SEW SPECIAL: 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.
SEW SPECIAL
Largest movements
- Receivables within one year -€2,019
down €2,019 (-95.3%), from €2,119 to €100
of which Trade receivables: -€1,993
- Cash -€707
down €707 (-34.9%), from €2,028 to €1,321
mainly Trade debts (-€1,524) and Net result for the year (-€1,104)
- Trade debts -€1,524
no longer reported in 2025 (was €1,524)
- Profit (loss) carried forward -€1,104
down €1,104 (-12.6%), from -€8,785 to -€9,889
- Advances received -€90
no longer reported in 2025 (was €90)
- Gross operating margin +€8,916
up €8,916 (+94.3%), from -€9,458 to -€542
- Financial charges -€577
down €577 (-79.4%), from €727 to €150
of which Financial charges: -€401
- Other operating charges +€412
new in 2025: €412
- Depreciation -€155
no longer reported in 2025 (was €155)
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 | €4,146 | €1,421 | -€2,726 | -65.7% |
| Current assets | 29/58 | €4,146 | €1,421 | -€2,726 | -65.7% |
| Amounts receivable within one year | 40/41 | €2,119 | €100 | -€2,019 | -95.3% |
| Trade receivables | 40 | €1,993 | - | -€1,993 | |
| Other amounts receivable | 41 | €126 | €100 | -€26 | -20.7% |
| Cash at bank and in hand | 54/58 | €2,028 | €1,321 | -€707 | -34.9% |
| Total equity and liabilities | 10/49 | €4,146 | €1,421 | -€2,726 | -65.7% |
| Equity | 10/15 | -€3,785 | -€4,889 | -€1,104 | -29.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,785 | -€9,889 | -€1,104 | -12.6% |
| Amounts payable | 17/49 | €7,931 | €6,309 | -€1,622 | -20.4% |
| Amounts payable within one year | 42/48 | €7,931 | €6,309 | -€1,622 | -20.4% |
| Trade debts | 44 | €1,524 | - | -€1,524 | |
| Suppliers | 440/4 | €1,524 | - | -€1,524 | |
| Advances received on contracts in progress | 46 | €90 | - | -€90 | |
| Other amounts payable | 47/48 | €6,317 | €6,309 | -€8 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155 | - | -€155 | |
| Other operating charges | 640/8 | - | €412 | +€412 | |
| Non-recurring operating charges | 66A | €844 | - | -€844 | |
| Gross operating margin | 9900 | -€9,458 | -€542 | +€8,916 | +94.3% |
| Operating profit (loss) | 9901 | -€10,457 | -€954 | +€9,503 | +90.9% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €727 | €150 | -€577 | -79.4% |
| Recurring financial charges | 65 | €551 | €150 | -€401 | -72.8% |
| Non-recurring financial charges | 66B | €176 | - | -€176 | |
| Profit (loss) for the period before taxes | 9903 | -€11,175 | -€1,104 | +€10,071 | +90.1% |
| Profit (loss) for the period | 9904 | -€11,175 | -€1,104 | +€10,071 | +90.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,175 | -€1,104 | +€10,071 | +90.1% |
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 25 October 2026 via checked.be.