SWABEL: 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.
SWABEL
Largest movements
- Cash +€5,155
up €5,155 (+4.1%), from €126,926 to €132,081
mainly Net result for the year (+€12,870) and Tax, wage and social debts (+€4,340)
- Profit (loss) carried forward +€12,870
up €12,870 (+90.9%), from -€14,156 to -€1,286
- Other debts -€9,870
down €9,870 (-9.0%), from €109,540 to €99,671
- Tax, wage and social debts +€4,340
up €4,340, from €0 to €4,340
- Accrued charges and deferred income -€2,941
down €2,941 (-16.6%), from €17,672 to €14,731
- Depreciation -€12,347
down €12,347 (-95.7%), from €12,903 to €556
- Gross operating margin -€11,183
down €11,183 (-8.2%), from €136,428 to €125,245
- Financial charges -€9,761
down €9,761 (-8.9%), from €109,749 to €99,988
- Taxes +€1,646
up €1,646 (+62.3%), from €2,644 to €4,290
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 | €268,016 | €272,415 | +€4,399 | +1.6% |
| Fixed assets | 21/28 | €135,672 | €135,116 | -€556 | -0.4% |
| Tangible fixed assets | 22/27 | €135,672 | €135,116 | -€556 | -0.4% |
| Land and buildings | 22 | €135,672 | €135,116 | -€556 | -0.4% |
| Current assets | 29/58 | €132,345 | €137,300 | +€4,955 | +3.7% |
| Amounts receivable within one year | 40/41 | €1,922 | €343 | -€1,579 | -82.1% |
| Other amounts receivable | 41 | €1,922 | €343 | -€1,579 | -82.1% |
| Cash at bank and in hand | 54/58 | €126,926 | €132,081 | +€5,155 | +4.1% |
| Deferred charges and accrued income | 490/1 | €3,496 | €4,875 | +€1,379 | +39.4% |
| Total equity and liabilities | 10/49 | €268,016 | €272,415 | +€4,399 | +1.6% |
| Equity | 10/15 | €47,844 | €60,714 | +€12,870 | +26.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€14,156 | -€1,286 | +€12,870 | +90.9% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €220,172 | €211,701 | -€8,471 | -3.8% |
| Amounts payable after more than one year | 17 | €92,960 | €92,960 | = | 0.0% |
| Financial debts | 170/4 | €92,960 | €92,960 | = | 0.0% |
| Amounts payable within one year | 42/48 | €109,540 | €104,010 | -€5,530 | -5.0% |
| Taxes, remuneration and social security | 45 | €0 | €4,340 | +€4,340 | |
| Taxes | 450/3 | €0 | €4,340 | +€4,340 | |
| Other amounts payable | 47/48 | €109,540 | €99,671 | -€9,870 | -9.0% |
| Accrued charges and deferred income | 492/3 | €17,672 | €14,731 | -€2,941 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,903 | €556 | -€12,347 | -95.7% |
| Other operating charges | 640/8 | €7,557 | €7,986 | +€429 | +5.7% |
| Gross operating margin | 9900 | €136,428 | €125,245 | -€11,183 | -8.2% |
| Operating profit (loss) | 9901 | €115,968 | €116,703 | +€736 | +0.6% |
| Financial income | 75/76B | €221 | €444 | +€224 | +101.4% |
| Recurring financial income | 75 | €221 | €444 | +€224 | +101.4% |
| Financial charges | 65/66B | €109,749 | €99,988 | -€9,761 | -8.9% |
| Recurring financial charges | 65 | €109,749 | €99,988 | -€9,761 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €6,440 | €17,160 | +€10,720 | +166.5% |
| Transfer from deferred taxes | 780 | €1,034 | €0 | -€1,034 | -100.0% |
| Income taxes | 67/77 | €2,644 | €4,290 | +€1,646 | +62.3% |
| Profit (loss) for the period | 9904 | €4,830 | €12,870 | +€8,040 | +166.5% |
| Transfer from tax-exempt reserves | 789 | €3,101 | €0 | -€3,101 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,931 | €12,870 | +€4,939 | +62.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.