SAWAD: 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.
SAWAD
Largest movements
- Cash +€1,676
up €1,676 (+22.4%), from €7,488 to €9,164
mainly Net result for the year (+€1,223) and Depreciation (+€879)
- Tangible fixed assets -€879
down €879 (-33.3%), from €2,637 to €1,758
- Profit (loss) carried forward +€1,223
up €1,223 (+45.5%), from -€2,686 to -€1,463
- Trade debts -€1,041
down €1,041 (-35.6%), from €2,924 to €1,883
- Tax, wage and social debts +€614
up €614 (+4.9%), from €12,627 to €13,241
of which Remuneration and social security: +€1,952
- Gross operating margin +€7,777
up €7,777 (+11.9%), from €65,440 to €73,217
- Staff costs -€2,045
down €2,045 (-2.9%), from €71,539 to €69,494
- Other operating charges -€1,116
down €1,116 (-50.0%), from €2,231 to €1,115
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,225 | €14,022 | +€797 | +6.0% |
| Fixed assets | 21/28 | €5,737 | €4,858 | -€879 | -15.3% |
| Tangible fixed assets | 22/27 | €2,637 | €1,758 | -€879 | -33.3% |
| Plant, machinery and equipment | 23 | €2,637 | €1,758 | -€879 | -33.3% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €7,488 | €9,164 | +€1,676 | +22.4% |
| Cash at bank and in hand | 54/58 | €7,488 | €9,164 | +€1,676 | +22.4% |
| Total equity and liabilities | 10/49 | €13,225 | €14,022 | +€797 | +6.0% |
| Equity | 10/15 | -€2,326 | -€1,102 | +€1,224 | +52.6% |
| Reserves | 13 | €360 | €361 | +€1 | +0.3% |
| Non-distributable reserves | 130/1 | €360 | €361 | +€1 | +0.3% |
| Legal reserve | 130 | €360 | - | -€360 | |
| Reserves not available under the articles | 1311 | - | €361 | +€361 | |
| Profit (loss) carried forward | 14 | -€2,686 | -€1,463 | +€1,223 | +45.5% |
| Amounts payable | 17/49 | €15,551 | €15,124 | -€427 | -2.7% |
| Amounts payable within one year | 42/48 | €15,551 | €15,124 | -€427 | -2.7% |
| Trade debts | 44 | €2,924 | €1,883 | -€1,041 | -35.6% |
| Suppliers | 440/4 | €2,924 | €1,883 | -€1,041 | -35.6% |
| Taxes, remuneration and social security | 45 | €12,627 | €13,241 | +€614 | +4.9% |
| Taxes | 450/3 | €4,866 | €3,528 | -€1,338 | -27.5% |
| Remuneration and social security | 454/9 | €7,761 | €9,713 | +€1,952 | +25.2% |
| Remuneration, social security and pensions | 62 | €71,539 | €69,494 | -€2,045 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €879 | €879 | = | 0.0% |
| Other operating charges | 640/8 | €2,231 | €1,115 | -€1,116 | -50.0% |
| Gross operating margin | 9900 | €65,440 | €73,217 | +€7,777 | +11.9% |
| Operating profit (loss) | 9901 | -€9,209 | €1,729 | +€10,938 | |
| Financial charges | 65/66B | €333 | €506 | +€173 | +52.0% |
| Recurring financial charges | 65 | €333 | €506 | +€173 | +52.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,542 | €1,223 | +€10,765 | |
| Profit (loss) for the period | 9904 | -€9,542 | €1,223 | +€10,765 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,542 | €1,223 | +€10,765 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.