SALESWISE: what changed
SALESWISE
Largest movements
- Current investments -€375,000
down €375,000 (-73.0%), from €513,695 to €138,695
- Cash +€151,212
up €151,212 (+49.5%), from €305,276 to €456,488
mainly Net result for the year (+€584,764) and Current investments (+€375,000)
- Receivables after one year -€73,355
down €73,355 (-37.5%), from €195,460 to €122,104
- Receivables within one year -€71,831
down €71,831 (-12.6%), from €567,842 to €496,011
of which Trade receivables: -€112,048
- Other debts -€250,164
down €250,164 (-30.0%), from €834,928 to €584,764
- Reserves -€118,344
down €118,344 (-29.6%), from €399,482 to €281,137
of which Distributable reserves: -€118,344
- Trade debts +€61,103
up €61,103 (+68.2%), from €89,554 to €150,657
- Accrued charges and deferred income -€48,738
down €48,738 (-97.5%), from €50,007 to €1,269
- Staff costs +€244,448
up €244,448 (+21.5%), from €1.1m to €1.4m
- Gross operating margin -€106,342
down €106,342 (-4.6%), from €2.3m to €2.2m
- Taxes -€82,934
down €82,934 (-28.1%), from €295,091 to €212,157
- Financial income +€28,441
up €28,441 (+446,479%), from €6 to €28,447
of which Non-recurring financial income: +€20,231
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 | €1,640,690 | €1,268,206 | -€372,484 | -22.7% |
| Fixed assets | 21/28 | €13,973 | €17,579 | +€3,605 | +25.8% |
| Tangible fixed assets | 22/27 | €13,973 | €17,579 | +€3,605 | +25.8% |
| Furniture and vehicles | 24 | €13,973 | €17,579 | +€3,605 | +25.8% |
| Current assets | 29/58 | €1,626,717 | €1,250,628 | -€376,089 | -23.1% |
| Amounts receivable after more than one year | 29 | €195,460 | €122,104 | -€73,355 | -37.5% |
| Other amounts receivable | 291 | €195,460 | €122,104 | -€73,355 | -37.5% |
| Amounts receivable within one year | 40/41 | €567,842 | €496,011 | -€71,831 | -12.6% |
| Trade receivables | 40 | €561,415 | €449,367 | -€112,048 | -20.0% |
| Other amounts receivable | 41 | €6,427 | €46,643 | +€40,216 | +626% |
| Current investments | 50/53 | €513,695 | €138,695 | -€375,000 | -73.0% |
| Cash at bank and in hand | 54/58 | €305,276 | €456,488 | +€151,212 | +49.5% |
| Deferred charges and accrued income | 490/1 | €44,444 | €37,330 | -€7,115 | -16.0% |
| Total equity and liabilities | 10/49 | €1,640,690 | €1,268,206 | -€372,484 | -22.7% |
| Equity | 10/15 | €419,482 | €301,137 | -€118,344 | -28.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €399,482 | €281,137 | -€118,344 | -29.6% |
| Non-distributable reserves | 130/1 | €138,695 | €138,695 | = | 0.0% |
| Own shares acquired | 1312 | €138,695 | €138,695 | = | 0.0% |
| Distributable reserves | 133 | €260,787 | €142,442 | -€118,344 | -45.4% |
| Amounts payable | 17/49 | €1,221,208 | €967,069 | -€254,139 | -20.8% |
| Amounts payable within one year | 42/48 | €1,171,202 | €965,800 | -€205,402 | -17.5% |
| Trade debts | 44 | €89,554 | €150,657 | +€61,103 | +68.2% |
| Suppliers | 440/4 | €89,554 | €150,657 | +€61,103 | +68.2% |
| Taxes, remuneration and social security | 45 | €246,720 | €230,379 | -€16,341 | -6.6% |
| Taxes | 450/3 | €73,031 | €27,616 | -€45,415 | -62.2% |
| Remuneration and social security | 454/9 | €173,689 | €202,763 | +€29,074 | +16.7% |
| Other amounts payable | 47/48 | €834,928 | €584,764 | -€250,164 | -30.0% |
| Accrued charges and deferred income | 492/3 | €50,007 | €1,269 | -€48,738 | -97.5% |
| Non-recurring operating income | 76A | - | €95 | +€95 | |
| Remuneration, social security and pensions | 62 | €1,135,543 | €1,379,991 | +€244,448 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,430 | €10,045 | +€615 | +6.5% |
| Other operating charges | 640/8 | €22,751 | €25,077 | +€2,326 | +10.2% |
| Gross operating margin | 9900 | €2,328,093 | €2,221,751 | -€106,342 | -4.6% |
| Operating profit (loss) | 9901 | €1,160,370 | €806,639 | -€353,731 | -30.5% |
| Financial income | 75/76B | €6 | €28,447 | +€28,441 | +446,479% |
| Recurring financial income | 75 | €6 | €8,216 | +€8,210 | +128,879% |
| Non-recurring financial income | 76B | - | €20,231 | +€20,231 | |
| Financial charges | 65/66B | €30,357 | €38,165 | +€7,808 | +25.7% |
| Recurring financial charges | 65 | €30,357 | €38,165 | +€7,808 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €1,130,019 | €796,921 | -€333,098 | -29.5% |
| Income taxes | 67/77 | €295,091 | €212,157 | -€82,934 | -28.1% |
| Profit (loss) for the period | 9904 | €834,928 | €584,764 | -€250,164 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €834,928 | €584,764 | -€250,164 | -30.0% |
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.