IWConsultancy: what changed
Two fiscal 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.
IWConsultancy
Largest movements
- Cash -€17,056
down €17,056 (-38.4%), from €44,447 to €27,392
mainly Net result for the year (-€9,291) and Investment in fixed assets (net) (-€7,687)
- Tangible fixed assets +€4,814
up €4,814 (+55.7%), from €8,645 to €13,459
- Receivables within one year +€1,493
up €1,493 (+10.2%), from €14,707 to €16,200
of which Other amounts receivable: +€5,973
- Deferred charges and accrued income -€1,306
down €1,306 (-12.9%), from €10,092 to €8,786
- Profit (loss) carried forward -€9,291
new in 2025: -€9,291
- Trade debts -€2,406
down €2,406 (-27.2%), from €8,849 to €6,443
- Tax, wage and social debts +€951
up €951 (+6.3%), from €15,035 to €15,986
- Short-term financial debts -€860
down €860 (-100.0%), from €860 to €0
- Gross operating margin -€72,106
down €72,106, from €70,876 to -€1,230
- Taxes -€14,167
down €14,167 (-94.2%), from €15,035 to €868
- Financial charges +€3,234
up €3,234 (+394.8%), from €819 to €4,054
- Depreciation -€891
down €891 (-23.7%), from €3,764 to €2,873
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.
Cash bridge derived
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 | €77,891 | €65,836 | -€12,055 | -15.5% |
| Fixed assets | 21/28 | €8,645 | €13,459 | +€4,814 | +55.7% |
| Tangible fixed assets | 22/27 | €8,645 | €13,459 | +€4,814 | +55.7% |
| Furniture and vehicles | 24 | €8,645 | €13,459 | +€4,814 | +55.7% |
| Current assets | 29/58 | €69,246 | €52,377 | -€16,869 | -24.4% |
| Amounts receivable within one year | 40/41 | €14,707 | €16,200 | +€1,493 | +10.2% |
| Trade receivables | 40 | €11,200 | €6,720 | -€4,480 | -40.0% |
| Other amounts receivable | 41 | €3,507 | €9,480 | +€5,973 | +170.3% |
| Cash at bank and in hand | 54/58 | €44,447 | €27,392 | -€17,056 | -38.4% |
| Deferred charges and accrued income | 490/1 | €10,092 | €8,786 | -€1,306 | -12.9% |
| Total equity and liabilities | 10/49 | €77,891 | €65,836 | -€12,055 | -15.5% |
| Equity | 10/15 | €51,509 | €42,218 | -€9,291 | -18.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €50,509 | €50,509 | = | 0.0% |
| Distributable reserves | 133 | €50,509 | €50,509 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,291 | -€9,291 | |
| Amounts payable | 17/49 | €26,382 | €23,619 | -€2,764 | -10.5% |
| Amounts payable within one year | 42/48 | €25,145 | €22,429 | -€2,716 | -10.8% |
| Financial debts | 43 | €860 | €0 | -€860 | -100.0% |
| Credit institutions | 430/8 | €860 | €0 | -€860 | -100.0% |
| Trade debts | 44 | €8,849 | €6,443 | -€2,406 | -27.2% |
| Suppliers | 440/4 | €8,849 | €6,443 | -€2,406 | -27.2% |
| Taxes, remuneration and social security | 45 | €15,035 | €15,986 | +€951 | +6.3% |
| Taxes | 450/3 | €15,035 | €15,986 | +€951 | +6.3% |
| Other amounts payable | 47/48 | €401 | €0 | -€401 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,238 | €1,190 | -€48 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,764 | €2,873 | -€891 | -23.7% |
| Other operating charges | 640/8 | €549 | €466 | -€83 | -15.1% |
| Non-recurring operating charges | 66A | €331 | €0 | -€331 | -100.0% |
| Gross operating margin | 9900 | €70,876 | -€1,230 | -€72,106 | |
| Operating profit (loss) | 9901 | €66,231 | -€4,568 | -€70,800 | |
| Financial income | 75/76B | €132 | €199 | +€67 | +50.9% |
| Recurring financial income | 75 | €132 | €199 | +€67 | +50.9% |
| Financial charges | 65/66B | €819 | €4,054 | +€3,234 | +394.8% |
| Recurring financial charges | 65 | €819 | €4,054 | +€3,234 | +394.8% |
| Profit (loss) for the period before taxes | 9903 | €65,544 | -€8,423 | -€73,967 | |
| Income taxes | 67/77 | €15,035 | €868 | -€14,167 | -94.2% |
| Profit (loss) for the period | 9904 | €50,509 | -€9,291 | -€59,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,509 | -€9,291 | -€59,800 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.