SW PRODUCTION: 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 PRODUCTION
Largest movements
- Receivables within one year -€3,655
down €3,655 (-90.5%), from €4,037 to €382
- Cash +€3,502
up €3,502 (+38.6%), from €9,079 to €12,581
mainly Depreciation (+€6,738) and Receivables within one year (+€3,655)
- Tangible fixed assets -€2,692
down €2,692 (-37.4%), from €7,197 to €4,505
- Deferred charges and accrued income -€1,000
down €1,000 (-32.4%), from €3,083 to €2,083
- Profit (loss) carried forward -€9,671
down €9,671 (-1,291%), from -€749 to -€10,420
- Trade debts +€2,590
up €2,590 (+123%), from €2,111 to €4,701
- Current portion of long-term debt +€2,547
new in 2025: €2,547
- Tax, wage and social debts +€2,264
up €2,264 (+25.5%), from €8,894 to €11,158
- Other debts -€1,574
down €1,574 (-96.0%), from €1,641 to €66
- Gross operating margin -€8,451
down €8,451 (-95.4%), from €8,860 to €408
- Depreciation +€657
up €657 (+10.8%), from €6,081 to €6,738
- Taxes -€236
down €236 (-64.2%), from €368 to €132
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 | €23,396 | €19,552 | -€3,844 | -16.4% |
| Fixed assets | 21/28 | €7,197 | €4,505 | -€2,692 | -37.4% |
| Tangible fixed assets | 22/27 | €7,197 | €4,505 | -€2,692 | -37.4% |
| Furniture and vehicles | 24 | €7,197 | €4,505 | -€2,692 | -37.4% |
| Current assets | 29/58 | €16,199 | €15,046 | -€1,153 | -7.1% |
| Amounts receivable within one year | 40/41 | €4,037 | €382 | -€3,655 | -90.5% |
| Trade receivables | 40 | €4,037 | €382 | -€3,655 | -90.5% |
| Cash at bank and in hand | 54/58 | €9,079 | €12,581 | +€3,502 | +38.6% |
| Deferred charges and accrued income | 490/1 | €3,083 | €2,083 | -€1,000 | -32.4% |
| Total equity and liabilities | 10/49 | €23,396 | €19,552 | -€3,844 | -16.4% |
| Equity | 10/15 | €10,751 | €1,080 | -€9,671 | -90.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,500 | €8,500 | = | 0.0% |
| Distributable reserves | 133 | €8,500 | €8,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€749 | -€10,420 | -€9,671 | -1,291% |
| Amounts payable | 17/49 | €12,645 | €18,472 | +€5,827 | +46.1% |
| Amounts payable within one year | 42/48 | €12,645 | €18,472 | +€5,827 | +46.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,547 | +€2,547 | |
| Trade debts | 44 | €2,111 | €4,701 | +€2,590 | +123% |
| Suppliers | 440/4 | €2,111 | €4,701 | +€2,590 | +123% |
| Taxes, remuneration and social security | 45 | €8,894 | €11,158 | +€2,264 | +25.5% |
| Taxes | 450/3 | €8,894 | €11,158 | +€2,264 | +25.5% |
| Other amounts payable | 47/48 | €1,641 | €66 | -€1,574 | -96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,081 | €6,738 | +€657 | +10.8% |
| Other operating charges | 640/8 | €817 | €820 | +€4 | +0.5% |
| Gross operating margin | 9900 | €8,860 | €408 | -€8,451 | -95.4% |
| Operating profit (loss) | 9901 | €1,962 | -€7,150 | -€9,112 | |
| Financial charges | 65/66B | €2,366 | €2,389 | +€23 | +1.0% |
| Recurring financial charges | 65 | €2,366 | €2,389 | +€23 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | -€404 | -€9,539 | -€9,135 | -2,263% |
| Income taxes | 67/77 | €368 | €132 | -€236 | -64.2% |
| Profit (loss) for the period | 9904 | -€772 | -€9,671 | -€8,899 | -1,153% |
| Profit (loss) for the period to be appropriated | 9905 | -€772 | -€9,671 | -€8,899 | -1,153% |
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 26 October 2026 via checked.be.