SAW-DUR: 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.
SAW-DUR
Largest movements
- Stocks and contracts -€9,010
no longer reported in 2025 (was €9,010)
of which Stocks: -€6,058
- Cash -€8,070
down €8,070 (-79.4%), from €10,169 to €2,099
mainly Tax, wage and social debts (-€13,909) and Net result for the year (-€7,762)
- Receivables within one year -€1,645
down €1,645 (-94.0%), from €1,750 to €105
of which Other amounts receivable: -€831
- Deferred charges and accrued income -€250
no longer reported in 2025 (was €250)
- Tax, wage and social debts -€13,909
down €13,909 (-91.4%), from €15,214 to €1,305
- Profit (loss) carried forward -€7,762
down €7,762, from €3,896 to -€3,866
- Other debts +€3,201
new in 2025: €3,201
- Trade debts -€504
down €504 (-16.3%), from €3,089 to €2,585
- Purchases and services -€57,825
no longer reported in 2025 (was €57,825)
- Gross operating margin -€10,582
down €10,582, from €5,390 to -€5,192
- Other operating charges -€1,833
down €1,833 (-57.0%), from €3,218 to €1,384
- Financial charges +€443
up €443 (+59.2%), from €748 to €1,192
- Depreciation -€67
no longer reported in 2025 (was €67)
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.
Derived cash bridge
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 | €22,200 | €3,225 | -€18,974 | -85.5% |
| Fixed assets | 21/28 | €1,021 | €1,021 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,021 | €1,021 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,021 | €1,021 | = | 0.0% |
| Current assets | 29/58 | €21,178 | €2,204 | -€18,974 | -89.6% |
| Stocks and contracts in progress | 3 | €9,010 | - | -€9,010 | |
| Stocks | 30/36 | €6,058 | - | -€6,058 | |
| Contracts in progress | 37 | €2,952 | - | -€2,952 | |
| Amounts receivable within one year | 40/41 | €1,750 | €105 | -€1,645 | -94.0% |
| Trade receivables | 40 | €919 | €105 | -€813 | -88.5% |
| Other amounts receivable | 41 | €831 | - | -€831 | |
| Cash at bank and in hand | 54/58 | €10,169 | €2,099 | -€8,070 | -79.4% |
| Deferred charges and accrued income | 490/1 | €250 | - | -€250 | |
| Total equity and liabilities | 10/49 | €22,200 | €3,225 | -€18,974 | -85.5% |
| Equity | 10/15 | €3,897 | -€3,865 | -€7,762 | |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,896 | -€3,866 | -€7,762 | |
| Amounts payable | 17/49 | €18,303 | €7,091 | -€11,212 | -61.3% |
| Amounts payable within one year | 42/48 | €18,303 | €7,091 | -€11,212 | -61.3% |
| Trade debts | 44 | €3,089 | €2,585 | -€504 | -16.3% |
| Suppliers | 440/4 | €3,089 | €2,585 | -€504 | -16.3% |
| Taxes, remuneration and social security | 45 | €15,214 | €1,305 | -€13,909 | -91.4% |
| Taxes | 450/3 | €15,214 | €1,305 | -€13,909 | -91.4% |
| Other amounts payable | 47/48 | - | €3,201 | +€3,201 | |
| Goods, raw materials, services and sundry goods | 60/61 | €57,825 | - | -€57,825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67 | - | -€67 | |
| Other operating charges | 640/8 | €3,218 | €1,384 | -€1,833 | -57.0% |
| Gross operating margin | 9900 | €5,390 | -€5,192 | -€10,582 | |
| Operating profit (loss) | 9901 | €2,105 | -€6,577 | -€8,681 | |
| Financial income | 75/76B | €0 | €6 | +€6 | +60,800% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +60,800% |
| Financial charges | 65/66B | €748 | €1,192 | +€443 | +59.2% |
| Recurring financial charges | 65 | €748 | €1,192 | +€443 | +59.2% |
| Profit (loss) for the period before taxes | 9903 | €1,356 | -€7,762 | -€9,119 | |
| Income taxes | 67/77 | €14 | - | -€14 | |
| Profit (loss) for the period | 9904 | €1,342 | -€7,762 | -€9,104 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,342 | -€7,762 | -€9,104 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.