NLW 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.
NLW CONSULT
Largest movements
- Receivables within one year -€44,174
down €44,174 (-63.9%), from €69,174 to €25,000
- Cash +€39,174
up €39,174 (+472%), from €8,297 to €47,471
mainly Receivables within one year (+€44,174) and Net result for the year (+€38,916)
- Current investments +€12,000
up €12,000 (+17.9%), from €67,000 to €79,000
- Tangible fixed assets -€5,279
down €5,279 (-1.7%), from €312,790 to €307,511
- Reserves +€38,916
up €38,916 (+39.3%), from €99,125 to €138,041
- Debts after one year -€14,928
down €14,928 (-7.2%), from €207,473 to €192,545
- Other debts -€12,987
down €12,987 (-14.1%), from €91,888 to €78,901
- Tax, wage and social debts -€8,458
down €8,458 (-48.8%), from €17,324 to €8,866
of which Remuneration and social security: -€14,425
- Staff costs -€44,432
down €44,432 (-61.4%), from €72,404 to €27,972
- Gross operating margin -€16,850
down €16,850 (-15.1%), from €111,684 to €94,834
- Taxes +€5,158
up €5,158 (+81.5%), from €6,332 to €11,490
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 | €458,314 | €458,983 | +€668 | +0.1% |
| Fixed assets | 21/28 | €312,790 | €307,511 | -€5,279 | -1.7% |
| Tangible fixed assets | 22/27 | €312,790 | €307,511 | -€5,279 | -1.7% |
| Land and buildings | 22 | €312,790 | €307,511 | -€5,279 | -1.7% |
| Current assets | 29/58 | €145,524 | €151,471 | +€5,947 | +4.1% |
| Amounts receivable within one year | 40/41 | €69,174 | €25,000 | -€44,174 | -63.9% |
| Trade receivables | 40 | €69,174 | €25,000 | -€44,174 | -63.9% |
| Current investments | 50/53 | €67,000 | €79,000 | +€12,000 | +17.9% |
| Cash at bank and in hand | 54/58 | €8,297 | €47,471 | +€39,174 | +472% |
| Deferred charges and accrued income | 490/1 | €1,054 | - | -€1,054 | |
| Total equity and liabilities | 10/49 | €458,314 | €458,983 | +€668 | +0.1% |
| Equity | 10/15 | €119,125 | €158,041 | +€38,916 | +32.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €99,125 | €138,041 | +€38,916 | +39.3% |
| Distributable reserves | 133 | €99,125 | €138,041 | +€38,916 | +39.3% |
| Amounts payable | 17/49 | €339,190 | €300,942 | -€38,248 | -11.3% |
| Amounts payable after more than one year | 17 | €207,473 | €192,545 | -€14,928 | -7.2% |
| Financial debts | 170/4 | €207,473 | €192,545 | -€14,928 | -7.2% |
| Amounts payable within one year | 42/48 | €131,716 | €107,471 | -€24,245 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €16,254 | €16,627 | +€373 | +2.3% |
| Trade debts | 44 | €6,250 | €3,078 | -€3,172 | -50.8% |
| Suppliers | 440/4 | €6,250 | €3,078 | -€3,172 | -50.8% |
| Taxes, remuneration and social security | 45 | €17,324 | €8,866 | -€8,458 | -48.8% |
| Taxes | 450/3 | €2,899 | €8,866 | +€5,967 | +206% |
| Remuneration and social security | 454/9 | €14,425 | - | -€14,425 | |
| Other amounts payable | 47/48 | €91,888 | €78,901 | -€12,987 | -14.1% |
| Accrued charges and deferred income | 492/3 | - | €925 | +€925 | |
| Remuneration, social security and pensions | 62 | €72,404 | €27,972 | -€44,432 | -61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,279 | €5,279 | = | 0.0% |
| Other operating charges | 640/8 | €1,456 | €2,356 | +€900 | +61.8% |
| Gross operating margin | 9900 | €111,684 | €94,834 | -€16,850 | -15.1% |
| Operating profit (loss) | 9901 | €32,546 | €59,227 | +€26,681 | +82.0% |
| Financial income | 75/76B | €1,650 | €1,343 | -€307 | -18.6% |
| Recurring financial income | 75 | €1,650 | €1,343 | -€307 | -18.6% |
| Financial charges | 65/66B | €10,461 | €10,164 | -€297 | -2.8% |
| Recurring financial charges | 65 | €10,461 | €10,164 | -€297 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €23,735 | €50,406 | +€26,672 | +112% |
| Income taxes | 67/77 | €6,332 | €11,490 | +€5,158 | +81.5% |
| Profit (loss) for the period | 9904 | €17,403 | €38,916 | +€21,513 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €17,403 | €38,916 | +€21,513 | +124% |
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 14 October 2026 via checked.be.