SdW&co: 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.
SdW&co
Largest movements
- Cash -€24,453
down €24,453 (-54.9%), from €44,520 to €20,067
mainly Other debts (-€100,470) and Debts after one year (-€15,618)
- Tangible fixed assets -€24,418
down €24,418 (-6.4%), from €383,176 to €358,759
of which Land and buildings: -€13,400
- Receivables within one year -€9,696
down €9,696 (-33.8%), from €28,677 to €18,982
of which Other amounts receivable: -€4,926
- Deferred charges and accrued income +€5,450
up €5,450 (+347.8%), from €1,567 to €7,016
- Other debts -€100,470
down €100,470 (-47.2%), from €213,001 to €112,531
- Profit (loss) carried forward +€69,143
up €69,143 (+46.8%), from €147,764 to €216,906
- Debts after one year -€15,618
down €15,618 (-27.0%), from €57,837 to €42,219
- Tax, wage and social debts -€7,369
down €7,369 (-98.9%), from €7,449 to €80
of which Taxes: -€7,369
- Gross operating margin +€40,421
up €40,421 (+47.7%), from €84,797 to €125,218
- Taxes +€11,522
up €11,522 (+85.0%), from €13,558 to €25,080
- Depreciation +€4,703
up €4,703 (+21.9%), from €21,489 to €26,193
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 | €457,940 | €404,824 | -€53,117 | -11.6% |
| Fixed assets | 21/28 | €383,176 | €358,759 | -€24,418 | -6.4% |
| Tangible fixed assets | 22/27 | €383,176 | €358,759 | -€24,418 | -6.4% |
| Land and buildings | 22 | €355,619 | €342,219 | -€13,400 | -3.8% |
| Plant, machinery and equipment | 23 | €19,314 | €12,163 | -€7,151 | -37.0% |
| Furniture and vehicles | 24 | €8,243 | €4,377 | -€3,866 | -46.9% |
| Current assets | 29/58 | €74,764 | €46,065 | -€28,699 | -38.4% |
| Amounts receivable within one year | 40/41 | €28,677 | €18,982 | -€9,696 | -33.8% |
| Trade receivables | 40 | €22,227 | €17,457 | -€4,770 | -21.5% |
| Other amounts receivable | 41 | €6,450 | €1,525 | -€4,926 | -76.4% |
| Cash at bank and in hand | 54/58 | €44,520 | €20,067 | -€24,453 | -54.9% |
| Deferred charges and accrued income | 490/1 | €1,567 | €7,016 | +€5,450 | +347.8% |
| Total equity and liabilities | 10/49 | €457,940 | €404,824 | -€53,117 | -11.6% |
| Equity | 10/15 | €152,764 | €221,906 | +€69,143 | +45.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,764 | €216,906 | +€69,143 | +46.8% |
| Amounts payable | 17/49 | €305,177 | €182,918 | -€122,259 | -40.1% |
| Amounts payable after more than one year | 17 | €57,837 | €42,219 | -€15,618 | -27.0% |
| Financial debts | 170/4 | €57,837 | €42,219 | -€15,618 | -27.0% |
| Amounts payable within one year | 42/48 | €246,640 | €139,949 | -€106,692 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €25,043 | €24,029 | -€1,014 | -4.0% |
| Trade debts | 44 | €1,147 | €3,309 | +€2,162 | +188.5% |
| Suppliers | 440/4 | €1,147 | €3,309 | +€2,162 | +188.5% |
| Taxes, remuneration and social security | 45 | €7,449 | €80 | -€7,369 | -98.9% |
| Taxes | 450/3 | €7,449 | €80 | -€7,369 | -98.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €213,001 | €112,531 | -€100,470 | -47.2% |
| Accrued charges and deferred income | 492/3 | €700 | €750 | +€50 | +7.1% |
| Remuneration, social security and pensions | 62 | €35 | €0 | -€35 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,489 | €26,193 | +€4,703 | +21.9% |
| Other operating charges | 640/8 | €883 | €1,519 | +€636 | +72.1% |
| Gross operating margin | 9900 | €84,797 | €125,218 | +€40,421 | +47.7% |
| Operating profit (loss) | 9901 | €62,390 | €97,506 | +€35,117 | +56.3% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €2,791 | €3,687 | +€896 | +32.1% |
| Recurring financial charges | 65 | €2,791 | €3,687 | +€896 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | €59,599 | €93,846 | +€34,247 | +57.5% |
| Income taxes | 67/77 | €13,558 | €25,080 | +€11,522 | +85.0% |
| Profit (loss) for the period | 9904 | €46,041 | €68,766 | +€22,726 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,041 | €68,766 | +€22,726 | +49.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.