PWA Consulting: 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.
PWA Consulting
Largest movements
- Cash -€25,797
down €25,797 (-6.5%), from €398,431 to €372,634
mainly Contributions, distributions and other (-€341,990) and Receivables within one year (-€3,527)
- Profit (loss) carried forward -€264,796
down €264,796 (-100.0%), from €264,799 to €3
- Other debts +€240,187
up €240,187 (+237%), from €101,503 to €341,690
- Gross operating margin -€7,153
down €7,153 (-6.7%), from €106,421 to €99,267
- Financial charges -€1,068
down €1,068 (-82.0%), from €1,303 to €235
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 | €449,446 | €425,799 | -€23,647 | -5.3% |
| Fixed assets | 21/28 | - | €1,471 | +€1,471 | |
| Tangible fixed assets | 22/27 | - | €1,471 | +€1,471 | |
| Furniture and vehicles | 24 | - | €1,471 | +€1,471 | |
| Current assets | 29/58 | €449,446 | €424,328 | -€25,118 | -5.6% |
| Amounts receivable within one year | 40/41 | €40,472 | €43,999 | +€3,527 | +8.7% |
| Trade receivables | 40 | €40,472 | €42,799 | +€2,327 | +5.8% |
| Other amounts receivable | 41 | - | €1,200 | +€1,200 | |
| Cash at bank and in hand | 54/58 | €398,431 | €372,634 | -€25,797 | -6.5% |
| Deferred charges and accrued income | 490/1 | €10,543 | €7,695 | -€2,847 | -27.0% |
| Total equity and liabilities | 10/49 | €449,446 | €425,799 | -€23,647 | -5.3% |
| Equity | 10/15 | €341,659 | €76,863 | -€264,796 | -77.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,260 | €58,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €56,400 | €56,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €264,799 | €3 | -€264,796 | -100.0% |
| Amounts payable | 17/49 | €107,786 | €348,936 | +€241,150 | +224% |
| Amounts payable within one year | 42/48 | €107,786 | €348,936 | +€241,150 | +224% |
| Trade debts | 44 | €1,222 | €936 | -€286 | -23.4% |
| Suppliers | 440/4 | €1,222 | €936 | -€286 | -23.4% |
| Taxes, remuneration and social security | 45 | €5,061 | €6,310 | +€1,249 | +24.7% |
| Taxes | 450/3 | €5,061 | €6,310 | +€1,249 | +24.7% |
| Other amounts payable | 47/48 | €101,503 | €341,690 | +€240,187 | +237% |
| Non-recurring operating income | 76A | €9,076 | - | -€9,076 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €41 | +€41 | |
| Other operating charges | 640/8 | €999 | €780 | -€218 | -21.9% |
| Gross operating margin | 9900 | €106,421 | €99,267 | -€7,153 | -6.7% |
| Operating profit (loss) | 9901 | €105,422 | €98,447 | -€6,976 | -6.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,303 | €235 | -€1,068 | -82.0% |
| Recurring financial charges | 65 | €1,303 | €235 | -€1,068 | -82.0% |
| Profit (loss) for the period before taxes | 9903 | €104,119 | €98,212 | -€5,908 | -5.7% |
| Income taxes | 67/77 | €21,839 | €21,018 | -€821 | -3.8% |
| Profit (loss) for the period | 9904 | €82,280 | €77,194 | -€5,087 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,280 | €77,194 | -€5,087 | -6.2% |
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 28 October 2026 via checked.be.