GW CONSULTING: 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.
GW CONSULTING
Largest movements
- Receivables within one year -€52,039
down €52,039 (-49.0%), from €106,179 to €54,140
of which Trade receivables: -€60,636
- Cash +€44,193
up €44,193 (+261.5%), from €16,902 to €61,094
mainly Receivables within one year (+€52,039) and Net result for the year (+€44,107)
- Current investments +€24,715
up €24,715 (+340.3%), from €7,263 to €31,978
- Tangible fixed assets +€9,658
up €9,658 (+3.9%), from €250,035 to €259,693
of which Plant, machinery and equipment: +€35,631
- Profit (loss) carried forward +€47,646
up €47,646 (+66.7%), from €71,414 to €119,060
- Debts after one year -€28,535
down €28,535 (-15.3%), from €186,975 to €158,439
- Tax, wage and social debts +€11,980
up €11,980 (+40.4%), from €29,621 to €41,601
- Current portion of long-term debt -€4,739
down €4,739 (-10.6%), from €44,673 to €39,933
- Trade debts +€4,723
up €4,723 (+299.2%), from €1,578 to €6,301
- Financial charges +€11,281
up €11,281 (+215.3%), from €5,240 to €16,521
- Gross operating margin +€9,723
up €9,723 (+9.3%), from €104,506 to €114,229
- Depreciation -€4,603
down €4,603 (-10.5%), from €43,989 to €39,386
- Financial income +€1,355
up €1,355 (+175.1%), from €774 to €2,129
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 | €380,492 | €408,572 | +€28,080 | +7.4% |
| Fixed assets | 21/28 | €250,035 | €259,693 | +€9,658 | +3.9% |
| Tangible fixed assets | 22/27 | €250,035 | €259,693 | +€9,658 | +3.9% |
| Land and buildings | 22 | €195,656 | €170,788 | -€24,868 | -12.7% |
| Plant, machinery and equipment | 23 | €44,668 | €80,299 | +€35,631 | +79.8% |
| Furniture and vehicles | 24 | €9,712 | €8,606 | -€1,105 | -11.4% |
| Current assets | 29/58 | €130,457 | €148,878 | +€18,422 | +14.1% |
| Amounts receivable within one year | 40/41 | €106,179 | €54,140 | -€52,039 | -49.0% |
| Trade receivables | 40 | €60,636 | - | -€60,636 | |
| Other amounts receivable | 41 | €45,543 | €54,140 | +€8,597 | +18.9% |
| Current investments | 50/53 | €7,263 | €31,978 | +€24,715 | +340.3% |
| Cash at bank and in hand | 54/58 | €16,902 | €61,094 | +€44,193 | +261.5% |
| Deferred charges and accrued income | 490/1 | €113 | €1,666 | +€1,553 | +1376.0% |
| Total equity and liabilities | 10/49 | €380,492 | €408,572 | +€28,080 | +7.4% |
| Equity | 10/15 | €104,242 | €148,350 | +€44,107 | +42.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,628 | €23,090 | -€3,538 | -13.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,768 | €21,230 | -€3,538 | -14.3% |
| Profit (loss) carried forward | 14 | €71,414 | €119,060 | +€47,646 | +66.7% |
| Provisions and deferred taxes | 16 | €12,753 | €10,932 | -€1,822 | -14.3% |
| Deferred taxes | 168 | €12,753 | €10,932 | -€1,822 | -14.3% |
| Amounts payable | 17/49 | €263,496 | €249,290 | -€14,206 | -5.4% |
| Amounts payable after more than one year | 17 | €186,975 | €158,439 | -€28,535 | -15.3% |
| Financial debts | 170/4 | €186,975 | €158,439 | -€28,535 | -15.3% |
| Amounts payable within one year | 42/48 | €76,522 | €90,851 | +€14,330 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €44,673 | €39,933 | -€4,739 | -10.6% |
| Financial debts | 43 | - | €3,016 | +€3,016 | |
| Credit institutions | 430/8 | - | €3,016 | +€3,016 | |
| Trade debts | 44 | €1,578 | €6,301 | +€4,723 | +299.2% |
| Suppliers | 440/4 | €1,578 | €6,301 | +€4,723 | +299.2% |
| Taxes, remuneration and social security | 45 | €29,621 | €41,601 | +€11,980 | +40.4% |
| Taxes | 450/3 | €29,621 | €41,601 | +€11,980 | +40.4% |
| Other amounts payable | 47/48 | €650 | - | -€650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,989 | €39,386 | -€4,603 | -10.5% |
| Other operating charges | 640/8 | €3,622 | €3,735 | +€113 | +3.1% |
| Non-recurring operating charges | 66A | - | €185 | +€185 | |
| Gross operating margin | 9900 | €104,506 | €114,229 | +€9,723 | +9.3% |
| Operating profit (loss) | 9901 | €56,896 | €70,923 | +€14,027 | +24.7% |
| Financial income | 75/76B | €774 | €2,129 | +€1,355 | +175.1% |
| Recurring financial income | 75 | €774 | €2,129 | +€1,355 | +175.1% |
| Financial charges | 65/66B | €5,240 | €16,521 | +€11,281 | +215.3% |
| Recurring financial charges | 65 | €5,240 | €16,521 | +€11,281 | +215.3% |
| Profit (loss) for the period before taxes | 9903 | €52,430 | €56,532 | +€4,102 | +7.8% |
| Transfer from deferred taxes | 780 | €1,822 | €1,822 | = | 0.0% |
| Income taxes | 67/77 | €14,001 | €14,246 | +€245 | +1.8% |
| Profit (loss) for the period | 9904 | €40,251 | €44,107 | +€3,856 | +9.6% |
| Transfer from tax-exempt reserves | 789 | €3,538 | €3,538 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,789 | €47,646 | +€3,856 | +8.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.