SW Bouw: 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.
What changed
SW Bouw
NACE 81.220, Other building cleaning and industrial cleaning
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€83,448
2024 · €48,231+€35,217
Equity
€437,444
2024 · €353,996+€83,448
Cash
€19,419
2024 · €4,413+€15,006
Balance sheet total
€3.0m
2024 · €2.8m+€212,146
Largest movements
Assets
- Tangible fixed assets +€183,803
up €183,803 (+7.6%), from €2.4m to €2.6m
of which Land and buildings: +€158,790
Equity and liabilities
- Trade debts +€134,429
up €134,429 (+27.2%), from €493,707 to €628,136
- Debts after one year -€90,387
down €90,387 (-5.4%), from €1.7m to €1.6m
of which Financial debts: -€97,437
- Reserves +€83,448
up €83,448 (+24.9%), from €335,396 to €418,844
- Other debts +€60,000
new in 2025: €60,000
Income statement
- Gross operating margin +€101,155
up €101,155 (+25.4%), from €397,657 to €498,812
- Depreciation +€34,578
up €34,578 (+41.2%), from €83,929 to €118,507
- Staff costs +€28,525
up €28,525 (+17.7%), from €161,411 to €189,937
- Taxes +€5,124
up €5,124 (+24.7%), from €20,779 to €25,903
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.
Result 2024
€48,231
Gross operating margin
+€101,155
Staff costs
-€28,525
Depreciation
-€34,578
Other operating charges
+€734
Financial income
+€31
Financial charges
+€1,524
Taxes
-€5,124
Result 2025
€83,448
raises the resultlowers the result
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.
From operations
+€399,246
Investment
-€302,310
Financing
-€81,930
Cash 2024
€4,413
From operations (derived)
+€399,246
Net result for the year
+€83,448
Depreciation
+€118,507
Stocks and contracts
-€7,565
Receivables within one year
-€5,231
Deferred charges and accrued income
-€541
Trade debts
+€134,429
Tax, wage and social debts
+€16,199
Other debts
+€60,000
Investment (derived)
-€302,310
Investment in fixed assets (net)
-€302,310
Financing
-€81,930
Debts after one year
-€90,387
Current portion of long-term debt
+€8,457
Cash 2025
€19,419
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,755,652 | €2,967,798 | +€212,146 | +7.7% |
| Fixed assets | 21/28 | €2,430,912 | €2,614,715 | +€183,803 | +7.6% |
| Tangible fixed assets | 22/27 | €2,430,752 | €2,614,555 | +€183,803 | +7.6% |
| Land and buildings | 22 | €2,380,579 | €2,539,369 | +€158,790 | +6.7% |
| Plant, machinery and equipment | 23 | €40,021 | €38,524 | -€1,497 | -3.7% |
| Furniture and vehicles | 24 | €10,152 | €36,662 | +€26,510 | +261% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €324,740 | €353,083 | +€28,343 | +8.7% |
| Amounts receivable after more than one year | 29 | €25,962 | €25,962 | = | 0.0% |
| Other amounts receivable | 291 | €25,962 | €25,962 | = | 0.0% |
| Stocks and contracts in progress | 3 | €17,015 | €24,581 | +€7,565 | +44.5% |
| Stocks | 30/36 | €17,015 | €24,581 | +€7,565 | +44.5% |
| Amounts receivable within one year | 40/41 | €277,090 | €282,321 | +€5,231 | +1.9% |
| Trade receivables | 40 | €265,732 | €258,439 | -€7,293 | -2.7% |
| Other amounts receivable | 41 | €11,358 | €23,882 | +€12,524 | +110% |
| Cash at bank and in hand | 54/58 | €4,413 | €19,419 | +€15,006 | +340% |
| Deferred charges and accrued income | 490/1 | €260 | €800 | +€541 | +208% |
| Total equity and liabilities | 10/49 | €2,755,652 | €2,967,798 | +€212,146 | +7.7% |
| Equity | 10/15 | €353,996 | €437,444 | +€83,448 | +23.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €335,396 | €418,844 | +€83,448 | +24.9% |
| Distributable reserves | 133 | €335,396 | €418,844 | +€83,448 | +24.9% |
| Amounts payable | 17/49 | €2,401,656 | €2,530,354 | +€128,698 | +5.4% |
| Amounts payable after more than one year | 17 | €1,685,734 | €1,595,347 | -€90,387 | -5.4% |
| Financial debts | 170/4 | €1,680,784 | €1,583,347 | -€97,437 | -5.8% |
| Other amounts payable | 178/9 | €4,950 | €12,000 | +€7,050 | +142% |
| Amounts payable within one year | 42/48 | €715,923 | €935,008 | +€219,085 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €123,703 | €132,159 | +€8,457 | +6.8% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €493,707 | €628,136 | +€134,429 | +27.2% |
| Suppliers | 440/4 | €493,707 | €628,136 | +€134,429 | +27.2% |
| Taxes, remuneration and social security | 45 | €48,513 | €64,712 | +€16,199 | +33.4% |
| Taxes | 450/3 | €19,296 | €40,718 | +€21,422 | +111% |
| Remuneration and social security | 454/9 | €29,217 | €23,994 | -€5,223 | -17.9% |
| Other amounts payable | 47/48 | - | €60,000 | +€60,000 | |
| Remuneration, social security and pensions | 62 | €161,411 | €189,937 | +€28,525 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,929 | €118,507 | +€34,578 | +41.2% |
| Other operating charges | 640/8 | €18,146 | €17,413 | -€734 | -4.0% |
| Gross operating margin | 9900 | €397,657 | €498,812 | +€101,155 | +25.4% |
| Operating profit (loss) | 9901 | €134,170 | €172,956 | +€38,786 | +28.9% |
| Financial income | 75/76B | €1,075 | €1,106 | +€31 | +2.9% |
| Recurring financial income | 75 | €1,075 | €1,106 | +€31 | +2.9% |
| Financial charges | 65/66B | €66,235 | €64,711 | -€1,524 | -2.3% |
| Recurring financial charges | 65 | €66,235 | €64,711 | -€1,524 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €69,010 | €109,351 | +€40,341 | +58.5% |
| Income taxes | 67/77 | €20,779 | €25,903 | +€5,124 | +24.7% |
| Profit (loss) for the period | 9904 | €48,231 | €83,448 | +€35,217 | +73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,231 | €83,448 | +€35,217 | +73.0% |
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 29 October 2026 via checked.be.