SW Real Estate: 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 Real Estate
Largest movements
- Stocks and contracts +€503,094
new in 2025: €503,094
- Cash +€29,723
up €29,723 (+6,823%), from €436 to €30,159
mainly Debts after one year (+€529,410) and Trade debts (+€13,900)
- Receivables within one year +€9,634
up €9,634 (+2,112%), from €456 to €10,091
- Debts after one year +€529,410
new in 2025: €529,410
- Trade debts +€13,900
up €13,900 (+3,016%), from €461 to €14,360
- Gross operating margin +€3,270
up €3,270, from -€1,456 to €1,815
- Financial charges +€1,027
up €1,027 (+1,119%), from €92 to €1,119
- Other operating charges +€415
up €415 (+53.7%), from €772 to €1,186
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 | €892 | €543,711 | +€542,819 | +60,871% |
| Current assets | 29/58 | €892 | €543,711 | +€542,819 | +60,871% |
| Stocks and contracts in progress | 3 | - | €503,094 | +€503,094 | |
| Stocks | 30/36 | - | €503,094 | +€503,094 | |
| Amounts receivable within one year | 40/41 | €456 | €10,091 | +€9,634 | +2,112% |
| Other amounts receivable | 41 | €456 | €10,091 | +€9,634 | +2,112% |
| Cash at bank and in hand | 54/58 | €436 | €30,159 | +€29,723 | +6,823% |
| Deferred charges and accrued income | 490/1 | - | €367 | +€367 | |
| Total equity and liabilities | 10/49 | €892 | €543,711 | +€542,819 | +60,871% |
| Equity | 10/15 | €431 | -€60 | -€491 | |
| Contributions | 10/11 | €2,750 | €2,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,319 | -€2,810 | -€491 | -21.2% |
| Amounts payable | 17/49 | €461 | €543,771 | +€543,310 | +117,875% |
| Amounts payable after more than one year | 17 | - | €529,410 | +€529,410 | |
| Financial debts | 170/4 | - | €529,410 | +€529,410 | |
| Amounts payable within one year | 42/48 | €461 | €14,360 | +€13,900 | +3,016% |
| Trade debts | 44 | €461 | €14,360 | +€13,900 | +3,016% |
| Suppliers | 440/4 | €461 | €14,360 | +€13,900 | +3,016% |
| Other operating charges | 640/8 | €772 | €1,186 | +€415 | +53.7% |
| Gross operating margin | 9900 | -€1,456 | €1,815 | +€3,270 | |
| Operating profit (loss) | 9901 | -€2,227 | €628 | +€2,856 | |
| Financial charges | 65/66B | €92 | €1,119 | +€1,027 | +1,119% |
| Recurring financial charges | 65 | €92 | €1,119 | +€1,027 | +1,119% |
| Profit (loss) for the period before taxes | 9903 | -€2,319 | -€491 | +€1,828 | +78.8% |
| Profit (loss) for the period | 9904 | -€2,319 | -€491 | +€1,828 | +78.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,319 | -€491 | +€1,828 | +78.8% |
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 24 October 2026 via checked.be.