M.W. CONSEIL: 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.
M.W. CONSEIL
Largest movements
- Cash +€25,872
up €25,872 (+658%), from €3,933 to €29,805
mainly Other debts (+€42,012) and Net result for the year (+€15,606)
- Tangible fixed assets -€8,154
down €8,154 (-87.0%), from €9,374 to €1,220
- Other debts +€42,012
new in 2025: €42,012
- Reserves -€29,500
down €29,500 (-35.8%), from €82,359 to €52,859
- Tax, wage and social debts +€10,178
up €10,178 (+63.0%), from €16,156 to €26,334
- Trade debts -€5,543
no longer reported in 2025 (was €5,543)
- Gross operating margin -€3,181
down €3,181 (-8.4%), from €37,739 to €34,558
- Other operating charges -€3,118
down €3,118 (-57.5%), from €5,422 to €2,304
- Financial income +€1,103
up €1,103 (+115%), from €955 to €2,058
- Taxes +€1,040
up €1,040 (+11.1%), from €9,340 to €10,380
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 | €207,798 | €224,163 | +€16,365 | +7.9% |
| Fixed assets | 21/28 | €9,374 | €1,220 | -€8,154 | -87.0% |
| Tangible fixed assets | 22/27 | €9,374 | €1,220 | -€8,154 | -87.0% |
| Furniture and vehicles | 24 | €9,374 | €1,220 | -€8,154 | -87.0% |
| Current assets | 29/58 | €198,424 | €222,943 | +€24,519 | +12.4% |
| Amounts receivable within one year | 40/41 | €93,469 | €91,448 | -€2,021 | -2.2% |
| Trade receivables | 40 | €70,733 | €59,874 | -€10,859 | -15.4% |
| Other amounts receivable | 41 | €22,736 | €31,574 | +€8,838 | +38.9% |
| Current investments | 50/53 | €100,000 | €100,627 | +€627 | +0.6% |
| Cash at bank and in hand | 54/58 | €3,933 | €29,805 | +€25,872 | +658% |
| Deferred charges and accrued income | 490/1 | €1,022 | €1,063 | +€41 | +4.0% |
| Total equity and liabilities | 10/49 | €207,798 | €224,163 | +€16,365 | +7.9% |
| Equity | 10/15 | €184,711 | €155,817 | -€28,894 | -15.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €82,359 | €52,859 | -€29,500 | -35.8% |
| Distributable reserves | 133 | €82,359 | €52,859 | -€29,500 | -35.8% |
| Profit (loss) carried forward | 14 | €96,155 | €96,761 | +€606 | +0.6% |
| Amounts payable | 17/49 | €23,087 | €68,346 | +€45,259 | +196% |
| Amounts payable within one year | 42/48 | €23,087 | €68,346 | +€45,259 | +196% |
| Current portion of amounts payable after more than one year | 42 | €1,388 | - | -€1,388 | |
| Trade debts | 44 | €5,543 | - | -€5,543 | |
| Suppliers | 440/4 | €5,543 | - | -€5,543 | |
| Taxes, remuneration and social security | 45 | €16,156 | €26,334 | +€10,178 | +63.0% |
| Taxes | 450/3 | €16,156 | €26,334 | +€10,178 | +63.0% |
| Other amounts payable | 47/48 | - | €42,012 | +€42,012 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,154 | €8,154 | = | 0.0% |
| Other operating charges | 640/8 | €5,422 | €2,304 | -€3,118 | -57.5% |
| Gross operating margin | 9900 | €37,739 | €34,558 | -€3,181 | -8.4% |
| Operating profit (loss) | 9901 | €24,163 | €24,100 | -€63 | -0.3% |
| Financial income | 75/76B | €955 | €2,058 | +€1,103 | +115% |
| Recurring financial income | 75 | €955 | €2,058 | +€1,103 | +115% |
| Financial charges | 65/66B | €370 | €172 | -€198 | -53.5% |
| Recurring financial charges | 65 | €370 | €172 | -€198 | -53.5% |
| Profit (loss) for the period before taxes | 9903 | €24,748 | €25,986 | +€1,238 | +5.0% |
| Income taxes | 67/77 | €9,340 | €10,380 | +€1,040 | +11.1% |
| Profit (loss) for the period | 9904 | €15,408 | €15,606 | +€198 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,408 | €15,606 | +€198 | +1.3% |
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 27 October 2026 via checked.be.