HW ADVICE 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.
HW ADVICE CONSULTING
Largest movements
- Receivables within one year +€18,622
up €18,622 (+13.5%), from €137,780 to €156,402
of which Other amounts receivable: +€9,411
- Cash -€17,141
down €17,141 (-95.8%), from €17,900 to €759
mainly Receivables within one year (-€18,622) and Investment in fixed assets (net) (-€10,332)
- Tangible fixed assets +€6,481
up €6,481 (+216%), from €3,004 to €9,485
- Trade debts +€8,662
up €8,662 (+89.3%), from €9,698 to €18,361
- Tax, wage and social debts -€2,873
down €2,873 (-14.4%), from €19,924 to €17,051
- Profit (loss) carried forward +€2,172
up €2,172 (+2.1%), from €101,241 to €103,413
- Gross operating margin -€14,857
down €14,857 (-63.3%), from €23,470 to €8,613
- Taxes -€3,011
down €3,011 (-32.6%), from €9,223 to €6,212
- Depreciation +€2,660
up €2,660 (+223%), from €1,190 to €3,851
- Other operating charges +€1,868
up €1,868 (+215%), from €870 to €2,739
- Financial income +€1,651
up €1,651 (+32.2%), from €5,124 to €6,775
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.
Derived cash bridge
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 | €161,325 | €169,286 | +€7,962 | +4.9% |
| Fixed assets | 21/28 | €4,004 | €10,485 | +€6,481 | +162% |
| Tangible fixed assets | 22/27 | €3,004 | €9,485 | +€6,481 | +216% |
| Furniture and vehicles | 24 | €3,004 | €9,485 | +€6,481 | +216% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €157,320 | €158,801 | +€1,481 | +0.9% |
| Amounts receivable within one year | 40/41 | €137,780 | €156,402 | +€18,622 | +13.5% |
| Trade receivables | 40 | €29,065 | €38,276 | +€9,211 | +31.7% |
| Other amounts receivable | 41 | €108,715 | €118,126 | +€9,411 | +8.7% |
| Cash at bank and in hand | 54/58 | €17,900 | €759 | -€17,141 | -95.8% |
| Deferred charges and accrued income | 490/1 | €1,640 | €1,640 | = | 0.0% |
| Total equity and liabilities | 10/49 | €161,325 | €169,286 | +€7,962 | +4.9% |
| Equity | 10/15 | €121,702 | €123,874 | +€2,172 | +1.8% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €6,461 | €6,461 | = | 0.0% |
| 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 | €4,601 | €4,601 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,241 | €103,413 | +€2,172 | +2.1% |
| Amounts payable | 17/49 | €39,623 | €45,412 | +€5,790 | +14.6% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €29,623 | €35,412 | +€5,790 | +19.5% |
| Trade debts | 44 | €9,698 | €18,361 | +€8,662 | +89.3% |
| Suppliers | 440/4 | €9,698 | €18,361 | +€8,662 | +89.3% |
| Taxes, remuneration and social security | 45 | €19,924 | €17,051 | -€2,873 | -14.4% |
| Taxes | 450/3 | €19,924 | €17,051 | -€2,873 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,190 | €3,851 | +€2,660 | +223% |
| Other operating charges | 640/8 | €870 | €2,739 | +€1,868 | +215% |
| Gross operating margin | 9900 | €23,470 | €8,613 | -€14,857 | -63.3% |
| Operating profit (loss) | 9901 | €21,409 | €2,024 | -€19,385 | -90.5% |
| Financial income | 75/76B | €5,124 | €6,775 | +€1,651 | +32.2% |
| Recurring financial income | 75 | €5,124 | €6,775 | +€1,651 | +32.2% |
| Financial charges | 65/66B | €225 | €416 | +€190 | +84.5% |
| Recurring financial charges | 65 | €225 | €416 | +€190 | +84.5% |
| Profit (loss) for the period before taxes | 9903 | €26,308 | €8,383 | -€17,924 | -68.1% |
| Income taxes | 67/77 | €9,223 | €6,212 | -€3,011 | -32.6% |
| Profit (loss) for the period | 9904 | €17,085 | €2,172 | -€14,913 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,085 | €2,172 | -€14,913 | -87.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.