SW-IT: 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-IT
Largest movements
- Cash +€40,179
up €40,179 (+34.6%), from €116,260 to €156,439
mainly Net result for the year (+€106,192) and Depreciation (+€54,393)
- Receivables within one year -€37,598
down €37,598 (-18.5%), from €202,799 to €165,200
of which Trade receivables: -€32,655
- Tangible fixed assets -€37,296
down €37,296 (-31.1%), from €120,039 to €82,744
of which Furniture and vehicles: -€36,975
- Intangible fixed assets +€17,656
up €17,656 (+19.3%), from €91,602 to €109,258
- Stocks and contracts +€8,768
up €8,768 (+17.4%), from €50,278 to €59,046
of which Stocks: +€21,758
- Debts after one year -€49,043
down €49,043 (-20.8%), from €235,410 to €186,367
of which Financial debts: -€31,611
- Other debts +€43,600
up €43,600 (+20.5%), from €213,130 to €256,729
- Short-term financial debts -€10,171
no longer reported in 2025 (was €10,171)
- Trade debts +€9,537
up €9,537 (+31.6%), from €30,208 to €39,745
- Gross operating margin +€51,787
up €51,787 (+21.8%), from €237,381 to €289,168
- Staff costs +€24,032
up €24,032 (+35.5%), from €67,717 to €91,749
- Taxes +€5,728
up €5,728 (+22.9%), from €24,989 to €30,717
- Depreciation +€5,464
up €5,464 (+11.2%), from €48,929 to €54,393
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 | €594,343 | €590,836 | -€3,507 | -0.6% |
| Fixed assets | 21/28 | €211,641 | €192,001 | -€19,640 | -9.3% |
| Intangible fixed assets | 21 | €91,602 | €109,258 | +€17,656 | +19.3% |
| Tangible fixed assets | 22/27 | €120,039 | €82,744 | -€37,296 | -31.1% |
| Plant, machinery and equipment | 23 | €1,014 | €694 | -€320 | -31.6% |
| Furniture and vehicles | 24 | €119,025 | €82,050 | -€36,975 | -31.1% |
| Current assets | 29/58 | €382,702 | €398,834 | +€16,133 | +4.2% |
| Stocks and contracts in progress | 3 | €50,278 | €59,046 | +€8,768 | +17.4% |
| Stocks | 30/36 | €25,476 | €47,234 | +€21,758 | +85.4% |
| Contracts in progress | 37 | €24,802 | €11,812 | -€12,990 | -52.4% |
| Amounts receivable within one year | 40/41 | €202,799 | €165,200 | -€37,598 | -18.5% |
| Trade receivables | 40 | €197,350 | €164,694 | -€32,655 | -16.5% |
| Other amounts receivable | 41 | €5,449 | €506 | -€4,943 | -90.7% |
| Cash at bank and in hand | 54/58 | €116,260 | €156,439 | +€40,179 | +34.6% |
| Deferred charges and accrued income | 490/1 | €13,365 | €18,149 | +€4,784 | +35.8% |
| Total equity and liabilities | 10/49 | €594,343 | €590,836 | -€3,507 | -0.6% |
| Equity | 10/15 | €18,750 | €18,750 | = | 0.0% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Amounts payable | 17/49 | €575,593 | €572,086 | -€3,507 | -0.6% |
| Amounts payable after more than one year | 17 | €235,410 | €186,367 | -€49,043 | -20.8% |
| Financial debts | 170/4 | €69,002 | €37,391 | -€31,611 | -45.8% |
| Other amounts payable | 178/9 | €166,408 | €148,976 | -€17,432 | -10.5% |
| Amounts payable within one year | 42/48 | €339,147 | €385,631 | +€46,484 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €33,716 | €31,611 | -€2,105 | -6.2% |
| Financial debts | 43 | €10,171 | - | -€10,171 | |
| Credit institutions | 430/8 | €10,171 | - | -€10,171 | |
| Trade debts | 44 | €30,208 | €39,745 | +€9,537 | +31.6% |
| Suppliers | 440/4 | €30,208 | €39,745 | +€9,537 | +31.6% |
| Taxes, remuneration and social security | 45 | €51,922 | €57,546 | +€5,624 | +10.8% |
| Taxes | 450/3 | €39,108 | €38,854 | -€254 | -0.6% |
| Remuneration and social security | 454/9 | €12,814 | €18,692 | +€5,878 | +45.9% |
| Other amounts payable | 47/48 | €213,130 | €256,729 | +€43,600 | +20.5% |
| Accrued charges and deferred income | 492/3 | €1,035 | €88 | -€947 | -91.5% |
| Non-recurring operating income | 76A | - | €85 | +€85 | |
| Remuneration, social security and pensions | 62 | €67,717 | €91,749 | +€24,032 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,929 | €54,393 | +€5,464 | +11.2% |
| Other operating charges | 640/8 | €2,910 | €2,670 | -€239 | -8.2% |
| Gross operating margin | 9900 | €237,381 | €289,168 | +€51,787 | +21.8% |
| Operating profit (loss) | 9901 | €117,826 | €140,356 | +€22,530 | +19.1% |
| Financial income | 75/76B | €47 | €125 | +€78 | +167% |
| Recurring financial income | 75 | €47 | €125 | +€78 | +167% |
| Financial charges | 65/66B | €5,457 | €3,571 | -€1,886 | -34.6% |
| Recurring financial charges | 65 | €5,457 | €3,571 | -€1,886 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €112,415 | €136,909 | +€24,494 | +21.8% |
| Income taxes | 67/77 | €24,989 | €30,717 | +€5,728 | +22.9% |
| Profit (loss) for the period | 9904 | €87,426 | €106,192 | +€18,766 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,426 | €106,192 | +€18,766 | +21.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.