SAWAM GROUP: 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.
SAWAM GROUP
Largest movements
- Receivables within one year -€3,116
down €3,116 (-5.6%), from €55,195 to €52,079
of which Trade receivables: -€3,078
- Profit (loss) carried forward +€48,875
up €48,875, from -€36,984 to €11,891
- Other debts -€28,203
down €28,203 (-91.3%), from €30,900 to €2,697
- Tax, wage and social debts -€22,494
down €22,494 (-59.6%), from €37,732 to €15,238
of which Remuneration and social security: -€27,876
- Trade debts -€1,554
down €1,554 (-24.9%), from €6,243 to €4,689
- Gross operating margin +€33,501
up €33,501, from -€2,601 to €30,900
- Taxes +€14,677
up €14,677, from -€638 to €14,039
- Staff costs -€10,427
no longer reported in 2025 (was €10,427)
- Write-downs +€5,000
new in 2025: €5,000
- Financial charges -€2,650
down €2,650 (-72.3%), from €3,666 to €1,016
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 | €59,652 | €56,262 | -€3,391 | -5.7% |
| Current assets | 29/58 | €59,652 | €56,262 | -€3,391 | -5.7% |
| Stocks and contracts in progress | 3 | €4,125 | €3,850 | -€275 | -6.7% |
| Stocks | 30/36 | €4,125 | €3,850 | -€275 | -6.7% |
| Amounts receivable within one year | 40/41 | €55,195 | €52,079 | -€3,116 | -5.6% |
| Trade receivables | 40 | €55,157 | €52,079 | -€3,078 | -5.6% |
| Other amounts receivable | 41 | €38 | - | -€38 | |
| Cash at bank and in hand | 54/58 | €332 | €332 | = | 0.0% |
| Total equity and liabilities | 10/49 | €59,652 | €56,262 | -€3,391 | -5.7% |
| Equity | 10/15 | -€15,237 | €33,638 | +€48,875 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,147 | €3,147 | = | 0.0% |
| Non-distributable reserves | 130/1 | €409 | €409 | = | 0.0% |
| Reserves not available under the articles | 1311 | €409 | €409 | = | 0.0% |
| Distributable reserves | 133 | €2,738 | €2,738 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,984 | €11,891 | +€48,875 | |
| Amounts payable | 17/49 | €74,889 | €22,624 | -€52,265 | -69.8% |
| Amounts payable within one year | 42/48 | €74,889 | €22,624 | -€52,265 | -69.8% |
| Financial debts | 43 | €13 | - | -€13 | |
| Credit institutions | 430/8 | €13 | - | -€13 | |
| Trade debts | 44 | €6,243 | €4,689 | -€1,554 | -24.9% |
| Suppliers | 440/4 | €6,243 | €4,689 | -€1,554 | -24.9% |
| Taxes, remuneration and social security | 45 | €37,732 | €15,238 | -€22,494 | -59.6% |
| Taxes | 450/3 | €9,812 | €15,194 | +€5,382 | +54.8% |
| Remuneration and social security | 454/9 | €27,920 | €44 | -€27,876 | -99.8% |
| Other amounts payable | 47/48 | €30,900 | €2,697 | -€28,203 | -91.3% |
| Non-recurring operating income | 76A | - | €596 | +€596 | |
| Remuneration, social security and pensions | 62 | €10,427 | - | -€10,427 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,000 | +€5,000 | |
| Other operating charges | 640/8 | €3,556 | €4,170 | +€614 | +17.3% |
| Gross operating margin | 9900 | -€2,601 | €30,900 | +€33,501 | |
| Operating profit (loss) | 9901 | -€16,584 | €21,730 | +€38,314 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,666 | €1,016 | -€2,650 | -72.3% |
| Recurring financial charges | 65 | €3,666 | €1,016 | -€2,650 | -72.3% |
| Profit (loss) for the period before taxes | 9903 | -€20,249 | €20,714 | +€40,963 | |
| Income taxes | 67/77 | -€638 | €14,039 | +€14,677 | |
| Profit (loss) for the period | 9904 | -€19,612 | €6,675 | +€26,286 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,612 | €6,675 | +€26,286 |
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 30 October 2026 via checked.be.