PW Consult: 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.
PW Consult
Largest movements
- Cash +€78,000
up €78,000 (+801.1%), from €9,737 to €87,737
mainly Net result for the year (+€90,596) and Trade debts (+€2,210)
- Receivables within one year +€9,929
up €9,929 (+15.5%), from €63,942 to €73,870
of which Trade receivables: +€11,863
- Tangible fixed assets +€5,518
up €5,518 (+581.4%), from €949 to €6,467
of which Furniture and vehicles: +€5,835
- Profit (loss) carried forward +€90,596
up €90,596 (+34.3%), from -€264,022 to -€173,426
- Trade debts +€2,210
up €2,210 (+96.6%), from €2,288 to €4,498
- Gross operating margin +€100,046
up €100,046 (+1343.2%), from €7,448 to €107,494
- Staff costs +€13,275
new in 2025: €13,275
- Depreciation +€1,825
up €1,825 (+209737.9%), from €1 to €1,826
- Financial charges +€1,722
up €1,722 (+1730.2%), from €100 to €1,821
- Other operating charges -€1,286
no longer reported in 2025 (was €1,286)
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 | €74,628 | €169,266 | +€94,638 | +126.8% |
| Fixed assets | 21/28 | €949 | €6,467 | +€5,518 | +581.4% |
| Tangible fixed assets | 22/27 | €949 | €6,467 | +€5,518 | +581.4% |
| Furniture and vehicles | 24 | - | €5,835 | +€5,835 | |
| Other tangible fixed assets | 26 | €949 | €632 | -€317 | -33.4% |
| Current assets | 29/58 | €73,679 | €162,799 | +€89,120 | +121.0% |
| Amounts receivable within one year | 40/41 | €63,942 | €73,870 | +€9,929 | +15.5% |
| Trade receivables | 40 | €61,831 | €73,694 | +€11,863 | +19.2% |
| Other amounts receivable | 41 | €2,111 | €176 | -€1,935 | -91.7% |
| Cash at bank and in hand | 54/58 | €9,737 | €87,737 | +€78,000 | +801.1% |
| Deferred charges and accrued income | 490/1 | - | €1,191 | +€1,191 | |
| Total equity and liabilities | 10/49 | €74,628 | €169,266 | +€94,638 | +126.8% |
| Equity | 10/15 | -€245,093 | -€154,497 | +€90,596 | +37.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €337 | €337 | = | 0.0% |
| Distributable reserves | 133 | €337 | €337 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€264,022 | -€173,426 | +€90,596 | +34.3% |
| Amounts payable | 17/49 | €319,721 | €323,763 | +€4,042 | +1.3% |
| Amounts payable after more than one year | 17 | €317,363 | €318,884 | +€1,521 | +0.5% |
| Financial debts | 170/4 | €317,363 | €318,884 | +€1,521 | +0.5% |
| Amounts payable within one year | 42/48 | €2,358 | €4,878 | +€2,521 | +106.9% |
| Trade debts | 44 | €2,288 | €4,498 | +€2,210 | +96.6% |
| Suppliers | 440/4 | €2,288 | €4,498 | +€2,210 | +96.6% |
| Taxes, remuneration and social security | 45 | €70 | €380 | +€311 | +444.5% |
| Taxes | 450/3 | €70 | - | -€70 | |
| Remuneration and social security | 454/9 | - | €380 | +€380 | |
| Remuneration, social security and pensions | 62 | - | €13,275 | +€13,275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €1,826 | +€1,825 | +209737.9% |
| Other operating charges | 640/8 | €1,286 | - | -€1,286 | |
| Gross operating margin | 9900 | €7,448 | €107,494 | +€100,046 | +1343.2% |
| Operating profit (loss) | 9901 | €6,161 | €92,393 | +€86,232 | +1399.6% |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €100 | €1,821 | +€1,722 | +1730.2% |
| Recurring financial charges | 65 | €100 | €1,821 | +€1,722 | +1730.2% |
| Profit (loss) for the period before taxes | 9903 | €6,062 | €90,596 | +€84,534 | +1394.5% |
| Income taxes | 67/77 | €4 | - | -€4 | |
| Profit (loss) for the period | 9904 | €6,057 | €90,596 | +€84,538 | +1395.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,057 | €90,596 | +€84,538 | +1395.6% |
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 7 October 2026 via checked.be.