STWEE: 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.
STWEE
Largest movements
- Tangible fixed assets -€62,205
down €62,205 (-3.5%), from €1.8m to €1.7m
of which Land and buildings: -€52,093
- Receivables within one year +€24,792
up €24,792 (+62.1%), from €39,918 to €64,710
of which Trade receivables: +€24,792
- Debts after one year -€102,309
down €102,309 (-7.7%), from €1.3m to €1.2m
- Accrued charges and deferred income +€29,631
up €29,631 (+1672.0%), from €1,772 to €31,403
- Other debts +€19,587
up €19,587 (+6.7%), from €291,650 to €311,237
- Other operating charges +€8,283
up €8,283 (+680.3%), from €1,218 to €9,500
- Financial charges -€7,424
down €7,424 (-16.2%), from €45,699 to €38,275
- Gross operating margin -€4,178
down €4,178 (-3.5%), from €118,570 to €114,391
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 | €1,825,306 | €1,782,697 | -€42,609 | -2.3% |
| Fixed assets | 21/28 | €1,779,301 | €1,717,096 | -€62,205 | -3.5% |
| Tangible fixed assets | 22/27 | €1,779,301 | €1,717,096 | -€62,205 | -3.5% |
| Land and buildings | 22 | €1,642,073 | €1,589,980 | -€52,093 | -3.2% |
| Other tangible fixed assets | 26 | €137,228 | €127,116 | -€10,112 | -7.4% |
| Current assets | 29/58 | €46,005 | €65,601 | +€19,596 | +42.6% |
| Amounts receivable within one year | 40/41 | €39,918 | €64,710 | +€24,792 | +62.1% |
| Trade receivables | 40 | €31,462 | €56,254 | +€24,792 | +78.8% |
| Other amounts receivable | 41 | €8,456 | €8,456 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,087 | €891 | -€5,196 | -85.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,825,306 | €1,782,697 | -€42,609 | -2.3% |
| Equity | 10/15 | €79,398 | €84,057 | +€4,659 | +5.9% |
| Contributions | 10/11 | €112,500 | €112,500 | = | 0.0% |
| Capital | 10 | €112,500 | €112,500 | = | 0.0% |
| Issued capital | 100 | €112,500 | €112,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,102 | -€28,443 | +€4,659 | +14.1% |
| Amounts payable | 17/49 | €1,745,908 | €1,698,640 | -€47,268 | -2.7% |
| Amounts payable after more than one year | 17 | €1,323,654 | €1,221,346 | -€102,309 | -7.7% |
| Financial debts | 170/4 | €1,323,654 | €1,221,346 | -€102,309 | -7.7% |
| Amounts payable within one year | 42/48 | €420,481 | €445,890 | +€25,409 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €101,402 | €102,309 | +€906 | +0.9% |
| Trade debts | 44 | €21,631 | €25,460 | +€3,829 | +17.7% |
| Suppliers | 440/4 | €21,631 | €25,460 | +€3,829 | +17.7% |
| Taxes, remuneration and social security | 45 | €5,798 | €6,886 | +€1,087 | +18.8% |
| Taxes | 450/3 | €5,798 | €6,886 | +€1,087 | +18.8% |
| Other amounts payable | 47/48 | €291,650 | €311,237 | +€19,587 | +6.7% |
| Accrued charges and deferred income | 492/3 | €1,772 | €31,403 | +€29,631 | +1672.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,949 | €62,205 | +€255 | +0.4% |
| Other operating charges | 640/8 | €1,218 | €9,500 | +€8,283 | +680.3% |
| Gross operating margin | 9900 | €118,570 | €114,391 | -€4,178 | -3.5% |
| Operating profit (loss) | 9901 | €55,403 | €42,686 | -€12,717 | -23.0% |
| Financial income | 75/76B | €26 | €248 | +€222 | +858.3% |
| Recurring financial income | 75 | €26 | €248 | +€222 | +858.3% |
| Financial charges | 65/66B | €45,699 | €38,275 | -€7,424 | -16.2% |
| Recurring financial charges | 65 | €45,699 | €38,275 | -€7,424 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €9,730 | €4,659 | -€5,071 | -52.1% |
| Profit (loss) for the period | 9904 | €9,730 | €4,659 | -€5,071 | -52.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,730 | €4,659 | -€5,071 | -52.1% |
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.