DE SWERT TRAINING & CONSULTANCY: 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 SWERT TRAINING & CONSULTANCY
Largest movements
- Cash -€17,377
down €17,377 (-75.0%), from €23,158 to €5,781
mainly Net result for the year (-€20,224) and Receivables within one year (-€1,269)
- Tangible fixed assets -€3,044
down €3,044 (-29.9%), from €10,169 to €7,125
of which Plant, machinery and equipment: -€2,756
- Receivables within one year +€1,269
up €1,269 (+25.4%), from €5,000 to €6,269
of which Trade receivables: +€1,111
- Profit (loss) carried forward -€20,224
down €20,224 (-162%), from -€12,461 to -€32,685
- Other debts +€2,182
up €2,182 (+8.7%), from €25,221 to €27,403
- Tax, wage and social debts -€765
no longer reported in 2025 (was €765)
- Gross operating margin -€14,168
down €14,168 (-593%), from -€2,389 to -€16,557
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 | €38,463 | €19,318 | -€19,145 | -49.8% |
| Fixed assets | 21/28 | €10,169 | €7,125 | -€3,044 | -29.9% |
| Tangible fixed assets | 22/27 | €10,169 | €7,125 | -€3,044 | -29.9% |
| Plant, machinery and equipment | 23 | €8,868 | €6,111 | -€2,756 | -31.1% |
| Furniture and vehicles | 24 | €1,301 | €1,014 | -€288 | -22.1% |
| Current assets | 29/58 | €28,294 | €12,193 | -€16,101 | -56.9% |
| Amounts receivable within one year | 40/41 | €5,000 | €6,269 | +€1,269 | +25.4% |
| Trade receivables | 40 | - | €1,111 | +€1,111 | |
| Other amounts receivable | 41 | €5,000 | €5,158 | +€158 | +3.2% |
| Cash at bank and in hand | 54/58 | €23,158 | €5,781 | -€17,377 | -75.0% |
| Deferred charges and accrued income | 490/1 | €136 | €143 | +€7 | +4.8% |
| Total equity and liabilities | 10/49 | €38,463 | €19,318 | -€19,145 | -49.8% |
| Equity | 10/15 | €10,899 | -€9,325 | -€20,224 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,760 | €4,760 | = | 0.0% |
| Distributable reserves | 133 | €4,760 | €4,760 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,461 | -€32,685 | -€20,224 | -162% |
| Amounts payable | 17/49 | €27,564 | €28,643 | +€1,079 | +3.9% |
| Amounts payable within one year | 42/48 | €27,564 | €28,643 | +€1,079 | +3.9% |
| Trade debts | 44 | €1,579 | €1,240 | -€338 | -21.4% |
| Suppliers | 440/4 | €1,579 | €1,240 | -€338 | -21.4% |
| Taxes, remuneration and social security | 45 | €765 | - | -€765 | |
| Taxes | 450/3 | €765 | - | -€765 | |
| Other amounts payable | 47/48 | €25,221 | €27,403 | +€2,182 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,940 | €3,044 | +€104 | +3.5% |
| Other operating charges | 640/8 | €526 | €548 | +€22 | +4.3% |
| Gross operating margin | 9900 | -€2,389 | -€16,557 | -€14,168 | -593% |
| Operating profit (loss) | 9901 | -€5,855 | -€20,149 | -€14,294 | -244% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €50 | €75 | +€25 | +50.0% |
| Recurring financial charges | 65 | €50 | €75 | +€25 | +50.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,905 | -€20,224 | -€14,319 | -243% |
| Profit (loss) for the period | 9904 | -€5,905 | -€20,224 | -€14,319 | -243% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,905 | -€20,224 | -€14,319 | -243% |
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 26 October 2026 via checked.be.