €10,481 | +€2,542 | +32.0% |
| Taxes | 450/3 | €7,940 | €10,481 | +€2,542 | +32.0% |
| Other amounts payable | 47/48 | €3,804 | €44,157 | +€40,353 | +1,061% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,847 | €2,267 | -€1,581 | -41.1% |
| Other operating charges | 640/8 | €1,660 | €523 | -€1,136 | -68.5% |
| Gross operating margin | 9900 | €36,507 | €29,624 | -€6,883 | -18.9% |
| Operating profit (loss) | 9901 | €31,001 | €26,834 | -€4,166 | -13.4% |
| Financial income | 75/76B | €21 | €0 | -€21 | -99.9% |
| Recurring financial income | 75 | €21 | €0 | -€21 | -99.9% |
| Financial charges | 65/66B | €2,156 | €2,950 | +€795 | +36.9% |
| Recurring financial charges | 65 | €2,156 | €2,950 | +€795 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €28,865 | €23,884 | -€4,981 | -17.3% |
| Income taxes | 67/77 | €8,975 | €6,019 | -€2,956 | -32.9% |
| Profit (loss) for the period | 9904 | €19,890 | €17,865 | -€2,025 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,890 | €17,865 | -€2,025 | -10.2% |
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 27 October 2026 via checked.be.