S.W. Constructing: 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.
S.W. Constructing
Largest movements
- Receivables within one year +€16,027
up €16,027 (+159%), from €10,096 to €26,123
- Tangible fixed assets -€2,356
down €2,356 (-38.8%), from €6,071 to €3,714
of which Furniture and vehicles: -€1,718
- Cash +€1,722
up €1,722 (+15.9%), from €10,815 to €12,537
mainly Net result for the year (+€9,675) and Contributions, distributions and other (+€6,400)
- Profit (loss) carried forward +€9,675
up €9,675 (+55.1%), from €17,548 to €27,222
- Contributions +€6,400
up €6,400 (+84.2%), from €7,600 to €14,000
- Trade debts -€683
down €683 (-63.6%), from €1,075 to €392
- Gross operating margin +€2,126
up €2,126 (+18.7%), from €11,365 to €13,490
- Depreciation -€1,833
down €1,833 (-43.7%), from €4,189 to €2,356
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 | €26,982 | €42,375 | +€15,393 | +57.0% |
| Fixed assets | 21/28 | €6,071 | €3,714 | -€2,356 | -38.8% |
| Tangible fixed assets | 22/27 | €6,071 | €3,714 | -€2,356 | -38.8% |
| Plant, machinery and equipment | 23 | €638 | €0 | -€638 | -100% |
| Furniture and vehicles | 24 | €5,433 | €3,714 | -€1,718 | -31.6% |
| Current assets | 29/58 | €20,911 | €38,660 | +€17,749 | +84.9% |
| Amounts receivable within one year | 40/41 | €10,096 | €26,123 | +€16,027 | +159% |
| Other amounts receivable | 41 | €10,096 | €26,123 | +€16,027 | +159% |
| Cash at bank and in hand | 54/58 | €10,815 | €12,537 | +€1,722 | +15.9% |
| Total equity and liabilities | 10/49 | €26,982 | €42,375 | +€15,393 | +57.0% |
| Equity | 10/15 | €25,768 | €41,842 | +€16,075 | +62.4% |
| Contributions | 10/11 | €7,600 | €14,000 | +€6,400 | +84.2% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,548 | €27,222 | +€9,675 | +55.1% |
| Amounts payable | 17/49 | €1,214 | €533 | -€682 | -56.1% |
| Amounts payable within one year | 42/48 | €1,214 | €533 | -€682 | -56.1% |
| Trade debts | 44 | €1,075 | €392 | -€683 | -63.6% |
| Suppliers | 440/4 | €1,075 | €392 | -€683 | -63.6% |
| Taxes, remuneration and social security | 45 | €140 | €141 | +€1 | +1.0% |
| Taxes | 450/3 | €140 | €141 | +€1 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,189 | €2,356 | -€1,833 | -43.7% |
| Other operating charges | 640/8 | €399 | €433 | +€34 | +8.4% |
| Non-recurring operating charges | 66A | €58 | €769 | +€711 | +1,226% |
| Gross operating margin | 9900 | €11,365 | €13,490 | +€2,126 | +18.7% |
| Operating profit (loss) | 9901 | €6,718 | €9,932 | +€3,214 | +47.8% |
| Financial charges | 65/66B | €131 | €117 | -€14 | -10.6% |
| Recurring financial charges | 65 | €131 | €117 | -€14 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €6,588 | €9,815 | +€3,228 | +49.0% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €6,448 | €9,675 | +€3,226 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,448 | €9,675 | +€3,226 | +50.0% |
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 21 October 2026 via checked.be.