PWEB SERVICES: 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.
PWEB SERVICES
Largest movements
- Cash +€53,607
up €53,607 (+15.6%), from €344,058 to €397,665
mainly Net result for the year (+€64,447) and Other debts (+€11,576)
- Receivables within one year +€15,845
up €15,845 (+16.7%), from €95,062 to €110,907
of which Other amounts receivable: +€28,529
- Deferred charges and accrued income +€8,610
up €8,610 (+412.9%), from €2,085 to €10,696
- Tangible fixed assets -€6,328
down €6,328 (-5.6%), from €112,097 to €105,770
of which Land and buildings: -€4,447
- Reserves +€64,447
up €64,447 (+13.8%), from €467,708 to €532,156
- Other debts +€11,576
up €11,576 (+244.4%), from €4,736 to €16,312
- Gross operating margin -€44,956
down €44,956 (-20.9%), from €214,935 to €169,979
- Taxes -€7,679
down €7,679 (-19.6%), from €39,211 to €31,531
- Staff costs -€5,398
down €5,398 (-7.7%), from €70,288 to €64,890
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 | €553,303 | €625,037 | +€71,734 | +13.0% |
| Fixed assets | 21/28 | €112,097 | €105,770 | -€6,328 | -5.6% |
| Tangible fixed assets | 22/27 | €112,097 | €105,770 | -€6,328 | -5.6% |
| Land and buildings | 22 | €108,428 | €103,981 | -€4,447 | -4.1% |
| Furniture and vehicles | 24 | €3,669 | €1,789 | -€1,880 | -51.2% |
| Current assets | 29/58 | €441,205 | €519,267 | +€78,062 | +17.7% |
| Amounts receivable within one year | 40/41 | €95,062 | €110,907 | +€15,845 | +16.7% |
| Trade receivables | 40 | €95,062 | €82,378 | -€12,684 | -13.3% |
| Other amounts receivable | 41 | €0 | €28,529 | +€28,529 | |
| Cash at bank and in hand | 54/58 | €344,058 | €397,665 | +€53,607 | +15.6% |
| Deferred charges and accrued income | 490/1 | €2,085 | €10,696 | +€8,610 | +412.9% |
| Total equity and liabilities | 10/49 | €553,303 | €625,037 | +€71,734 | +13.0% |
| Equity | 10/15 | €517,432 | €581,879 | +€64,447 | +12.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €467,708 | €532,156 | +€64,447 | +13.8% |
| Distributable reserves | 133 | €467,708 | €532,156 | +€64,447 | +13.8% |
| Profit (loss) carried forward | 14 | €29,724 | €29,724 | = | 0.0% |
| Amounts payable | 17/49 | €35,871 | €43,158 | +€7,287 | +20.3% |
| Amounts payable within one year | 42/48 | €34,440 | €42,708 | +€8,268 | +24.0% |
| Trade debts | 44 | €1,608 | €2,167 | +€560 | +34.8% |
| Suppliers | 440/4 | €1,608 | €2,167 | +€560 | +34.8% |
| Taxes, remuneration and social security | 45 | €28,096 | €24,228 | -€3,868 | -13.8% |
| Taxes | 450/3 | €18,942 | €16,258 | -€2,684 | -14.2% |
| Remuneration and social security | 454/9 | €9,154 | €7,970 | -€1,184 | -12.9% |
| Other amounts payable | 47/48 | €4,736 | €16,312 | +€11,576 | +244.4% |
| Accrued charges and deferred income | 492/3 | €1,431 | €450 | -€981 | -68.6% |
| Remuneration, social security and pensions | 62 | €70,288 | €64,890 | -€5,398 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,645 | €6,328 | -€317 | -4.8% |
| Other operating charges | 640/8 | €2,064 | €2,292 | +€228 | +11.1% |
| Gross operating margin | 9900 | €214,935 | €169,979 | -€44,956 | -20.9% |
| Operating profit (loss) | 9901 | €135,938 | €96,469 | -€39,470 | -29.0% |
| Financial income | 75/76B | €73 | €0 | -€73 | -99.9% |
| Recurring financial income | 75 | €73 | €0 | -€73 | -99.9% |
| Financial charges | 65/66B | €1,471 | €490 | -€980 | -66.7% |
| Recurring financial charges | 65 | €1,471 | €490 | -€980 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | €134,540 | €95,979 | -€38,562 | -28.7% |
| Income taxes | 67/77 | €39,211 | €31,531 | -€7,679 | -19.6% |
| Profit (loss) for the period | 9904 | €95,330 | €64,447 | -€30,883 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €95,330 | €64,447 | -€30,883 | -32.4% |
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 29 September 2026 via checked.be.