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 +€34,030
up €34,030 (+10.5%), from €323,113 to €357,143
mainly Other debts (+€372,418) and Net result for the year (+€121,411)
- Receivables within one year -€22,725
down €22,725 (-53.0%), from €42,845 to €20,121
of which Trade receivables: -€21,862
- Other debts +€372,418
up €372,418, from €0 to €372,418
- Reserves -€298,412
down €298,412 (-100%), from €298,412 to €0
- Tax, wage and social debts -€64,767
down €64,767 (-92.7%), from €69,837 to €5,070
- Trade debts +€4,619
up €4,619 (+1,239%), from €373 to €4,991
- Gross operating margin +€22,314
up €22,314 (+16.6%), from €134,106 to €156,420
- Taxes +€5,025
up €5,025 (+16.7%), from €30,146 to €35,171
- Financial income -€1,680
down €1,680 (-33.9%), from €4,964 to €3,284
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 | €373,622 | €387,480 | +€13,858 | +3.7% |
| Formation expenses | 20 | €1,641 | €845 | -€796 | -48.5% |
| Fixed assets | 21/28 | €4,373 | €4,155 | -€219 | -5.0% |
| Tangible fixed assets | 22/27 | €4,373 | €4,155 | -€219 | -5.0% |
| Plant, machinery and equipment | 23 | - | €1,030 | +€1,030 | |
| Furniture and vehicles | 24 | €4,373 | €3,125 | -€1,249 | -28.6% |
| Current assets | 29/58 | €367,608 | €382,481 | +€14,873 | +4.0% |
| Amounts receivable within one year | 40/41 | €42,845 | €20,121 | -€22,725 | -53.0% |
| Trade receivables | 40 | €41,264 | €19,403 | -€21,862 | -53.0% |
| Other amounts receivable | 41 | €1,581 | €718 | -€863 | -54.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €323,113 | €357,143 | +€34,030 | +10.5% |
| Deferred charges and accrued income | 490/1 | €1,649 | €5,217 | +€3,567 | +216% |
| Total equity and liabilities | 10/49 | €373,622 | €387,480 | +€13,858 | +3.7% |
| Equity | 10/15 | €303,412 | €5,000 | -€298,412 | -98.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €298,412 | €0 | -€298,412 | -100% |
| Distributable reserves | 133 | €298,412 | €0 | -€298,412 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €70,210 | €382,480 | +€312,270 | +445% |
| Amounts payable within one year | 42/48 | €70,210 | €382,480 | +€312,270 | +445% |
| Trade debts | 44 | €373 | €4,991 | +€4,619 | +1,239% |
| Suppliers | 440/4 | €373 | €4,991 | +€4,619 | +1,239% |
| Taxes, remuneration and social security | 45 | €69,837 | €5,070 | -€64,767 | -92.7% |
| Taxes | 450/3 | €69,837 | €5,070 | -€64,767 | -92.7% |
| Other amounts payable | 47/48 | €0 | €372,418 | +€372,418 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,045 | €2,233 | +€188 | +9.2% |
| Other operating charges | 640/8 | €343 | €693 | +€350 | +102% |
| Gross operating margin | 9900 | €134,106 | €156,420 | +€22,314 | +16.6% |
| Operating profit (loss) | 9901 | €131,717 | €153,494 | +€21,777 | +16.5% |
| Financial income | 75/76B | €4,964 | €3,284 | -€1,680 | -33.9% |
| Recurring financial income | 75 | €4,964 | €3,284 | -€1,680 | -33.9% |
| Financial charges | 65/66B | €258 | €195 | -€63 | -24.3% |
| Recurring financial charges | 65 | €258 | €195 | -€63 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €136,423 | €156,582 | +€20,159 | +14.8% |
| Income taxes | 67/77 | €30,146 | €35,171 | +€5,025 | +16.7% |
| Profit (loss) for the period | 9904 | €106,277 | €121,411 | +€15,134 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €106,277 | €121,411 | +€15,134 | +14.2% |
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 15 October 2026 via checked.be.