IW Consult: 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.
IW Consult
Largest movements
- Receivables after one year -€17,643
down €17,643 (-81.7%), from €21,589 to €3,946
- Receivables within one year +€7,446
up €7,446 (+63.0%), from €11,820 to €19,266
of which Trade receivables: +€7,501
- Deferred charges and accrued income -€4,336
down €4,336 (-52.8%), from €8,219 to €3,883
- Other debts -€7,819
down €7,819 (-91.4%), from €8,551 to €732
- Tax, wage and social debts -€5,921
down €5,921 (-25.9%), from €22,883 to €16,963
of which Taxes: -€4,771
- Trade debts -€1,444
down €1,444 (-43.8%), from €3,301 to €1,857
- Profit (loss) carried forward +€1,068
up €1,068 (+14.7%), from -€7,273 to -€6,205
- Gross operating margin +€3,854
up €3,854 (+15.3%), from €25,261 to €29,115
- Other operating charges -€1,678
down €1,678 (-46.8%), from €3,590 to €1,911
- Financial charges +€1,087
up €1,087 (+42.5%), from €2,558 to €3,645
- Staff costs +€843
up €843 (+4.3%), from €19,791 to €20,634
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 | €42,203 | €27,653 | -€14,550 | -34.5% |
| Fixed assets | 21/28 | €465 | €465 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Financial fixed assets | 28 | €465 | €465 | = | 0.0% |
| Current assets | 29/58 | €41,738 | €27,188 | -€14,550 | -34.9% |
| Amounts receivable after more than one year | 29 | €21,589 | €3,946 | -€17,643 | -81.7% |
| Other amounts receivable | 291 | €21,589 | €3,946 | -€17,643 | -81.7% |
| Amounts receivable within one year | 40/41 | €11,820 | €19,266 | +€7,446 | +63.0% |
| Trade receivables | 40 | €11,750 | €19,251 | +€7,501 | +63.8% |
| Other amounts receivable | 41 | €70 | €15 | -€55 | -78.2% |
| Cash at bank and in hand | 54/58 | €111 | €94 | -€17 | -15.5% |
| Deferred charges and accrued income | 490/1 | €8,219 | €3,883 | -€4,336 | -52.8% |
| Total equity and liabilities | 10/49 | €42,203 | €27,653 | -€14,550 | -34.5% |
| Equity | 10/15 | -€2,414 | -€1,345 | +€1,068 | +44.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,273 | -€6,205 | +€1,068 | +14.7% |
| Amounts payable | 17/49 | €44,617 | €28,998 | -€15,618 | -35.0% |
| Amounts payable within one year | 42/48 | €44,229 | €28,998 | -€15,231 | -34.4% |
| Financial debts | 43 | €9,494 | €9,447 | -€47 | -0.5% |
| Credit institutions | 430/8 | €9,494 | €9,447 | -€47 | -0.5% |
| Trade debts | 44 | €3,301 | €1,857 | -€1,444 | -43.8% |
| Suppliers | 440/4 | €3,301 | €1,857 | -€1,444 | -43.8% |
| Taxes, remuneration and social security | 45 | €22,883 | €16,963 | -€5,921 | -25.9% |
| Taxes | 450/3 | €16,394 | €11,624 | -€4,771 | -29.1% |
| Remuneration and social security | 454/9 | €6,489 | €5,339 | -€1,150 | -17.7% |
| Other amounts payable | 47/48 | €8,551 | €732 | -€7,819 | -91.4% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Remuneration, social security and pensions | 62 | €19,791 | €20,634 | +€843 | +4.3% |
| Other operating charges | 640/8 | €3,590 | €1,911 | -€1,678 | -46.8% |
| Non-recurring operating charges | 66A | €151 | - | -€151 | |
| Gross operating margin | 9900 | €25,261 | €29,115 | +€3,854 | +15.3% |
| Operating profit (loss) | 9901 | €1,730 | €6,569 | +€4,839 | +280% |
| Financial income | 75/76B | €500 | €466 | -€33 | -6.7% |
| Recurring financial income | 75 | €500 | €466 | -€33 | -6.7% |
| Financial charges | 65/66B | €2,558 | €3,645 | +€1,087 | +42.5% |
| Recurring financial charges | 65 | €2,558 | €3,645 | +€1,087 | +42.5% |
| Profit (loss) for the period before taxes | 9903 | -€328 | €3,391 | +€3,719 | |
| Income taxes | 67/77 | €2,406 | €2,323 | -€84 | -3.5% |
| Profit (loss) for the period | 9904 | -€2,735 | €1,068 | +€3,803 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,735 | €1,068 | +€3,803 |
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 16 October 2026 via checked.be.