P&W 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.
P&W CONSULT
Largest movements
- Cash -€25,712
down €25,712 (-58.5%), from €43,927 to €18,215
mainly Other debts (-€45,197) and Investment in fixed assets (net) (-€17,775)
- Tangible fixed assets +€14,730
up €14,730 (+12.7%), from €116,129 to €130,859
of which Other tangible fixed assets: +€16,524
- Receivables within one year -€10,779
down €10,779 (-23.6%), from €45,653 to €34,874
of which Trade receivables: -€8,802
- Other debts -€45,197
down €45,197 (-22.9%), from €197,006 to €151,809
- Profit (loss) carried forward +€27,175
up €27,175 (+55.6%), from -€48,902 to -€21,727
- Trade debts -€11,796
down €11,796 (-66.6%), from €17,708 to €5,912
- Accrued charges and deferred income +€7,413
up €7,413 (+268%), from €2,766 to €10,179
- Gross operating margin +€44,611
up €44,611, from -€4,884 to €39,727
- Other operating charges +€1,216
up €1,216 (+15.3%), from €7,925 to €9,141
- Depreciation +€735
up €735 (+31.8%), from €2,310 to €3,045
- Financial charges -€636
down €636 (-92.3%), from €689 to €53
- Taxes +€436
new in 2025: €436
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 | €209,326 | €185,913 | -€23,413 | -11.2% |
| Fixed assets | 21/28 | €116,129 | €130,859 | +€14,730 | +12.7% |
| Tangible fixed assets | 22/27 | €116,129 | €130,859 | +€14,730 | +12.7% |
| Plant, machinery and equipment | 23 | €1,812 | €1,818 | +€6 | +0.3% |
| Furniture and vehicles | 24 | €5,034 | €3,234 | -€1,800 | -35.8% |
| Other tangible fixed assets | 26 | €109,284 | €125,808 | +€16,524 | +15.1% |
| Current assets | 29/58 | €93,197 | €55,053 | -€38,144 | -40.9% |
| Amounts receivable within one year | 40/41 | €45,653 | €34,874 | -€10,779 | -23.6% |
| Trade receivables | 40 | €41,351 | €32,549 | -€8,802 | -21.3% |
| Other amounts receivable | 41 | €4,303 | €2,325 | -€1,977 | -46.0% |
| Cash at bank and in hand | 54/58 | €43,927 | €18,215 | -€25,712 | -58.5% |
| Deferred charges and accrued income | 490/1 | €3,617 | €1,964 | -€1,653 | -45.7% |
| Total equity and liabilities | 10/49 | €209,326 | €185,913 | -€23,413 | -11.2% |
| Equity | 10/15 | -€9,603 | €17,571 | +€27,175 | |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €15,299 | €15,299 | = | 0.0% |
| Distributable reserves | 133 | €15,299 | €15,299 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,902 | -€21,727 | +€27,175 | +55.6% |
| Amounts payable | 17/49 | €218,930 | €168,342 | -€50,588 | -23.1% |
| Amounts payable within one year | 42/48 | €216,163 | €158,163 | -€58,001 | -26.8% |
| Trade debts | 44 | €17,708 | €5,912 | -€11,796 | -66.6% |
| Suppliers | 440/4 | €17,708 | €5,912 | -€11,796 | -66.6% |
| Taxes, remuneration and social security | 45 | €1,449 | €442 | -€1,008 | -69.5% |
| Taxes | 450/3 | €1,449 | €442 | -€1,008 | -69.5% |
| Other amounts payable | 47/48 | €197,006 | €151,809 | -€45,197 | -22.9% |
| Accrued charges and deferred income | 492/3 | €2,766 | €10,179 | +€7,413 | +268% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,310 | €3,045 | +€735 | +31.8% |
| Other operating charges | 640/8 | €7,925 | €9,141 | +€1,216 | +15.3% |
| Gross operating margin | 9900 | -€4,884 | €39,727 | +€44,611 | |
| Operating profit (loss) | 9901 | -€15,119 | €27,542 | +€42,660 | |
| Financial income | 75/76B | €39 | €122 | +€84 | +216% |
| Recurring financial income | 75 | €39 | €122 | +€84 | +216% |
| Financial charges | 65/66B | €689 | €53 | -€636 | -92.3% |
| Recurring financial charges | 65 | €689 | €53 | -€636 | -92.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,769 | €27,611 | +€43,380 | |
| Income taxes | 67/77 | - | €436 | +€436 | |
| Profit (loss) for the period | 9904 | -€15,769 | €27,175 | +€42,944 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,769 | €27,175 | +€42,944 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.