DE SWAENHOECK: 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.
DE SWAENHOECK
Largest movements
- Tangible fixed assets -€35,962
down €35,962 (-14.3%), from €252,112 to €216,150
of which Land and buildings: -€32,928
- Cash +€4,297
up €4,297 (+13.3%), from €32,255 to €36,552
mainly Depreciation (+€38,620) and Advances received (+€19,032)
- Debts after one year -€29,476
down €29,476 (-46.9%), from €62,888 to €33,412
- Other debts -€21,902
down €21,902 (-99.7%), from €21,975 to €73
- Advances received +€19,032
up €19,032 (+96.5%), from €19,724 to €38,755
- Reserves +€14,989
up €14,989 (+15.5%), from €96,546 to €111,535
- Tax, wage and social debts -€10,278
down €10,278 (-87.3%), from €11,776 to €1,498
of which Taxes: -€11,337
- Gross operating margin -€25,384
down €25,384 (-22.5%), from €112,761 to €87,377
- Taxes -€8,198
down €8,198 (-50.3%), from €16,293 to €8,095
- Financial charges -€2,526
down €2,526 (-39.3%), from €6,429 to €3,902
- Staff costs +€1,625
up €1,625 (+11.8%), from €13,745 to €15,369
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 | €325,084 | €291,674 | -€33,410 | -10.3% |
| Fixed assets | 21/28 | €252,112 | €216,150 | -€35,962 | -14.3% |
| Tangible fixed assets | 22/27 | €252,112 | €216,150 | -€35,962 | -14.3% |
| Land and buildings | 22 | €214,676 | €181,748 | -€32,928 | -15.3% |
| Plant, machinery and equipment | 23 | €24,341 | €23,117 | -€1,224 | -5.0% |
| Furniture and vehicles | 24 | €13,095 | €11,286 | -€1,809 | -13.8% |
| Current assets | 29/58 | €72,972 | €75,523 | +€2,551 | +3.5% |
| Amounts receivable within one year | 40/41 | €33,515 | €33,146 | -€370 | -1.1% |
| Trade receivables | 40 | - | €687 | +€687 | |
| Other amounts receivable | 41 | €33,515 | €32,459 | -€1,057 | -3.2% |
| Cash at bank and in hand | 54/58 | €32,255 | €36,552 | +€4,297 | +13.3% |
| Deferred charges and accrued income | 490/1 | €7,202 | €5,825 | -€1,377 | -19.1% |
| Total equity and liabilities | 10/49 | €325,084 | €291,674 | -€33,410 | -10.3% |
| Equity | 10/15 | €171,546 | €186,535 | +€14,989 | +8.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €75,000 | +€75,000 | |
| Other | 1109/19 | - | €75,000 | +€75,000 | |
| Reserves | 13 | €96,546 | €111,535 | +€14,989 | +15.5% |
| Distributable reserves | 133 | €96,546 | €111,535 | +€14,989 | +15.5% |
| Amounts payable | 17/49 | €153,538 | €105,138 | -€48,399 | -31.5% |
| Amounts payable after more than one year | 17 | €62,888 | €33,412 | -€29,476 | -46.9% |
| Financial debts | 170/4 | €62,888 | €33,412 | -€29,476 | -46.9% |
| Amounts payable within one year | 42/48 | €86,023 | €71,727 | -€14,297 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €31,584 | €29,476 | -€2,108 | -6.7% |
| Trade debts | 44 | €965 | €1,924 | +€959 | +99.4% |
| Suppliers | 440/4 | €965 | €1,924 | +€959 | +99.4% |
| Advances received on contracts in progress | 46 | €19,724 | €38,755 | +€19,032 | +96.5% |
| Taxes, remuneration and social security | 45 | €11,776 | €1,498 | -€10,278 | -87.3% |
| Taxes | 450/3 | €11,776 | €438 | -€11,337 | -96.3% |
| Remuneration and social security | 454/9 | - | €1,059 | +€1,059 | |
| Other amounts payable | 47/48 | €21,975 | €73 | -€21,902 | -99.7% |
| Accrued charges and deferred income | 492/3 | €4,626 | - | -€4,626 | |
| Non-recurring operating income | 76A | €2,286 | - | -€2,286 | |
| Remuneration, social security and pensions | 62 | €13,745 | €15,369 | +€1,625 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,658 | €38,620 | +€962 | +2.6% |
| Other operating charges | 640/8 | €6,584 | €6,420 | -€164 | -2.5% |
| Gross operating margin | 9900 | €112,761 | €87,377 | -€25,384 | -22.5% |
| Operating profit (loss) | 9901 | €54,774 | €26,967 | -€27,807 | -50.8% |
| Financial income | 75/76B | €26 | €19 | -€7 | -27.4% |
| Recurring financial income | 75 | €26 | €19 | -€7 | -27.4% |
| Financial charges | 65/66B | €6,429 | €3,902 | -€2,526 | -39.3% |
| Recurring financial charges | 65 | €6,429 | €3,902 | -€2,526 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €48,372 | €23,084 | -€25,288 | -52.3% |
| Income taxes | 67/77 | €16,293 | €8,095 | -€8,198 | -50.3% |
| Profit (loss) for the period | 9904 | €32,079 | €14,989 | -€17,090 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,079 | €14,989 | -€17,090 | -53.3% |
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 1 November 2026 via checked.be.