Sendwave: 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.
What changed
Sendwave
NACE 64.999, Other financial services
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€618,816
2023 · €199,900+€418,917
Equity
€2.2m
2023 · €1.6m+€618,816
Cash
€2.0m
2023 · €1.0m+€915,522
Balance sheet total
€22.8m
2023 · €18.5m+€4.3m
Largest movements
Assets
- Receivables within one year +€3.3m
up €3.3m (+19.2%), from €17.5m to €20.8m
- Cash +€915,522
up €915,522 (+87.4%), from €1.0m to €2.0m
mainly Trade debts (+€19.8m) and Net result for the year (+€618,816)
Equity and liabilities
- Trade debts +€19.8m
up €19.8m (+9368.7%), from €210,992 to €20.0m
- Other debts -€16.1m
down €16.1m (-100.0%), from €16.1m to €0
- Profit (loss) carried forward +€587,876
up €587,876 (+349.9%), from €168,003 to €755,878
Income statement
- Financial income +€32.8m
up €32.8m, from €0 to €32.8m
- Financial charges +€26.6m
up €26.6m (+175037.4%), from €15,182 to €26.6m
- Turnover +€20.0m
new in 2024: €20.0m
- Services and other goods +€11.6m
new in 2024: €11.6m
- Goods and materials +€11.2m
new in 2024: €11.2m
From the 2023 result to the 2024 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.
Result 2023
€199,900
Turnover
+€20.0m
Goods and materials
-€11.2m
Services and other goods
-€11.6m
Staff costs
+€503,531
Provisions
-€819,024
Other operating charges
+€101,091
Other operating items
-€2.8m
Financial income
+€32.8m
Financial charges
-€26.6m
Taxes
-€123,471
Result 2024
€618,816
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€915,522
Investment
€0
Financing
€0
Cash 2023
€1.0m
From operations (derived)
+€915,522
Net result for the year
+€618,816
Receivables within one year
-€3.3m
Provisions
+€17,369
Trade debts
+€19.8m
Tax, wage and social debts
-€51,736
Other debts
-€16.1m
Accrued charges and deferred income
+€52,910
Cash 2024
€2.0m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €18,516,941 | €22,779,715 | +€4.3m | +23.0% |
| Current assets | 29/58 | €18,516,941 | €22,779,715 | +€4.3m | +23.0% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €17,469,922 | €20,817,175 | +€3.3m | +19.2% |
| Other amounts receivable | 41 | €17,469,922 | €20,817,175 | +€3.3m | +19.2% |
| Cash at bank and in hand | 54/58 | €1,047,019 | €1,962,541 | +€915,522 | +87.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €18,516,941 | €22,779,715 | +€4.3m | +23.0% |
| Equity | 10/15 | €1,578,426 | €2,197,242 | +€618,816 | +39.2% |
| Contributions | 10/11 | €1,400,000 | €1,400,000 | = | 0.0% |
| Capital | 10 | €1,400,000 | €1,400,000 | = | 0.0% |
| Issued capital | 100 | €1,400,000 | €1,400,000 | = | 0.0% |
| Reserves | 13 | €10,423 | €41,364 | +€30,941 | +296.8% |
| Non-distributable reserves | 130/1 | €10,423 | €41,364 | +€30,941 | +296.8% |
| Legal reserve | 130 | €10,423 | €41,364 | +€30,941 | +296.8% |
| Profit (loss) carried forward | 14 | €168,003 | €755,878 | +€587,876 | +349.9% |
| Provisions and deferred taxes | 16 | - | €17,369 | +€17,369 | |
| Provisions for liabilities and charges | 160/5 | - | €17,369 | +€17,369 | |
| Other liabilities and charges | 164/5 | - | €17,369 | +€17,369 | |
| Amounts payable | 17/49 | €16,938,515 | €20,565,104 | +€3.6m | +21.4% |
| Amounts payable within one year | 42/48 | €16,923,904 | €20,497,583 | +€3.6m | +21.1% |
| Trade debts | 44 | €210,992 | €19,978,280 | +€19.8m | +9368.7% |
| Suppliers | 440/4 | €210,992 | €19,978,280 | +€19.8m | +9368.7% |
| Taxes, remuneration and social security | 45 | €571,039 | €519,303 | -€51,736 | -9.1% |
| Taxes | 450/3 | €202,261 | €363,588 | +€161,327 | +79.8% |
| Remuneration and social security | 454/9 | €368,778 | €155,715 | -€213,063 | -57.8% |
| Other amounts payable | 47/48 | €16,141,873 | €0 | -€16.1m | -100.0% |
| Accrued charges and deferred income | 492/3 | €14,611 | €67,521 | +€52,910 | +362.1% |
| Operating income | 70/76A | - | €20,042,460 | +€20.0m | |
| Turnover | 70 | - | €20,042,460 | +€20.0m | |
| Operating charges | 60/66A | - | €25,408,275 | +€25.4m | |
| Goods for resale, raw materials and consumables | 60 | - | €11,153,330 | +€11.2m | |
| Purchases | 600/8 | - | €11,153,330 | +€11.2m | |
| Services and other goods | 61 | - | €11,578,128 | +€11.6m | |
| Remuneration, social security and pensions | 62 | €2,353,181 | €1,849,650 | -€503,531 | -21.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €819,024 | +€819,024 | |
| Other operating charges | 640/8 | €109,233 | €8,142 | -€101,091 | -92.5% |
| Gross operating margin | 9900 | €2,763,235 | - | -€2.8m | |
| Operating profit (loss) | 9901 | €300,821 | -€5,365,814 | -€5.7m | |
| Financial income | 75/76B | €0 | €32,782,406 | +€32.8m | |
| Recurring financial income | 75 | €0 | €32,782,406 | +€32.8m | |
| Other financial income | 752/9 | - | €32,782,406 | +€32.8m | |
| Financial charges | 65/66B | €15,182 | €26,588,566 | +€26.6m | +175037.4% |
| Recurring financial charges | 65 | €15,182 | €26,588,566 | +€26.6m | +175037.4% |
| Other financial charges | 652/9 | - | €26,588,566 | +€26.6m | |
| Profit (loss) for the period before taxes | 9903 | €285,639 | €828,027 | +€542,387 | +189.9% |
| Income taxes | 67/77 | €85,740 | €209,210 | +€123,471 | +144.0% |
| Taxes | 670/3 | - | €209,210 | +€209,210 | |
| Profit (loss) for the period | 9904 | €199,900 | €618,816 | +€418,917 | +209.6% |
| Profit (loss) for the period to be appropriated | 9905 | €199,900 | €618,816 | +€418,917 | +209.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.