Swaene: 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.
Swaene
Largest movements
- Stocks and contracts +€24,028
up €24,028 (+202.2%), from €11,883 to €35,910
- Cash -€7,993
down €7,993 (-44.6%), from €17,931 to €9,938
mainly Stocks and contracts (-€24,028) and Trade debts (-€10,300)
- Receivables within one year -€3,281
down €3,281 (-94.1%), from €3,486 to €205
- Other debts +€24,204
up €24,204 (+105.4%), from €22,967 to €47,171
- Trade debts -€10,300
down €10,300 (-100.0%), from €10,300 to €0
- Profit (loss) carried forward -€1,151
down €1,151 (-38.8%), from -€2,967 to -€4,117
- Gross operating margin +€1,158
up €1,158 (+71.2%), from -€1,627 to -€469
- Other operating charges -€379
down €379 (-42.2%), from €899 to €520
- Financial charges +€42
up €42 (+34.8%), from €120 to €162
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 | €33,300 | €46,053 | +€12,753 | +38.3% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €33,300 | €46,053 | +€12,753 | +38.3% |
| Stocks and contracts in progress | 3 | €11,883 | €35,910 | +€24,028 | +202.2% |
| Stocks | 30/36 | €11,883 | €35,910 | +€24,028 | +202.2% |
| Amounts receivable within one year | 40/41 | €3,486 | €205 | -€3,281 | -94.1% |
| Other amounts receivable | 41 | €3,486 | €205 | -€3,281 | -94.1% |
| Cash at bank and in hand | 54/58 | €17,931 | €9,938 | -€7,993 | -44.6% |
| Total equity and liabilities | 10/49 | €33,300 | €46,053 | +€12,753 | +38.3% |
| Equity | 10/15 | €33 | -€1,117 | -€1,151 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,967 | -€4,117 | -€1,151 | -38.8% |
| Amounts payable | 17/49 | €33,267 | €47,171 | +€13,904 | +41.8% |
| Amounts payable within one year | 42/48 | €33,267 | €47,171 | +€13,904 | +41.8% |
| Trade debts | 44 | €10,300 | €0 | -€10,300 | -100.0% |
| Suppliers | 440/4 | €10,300 | €0 | -€10,300 | -100.0% |
| Other amounts payable | 47/48 | €22,967 | €47,171 | +€24,204 | +105.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €899 | €520 | -€379 | -42.2% |
| Non-recurring operating charges | 66A | €4,620 | €0 | -€4,620 | -100.0% |
| Gross operating margin | 9900 | -€1,627 | -€469 | +€1,158 | +71.2% |
| Operating profit (loss) | 9901 | -€7,145 | -€989 | +€6,157 | +86.2% |
| Financial charges | 65/66B | €120 | €162 | +€42 | +34.8% |
| Recurring financial charges | 65 | €120 | €162 | +€42 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,265 | -€1,151 | +€6,115 | +84.2% |
| Profit (loss) for the period | 9904 | -€7,265 | -€1,151 | +€6,115 | +84.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,265 | -€1,151 | +€6,115 | +84.2% |
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 11 October 2026 via checked.be.