SWAN CONSULTING: 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.
SWAN CONSULTING
Largest movements
- Cash +€153,012
up €153,012 (+96.4%), from €158,731 to €311,743
mainly Net result for the year (+€121,470) and Tax, wage and social debts (+€23,951)
- Receivables within one year +€17,300
up €17,300, from €0 to €17,300
of which Trade receivables: +€17,300
- Tangible fixed assets -€5,000
down €5,000 (-66.7%), from €7,500 to €2,500
- Reserves +€121,470
up €121,470 (+97.0%), from €125,271 to €246,740
- Tax, wage and social debts +€23,951
up €23,951 (+111.1%), from €21,559 to €45,510
- Trade debts +€20,964
up €20,964 (+1828.5%), from €1,146 to €22,110
- Gross operating margin +€27,866
up €27,866 (+20.9%), from €133,577 to €161,443
- Taxes -€1,771
down €1,771 (-4.9%), from €36,501 to €34,729
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 | €166,590 | €331,915 | +€165,325 | +99.2% |
| Fixed assets | 21/28 | €7,500 | €2,500 | -€5,000 | -66.7% |
| Tangible fixed assets | 22/27 | €7,500 | €2,500 | -€5,000 | -66.7% |
| Furniture and vehicles | 24 | €7,500 | €2,500 | -€5,000 | -66.7% |
| Current assets | 29/58 | €159,090 | €329,415 | +€170,325 | +107.1% |
| Amounts receivable within one year | 40/41 | €0 | €17,300 | +€17,300 | |
| Trade receivables | 40 | - | €17,300 | +€17,300 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €158,731 | €311,743 | +€153,012 | +96.4% |
| Deferred charges and accrued income | 490/1 | €359 | €372 | +€13 | +3.6% |
| Total equity and liabilities | 10/49 | €166,590 | €331,915 | +€165,325 | +99.2% |
| Equity | 10/15 | €128,271 | €249,740 | +€121,470 | +94.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €125,271 | €246,740 | +€121,470 | +97.0% |
| Distributable reserves | 133 | €125,271 | €246,740 | +€121,470 | +97.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €38,319 | €82,175 | +€43,855 | +114.4% |
| Amounts payable within one year | 42/48 | €38,319 | €82,175 | +€43,855 | +114.4% |
| Trade debts | 44 | €1,146 | €22,110 | +€20,964 | +1828.5% |
| Suppliers | 440/4 | €1,146 | €22,110 | +€20,964 | +1828.5% |
| Taxes, remuneration and social security | 45 | €21,559 | €45,510 | +€23,951 | +111.1% |
| Taxes | 450/3 | €21,559 | €45,510 | +€23,951 | +111.1% |
| Other amounts payable | 47/48 | €15,614 | €14,554 | -€1,060 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,000 | €5,000 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,078 | €204 | -€874 | -81.1% |
| Gross operating margin | 9900 | €133,577 | €161,443 | +€27,866 | +20.9% |
| Operating profit (loss) | 9901 | €127,499 | €156,239 | +€28,740 | +22.5% |
| Financial charges | 65/66B | €44 | €40 | -€3 | -7.1% |
| Recurring financial charges | 65 | €44 | €40 | -€3 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €127,455 | €156,199 | +€28,743 | +22.6% |
| Income taxes | 67/77 | €36,501 | €34,729 | -€1,771 | -4.9% |
| Profit (loss) for the period | 9904 | €90,955 | €121,470 | +€30,515 | +33.5% |
| Profit (loss) for the period to be appropriated | 9905 | €90,955 | €121,470 | +€30,515 | +33.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.