Swaans Hof: 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.
Swaans Hof
Largest movements
- Receivables within one year -€22,563
down €22,563 (-79.1%), from €28,531 to €5,968
of which Trade receivables: -€25,447
- Deferred charges and accrued income -€7,419
down €7,419 (-46.4%), from €16,000 to €8,581
- Cash +€5,887
up €5,887 (+332%), from €1,775 to €7,661
mainly Receivables within one year (+€22,563) and Depreciation (+€12,612)
- Stocks and contracts -€3,083
down €3,083 (-41.0%), from €7,523 to €4,440
- Trade debts -€17,484
down €17,484 (-82.8%), from €21,109 to €3,625
- Other debts -€13,039
down €13,039 (-25.9%), from €50,383 to €37,344
- Tax, wage and social debts +€2,359
up €2,359 (+102%), from €2,316 to €4,675
of which Taxes: +€1,832
- Reserves +€1,763
up €1,763 (+19.3%), from €9,148 to €10,911
- Staff costs +€40,686
up €40,686 (+153%), from €26,593 to €67,279
- Gross operating margin +€35,883
up €35,883 (+69.4%), from €51,692 to €87,575
- Depreciation +€4,589
up €4,589 (+57.2%), from €8,023 to €12,612
- Taxes -€946
down €946 (-30.9%), from €3,062 to €2,116
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 | €83,956 | €57,555 | -€26,401 | -31.4% |
| Fixed assets | 21/28 | €30,128 | €30,905 | +€777 | +2.6% |
| Tangible fixed assets | 22/27 | €30,128 | €30,905 | +€777 | +2.6% |
| Plant, machinery and equipment | 23 | €18,759 | €20,847 | +€2,089 | +11.1% |
| Furniture and vehicles | 24 | €11,369 | €10,058 | -€1,311 | -11.5% |
| Current assets | 29/58 | €53,829 | €26,650 | -€27,179 | -50.5% |
| Stocks and contracts in progress | 3 | €7,523 | €4,440 | -€3,083 | -41.0% |
| Stocks | 30/36 | €7,523 | €4,440 | -€3,083 | -41.0% |
| Amounts receivable within one year | 40/41 | €28,531 | €5,968 | -€22,563 | -79.1% |
| Trade receivables | 40 | €26,593 | €1,146 | -€25,447 | -95.7% |
| Other amounts receivable | 41 | €1,938 | €4,822 | +€2,884 | +149% |
| Cash at bank and in hand | 54/58 | €1,775 | €7,661 | +€5,887 | +332% |
| Deferred charges and accrued income | 490/1 | €16,000 | €8,581 | -€7,419 | -46.4% |
| Total equity and liabilities | 10/49 | €83,956 | €57,555 | -€26,401 | -31.4% |
| Equity | 10/15 | €10,148 | €11,911 | +€1,763 | +17.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €9,148 | €10,911 | +€1,763 | +19.3% |
| Distributable reserves | 133 | €9,148 | €10,911 | +€1,763 | +19.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,808 | €45,644 | -€28,164 | -38.2% |
| Amounts payable within one year | 42/48 | €73,808 | €45,644 | -€28,164 | -38.2% |
| Trade debts | 44 | €21,109 | €3,625 | -€17,484 | -82.8% |
| Suppliers | 440/4 | €21,109 | €3,625 | -€17,484 | -82.8% |
| Taxes, remuneration and social security | 45 | €2,316 | €4,675 | +€2,359 | +102% |
| Taxes | 450/3 | €1,185 | €3,016 | +€1,832 | +155% |
| Remuneration and social security | 454/9 | €1,131 | €1,658 | +€527 | +46.6% |
| Other amounts payable | 47/48 | €50,383 | €37,344 | -€13,039 | -25.9% |
| Non-recurring operating income | 76A | - | €7,250 | +€7,250 | |
| Remuneration, social security and pensions | 62 | €26,593 | €67,279 | +€40,686 | +153% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,023 | €12,612 | +€4,589 | +57.2% |
| Other operating charges | 640/8 | €2,047 | €2,442 | +€395 | +19.3% |
| Gross operating margin | 9900 | €51,692 | €87,575 | +€35,883 | +69.4% |
| Operating profit (loss) | 9901 | €15,030 | €5,242 | -€9,787 | -65.1% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €1,101 | €1,374 | +€272 | +24.7% |
| Recurring financial charges | 65 | €1,101 | €1,374 | +€272 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €13,928 | €3,879 | -€10,049 | -72.1% |
| Income taxes | 67/77 | €3,062 | €2,116 | -€946 | -30.9% |
| Profit (loss) for the period | 9904 | €10,866 | €1,763 | -€9,103 | -83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,866 | €1,763 | -€9,103 | -83.8% |
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 19 October 2026 via checked.be.