HW 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 CONSULTING
Largest movements
- Deferred charges and accrued income -€2,151
down €2,151 (-100%), from €2,151 to €0
- Cash -€776
down €776 (-43.2%), from €1,795 to €1,019
mainly Net result for the year (-€2,218) and Other debts (-€1,564)
- Receivables within one year -€770
down €770 (-100%), from €770 to €0
- Profit (loss) carried forward -€2,218
down €2,218 (-1.3%), from -€174,558 to -€176,776
- Other debts -€1,564
down €1,564 (-2.1%), from €73,109 to €71,545
- Gross operating margin -€1,170
down €1,170 (-42.7%), from €2,741 to €1,570
- Financial charges +€167
up €167 (+22.3%), from €746 to €913
- Other operating charges +€55
up €55 (+1.9%), from €2,821 to €2,875
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 | €76,713 | €73,016 | -€3,697 | -4.8% |
| Fixed assets | 21/28 | €71,997 | €71,997 | = | 0.0% |
| Tangible fixed assets | 22/27 | €71,997 | €71,997 | = | 0.0% |
| Land and buildings | 22 | €71,997 | €71,997 | = | 0.0% |
| Current assets | 29/58 | €4,716 | €1,019 | -€3,697 | -78.4% |
| Amounts receivable within one year | 40/41 | €770 | €0 | -€770 | -100% |
| Trade receivables | 40 | €770 | €0 | -€770 | -100% |
| Cash at bank and in hand | 54/58 | €1,795 | €1,019 | -€776 | -43.2% |
| Deferred charges and accrued income | 490/1 | €2,151 | €0 | -€2,151 | -100% |
| Total equity and liabilities | 10/49 | €76,713 | €73,016 | -€3,697 | -4.8% |
| Equity | 10/15 | €2,817 | €599 | -€2,218 | -78.7% |
| Contributions | 10/11 | €141,500 | €141,500 | = | 0.0% |
| Reserves | 13 | €35,875 | €35,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,636 | €13,636 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,636 | €13,636 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €7,239 | €7,239 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,558 | -€176,776 | -€2,218 | -1.3% |
| Amounts payable | 17/49 | €73,896 | €72,417 | -€1,479 | -2.0% |
| Amounts payable within one year | 42/48 | €73,896 | €72,417 | -€1,479 | -2.0% |
| Financial debts | 43 | €646 | €0 | -€646 | -100% |
| Credit institutions | 430/8 | €646 | €0 | -€646 | -100% |
| Trade debts | 44 | €99 | €730 | +€631 | +638% |
| Suppliers | 440/4 | €99 | €730 | +€631 | +638% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €42 | €142 | +€101 | +242% |
| Taxes | 450/3 | €42 | €142 | +€101 | +242% |
| Other amounts payable | 47/48 | €73,109 | €71,545 | -€1,564 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €2,821 | €2,875 | +€55 | +1.9% |
| Gross operating margin | 9900 | €2,741 | €1,570 | -€1,170 | -42.7% |
| Operating profit (loss) | 9901 | -€80 | -€1,305 | -€1,225 | -1,529% |
| Financial charges | 65/66B | €746 | €913 | +€167 | +22.3% |
| Recurring financial charges | 65 | €746 | €913 | +€167 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | -€826 | -€2,218 | -€1,392 | -168% |
| Profit (loss) for the period | 9904 | -€826 | -€2,218 | -€1,392 | -168% |
| Profit (loss) for the period to be appropriated | 9905 | -€826 | -€2,218 | -€1,392 | -168% |
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.