SW MOL: 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 MOL
Largest movements
- Current investments -€56,000
no longer reported in 2025 (was €56,000)
- Receivables within one year +€45,842
up €45,842 (+263%), from €17,454 to €63,296
of which Trade receivables: +€42,123
- Cash +€13,153
up €13,153 (+22.5%), from €58,384 to €71,537
mainly Current investments (+€56,000) and Depreciation (+€8,548)
- Tangible fixed assets -€8,548
down €8,548 (-87.1%), from €9,818 to €1,270
of which Furniture and vehicles: -€7,731
- Current portion of long-term debt -€9,031
no longer reported in 2025 (was €9,031)
- Reserves +€4,558
up €4,558 (+4.1%), from €110,290 to €114,848
- Trade debts -€2,298
down €2,298 (-24.6%), from €9,335 to €7,037
- Depreciation -€3,670
down €3,670 (-30.0%), from €12,218 to €8,548
- Gross operating margin +€3,523
up €3,523 (+29.4%), from €11,992 to €15,515
- Taxes +€1,994
up €1,994 (+485%), from €411 to €2,405
- Other operating charges +€1,270
up €1,270 (+132%), from €960 to €2,230
- Financial income +€568
up €568 (+23.9%), from €2,375 to €2,943
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 | €149,291 | €142,973 | -€6,317 | -4.2% |
| Fixed assets | 21/28 | €9,818 | €1,270 | -€8,548 | -87.1% |
| Tangible fixed assets | 22/27 | €9,818 | €1,270 | -€8,548 | -87.1% |
| Plant, machinery and equipment | 23 | €1,634 | €817 | -€817 | -50.0% |
| Furniture and vehicles | 24 | €8,184 | €453 | -€7,731 | -94.5% |
| Current assets | 29/58 | €139,473 | €141,703 | +€2,230 | +1.6% |
| Stocks and contracts in progress | 3 | €6,450 | €6,870 | +€420 | +6.5% |
| Stocks | 30/36 | €2,450 | €2,200 | -€250 | -10.2% |
| Contracts in progress | 37 | €4,000 | €4,670 | +€670 | +16.8% |
| Amounts receivable within one year | 40/41 | €17,454 | €63,296 | +€45,842 | +263% |
| Trade receivables | 40 | €3,272 | €45,395 | +€42,123 | +1,287% |
| Other amounts receivable | 41 | €14,182 | €17,901 | +€3,719 | +26.2% |
| Current investments | 50/53 | €56,000 | - | -€56,000 | |
| Cash at bank and in hand | 54/58 | €58,384 | €71,537 | +€13,153 | +22.5% |
| Deferred charges and accrued income | 490/1 | €1,185 | - | -€1,185 | |
| Total equity and liabilities | 10/49 | €149,291 | €142,973 | -€6,317 | -4.2% |
| Equity | 10/15 | €128,890 | €133,448 | +€4,558 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €110,290 | €114,848 | +€4,558 | +4.1% |
| Distributable reserves | 133 | €110,290 | €114,848 | +€4,558 | +4.1% |
| Amounts payable | 17/49 | €20,401 | €9,526 | -€10,875 | -53.3% |
| Amounts payable within one year | 42/48 | €20,091 | €9,216 | -€10,875 | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €9,031 | - | -€9,031 | |
| Trade debts | 44 | €9,335 | €7,037 | -€2,298 | -24.6% |
| Suppliers | 440/4 | €9,335 | €7,037 | -€2,298 | -24.6% |
| Taxes, remuneration and social security | 45 | €1,725 | €2,178 | +€454 | +26.3% |
| Taxes | 450/3 | €1,725 | €2,178 | +€454 | +26.3% |
| Accrued charges and deferred income | 492/3 | €310 | €310 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,218 | €8,548 | -€3,670 | -30.0% |
| Other operating charges | 640/8 | €960 | €2,230 | +€1,270 | +132% |
| Gross operating margin | 9900 | €11,992 | €15,515 | +€3,523 | +29.4% |
| Operating profit (loss) | 9901 | -€1,185 | €4,738 | +€5,923 | |
| Financial income | 75/76B | €2,375 | €2,943 | +€568 | +23.9% |
| Recurring financial income | 75 | €2,375 | €2,943 | +€568 | +23.9% |
| Financial charges | 65/66B | €461 | €718 | +€257 | +55.6% |
| Recurring financial charges | 65 | €461 | €718 | +€257 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | €728 | €6,962 | +€6,235 | +856% |
| Income taxes | 67/77 | €411 | €2,405 | +€1,994 | +485% |
| Profit (loss) for the period | 9904 | €317 | €4,558 | +€4,241 | +1,337% |
| Profit (loss) for the period to be appropriated | 9905 | €317 | €4,558 | +€4,241 | +1,337% |
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 25 October 2026 via checked.be.