SaWe Consult: 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 Consult
Largest movements
- Cash +€80,947
up €80,947 (+136%), from €59,630 to €140,578
mainly Net result for the year (+€56,718) and Current investments (+€45,000)
- Current investments -€45,000
down €45,000 (-100%), from €45,000 to €0
- Receivables within one year +€22,280
up €22,280 (+304%), from €7,319 to €29,599
- Profit (loss) carried forward +€56,718
new in 2025: €56,718
- Gross operating margin +€18,719
up €18,719 (+33.5%), from €55,806 to €74,525
- Financial income +€976
up €976 (+1,952,900%), from €0 to €977
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 | €116,072 | €172,693 | +€56,621 | +48.8% |
| Fixed assets | 21/28 | €3,478 | €2,517 | -€961 | -27.6% |
| Tangible fixed assets | 22/27 | €3,478 | €2,517 | -€961 | -27.6% |
| Furniture and vehicles | 24 | €3,478 | €2,517 | -€961 | -27.6% |
| Current assets | 29/58 | €112,594 | €170,176 | +€57,582 | +51.1% |
| Amounts receivable within one year | 40/41 | €7,319 | €29,599 | +€22,280 | +304% |
| Trade receivables | 40 | €7,319 | €29,599 | +€22,280 | +304% |
| Current investments | 50/53 | €45,000 | €0 | -€45,000 | -100% |
| Cash at bank and in hand | 54/58 | €59,630 | €140,578 | +€80,947 | +136% |
| Deferred charges and accrued income | 490/1 | €645 | €0 | -€645 | -100% |
| Total equity and liabilities | 10/49 | €116,072 | €172,693 | +€56,621 | +48.8% |
| Equity | 10/15 | €90,683 | €147,401 | +€56,718 | +62.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €85,683 | €85,683 | = | 0.0% |
| Distributable reserves | 133 | €85,683 | €85,683 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €56,718 | +€56,718 | |
| Amounts payable | 17/49 | €25,389 | €25,292 | -€97 | -0.4% |
| Amounts payable within one year | 42/48 | €25,389 | €25,292 | -€97 | -0.4% |
| Trade debts | 44 | €1,179 | €2,132 | +€953 | +80.9% |
| Suppliers | 440/4 | €1,179 | €2,132 | +€953 | +80.9% |
| Taxes, remuneration and social security | 45 | €20,735 | €19,366 | -€1,369 | -6.6% |
| Taxes | 450/3 | €20,735 | €19,366 | -€1,369 | -6.6% |
| Other amounts payable | 47/48 | €3,475 | €3,794 | +€319 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333 | €961 | +€628 | +189% |
| Other operating charges | 640/8 | €296 | €673 | +€377 | +127% |
| Non-recurring operating charges | 66A | €6 | €0 | -€6 | -100% |
| Gross operating margin | 9900 | €55,806 | €74,525 | +€18,719 | +33.5% |
| Operating profit (loss) | 9901 | €55,172 | €72,892 | +€17,720 | +32.1% |
| Financial income | 75/76B | €0 | €977 | +€976 | +1,952,900% |
| Recurring financial income | 75 | €0 | €977 | +€976 | +1,952,900% |
| Financial charges | 65/66B | €2,772 | €2,077 | -€695 | -25.1% |
| Recurring financial charges | 65 | €2,772 | €2,077 | -€695 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €52,400 | €71,791 | +€19,392 | +37.0% |
| Income taxes | 67/77 | €14,724 | €15,073 | +€349 | +2.4% |
| Profit (loss) for the period | 9904 | €37,676 | €56,718 | +€19,042 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,676 | €56,718 | +€19,042 | +50.5% |
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 14 October 2026 via checked.be.