SWALLOW TECH: 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.
SWALLOW TECH
Largest movements
- Receivables within one year -€46,746
down €46,746 (-14.6%), from €321,199 to €274,453
of which Trade receivables: -€46,583
- Cash +€30,773
up €30,773 (+19.1%), from €160,792 to €191,565
mainly Receivables within one year (+€46,746) and Trade debts (+€33,669)
- Accrued charges and deferred income -€35,690
no longer reported in 2024 (was €35,690)
- Trade debts +€33,669
up €33,669 (+125.5%), from €26,830 to €60,499
- Tax, wage and social debts -€11,844
down €11,844 (-12.3%), from €96,408 to €84,564
of which Remuneration and social security: -€8,295
- Staff costs +€71,723
up €71,723 (+13.0%), from €549,675 to €621,398
- Gross operating margin +€66,361
up €66,361 (+10.7%), from €621,400 to €687,761
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €490,630 | €477,823 | -€12,807 | -2.6% |
| Fixed assets | 21/28 | €6,459 | €7,408 | +€949 | +14.7% |
| Tangible fixed assets | 22/27 | €2,848 | €3,797 | +€949 | +33.3% |
| Furniture and vehicles | 24 | €2,848 | €3,797 | +€949 | +33.3% |
| Financial fixed assets | 28 | €3,611 | €3,611 | = | 0.0% |
| Current assets | 29/58 | €484,171 | €470,415 | -€13,756 | -2.8% |
| Amounts receivable within one year | 40/41 | €321,199 | €274,453 | -€46,746 | -14.6% |
| Trade receivables | 40 | €311,735 | €265,152 | -€46,583 | -14.9% |
| Other amounts receivable | 41 | €9,465 | €9,302 | -€163 | -1.7% |
| Cash at bank and in hand | 54/58 | €160,792 | €191,565 | +€30,773 | +19.1% |
| Deferred charges and accrued income | 490/1 | €2,180 | €4,397 | +€2,217 | +101.7% |
| Total equity and liabilities | 10/49 | €490,630 | €477,823 | -€12,807 | -2.6% |
| Equity | 10/15 | €331,702 | €332,760 | +€1,057 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €323,642 | €324,700 | +€1,057 | +0.3% |
| Amounts payable | 17/49 | €158,927 | €145,063 | -€13,864 | -8.7% |
| Amounts payable within one year | 42/48 | €123,237 | €145,063 | +€21,825 | +17.7% |
| Trade debts | 44 | €26,830 | €60,499 | +€33,669 | +125.5% |
| Suppliers | 440/4 | €26,830 | €60,499 | +€33,669 | +125.5% |
| Taxes, remuneration and social security | 45 | €96,408 | €84,564 | -€11,844 | -12.3% |
| Taxes | 450/3 | €8,237 | €4,688 | -€3,549 | -43.1% |
| Remuneration and social security | 454/9 | €88,171 | €79,876 | -€8,295 | -9.4% |
| Accrued charges and deferred income | 492/3 | €35,690 | - | -€35,690 | |
| Remuneration, social security and pensions | 62 | €549,675 | €621,398 | +€71,723 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,181 | €2,204 | +€1,023 | +86.7% |
| Other operating charges | 640/8 | €4,504 | €3,303 | -€1,201 | -26.7% |
| Gross operating margin | 9900 | €621,400 | €687,761 | +€66,361 | +10.7% |
| Operating profit (loss) | 9901 | €66,041 | €60,856 | -€5,185 | -7.9% |
| Financial charges | 65/66B | €4,785 | €3,377 | -€1,408 | -29.4% |
| Recurring financial charges | 65 | €4,785 | €3,377 | -€1,408 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €61,256 | €57,480 | -€3,776 | -6.2% |
| Transfer to deferred taxes | 680 | €57,976 | €52,902 | -€5,074 | -8.8% |
| Income taxes | 67/77 | €1,248 | €3,520 | +€2,272 | +182.0% |
| Profit (loss) for the period | 9904 | €2,031 | €1,057 | -€974 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,031 | €1,057 | -€974 | -47.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2023 and 31 July 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.