Skwalo: 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.
What changed
Skwalo
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2.0m
2024 · €1.6m+€404,772
Equity
€5.2m
2024 · €3.2m+€2.0m
Cash
€159,935
2024 · €137,764+€22,171
Balance sheet total
€5.9m
2024 · €5.9m-€68,299
Largest movements
Assets
- Receivables within one year -€88,282
down €88,282 (-80.6%), from €109,518 to €21,237
of which Other amounts receivable: -€107,211
Equity and liabilities
- Debts after one year -€2.1m
down €2.1m (-86.6%), from €2.4m to €320,274
- Profit (loss) carried forward +€2.0m
up €2.0m (+64.9%), from €3.2m to €5.2m
Income statement
- Financial income +€346,140
up €346,140 (+21.5%), from €1.6m to €2.0m
- Financial charges -€59,977
down €59,977 (-53.4%), from €112,242 to €52,266
- Taxes +€18,272
up €18,272 (+134%), from €13,683 to €31,955
- Services and other goods -€12,093
down €12,093 (-15.5%), from €77,874 to €65,781
- Turnover +€5,803
up €5,803 (+2.4%), from €239,096 to €244,899
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.
Result 2024
€1.6m
Turnover
+€5,803
Services and other goods
+€12,093
Depreciation
-€19
Other operating charges
-€950
Financial income
+€346,140
Financial charges
+€59,977
Taxes
-€18,272
Result 2025
€2.0m
raises the resultlowers the result
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.
From operations
+€2.1m
Investment
-€85
Financing
-€2.1m
Cash 2024
€137,764
From operations (derived)
+€2.1m
Net result for the year
+€2.0m
Depreciation
+€133
Receivables within one year
+€88,282
Smaller working-capital items
-€2,641
Tax, wage and social debts
-€12,093
Accrued charges and deferred income
-€29,726
Investment (derived)
-€85
Current investments
-€85
Financing
-€2.1m
Debts after one year
-€2.1m
Cash 2025
€159,935
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,941,390 | €5,873,091 | -€68,299 | -1.1% |
| Fixed assets | 21/28 | €5,387,052 | €5,386,919 | -€133 | 0.0% |
| Tangible fixed assets | 22/27 | €552 | €419 | -€133 | -24.2% |
| Furniture and vehicles | 24 | €552 | €419 | -€133 | -24.2% |
| Financial fixed assets | 28 | €5,386,500 | €5,386,500 | = | 0.0% |
| Affiliated companies | 280/1 | €5,386,500 | €5,386,500 | = | 0.0% |
| Participating interests | 280 | €5,386,500 | €5,386,500 | = | 0.0% |
| Current assets | 29/58 | €554,338 | €486,172 | -€68,165 | -12.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €109,518 | €21,237 | -€88,282 | -80.6% |
| Trade receivables | 40 | €1,036 | €19,966 | +€18,930 | +1,827% |
| Other amounts receivable | 41 | €108,482 | €1,271 | -€107,211 | -98.8% |
| Current investments | 50/53 | €303,394 | €303,479 | +€85 | 0.0% |
| Other investments | 51/53 | €303,394 | €303,479 | +€85 | 0.0% |
| Cash at bank and in hand | 54/58 | €137,764 | €159,935 | +€22,171 | +16.1% |
| Deferred charges and accrued income | 490/1 | €3,661 | €1,521 | -€2,140 | -58.4% |
| Total equity and liabilities | 10/49 | €5,941,390 | €5,873,091 | -€68,299 | -1.1% |
| Equity | 10/15 | €3,155,125 | €5,199,652 | +€2.0m | +64.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,150,125 | €5,194,652 | +€2.0m | +64.9% |
| Amounts payable | 17/49 | €2,786,265 | €673,439 | -€2.1m | -75.8% |
| Amounts payable after more than one year | 17 | €2,386,500 | €320,274 | -€2.1m | -86.6% |
| Financial debts | 170/4 | €2,386,500 | €320,274 | -€2.1m | -86.6% |
| Subordinated loans | 170 | €2,000,000 | €320,274 | -€1.7m | -84.0% |
| Credit institutions | 173 | €300,000 | €0 | -€300,000 | -100% |
| Other loans | 174 | €86,500 | €0 | -€86,500 | -100% |
| Amounts payable within one year | 42/48 | €341,027 | €324,153 | -€16,873 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €1,187 | €1,037 | -€151 | -12.7% |
| Suppliers | 440/4 | €1,187 | €1,037 | -€151 | -12.7% |
| Taxes, remuneration and social security | 45 | €34,361 | €22,267 | -€12,093 | -35.2% |
| Taxes | 450/3 | €34,361 | €22,267 | -€12,093 | -35.2% |
| Other amounts payable | 47/48 | €5,479 | €849 | -€4,630 | -84.5% |
| Accrued charges and deferred income | 492/3 | €58,738 | €29,012 | -€29,726 | -50.6% |
| Operating income | 70/76A | €239,096 | €244,899 | +€5,803 | +2.4% |
| Turnover | 70 | €239,096 | €244,899 | +€5,803 | +2.4% |
| Operating charges | 60/66A | €79,751 | €68,627 | -€11,124 | -13.9% |
| Services and other goods | 61 | €77,874 | €65,781 | -€12,093 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115 | €133 | +€19 | +16.2% |
| Other operating charges | 640/8 | €1,763 | €2,713 | +€950 | +53.9% |
| Operating profit (loss) | 9901 | €159,345 | €176,272 | +€16,927 | +10.6% |
| Financial income | 75/76B | €1,606,335 | €1,952,475 | +€346,140 | +21.5% |
| Recurring financial income | 75 | €1,606,335 | €1,952,475 | +€346,140 | +21.5% |
| Income from financial fixed assets | 750 | €1,605,552 | €1,950,000 | +€344,449 | +21.5% |
| Income from current assets | 751 | €139 | €2,475 | +€2,336 | +1,684% |
| Other financial income | 752/9 | €644 | €0 | -€644 | -100% |
| Financial charges | 65/66B | €112,242 | €52,266 | -€59,977 | -53.4% |
| Recurring financial charges | 65 | €112,242 | €52,266 | -€59,977 | -53.4% |
| Debt charges | 650 | €112,037 | €52,122 | -€59,915 | -53.5% |
| Other financial charges | 652/9 | €205 | €144 | -€62 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €1,653,438 | €2,076,482 | +€423,044 | +25.6% |
| Income taxes | 67/77 | €13,683 | €31,955 | +€18,272 | +134% |
| Taxes | 670/3 | €13,683 | €31,955 | +€18,272 | +134% |
| Profit (loss) for the period | 9904 | €1,639,755 | €2,044,527 | +€404,772 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,639,755 | €2,044,527 | +€404,772 | +24.7% |
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.