SWEETLAKE: 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.
SWEETLAKE
Largest movements
- Cash -€28,069
no longer reported in 2025 (was €28,069)
mainly Net result for the year (-€50,870) and Tax, wage and social debts (-€18,358)
- Tangible fixed assets -€10,921
down €10,921 (-83.8%), from €13,038 to €2,116
of which Leasing and similar rights: -€9,863
- Deferred charges and accrued income -€6,195
no longer reported in 2025 (was €6,195)
- Tax, wage and social debts -€18,358
down €18,358 (-64.0%), from €28,691 to €10,333
of which Taxes: -€9,529
- Profit (loss) carried forward -€16,202
down €16,202 (-122%), from -€13,295 to -€29,497
- Trade debts -€12,602
down €12,602 (-62.9%), from €20,039 to €7,438
- Reserves -€7,341
down €7,341 (-79.8%), from €9,201 to €1,860
of which Distributable reserves: -€7,341
- Short-term financial debts +€7,086
new in 2025: €7,086
- Financial charges +€35,881
up €35,881 (+11,988%), from €299 to €36,181
- Other operating charges +€8,998
new in 2025: €8,998
- Staff costs -€5,696
down €5,696 (-9.6%), from €59,542 to €53,846
- Depreciation -€3,684
down €3,684 (-77.7%), from €4,742 to €1,058
- Gross operating margin -€2,075
down €2,075 (-4.0%), from €51,288 to €49,213
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 | €56,499 | €11,276 | -€45,223 | -80.0% |
| Fixed assets | 21/28 | €14,462 | €3,540 | -€10,921 | -75.5% |
| Tangible fixed assets | 22/27 | €13,038 | €2,116 | -€10,921 | -83.8% |
| Leasing and similar rights | 25 | €9,863 | - | -€9,863 | |
| Other tangible fixed assets | 26 | €3,174 | €2,116 | -€1,058 | -33.3% |
| Financial fixed assets | 28 | €1,424 | €1,424 | = | 0.0% |
| Current assets | 29/58 | €42,037 | €7,736 | -€34,301 | -81.6% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,273 | €7,236 | -€37 | -0.5% |
| Trade receivables | 40 | - | €7,207 | +€7,207 | |
| Other amounts receivable | 41 | €7,273 | €29 | -€7,244 | -99.6% |
| Cash at bank and in hand | 54/58 | €28,069 | - | -€28,069 | |
| Deferred charges and accrued income | 490/1 | €6,195 | - | -€6,195 | |
| Total equity and liabilities | 10/49 | €56,499 | €11,276 | -€45,223 | -80.0% |
| Equity | 10/15 | €2,106 | -€21,437 | -€23,543 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €9,201 | €1,860 | -€7,341 | -79.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,341 | - | -€7,341 | |
| Profit (loss) carried forward | 14 | -€13,295 | -€29,497 | -€16,202 | -122% |
| Amounts payable | 17/49 | €54,392 | €32,713 | -€21,680 | -39.9% |
| Amounts payable within one year | 42/48 | €51,036 | €29,357 | -€21,680 | -42.5% |
| Financial debts | 43 | - | €7,086 | +€7,086 | |
| Credit institutions | 430/8 | - | €7,086 | +€7,086 | |
| Trade debts | 44 | €20,039 | €7,438 | -€12,602 | -62.9% |
| Suppliers | 440/4 | €20,039 | €7,438 | -€12,602 | -62.9% |
| Taxes, remuneration and social security | 45 | €28,691 | €10,333 | -€18,358 | -64.0% |
| Taxes | 450/3 | €15,284 | €5,755 | -€9,529 | -62.3% |
| Remuneration and social security | 454/9 | €13,407 | €4,578 | -€8,829 | -65.9% |
| Other amounts payable | 47/48 | €2,306 | €4,500 | +€2,194 | +95.1% |
| Accrued charges and deferred income | 492/3 | €3,356 | €3,356 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €59,542 | €53,846 | -€5,696 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,742 | €1,058 | -€3,684 | -77.7% |
| Other operating charges | 640/8 | - | €8,998 | +€8,998 | |
| Gross operating margin | 9900 | €51,288 | €49,213 | -€2,075 | -4.0% |
| Operating profit (loss) | 9901 | -€12,996 | -€14,689 | -€1,694 | -13.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €299 | €36,181 | +€35,881 | +11,988% |
| Recurring financial charges | 65 | €299 | €36,181 | +€35,881 | +11,988% |
| Profit (loss) for the period before taxes | 9903 | -€13,295 | -€50,870 | -€37,575 | -283% |
| Profit (loss) for the period | 9904 | -€13,295 | -€50,870 | -€37,575 | -283% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,295 | -€50,870 | -€37,575 | -283% |
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.