SWADELCO: 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.
SWADELCO
Largest movements
- Receivables within one year -€421
down €421 (-7.9%), from €5,322 to €4,901
- Profit (loss) carried forward -€421
down €421 (-1.3%), from -€31,934 to -€32,355
- Gross operating margin -€124
down €124 (-95.7%), from -€130 to -€254
- Other operating charges +€32
up €32 (+8.2%), from €387 to €419
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,849 | €6,428 | -€421 | -6.1% |
| Fixed assets | 21/28 | €1,527 | €1,527 | = | 0.0% |
| Financial fixed assets | 28 | €1,527 | €1,527 | = | 0.0% |
| Current assets | 29/58 | €5,322 | €4,901 | -€421 | -7.9% |
| Amounts receivable within one year | 40/41 | €5,322 | €4,901 | -€421 | -7.9% |
| Other amounts receivable | 41 | €5,322 | €4,901 | -€421 | -7.9% |
| Total equity and liabilities | 10/49 | €6,849 | €6,428 | -€421 | -6.1% |
| Equity | 10/15 | €6,849 | €6,428 | -€421 | -6.1% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €1,600 | €1,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,600 | €1,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,600 | €1,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,934 | -€32,355 | -€421 | -1.3% |
| Other operating charges | 640/8 | €387 | €419 | +€32 | +8.2% |
| Gross operating margin | 9900 | -€130 | -€254 | -€124 | -95.7% |
| Operating profit (loss) | 9901 | -€517 | -€673 | -€156 | -30.2% |
| Financial income | 75/76B | €254 | €252 | -€2 | -0.9% |
| Recurring financial income | 75 | €254 | €252 | -€2 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€263 | -€421 | -€158 | -60.2% |
| Profit (loss) for the period | 9904 | -€263 | -€421 | -€158 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€263 | -€421 | -€158 | -60.2% |
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 12 October 2026 via checked.be.