Wath 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.
Wath Consulting
Largest movements
- Cash -€10,553
down €10,553 (-55.2%), from €19,131 to €8,579
mainly Contributions, distributions and other (-€68,600) and Receivables within one year (-€9,241)
- Receivables within one year +€9,241
up €9,241 (+102%), from €9,099 to €18,340
of which Trade receivables: +€5,747
- Tangible fixed assets -€1,089
down €1,089 (-21.4%), from €5,084 to €3,996
of which Other tangible fixed assets: -€769
- Deferred charges and accrued income -€682
down €682 (-37.6%), from €1,815 to €1,134
- Intangible fixed assets -€604
down €604 (-100%), from €604 to €0
- Trade debts -€4,982
down €4,982 (-65.4%), from €7,617 to €2,634
- Tax, wage and social debts +€3,247
up €3,247 (+13.3%), from €24,448 to €27,695
- Profit (loss) carried forward -€1,374
down €1,374 (-86.3%), from €1,593 to €219
- Other debts -€577
no longer reported in 2025 (was €577)
- Gross operating margin +€15,506
up €15,506 (+20.7%), from €75,001 to €90,507
- Taxes +€3,461
up €3,461 (+21.7%), from €15,973 to €19,434
- Depreciation -€1,825
down €1,825 (-35.4%), from €5,155 to €3,330
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 | €35,734 | €32,048 | -€3,686 | -10.3% |
| Fixed assets | 21/28 | €5,688 | €3,996 | -€1,692 | -29.8% |
| Intangible fixed assets | 21 | €604 | €0 | -€604 | -100% |
| Tangible fixed assets | 22/27 | €5,084 | €3,996 | -€1,089 | -21.4% |
| Furniture and vehicles | 24 | €3,914 | €3,595 | -€319 | -8.2% |
| Other tangible fixed assets | 26 | €1,170 | €401 | -€769 | -65.7% |
| Current assets | 29/58 | €30,046 | €28,052 | -€1,993 | -6.6% |
| Amounts receivable within one year | 40/41 | €9,099 | €18,340 | +€9,241 | +102% |
| Trade receivables | 40 | €9,099 | €14,845 | +€5,747 | +63.2% |
| Other amounts receivable | 41 | - | €3,494 | +€3,494 | |
| Cash at bank and in hand | 54/58 | €19,131 | €8,579 | -€10,553 | -55.2% |
| Deferred charges and accrued income | 490/1 | €1,815 | €1,134 | -€682 | -37.6% |
| Total equity and liabilities | 10/49 | €35,734 | €32,048 | -€3,686 | -10.3% |
| Equity | 10/15 | €3,093 | €1,719 | -€1,374 | -44.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,593 | €219 | -€1,374 | -86.3% |
| Amounts payable | 17/49 | €32,641 | €30,329 | -€2,312 | -7.1% |
| Amounts payable within one year | 42/48 | €32,641 | €30,329 | -€2,312 | -7.1% |
| Trade debts | 44 | €7,617 | €2,634 | -€4,982 | -65.4% |
| Suppliers | 440/4 | €7,617 | €2,634 | -€4,982 | -65.4% |
| Taxes, remuneration and social security | 45 | €24,448 | €27,695 | +€3,247 | +13.3% |
| Taxes | 450/3 | €24,448 | €27,695 | +€3,247 | +13.3% |
| Other amounts payable | 47/48 | €577 | - | -€577 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,155 | €3,330 | -€1,825 | -35.4% |
| Other operating charges | 640/8 | €402 | €414 | +€13 | +3.1% |
| Gross operating margin | 9900 | €75,001 | €90,507 | +€15,506 | +20.7% |
| Operating profit (loss) | 9901 | €69,444 | €86,762 | +€17,319 | +24.9% |
| Financial income | 75/76B | €51 | €271 | +€220 | +429% |
| Recurring financial income | 75 | €51 | €271 | +€220 | +429% |
| Financial charges | 65/66B | €871 | €374 | -€498 | -57.1% |
| Recurring financial charges | 65 | €871 | €374 | -€498 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €68,623 | €86,660 | +€18,036 | +26.3% |
| Income taxes | 67/77 | €15,973 | €19,434 | +€3,461 | +21.7% |
| Profit (loss) for the period | 9904 | €52,651 | €67,226 | +€14,575 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,651 | €67,226 | +€14,575 | +27.7% |
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 22 October 2026 via checked.be.