VWJ CONSULTANCY: 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.
VWJ CONSULTANCY
Largest movements
- Cash +€18,896
up €18,896 (+22.4%), from €84,476 to €103,372
mainly Net result for the year (+€26,461) and Receivables within one year (+€17,964)
- Receivables within one year -€17,964
down €17,964 (-54.9%), from €32,719 to €14,755
of which Trade receivables: -€18,253
- Trade debts -€2,169
no longer reported in 2025 (was €2,169)
- Reserves +€2,111
up €2,111 (+1.9%), from €112,602 to €114,714
- Tax, wage and social debts -€2,026
down €2,026 (-23.3%), from €8,702 to €6,676
of which Remuneration and social security: -€2,315
- Other debts +€1,968
up €1,968 (+108%), from €1,819 to €3,787
- Financial income -€1,275
down €1,275 (-98.8%), from €1,290 to €15
- Gross operating margin +€1,274
up €1,274 (+3.2%), from €39,906 to €41,180
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 | €125,292 | €125,177 | -€115 | -0.1% |
| Fixed assets | 21/28 | €8,097 | €7,049 | -€1,048 | -12.9% |
| Tangible fixed assets | 22/27 | €8,092 | €7,044 | -€1,048 | -12.9% |
| Plant, machinery and equipment | 23 | €4,639 | €4,366 | -€273 | -5.9% |
| Other tangible fixed assets | 26 | €3,453 | €2,679 | -€774 | -22.4% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €117,195 | €118,128 | +€933 | +0.8% |
| Amounts receivable within one year | 40/41 | €32,719 | €14,755 | -€17,964 | -54.9% |
| Trade receivables | 40 | €32,719 | €14,467 | -€18,253 | -55.8% |
| Other amounts receivable | 41 | - | €289 | +€289 | |
| Cash at bank and in hand | 54/58 | €84,476 | €103,372 | +€18,896 | +22.4% |
| Total equity and liabilities | 10/49 | €125,292 | €125,177 | -€115 | -0.1% |
| Equity | 10/15 | €112,602 | €114,714 | +€2,111 | +1.9% |
| Reserves | 13 | €112,602 | €114,714 | +€2,111 | +1.9% |
| Distributable reserves | 133 | €112,602 | €114,714 | +€2,111 | +1.9% |
| Amounts payable | 17/49 | €12,690 | €10,463 | -€2,227 | -17.5% |
| Amounts payable within one year | 42/48 | €12,690 | €10,463 | -€2,227 | -17.5% |
| Trade debts | 44 | €2,169 | - | -€2,169 | |
| Suppliers | 440/4 | €2,169 | - | -€2,169 | |
| Taxes, remuneration and social security | 45 | €8,702 | €6,676 | -€2,026 | -23.3% |
| Taxes | 450/3 | €3,009 | €3,298 | +€289 | +9.6% |
| Remuneration and social security | 454/9 | €5,693 | €3,379 | -€2,315 | -40.7% |
| Other amounts payable | 47/48 | €1,819 | €3,787 | +€1,968 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,905 | €3,113 | +€208 | +7.2% |
| Other operating charges | 640/8 | €1,019 | €644 | -€375 | -36.8% |
| Gross operating margin | 9900 | €39,906 | €41,180 | +€1,274 | +3.2% |
| Operating profit (loss) | 9901 | €35,982 | €37,423 | +€1,441 | +4.0% |
| Financial income | 75/76B | €1,290 | €15 | -€1,275 | -98.8% |
| Recurring financial income | 75 | €1,290 | €15 | -€1,275 | -98.8% |
| Financial charges | 65/66B | €93 | €171 | +€78 | +84.3% |
| Recurring financial charges | 65 | €93 | €171 | +€78 | +84.3% |
| Profit (loss) for the period before taxes | 9903 | €37,179 | €37,267 | +€88 | +0.2% |
| Income taxes | 67/77 | €10,560 | €10,806 | +€246 | +2.3% |
| Profit (loss) for the period | 9904 | €26,619 | €26,461 | -€157 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,619 | €26,461 | -€157 | -0.6% |
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 17 October 2026 via checked.be.