GWA 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.
GWA Consulting
Largest movements
- Receivables within one year +€68,898
up €68,898 (+373%), from €18,486 to €87,384
of which Trade receivables: +€64,898
- Cash +€59,323
up €59,323 (+52.4%), from €113,136 to €172,459
mainly Net result for the year (+€113,353) and Debts after one year (+€48,492)
- Tangible fixed assets +€12,899
up €12,899 (+102%), from €12,599 to €25,498
of which Other tangible fixed assets: +€11,440
- Receivables after one year -€10,250
no longer reported in 2025 (was €10,250)
- Reserves +€53,353
up €53,353 (+38.0%), from €140,472 to €193,826
- Debts after one year +€48,492
up €48,492 (+13,573%), from €357 to €48,850
- Tax, wage and social debts +€20,682
up €20,682 (+251%), from €8,225 to €28,907
of which Taxes: +€20,432
- Accrued charges and deferred income +€9,873
up €9,873 (+456%), from €2,166 to €12,038
- Gross operating margin +€36,294
up €36,294 (+31.4%), from €115,514 to €151,808
- Taxes +€8,690
up €8,690 (+34.2%), from €25,432 to €34,122
- Financial charges +€1,788
up €1,788 (+1,542%), from €116 to €1,904
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 | €154,493 | €285,455 | +€130,962 | +84.8% |
| Fixed assets | 21/28 | €12,599 | €25,498 | +€12,899 | +102% |
| Tangible fixed assets | 22/27 | €12,599 | €25,498 | +€12,899 | +102% |
| Plant, machinery and equipment | 23 | €2,753 | €2,140 | -€612 | -22.2% |
| Furniture and vehicles | 24 | €9,846 | €11,918 | +€2,072 | +21.0% |
| Other tangible fixed assets | 26 | - | €11,440 | +€11,440 | |
| Current assets | 29/58 | €141,894 | €259,958 | +€118,063 | +83.2% |
| Amounts receivable after more than one year | 29 | €10,250 | - | -€10,250 | |
| Other amounts receivable | 291 | €10,250 | - | -€10,250 | |
| Amounts receivable within one year | 40/41 | €18,486 | €87,384 | +€68,898 | +373% |
| Trade receivables | 40 | €12,612 | €77,510 | +€64,898 | +515% |
| Other amounts receivable | 41 | €5,874 | €9,874 | +€4,000 | +68.1% |
| Cash at bank and in hand | 54/58 | €113,136 | €172,459 | +€59,323 | +52.4% |
| Deferred charges and accrued income | 490/1 | €23 | €115 | +€92 | +411% |
| Total equity and liabilities | 10/49 | €154,493 | €285,455 | +€130,962 | +84.8% |
| Equity | 10/15 | €141,972 | €195,326 | +€53,353 | +37.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €140,472 | €193,826 | +€53,353 | +38.0% |
| Distributable reserves | 133 | €140,472 | €193,826 | +€53,353 | +38.0% |
| Amounts payable | 17/49 | €12,521 | €90,130 | +€77,609 | +620% |
| Amounts payable after more than one year | 17 | €357 | €48,850 | +€48,492 | +13,573% |
| Other amounts payable | 178/9 | €357 | €48,850 | +€48,492 | +13,573% |
| Amounts payable within one year | 42/48 | €9,998 | €29,242 | +€19,244 | +192% |
| Trade debts | 44 | €1,086 | €335 | -€751 | -69.1% |
| Suppliers | 440/4 | €1,086 | €335 | -€751 | -69.1% |
| Taxes, remuneration and social security | 45 | €8,225 | €28,907 | +€20,682 | +251% |
| Taxes | 450/3 | €6,975 | €27,407 | +€20,432 | +293% |
| Remuneration and social security | 454/9 | €1,250 | €1,500 | +€250 | +20.0% |
| Other amounts payable | 47/48 | €687 | - | -€687 | |
| Accrued charges and deferred income | 492/3 | €2,166 | €12,038 | +€9,873 | +456% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,308 | €2,248 | -€60 | -2.6% |
| Other operating charges | 640/8 | €242 | €186 | -€56 | -23.2% |
| Gross operating margin | 9900 | €115,514 | €151,808 | +€36,294 | +31.4% |
| Operating profit (loss) | 9901 | €112,964 | €149,374 | +€36,410 | +32.2% |
| Financial income | 75/76B | €1,330 | €6 | -€1,325 | -99.6% |
| Recurring financial income | 75 | €1,330 | €6 | -€1,325 | -99.6% |
| Financial charges | 65/66B | €116 | €1,904 | +€1,788 | +1,542% |
| Recurring financial charges | 65 | €116 | €1,904 | +€1,788 | +1,542% |
| Profit (loss) for the period before taxes | 9903 | €114,178 | €147,475 | +€33,297 | +29.2% |
| Income taxes | 67/77 | €25,432 | €34,122 | +€8,690 | +34.2% |
| Profit (loss) for the period | 9904 | €88,746 | €113,353 | +€24,607 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €88,746 | €113,353 | +€24,607 | +27.7% |
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 29 October 2026 via checked.be.