SW Pro: 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 Pro
Largest movements
- Financial fixed assets +€255,000
up €255,000 (+24.3%), from €1.1m to €1.3m
- Receivables within one year +€111,549
up €111,549 (+1,968%), from €5,669 to €117,218
of which Other amounts receivable: +€84,604
- Tangible fixed assets +€27,525
up €27,525 (+27.2%), from €101,020 to €128,545
of which Other tangible fixed assets: +€50,073
- Debts after one year +€388,200
up €388,200 (+74.7%), from €520,000 to €908,200
- Profit (loss) carried forward -€56,433
down €56,433 (-90.9%), from -€62,095 to -€118,528
- Accrued charges and deferred income +€50,558
up €50,558 (+77.2%), from €65,504 to €116,062
- Gross operating margin +€20,667
up €20,667 (+203%), from €10,199 to €30,865
- Financial charges +€8,645
up €8,645 (+20.6%), from €42,009 to €50,654
- Depreciation +€6,099
up €6,099 (+21.7%), from €28,050 to €34,148
- Financial income -€669
down €669 (-29.6%), from €2,260 to €1,591
of which Non-recurring financial income: -€465
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 | €1,228,758 | €1,622,177 | +€393,419 | +32.0% |
| Fixed assets | 21/28 | €1,151,020 | €1,433,545 | +€282,525 | +24.5% |
| Tangible fixed assets | 22/27 | €101,020 | €128,545 | +€27,525 | +27.2% |
| Furniture and vehicles | 24 | €51,764 | €29,216 | -€22,548 | -43.6% |
| Other tangible fixed assets | 26 | €49,256 | €99,329 | +€50,073 | +102% |
| Financial fixed assets | 28 | €1,050,000 | €1,305,000 | +€255,000 | +24.3% |
| Current assets | 29/58 | €77,739 | €188,632 | +€110,893 | +143% |
| Amounts receivable within one year | 40/41 | €5,669 | €117,218 | +€111,549 | +1,968% |
| Trade receivables | 40 | €273 | €27,218 | +€26,946 | +9,877% |
| Other amounts receivable | 41 | €5,396 | €90,000 | +€84,604 | +1,568% |
| Cash at bank and in hand | 54/58 | €70,005 | €69,761 | -€244 | -0.3% |
| Deferred charges and accrued income | 490/1 | €2,065 | €1,652 | -€412 | -20.0% |
| Total equity and liabilities | 10/49 | €1,228,758 | €1,622,177 | +€393,419 | +32.0% |
| Equity | 10/15 | €622,503 | €566,069 | -€56,433 | -9.1% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Capital | 10 | €210,000 | €210,000 | = | 0.0% |
| Issued capital | 100 | €210,000 | €210,000 | = | 0.0% |
| Reserves | 13 | €474,598 | €474,598 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,000 | €21,000 | = | 0.0% |
| Legal reserve | 130 | €21,000 | €21,000 | = | 0.0% |
| Distributable reserves | 133 | €453,598 | €453,598 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,095 | -€118,528 | -€56,433 | -90.9% |
| Amounts payable | 17/49 | €606,256 | €1,056,108 | +€449,852 | +74.2% |
| Amounts payable after more than one year | 17 | €520,000 | €908,200 | +€388,200 | +74.7% |
| Other amounts payable | 178/9 | €520,000 | €908,200 | +€388,200 | +74.7% |
| Amounts payable within one year | 42/48 | €20,752 | €31,845 | +€11,094 | +53.5% |
| Trade debts | 44 | €201 | €5,610 | +€5,409 | +2,689% |
| Suppliers | 440/4 | €201 | €5,610 | +€5,409 | +2,689% |
| Taxes, remuneration and social security | 45 | €4,247 | €4,468 | +€221 | +5.2% |
| Taxes | 450/3 | €4,247 | €4,468 | +€221 | +5.2% |
| Other amounts payable | 47/48 | €16,303 | €21,767 | +€5,464 | +33.5% |
| Accrued charges and deferred income | 492/3 | €65,504 | €116,062 | +€50,558 | +77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,050 | €34,148 | +€6,099 | +21.7% |
| Other operating charges | 640/8 | €2,230 | €2,110 | -€120 | -5.4% |
| Non-recurring operating charges | 66A | €1,861 | €1,591 | -€270 | -14.5% |
| Gross operating margin | 9900 | €10,199 | €30,865 | +€20,667 | +203% |
| Operating profit (loss) | 9901 | -€21,942 | -€6,984 | +€14,958 | +68.2% |
| Financial income | 75/76B | €2,260 | €1,591 | -€669 | -29.6% |
| Recurring financial income | 75 | €204 | €1,591 | +€1,387 | +680% |
| Non-recurring financial income | 76B | €2,056 | €1,591 | -€465 | -22.6% |
| Financial charges | 65/66B | €42,009 | €50,654 | +€8,645 | +20.6% |
| Recurring financial charges | 65 | €42,009 | €50,654 | +€8,645 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | -€61,690 | -€56,047 | +€5,644 | +9.1% |
| Income taxes | 67/77 | €405 | €387 | -€18 | -4.5% |
| Profit (loss) for the period | 9904 | -€62,095 | -€56,433 | +€5,662 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,095 | -€56,433 | +€5,662 | +9.1% |
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 16 October 2026 via checked.be.