W. 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.
W. Consultancy
Largest movements
- Cash +€28,925
up €28,925 (+47.4%), from €61,050 to €89,974
mainly Net result for the year (+€29,011) and Short-term financial debts (+€10,007)
- Receivables within one year -€8,826
down €8,826 (-19.3%), from €45,777 to €36,951
of which Trade receivables: -€13,698
- Deferred charges and accrued income +€7,773
up €7,773 (+47.7%), from €16,286 to €24,058
- Tangible fixed assets -€6,897
down €6,897 (-4.5%), from €152,607 to €145,710
of which Land and buildings: -€5,325
- Reserves +€29,011
up €29,011 (+16.6%), from €174,878 to €203,889
- Short-term financial debts +€10,007
up €10,007 (+79.7%), from €12,552 to €22,559
- Debts after one year -€6,460
down €6,460 (-13.5%), from €47,822 to €41,362
- Accrued charges and deferred income -€5,510
no longer reported in 2025 (was €5,510)
- Tax, wage and social debts -€3,657
down €3,657 (-51.9%), from €7,045 to €3,388
of which Remuneration and social security: -€3,045
- Gross operating margin -€34,596
down €34,596 (-35.9%), from €96,332 to €61,736
- Taxes -€5,937
down €5,937 (-31.2%), from €19,000 to €13,063
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 | €275,719 | €296,694 | +€20,974 | +7.6% |
| Fixed assets | 21/28 | €152,607 | €145,710 | -€6,897 | -4.5% |
| Tangible fixed assets | 22/27 | €152,607 | €145,710 | -€6,897 | -4.5% |
| Land and buildings | 22 | €150,182 | €144,857 | -€5,325 | -3.5% |
| Furniture and vehicles | 24 | €2,426 | €854 | -€1,572 | -64.8% |
| Current assets | 29/58 | €123,112 | €150,983 | +€27,871 | +22.6% |
| Amounts receivable within one year | 40/41 | €45,777 | €36,951 | -€8,826 | -19.3% |
| Trade receivables | 40 | €35,468 | €21,770 | -€13,698 | -38.6% |
| Other amounts receivable | 41 | €10,309 | €15,181 | +€4,872 | +47.3% |
| Cash at bank and in hand | 54/58 | €61,050 | €89,974 | +€28,925 | +47.4% |
| Deferred charges and accrued income | 490/1 | €16,286 | €24,058 | +€7,773 | +47.7% |
| Total equity and liabilities | 10/49 | €275,719 | €296,694 | +€20,974 | +7.6% |
| Equity | 10/15 | €193,478 | €222,489 | +€29,011 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €174,878 | €203,889 | +€29,011 | +16.6% |
| Distributable reserves | 133 | €174,878 | €203,889 | +€29,011 | +16.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €82,241 | €74,205 | -€8,036 | -9.8% |
| Amounts payable after more than one year | 17 | €47,822 | €41,362 | -€6,460 | -13.5% |
| Financial debts | 170/4 | €47,822 | €41,362 | -€6,460 | -13.5% |
| Amounts payable within one year | 42/48 | €28,909 | €32,843 | +€3,933 | +13.6% |
| Current portion of amounts payable after more than one year | 42 | €6,315 | €6,460 | +€145 | +2.3% |
| Financial debts | 43 | €12,552 | €22,559 | +€10,007 | +79.7% |
| Credit institutions | 430/8 | €12,552 | €22,559 | +€10,007 | +79.7% |
| Trade debts | 44 | €2,998 | €437 | -€2,561 | -85.4% |
| Suppliers | 440/4 | €2,998 | €437 | -€2,561 | -85.4% |
| Taxes, remuneration and social security | 45 | €7,045 | €3,388 | -€3,657 | -51.9% |
| Taxes | 450/3 | €4,000 | €3,388 | -€612 | -15.3% |
| Remuneration and social security | 454/9 | €3,045 | €0 | -€3,045 | -100% |
| Accrued charges and deferred income | 492/3 | €5,510 | - | -€5,510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,192 | €6,897 | -€295 | -4.1% |
| Other operating charges | 640/8 | €892 | €642 | -€250 | -28.1% |
| Non-recurring operating charges | 66A | - | €9,041 | +€9,041 | |
| Gross operating margin | 9900 | €96,332 | €61,736 | -€34,596 | -35.9% |
| Operating profit (loss) | 9901 | €88,248 | €45,156 | -€43,092 | -48.8% |
| Financial income | 75/76B | €507 | €783 | +€277 | +54.6% |
| Recurring financial income | 75 | €507 | €783 | +€277 | +54.6% |
| Financial charges | 65/66B | €3,954 | €3,866 | -€88 | -2.2% |
| Recurring financial charges | 65 | €3,954 | €3,866 | -€88 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €84,800 | €42,073 | -€42,727 | -50.4% |
| Income taxes | 67/77 | €19,000 | €13,063 | -€5,937 | -31.2% |
| Profit (loss) for the period | 9904 | €65,801 | €29,011 | -€36,790 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €65,801 | €29,011 | -€36,790 | -55.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.