SRWC: 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.
SRWC
Largest movements
- Cash +€32,869
up €32,869 (+114%), from €28,898 to €61,767
mainly Net result for the year (+€25,068) and Depreciation (+€12,500)
- Tangible fixed assets -€12,500
down €12,500 (-21.3%), from €58,745 to €46,245
of which Furniture and vehicles: -€11,788
- Receivables within one year +€6,971
up €6,971 (+43.5%), from €16,031 to €23,001
of which Other amounts receivable: +€3,519
- Profit (loss) carried forward +€25,068
up €25,068 (+47.6%), from -€52,660 to -€27,592
- Trade debts +€3,810
up €3,810 (+1,534%), from €248 to €4,058
- Gross operating margin +€35,291
up €35,291 (+576%), from €6,122 to €41,413
- Depreciation +€8,650
up €8,650 (+225%), from €3,851 to €12,500
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 | €143,595 | €171,735 | +€28,139 | +19.6% |
| Fixed assets | 21/28 | €58,745 | €46,245 | -€12,500 | -21.3% |
| Tangible fixed assets | 22/27 | €58,745 | €46,245 | -€12,500 | -21.3% |
| Plant, machinery and equipment | 23 | €2,994 | €2,282 | -€713 | -23.8% |
| Furniture and vehicles | 24 | €55,751 | €43,963 | -€11,788 | -21.1% |
| Current assets | 29/58 | €84,850 | €125,490 | +€40,640 | +47.9% |
| Amounts receivable within one year | 40/41 | €16,031 | €23,001 | +€6,971 | +43.5% |
| Trade receivables | 40 | €178 | €3,630 | +€3,452 | +1,939% |
| Other amounts receivable | 41 | €15,853 | €19,371 | +€3,519 | +22.2% |
| Current investments | 50/53 | €39,226 | €39,226 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,898 | €61,767 | +€32,869 | +114% |
| Deferred charges and accrued income | 490/1 | €695 | €1,495 | +€801 | +115% |
| Total equity and liabilities | 10/49 | €143,595 | €171,735 | +€28,139 | +19.6% |
| Equity | 10/15 | €142,364 | €167,432 | +€25,068 | +17.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €176,474 | €176,474 | = | 0.0% |
| Distributable reserves | 133 | €176,474 | €176,474 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,660 | -€27,592 | +€25,068 | +47.6% |
| Amounts payable | 17/49 | €1,231 | €4,303 | +€3,072 | +250% |
| Amounts payable within one year | 42/48 | €1,231 | €4,303 | +€3,072 | +250% |
| Financial debts | 43 | €469 | - | -€469 | |
| Credit institutions | 430/8 | €469 | - | -€469 | |
| Trade debts | 44 | €248 | €4,058 | +€3,810 | +1,534% |
| Suppliers | 440/4 | €248 | €4,058 | +€3,810 | +1,534% |
| Taxes, remuneration and social security | 45 | €514 | €245 | -€269 | -52.3% |
| Taxes | 450/3 | €514 | €245 | -€269 | -52.3% |
| Non-recurring operating income | 76A | €12,000 | - | -€12,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,851 | €12,500 | +€8,650 | +225% |
| Other operating charges | 640/8 | €820 | €875 | +€54 | +6.6% |
| Gross operating margin | 9900 | €6,122 | €41,413 | +€35,291 | +576% |
| Operating profit (loss) | 9901 | €1,451 | €28,038 | +€26,587 | +1,833% |
| Financial income | 75/76B | €589 | €207 | -€382 | -64.9% |
| Recurring financial income | 75 | €589 | €207 | -€382 | -64.9% |
| Financial charges | 65/66B | €2,544 | €2,927 | +€383 | +15.1% |
| Recurring financial charges | 65 | €2,544 | €2,927 | +€383 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | -€504 | €25,318 | +€25,822 | |
| Income taxes | 67/77 | €458 | €251 | -€208 | -45.3% |
| Profit (loss) for the period | 9904 | -€962 | €25,068 | +€26,030 | |
| Profit (loss) for the period to be appropriated | 9905 | -€962 | €25,068 | +€26,030 |
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.