SWAENENBURG: 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.
SWAENENBURG
Largest movements
- Receivables after one year +€32,933
up €32,933 (+677.8%), from €4,859 to €37,792
- Tangible fixed assets -€28,312
down €28,312 (-6.8%), from €415,467 to €387,154
of which Land and buildings: -€15,989
- Cash -€15,792
down €15,792 (-63.0%), from €25,085 to €9,293
mainly Receivables after one year (-€32,933) and Investment in fixed assets (net) (-€23,680)
- Receivables within one year +€6,265
up €6,265 (+23.5%), from €26,664 to €32,929
of which Trade receivables: +€6,170
- Trade debts -€13,431
down €13,431 (-27.3%), from €49,149 to €35,718
- Profit (loss) carried forward +€7,549
up €7,549 (+6.4%), from -€117,149 to -€109,600
- Gross operating margin -€50,641
down €50,641 (-36.9%), from €137,348 to €86,707
- Staff costs -€21,572
down €21,572, from €20,767 to -€804
- Financial charges -€2,007
down €2,007 (-10.3%), from €19,446 to €17,439
- Write-downs +€1,626
new in 2025: €1,626
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 | €488,961 | €481,936 | -€7,025 | -1.4% |
| Fixed assets | 21/28 | €416,218 | €387,725 | -€28,493 | -6.8% |
| Intangible fixed assets | 21 | €752 | €571 | -€181 | -24.1% |
| Tangible fixed assets | 22/27 | €415,467 | €387,154 | -€28,312 | -6.8% |
| Land and buildings | 22 | €372,000 | €356,011 | -€15,989 | -4.3% |
| Plant, machinery and equipment | 23 | €28,124 | €19,801 | -€8,323 | -29.6% |
| Furniture and vehicles | 24 | €15,342 | €11,342 | -€4,000 | -26.1% |
| Current assets | 29/58 | €72,742 | €94,211 | +€21,468 | +29.5% |
| Amounts receivable after more than one year | 29 | €4,859 | €37,792 | +€32,933 | +677.8% |
| Other amounts receivable | 291 | €4,859 | €37,792 | +€32,933 | +677.8% |
| Stocks and contracts in progress | 3 | €10,859 | €7,140 | -€3,719 | -34.2% |
| Stocks | 30/36 | €10,859 | €7,140 | -€3,719 | -34.2% |
| Amounts receivable within one year | 40/41 | €26,664 | €32,929 | +€6,265 | +23.5% |
| Trade receivables | 40 | €26,664 | €32,835 | +€6,170 | +23.1% |
| Other amounts receivable | 41 | - | €95 | +€95 | |
| Cash at bank and in hand | 54/58 | €25,085 | €9,293 | -€15,792 | -63.0% |
| Deferred charges and accrued income | 490/1 | €5,275 | €7,056 | +€1,781 | +33.8% |
| Total equity and liabilities | 10/49 | €488,961 | €481,936 | -€7,025 | -1.4% |
| Equity | 10/15 | €83,169 | €90,718 | +€7,549 | +9.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €318 | €318 | = | 0.0% |
| Non-distributable reserves | 130/1 | €318 | €318 | = | 0.0% |
| Legal reserve | 130 | €318 | €318 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,149 | -€109,600 | +€7,549 | +6.4% |
| Amounts payable | 17/49 | €405,791 | €391,218 | -€14,573 | -3.6% |
| Amounts payable after more than one year | 17 | €321,499 | €317,421 | -€4,077 | -1.3% |
| Financial debts | 170/4 | €201,922 | €188,970 | -€12,952 | -6.4% |
| Other amounts payable | 178/9 | €119,577 | €128,451 | +€8,874 | +7.4% |
| Amounts payable within one year | 42/48 | €84,292 | €69,670 | -€14,622 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €32,712 | €33,952 | +€1,240 | +3.8% |
| Trade debts | 44 | €49,149 | €35,718 | -€13,431 | -27.3% |
| Suppliers | 440/4 | €49,149 | €35,718 | -€13,431 | -27.3% |
| Taxes, remuneration and social security | 45 | €2,431 | €0 | -€2,431 | -100.0% |
| Taxes | 450/3 | €2,431 | €0 | -€2,431 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €4,127 | +€4,127 | |
| Remuneration, social security and pensions | 62 | €20,767 | -€804 | -€21,572 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,848 | €52,173 | -€675 | -1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,626 | +€1,626 | |
| Other operating charges | 640/8 | €8,954 | €9,462 | +€508 | +5.7% |
| Gross operating margin | 9900 | €137,348 | €86,707 | -€50,641 | -36.9% |
| Operating profit (loss) | 9901 | €54,779 | €24,250 | -€30,529 | -55.7% |
| Financial income | 75/76B | €862 | €738 | -€124 | -14.4% |
| Recurring financial income | 75 | €862 | €738 | -€124 | -14.4% |
| Financial charges | 65/66B | €19,446 | €17,439 | -€2,007 | -10.3% |
| Recurring financial charges | 65 | €19,446 | €17,439 | -€2,007 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €36,195 | €7,549 | -€28,646 | -79.1% |
| Profit (loss) for the period | 9904 | €36,195 | €7,549 | -€28,646 | -79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,195 | €7,549 | -€28,646 | -79.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.