PwM 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.
PwM Consulting
Largest movements
- Cash -€46,306
down €46,306 (-91.1%), from €50,815 to €4,509
mainly Current investments (-€40,000) and Net result for the year (-€2,524)
- Current investments +€40,000
up €40,000 (+134%), from €29,779 to €69,779
- Receivables within one year +€2,099
up €2,099 (+15.4%), from €13,601 to €15,700
of which Trade receivables: +€2,002
- Profit (loss) carried forward -€2,524
down €2,524 (-27.8%), from -€9,074 to -€11,598
- Other debts -€1,789
down €1,789 (-100%), from €1,789 to €0
- Gross operating margin +€4,568
up €4,568 (+65.5%), from -€6,970 to -€2,402
- Financial income +€982
up €982 (+58.8%), from €1,669 to €2,651
- Depreciation +€661
up €661 (+136%), from €486 to €1,147
- Financial charges -€581
down €581 (-31.6%), from €1,838 to €1,258
- Other operating charges -€124
down €124 (-49.2%), from €252 to €128
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 | €98,696 | €94,595 | -€4,101 | -4.2% |
| Fixed assets | 21/28 | €4,283 | €4,376 | +€93 | +2.2% |
| Tangible fixed assets | 22/27 | €4,283 | €4,376 | +€93 | +2.2% |
| Plant, machinery and equipment | 23 | €2,859 | €2,195 | -€664 | -23.2% |
| Furniture and vehicles | 24 | €1,424 | €2,181 | +€757 | +53.2% |
| Current assets | 29/58 | €94,412 | €90,219 | -€4,193 | -4.4% |
| Amounts receivable within one year | 40/41 | €13,601 | €15,700 | +€2,099 | +15.4% |
| Trade receivables | 40 | €9,160 | €11,162 | +€2,002 | +21.9% |
| Other amounts receivable | 41 | €4,440 | €4,538 | +€97 | +2.2% |
| Current investments | 50/53 | €29,779 | €69,779 | +€40,000 | +134% |
| Cash at bank and in hand | 54/58 | €50,815 | €4,509 | -€46,306 | -91.1% |
| Deferred charges and accrued income | 490/1 | €217 | €231 | +€14 | +6.4% |
| Total equity and liabilities | 10/49 | €98,696 | €94,595 | -€4,101 | -4.2% |
| Equity | 10/15 | €93,194 | €90,670 | -€2,524 | -2.7% |
| Contributions | 10/11 | €6,324 | €6,324 | = | 0.0% |
| Reserves | 13 | €95,943 | €95,943 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €95,943 | €95,943 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,074 | -€11,598 | -€2,524 | -27.8% |
| Amounts payable | 17/49 | €5,502 | €3,925 | -€1,576 | -28.7% |
| Amounts payable within one year | 42/48 | €4,724 | €3,544 | -€1,180 | -25.0% |
| Trade debts | 44 | €1,651 | €1,814 | +€163 | +9.9% |
| Suppliers | 440/4 | €1,651 | €1,814 | +€163 | +9.9% |
| Taxes, remuneration and social security | 45 | €1,284 | €1,730 | +€446 | +34.7% |
| Taxes | 450/3 | €1,284 | €1,730 | +€446 | +34.7% |
| Other amounts payable | 47/48 | €1,789 | €0 | -€1,789 | -100% |
| Accrued charges and deferred income | 492/3 | €777 | €381 | -€396 | -50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €486 | €1,147 | +€661 | +136% |
| Other operating charges | 640/8 | €252 | €128 | -€124 | -49.2% |
| Non-recurring operating charges | 66A | €919 | €0 | -€919 | -100% |
| Gross operating margin | 9900 | -€6,970 | -€2,402 | +€4,568 | +65.5% |
| Operating profit (loss) | 9901 | -€8,627 | -€3,677 | +€4,950 | +57.4% |
| Financial income | 75/76B | €1,669 | €2,651 | +€982 | +58.8% |
| Recurring financial income | 75 | €1,669 | €2,651 | +€982 | +58.8% |
| Financial charges | 65/66B | €1,838 | €1,258 | -€581 | -31.6% |
| Recurring financial charges | 65 | €1,838 | €1,258 | -€581 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,796 | -€2,284 | +€6,513 | +74.0% |
| Income taxes | 67/77 | €277 | €240 | -€37 | -13.3% |
| Profit (loss) for the period | 9904 | -€9,074 | -€2,524 | +€6,550 | +72.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,074 | -€2,524 | +€6,550 | +72.2% |
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 31 October 2026 via checked.be.