W&F Consult: what changed
What changed
W&F Consult
NACE 66.220, Insurance agents and brokers
filed annual accounts (NBB)
Net result for the year
€41,418
2024 · €53,821-€12,403
Equity
€8,057
2024 · €8,057
Cash
€50,868
2024 · €117,970-€67,102
Balance sheet total
€491,625
2024 · €361,225+€130,399
Largest movements
Assets
- Tangible fixed assets +€215,909
up €215,909 (+688%), from €31,368 to €247,277
of which Land and buildings: +€217,218
- Cash -€67,102
down €67,102 (-56.9%), from €117,970 to €50,868
mainly Investment in fixed assets (net) (-€225,285) and Contributions, distributions and other (-€41,418)
- Intangible fixed assets -€25,000
down €25,000 (-15.0%), from €166,644 to €141,644
Equity and liabilities
- Debts after one year +€147,439
up €147,439 (+71.6%), from €205,867 to €353,306
- Other debts -€12,403
down €12,403 (-23.0%), from €53,821 to €41,418
- Accrued charges and deferred income -€5,113
down €5,113 (-34.1%), from €15,000 to €9,887
Income statement
- Financial charges +€14,602
up €14,602 (+282%), from €5,180 to €19,782
- Staff costs +€6,084
up €6,084 (+8.4%), from €72,011 to €78,095
- Taxes -€4,942
down €4,942 (-21.6%), from €22,850 to €17,908
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€53,821
Gross operating margin
+€994
Staff costs
-€6,084
Depreciation
+€1,837
Other operating charges
-€38
Other operating items
+€9
Financial income
+€538
Financial charges
-€14,602
Taxes
+€4,942
Result 2025
€41,418
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€47,369
Investment
-€225,285
Financing
+€110,814
Cash 2024
€117,970
From operations (derived)
+€47,369
Net result for the year
+€41,418
Depreciation
+€34,376
Receivables within one year
-€2,863
Deferred charges and accrued income
-€3,729
Trade debts
-€274
Tax, wage and social debts
-€4,042
Other debts
-€12,403
Accrued charges and deferred income
-€5,113
Investment (derived)
-€225,285
Investment in fixed assets (net)
-€225,285
Financing
+€110,814
Debts after one year
+€147,439
Current portion of long-term debt
+€4,793
Contributions, distributions and other
-€41,418
Cash 2025
€50,868
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €361,225 | €491,625 | +€130,399 | +36.1% |
| Fixed assets | 21/28 | €199,294 | €390,203 | +€190,909 | +95.8% |
| Intangible fixed assets | 21 | €166,644 | €141,644 | -€25,000 | -15.0% |
| Tangible fixed assets | 22/27 | €31,368 | €247,277 | +€215,909 | +688% |
| Land and buildings | 22 | €28,983 | €246,200 | +€217,218 | +749% |
| Furniture and vehicles | 24 | €2,386 | €1,077 | -€1,309 | -54.9% |
| Financial fixed assets | 28 | €1,282 | €1,282 | = | 0.0% |
| Current assets | 29/58 | €161,931 | €101,422 | -€60,510 | -37.4% |
| Amounts receivable within one year | 40/41 | €7,032 | €9,895 | +€2,863 | +40.7% |
| Other amounts receivable | 41 | €7,032 | €9,895 | +€2,863 | +40.7% |
| Cash at bank and in hand | 54/58 | €117,970 | €50,868 | -€67,102 | -56.9% |
| Deferred charges and accrued income | 490/1 | €36,929 | €40,658 | +€3,729 | +10.1% |
| Total equity and liabilities | 10/49 | €361,225 | €491,625 | +€130,399 | +36.1% |
| Equity | 10/15 | €8,057 | €8,057 | = | 0.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Amounts payable | 17/49 | €353,169 | €483,568 | +€130,399 | +36.9% |
| Amounts payable after more than one year | 17 | €205,867 | €353,306 | +€147,439 | +71.6% |
| Financial debts | 170/4 | €205,867 | €353,306 | +€147,439 | +71.6% |
| Amounts payable within one year | 42/48 | €132,302 | €120,375 | -€11,927 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €53,254 | €58,047 | +€4,793 | +9.0% |
| Trade debts | 44 | €7,240 | €6,966 | -€274 | -3.8% |
| Suppliers | 440/4 | €7,240 | €6,966 | -€274 | -3.8% |
| Taxes, remuneration and social security | 45 | €17,987 | €13,944 | -€4,042 | -22.5% |
| Taxes | 450/3 | €8,245 | €3,766 | -€4,479 | -54.3% |
| Remuneration and social security | 454/9 | €9,741 | €10,178 | +€437 | +4.5% |
| Other amounts payable | 47/48 | €53,821 | €41,418 | -€12,403 | -23.0% |
| Accrued charges and deferred income | 492/3 | €15,000 | €9,887 | -€5,113 | -34.1% |
| Non-recurring operating income | 76A | €6,500 | €0 | -€6,500 | -100.0% |
| Remuneration, social security and pensions | 62 | €72,011 | €78,095 | +€6,084 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,213 | €34,376 | -€1,837 | -5.1% |
| Other operating charges | 640/8 | €2,865 | €2,903 | +€38 | +1.3% |
| Non-recurring operating charges | 66A | €22 | €13 | -€9 | -39.1% |
| Gross operating margin | 9900 | €192,611 | €193,606 | +€994 | +0.5% |
| Operating profit (loss) | 9901 | €81,499 | €78,218 | -€3,282 | -4.0% |
| Financial income | 75/76B | €352 | €890 | +€538 | +153% |
| Recurring financial income | 75 | €352 | €890 | +€538 | +153% |
| Financial charges | 65/66B | €5,180 | €19,782 | +€14,602 | +282% |
| Recurring financial charges | 65 | €5,180 | €19,782 | +€14,602 | +282% |
| Profit (loss) for the period before taxes | 9903 | €76,671 | €59,326 | -€17,346 | -22.6% |
| Income taxes | 67/77 | €22,850 | €17,908 | -€4,942 | -21.6% |
| Profit (loss) for the period | 9904 | €53,821 | €41,418 | -€12,403 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,821 | €41,418 | -€12,403 | -23.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.