SWAKARA: 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.
SWAKARA
Largest movements
- Cash +€90,998
up €90,998 (+186.7%), from €48,750 to €139,747
mainly Net result for the year (+€52,725) and Stocks and contracts (+€44,839)
- Stocks and contracts -€44,839
down €44,839 (-14.0%), from €319,209 to €274,370
- Tangible fixed assets -€14,556
down €14,556 (-39.1%), from €37,270 to €22,713
of which Furniture and vehicles: -€9,938
- Receivables within one year +€5,743
up €5,743 (+303.3%), from €1,893 to €7,636
of which Trade receivables: +€5,743
- Reserves +€52,725
up €52,725 (+19.6%), from €268,996 to €321,722
of which Distributable reserves: +€52,725
- Other debts -€11,275
down €11,275 (-16.2%), from €69,700 to €58,425
- Debts after one year -€10,328
down €10,328 (-85.5%), from €12,074 to €1,746
- Taxes +€7,597
up €7,597 (+39.1%), from €19,437 to €27,034
- Gross operating margin +€5,879
up €5,879 (+6.0%), from €97,381 to €103,260
- Financial charges -€3,031
down €3,031 (-85.9%), from €3,527 to €496
of which Financial charges: -€2,666
- Staff costs -€1,916
down €1,916 (-22.6%), from €8,475 to €6,559
- Depreciation -€1,254
down €1,254 (-7.6%), from €16,400 to €15,146
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 | €407,384 | €444,862 | +€37,478 | +9.2% |
| Fixed assets | 21/28 | €37,280 | €22,723 | -€14,556 | -39.0% |
| Intangible fixed assets | 21 | €10 | €10 | = | 0.0% |
| Tangible fixed assets | 22/27 | €37,270 | €22,713 | -€14,556 | -39.1% |
| Plant, machinery and equipment | 23 | €6,131 | €1,513 | -€4,618 | -75.3% |
| Furniture and vehicles | 24 | €31,139 | €21,201 | -€9,938 | -31.9% |
| Current assets | 29/58 | €370,104 | €422,138 | +€52,034 | +14.1% |
| Stocks and contracts in progress | 3 | €319,209 | €274,370 | -€44,839 | -14.0% |
| Stocks | 30/36 | €319,209 | €274,370 | -€44,839 | -14.0% |
| Amounts receivable within one year | 40/41 | €1,893 | €7,636 | +€5,743 | +303.3% |
| Trade receivables | 40 | €1,893 | €7,636 | +€5,743 | +303.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €48,750 | €139,747 | +€90,998 | +186.7% |
| Deferred charges and accrued income | 490/1 | €253 | €385 | +€133 | +52.5% |
| Total equity and liabilities | 10/49 | €407,384 | €444,862 | +€37,478 | +9.2% |
| Equity | 10/15 | €287,596 | €340,322 | +€52,725 | +18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €268,996 | €321,722 | +€52,725 | +19.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €268,996 | €321,722 | +€52,725 | +19.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €119,788 | €104,540 | -€15,248 | -12.7% |
| Amounts payable after more than one year | 17 | €12,074 | €1,746 | -€10,328 | -85.5% |
| Financial debts | 170/4 | €12,074 | €1,746 | -€10,328 | -85.5% |
| Amounts payable within one year | 42/48 | €106,603 | €97,421 | -€9,183 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €10,078 | €10,328 | +€250 | +2.5% |
| Trade debts | 44 | €4,708 | €3,431 | -€1,276 | -27.1% |
| Suppliers | 440/4 | €4,708 | €3,431 | -€1,276 | -27.1% |
| Taxes, remuneration and social security | 45 | €22,117 | €25,236 | +€3,119 | +14.1% |
| Taxes | 450/3 | €22,117 | €25,236 | +€3,119 | +14.1% |
| Other amounts payable | 47/48 | €69,700 | €58,425 | -€11,275 | -16.2% |
| Accrued charges and deferred income | 492/3 | €1,110 | €5,373 | +€4,263 | +384.1% |
| Remuneration, social security and pensions | 62 | €8,475 | €6,559 | -€1,916 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,400 | €15,146 | -€1,254 | -7.6% |
| Other operating charges | 640/8 | €1,091 | €1,299 | +€208 | +19.1% |
| Gross operating margin | 9900 | €97,381 | €103,260 | +€5,879 | +6.0% |
| Operating profit (loss) | 9901 | €71,415 | €80,256 | +€8,841 | +12.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €3,527 | €496 | -€3,031 | -85.9% |
| Recurring financial charges | 65 | €3,162 | €496 | -€2,666 | -84.3% |
| Non-recurring financial charges | 66B | €365 | €0 | -€365 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €67,888 | €79,760 | +€11,871 | +17.5% |
| Income taxes | 67/77 | €19,437 | €27,034 | +€7,597 | +39.1% |
| Profit (loss) for the period | 9904 | €48,451 | €52,725 | +€4,275 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,451 | €52,725 | +€4,275 | +8.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.