SWLR: what changed
Two fiscal 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.
SWLR
Largest movements
- Cash -€45,792
down €45,792 (-39.2%), from €116,702 to €70,910
mainly Other debts (-€67,806) and Debts after one year (-€49,937)
- Tangible fixed assets -€27,498
down €27,498 (-2.5%), from €1.1m to €1.1m
of which Land and buildings: -€25,508
- Other debts -€67,806
down €67,806 (-22.0%), from €307,828 to €240,022
- Debts after one year -€49,937
down €49,937 (-8.7%), from €570,875 to €520,938
- Trade debts +€15,773
up €15,773 (+107.4%), from €14,690 to €30,463
- Tax, wage and social debts +€14,630
up €14,630 (+218.7%), from €6,690 to €21,320
- Other operating charges +€10,435
up €10,435 (+412.2%), from €2,532 to €12,967
- Gross operating margin +€6,605
up €6,605 (+10.5%), from €63,199 to €69,803
- Financial income +€5,067
new in 2024: €5,067
- Taxes +€3,350
up €3,350 (+67.0%), from €5,000 to €8,350
- Financial charges +€1,386
up €1,386 (+10.9%), from €12,672 to €14,058
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 | €1,422,508 | €1,350,242 | -€72,265 | -5.1% |
| Fixed assets | 21/28 | €1,113,956 | €1,086,458 | -€27,498 | -2.5% |
| Tangible fixed assets | 22/27 | €1,108,956 | €1,081,458 | -€27,498 | -2.5% |
| Land and buildings | 22 | €1,106,966 | €1,081,458 | -€25,508 | -2.3% |
| Plant, machinery and equipment | 23 | €1,734 | - | -€1,734 | |
| Furniture and vehicles | 24 | €256 | - | -€256 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €308,551 | €263,784 | -€44,767 | -14.5% |
| Amounts receivable within one year | 40/41 | €191,850 | €192,875 | +€1,025 | +0.5% |
| Trade receivables | 40 | €46,943 | €31,750 | -€15,194 | -32.4% |
| Other amounts receivable | 41 | €144,907 | €161,125 | +€16,219 | +11.2% |
| Cash at bank and in hand | 54/58 | €116,702 | €70,910 | -€45,792 | -39.2% |
| Total equity and liabilities | 10/49 | €1,422,508 | €1,350,242 | -€72,265 | -5.1% |
| Equity | 10/15 | €473,831 | €487,562 | +€13,731 | +2.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €152,000 | €152,000 | = | 0.0% |
| Reserves | 13 | €191,860 | €205,360 | +€13,500 | +7.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €190,000 | €203,500 | +€13,500 | +7.1% |
| Profit (loss) carried forward | 14 | €117,571 | €117,802 | +€231 | +0.2% |
| Amounts payable | 17/49 | €948,677 | €862,680 | -€85,997 | -9.1% |
| Amounts payable after more than one year | 17 | €570,875 | €520,938 | -€49,937 | -8.7% |
| Financial debts | 170/4 | €570,875 | €520,938 | -€49,937 | -8.7% |
| Amounts payable within one year | 42/48 | €377,801 | €341,742 | -€36,060 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €48,593 | €49,937 | +€1,344 | +2.8% |
| Trade debts | 44 | €14,690 | €30,463 | +€15,773 | +107.4% |
| Suppliers | 440/4 | €14,690 | €30,463 | +€15,773 | +107.4% |
| Taxes, remuneration and social security | 45 | €6,690 | €21,320 | +€14,630 | +218.7% |
| Taxes | 450/3 | €6,690 | €21,320 | +€14,630 | +218.7% |
| Other amounts payable | 47/48 | €307,828 | €240,022 | -€67,806 | -22.0% |
| Non-recurring operating income | 76A | - | €1,600 | +€1,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,192 | €25,764 | -€428 | -1.6% |
| Other operating charges | 640/8 | €2,532 | €12,967 | +€10,435 | +412.2% |
| Gross operating margin | 9900 | €63,199 | €69,803 | +€6,605 | +10.5% |
| Operating profit (loss) | 9901 | €34,475 | €31,072 | -€3,402 | -9.9% |
| Financial income | 75/76B | - | €5,067 | +€5,067 | |
| Recurring financial income | 75 | - | €5,067 | +€5,067 | |
| Financial charges | 65/66B | €12,672 | €14,058 | +€1,386 | +10.9% |
| Recurring financial charges | 65 | €12,672 | €14,058 | +€1,386 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | €21,803 | €22,081 | +€279 | +1.3% |
| Income taxes | 67/77 | €5,000 | €8,350 | +€3,350 | +67.0% |
| Profit (loss) for the period | 9904 | €16,803 | €13,731 | -€3,071 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,803 | €13,731 | -€3,071 | -18.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.