BUREAU SWINNEN: what changed
What changed
BUREAU SWINNEN
filed annual accounts (NBB)
Net result for the year
€3,153
2024 · €3,479-€325
Equity
€113,246
2024 · €140,093-€26,847
Cash
€8
2024 · €281-€274
Balance sheet total
€145,653
2024 · €172,429-€26,776
Largest movements
Assets
- Receivables within one year -€19,231
no longer reported in 2025 (was €19,231)
- Tangible fixed assets -€7,271
down €7,271 (-4.8%), from €152,916 to €145,645
Equity and liabilities
- Reserves -€32,977
down €32,977 (-20.9%), from €157,936 to €124,960
of which Distributable reserves: -€30,000
- Profit (loss) carried forward +€6,130
up €6,130 (+7.4%), from -€82,843 to -€76,713
- Other debts +€1,797
up €1,797 (+104%), from €1,720 to €3,517
- Provisions -€1,726
down €1,726 (-5.6%), from €30,615 to €28,890
Income statement
- Gross operating margin -€765
down €765 (-7.1%), from €10,785 to €10,021
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.
Result 2024
€3,479
Gross operating margin
-€765
Other operating charges
-€40
Financial charges
+€29
Deferred taxes and other
+€450
Result 2025
€3,153
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€29,727
Investment
€0
Financing
-€30,000
Cash 2024
€281
From operations (derived)
+€29,727
Net result for the year
+€3,153
Depreciation
+€7,271
Receivables within one year
+€19,231
Provisions
-€1,726
Other debts
+€1,797
Financing
-€30,000
Contributions, distributions and other
-€30,000
Cash 2025
€8
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €172,429 | €145,653 | -€26,776 | -15.5% |
| Fixed assets | 21/28 | €152,916 | €145,645 | -€7,271 | -4.8% |
| Tangible fixed assets | 22/27 | €152,916 | €145,645 | -€7,271 | -4.8% |
| Land and buildings | 22 | €152,916 | €145,645 | -€7,271 | -4.8% |
| Current assets | 29/58 | €19,513 | €8 | -€19,505 | -100.0% |
| Amounts receivable within one year | 40/41 | €19,231 | - | -€19,231 | |
| Other amounts receivable | 41 | €19,231 | - | -€19,231 | |
| Cash at bank and in hand | 54/58 | €281 | €8 | -€274 | -97.2% |
| Total equity and liabilities | 10/49 | €172,429 | €145,653 | -€26,776 | -15.5% |
| Equity | 10/15 | €140,093 | €113,246 | -€26,847 | -19.2% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €157,936 | €124,960 | -€32,977 | -20.9% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,436 | €68,460 | -€2,977 | -4.2% |
| Distributable reserves | 133 | €80,000 | €50,000 | -€30,000 | -37.5% |
| Profit (loss) carried forward | 14 | -€82,843 | -€76,713 | +€6,130 | +7.4% |
| Provisions and deferred taxes | 16 | €30,615 | €28,890 | -€1,726 | -5.6% |
| Deferred taxes | 168 | €30,615 | €28,890 | -€1,726 | -5.6% |
| Amounts payable | 17/49 | €1,720 | €3,517 | +€1,797 | +104% |
| Amounts payable within one year | 42/48 | €1,720 | €3,517 | +€1,797 | +104% |
| Other amounts payable | 47/48 | €1,720 | €3,517 | +€1,797 | +104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,271 | €7,271 | = | 0.0% |
| Other operating charges | 640/8 | €1,244 | €1,283 | +€40 | +3.2% |
| Gross operating margin | 9900 | €10,785 | €10,021 | -€765 | -7.1% |
| Operating profit (loss) | 9901 | €2,271 | €1,466 | -€804 | -35.4% |
| Financial charges | 65/66B | €67 | €39 | -€29 | -42.9% |
| Recurring financial charges | 65 | €67 | €39 | -€29 | -42.9% |
| Profit (loss) for the period before taxes | 9903 | €2,203 | €1,428 | -€775 | -35.2% |
| Transfer from deferred taxes | 780 | €1,276 | €1,726 | +€450 | +35.3% |
| Profit (loss) for the period | 9904 | €3,479 | €3,153 | -€325 | -9.4% |
| Transfer from tax-exempt reserves | 789 | €2,977 | €2,977 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,455 | €6,130 | -€325 | -5.0% |
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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 1 November 2026 via checked.be.