S.W.N: what changed
S.W.N
Largest movements
- Receivables within one year -€8,648
no longer reported in 2024 (was €8,648)
of which Trade receivables: -€8,642
- Cash -€6,247
down €6,247 (-95.5%), from €6,541 to €294
mainly Debts after one year (-€34,136) and Net result for the year (-€15,307)
- Tangible fixed assets -€2,592
down €2,592 (-1.6%), from €160,745 to €158,153
of which Land and buildings: -€1,611
- Debts after one year -€34,136
down €34,136 (-21.3%), from €160,402 to €126,266
- Other debts +€32,728
new in 2024: €32,728
- Profit (loss) carried forward -€15,307
down €15,307 (-48.7%), from -€31,401 to -€46,708
- Trade debts +€3,314
up €3,314 (+36.2%), from €9,157 to €12,471
- Current portion of long-term debt -€1,783
down €1,783 (-11.8%), from €15,109 to €13,326
- Staff costs +€14,821
up €14,821 (+38.3%), from €38,665 to €53,486
- Other operating charges +€10,140
up €10,140 (+59.4%), from €17,059 to €27,199
- Gross operating margin +€7,744
up €7,744 (+9.9%), from €78,325 to €86,069
- Financial charges +€2,109
up €2,109 (+19.5%), from €10,829 to €12,939
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,048 | €162,274 | -€15,774 | -8.9% |
| Fixed assets | 21/28 | €160,745 | €158,153 | -€2,592 | -1.6% |
| Tangible fixed assets | 22/27 | €160,745 | €158,153 | -€2,592 | -1.6% |
| Land and buildings | 22 | €145,949 | €144,338 | -€1,611 | -1.1% |
| Plant, machinery and equipment | 23 | €11,441 | €10,761 | -€680 | -5.9% |
| Furniture and vehicles | 24 | €3,355 | €3,054 | -€301 | -9.0% |
| Current assets | 29/58 | €17,303 | €4,121 | -€13,182 | -76.2% |
| Stocks and contracts in progress | 3 | €2,115 | €3,425 | +€1,309 | +61.9% |
| Stocks | 30/36 | €2,115 | €3,425 | +€1,309 | +61.9% |
| Amounts receivable within one year | 40/41 | €8,648 | - | -€8,648 | |
| Trade receivables | 40 | €8,642 | - | -€8,642 | |
| Other amounts receivable | 41 | €5 | - | -€5 | |
| Cash at bank and in hand | 54/58 | €6,541 | €294 | -€6,247 | -95.5% |
| Deferred charges and accrued income | 490/1 | - | €403 | +€403 | |
| Total equity and liabilities | 10/49 | €178,048 | €162,274 | -€15,774 | -8.9% |
| Equity | 10/15 | -€11,401 | -€26,708 | -€15,307 | -134% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,401 | -€46,708 | -€15,307 | -48.7% |
| Amounts payable | 17/49 | €189,450 | €188,982 | -€468 | -0.2% |
| Amounts payable after more than one year | 17 | €160,402 | €126,266 | -€34,136 | -21.3% |
| Financial debts | 170/4 | €160,402 | €126,266 | -€34,136 | -21.3% |
| Amounts payable within one year | 42/48 | €29,048 | €62,716 | +€33,669 | +116% |
| Current portion of amounts payable after more than one year | 42 | €15,109 | €13,326 | -€1,783 | -11.8% |
| Trade debts | 44 | €9,157 | €12,471 | +€3,314 | +36.2% |
| Suppliers | 440/4 | €9,157 | €12,471 | +€3,314 | +36.2% |
| Taxes, remuneration and social security | 45 | €4,781 | €4,191 | -€590 | -12.3% |
| Taxes | 450/3 | €947 | €1,112 | +€165 | +17.5% |
| Remuneration and social security | 454/9 | €3,834 | €3,078 | -€756 | -19.7% |
| Other amounts payable | 47/48 | - | €32,728 | +€32,728 | |
| Remuneration, social security and pensions | 62 | €38,665 | €53,486 | +€14,821 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,045 | €7,752 | +€707 | +10.0% |
| Other operating charges | 640/8 | €17,059 | €27,199 | +€10,140 | +59.4% |
| Gross operating margin | 9900 | €78,325 | €86,069 | +€7,744 | +9.9% |
| Operating profit (loss) | 9901 | €15,555 | -€2,368 | -€17,923 | |
| Financial income | 75/76B | €40 | - | -€40 | |
| Recurring financial income | 75 | €40 | - | -€40 | |
| Financial charges | 65/66B | €10,829 | €12,939 | +€2,109 | +19.5% |
| Recurring financial charges | 65 | €10,829 | €12,939 | +€2,109 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €4,766 | -€15,307 | -€20,073 | |
| Profit (loss) for the period | 9904 | €4,766 | -€15,307 | -€20,073 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,766 | -€15,307 | -€20,073 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.