SW EVOLUTION: what changed
Two fiscal 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.
SW EVOLUTION
Largest movements
- Receivables within one year +€26,799
up €26,799 (+28.8%), from €93,110 to €119,909
of which Trade receivables: +€26,307
- Tangible fixed assets -€10,228
no longer reported in 2024 (was €10,228)
- Cash -€3,733
down €3,733 (-87.2%), from €4,279 to €546
mainly Receivables within one year (-€26,799) and Net result for the year (-€22,268)
- Trade debts +€41,138
up €41,138 (+66.7%), from €61,689 to €102,826
- Profit (loss) carried forward -€22,268
down €22,268, from €16,148 to -€6,119
- Tax, wage and social debts -€5,895
down €5,895 (-72.4%), from €8,145 to €2,250
of which Taxes: -€4,894
- Gross operating margin -€44,219
down €44,219, from €34,426 to -€9,793
- Staff costs -€18,621
down €18,621 (-96.2%), from €19,364 to €743
- Other operating charges +€12,586
up €12,586 (+2378.9%), from €529 to €13,115
- Depreciation -€3,143
down €3,143 (-75.1%), from €4,186 to €1,043
- Financial income +€2,753
new in 2024: €2,753
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,359 | €121,198 | +€12,838 | +11.8% |
| Fixed assets | 21/28 | €10,971 | €743 | -€10,228 | -93.2% |
| Tangible fixed assets | 22/27 | €10,228 | - | -€10,228 | |
| Furniture and vehicles | 24 | €10,228 | - | -€10,228 | |
| Financial fixed assets | 28 | €743 | €743 | = | 0.0% |
| Current assets | 29/58 | €97,389 | €120,455 | +€23,066 | +23.7% |
| Amounts receivable within one year | 40/41 | €93,110 | €119,909 | +€26,799 | +28.8% |
| Trade receivables | 40 | €93,110 | €119,416 | +€26,307 | +28.3% |
| Other amounts receivable | 41 | - | €492 | +€492 | |
| Cash at bank and in hand | 54/58 | €4,279 | €546 | -€3,733 | -87.2% |
| Total equity and liabilities | 10/49 | €108,359 | €121,198 | +€12,838 | +11.8% |
| Equity | 10/15 | €18,148 | -€4,119 | -€22,268 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,148 | -€6,119 | -€22,268 | |
| Amounts payable | 17/49 | €90,211 | €125,317 | +€35,106 | +38.9% |
| Amounts payable within one year | 42/48 | €90,211 | €125,317 | +€35,106 | +38.9% |
| Trade debts | 44 | €61,689 | €102,826 | +€41,138 | +66.7% |
| Suppliers | 440/4 | €61,689 | €102,826 | +€41,138 | +66.7% |
| Advances received on contracts in progress | 46 | €14,225 | €14,225 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,145 | €2,250 | -€5,895 | -72.4% |
| Taxes | 450/3 | €7,081 | €2,188 | -€4,894 | -69.1% |
| Remuneration and social security | 454/9 | €1,064 | €63 | -€1,001 | -94.1% |
| Other amounts payable | 47/48 | €6,152 | €6,015 | -€137 | -2.2% |
| Remuneration, social security and pensions | 62 | €19,364 | €743 | -€18,621 | -96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,186 | €1,043 | -€3,143 | -75.1% |
| Other operating charges | 640/8 | €529 | €13,115 | +€12,586 | +2378.9% |
| Gross operating margin | 9900 | €34,426 | -€9,793 | -€44,219 | |
| Operating profit (loss) | 9901 | €10,347 | -€24,694 | -€35,040 | |
| Financial income | 75/76B | - | €2,753 | +€2,753 | |
| Recurring financial income | 75 | - | €2,753 | +€2,753 | |
| Financial charges | 65/66B | €141 | €327 | +€186 | +132.0% |
| Recurring financial charges | 65 | €141 | €327 | +€186 | +132.0% |
| Profit (loss) for the period before taxes | 9903 | €10,206 | -€22,268 | -€32,474 | |
| Income taxes | 67/77 | €2,188 | - | -€2,188 | |
| Profit (loss) for the period | 9904 | €8,019 | -€22,268 | -€30,286 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,019 | -€22,268 | -€30,286 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.