WAR Consulting: what changed
Two fiscal 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.
WAR Consulting
Largest movements
- Receivables within one year +€18,298
up €18,298 (+55.2%), from €33,161 to €51,459
of which Trade receivables: +€19,010
- Cash +€17,289
up €17,289 (+46.7%), from €37,015 to €54,304
mainly Other debts (+€74,000) and Net result for the year (+€57,764)
- Tangible fixed assets -€13,652
down €13,652 (-22.4%), from €61,074 to €47,421
of which Furniture and vehicles: -€11,674
- Other debts +€74,000
new in 2025: €74,000
- Profit (loss) carried forward -€46,236
down €46,236 (-99.0%), from €46,693 to €457
- Debts after one year -€11,973
down €11,973 (-30.4%), from €39,330 to €27,357
- Tax, wage and social debts +€8,348
up €8,348 (+68.4%), from €12,200 to €20,548
- Accrued charges and deferred income -€1,780
down €1,780 (-14.8%), from €12,000 to €10,220
- Gross operating margin +€15,152
up €15,152 (+20.4%), from €74,284 to €89,435
- Taxes +€2,758
up €2,758 (+21.4%), from €12,911 to €15,669
- Depreciation +€2,539
up €2,539 (+22.8%), from €11,113 to €13,652
- Other operating charges -€1,555
down €1,555 (-65.5%), from €2,375 to €820
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 | €133,177 | €155,133 | +€21,956 | +16.5% |
| Fixed assets | 21/28 | €61,074 | €47,421 | -€13,652 | -22.4% |
| Tangible fixed assets | 22/27 | €61,074 | €47,421 | -€13,652 | -22.4% |
| Plant, machinery and equipment | 23 | €11,631 | €10,427 | -€1,204 | -10.4% |
| Furniture and vehicles | 24 | €46,743 | €35,069 | -€11,674 | -25.0% |
| Other tangible fixed assets | 26 | €2,699 | €1,925 | -€774 | -28.7% |
| Current assets | 29/58 | €72,103 | €107,711 | +€35,608 | +49.4% |
| Amounts receivable within one year | 40/41 | €33,161 | €51,459 | +€18,298 | +55.2% |
| Trade receivables | 40 | €23,785 | €42,795 | +€19,010 | +79.9% |
| Other amounts receivable | 41 | €9,377 | €8,664 | -€712 | -7.6% |
| Cash at bank and in hand | 54/58 | €37,015 | €54,304 | +€17,289 | +46.7% |
| Deferred charges and accrued income | 490/1 | €1,927 | €1,948 | +€21 | +1.1% |
| Total equity and liabilities | 10/49 | €133,177 | €155,133 | +€21,956 | +16.5% |
| Equity | 10/15 | €56,693 | €10,457 | -€46,236 | -81.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,693 | €457 | -€46,236 | -99.0% |
| Amounts payable | 17/49 | €76,484 | €144,676 | +€68,192 | +89.2% |
| Amounts payable after more than one year | 17 | €39,330 | €27,357 | -€11,973 | -30.4% |
| Financial debts | 170/4 | €39,330 | €27,357 | -€11,973 | -30.4% |
| Amounts payable within one year | 42/48 | €25,154 | €107,099 | +€81,945 | +325.8% |
| Current portion of amounts payable after more than one year | 42 | €11,579 | €11,973 | +€394 | +3.4% |
| Trade debts | 44 | €1,375 | €578 | -€797 | -57.9% |
| Suppliers | 440/4 | €1,375 | €578 | -€797 | -57.9% |
| Taxes, remuneration and social security | 45 | €12,200 | €20,548 | +€8,348 | +68.4% |
| Taxes | 450/3 | €12,200 | €20,548 | +€8,348 | +68.4% |
| Other amounts payable | 47/48 | - | €74,000 | +€74,000 | |
| Accrued charges and deferred income | 492/3 | €12,000 | €10,220 | -€1,780 | -14.8% |
| Remuneration, social security and pensions | 62 | - | €407 | +€407 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,113 | €13,652 | +€2,539 | +22.8% |
| Other operating charges | 640/8 | €2,375 | €820 | -€1,555 | -65.5% |
| Gross operating margin | 9900 | €74,284 | €89,435 | +€15,152 | +20.4% |
| Operating profit (loss) | 9901 | €60,796 | €74,556 | +€13,760 | +22.6% |
| Financial income | 75/76B | €552 | €517 | -€34 | -6.2% |
| Recurring financial income | 75 | €552 | €517 | -€34 | -6.2% |
| Financial charges | 65/66B | €2,283 | €1,640 | -€643 | -28.2% |
| Recurring financial charges | 65 | €2,283 | €1,640 | -€643 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €59,064 | €73,433 | +€14,369 | +24.3% |
| Income taxes | 67/77 | €12,911 | €15,669 | +€2,758 | +21.4% |
| Profit (loss) for the period | 9904 | €46,153 | €57,764 | +€11,611 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,153 | €57,764 | +€11,611 | +25.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.