IMMO SWARTEBROECKX: 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.
IMMO SWARTEBROECKX
Largest movements
- Cash -€1,245
down €1,245 (-14.6%), from €8,499 to €7,254
mainly Investment in fixed assets (net) (-€4,958) and Net result for the year (-€3,003)
- Receivables within one year +€340
up €340 (+3.3%), from €10,304 to €10,643
of which Trade receivables: +€575
- Profit (loss) carried forward -€3,003
down €3,003 (-11.0%), from -€27,235 to -€30,238
- Other debts +€1,622
up €1,622 (+3.4%), from €47,504 to €49,126
- Debts after one year -€950
down €950 (-74.8%), from €1,270 to €320
- Trade debts +€782
up €782 (+81.8%), from €957 to €1,739
- Accrued charges and deferred income +€400
new in 2025: €400
- Depreciation -€999
down €999 (-16.1%), from €6,199 to €5,201
- Gross operating margin +€674
up €674 (+29.4%), from €2,297 to €2,971
- Taxes +€484
up €484, from -€479 to €5
- Other operating charges +€113
up €113 (+16.4%), from €691 to €804
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 | €29,630 | €28,496 | -€1,134 | -3.8% |
| Fixed assets | 21/28 | €10,573 | €10,331 | -€243 | -2.3% |
| Tangible fixed assets | 22/27 | €10,573 | €10,331 | -€243 | -2.3% |
| Land and buildings | 22 | €1,250 | - | -€1,250 | |
| Plant, machinery and equipment | 23 | €5,286 | €3,743 | -€1,543 | -29.2% |
| Furniture and vehicles | 24 | €2,047 | €5,309 | +€3,261 | +159% |
| Other tangible fixed assets | 26 | €1,990 | €1,278 | -€711 | -35.7% |
| Current assets | 29/58 | €19,057 | €18,165 | -€892 | -4.7% |
| Amounts receivable within one year | 40/41 | €10,304 | €10,643 | +€340 | +3.3% |
| Trade receivables | 40 | €9,217 | €9,792 | +€575 | +6.2% |
| Other amounts receivable | 41 | €1,087 | €851 | -€235 | -21.6% |
| Cash at bank and in hand | 54/58 | €8,499 | €7,254 | -€1,245 | -14.6% |
| Deferred charges and accrued income | 490/1 | €255 | €268 | +€13 | +5.3% |
| Total equity and liabilities | 10/49 | €29,630 | €28,496 | -€1,134 | -3.8% |
| Equity | 10/15 | -€21,035 | -€24,038 | -€3,003 | -14.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,235 | -€30,238 | -€3,003 | -11.0% |
| Amounts payable | 17/49 | €50,666 | €52,534 | +€1,869 | +3.7% |
| Amounts payable after more than one year | 17 | €1,270 | €320 | -€950 | -74.8% |
| Financial debts | 170/4 | €1,270 | €320 | -€950 | -74.8% |
| Amounts payable within one year | 42/48 | €49,396 | €51,815 | +€2,419 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €936 | €950 | +€14 | +1.5% |
| Trade debts | 44 | €957 | €1,739 | +€782 | +81.8% |
| Suppliers | 440/4 | €957 | €1,739 | +€782 | +81.8% |
| Other amounts payable | 47/48 | €47,504 | €49,126 | +€1,622 | +3.4% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,199 | €5,201 | -€999 | -16.1% |
| Other operating charges | 640/8 | €691 | €804 | +€113 | +16.4% |
| Gross operating margin | 9900 | €2,297 | €2,971 | +€674 | +29.4% |
| Operating profit (loss) | 9901 | -€4,594 | -€3,034 | +€1,560 | +34.0% |
| Financial income | 75/76B | €87 | €104 | +€17 | +19.2% |
| Recurring financial income | 75 | €87 | €104 | +€17 | +19.2% |
| Financial charges | 65/66B | €83 | €68 | -€15 | -17.8% |
| Recurring financial charges | 65 | €83 | €68 | -€15 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,589 | -€2,998 | +€1,591 | +34.7% |
| Income taxes | 67/77 | -€479 | €5 | +€484 | |
| Profit (loss) for the period | 9904 | -€4,110 | -€3,003 | +€1,107 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,110 | -€3,003 | +€1,107 | +26.9% |
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 13 October 2026 via checked.be.