SHERWOOD SOFTWARE SERVICES: 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.
SHERWOOD SOFTWARE SERVICES
Largest movements
- Receivables within one year +€21,318
up €21,318 (+24.3%), from €87,815 to €109,133
of which Trade receivables: +€20,780
- Cash -€13,252
down €13,252 (-59.4%), from €22,297 to €9,044
mainly Receivables within one year (-€21,318) and Trade debts (-€8,074)
- Profit (loss) carried forward +€16,640
up €16,640 (+86.6%), from €19,219 to €35,859
- Trade debts -€8,074
down €8,074 (-17.2%), from €46,886 to €38,812
- Tax, wage and social debts -€1,301
no longer reported in 2025 (was €1,301)
- Staff costs -€39,010
no longer reported in 2025 (was €39,010)
- Gross operating margin -€27,537
down €27,537 (-62.4%), from €44,132 to €16,595
- Financial income +€554
up €554 (+201%), from €276 to €830
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 | €113,826 | €121,410 | +€7,583 | +6.7% |
| Fixed assets | 21/28 | €3,485 | €2,990 | -€495 | -14.2% |
| Tangible fixed assets | 22/27 | €495 | - | -€495 | |
| Furniture and vehicles | 24 | €495 | - | -€495 | |
| Financial fixed assets | 28 | €2,990 | €2,990 | = | 0.0% |
| Current assets | 29/58 | €110,341 | €118,420 | +€8,078 | +7.3% |
| Amounts receivable within one year | 40/41 | €87,815 | €109,133 | +€21,318 | +24.3% |
| Trade receivables | 40 | €51,565 | €72,345 | +€20,780 | +40.3% |
| Other amounts receivable | 41 | €36,250 | €36,788 | +€538 | +1.5% |
| Cash at bank and in hand | 54/58 | €22,297 | €9,044 | -€13,252 | -59.4% |
| Deferred charges and accrued income | 490/1 | €230 | €242 | +€13 | +5.5% |
| Total equity and liabilities | 10/49 | €113,826 | €121,410 | +€7,583 | +6.7% |
| Equity | 10/15 | €61,639 | €78,279 | +€16,640 | +27.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,820 | €23,820 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,960 | €15,960 | = | 0.0% |
| Distributable reserves | 133 | €7,860 | €7,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,219 | €35,859 | +€16,640 | +86.6% |
| Amounts payable | 17/49 | €52,187 | €43,131 | -€9,056 | -17.4% |
| Amounts payable within one year | 42/48 | €52,187 | €43,131 | -€9,056 | -17.4% |
| Trade debts | 44 | €46,886 | €38,812 | -€8,074 | -17.2% |
| Suppliers | 440/4 | €46,886 | €38,812 | -€8,074 | -17.2% |
| Taxes, remuneration and social security | 45 | €1,301 | - | -€1,301 | |
| Taxes | 450/3 | €1,301 | - | -€1,301 | |
| Other amounts payable | 47/48 | €4,000 | €4,319 | +€319 | +8.0% |
| Remuneration, social security and pensions | 62 | €39,010 | - | -€39,010 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €495 | €495 | -€0 | 0.0% |
| Other operating charges | 640/8 | €200 | - | -€200 | |
| Gross operating margin | 9900 | €44,132 | €16,595 | -€27,537 | -62.4% |
| Operating profit (loss) | 9901 | €4,427 | €16,100 | +€11,673 | +264% |
| Financial income | 75/76B | €276 | €830 | +€554 | +201% |
| Recurring financial income | 75 | €276 | €830 | +€554 | +201% |
| Financial charges | 65/66B | €621 | €291 | -€330 | -53.2% |
| Recurring financial charges | 65 | €621 | €291 | -€330 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €4,083 | €16,640 | +€12,557 | +308% |
| Income taxes | 67/77 | €132 | -€0 | -€132 | |
| Profit (loss) for the period | 9904 | €3,951 | €16,640 | +€12,689 | +321% |
| Profit (loss) for the period to be appropriated | 9905 | €3,951 | €16,640 | +€12,689 | +321% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.