SWB DEVELOPMENT: 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.
SWB DEVELOPMENT
Largest movements
- Cash -€101,593
down €101,593 (-21.2%), from €478,484 to €376,891
mainly Net result for the year (-€56,802) and Receivables within one year (-€48,030)
- Receivables within one year +€48,030
up €48,030 (+42.2%), from €113,729 to €161,759
of which Other amounts receivable: +€73,058
- Profit (loss) carried forward -€56,802
down €56,802 (-71.7%), from -€79,176 to -€135,979
- Gross operating margin -€5,262
down €5,262 (-167.8%), from -€3,135 to -€8,397
- Other operating charges -€5,203
down €5,203 (-71.0%), from €7,327 to €2,124
- Financial charges -€3,062
down €3,062 (-94.2%), from €3,251 to €188
of which Non-recurring financial charges: -€2,828
- Depreciation +€2,030
up €2,030 (+4.6%), from €44,060 to €46,091
- Financial income +€434
up €434 (+244.6%), from €178 to €612
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €850,861 | €792,987 | -€57,875 | -6.8% |
| Fixed assets | 21/28 | €258,648 | €254,336 | -€4,312 | -1.7% |
| Tangible fixed assets | 22/27 | €258,648 | €254,336 | -€4,312 | -1.7% |
| Plant, machinery and equipment | 23 | €83,306 | €74,152 | -€9,154 | -11.0% |
| Furniture and vehicles | 24 | €148,858 | €111,922 | -€36,936 | -24.8% |
| Assets under construction and advance payments | 27 | €26,484 | €68,263 | +€41,779 | +157.7% |
| Current assets | 29/58 | €592,213 | €538,650 | -€53,563 | -9.0% |
| Amounts receivable within one year | 40/41 | €113,729 | €161,759 | +€48,030 | +42.2% |
| Trade receivables | 40 | €32,046 | €7,018 | -€25,028 | -78.1% |
| Other amounts receivable | 41 | €81,683 | €154,741 | +€73,058 | +89.4% |
| Cash at bank and in hand | 54/58 | €478,484 | €376,891 | -€101,593 | -21.2% |
| Total equity and liabilities | 10/49 | €850,861 | €792,987 | -€57,875 | -6.8% |
| Equity | 10/15 | -€29,176 | -€85,979 | -€56,802 | -194.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,176 | -€135,979 | -€56,802 | -71.7% |
| Amounts payable | 17/49 | €880,038 | €878,965 | -€1,072 | -0.1% |
| Amounts payable after more than one year | 17 | €875,800 | €875,800 | = | 0.0% |
| Financial debts | 170/4 | €875,800 | €875,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,238 | €3,165 | -€1,072 | -25.3% |
| Trade debts | 44 | €3,583 | €1,896 | -€1,687 | -47.1% |
| Suppliers | 440/4 | €3,583 | €1,896 | -€1,687 | -47.1% |
| Taxes, remuneration and social security | 45 | €654 | €1,269 | +€615 | +94.0% |
| Taxes | 450/3 | €654 | €1,269 | +€615 | +94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,060 | €46,091 | +€2,030 | +4.6% |
| Other operating charges | 640/8 | €7,327 | €2,124 | -€5,203 | -71.0% |
| Gross operating margin | 9900 | -€3,135 | -€8,397 | -€5,262 | -167.8% |
| Operating profit (loss) | 9901 | -€54,522 | -€56,611 | -€2,089 | -3.8% |
| Financial income | 75/76B | €178 | €612 | +€434 | +244.6% |
| Recurring financial income | 75 | €178 | €612 | +€434 | +244.6% |
| Financial charges | 65/66B | €3,251 | €188 | -€3,062 | -94.2% |
| Recurring financial charges | 65 | €423 | €188 | -€234 | -55.4% |
| Non-recurring financial charges | 66B | €2,828 | - | -€2,828 | |
| Profit (loss) for the period before taxes | 9903 | -€57,595 | -€56,187 | +€1,408 | +2.4% |
| Income taxes | 67/77 | €654 | €615 | -€39 | -6.0% |
| Profit (loss) for the period | 9904 | -€58,249 | -€56,802 | +€1,447 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,249 | -€56,802 | +€1,447 | +2.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.