SIWOP: 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.
SIWOP
Largest movements
- Cash +€2,570
up €2,570 (+280%), from €919 to €3,489
mainly Net result for the year (+€2,038) and Receivables within one year (+€1,084)
- Receivables within one year -€1,084
down €1,084 (-24.8%), from €4,364 to €3,280
of which Trade receivables: -€658
- Deferred charges and accrued income -€119
down €119 (-13.2%), from €903 to €784
- Profit (loss) carried forward +€2,038
up €2,038 (+13.9%), from -€14,708 to -€12,670
- Tax, wage and social debts -€618
down €618 (-47.4%), from €1,303 to €685
- Depreciation -€14,730
down €14,730 (-100%), from €14,730 to €0
- Gross operating margin +€1,534
up €1,534 (+141%), from €1,091 to €2,625
- Financial charges -€195
down €195 (-73.9%), from €265 to €69
- Other operating charges +€106
up €106 (+37.9%), from €280 to €385
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 | €6,265 | €7,632 | +€1,367 | +21.8% |
| Fixed assets | 21/28 | €79 | €79 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €79 | €79 | = | 0.0% |
| Current assets | 29/58 | €6,186 | €7,553 | +€1,367 | +22.1% |
| Amounts receivable within one year | 40/41 | €4,364 | €3,280 | -€1,084 | -24.8% |
| Trade receivables | 40 | €3,369 | €2,711 | -€658 | -19.5% |
| Other amounts receivable | 41 | €995 | €568 | -€426 | -42.9% |
| Cash at bank and in hand | 54/58 | €919 | €3,489 | +€2,570 | +280% |
| Deferred charges and accrued income | 490/1 | €903 | €784 | -€119 | -13.2% |
| Total equity and liabilities | 10/49 | €6,265 | €7,632 | +€1,367 | +21.8% |
| Equity | 10/15 | €4,909 | €6,947 | +€2,038 | +41.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,017 | €1,017 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,017 | €1,017 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,017 | €1,017 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,708 | -€12,670 | +€2,038 | +13.9% |
| Amounts payable | 17/49 | €1,356 | €685 | -€671 | -49.5% |
| Amounts payable within one year | 42/48 | €1,356 | €685 | -€671 | -49.5% |
| Trade debts | 44 | €53 | €0 | -€53 | -100% |
| Suppliers | 440/4 | €53 | €0 | -€53 | -100% |
| Taxes, remuneration and social security | 45 | €1,303 | €685 | -€618 | -47.4% |
| Taxes | 450/3 | €1,303 | €685 | -€618 | -47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,730 | €0 | -€14,730 | -100% |
| Other operating charges | 640/8 | €280 | €385 | +€106 | +37.9% |
| Gross operating margin | 9900 | €1,091 | €2,625 | +€1,534 | +141% |
| Operating profit (loss) | 9901 | -€13,919 | €2,239 | +€16,158 | |
| Financial income | 75/76B | €2 | €9 | +€7 | +338% |
| Recurring financial income | 75 | €2 | €9 | +€7 | +338% |
| Financial charges | 65/66B | €265 | €69 | -€195 | -73.9% |
| Recurring financial charges | 65 | €265 | €69 | -€195 | -73.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,181 | €2,179 | +€16,361 | |
| Income taxes | 67/77 | €139 | €141 | +€2 | +1.2% |
| Profit (loss) for the period | 9904 | -€14,321 | €2,038 | +€16,359 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,321 | €2,038 | +€16,359 |
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 24 October 2026 via checked.be.