PW-Solutions: 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-Solutions
Largest movements
- Cash +€19,586
up €19,586 (+186.5%), from €10,502 to €30,087
mainly Depreciation (+€18,694) and Tax, wage and social debts (+€15,489)
- Stocks and contracts -€10,000
down €10,000 (-47.2%), from €21,201 to €11,201
- Receivables within one year +€8,819
up €8,819 (+117.8%), from €7,487 to €16,306
of which Other amounts receivable: +€7,526
- Tangible fixed assets -€7,203
down €7,203 (-7.0%), from €103,341 to €96,138
of which Plant, machinery and equipment: -€6,692
- Deferred charges and accrued income -€3,000
down €3,000 (-100.0%), from €3,000 to €0
- Debts after one year -€26,986
down €26,986 (-29.6%), from €91,056 to €64,071
- Tax, wage and social debts +€15,489
up €15,489 (+566.5%), from €2,734 to €18,223
of which Taxes: +€12,196
- Reserves +€11,862
up €11,862 (+42.8%), from €27,695 to €39,557
of which Distributable reserves: +€11,862
- Accrued charges and deferred income +€7,750
new in 2025: €7,750
- Gross operating margin +€29,592
up €29,592 (+80.5%), from €36,770 to €66,362
- Staff costs +€15,087
up €15,087 (+124.6%), from €12,106 to €27,193
- Taxes +€3,262
new in 2025: €3,262
- Financial charges -€1,102
down €1,102 (-23.5%), from €4,690 to €3,589
- Depreciation +€975
up €975 (+5.5%), from €17,719 to €18,694
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 | €195,531 | €203,732 | +€8,202 | +4.2% |
| Fixed assets | 21/28 | €153,341 | €146,138 | -€7,203 | -4.7% |
| Tangible fixed assets | 22/27 | €103,341 | €96,138 | -€7,203 | -7.0% |
| Land and buildings | 22 | €42,829 | €46,488 | +€3,659 | +8.5% |
| Plant, machinery and equipment | 23 | €24,611 | €17,919 | -€6,692 | -27.2% |
| Furniture and vehicles | 24 | €3,738 | €2,664 | -€1,074 | -28.7% |
| Other tangible fixed assets | 26 | €32,163 | €29,067 | -€3,096 | -9.6% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €42,189 | €57,594 | +€15,405 | +36.5% |
| Stocks and contracts in progress | 3 | €21,201 | €11,201 | -€10,000 | -47.2% |
| Stocks | 30/36 | €21,201 | €11,201 | -€10,000 | -47.2% |
| Amounts receivable within one year | 40/41 | €7,487 | €16,306 | +€8,819 | +117.8% |
| Trade receivables | 40 | €365 | €1,658 | +€1,293 | +354.2% |
| Other amounts receivable | 41 | €7,122 | €14,648 | +€7,526 | +105.7% |
| Cash at bank and in hand | 54/58 | €10,502 | €30,087 | +€19,586 | +186.5% |
| Deferred charges and accrued income | 490/1 | €3,000 | €0 | -€3,000 | -100.0% |
| Total equity and liabilities | 10/49 | €195,531 | €203,732 | +€8,202 | +4.2% |
| Equity | 10/15 | €40,095 | €51,957 | +€11,862 | +29.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €27,695 | €39,557 | +€11,862 | +42.8% |
| Non-distributable reserves | 130/1 | €939 | €939 | = | 0.0% |
| Reserves not available under the articles | 1311 | €939 | €939 | = | 0.0% |
| Distributable reserves | 133 | €26,756 | €38,618 | +€11,862 | +44.3% |
| Amounts payable | 17/49 | €155,436 | €151,776 | -€3,660 | -2.4% |
| Amounts payable after more than one year | 17 | €91,056 | €64,071 | -€26,986 | -29.6% |
| Financial debts | 170/4 | €91,056 | €64,071 | -€26,986 | -29.6% |
| Amounts payable within one year | 42/48 | €64,380 | €79,955 | +€15,576 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €11,255 | €11,986 | +€730 | +6.5% |
| Trade debts | 44 | €11,240 | €10,595 | -€644 | -5.7% |
| Suppliers | 440/4 | €11,240 | €10,595 | -€644 | -5.7% |
| Taxes, remuneration and social security | 45 | €2,734 | €18,223 | +€15,489 | +566.5% |
| Taxes | 450/3 | - | €12,196 | +€12,196 | |
| Remuneration and social security | 454/9 | €2,734 | €6,027 | +€3,293 | +120.4% |
| Other amounts payable | 47/48 | €39,150 | €39,151 | +€1 | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €7,750 | +€7,750 | |
| Remuneration, social security and pensions | 62 | €12,106 | €27,193 | +€15,087 | +124.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,719 | €18,694 | +€975 | +5.5% |
| Other operating charges | 640/8 | €1,389 | €1,763 | +€374 | +26.9% |
| Gross operating margin | 9900 | €36,770 | €66,362 | +€29,592 | +80.5% |
| Operating profit (loss) | 9901 | €5,556 | €18,712 | +€13,156 | +236.8% |
| Financial charges | 65/66B | €4,690 | €3,589 | -€1,102 | -23.5% |
| Recurring financial charges | 65 | €4,690 | €3,589 | -€1,102 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €866 | €15,123 | +€14,257 | +1646.4% |
| Income taxes | 67/77 | - | €3,262 | +€3,262 | |
| Profit (loss) for the period | 9904 | €866 | €11,862 | +€10,996 | +1269.7% |
| Profit (loss) for the period to be appropriated | 9905 | €866 | €11,862 | +€10,996 | +1269.7% |
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 8 October 2026 via checked.be.