SCHWIND: what changed
Two fiscal 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.
SCHWIND
Largest movements
- Cash +€84,790
up €84,790 (+152.5%), from €55,587 to €140,377
mainly Stocks and contracts (+€52,451) and Depreciation (+€29,461)
- Stocks and contracts -€52,451
down €52,451 (-23.9%), from €219,748 to €167,297
- Tangible fixed assets -€21,565
down €21,565 (-22.0%), from €98,162 to €76,597
of which Furniture and vehicles: -€17,702
- Receivables within one year -€4,786
down €4,786 (-27.3%), from €17,541 to €12,755
of which Trade receivables: -€5,295
- Debts after one year -€18,813
down €18,813 (-73.9%), from €25,461 to €6,648
- Other debts +€16,480
up €16,480 (+357.5%), from €4,610 to €21,090
- Trade debts -€7,594
down €7,594 (-18.7%), from €40,646 to €33,052
- Accrued charges and deferred income +€7,387
new in 2025: €7,387
- Profit (loss) carried forward +€4,253
up €4,253 (+5.6%), from -€75,989 to -€71,736
- Gross operating margin -€16,130
down €16,130 (-11.0%), from €146,793 to €130,663
- Depreciation +€3,778
up €3,778 (+14.7%), from €25,683 to €29,461
- Financial charges -€3,418
down €3,418 (-18.8%), from €18,186 to €14,768
- Staff costs +€3,343
up €3,343 (+4.6%), from €72,123 to €75,466
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.
Cash bridge derived
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 | €396,119 | €402,377 | +€6,259 | +1.6% |
| Fixed assets | 21/28 | €98,162 | €76,597 | -€21,565 | -22.0% |
| Tangible fixed assets | 22/27 | €98,162 | €76,597 | -€21,565 | -22.0% |
| Land and buildings | 22 | €23,616 | €17,896 | -€5,720 | -24.2% |
| Plant, machinery and equipment | 23 | €9,708 | €11,565 | +€1,857 | +19.1% |
| Furniture and vehicles | 24 | €64,838 | €47,135 | -€17,702 | -27.3% |
| Current assets | 29/58 | €297,957 | €325,780 | +€27,823 | +9.3% |
| Stocks and contracts in progress | 3 | €219,748 | €167,297 | -€52,451 | -23.9% |
| Stocks | 30/36 | €219,748 | €167,297 | -€52,451 | -23.9% |
| Amounts receivable within one year | 40/41 | €17,541 | €12,755 | -€4,786 | -27.3% |
| Trade receivables | 40 | €17,515 | €12,220 | -€5,295 | -30.2% |
| Other amounts receivable | 41 | €25 | €535 | +€510 | +2013.9% |
| Cash at bank and in hand | 54/58 | €55,587 | €140,377 | +€84,790 | +152.5% |
| Deferred charges and accrued income | 490/1 | €5,082 | €5,352 | +€270 | +5.3% |
| Total equity and liabilities | 10/49 | €396,119 | €402,377 | +€6,259 | +1.6% |
| Equity | 10/15 | €77,474 | €81,727 | +€4,253 | +5.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €133,003 | €133,003 | = | 0.0% |
| Distributable reserves | 133 | €133,003 | €133,003 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,989 | -€71,736 | +€4,253 | +5.6% |
| Amounts payable | 17/49 | €318,644 | €320,650 | +€2,006 | +0.6% |
| Amounts payable after more than one year | 17 | €25,461 | €6,648 | -€18,813 | -73.9% |
| Financial debts | 170/4 | €25,461 | €6,648 | -€18,813 | -73.9% |
| Amounts payable within one year | 42/48 | €293,183 | €306,615 | +€13,431 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €18,060 | €18,813 | +€753 | +4.2% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Other loans | 439 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €40,646 | €33,052 | -€7,594 | -18.7% |
| Suppliers | 440/4 | €40,646 | €33,052 | -€7,594 | -18.7% |
| Advances received on contracts in progress | 46 | €22 | - | -€22 | |
| Taxes, remuneration and social security | 45 | €29,845 | €33,660 | +€3,815 | +12.8% |
| Taxes | 450/3 | €20,091 | €26,847 | +€6,756 | +33.6% |
| Remuneration and social security | 454/9 | €9,755 | €6,814 | -€2,941 | -30.2% |
| Other amounts payable | 47/48 | €4,610 | €21,090 | +€16,480 | +357.5% |
| Accrued charges and deferred income | 492/3 | - | €7,387 | +€7,387 | |
| Remuneration, social security and pensions | 62 | €72,123 | €75,466 | +€3,343 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,683 | €29,461 | +€3,778 | +14.7% |
| Other operating charges | 640/8 | €6,193 | €6,574 | +€381 | +6.1% |
| Gross operating margin | 9900 | €146,793 | €130,663 | -€16,130 | -11.0% |
| Operating profit (loss) | 9901 | €42,793 | €19,162 | -€23,632 | -55.2% |
| Financial charges | 65/66B | €18,186 | €14,768 | -€3,418 | -18.8% |
| Recurring financial charges | 65 | €18,186 | €14,768 | -€3,418 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €24,608 | €4,394 | -€20,214 | -82.1% |
| Income taxes | 67/77 | €152 | €141 | -€11 | -7.3% |
| Profit (loss) for the period | 9904 | €24,456 | €4,253 | -€20,203 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,456 | €4,253 | -€20,203 | -82.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.