SAWND & LITE: 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.
SAWND & LITE
Largest movements
- Receivables within one year +€49,449
up €49,449 (+253%), from €19,515 to €68,964
of which Trade receivables: +€51,754
- Tangible fixed assets +€29,087
up €29,087 (+16.5%), from €176,778 to €205,865
- Cash +€5,564
up €5,564 (+65.9%), from €8,448 to €14,012
mainly Depreciation (+€63,418) and Net result for the year (+€31,850)
- Intangible fixed assets -€4,614
down €4,614 (-16.7%), from €27,686 to €23,071
- Trade debts -€33,003
down €33,003 (-61.8%), from €53,410 to €20,407
- Reserves +€26,017
up €26,017 (+59.5%), from €43,746 to €69,762
- Current portion of long-term debt +€23,977
new in 2025: €23,977
- Other debts +€21,117
up €21,117 (+17.2%), from €122,516 to €143,634
- Tax, wage and social debts +€15,871
up €15,871 (+127%), from €12,546 to €28,417
- Depreciation +€23,543
up €23,543 (+59.0%), from €39,875 to €63,418
- Taxes -€7,112
down €7,112 (-58.8%), from €12,104 to €4,992
- Gross operating margin +€4,602
up €4,602 (+4.7%), from €97,557 to €102,159
- Financial charges +€1,278
up €1,278 (+1,455%), from €88 to €1,365
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 | €233,517 | €314,540 | +€81,022 | +34.7% |
| Fixed assets | 21/28 | €204,463 | €228,936 | +€24,473 | +12.0% |
| Intangible fixed assets | 21 | €27,686 | €23,071 | -€4,614 | -16.7% |
| Tangible fixed assets | 22/27 | €176,778 | €205,865 | +€29,087 | +16.5% |
| Plant, machinery and equipment | 23 | €176,778 | €205,865 | +€29,087 | +16.5% |
| Current assets | 29/58 | €29,054 | €85,603 | +€56,549 | +195% |
| Stocks and contracts in progress | 3 | €704 | - | -€704 | |
| Stocks | 30/36 | €704 | - | -€704 | |
| Amounts receivable within one year | 40/41 | €19,515 | €68,964 | +€49,449 | +253% |
| Trade receivables | 40 | €17,078 | €68,831 | +€51,754 | +303% |
| Other amounts receivable | 41 | €2,438 | €133 | -€2,305 | -94.5% |
| Cash at bank and in hand | 54/58 | €8,448 | €14,012 | +€5,564 | +65.9% |
| Deferred charges and accrued income | 490/1 | €387 | €2,626 | +€2,240 | +579% |
| Total equity and liabilities | 10/49 | €233,517 | €314,540 | +€81,022 | +34.7% |
| Equity | 10/15 | €44,746 | €70,762 | +€26,017 | +58.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €43,746 | €69,762 | +€26,017 | +59.5% |
| Distributable reserves | 133 | €43,746 | €69,762 | +€26,017 | +59.5% |
| Amounts payable | 17/49 | €188,772 | €243,777 | +€55,006 | +29.1% |
| Amounts payable after more than one year | 17 | - | €12,343 | +€12,343 | |
| Financial debts | 170/4 | - | €12,343 | +€12,343 | |
| Amounts payable within one year | 42/48 | €188,472 | €231,435 | +€42,963 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | - | €23,977 | +€23,977 | |
| Trade debts | 44 | €53,410 | €20,407 | -€33,003 | -61.8% |
| Suppliers | 440/4 | €53,410 | €20,407 | -€33,003 | -61.8% |
| Advances received on contracts in progress | 46 | - | €15,000 | +€15,000 | |
| Taxes, remuneration and social security | 45 | €12,546 | €28,417 | +€15,871 | +127% |
| Taxes | 450/3 | €12,546 | €28,417 | +€15,871 | +127% |
| Other amounts payable | 47/48 | €122,516 | €143,634 | +€21,117 | +17.2% |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,875 | €63,418 | +€23,543 | +59.0% |
| Other operating charges | 640/8 | €962 | €748 | -€214 | -22.2% |
| Gross operating margin | 9900 | €97,557 | €102,159 | +€4,602 | +4.7% |
| Operating profit (loss) | 9901 | €56,720 | €37,992 | -€18,728 | -33.0% |
| Financial income | 75/76B | €50 | €215 | +€165 | +330% |
| Recurring financial income | 75 | €50 | €215 | +€165 | +330% |
| Financial charges | 65/66B | €88 | €1,365 | +€1,278 | +1,455% |
| Recurring financial charges | 65 | €88 | €1,365 | +€1,278 | +1,455% |
| Profit (loss) for the period before taxes | 9903 | €56,682 | €36,842 | -€19,840 | -35.0% |
| Income taxes | 67/77 | €12,104 | €4,992 | -€7,112 | -58.8% |
| Profit (loss) for the period | 9904 | €44,579 | €31,850 | -€12,729 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,579 | €31,850 | -€12,729 | -28.6% |
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 17 October 2026 via checked.be.