Bo Swinnen Consult: 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.
Bo Swinnen Consult
Largest movements
- Cash +€15,315
up €15,315 (+41.4%), from €36,957 to €52,272
mainly Net result for the year (+€18,424) and Depreciation (+€3,800)
- Tangible fixed assets -€3,800
down €3,800 (-37.5%), from €10,146 to €6,345
of which Furniture and vehicles: -€3,461
- Receivables within one year -€1,182
down €1,182 (-9.7%), from €12,218 to €11,035
of which Trade receivables: -€1,077
- Reserves +€18,424
up €18,424 (+58.0%), from €31,750 to €50,174
- Debts after one year -€4,137
no longer reported in 2025 (was €4,137)
- Tax, wage and social debts -€2,868
down €2,868 (-18.4%), from €15,579 to €12,712
of which Taxes: -€2,868
- Gross operating margin -€18,212
down €18,212 (-38.9%), from €46,799 to €28,586
- Taxes -€3,575
down €3,575 (-37.9%), from €9,428 to €5,853
- Depreciation -€916
down €916 (-19.4%), from €4,716 to €3,800
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 | €60,969 | €71,649 | +€10,680 | +17.5% |
| Fixed assets | 21/28 | €10,146 | €6,345 | -€3,800 | -37.5% |
| Tangible fixed assets | 22/27 | €10,146 | €6,345 | -€3,800 | -37.5% |
| Plant, machinery and equipment | 23 | €756 | €417 | -€340 | -44.9% |
| Furniture and vehicles | 24 | €9,389 | €5,929 | -€3,461 | -36.9% |
| Current assets | 29/58 | €50,823 | €65,304 | +€14,481 | +28.5% |
| Amounts receivable within one year | 40/41 | €12,218 | €11,035 | -€1,182 | -9.7% |
| Trade receivables | 40 | €12,112 | €11,035 | -€1,077 | -8.9% |
| Other amounts receivable | 41 | €105 | - | -€105 | |
| Cash at bank and in hand | 54/58 | €36,957 | €52,272 | +€15,315 | +41.4% |
| Deferred charges and accrued income | 490/1 | €1,648 | €1,997 | +€348 | +21.1% |
| Total equity and liabilities | 10/49 | €60,969 | €71,649 | +€10,680 | +17.5% |
| Equity | 10/15 | €34,250 | €52,674 | +€18,424 | +53.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €31,750 | €50,174 | +€18,424 | +58.0% |
| Distributable reserves | 133 | €31,750 | €50,174 | +€18,424 | +58.0% |
| Amounts payable | 17/49 | €26,719 | €18,975 | -€7,744 | -29.0% |
| Amounts payable after more than one year | 17 | €4,137 | - | -€4,137 | |
| Financial debts | 170/4 | €4,137 | - | -€4,137 | |
| Amounts payable within one year | 42/48 | €22,582 | €18,975 | -€3,607 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €4,707 | €4,137 | -€570 | -12.1% |
| Trade debts | 44 | €2,296 | €2,127 | -€170 | -7.4% |
| Suppliers | 440/4 | €2,296 | €2,127 | -€170 | -7.4% |
| Taxes, remuneration and social security | 45 | €15,579 | €12,712 | -€2,868 | -18.4% |
| Taxes | 450/3 | €15,579 | €12,712 | -€2,868 | -18.4% |
| Remuneration and social security | 454/9 | €0 | €0 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,716 | €3,800 | -€916 | -19.4% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €46,799 | €28,586 | -€18,212 | -38.9% |
| Operating profit (loss) | 9901 | €42,021 | €24,724 | -€17,297 | -41.2% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €844 | €447 | -€397 | -47.1% |
| Recurring financial charges | 65 | €844 | €447 | -€397 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | €41,177 | €24,277 | -€16,900 | -41.0% |
| Income taxes | 67/77 | €9,428 | €5,853 | -€3,575 | -37.9% |
| Profit (loss) for the period | 9904 | €31,750 | €18,424 | -€13,325 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,750 | €18,424 | -€13,325 | -42.0% |
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 27 October 2026 via checked.be.