SW DECORATION: what changed
What changed
SW DECORATION
NACE 43.333, Wallpapering and laying of floor and wall coverings in other materials
filed annual accounts (NBB)
Net result for the year
€39,285
2024 · €55,503-€16,217
Equity
€146,459
2024 · €126,233+€20,227
Cash
€131,423
2024 · €104,310+€27,113
Balance sheet total
€177,100
2024 · €163,461+€13,640
Largest movements
Assets
- Cash +€27,113
up €27,113 (+26.0%), from €104,310 to €131,423
mainly Net result for the year (+€39,285) and Depreciation (+€15,159)
- Tangible fixed assets -€14,432
down €14,432 (-29.4%), from €49,075 to €34,644
of which Furniture and vehicles: -€9,656
Equity and liabilities
- Reserves +€20,000
up €20,000 (+18.9%), from €106,000 to €126,000
- Other debts +€9,000
up €9,000 (+1,375%), from €655 to €9,655
- Debts after one year -€5,753
down €5,753 (-37.5%), from €15,338 to €9,585
- Tax, wage and social debts -€4,951
down €4,951 (-60.5%), from €8,183 to €3,232
of which Remuneration and social security: -€4,338
- Trade debts -€2,991
down €2,991 (-55.3%), from €5,408 to €2,417
Income statement
- Gross operating margin -€35,537
down €35,537 (-16.1%), from €220,678 to €185,141
- Staff costs -€11,947
down €11,947 (-9.5%), from €125,145 to €113,199
- Taxes -€6,696
down €6,696 (-29.5%), from €22,735 to €16,038
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€55,503
Gross operating margin
-€35,537
Staff costs
+€11,947
Depreciation
-€1,387
Other operating charges
+€1,903
Financial income
-€38
Financial charges
+€199
Taxes
+€6,696
Result 2025
€39,285
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€54,444
Investment
-€628
Financing
-€26,704
Cash 2024
€104,310
From operations (derived)
+€54,444
Net result for the year
+€39,285
Depreciation
+€15,159
Receivables within one year
-€1,445
Deferred charges and accrued income
+€387
Trade debts
-€2,991
Tax, wage and social debts
-€4,951
Other debts
+€9,000
Investment (derived)
-€628
Investment in fixed assets (net)
-€628
Financing
-€26,704
Debts after one year
-€5,753
Current portion of long-term debt
-€1,892
Contributions, distributions and other
-€19,059
Cash 2025
€131,423
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,461 | €177,100 | +€13,640 | +8.3% |
| Fixed assets | 21/28 | €50,051 | €35,519 | -€14,532 | -29.0% |
| Intangible fixed assets | 21 | €525 | €425 | -€100 | -19.1% |
| Tangible fixed assets | 22/27 | €49,075 | €34,644 | -€14,432 | -29.4% |
| Plant, machinery and equipment | 23 | €6,798 | €2,964 | -€3,834 | -56.4% |
| Furniture and vehicles | 24 | €37,434 | €27,779 | -€9,656 | -25.8% |
| Other tangible fixed assets | 26 | €4,843 | €3,901 | -€942 | -19.4% |
| Financial fixed assets | 28 | €451 | €451 | = | 0.0% |
| Current assets | 29/58 | €113,410 | €141,581 | +€28,171 | +24.8% |
| Amounts receivable within one year | 40/41 | €8,713 | €10,158 | +€1,445 | +16.6% |
| Trade receivables | 40 | €6,317 | €1,145 | -€5,173 | -81.9% |
| Other amounts receivable | 41 | €2,396 | €9,014 | +€6,618 | +276% |
| Cash at bank and in hand | 54/58 | €104,310 | €131,423 | +€27,113 | +26.0% |
| Deferred charges and accrued income | 490/1 | €387 | - | -€387 | |
| Total equity and liabilities | 10/49 | €163,461 | €177,100 | +€13,640 | +8.3% |
| Equity | 10/15 | €126,233 | €146,459 | +€20,227 | +16.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €106,000 | €126,000 | +€20,000 | +18.9% |
| Distributable reserves | 133 | €106,000 | €126,000 | +€20,000 | +18.9% |
| Profit (loss) carried forward | 14 | €233 | €459 | +€227 | +97.5% |
| Amounts payable | 17/49 | €37,228 | €30,641 | -€6,587 | -17.7% |
| Amounts payable after more than one year | 17 | €15,338 | €9,585 | -€5,753 | -37.5% |
| Financial debts | 170/4 | €15,338 | €9,585 | -€5,753 | -37.5% |
| Amounts payable within one year | 42/48 | €21,891 | €21,057 | -€834 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €7,645 | €5,753 | -€1,892 | -24.7% |
| Trade debts | 44 | €5,408 | €2,417 | -€2,991 | -55.3% |
| Suppliers | 440/4 | €5,408 | €2,417 | -€2,991 | -55.3% |
| Taxes, remuneration and social security | 45 | €8,183 | €3,232 | -€4,951 | -60.5% |
| Taxes | 450/3 | €1,727 | €1,114 | -€613 | -35.5% |
| Remuneration and social security | 454/9 | €6,456 | €2,118 | -€4,338 | -67.2% |
| Other amounts payable | 47/48 | €655 | €9,655 | +€9,000 | +1,375% |
| Remuneration, social security and pensions | 62 | €125,145 | €113,199 | -€11,947 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,772 | €15,159 | +€1,387 | +10.1% |
| Other operating charges | 640/8 | €2,302 | €399 | -€1,903 | -82.7% |
| Gross operating margin | 9900 | €220,678 | €185,141 | -€35,537 | -16.1% |
| Operating profit (loss) | 9901 | €79,459 | €56,384 | -€23,074 | -29.0% |
| Financial income | 75/76B | €104 | €66 | -€38 | -36.8% |
| Recurring financial income | 75 | €104 | €66 | -€38 | -36.8% |
| Financial charges | 65/66B | €1,326 | €1,127 | -€199 | -15.0% |
| Recurring financial charges | 65 | €1,326 | €1,127 | -€199 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €78,237 | €55,324 | -€22,914 | -29.3% |
| Income taxes | 67/77 | €22,735 | €16,038 | -€6,696 | -29.5% |
| Profit (loss) for the period | 9904 | €55,503 | €39,285 | -€16,217 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €55,503 | €39,285 | -€16,217 | -29.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.