SW Service: what changed
SW Service
Largest movements
- Stocks and contracts +€9,000
new in 2025: €9,000
- Cash -€3,360
down €3,360 (-66.5%), from €5,052 to €1,692
mainly Stocks and contracts (-€9,000) and Receivables within one year (-€2,985)
- Receivables within one year +€2,985
up €2,985 (+96.9%), from €3,080 to €6,065
of which Other amounts receivable: +€1,827
- Tangible fixed assets -€1,368
down €1,368 (-28.9%), from €4,738 to €3,370
of which Plant, machinery and equipment: -€823
- Deferred charges and accrued income -€862
down €862 (-71.8%), from €1,200 to €338
- Debts after one year +€2,362
up €2,362 (+68.9%), from €3,428 to €5,790
- Reserves +€1,347
up €1,347 (+38.1%), from €3,531 to €4,877
- Tax, wage and social debts +€1,209
up €1,209 (+73.0%), from €1,657 to €2,866
- Trade debts +€1,088
up €1,088 (+88.8%), from €1,226 to €2,314
- Current portion of long-term debt +€518
up €518 (+26.7%), from €1,943 to €2,461
- Financial charges +€1,771
up €1,771 (+178%), from €994 to €2,766
- Gross operating margin +€1,501
up €1,501 (+21.0%), from €7,134 to €8,635
- Depreciation +€911
up €911 (+200%), from €457 to €1,368
- Other operating charges +€165
up €165 (+28.2%), from €586 to €751
- Taxes -€138
down €138 (-8.8%), from €1,567 to €1,429
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,069 | €20,465 | +€6,396 | +45.5% |
| Fixed assets | 21/28 | €4,738 | €3,370 | -€1,368 | -28.9% |
| Tangible fixed assets | 22/27 | €4,738 | €3,370 | -€1,368 | -28.9% |
| Plant, machinery and equipment | 23 | €2,182 | €1,359 | -€823 | -37.7% |
| Furniture and vehicles | 24 | €2,556 | €2,010 | -€545 | -21.3% |
| Current assets | 29/58 | €9,331 | €17,095 | +€7,764 | +83.2% |
| Stocks and contracts in progress | 3 | - | €9,000 | +€9,000 | |
| Contracts in progress | 37 | - | €9,000 | +€9,000 | |
| Amounts receivable within one year | 40/41 | €3,080 | €6,065 | +€2,985 | +96.9% |
| Trade receivables | 40 | €2,300 | €3,458 | +€1,158 | +50.3% |
| Other amounts receivable | 41 | €780 | €2,607 | +€1,827 | +234% |
| Cash at bank and in hand | 54/58 | €5,052 | €1,692 | -€3,360 | -66.5% |
| Deferred charges and accrued income | 490/1 | €1,200 | €338 | -€862 | -71.8% |
| Total equity and liabilities | 10/49 | €14,069 | €20,465 | +€6,396 | +45.5% |
| Equity | 10/15 | €5,531 | €6,877 | +€1,347 | +24.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €3,531 | €4,877 | +€1,347 | +38.1% |
| Distributable reserves | 133 | €3,531 | €4,877 | +€1,347 | +38.1% |
| Amounts payable | 17/49 | €8,538 | €13,587 | +€5,049 | +59.1% |
| Amounts payable after more than one year | 17 | €3,428 | €5,790 | +€2,362 | +68.9% |
| Financial debts | 170/4 | €3,428 | €5,790 | +€2,362 | +68.9% |
| Amounts payable within one year | 42/48 | €5,111 | €7,797 | +€2,687 | +52.6% |
| Current portion of amounts payable after more than one year | 42 | €1,943 | €2,461 | +€518 | +26.7% |
| Financial debts | 43 | - | €156 | +€156 | |
| Credit institutions | 430/8 | - | €156 | +€156 | |
| Trade debts | 44 | €1,226 | €2,314 | +€1,088 | +88.8% |
| Suppliers | 440/4 | €1,226 | €2,314 | +€1,088 | +88.8% |
| Taxes, remuneration and social security | 45 | €1,657 | €2,866 | +€1,209 | +73.0% |
| Taxes | 450/3 | €1,657 | €2,866 | +€1,209 | +73.0% |
| Other amounts payable | 47/48 | €285 | €0 | -€285 | -100% |
| Non-recurring operating income | 76A | - | €1,681 | +€1,681 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €457 | €1,368 | +€911 | +200% |
| Other operating charges | 640/8 | €586 | €751 | +€165 | +28.2% |
| Non-recurring operating charges | 66A | - | €975 | +€975 | |
| Gross operating margin | 9900 | €7,134 | €8,635 | +€1,501 | +21.0% |
| Operating profit (loss) | 9901 | €6,092 | €5,542 | -€551 | -9.0% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €994 | €2,766 | +€1,771 | +178% |
| Recurring financial charges | 65 | €994 | €2,766 | +€1,771 | +178% |
| Profit (loss) for the period before taxes | 9903 | €5,098 | €2,776 | -€2,322 | -45.5% |
| Income taxes | 67/77 | €1,567 | €1,429 | -€138 | -8.8% |
| Profit (loss) for the period | 9904 | €3,531 | €1,347 | -€2,184 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,531 | €1,347 | -€2,184 | -61.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.