S-W TRANSPORT: what changed
S-W TRANSPORT
Largest movements
- Receivables within one year -€16,213
down €16,213 (-37.8%), from €42,887 to €26,674
of which Trade receivables: -€16,239
- Cash +€8,055
up €8,055 (+55.1%), from €14,608 to €22,663
mainly Net result for the year (+€22,052) and Receivables within one year (+€16,213)
- Tangible fixed assets +€1,745
up €1,745 (+13.7%), from €12,718 to €14,463
- Profit (loss) carried forward +€22,052
up €22,052 (+129%), from €17,141 to €39,193
- Other debts -€18,534
no longer reported in 2025 (was €18,534)
- Trade debts -€11,558
down €11,558 (-35.5%), from €32,538 to €20,980
of which Suppliers: -€11,723
- Tax, wage and social debts +€1,627
new in 2025: €1,627
- Turnover -€127,000
no longer reported in 2025 (was €127,000)
- Gross operating margin +€33,508
up €33,508 (+355%), from €9,429 to €42,937
- Other operating charges +€5,595
up €5,595 (+236%), from €2,367 to €7,962
- Staff costs +€4,891
new in 2025: €4,891
- Taxes +€3,416
new in 2025: €3,416
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,213 | €63,800 | -€6,413 | -9.1% |
| Fixed assets | 21/28 | €12,718 | €14,463 | +€1,745 | +13.7% |
| Tangible fixed assets | 22/27 | €12,718 | €14,463 | +€1,745 | +13.7% |
| Furniture and vehicles | 24 | €12,718 | €14,463 | +€1,745 | +13.7% |
| Current assets | 29/58 | €57,495 | €49,337 | -€8,158 | -14.2% |
| Amounts receivable within one year | 40/41 | €42,887 | €26,674 | -€16,213 | -37.8% |
| Trade receivables | 40 | €35,089 | €18,850 | -€16,239 | -46.3% |
| Other amounts receivable | 41 | €7,798 | €7,824 | +€26 | +0.3% |
| Cash at bank and in hand | 54/58 | €14,608 | €22,663 | +€8,055 | +55.1% |
| Total equity and liabilities | 10/49 | €70,213 | €63,800 | -€6,413 | -9.1% |
| Equity | 10/15 | €19,141 | €41,193 | +€22,052 | +115% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,141 | €39,193 | +€22,052 | +129% |
| Amounts payable | 17/49 | €51,072 | €22,607 | -€28,465 | -55.7% |
| Amounts payable within one year | 42/48 | €51,072 | €22,607 | -€28,465 | -55.7% |
| Trade debts | 44 | €32,538 | €20,980 | -€11,558 | -35.5% |
| Suppliers | 440/4 | €32,538 | €20,815 | -€11,723 | -36.0% |
| Bills of exchange payable | 441 | - | €165 | +€165 | |
| Taxes, remuneration and social security | 45 | - | €1,627 | +€1,627 | |
| Remuneration and social security | 454/9 | - | €1,627 | +€1,627 | |
| Other amounts payable | 47/48 | €18,534 | - | -€18,534 | |
| Turnover | 70 | €127,000 | - | -€127,000 | |
| Non-recurring operating income | 76A | €7,830 | - | -€7,830 | |
| Remuneration, social security and pensions | 62 | - | €4,891 | +€4,891 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,609 | €4,127 | -€1,482 | -26.4% |
| Other operating charges | 640/8 | €2,367 | €7,962 | +€5,595 | +236% |
| Gross operating margin | 9900 | €9,429 | €42,937 | +€33,508 | +355% |
| Operating profit (loss) | 9901 | €1,453 | €25,957 | +€24,504 | +1,686% |
| Financial income | 75/76B | - | €29 | +€29 | |
| Recurring financial income | 75 | - | €29 | +€29 | |
| Financial charges | 65/66B | €108 | €518 | +€410 | +380% |
| Recurring financial charges | 65 | €108 | €518 | +€410 | +380% |
| Profit (loss) for the period before taxes | 9903 | €1,345 | €25,468 | +€24,123 | +1,794% |
| Income taxes | 67/77 | - | €3,416 | +€3,416 | |
| Profit (loss) for the period | 9904 | €1,345 | €22,052 | +€20,707 | +1,540% |
| Profit (loss) for the period to be appropriated | 9905 | €1,345 | €22,052 | +€20,707 | +1,540% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.