De Zwaan: 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 Zwaan
Largest movements
- Receivables within one year -€2,930
down €2,930 (-96.9%), from €3,025 to €95
of which Trade receivables: -€3,025
- Cash -€615
down €615 (-1.9%), from €32,331 to €31,715
mainly Contributions, distributions and other (-€24,500) and Tax, wage and social debts (-€1,134)
- Profit (loss) carried forward -€6,785
down €6,785 (-93.8%), from €7,237 to €452
- Other debts +€4,374
up €4,374 (+18.6%), from €23,473 to €27,847
- Tax, wage and social debts -€1,134
down €1,134 (-44.9%), from €2,526 to €1,392
- Other operating charges +€389
up €389 (+330%), from €118 to €507
- Gross operating margin -€304
down €304 (-1.2%), from €24,505 to €24,201
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 | €35,356 | €31,810 | -€3,545 | -10.0% |
| Current assets | 29/58 | €35,356 | €31,810 | -€3,545 | -10.0% |
| Amounts receivable within one year | 40/41 | €3,025 | €95 | -€2,930 | -96.9% |
| Trade receivables | 40 | €3,025 | - | -€3,025 | |
| Other amounts receivable | 41 | - | €95 | +€95 | |
| Cash at bank and in hand | 54/58 | €32,331 | €31,715 | -€615 | -1.9% |
| Total equity and liabilities | 10/49 | €35,356 | €31,810 | -€3,545 | -10.0% |
| Equity | 10/15 | €9,237 | €2,452 | -€6,785 | -73.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,237 | €452 | -€6,785 | -93.8% |
| Amounts payable | 17/49 | €26,119 | €29,359 | +€3,239 | +12.4% |
| Amounts payable within one year | 42/48 | €26,119 | €29,359 | +€3,239 | +12.4% |
| Trade debts | 44 | €120 | €120 | = | 0.0% |
| Suppliers | 440/4 | €120 | €120 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,526 | €1,392 | -€1,134 | -44.9% |
| Taxes | 450/3 | €2,526 | €1,392 | -€1,134 | -44.9% |
| Other amounts payable | 47/48 | €23,473 | €27,847 | +€4,374 | +18.6% |
| Other operating charges | 640/8 | €118 | €507 | +€389 | +330% |
| Gross operating margin | 9900 | €24,505 | €24,201 | -€304 | -1.2% |
| Operating profit (loss) | 9901 | €24,387 | €23,694 | -€693 | -2.8% |
| Financial charges | 65/66B | €69 | €74 | +€5 | +6.5% |
| Recurring financial charges | 65 | €69 | €74 | +€5 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €24,318 | €23,620 | -€698 | -2.9% |
| Income taxes | 67/77 | €6,107 | €5,905 | -€202 | -3.3% |
| Profit (loss) for the period | 9904 | €18,211 | €17,715 | -€496 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,211 | €17,715 | -€496 | -2.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.