SW10: 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.
SW10
Largest movements
- Receivables within one year -€4,603
down €4,603 (-17.3%), from €26,632 to €22,029
of which Trade receivables: -€4,802
- Profit (loss) carried forward -€4,620
down €4,620 (-73.9%), from -€6,254 to -€10,874
- Trade debts -€2,779
no longer reported in 2025 (was €2,779)
- Other debts +€2,500
up €2,500 (+6.0%), from €41,508 to €44,008
- Gross operating margin -€8,439
down €8,439, from €3,899 to -€4,541
- Depreciation -€96
no longer reported in 2025 (was €96)
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 | €48,033 | €43,134 | -€4,899 | -10.2% |
| Fixed assets | 21/28 | €20,000 | €20,000 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €28,033 | €23,134 | -€4,899 | -17.5% |
| Amounts receivable within one year | 40/41 | €26,632 | €22,029 | -€4,603 | -17.3% |
| Trade receivables | 40 | €8,640 | €3,838 | -€4,802 | -55.6% |
| Other amounts receivable | 41 | €17,992 | €18,191 | +€198 | +1.1% |
| Cash at bank and in hand | 54/58 | €1,307 | €1,088 | -€219 | -16.7% |
| Deferred charges and accrued income | 490/1 | €94 | €17 | -€77 | -81.4% |
| Total equity and liabilities | 10/49 | €48,033 | €43,134 | -€4,899 | -10.2% |
| Equity | 10/15 | €3,746 | -€874 | -€4,620 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,254 | -€10,874 | -€4,620 | -73.9% |
| Amounts payable | 17/49 | €44,288 | €44,008 | -€279 | -0.6% |
| Amounts payable within one year | 42/48 | €44,288 | €44,008 | -€279 | -0.6% |
| Trade debts | 44 | €2,779 | - | -€2,779 | |
| Suppliers | 440/4 | €2,779 | - | -€2,779 | |
| Other amounts payable | 47/48 | €41,508 | €44,008 | +€2,500 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96 | - | -€96 | |
| Other operating charges | 640/8 | €566 | €573 | +€7 | +1.2% |
| Gross operating margin | 9900 | €3,899 | -€4,541 | -€8,439 | |
| Operating profit (loss) | 9901 | €3,237 | -€5,114 | -€8,351 | |
| Financial income | 75/76B | €457 | €494 | +€37 | +8.2% |
| Recurring financial income | 75 | €457 | €494 | +€37 | +8.2% |
| Financial charges | 65/66B | €46 | €0 | -€45 | -99.2% |
| Recurring financial charges | 65 | €46 | €0 | -€45 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | €3,648 | -€4,620 | -€8,268 | |
| Profit (loss) for the period | 9904 | €3,648 | -€4,620 | -€8,268 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,648 | -€4,620 | -€8,268 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.