Wconsult: 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.
What changed
Wconsult
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€38,717
2024 · €25,989+€12,729
Equity
€466,421
2024 · €427,704+€38,717
Cash
€5,737
2024 · €2,356+€3,381
Balance sheet total
€774,542
2024 · €770,230+€4,312
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Current portion of long-term debt -€41,164
no longer reported in 2025 (was €41,164)
- Reserves +€38,717
up €38,717 (+26.3%), from €147,042 to €185,759
Income statement
- Gross operating margin +€22,228
up €22,228 (+57.4%), from €38,700 to €60,928
- Taxes +€10,193
up €10,193 (+190.5%), from €5,350 to €15,542
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.
Result 2024
€25,989
Gross operating margin
+€22,228
Depreciation
+€162
Other operating charges
+€120
Financial income
+€32
Financial charges
+€379
Taxes
-€10,193
Result 2025
€38,717
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.
From operations
+€40,732
Investment
€0
Financing
-€37,352
Cash 2024
€2,356
From operations (derived)
+€40,732
Net result for the year
+€38,717
Depreciation
+€1,497
Receivables within one year
-€2,420
Smaller working-capital items
+€1
Trade debts
+€499
Tax, wage and social debts
+€3,755
Other debts
-€1,317
Financing
-€37,352
Debts after one year
+€3,813
Current portion of long-term debt
-€41,164
Cash 2025
€5,737
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €770,230 | €774,542 | +€4,312 | +0.6% |
| Fixed assets | 21/28 | €755,548 | €754,051 | -€1,497 | -0.2% |
| Tangible fixed assets | 22/27 | €2,943 | €1,446 | -€1,497 | -50.9% |
| Plant, machinery and equipment | 23 | €920 | €314 | -€606 | -65.8% |
| Furniture and vehicles | 24 | €1,452 | €659 | -€793 | -54.6% |
| Other tangible fixed assets | 26 | €571 | €472 | -€99 | -17.3% |
| Financial fixed assets | 28 | €752,605 | €752,605 | = | 0.0% |
| Current assets | 29/58 | €14,682 | €20,492 | +€5,809 | +39.6% |
| Amounts receivable within one year | 40/41 | €12,100 | €14,520 | +€2,420 | +20.0% |
| Trade receivables | 40 | €12,100 | €14,520 | +€2,420 | +20.0% |
| Cash at bank and in hand | 54/58 | €2,356 | €5,737 | +€3,381 | +143.5% |
| Deferred charges and accrued income | 490/1 | €226 | €235 | +€9 | +3.8% |
| Total equity and liabilities | 10/49 | €770,230 | €774,542 | +€4,312 | +0.6% |
| Equity | 10/15 | €427,704 | €466,421 | +€38,717 | +9.1% |
| Contributions | 10/11 | €145,560 | €145,560 | = | 0.0% |
| Revaluation surpluses | 12 | €125,122 | €125,122 | = | 0.0% |
| Reserves | 13 | €147,042 | €185,759 | +€38,717 | +26.3% |
| Distributable reserves | 133 | €147,042 | €185,759 | +€38,717 | +26.3% |
| Profit (loss) carried forward | 14 | €9,979 | €9,979 | = | 0.0% |
| Amounts payable | 17/49 | €342,527 | €308,121 | -€34,405 | -10.0% |
| Amounts payable after more than one year | 17 | €254,168 | €257,980 | +€3,813 | +1.5% |
| Financial debts | 170/4 | €20,000 | €20,000 | = | 0.0% |
| Other amounts payable | 178/9 | €234,168 | €237,980 | +€3,813 | +1.6% |
| Amounts payable within one year | 42/48 | €87,843 | €49,616 | -€38,227 | -43.5% |
| Current portion of amounts payable after more than one year | 42 | €41,164 | - | -€41,164 | |
| Trade debts | 44 | €15 | €514 | +€499 | +3326.0% |
| Suppliers | 440/4 | €15 | €514 | +€499 | +3326.0% |
| Taxes, remuneration and social security | 45 | €11,621 | €15,376 | +€3,755 | +32.3% |
| Taxes | 450/3 | €11,621 | €15,376 | +€3,755 | +32.3% |
| Other amounts payable | 47/48 | €35,043 | €33,726 | -€1,317 | -3.8% |
| Accrued charges and deferred income | 492/3 | €516 | €525 | +€9 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,659 | €1,497 | -€162 | -9.7% |
| Other operating charges | 640/8 | €895 | €775 | -€120 | -13.5% |
| Gross operating margin | 9900 | €38,700 | €60,928 | +€22,228 | +57.4% |
| Operating profit (loss) | 9901 | €36,146 | €58,656 | +€22,510 | +62.3% |
| Financial income | 75/76B | €1 | €33 | +€32 | +3900.0% |
| Recurring financial income | 75 | €1 | €33 | +€32 | +3900.0% |
| Financial charges | 65/66B | €4,808 | €4,429 | -€379 | -7.9% |
| Recurring financial charges | 65 | €4,808 | €4,429 | -€379 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €31,339 | €54,260 | +€22,921 | +73.1% |
| Income taxes | 67/77 | €5,350 | €15,542 | +€10,193 | +190.5% |
| Profit (loss) for the period | 9904 | €25,989 | €38,717 | +€12,729 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,989 | €38,717 | +€12,729 | +49.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.