SW Innovation: what changed
SW Innovation
Largest movements
- Receivables within one year +€52,904
up €52,904 (+945%), from €5,600 to €58,504
of which Trade receivables: +€53,230
- Cash +€23,322
up €23,322 (+12.1%), from €193,321 to €216,643
mainly Net result for the year (+€64,518) and Trade debts (+€53,887)
- Tangible fixed assets +€22,778
up €22,778 (+42.3%), from €53,902 to €76,679
of which Other tangible fixed assets: +€17,330
- Reserves +€64,518
up €64,518 (+31.6%), from €203,907 to €268,425
- Trade debts +€53,887
up €53,887 (+292,068%), from €18 to €53,905
- Tax, wage and social debts -€18,159
down €18,159 (-80.2%), from €22,643 to €4,484
- Gross operating margin +€20,932
up €20,932 (+29.3%), from €71,419 to €92,351
- Financial charges -€18,650
down €18,650 (-97.0%), from €19,228 to €578
- Taxes +€7,669
up €7,669 (+42.3%), from €18,112 to €25,781
- Financial income +€5,918
up €5,918 (+436%), from €1,358 to €7,276
- Depreciation +€5,259
up €5,259 (+198%), from €2,652 to €7,910
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €362,726 | €466,295 | +€103,569 | +28.6% |
| Fixed assets | 21/28 | €53,902 | €76,679 | +€22,778 | +42.3% |
| Tangible fixed assets | 22/27 | €53,902 | €76,679 | +€22,778 | +42.3% |
| Land and buildings | 22 | €12,263 | €10,786 | -€1,476 | -12.0% |
| Plant, machinery and equipment | 23 | €1,064 | €728 | -€336 | -31.6% |
| Furniture and vehicles | 24 | €4,174 | €11,435 | +€7,261 | +174% |
| Other tangible fixed assets | 26 | €36,400 | €53,730 | +€17,330 | +47.6% |
| Current assets | 29/58 | €308,824 | €389,616 | +€80,792 | +26.2% |
| Amounts receivable within one year | 40/41 | €5,600 | €58,504 | +€52,904 | +945% |
| Trade receivables | 40 | - | €53,230 | +€53,230 | |
| Other amounts receivable | 41 | €5,600 | €5,274 | -€326 | -5.8% |
| Current investments | 50/53 | €109,903 | €114,469 | +€4,566 | +4.2% |
| Cash at bank and in hand | 54/58 | €193,321 | €216,643 | +€23,322 | +12.1% |
| Total equity and liabilities | 10/49 | €362,726 | €466,295 | +€103,569 | +28.6% |
| Equity | 10/15 | €210,107 | €274,625 | +€64,518 | +30.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €203,907 | €268,425 | +€64,518 | +31.6% |
| Distributable reserves | 133 | €203,907 | €268,425 | +€64,518 | +31.6% |
| Amounts payable | 17/49 | €152,619 | €191,671 | +€39,051 | +25.6% |
| Amounts payable within one year | 42/48 | €152,619 | €191,671 | +€39,051 | +25.6% |
| Trade debts | 44 | €18 | €53,905 | +€53,887 | +292,068% |
| Suppliers | 440/4 | €18 | €53,905 | +€53,887 | +292,068% |
| Taxes, remuneration and social security | 45 | €22,643 | €4,484 | -€18,159 | -80.2% |
| Taxes | 450/3 | €22,643 | €4,484 | -€18,159 | -80.2% |
| Other amounts payable | 47/48 | €129,958 | €133,282 | +€3,324 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,652 | €7,910 | +€5,259 | +198% |
| Other operating charges | 640/8 | €562 | €840 | +€278 | +49.5% |
| Gross operating margin | 9900 | €71,419 | €92,351 | +€20,932 | +29.3% |
| Operating profit (loss) | 9901 | €68,206 | €83,601 | +€15,396 | +22.6% |
| Financial income | 75/76B | €1,358 | €7,276 | +€5,918 | +436% |
| Recurring financial income | 75 | €1,358 | €7,276 | +€5,918 | +436% |
| Financial charges | 65/66B | €19,228 | €578 | -€18,650 | -97.0% |
| Recurring financial charges | 65 | €19,228 | €578 | -€18,650 | -97.0% |
| Profit (loss) for the period before taxes | 9903 | €50,336 | €90,299 | +€39,963 | +79.4% |
| Income taxes | 67/77 | €18,112 | €25,781 | +€7,669 | +42.3% |
| Profit (loss) for the period | 9904 | €32,224 | €64,518 | +€32,294 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €32,224 | €64,518 | +€32,294 | +100% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.