SWOLFS - WERBROUCK: 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.
SWOLFS - WERBROUCK
Largest movements
- Tangible fixed assets -€323,929
down €323,929 (-19.5%), from €1.7m to €1.3m
- Cash -€72,660
down €72,660 (-59.1%), from €123,028 to €50,369
mainly Net result for the year (-€377,513) and Investment in fixed assets (net) (-€110,649)
- Profit (loss) carried forward -€377,513
down €377,513, from €119,144 to -€258,369
- Depreciation +€434,578
new in 2025: €434,578
- Gross operating margin +€43,681
up €43,681 (+121%), from €36,190 to €79,871
- Taxes -€8,643
down €8,643 (-94.5%), from €9,146 to €503
- Other operating charges +€5,743
up €5,743 (+241%), from €2,379 to €8,122
- Financial charges -€1,989
down €1,989 (-12.3%), from €16,171 to €14,181
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 | €2,241,717 | €1,869,282 | -€372,436 | -16.6% |
| Fixed assets | 21/28 | €2,114,454 | €1,790,525 | -€323,929 | -15.3% |
| Tangible fixed assets | 22/27 | €1,664,454 | €1,340,525 | -€323,929 | -19.5% |
| Land and buildings | 22 | €1,664,454 | €1,340,525 | -€323,929 | -19.5% |
| Financial fixed assets | 28 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €127,263 | €78,757 | -€48,506 | -38.1% |
| Amounts receivable within one year | 40/41 | €4,235 | €26,138 | +€21,903 | +517% |
| Trade receivables | 40 | €4,235 | €18,641 | +€14,406 | +340% |
| Other amounts receivable | 41 | - | €7,497 | +€7,497 | |
| Cash at bank and in hand | 54/58 | €123,028 | €50,369 | -€72,660 | -59.1% |
| Deferred charges and accrued income | 490/1 | - | €2,250 | +€2,250 | |
| Total equity and liabilities | 10/49 | €2,241,717 | €1,869,282 | -€372,436 | -16.6% |
| Equity | 10/15 | €1,321,802 | €944,289 | -€377,513 | -28.6% |
| Contributions | 10/11 | €312,346 | €312,346 | = | 0.0% |
| Reserves | 13 | €890,312 | €890,312 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,235 | €31,235 | = | 0.0% |
| Reserves not available under the articles | 1311 | €31,235 | €31,235 | = | 0.0% |
| Distributable reserves | 133 | €859,078 | €859,078 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,144 | -€258,369 | -€377,513 | |
| Amounts payable | 17/49 | €919,915 | €924,993 | +€5,078 | +0.6% |
| Amounts payable after more than one year | 17 | €893,134 | €897,884 | +€4,750 | +0.5% |
| Financial debts | 170/4 | €893,134 | €897,884 | +€4,750 | +0.5% |
| Amounts payable within one year | 42/48 | €26,781 | €27,109 | +€328 | +1.2% |
| Trade debts | 44 | €8,969 | €4,735 | -€4,234 | -47.2% |
| Suppliers | 440/4 | €8,969 | €4,735 | -€4,234 | -47.2% |
| Taxes, remuneration and social security | 45 | €7,687 | €3,249 | -€4,438 | -57.7% |
| Taxes | 450/3 | €7,687 | €3,249 | -€4,438 | -57.7% |
| Other amounts payable | 47/48 | €10,125 | €19,125 | +€9,000 | +88.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €434,578 | +€434,578 | |
| Other operating charges | 640/8 | €2,379 | €8,122 | +€5,743 | +241% |
| Gross operating margin | 9900 | €36,190 | €79,871 | +€43,681 | +121% |
| Operating profit (loss) | 9901 | €33,812 | -€362,829 | -€396,641 | |
| Financial charges | 65/66B | €16,171 | €14,181 | -€1,989 | -12.3% |
| Recurring financial charges | 65 | €16,171 | €14,181 | -€1,989 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €17,641 | -€377,010 | -€394,651 | |
| Income taxes | 67/77 | €9,146 | €503 | -€8,643 | -94.5% |
| Profit (loss) for the period | 9904 | €8,495 | -€377,513 | -€386,009 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,495 | -€377,513 | -€386,009 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.