SW-GLAS: 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.
SW-GLAS
Largest movements
- Receivables within one year +€27,108
up €27,108 (+1,439%), from €1,884 to €28,992
of which Other amounts receivable: +€15,020
- Tangible fixed assets +€12,128
new in 2025: €12,128
of which Furniture and vehicles: +€10,813
- Cash +€2,747
up €2,747 (+29.6%), from €9,264 to €12,010
mainly Net result for the year (+€22,970) and Tax, wage and social debts (+€7,847)
- Profit (loss) carried forward +€22,970
up €22,970 (+325%), from €7,075 to €30,045
- Tax, wage and social debts +€7,847
up €7,847 (+280%), from €2,802 to €10,650
- Debts after one year +€5,230
new in 2025: €5,230
- Current portion of long-term debt +€4,656
new in 2025: €4,656
- Trade debts +€1,546
new in 2025: €1,546
- Gross operating margin +€24,461
up €24,461 (+239%), from €10,244 to €34,705
- Taxes +€5,045
up €5,045 (+180%), from €2,802 to €7,847
- Depreciation +€2,187
new in 2025: €2,187
- Other operating charges +€888
up €888 (+276%), from €322 to €1,210
- Financial charges +€846
up €846 (+1,597%), from €53 to €899
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 | €11,576 | €53,130 | +€41,554 | +359% |
| Fixed assets | 21/28 | - | €12,128 | +€12,128 | |
| Tangible fixed assets | 22/27 | - | €12,128 | +€12,128 | |
| Furniture and vehicles | 24 | - | €10,813 | +€10,813 | |
| Assets under construction and advance payments | 27 | - | €1,315 | +€1,315 | |
| Current assets | 29/58 | €11,576 | €41,002 | +€29,426 | +254% |
| Amounts receivable within one year | 40/41 | €1,884 | €28,992 | +€27,108 | +1,439% |
| Trade receivables | 40 | €956 | €13,044 | +€12,088 | +1,264% |
| Other amounts receivable | 41 | €927 | €15,947 | +€15,020 | +1,620% |
| Cash at bank and in hand | 54/58 | €9,264 | €12,010 | +€2,747 | +29.6% |
| Deferred charges and accrued income | 490/1 | €429 | - | -€429 | |
| Total equity and liabilities | 10/49 | €11,576 | €53,130 | +€41,554 | +359% |
| Equity | 10/15 | €8,075 | €31,045 | +€22,970 | +284% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,075 | €30,045 | +€22,970 | +325% |
| Amounts payable | 17/49 | €3,502 | €22,086 | +€18,584 | +531% |
| Amounts payable after more than one year | 17 | - | €5,230 | +€5,230 | |
| Financial debts | 170/4 | - | €5,230 | +€5,230 | |
| Amounts payable within one year | 42/48 | €3,502 | €16,856 | +€13,354 | +381% |
| Current portion of amounts payable after more than one year | 42 | - | €4,656 | +€4,656 | |
| Financial debts | 43 | - | €4 | +€4 | |
| Credit institutions | 430/8 | - | €4 | +€4 | |
| Trade debts | 44 | - | €1,546 | +€1,546 | |
| Suppliers | 440/4 | - | €1,546 | +€1,546 | |
| Taxes, remuneration and social security | 45 | €2,802 | €10,650 | +€7,847 | +280% |
| Taxes | 450/3 | €2,802 | €10,650 | +€7,847 | +280% |
| Other amounts payable | 47/48 | €699 | - | -€699 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,187 | +€2,187 | |
| Other operating charges | 640/8 | €322 | €1,210 | +€888 | +276% |
| Gross operating margin | 9900 | €10,244 | €34,705 | +€24,461 | +239% |
| Operating profit (loss) | 9901 | €9,922 | €31,308 | +€21,386 | +216% |
| Financial income | 75/76B | €7 | €408 | +€401 | +5,524% |
| Recurring financial income | 75 | €7 | €408 | +€401 | +5,524% |
| Financial charges | 65/66B | €53 | €899 | +€846 | +1,597% |
| Recurring financial charges | 65 | €53 | €899 | +€846 | +1,597% |
| Profit (loss) for the period before taxes | 9903 | €9,877 | €30,817 | +€20,941 | +212% |
| Income taxes | 67/77 | €2,802 | €7,847 | +€5,045 | +180% |
| Profit (loss) for the period | 9904 | €7,075 | €22,970 | +€15,895 | +225% |
| Profit (loss) for the period to be appropriated | 9905 | €7,075 | €22,970 | +€15,895 | +225% |
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 19 October 2026 via checked.be.