SW Vision: what changed
What changed
SW Vision
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€179,338
2024 · €123,301+€56,037
Equity
€80,748
2024 · €247,982-€167,233
Cash
€352,980
2024 · €239,493+€113,487
Balance sheet total
€458,515
2024 · €299,228+€159,287
Largest movements
Assets
- Cash +€113,487
up €113,487 (+47.4%), from €239,493 to €352,980
mainly Other debts (+€335,981) and Net result for the year (+€179,338)
- Receivables within one year +€49,142
up €49,142 (+159%), from €30,841 to €79,983
of which Other amounts receivable: +€44,391
Equity and liabilities
- Other debts +€335,981
up €335,981 (+3,172%), from €10,591 to €346,571
- Reserves -€167,233
down €167,233 (-67.7%), from €246,982 to €79,748
- Debts after one year -€11,294
down €11,294 (-74.9%), from €15,088 to €3,794
Income statement
- Gross operating margin +€74,292
up €74,292 (+43.0%), from €172,578 to €246,870
- Taxes +€18,496
up €18,496 (+52.0%), from €35,598 to €54,094
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.
Result 2024
€123,301
Gross operating margin
+€74,292
Depreciation
-€457
Other operating charges
-€415
Financial income
+€331
Financial charges
+€782
Taxes
-€18,496
Result 2025
€179,338
raises the resultlowers the result
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.
From operations
+€480,690
Investment
-€9,471
Financing
-€357,732
Cash 2024
€239,493
From operations (derived)
+€480,690
Net result for the year
+€179,338
Depreciation
+€12,813
Receivables within one year
-€49,142
Smaller working-capital items
-€647
Tax, wage and social debts
+€2,348
Other debts
+€335,981
Investment (derived)
-€9,471
Investment in fixed assets (net)
-€9,471
Financing
-€357,732
Debts after one year
-€11,294
Current portion of long-term debt
+€133
Contributions, distributions and other
-€346,571
Cash 2025
€352,980
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €299,228 | €458,515 | +€159,287 | +53.2% |
| Fixed assets | 21/28 | €28,894 | €25,552 | -€3,342 | -11.6% |
| Tangible fixed assets | 22/27 | €28,894 | €25,552 | -€3,342 | -11.6% |
| Furniture and vehicles | 24 | €28,894 | €23,950 | -€4,944 | -17.1% |
| Other tangible fixed assets | 26 | - | €1,602 | +€1,602 | |
| Current assets | 29/58 | €270,334 | €432,963 | +€162,629 | +60.2% |
| Amounts receivable within one year | 40/41 | €30,841 | €79,983 | +€49,142 | +159% |
| Trade receivables | 40 | €26,439 | €31,189 | +€4,751 | +18.0% |
| Other amounts receivable | 41 | €4,402 | €48,793 | +€44,391 | +1,008% |
| Cash at bank and in hand | 54/58 | €239,493 | €352,980 | +€113,487 | +47.4% |
| Total equity and liabilities | 10/49 | €299,228 | €458,515 | +€159,287 | +53.2% |
| Equity | 10/15 | €247,982 | €80,748 | -€167,233 | -67.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €246,982 | €79,748 | -€167,233 | -67.7% |
| Distributable reserves | 133 | €246,982 | €79,748 | -€167,233 | -67.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €51,246 | €377,767 | +€326,520 | +637% |
| Amounts payable after more than one year | 17 | €15,088 | €3,794 | -€11,294 | -74.9% |
| Financial debts | 170/4 | €15,088 | €3,794 | -€11,294 | -74.9% |
| Amounts payable within one year | 42/48 | €35,538 | €373,972 | +€338,434 | +952% |
| Current portion of amounts payable after more than one year | 42 | €11,161 | €11,294 | +€133 | +1.2% |
| Trade debts | 44 | €1,670 | €1,643 | -€27 | -1.6% |
| Suppliers | 440/4 | €1,670 | €1,643 | -€27 | -1.6% |
| Taxes, remuneration and social security | 45 | €12,117 | €14,465 | +€2,348 | +19.4% |
| Taxes | 450/3 | €12,117 | €14,465 | +€2,348 | +19.4% |
| Other amounts payable | 47/48 | €10,591 | €346,571 | +€335,981 | +3,172% |
| Accrued charges and deferred income | 492/3 | €620 | €0 | -€620 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,356 | €12,813 | +€457 | +3.7% |
| Other operating charges | 640/8 | €141 | €555 | +€415 | +295% |
| Gross operating margin | 9900 | €172,578 | €246,870 | +€74,292 | +43.0% |
| Operating profit (loss) | 9901 | €160,081 | €233,502 | +€73,420 | +45.9% |
| Financial income | 75/76B | - | €331 | +€331 | |
| Recurring financial income | 75 | - | €331 | +€331 | |
| Financial charges | 65/66B | €1,182 | €401 | -€782 | -66.1% |
| Recurring financial charges | 65 | €1,182 | €401 | -€782 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | €158,899 | €233,432 | +€74,533 | +46.9% |
| Income taxes | 67/77 | €35,598 | €54,094 | +€18,496 | +52.0% |
| Profit (loss) for the period | 9904 | €123,301 | €179,338 | +€56,037 | +45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €123,301 | €179,338 | +€56,037 | +45.4% |
Next steps
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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 3 November 2026 via checked.be.