S & W Holding: 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 Holding
Largest movements
- Receivables within one year +€26,146
up €26,146 (+19.4%), from €135,000 to €161,146
of which Other amounts receivable: +€24,146
- Cash -€19,878
down €19,878 (-33.4%), from €59,445 to €39,567
mainly Contributions, distributions and other (-€180,529) and Receivables within one year (-€26,146)
- Other debts +€165,289
up €165,289 (+1,085%), from €15,240 to €180,529
- Reserves -€151,344
down €151,344 (-49.3%), from €307,181 to €155,837
- Gross operating margin -€19,326
down €19,326 (-29.6%), from €65,217 to €45,891
- Taxes -€7,810
down €7,810 (-35.5%), from €22,024 to €14,214
- Financial charges +€4,213
up €4,213 (+254%), from €1,658 to €5,871
- Financial income +€3,504
up €3,504 (+122%), from €2,878 to €6,382
- Depreciation +€911
up €911 (+152%), from €599 to €1,510
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.
Derived cash bridge
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 | €678,707 | €690,535 | +€11,828 | +1.7% |
| Fixed assets | 21/28 | €359,859 | €365,361 | +€5,502 | +1.5% |
| Tangible fixed assets | 22/27 | €4,859 | €10,361 | +€5,502 | +113% |
| Plant, machinery and equipment | 23 | €4,608 | €7,365 | +€2,757 | +59.8% |
| Furniture and vehicles | 24 | €251 | €2,996 | +€2,745 | +1,095% |
| Financial fixed assets | 28 | €355,000 | €355,000 | = | 0.0% |
| Current assets | 29/58 | €318,848 | €325,174 | +€6,326 | +2.0% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Trade receivables | 290 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €135,000 | €161,146 | +€26,146 | +19.4% |
| Trade receivables | 40 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 41 | €135,000 | €159,146 | +€24,146 | +17.9% |
| Cash at bank and in hand | 54/58 | €59,445 | €39,567 | -€19,878 | -33.4% |
| Deferred charges and accrued income | 490/1 | €24,403 | €24,461 | +€58 | +0.2% |
| Total equity and liabilities | 10/49 | €678,707 | €690,535 | +€11,828 | +1.7% |
| Equity | 10/15 | €652,738 | €501,394 | -€151,344 | -23.2% |
| Contributions | 10/11 | €355,000 | €355,000 | = | 0.0% |
| Contributions outside capital | 11 | €355,000 | €355,000 | = | 0.0% |
| Share premium | 1100/10 | €355,000 | €355,000 | = | 0.0% |
| Reserves | 13 | €307,181 | €155,837 | -€151,344 | -49.3% |
| Distributable reserves | 133 | €307,181 | €155,837 | -€151,344 | -49.3% |
| Profit (loss) carried forward | 14 | -€9,443 | -€9,443 | = | 0.0% |
| Amounts payable | 17/49 | €25,969 | €189,141 | +€163,172 | +628% |
| Amounts payable within one year | 42/48 | €24,212 | €187,898 | +€163,687 | +676% |
| Trade debts | 44 | €1,255 | €3,955 | +€2,700 | +215% |
| Suppliers | 440/4 | €1,255 | €3,955 | +€2,700 | +215% |
| Taxes, remuneration and social security | 45 | €7,718 | €3,415 | -€4,303 | -55.8% |
| Taxes | 450/3 | €7,718 | €3,415 | -€4,303 | -55.8% |
| Other amounts payable | 47/48 | €15,240 | €180,529 | +€165,289 | +1,085% |
| Accrued charges and deferred income | 492/3 | €1,757 | €1,243 | -€515 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €599 | €1,510 | +€911 | +152% |
| Other operating charges | 640/8 | €816 | €1,494 | +€678 | +83.1% |
| Gross operating margin | 9900 | €65,217 | €45,891 | -€19,326 | -29.6% |
| Operating profit (loss) | 9901 | €63,803 | €42,887 | -€20,916 | -32.8% |
| Financial income | 75/76B | €2,878 | €6,382 | +€3,504 | +122% |
| Recurring financial income | 75 | €2,878 | €6,382 | +€3,504 | +122% |
| Financial charges | 65/66B | €1,658 | €5,871 | +€4,213 | +254% |
| Recurring financial charges | 65 | €1,658 | €5,871 | +€4,213 | +254% |
| Profit (loss) for the period before taxes | 9903 | €65,023 | €43,399 | -€21,625 | -33.3% |
| Income taxes | 67/77 | €22,024 | €14,214 | -€7,810 | -35.5% |
| Profit (loss) for the period | 9904 | €42,999 | €29,185 | -€13,815 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,999 | €29,185 | -€13,815 | -32.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.