RW CONSULTING SERVICES: 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.
What changed
RW CONSULTING SERVICES
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€80,010
2024 · €74,125+€5,885
Equity
€520,152
2024 · €582,226-€62,074
Cash
€64,226
2024 · €59,952+€4,274
Balance sheet total
€1.6m
2024 · €1.0m+€628,519
Largest movements
Assets
- Financial fixed assets +€639,792
up €639,792, from €0 to €639,792
- Tangible fixed assets -€23,104
down €23,104 (-3.0%), from €780,991 to €757,888
of which Land and buildings: -€18,837
Equity and liabilities
- Debts after one year +€521,459
up €521,459 (+137%), from €380,542 to €902,001
- Other debts +€130,217
up €130,217 (+1,157%), from €11,257 to €141,474
- Reserves -€62,074
down €62,074 (-10.9%), from €569,826 to €507,752
- Current portion of long-term debt +€28,939
up €28,939 (+169%), from €17,163 to €46,102
Income statement
- Gross operating margin +€13,288
up €13,288 (+7.8%), from €170,920 to €184,208
- Financial charges +€5,976
up €5,976 (+18.2%), from €32,900 to €38,876
- Depreciation +€3,849
up €3,849 (+13.0%), from €29,718 to €33,567
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.
Result 2024
€74,125
Gross operating margin
+€13,288
Depreciation
-€3,849
Other operating charges
-€1,125
Other operating items
+€2,697
Financial income
+€759
Financial charges
-€5,976
Taxes
+€91
Result 2025
€80,010
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€246,215
Investment
-€650,255
Financing
+€408,314
Cash 2024
€59,952
From operations (derived)
+€246,215
Net result for the year
+€80,010
Depreciation
+€33,567
Receivables within one year
-€7,859
Smaller working-capital items
+€1,146
Trade debts
-€2,724
Tax, wage and social debts
+€11,858
Other debts
+€130,217
Investment (derived)
-€650,255
Investment in fixed assets (net)
-€650,255
Financing
+€408,314
Debts after one year
+€521,459
Current portion of long-term debt
+€28,939
Contributions, distributions and other
-€142,084
Cash 2025
€64,226
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,017,056 | €1,645,574 | +€628,519 | +61.8% |
| Fixed assets | 21/28 | €780,991 | €1,397,679 | +€616,688 | +79.0% |
| Tangible fixed assets | 22/27 | €780,991 | €757,888 | -€23,104 | -3.0% |
| Land and buildings | 22 | €752,073 | €733,236 | -€18,837 | -2.5% |
| Plant, machinery and equipment | 23 | €6,885 | €8,747 | +€1,862 | +27.0% |
| Furniture and vehicles | 24 | €22,034 | €15,905 | -€6,129 | -27.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | €639,792 | +€639,792 | |
| Current assets | 29/58 | €236,065 | €247,895 | +€11,831 | +5.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €16,070 | €23,929 | +€7,859 | +48.9% |
| Trade receivables | 40 | €15,795 | €23,929 | +€8,134 | +51.5% |
| Other amounts receivable | 41 | €275 | €0 | -€275 | -100% |
| Current investments | 50/53 | €154,474 | €154,474 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €59,952 | €64,226 | +€4,274 | +7.1% |
| Deferred charges and accrued income | 490/1 | €5,569 | €5,267 | -€302 | -5.4% |
| Total equity and liabilities | 10/49 | €1,017,056 | €1,645,574 | +€628,519 | +61.8% |
| Equity | 10/15 | €582,226 | €520,152 | -€62,074 | -10.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €569,826 | €507,752 | -€62,074 | -10.9% |
| Distributable reserves | 133 | €569,826 | €507,752 | -€62,074 | -10.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €434,830 | €1,125,423 | +€690,593 | +159% |
| Amounts payable after more than one year | 17 | €380,542 | €902,001 | +€521,459 | +137% |
| Financial debts | 170/4 | €380,542 | €902,001 | +€521,459 | +137% |
| Amounts payable within one year | 42/48 | €53,734 | €222,024 | +€168,290 | +313% |
| Current portion of amounts payable after more than one year | 42 | €17,163 | €46,102 | +€28,939 | +169% |
| Trade debts | 44 | €6,673 | €3,949 | -€2,724 | -40.8% |
| Suppliers | 440/4 | €6,673 | €3,949 | -€2,724 | -40.8% |
| Taxes, remuneration and social security | 45 | €18,640 | €30,499 | +€11,858 | +63.6% |
| Taxes | 450/3 | €18,640 | €30,499 | +€11,858 | +63.6% |
| Other amounts payable | 47/48 | €11,257 | €141,474 | +€130,217 | +1,157% |
| Accrued charges and deferred income | 492/3 | €554 | €1,398 | +€844 | +152% |
| Non-recurring operating income | 76A | - | €10,500 | +€10,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,718 | €33,567 | +€3,849 | +13.0% |
| Other operating charges | 640/8 | €3,067 | €4,191 | +€1,125 | +36.7% |
| Non-recurring operating charges | 66A | €2,697 | €0 | -€2,697 | -100% |
| Gross operating margin | 9900 | €170,920 | €184,208 | +€13,288 | +7.8% |
| Operating profit (loss) | 9901 | €135,438 | €146,449 | +€11,011 | +8.1% |
| Financial income | 75/76B | €2,736 | €3,495 | +€759 | +27.7% |
| Recurring financial income | 75 | €2,736 | €3,495 | +€759 | +27.7% |
| Financial charges | 65/66B | €32,900 | €38,876 | +€5,976 | +18.2% |
| Recurring financial charges | 65 | €32,900 | €38,876 | +€5,976 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €105,274 | €111,068 | +€5,794 | +5.5% |
| Income taxes | 67/77 | €31,149 | €31,058 | -€91 | -0.3% |
| Profit (loss) for the period | 9904 | €74,125 | €80,010 | +€5,885 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,125 | €80,010 | +€5,885 | +7.9% |
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 31 October 2026 via checked.be.