BSWKine: 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.
BSWKine
Largest movements
- Cash +€10,554
up €10,554 (+231%), from €4,575 to €15,129
mainly Net result for the year (+€20,559) and Tax, wage and social debts (+€3,982)
- Deferred charges and accrued income +€2,289
up €2,289 (+17.2%), from €13,311 to €15,600
- Formation expenses -€1,399
down €1,399 (-33.6%), from €4,165 to €2,766
- Reserves +€19,726
up €19,726 (+2,884%), from €684 to €20,410
- Other debts -€10,344
down €10,344 (-65.7%), from €15,750 to €5,406
- Tax, wage and social debts +€3,982
up €3,982 (+213%), from €1,871 to €5,854
- Trade debts -€1,921
down €1,921 (-69.9%), from €2,747 to €826
- Gross operating margin +€26,847
up €26,847 (+3,028%), from €887 to €27,734
- Taxes +€5,433
up €5,433 (+3,177%), from €171 to €5,604
- Depreciation +€1,367
up €1,367 (+4,321%), from €32 to €1,399
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 | €22,052 | €33,496 | +€11,444 | +51.9% |
| Formation expenses | 20 | €4,165 | €2,766 | -€1,399 | -33.6% |
| Current assets | 29/58 | €17,887 | €30,729 | +€12,843 | +71.8% |
| Cash at bank and in hand | 54/58 | €4,575 | €15,129 | +€10,554 | +231% |
| Deferred charges and accrued income | 490/1 | €13,311 | €15,600 | +€2,289 | +17.2% |
| Total equity and liabilities | 10/49 | €22,052 | €33,496 | +€11,444 | +51.9% |
| Equity | 10/15 | €1,684 | €21,410 | +€19,726 | +1,171% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €684 | €20,410 | +€19,726 | +2,884% |
| Distributable reserves | 133 | €684 | €20,410 | +€19,726 | +2,884% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €20,368 | €12,086 | -€8,282 | -40.7% |
| Amounts payable within one year | 42/48 | €20,368 | €12,086 | -€8,282 | -40.7% |
| Trade debts | 44 | €2,747 | €826 | -€1,921 | -69.9% |
| Suppliers | 440/4 | €2,747 | €826 | -€1,921 | -69.9% |
| Taxes, remuneration and social security | 45 | €1,871 | €5,854 | +€3,982 | +213% |
| Taxes | 450/3 | €1,871 | €5,854 | +€3,982 | +213% |
| Other amounts payable | 47/48 | €15,750 | €5,406 | -€10,344 | -65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32 | €1,399 | +€1,367 | +4,321% |
| Other operating charges | 640/8 | - | €128 | +€128 | |
| Gross operating margin | 9900 | €887 | €27,734 | +€26,847 | +3,028% |
| Operating profit (loss) | 9901 | €855 | €26,208 | +€25,353 | +2,965% |
| Financial charges | 65/66B | - | €45 | +€45 | |
| Recurring financial charges | 65 | - | €45 | +€45 | |
| Profit (loss) for the period before taxes | 9903 | €855 | €26,163 | +€25,308 | +2,960% |
| Income taxes | 67/77 | €171 | €5,604 | +€5,433 | +3,177% |
| Profit (loss) for the period | 9904 | €684 | €20,559 | +€19,875 | +2,905% |
| Profit (loss) for the period to be appropriated | 9905 | €684 | €20,559 | +€19,875 | +2,905% |
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 14 October 2026 via checked.be.