GW Consulting 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.
GW Consulting Services
Largest movements
- Cash -€22,722
down €22,722 (-27.9%), from €81,475 to €58,753
mainly Contributions, distributions and other (-€60,000) and Tax, wage and social debts (-€2,823)
- Tangible fixed assets -€3,452
down €3,452 (-28.7%), from €12,046 to €8,594
- Reserves -€22,800
down €22,800 (-23.0%), from €99,300 to €76,500
- Tax, wage and social debts -€2,823
down €2,823 (-16.9%), from €16,709 to €13,886
- Financial income -€7,552
down €7,552 (-100%), from €7,552 to €0
- Gross operating margin +€3,716
up €3,716 (+7.4%), from €50,327 to €54,043
- Depreciation +€1,804
up €1,804 (+109%), from €1,648 to €3,452
- Taxes -€564
down €564 (-5.1%), from €11,062 to €10,498
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 | €120,543 | €95,439 | -€25,104 | -20.8% |
| Fixed assets | 21/28 | €12,046 | €8,594 | -€3,452 | -28.7% |
| Tangible fixed assets | 22/27 | €12,046 | €8,594 | -€3,452 | -28.7% |
| Furniture and vehicles | 24 | €12,046 | €8,594 | -€3,452 | -28.7% |
| Current assets | 29/58 | €108,496 | €86,845 | -€21,651 | -20.0% |
| Amounts receivable within one year | 40/41 | €27,021 | €28,092 | +€1,070 | +4.0% |
| Trade receivables | 40 | €26,166 | €26,620 | +€454 | +1.7% |
| Other amounts receivable | 41 | €855 | €1,472 | +€617 | +72.1% |
| Cash at bank and in hand | 54/58 | €81,475 | €58,753 | -€22,722 | -27.9% |
| Total equity and liabilities | 10/49 | €120,543 | €95,439 | -€25,104 | -20.8% |
| Equity | 10/15 | €103,576 | €81,114 | -€22,462 | -21.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €99,300 | €76,500 | -€22,800 | -23.0% |
| Distributable reserves | 133 | €99,300 | €76,500 | -€22,800 | -23.0% |
| Profit (loss) carried forward | 14 | €276 | €614 | +€338 | +122% |
| Amounts payable | 17/49 | €16,966 | €14,325 | -€2,641 | -15.6% |
| Amounts payable within one year | 42/48 | €16,966 | €14,325 | -€2,641 | -15.6% |
| Trade debts | 44 | €257 | €439 | +€182 | +70.7% |
| Suppliers | 440/4 | €257 | €439 | +€182 | +70.7% |
| Taxes, remuneration and social security | 45 | €16,709 | €13,886 | -€2,823 | -16.9% |
| Taxes | 450/3 | €16,709 | €13,886 | -€2,823 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,648 | €3,452 | +€1,804 | +109% |
| Other operating charges | 640/8 | €623 | €865 | +€242 | +38.9% |
| Gross operating margin | 9900 | €50,327 | €54,043 | +€3,716 | +7.4% |
| Operating profit (loss) | 9901 | €48,055 | €49,725 | +€1,670 | +3.5% |
| Financial income | 75/76B | €7,552 | €0 | -€7,552 | -100% |
| Recurring financial income | 75 | €7,552 | €0 | -€7,552 | -100% |
| Financial charges | 65/66B | €1,963 | €1,690 | -€274 | -13.9% |
| Recurring financial charges | 65 | €1,963 | €1,690 | -€274 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €53,644 | €48,036 | -€5,608 | -10.5% |
| Income taxes | 67/77 | €11,062 | €10,498 | -€564 | -5.1% |
| Profit (loss) for the period | 9904 | €42,582 | €37,538 | -€5,044 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €42,582 | €37,538 | -€5,044 | -11.8% |
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 25 October 2026 via checked.be.