S.W.CLEAN: 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.
S.W.CLEAN
Largest movements
- Cash -€80,499
down €80,499 (-45.2%), from €177,999 to €97,499
mainly Investment in fixed assets (net) (-€56,642) and Contributions, distributions and other (-€53,192)
- Tangible fixed assets +€42,903
up €42,903 (+372.3%), from €11,524 to €54,427
of which Furniture and vehicles: +€41,486
- Current investments -€23,183
down €23,183 (-13.8%), from €168,502 to €145,319
- Reserves -€44,818
down €44,818 (-14.9%), from €301,216 to €256,398
of which Distributable reserves: -€42,958
- Other debts -€10,973
down €10,973 (-33.4%), from €32,891 to €21,918
- Financial charges +€42,112
up €42,112 (+5332.4%), from €790 to €42,902
- Taxes -€10,749
down €10,749 (-72.4%), from €14,841 to €4,092
- Depreciation +€8,855
up €8,855 (+181.3%), from €4,885 to €13,740
- Gross operating margin +€6,363
up €6,363 (+5.7%), from €112,544 to €118,907
- Staff costs -€2,672
down €2,672 (-4.9%), from €54,829 to €52,157
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 | €378,035 | €318,347 | -€59,688 | -15.8% |
| Fixed assets | 21/28 | €11,524 | €54,427 | +€42,903 | +372.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €11,524 | €54,427 | +€42,903 | +372.3% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €9,049 | €10,465 | +€1,417 | +15.7% |
| Furniture and vehicles | 24 | €2,475 | €43,962 | +€41,486 | +1675.9% |
| Current assets | 29/58 | €366,511 | €263,920 | -€102,591 | -28.0% |
| Amounts receivable within one year | 40/41 | €15,367 | €15,772 | +€404 | +2.6% |
| Trade receivables | 40 | €15,367 | €15,772 | +€404 | +2.6% |
| Current investments | 50/53 | €168,502 | €145,319 | -€23,183 | -13.8% |
| Cash at bank and in hand | 54/58 | €177,999 | €97,499 | -€80,499 | -45.2% |
| Deferred charges and accrued income | 490/1 | €4,643 | €5,330 | +€687 | +14.8% |
| Total equity and liabilities | 10/49 | €378,035 | €318,347 | -€59,688 | -15.8% |
| Equity | 10/15 | €324,830 | €280,012 | -€44,818 | -13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €301,216 | €256,398 | -€44,818 | -14.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €299,356 | €256,398 | -€42,958 | -14.4% |
| Profit (loss) carried forward | 14 | €5,014 | €5,014 | = | 0.0% |
| Amounts payable | 17/49 | €53,205 | €38,335 | -€14,870 | -27.9% |
| Amounts payable within one year | 42/48 | €53,205 | €38,335 | -€14,870 | -27.9% |
| Trade debts | 44 | €2,759 | €602 | -€2,157 | -78.2% |
| Suppliers | 440/4 | €2,759 | €602 | -€2,157 | -78.2% |
| Taxes, remuneration and social security | 45 | €17,555 | €15,815 | -€1,740 | -9.9% |
| Taxes | 450/3 | €11,402 | €9,880 | -€1,521 | -13.3% |
| Remuneration and social security | 454/9 | €6,153 | €5,935 | -€218 | -3.5% |
| Other amounts payable | 47/48 | €32,891 | €21,918 | -€10,973 | -33.4% |
| Remuneration, social security and pensions | 62 | €54,829 | €52,157 | -€2,672 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,885 | €13,740 | +€8,855 | +181.3% |
| Other operating charges | 640/8 | €257 | €457 | +€200 | +77.7% |
| Gross operating margin | 9900 | €112,544 | €118,907 | +€6,363 | +5.7% |
| Operating profit (loss) | 9901 | €52,573 | €52,554 | -€19 | 0.0% |
| Financial income | 75/76B | €804 | €2,813 | +€2,009 | +249.9% |
| Recurring financial income | 75 | €804 | €2,813 | +€2,009 | +249.9% |
| Financial charges | 65/66B | €790 | €42,902 | +€42,112 | +5332.4% |
| Recurring financial charges | 65 | €790 | €42,902 | +€42,112 | +5332.4% |
| Profit (loss) for the period before taxes | 9903 | €52,588 | €12,466 | -€40,122 | -76.3% |
| Income taxes | 67/77 | €14,841 | €4,092 | -€10,749 | -72.4% |
| Profit (loss) for the period | 9904 | €37,747 | €8,374 | -€29,373 | -77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €37,747 | €8,374 | -€29,373 | -77.8% |
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 11 October 2026 via checked.be.