SWANCILS: 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.
SWANCILS
Largest movements
- Stocks and contracts +€9,657
up €9,657 (+802.5%), from €1,203 to €10,861
- Tangible fixed assets -€1,806
down €1,806 (-11.9%), from €15,225 to €13,419
of which Plant, machinery and equipment: -€1,500
- Cash -€450
down €450 (-92.1%), from €488 to €38
mainly Stocks and contracts (-€9,657) and Trade debts (-€581)
- Profit (loss) carried forward +€5,170
up €5,170 (+18.7%), from -€27,589 to -€22,418
- Other debts +€1,956
up €1,956 (+4.8%), from €41,030 to €42,985
- Tax, wage and social debts +€701
new in 2025: €701
- Trade debts -€581
down €581 (-32.5%), from €1,785 to €1,204
- Gross operating margin +€27,899
up €27,899, from -€20,691 to €7,207
- Purchases and services -€23,385
down €23,385 (-68.6%), from €34,081 to €10,696
- Turnover +€4,513
up €4,513 (+33.7%), from €13,389 to €17,903
- Other operating charges -€1,250
no longer reported in 2025 (was €1,250)
- Taxes -€500
no longer reported in 2025 (was €500)
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 | €17,226 | €24,473 | +€7,246 | +42.1% |
| Fixed assets | 21/28 | €15,375 | €13,569 | -€1,806 | -11.7% |
| Tangible fixed assets | 22/27 | €15,225 | €13,419 | -€1,806 | -11.9% |
| Plant, machinery and equipment | 23 | €13,348 | €11,848 | -€1,500 | -11.2% |
| Furniture and vehicles | 24 | €580 | €420 | -€160 | -27.6% |
| Other tangible fixed assets | 26 | €1,298 | €1,152 | -€146 | -11.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €1,851 | €10,903 | +€9,052 | +489.1% |
| Stocks and contracts in progress | 3 | €1,203 | €10,861 | +€9,657 | +802.5% |
| Stocks | 30/36 | €1,203 | €10,861 | +€9,657 | +802.5% |
| Amounts receivable within one year | 40/41 | €159 | €4 | -€155 | -97.5% |
| Trade receivables | 40 | - | €4 | +€4 | |
| Other amounts receivable | 41 | €159 | - | -€159 | |
| Cash at bank and in hand | 54/58 | €488 | €38 | -€450 | -92.1% |
| Total equity and liabilities | 10/49 | €17,226 | €24,473 | +€7,246 | +42.1% |
| Equity | 10/15 | -€25,589 | -€20,418 | +€5,170 | +20.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,589 | -€22,418 | +€5,170 | +18.7% |
| Amounts payable | 17/49 | €42,815 | €44,891 | +€2,076 | +4.8% |
| Amounts payable within one year | 42/48 | €42,815 | €44,891 | +€2,076 | +4.8% |
| Trade debts | 44 | €1,785 | €1,204 | -€581 | -32.5% |
| Suppliers | 440/4 | €1,785 | €1,204 | -€581 | -32.5% |
| Taxes, remuneration and social security | 45 | - | €701 | +€701 | |
| Taxes | 450/3 | - | €701 | +€701 | |
| Other amounts payable | 47/48 | €41,030 | €42,985 | +€1,956 | +4.8% |
| Turnover | 70 | €13,389 | €17,903 | +€4,513 | +33.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €34,081 | €10,696 | -€23,385 | -68.6% |
| Remuneration, social security and pensions | 62 | €348 | - | -€348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,034 | €1,806 | -€228 | -11.2% |
| Other operating charges | 640/8 | €1,250 | - | -€1,250 | |
| Gross operating margin | 9900 | -€20,691 | €7,207 | +€27,899 | |
| Operating profit (loss) | 9901 | -€24,323 | €5,401 | +€29,725 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €296 | €231 | -€65 | -22.0% |
| Recurring financial charges | 65 | €296 | €231 | -€65 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,619 | €5,170 | +€29,790 | |
| Income taxes | 67/77 | €500 | - | -€500 | |
| Profit (loss) for the period | 9904 | -€25,119 | €5,170 | +€30,290 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,119 | €5,170 | +€30,290 |
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 11 October 2026 via checked.be.