SKWAREL: 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.
SKWAREL
Largest movements
- Intangible fixed assets +€236,738
up €236,738 (+24.9%), from €950,720 to €1.2m
- Cash -€154,840
down €154,840 (-85.4%), from €181,311 to €26,471
mainly Investment in fixed assets (net) (-€889,016) and Current portion of long-term debt (-€580,000)
- Receivables within one year +€93,418
up €93,418 (+92.1%), from €101,473 to €194,891
of which Other amounts receivable: +€62,624
- Deferred charges and accrued income +€35,692
up €35,692 (+59.5%), from €59,940 to €95,632
- Current portion of long-term debt -€580,000
down €580,000 (-69.9%), from €830,000 to €250,000
- Other debts +€417,702
up €417,702 (+70.9%), from €589,114 to €1.0m
- Profit (loss) carried forward +€244,422
up €244,422 (+20.1%), from -€1.2m to -€968,935
- Trade debts +€109,880
up €109,880 (+55.3%), from €198,866 to €308,746
- Tax, wage and social debts +€19,593
up €19,593 (+17.6%), from €111,113 to €130,706
of which Remuneration and social security: +€14,781
- Gross operating margin +€230,037
up €230,037 (+15.1%), from €1.5m to €1.7m
- Depreciation +€179,255
up €179,255 (+38.0%), from €471,554 to €650,810
- Staff costs +€143,477
up €143,477 (+21.7%), from €660,351 to €803,828
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 | €1,301,691 | €1,514,169 | +€212,477 | +16.3% |
| Fixed assets | 21/28 | €958,968 | €1,197,175 | +€238,207 | +24.8% |
| Intangible fixed assets | 21 | €950,720 | €1,187,458 | +€236,738 | +24.9% |
| Tangible fixed assets | 22/27 | €7,623 | €9,092 | +€1,469 | +19.3% |
| Plant, machinery and equipment | 23 | €7,623 | €9,092 | +€1,469 | +19.3% |
| Financial fixed assets | 28 | €625 | €625 | = | 0.0% |
| Current assets | 29/58 | €342,724 | €316,994 | -€25,730 | -7.5% |
| Amounts receivable within one year | 40/41 | €101,473 | €194,891 | +€93,418 | +92.1% |
| Trade receivables | 40 | €92,678 | €123,472 | +€30,794 | +33.2% |
| Other amounts receivable | 41 | €8,795 | €71,419 | +€62,624 | +712% |
| Cash at bank and in hand | 54/58 | €181,311 | €26,471 | -€154,840 | -85.4% |
| Deferred charges and accrued income | 490/1 | €59,940 | €95,632 | +€35,692 | +59.5% |
| Total equity and liabilities | 10/49 | €1,301,691 | €1,514,169 | +€212,477 | +16.3% |
| Equity | 10/15 | -€427,402 | -€182,980 | +€244,422 | +57.2% |
| Contributions | 10/11 | €784,095 | €784,095 | = | 0.0% |
| Capital | 10 | €784,095 | €784,095 | = | 0.0% |
| Issued capital | 100 | €796,495 | €796,495 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,213,356 | -€968,935 | +€244,422 | +20.1% |
| Amounts payable | 17/49 | €1,729,093 | €1,697,148 | -€31,945 | -1.8% |
| Amounts payable within one year | 42/48 | €1,729,093 | €1,696,268 | -€32,825 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €830,000 | €250,000 | -€580,000 | -69.9% |
| Trade debts | 44 | €198,866 | €308,746 | +€109,880 | +55.3% |
| Suppliers | 440/4 | €198,866 | €308,746 | +€109,880 | +55.3% |
| Taxes, remuneration and social security | 45 | €111,113 | €130,706 | +€19,593 | +17.6% |
| Taxes | 450/3 | €17,867 | €22,679 | +€4,812 | +26.9% |
| Remuneration and social security | 454/9 | €93,246 | €108,027 | +€14,781 | +15.9% |
| Other amounts payable | 47/48 | €589,114 | €1,006,816 | +€417,702 | +70.9% |
| Accrued charges and deferred income | 492/3 | - | €880 | +€880 | |
| Remuneration, social security and pensions | 62 | €660,351 | €803,828 | +€143,477 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €471,554 | €650,810 | +€179,255 | +38.0% |
| Other operating charges | 640/8 | €11,742 | €2,837 | -€8,905 | -75.8% |
| Gross operating margin | 9900 | €1,519,722 | €1,749,758 | +€230,037 | +15.1% |
| Operating profit (loss) | 9901 | €376,075 | €292,284 | -€83,791 | -22.3% |
| Financial income | 75/76B | €267 | €620 | +€352 | +132% |
| Recurring financial income | 75 | €267 | €620 | +€352 | +132% |
| Financial charges | 65/66B | €63,625 | €47,296 | -€16,329 | -25.7% |
| Recurring financial charges | 65 | €63,625 | €47,296 | -€16,329 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €312,717 | €245,607 | -€67,109 | -21.5% |
| Income taxes | 67/77 | €713 | €1,186 | +€473 | +66.3% |
| Profit (loss) for the period | 9904 | €312,004 | €244,422 | -€67,582 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €312,004 | €244,422 | -€67,582 | -21.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.