SW EVOLUTION: what changed
SW EVOLUTION
Largest movements
- Receivables within one year -€100,184
down €100,184 (-83.6%), from €119,909 to €19,725
of which Trade receivables: -€99,779
- Cash +€2,159
up €2,159 (+395%), from €546 to €2,705
mainly Receivables within one year (+€100,184) and Net result for the year (+€4,558)
- Trade debts -€99,413
down €99,413 (-96.7%), from €102,826 to €3,413
- Profit (loss) carried forward +€4,558
up €4,558 (+74.5%), from -€6,119 to -€1,561
- Tax, wage and social debts -€2,250
no longer reported in 2025 (was €2,250)
of which Taxes: -€2,188
- Other debts -€1,662
down €1,662 (-27.6%), from €6,015 to €4,353
- Gross operating margin +€14,962
up €14,962, from -€9,793 to €5,170
- Other operating charges -€12,624
down €12,624 (-96.3%), from €13,115 to €491
- Financial income -€2,753
no longer reported in 2025 (was €2,753)
- Depreciation -€1,043
no longer reported in 2025 (was €1,043)
- Staff costs -€743
no longer reported in 2025 (was €743)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,198 | €22,430 | -€98,768 | -81.5% |
| Fixed assets | 21/28 | €743 | - | -€743 | |
| Financial fixed assets | 28 | €743 | - | -€743 | |
| Current assets | 29/58 | €120,455 | €22,430 | -€98,025 | -81.4% |
| Amounts receivable within one year | 40/41 | €119,909 | €19,725 | -€100,184 | -83.6% |
| Trade receivables | 40 | €119,416 | €19,637 | -€99,779 | -83.6% |
| Other amounts receivable | 41 | €492 | €88 | -€405 | -82.2% |
| Cash at bank and in hand | 54/58 | €546 | €2,705 | +€2,159 | +395% |
| Total equity and liabilities | 10/49 | €121,198 | €22,430 | -€98,768 | -81.5% |
| Equity | 10/15 | -€4,119 | €439 | +€4,558 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,119 | -€1,561 | +€4,558 | +74.5% |
| Amounts payable | 17/49 | €125,317 | €21,991 | -€103,326 | -82.5% |
| Amounts payable within one year | 42/48 | €125,317 | €21,991 | -€103,326 | -82.5% |
| Trade debts | 44 | €102,826 | €3,413 | -€99,413 | -96.7% |
| Suppliers | 440/4 | €102,826 | €3,413 | -€99,413 | -96.7% |
| Advances received on contracts in progress | 46 | €14,225 | €14,225 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,250 | - | -€2,250 | |
| Taxes | 450/3 | €2,188 | - | -€2,188 | |
| Remuneration and social security | 454/9 | €63 | - | -€63 | |
| Other amounts payable | 47/48 | €6,015 | €4,353 | -€1,662 | -27.6% |
| Remuneration, social security and pensions | 62 | €743 | - | -€743 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,043 | - | -€1,043 | |
| Other operating charges | 640/8 | €13,115 | €491 | -€12,624 | -96.3% |
| Gross operating margin | 9900 | -€9,793 | €5,170 | +€14,962 | |
| Operating profit (loss) | 9901 | -€24,694 | €4,678 | +€29,372 | |
| Financial income | 75/76B | €2,753 | - | -€2,753 | |
| Recurring financial income | 75 | €2,753 | - | -€2,753 | |
| Financial charges | 65/66B | €327 | €120 | -€206 | -63.2% |
| Recurring financial charges | 65 | €327 | €120 | -€206 | -63.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,268 | €4,558 | +€26,826 | |
| Profit (loss) for the period | 9904 | -€22,268 | €4,558 | +€26,826 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,268 | €4,558 | +€26,826 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.