S.W. Constructing: 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.
S.W. Constructing
Largest movements
- Cash -€6,905
down €6,905 (-39.0%), from €17,720 to €10,815
mainly Tax, wage and social debts (-€15,636) and Short-term financial debts (-€2,414)
- Tangible fixed assets -€4,189
down €4,189 (-40.8%), from €10,260 to €6,071
of which Furniture and vehicles: -€3,496
- Receivables within one year -€1,411
down €1,411 (-12.3%), from €11,507 to €10,096
of which Trade receivables: -€6,375
- Tax, wage and social debts -€15,636
down €15,636 (-99.1%), from €15,775 to €140
- Profit (loss) carried forward +€6,448
up €6,448 (+58.1%), from €11,099 to €17,548
- Short-term financial debts -€2,414
no longer reported in 2024 (was €2,414)
- Trade debts -€904
down €904 (-45.7%), from €1,978 to €1,075
- Gross operating margin +€57,173
up €57,173, from -€45,808 to €11,365
- Depreciation -€2,123
down €2,123 (-33.6%), from €6,311 to €4,189
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,487 | €26,982 | -€12,505 | -31.7% |
| Fixed assets | 21/28 | €10,260 | €6,071 | -€4,189 | -40.8% |
| Tangible fixed assets | 22/27 | €10,260 | €6,071 | -€4,189 | -40.8% |
| Plant, machinery and equipment | 23 | €1,331 | €638 | -€693 | -52.1% |
| Furniture and vehicles | 24 | €8,928 | €5,433 | -€3,496 | -39.2% |
| Current assets | 29/58 | €29,227 | €20,911 | -€8,316 | -28.5% |
| Amounts receivable within one year | 40/41 | €11,507 | €10,096 | -€1,411 | -12.3% |
| Trade receivables | 40 | €6,375 | - | -€6,375 | |
| Other amounts receivable | 41 | €5,132 | €10,096 | +€4,964 | +96.7% |
| Cash at bank and in hand | 54/58 | €17,720 | €10,815 | -€6,905 | -39.0% |
| Total equity and liabilities | 10/49 | €39,487 | €26,982 | -€12,505 | -31.7% |
| Equity | 10/15 | €19,319 | €25,768 | +€6,448 | +33.4% |
| Contributions | 10/11 | €7,600 | €7,600 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,099 | €17,548 | +€6,448 | +58.1% |
| Amounts payable | 17/49 | €20,167 | €1,214 | -€18,953 | -94.0% |
| Amounts payable within one year | 42/48 | €20,167 | €1,214 | -€18,953 | -94.0% |
| Financial debts | 43 | €2,414 | - | -€2,414 | |
| Credit institutions | 430/8 | €2,414 | - | -€2,414 | |
| Trade debts | 44 | €1,978 | €1,075 | -€904 | -45.7% |
| Suppliers | 440/4 | €1,978 | €1,075 | -€904 | -45.7% |
| Taxes, remuneration and social security | 45 | €15,775 | €140 | -€15,636 | -99.1% |
| Taxes | 450/3 | €15,775 | €140 | -€15,636 | -99.1% |
| Remuneration, social security and pensions | 62 | €450 | - | -€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,311 | €4,189 | -€2,123 | -33.6% |
| Other operating charges | 640/8 | €195 | €399 | +€204 | +104.5% |
| Non-recurring operating charges | 66A | €126 | €58 | -€68 | -54.0% |
| Gross operating margin | 9900 | -€45,808 | €11,365 | +€57,173 | |
| Operating profit (loss) | 9901 | -€52,891 | €6,718 | +€59,610 | |
| Financial charges | 65/66B | €128 | €131 | +€3 | +2.1% |
| Recurring financial charges | 65 | €128 | €131 | +€3 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€53,019 | €6,588 | +€59,607 | |
| Income taxes | 67/77 | €132 | €140 | +€8 | +6.1% |
| Profit (loss) for the period | 9904 | -€53,151 | €6,448 | +€59,599 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,151 | €6,448 | +€59,599 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.