SWAN ESTATE: 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.
SWAN ESTATE
Largest movements
- Stocks and contracts +€49,585
up €49,585 (+6.6%), from €748,806 to €798,392
- Other debts +€54,200
up €54,200 (+28.2%), from €192,000 to €246,200
- Profit (loss) carried forward -€14,948
down €14,948 (-301%), from -€4,968 to -€19,916
- Financial charges +€14,225
up €14,225 (+184%), from €7,731 to €21,956
- Gross operating margin +€4,260
up €4,260 (+135%), from €3,157 to €7,417
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.
Derived cash bridge
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 | €754,634 | €800,878 | +€46,244 | +6.1% |
| Current assets | 29/58 | €754,634 | €800,878 | +€46,244 | +6.1% |
| Stocks and contracts in progress | 3 | €748,806 | €798,392 | +€49,585 | +6.6% |
| Stocks | 30/36 | €748,806 | €798,392 | +€49,585 | +6.6% |
| Amounts receivable within one year | 40/41 | €5,314 | €1,628 | -€3,686 | -69.4% |
| Other amounts receivable | 41 | €5,314 | €1,628 | -€3,686 | -69.4% |
| Cash at bank and in hand | 54/58 | - | €336 | +€336 | |
| Deferred charges and accrued income | 490/1 | €514 | €523 | +€9 | +1.7% |
| Total equity and liabilities | 10/49 | €754,634 | €800,878 | +€46,244 | +6.1% |
| Equity | 10/15 | €15,032 | €84 | -€14,948 | -99.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,968 | -€19,916 | -€14,948 | -301% |
| Amounts payable | 17/49 | €739,602 | €800,794 | +€61,192 | +8.3% |
| Amounts payable within one year | 42/48 | €739,602 | €800,794 | +€61,192 | +8.3% |
| Financial debts | 43 | €545,164 | €550,000 | +€4,836 | +0.9% |
| Credit institutions | 430/8 | €545,164 | €550,000 | +€4,836 | +0.9% |
| Trade debts | 44 | €2,438 | €4,594 | +€2,156 | +88.4% |
| Suppliers | 440/4 | €2,438 | €4,594 | +€2,156 | +88.4% |
| Other amounts payable | 47/48 | €192,000 | €246,200 | +€54,200 | +28.2% |
| Other operating charges | 640/8 | €395 | €410 | +€15 | +3.7% |
| Gross operating margin | 9900 | €3,157 | €7,417 | +€4,260 | +135% |
| Operating profit (loss) | 9901 | €2,763 | €7,008 | +€4,245 | +154% |
| Financial charges | 65/66B | €7,731 | €21,956 | +€14,225 | +184% |
| Recurring financial charges | 65 | €7,731 | €21,956 | +€14,225 | +184% |
| Profit (loss) for the period before taxes | 9903 | -€4,968 | -€14,948 | -€9,980 | -201% |
| Profit (loss) for the period | 9904 | -€4,968 | -€14,948 | -€9,980 | -201% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,968 | -€14,948 | -€9,980 | -201% |
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 21 October 2026 via checked.be.