Schwung: 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.
Schwung
Largest movements
- Cash +€7,502
up €7,502 (+73.6%), from €10,189 to €17,691
mainly Net result for the year (+€16,336) and Depreciation (+€4,426)
- Tangible fixed assets -€4,116
down €4,116 (-80.0%), from €5,148 to €1,032
- Receivables within one year +€3,494
up €3,494 (+72.4%), from €4,824 to €8,318
of which Trade receivables: +€6,600
- Intangible fixed assets -€718
down €718 (-68.4%), from €1,051 to €332
- Profit (loss) carried forward +€8,136
up €8,136 (+67.8%), from €11,996 to €20,132
- Trade debts -€1,479
down €1,479 (-35.7%), from €4,142 to €2,663
- Other debts -€966
down €966 (-32.5%), from €2,977 to €2,010
- Tax, wage and social debts +€584
new in 2025: €584
- Gross operating margin +€30,281
up €30,281, from -€8,626 to €21,655
- Taxes +€600
new in 2025: €600
- Depreciation -€451
down €451 (-9.2%), from €4,877 to €4,426
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 | €21,735 | €28,129 | +€6,394 | +29.4% |
| Fixed assets | 21/28 | €6,199 | €1,365 | -€4,834 | -78.0% |
| Intangible fixed assets | 21 | €1,051 | €332 | -€718 | -68.4% |
| Tangible fixed assets | 22/27 | €5,148 | €1,032 | -€4,116 | -80.0% |
| Plant, machinery and equipment | 23 | €5,148 | €1,032 | -€4,116 | -80.0% |
| Current assets | 29/58 | €15,536 | €26,765 | +€11,229 | +72.3% |
| Amounts receivable within one year | 40/41 | €4,824 | €8,318 | +€3,494 | +72.4% |
| Trade receivables | 40 | €426 | €7,026 | +€6,600 | +1,550% |
| Other amounts receivable | 41 | €4,398 | €1,292 | -€3,106 | -70.6% |
| Cash at bank and in hand | 54/58 | €10,189 | €17,691 | +€7,502 | +73.6% |
| Deferred charges and accrued income | 490/1 | €523 | €755 | +€232 | +44.4% |
| Total equity and liabilities | 10/49 | €21,735 | €28,129 | +€6,394 | +29.4% |
| Equity | 10/15 | €14,496 | €22,632 | +€8,136 | +56.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,996 | €20,132 | +€8,136 | +67.8% |
| Amounts payable | 17/49 | €7,239 | €5,498 | -€1,742 | -24.1% |
| Amounts payable within one year | 42/48 | €7,119 | €5,258 | -€1,862 | -26.1% |
| Trade debts | 44 | €4,142 | €2,663 | -€1,479 | -35.7% |
| Suppliers | 440/4 | €4,142 | €2,663 | -€1,479 | -35.7% |
| Taxes, remuneration and social security | 45 | - | €584 | +€584 | |
| Taxes | 450/3 | - | €584 | +€584 | |
| Other amounts payable | 47/48 | €2,977 | €2,010 | -€966 | -32.5% |
| Accrued charges and deferred income | 492/3 | €120 | €240 | +€120 | +100% |
| Non-recurring operating income | 76A | - | €1,245 | +€1,245 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,877 | €4,426 | -€451 | -9.2% |
| Other operating charges | 640/8 | €267 | €191 | -€75 | -28.2% |
| Gross operating margin | 9900 | -€8,626 | €21,655 | +€30,281 | |
| Operating profit (loss) | 9901 | -€13,769 | €17,037 | +€30,807 | |
| Financial income | 75/76B | €31 | €59 | +€28 | +91.4% |
| Recurring financial income | 75 | €31 | €59 | +€28 | +91.4% |
| Financial charges | 65/66B | €127 | €160 | +€33 | +26.4% |
| Recurring financial charges | 65 | €127 | €160 | +€33 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,865 | €16,936 | +€30,801 | |
| Income taxes | 67/77 | - | €600 | +€600 | |
| Profit (loss) for the period | 9904 | -€13,865 | €16,336 | +€30,201 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,865 | €16,336 | +€30,201 |
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 27 October 2026 via checked.be.