FELIX SWINNE: what changed
FELIX SWINNE
Largest movements
- Cash +€3,812
up €3,812 (+68.8%), from €5,545 to €9,357
mainly Depreciation (+€3,082) and Receivables within one year (+€2,337)
- Tangible fixed assets -€3,082
down €3,082 (-79.0%), from €3,900 to €819
- Receivables within one year -€2,337
down €2,337 (-32.8%), from €7,121 to €4,784
of which Other amounts receivable: -€3,861
- Other debts -€1,136
no longer reported in 2025 (was €1,136)
- Profit (loss) carried forward -€354
down €354 (-2.7%), from €13,088 to €12,735
- Gross operating margin -€1,376
down €1,376 (-27.8%), from €4,948 to €3,572
- Taxes +€558
no longer reported in 2025 (was -€558)
- Depreciation -€291
down €291 (-8.6%), from €3,373 to €3,082
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,793 | €15,277 | -€1,516 | -9.0% |
| Fixed assets | 21/28 | €3,900 | €819 | -€3,082 | -79.0% |
| Tangible fixed assets | 22/27 | €3,900 | €819 | -€3,082 | -79.0% |
| Plant, machinery and equipment | 23 | €3,900 | €819 | -€3,082 | -79.0% |
| Current assets | 29/58 | €12,893 | €14,458 | +€1,565 | +12.1% |
| Amounts receivable within one year | 40/41 | €7,121 | €4,784 | -€2,337 | -32.8% |
| Trade receivables | 40 | €2,983 | €4,507 | +€1,524 | +51.1% |
| Other amounts receivable | 41 | €4,138 | €277 | -€3,861 | -93.3% |
| Cash at bank and in hand | 54/58 | €5,545 | €9,357 | +€3,812 | +68.8% |
| Deferred charges and accrued income | 490/1 | €227 | €317 | +€90 | +39.7% |
| Total equity and liabilities | 10/49 | €16,793 | €15,277 | -€1,516 | -9.0% |
| Equity | 10/15 | €15,088 | €14,735 | -€354 | -2.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,088 | €12,735 | -€354 | -2.7% |
| Amounts payable | 17/49 | €1,704 | €542 | -€1,163 | -68.2% |
| Amounts payable within one year | 42/48 | €1,704 | €542 | -€1,163 | -68.2% |
| Trade debts | 44 | €292 | €266 | -€26 | -9.0% |
| Suppliers | 440/4 | €292 | €266 | -€26 | -9.0% |
| Taxes, remuneration and social security | 45 | €276 | €276 | = | 0.0% |
| Taxes | 450/3 | €276 | €276 | = | 0.0% |
| Other amounts payable | 47/48 | €1,136 | - | -€1,136 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,373 | €3,082 | -€291 | -8.6% |
| Other operating charges | 640/8 | €646 | €659 | +€12 | +1.9% |
| Non-recurring operating charges | 66A | €300 | - | -€300 | |
| Gross operating margin | 9900 | €4,948 | €3,572 | -€1,376 | -27.8% |
| Operating profit (loss) | 9901 | €629 | -€168 | -€797 | |
| Financial charges | 65/66B | €175 | €185 | +€10 | +5.8% |
| Recurring financial charges | 65 | €175 | €185 | +€10 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €453 | -€354 | -€807 | |
| Income taxes | 67/77 | -€558 | - | +€558 | |
| Profit (loss) for the period | 9904 | €1,012 | -€354 | -€1,365 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,012 | -€354 | -€1,365 |
Next steps
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 3 November 2026 via checked.be.