SANWELL: 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.
SANWELL
Largest movements
- Receivables within one year -€3,103
no longer reported in 2025 (was €3,103)
- Cash -€2,054
down €2,054 (-20.8%), from €9,875 to €7,821
mainly Net result for the year (-€3,638) and Accrued charges and deferred income (-€1,520)
- Profit (loss) carried forward -€3,638
down €3,638 (-4.1%), from -€88,542 to -€92,179
- Accrued charges and deferred income -€1,520
no longer reported in 2025 (was €1,520)
- Gross operating margin +€5,162
up €5,162 (+63.1%), from -€8,174 to -€3,013
- Other operating charges -€1,046
down €1,046 (-70.4%), from €1,486 to €440
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,978 | €7,821 | -€5,158 | -39.7% |
| Current assets | 29/58 | €12,978 | €7,821 | -€5,158 | -39.7% |
| Amounts receivable within one year | 40/41 | €3,103 | - | -€3,103 | |
| Other amounts receivable | 41 | €3,103 | - | -€3,103 | |
| Cash at bank and in hand | 54/58 | €9,875 | €7,821 | -€2,054 | -20.8% |
| Total equity and liabilities | 10/49 | €12,978 | €7,821 | -€5,158 | -39.7% |
| Equity | 10/15 | €11,458 | €7,821 | -€3,638 | -31.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,542 | -€92,179 | -€3,638 | -4.1% |
| Amounts payable | 17/49 | €1,520 | - | -€1,520 | |
| Accrued charges and deferred income | 492/3 | €1,520 | - | -€1,520 | |
| Other operating charges | 640/8 | €1,486 | €440 | -€1,046 | -70.4% |
| Gross operating margin | 9900 | -€8,174 | -€3,013 | +€5,162 | +63.1% |
| Operating profit (loss) | 9901 | -€9,661 | -€3,453 | +€6,208 | +64.3% |
| Financial charges | 65/66B | €161 | €185 | +€24 | +14.7% |
| Recurring financial charges | 65 | €161 | €185 | +€24 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,822 | -€3,638 | +€6,184 | +63.0% |
| Profit (loss) for the period | 9904 | -€9,822 | -€3,638 | +€6,184 | +63.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,822 | -€3,638 | +€6,184 | +63.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.