SKWER: 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.
SKWER
Largest movements
- Receivables within one year +€191,509
up €191,509 (+439.6%), from €43,565 to €235,073
of which Other amounts receivable: +€201,423
- Cash -€97,860
down €97,860 (-27.4%), from €357,200 to €259,340
mainly Receivables within one year (-€191,509) and Contributions, distributions and other (-€100,000)
- Tangible fixed assets -€64,307
down €64,307 (-33.3%), from €192,920 to €128,613
- Other debts +€101,985
up €101,985 (+540.9%), from €18,856 to €120,841
- Profit (loss) carried forward -€35,369
down €35,369 (-18.9%), from €186,791 to €151,422
- Debts after one year -€35,000
down €35,000 (-15.8%), from €221,666 to €186,666
- Financial charges -€5,987
down €5,987 (-41.3%), from €14,506 to €8,520
- Gross operating margin -€5,184
down €5,184 (-3.1%), from €164,699 to €159,515
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 | €594,031 | €623,288 | +€29,257 | +4.9% |
| Fixed assets | 21/28 | €192,920 | €128,613 | -€64,307 | -33.3% |
| Tangible fixed assets | 22/27 | €192,920 | €128,613 | -€64,307 | -33.3% |
| Other tangible fixed assets | 26 | €192,920 | €128,613 | -€64,307 | -33.3% |
| Current assets | 29/58 | €401,110 | €494,674 | +€93,564 | +23.3% |
| Stocks and contracts in progress | 3 | €346 | €260 | -€85 | -24.7% |
| Stocks | 30/36 | €346 | €260 | -€85 | -24.7% |
| Amounts receivable within one year | 40/41 | €43,565 | €235,073 | +€191,509 | +439.6% |
| Trade receivables | 40 | €17,335 | €7,420 | -€9,914 | -57.2% |
| Other amounts receivable | 41 | €26,230 | €227,653 | +€201,423 | +767.9% |
| Cash at bank and in hand | 54/58 | €357,200 | €259,340 | -€97,860 | -27.4% |
| Total equity and liabilities | 10/49 | €594,031 | €623,288 | +€29,257 | +4.9% |
| Equity | 10/15 | €286,791 | €251,422 | -€35,369 | -12.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,791 | €151,422 | -€35,369 | -18.9% |
| Amounts payable | 17/49 | €307,240 | €371,866 | +€64,626 | +21.0% |
| Amounts payable after more than one year | 17 | €221,666 | €186,666 | -€35,000 | -15.8% |
| Financial debts | 170/4 | €221,666 | €186,666 | -€35,000 | -15.8% |
| Amounts payable within one year | 42/48 | €85,574 | €185,200 | +€99,626 | +116.4% |
| Current portion of amounts payable after more than one year | 42 | €37,917 | €35,000 | -€2,917 | -7.7% |
| Trade debts | 44 | €17,329 | €18,957 | +€1,628 | +9.4% |
| Suppliers | 440/4 | €17,329 | €18,957 | +€1,628 | +9.4% |
| Taxes, remuneration and social security | 45 | €11,472 | €10,402 | -€1,070 | -9.3% |
| Taxes | 450/3 | €11,472 | €10,402 | -€1,070 | -9.3% |
| Other amounts payable | 47/48 | €18,856 | €120,841 | +€101,985 | +540.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,307 | €64,307 | = | 0.0% |
| Other operating charges | 640/8 | €1,972 | €1,635 | -€336 | -17.0% |
| Gross operating margin | 9900 | €164,699 | €159,515 | -€5,184 | -3.1% |
| Operating profit (loss) | 9901 | €98,421 | €93,573 | -€4,848 | -4.9% |
| Financial income | 75/76B | €552 | €1,425 | +€873 | +158.2% |
| Recurring financial income | 75 | €552 | €1,425 | +€873 | +158.2% |
| Financial charges | 65/66B | €14,506 | €8,520 | -€5,987 | -41.3% |
| Recurring financial charges | 65 | €14,506 | €8,520 | -€5,987 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €84,467 | €86,478 | +€2,012 | +2.4% |
| Income taxes | 67/77 | €21,098 | €21,847 | +€749 | +3.6% |
| Profit (loss) for the period | 9904 | €63,369 | €64,631 | +€1,262 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,369 | €64,631 | +€1,262 | +2.0% |
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 7 October 2026 via checked.be.