IWS 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.
IWS Consult
Largest movements
- Financial fixed assets +€82,500
up €82,500 (+9.1%), from €910,000 to €992,500
- Cash -€34,992
down €34,992 (-29.2%), from €119,921 to €84,929
mainly Debts after one year (-€100,916) and Investment in fixed assets (net) (-€82,500)
- Profit (loss) carried forward +€165,966
up €165,966 (+46.3%), from €358,704 to €524,670
- Debts after one year -€100,916
down €100,916 (-23.7%), from €426,676 to €325,760
- Tax, wage and social debts -€22,745
down €22,745 (-47.1%), from €48,318 to €25,573
- Financial income -€17,824
down €17,824 (-24.0%), from €74,404 to €56,580
- Gross operating margin -€14,734
down €14,734 (-7.9%), from €186,181 to €171,447
- Financial charges -€3,674
down €3,674 (-13.4%), from €27,480 to €23,806
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 | €1,041,113 | €1,090,266 | +€49,153 | +4.7% |
| Fixed assets | 21/28 | €910,000 | €992,500 | +€82,500 | +9.1% |
| Financial fixed assets | 28 | €910,000 | €992,500 | +€82,500 | +9.1% |
| Current assets | 29/58 | €131,113 | €97,766 | -€33,347 | -25.4% |
| Cash at bank and in hand | 54/58 | €119,921 | €84,929 | -€34,992 | -29.2% |
| Deferred charges and accrued income | 490/1 | €11,192 | €12,837 | +€1,645 | +14.7% |
| Total equity and liabilities | 10/49 | €1,041,113 | €1,090,266 | +€49,153 | +4.7% |
| Equity | 10/15 | €361,704 | €527,670 | +€165,966 | +45.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €358,704 | €524,670 | +€165,966 | +46.3% |
| Amounts payable | 17/49 | €679,409 | €562,596 | -€116,813 | -17.2% |
| Amounts payable after more than one year | 17 | €426,676 | €325,760 | -€100,916 | -23.7% |
| Financial debts | 170/4 | €426,676 | €325,760 | -€100,916 | -23.7% |
| Amounts payable within one year | 42/48 | €252,733 | €235,646 | -€17,088 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €178,041 | €185,060 | +€7,019 | +3.9% |
| Trade debts | 44 | €2,088 | €1,294 | -€794 | -38.0% |
| Suppliers | 440/4 | €2,088 | €1,294 | -€794 | -38.0% |
| Taxes, remuneration and social security | 45 | €48,318 | €25,573 | -€22,745 | -47.1% |
| Taxes | 450/3 | €48,318 | €25,573 | -€22,745 | -47.1% |
| Other amounts payable | 47/48 | €24,286 | €23,718 | -€568 | -2.3% |
| Accrued charges and deferred income | 492/3 | - | €1,190 | +€1,190 | |
| Other operating charges | 640/8 | €695 | €1,372 | +€678 | +97.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €186,181 | €171,447 | -€14,734 | -7.9% |
| Operating profit (loss) | 9901 | €185,486 | €170,075 | -€15,411 | -8.3% |
| Financial income | 75/76B | €74,404 | €56,580 | -€17,824 | -24.0% |
| Recurring financial income | 75 | €74,404 | €56,580 | -€17,824 | -24.0% |
| Financial charges | 65/66B | €27,480 | €23,806 | -€3,674 | -13.4% |
| Recurring financial charges | 65 | €27,480 | €23,806 | -€3,674 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €232,410 | €202,849 | -€29,561 | -12.7% |
| Income taxes | 67/77 | €35,443 | €36,883 | +€1,440 | +4.1% |
| Profit (loss) for the period | 9904 | €196,967 | €165,966 | -€31,001 | -15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €196,967 | €165,966 | -€31,001 | -15.7% |
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 10 October 2026 via checked.be.