Sewo: 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.
Sewo
Largest movements
- Cash -€187,342
down €187,342 (-29.7%), from €631,611 to €444,270
mainly Other debts (-€131,391) and Current investments (-€68,779)
- Current investments +€68,779
up €68,779 (+86.0%), from €80,001 to €148,780
- Tangible fixed assets -€29,206
down €29,206 (-3.5%), from €834,647 to €805,441
- Other debts -€131,391
down €131,391 (-26.5%), from €496,466 to €365,075
- Gross operating margin -€463,123
down €463,123 (-94.5%), from €489,893 to €26,770
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 | €1,550,190 | €1,403,854 | -€146,336 | -9.4% |
| Fixed assets | 21/28 | €834,647 | €805,441 | -€29,206 | -3.5% |
| Tangible fixed assets | 22/27 | €834,647 | €805,441 | -€29,206 | -3.5% |
| Land and buildings | 22 | €834,647 | €805,441 | -€29,206 | -3.5% |
| Current assets | 29/58 | €715,543 | €598,413 | -€117,130 | -16.4% |
| Amounts receivable within one year | 40/41 | €1,991 | €3,227 | +€1,237 | +62.1% |
| Trade receivables | 40 | €1,649 | €1,697 | +€49 | +3.0% |
| Other amounts receivable | 41 | €342 | €1,530 | +€1,188 | +347.2% |
| Current investments | 50/53 | €80,001 | €148,780 | +€68,779 | +86.0% |
| Cash at bank and in hand | 54/58 | €631,611 | €444,270 | -€187,342 | -29.7% |
| Deferred charges and accrued income | 490/1 | €1,940 | €2,136 | +€195 | +10.1% |
| Total equity and liabilities | 10/49 | €1,550,190 | €1,403,854 | -€146,336 | -9.4% |
| Equity | 10/15 | €685,504 | €685,317 | -€188 | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €747,722 | €732,294 | -€15,428 | -2.1% |
| Non-distributable reserves | 130/1 | €274 | €274 | = | 0.0% |
| Legal reserve | 130 | €274 | €274 | = | 0.0% |
| Tax-exempt reserves | 132 | €747,448 | €732,020 | -€15,428 | -2.1% |
| Profit (loss) carried forward | 14 | -€124,218 | -€108,977 | +€15,240 | +12.3% |
| Provisions and deferred taxes | 16 | €240,385 | €235,243 | -€5,143 | -2.1% |
| Deferred taxes | 168 | €240,385 | €235,243 | -€5,143 | -2.1% |
| Amounts payable | 17/49 | €624,300 | €483,295 | -€141,006 | -22.6% |
| Amounts payable within one year | 42/48 | €624,300 | €483,295 | -€141,006 | -22.6% |
| Trade debts | 44 | €127,835 | €118,220 | -€9,615 | -7.5% |
| Suppliers | 440/4 | €127,835 | €118,220 | -€9,615 | -7.5% |
| Other amounts payable | 47/48 | €496,466 | €365,075 | -€131,391 | -26.5% |
| Non-recurring operating income | 76A | €476,484 | €0 | -€476,484 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,213 | €31,232 | +€18 | +0.1% |
| Other operating charges | 640/8 | €6,217 | €4,516 | -€1,701 | -27.4% |
| Gross operating margin | 9900 | €489,893 | €26,770 | -€463,123 | -94.5% |
| Operating profit (loss) | 9901 | €452,462 | -€8,978 | -€461,440 | |
| Financial income | 75/76B | €1,141 | €5,100 | +€3,960 | +347.2% |
| Recurring financial income | 75 | €1,141 | €5,100 | +€3,960 | +347.2% |
| Financial charges | 65/66B | €208 | €1,453 | +€1,245 | +597.4% |
| Recurring financial charges | 65 | €208 | €1,453 | +€1,245 | +597.4% |
| Profit (loss) for the period before taxes | 9903 | €453,394 | -€5,331 | -€458,725 | |
| Transfer from deferred taxes | 780 | €5,139 | €5,143 | +€4 | +0.1% |
| Transfer to deferred taxes | 680 | €119,081 | €0 | -€119,081 | -100.0% |
| Profit (loss) for the period | 9904 | €339,451 | -€188 | -€339,639 | |
| Transfer from tax-exempt reserves | 789 | €15,416 | €15,428 | +€13 | +0.1% |
| Transfer to tax-exempt reserves | 689 | €357,244 | €0 | -€357,244 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,377 | €15,240 | +€17,617 |
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 11 October 2026 via checked.be.