SiWood: 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.
SiWood
Largest movements
- Receivables within one year +€14,215
up €14,215 (+86.7%), from €16,389 to €30,604
of which Trade receivables: +€14,806
- Tangible fixed assets -€9,905
down €9,905 (-22.3%), from €44,332 to €34,427
of which Furniture and vehicles: -€9,204
- Deferred charges and accrued income -€2,029
down €2,029 (-83.7%), from €2,423 to €394
- Cash +€1,438
up €1,438 (+11.0%), from €13,121 to €14,559
mainly Net result for the year (+€12,907) and Depreciation (+€9,905)
- Profit (loss) carried forward +€12,907
up €12,907 (+47.3%), from €27,270 to €40,177
- Debts after one year -€7,741
down €7,741 (-25.2%), from €30,766 to €23,026
- Other debts -€1,678
down €1,678 (-48.7%), from €3,445 to €1,768
- Depreciation +€5,418
up €5,418 (+121%), from €4,486 to €9,905
- Gross operating margin +€4,231
up €4,231 (+17.1%), from €24,707 to €28,938
- Taxes -€373
down €373 (-9.9%), from €3,753 to €3,381
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 | €76,265 | €79,984 | +€3,720 | +4.9% |
| Fixed assets | 21/28 | €44,332 | €34,427 | -€9,905 | -22.3% |
| Tangible fixed assets | 22/27 | €44,332 | €34,427 | -€9,905 | -22.3% |
| Land and buildings | 22 | €546 | €481 | -€65 | -11.9% |
| Plant, machinery and equipment | 23 | €1,676 | €1,040 | -€635 | -37.9% |
| Furniture and vehicles | 24 | €42,110 | €32,906 | -€9,204 | -21.9% |
| Current assets | 29/58 | €31,933 | €45,557 | +€13,625 | +42.7% |
| Amounts receivable within one year | 40/41 | €16,389 | €30,604 | +€14,215 | +86.7% |
| Trade receivables | 40 | €14,078 | €28,883 | +€14,806 | +105% |
| Other amounts receivable | 41 | €2,311 | €1,721 | -€590 | -25.5% |
| Cash at bank and in hand | 54/58 | €13,121 | €14,559 | +€1,438 | +11.0% |
| Deferred charges and accrued income | 490/1 | €2,423 | €394 | -€2,029 | -83.7% |
| Total equity and liabilities | 10/49 | €76,265 | €79,984 | +€3,720 | +4.9% |
| Equity | 10/15 | €30,270 | €43,177 | +€12,907 | +42.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,270 | €40,177 | +€12,907 | +47.3% |
| Amounts payable | 17/49 | €45,995 | €36,808 | -€9,187 | -20.0% |
| Amounts payable after more than one year | 17 | €30,766 | €23,026 | -€7,741 | -25.2% |
| Financial debts | 170/4 | €30,766 | €23,026 | -€7,741 | -25.2% |
| Amounts payable within one year | 42/48 | €15,228 | €13,782 | -€1,446 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €7,425 | €7,741 | +€316 | +4.3% |
| Trade debts | 44 | €909 | €424 | -€485 | -53.4% |
| Suppliers | 440/4 | €909 | €424 | -€485 | -53.4% |
| Taxes, remuneration and social security | 45 | €3,449 | €3,850 | +€401 | +11.6% |
| Taxes | 450/3 | €1,649 | €1,950 | +€301 | +18.3% |
| Remuneration and social security | 454/9 | €1,800 | €1,900 | +€100 | +5.6% |
| Other amounts payable | 47/48 | €3,445 | €1,768 | -€1,678 | -48.7% |
| Non-recurring operating income | 76A | €9,009 | €0 | -€9,009 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,486 | €9,905 | +€5,418 | +121% |
| Other operating charges | 640/8 | €1,039 | €1,218 | +€179 | +17.2% |
| Gross operating margin | 9900 | €24,707 | €28,938 | +€4,231 | +17.1% |
| Operating profit (loss) | 9901 | €19,181 | €17,815 | -€1,367 | -7.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €1,501 | €1,527 | +€26 | +1.7% |
| Recurring financial charges | 65 | €1,501 | €1,527 | +€26 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €17,681 | €16,288 | -€1,393 | -7.9% |
| Income taxes | 67/77 | €3,753 | €3,381 | -€373 | -9.9% |
| Profit (loss) for the period | 9904 | €13,927 | €12,907 | -€1,020 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,927 | €12,907 | -€1,020 | -7.3% |
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 15 October 2026 via checked.be.