W-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.
W-CONSULTING
Largest movements
- Current investments +€70,000
new in 2025: €70,000
- Receivables within one year -€33,204
down €33,204 (-61.1%), from €54,318 to €21,114
of which Trade receivables: -€37,804
- Tangible fixed assets -€8,542
down €8,542 (-33.7%), from €25,343 to €16,801
of which Land and buildings: -€8,304
- Cash -€7,263
down €7,263 (-10.6%), from €68,674 to €61,411
mainly Current investments (-€70,000) and Contributions, distributions and other (-€12,000)
- Reserves +€33,544
up €33,544 (+53.3%), from €62,962 to €96,506
- Debts after one year -€11,870
down €11,870 (-34.7%), from €34,214 to €22,344
- Tax, wage and social debts -€3,403
down €3,403 (-16.6%), from €20,515 to €17,112
- Financial income -€22,756
down €22,756 (-100.0%), from €22,756 to €0
- Gross operating margin -€10,702
down €10,702 (-12.5%), from €85,333 to €74,630
- Taxes -€3,727
down €3,727 (-17.4%), from €21,459 to €17,732
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 | €151,008 | €170,482 | +€19,474 | +12.9% |
| Fixed assets | 21/28 | €26,273 | €17,731 | -€8,542 | -32.5% |
| Tangible fixed assets | 22/27 | €25,343 | €16,801 | -€8,542 | -33.7% |
| Land and buildings | 22 | €24,914 | €16,609 | -€8,304 | -33.3% |
| Furniture and vehicles | 24 | €430 | €192 | -€238 | -55.3% |
| Financial fixed assets | 28 | €930 | €930 | = | 0.0% |
| Current assets | 29/58 | €124,735 | €152,751 | +€28,016 | +22.5% |
| Amounts receivable within one year | 40/41 | €54,318 | €21,114 | -€33,204 | -61.1% |
| Trade receivables | 40 | €51,384 | €13,580 | -€37,804 | -73.6% |
| Other amounts receivable | 41 | €2,934 | €7,533 | +€4,599 | +156.8% |
| Current investments | 50/53 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €68,674 | €61,411 | -€7,263 | -10.6% |
| Deferred charges and accrued income | 490/1 | €1,743 | €227 | -€1,517 | -87.0% |
| Total equity and liabilities | 10/49 | €151,008 | €170,482 | +€19,474 | +12.9% |
| Equity | 10/15 | €81,562 | €115,106 | +€33,544 | +41.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €62,962 | €96,506 | +€33,544 | +53.3% |
| Distributable reserves | 133 | €62,962 | €96,506 | +€33,544 | +53.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €69,446 | €55,375 | -€14,071 | -20.3% |
| Amounts payable after more than one year | 17 | €34,214 | €22,344 | -€11,870 | -34.7% |
| Financial debts | 170/4 | €34,214 | €22,344 | -€11,870 | -34.7% |
| Amounts payable within one year | 42/48 | €35,232 | €33,031 | -€2,201 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €11,259 | €11,870 | +€611 | +5.4% |
| Trade debts | 44 | €242 | €1,901 | +€1,659 | +685.0% |
| Suppliers | 440/4 | €242 | €1,901 | +€1,659 | +685.0% |
| Taxes, remuneration and social security | 45 | €20,515 | €17,112 | -€3,403 | -16.6% |
| Taxes | 450/3 | €20,515 | €17,112 | -€3,403 | -16.6% |
| Other amounts payable | 47/48 | €3,216 | €2,148 | -€1,068 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,542 | €8,542 | +€0 | 0.0% |
| Other operating charges | 640/8 | €580 | €516 | -€64 | -11.1% |
| Gross operating margin | 9900 | €85,333 | €74,630 | -€10,702 | -12.5% |
| Operating profit (loss) | 9901 | €76,210 | €65,572 | -€10,638 | -14.0% |
| Financial income | 75/76B | €22,756 | €0 | -€22,756 | -100.0% |
| Recurring financial income | 75 | €22,756 | €0 | -€22,756 | -100.0% |
| Financial charges | 65/66B | €2,338 | €2,296 | -€42 | -1.8% |
| Recurring financial charges | 65 | €2,338 | €2,296 | -€42 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €96,628 | €63,276 | -€33,352 | -34.5% |
| Income taxes | 67/77 | €21,459 | €17,732 | -€3,727 | -17.4% |
| Profit (loss) for the period | 9904 | €75,169 | €45,544 | -€29,625 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €75,169 | €45,544 | -€29,625 | -39.4% |
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 11 October 2026 via checked.be.