SaWe: 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.
SaWe
Largest movements
- Tangible fixed assets -€11,952
down €11,952 (-5.1%), from €233,215 to €221,263
- Cash +€4,917
up €4,917 (+554.2%), from €887 to €5,804
mainly Depreciation (+€11,952) and Net result for the year (+€4,503)
- Debts after one year -€17,141
down €17,141 (-8.3%), from €206,478 to €189,337
- Profit (loss) carried forward +€4,503
up €4,503, from -€2,849 to €1,654
- Current portion of long-term debt +€3,253
up €3,253 (+19.3%), from €16,833 to €20,086
- Other operating charges +€909
up €909 (+42.4%), from €2,145 to €3,054
- Staff costs -€387
down €387 (-100.0%), from €387 to €0
- Financial charges -€329
down €329 (-7.4%), from €4,470 to €4,141
- Taxes +€297
up €297, from €0 to €297
- Depreciation +€241
up €241 (+2.1%), from €11,711 to €11,952
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 | €239,301 | €232,267 | -€7,035 | -2.9% |
| Fixed assets | 21/28 | €233,215 | €221,263 | -€11,952 | -5.1% |
| Tangible fixed assets | 22/27 | €233,215 | €221,263 | -€11,952 | -5.1% |
| Land and buildings | 22 | €233,215 | €221,263 | -€11,952 | -5.1% |
| Current assets | 29/58 | €6,087 | €11,004 | +€4,917 | +80.8% |
| Amounts receivable within one year | 40/41 | €5,200 | €5,200 | = | 0.0% |
| Trade receivables | 40 | €3,750 | €3,750 | = | 0.0% |
| Other amounts receivable | 41 | €1,450 | €1,450 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €887 | €5,804 | +€4,917 | +554.2% |
| Total equity and liabilities | 10/49 | €239,301 | €232,267 | -€7,035 | -2.9% |
| Equity | 10/15 | €7,151 | €11,654 | +€4,503 | +63.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,849 | €1,654 | +€4,503 | |
| Amounts payable | 17/49 | €232,151 | €220,613 | -€11,538 | -5.0% |
| Amounts payable after more than one year | 17 | €206,478 | €189,337 | -€17,141 | -8.3% |
| Financial debts | 170/4 | €206,478 | €189,337 | -€17,141 | -8.3% |
| Amounts payable within one year | 42/48 | €25,673 | €31,121 | +€5,449 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €16,833 | €20,086 | +€3,253 | +19.3% |
| Trade debts | 44 | €8,840 | €10,573 | +€1,733 | +19.6% |
| Suppliers | 440/4 | €8,840 | €10,573 | +€1,733 | +19.6% |
| Taxes, remuneration and social security | 45 | €0 | €230 | +€230 | |
| Taxes | 450/3 | €0 | €230 | +€230 | |
| Other amounts payable | 47/48 | - | €232 | +€232 | |
| Accrued charges and deferred income | 492/3 | €0 | €155 | +€155 | |
| Remuneration, social security and pensions | 62 | €387 | €0 | -€387 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,711 | €11,952 | +€241 | +2.1% |
| Other operating charges | 640/8 | €2,145 | €3,054 | +€909 | +42.4% |
| Gross operating margin | 9900 | €24,090 | €23,946 | -€143 | -0.6% |
| Operating profit (loss) | 9901 | €9,847 | €8,941 | -€906 | -9.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,470 | €4,141 | -€329 | -7.4% |
| Recurring financial charges | 65 | €4,470 | €4,141 | -€329 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €5,377 | €4,800 | -€577 | -10.7% |
| Income taxes | 67/77 | €0 | €297 | +€297 | |
| Profit (loss) for the period | 9904 | €5,377 | €4,503 | -€874 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,377 | €4,503 | -€874 | -16.3% |
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 11 October 2026 via checked.be.