SWAPPERZ: what changed
What changed
SWAPPERZ
NACE 55.209, Other holiday and short-stay accommodation
filed annual accounts (NBB)
Net result for the year
€9,263
2024 · €27,529-€18,266
Equity
-€39,234
2024 · -€48,497+€9,263
Cash
€14,645
2024 · €19,657-€5,012
Balance sheet total
€2.7m
2024 · €2.3m+€365,745
Largest movements
Assets
- Receivables within one year +€462,403
up €462,403 (+90.1%), from €513,355 to €975,758
of which Trade receivables: +€347,167
- Tangible fixed assets -€91,026
down €91,026 (-14.4%), from €634,213 to €543,187
of which Land and buildings: -€74,639
Equity and liabilities
- Trade debts +€418,558
up €418,558 (+122%), from €342,084 to €760,642
- Debts after one year -€375,475
down €375,475 (-44.5%), from €844,659 to €469,184
- Current portion of long-term debt +€232,513
up €232,513 (+137%), from €169,394 to €401,907
- Other debts +€62,697
up €62,697 (+6.5%), from €971,640 to €1.0m
Income statement
- Gross operating margin -€10,696
down €10,696 (-3.2%), from €335,014 to €324,318
- Depreciation +€4,994
up €4,994 (+5.2%), from €96,486 to €101,480
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€27,529
Gross operating margin
-€10,696
Staff costs
+€679
Depreciation
-€4,994
Other operating charges
-€1,692
Financial income
-€210
Financial charges
-€1,352
Result 2025
€9,263
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€148,404
Investment
-€10,455
Financing
-€142,961
Cash 2024
€19,657
From operations (derived)
+€148,404
Net result for the year
+€9,263
Depreciation
+€101,480
Receivables within one year
-€462,403
Smaller working-capital items
-€317
Trade debts
+€418,558
Tax, wage and social debts
+€9,759
Advances received
+€9,367
Other debts
+€62,697
Investment (derived)
-€10,455
Investment in fixed assets (net)
-€10,455
Financing
-€142,961
Debts after one year
-€375,475
Current portion of long-term debt
+€232,513
Cash 2025
€14,645
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,309,349 | €2,675,094 | +€365,745 | +15.8% |
| Fixed assets | 21/28 | €1,774,614 | €1,683,588 | -€91,026 | -5.1% |
| Tangible fixed assets | 22/27 | €634,213 | €543,187 | -€91,026 | -14.4% |
| Land and buildings | 22 | €535,051 | €460,413 | -€74,639 | -13.9% |
| Plant, machinery and equipment | 23 | €53,605 | €47,417 | -€6,188 | -11.5% |
| Furniture and vehicles | 24 | €45,557 | €35,357 | -€10,199 | -22.4% |
| Financial fixed assets | 28 | €1,140,401 | €1,140,401 | = | 0.0% |
| Current assets | 29/58 | €534,735 | €991,506 | +€456,771 | +85.4% |
| Amounts receivable within one year | 40/41 | €513,355 | €975,758 | +€462,403 | +90.1% |
| Trade receivables | 40 | €257,338 | €604,505 | +€347,167 | +135% |
| Other amounts receivable | 41 | €256,017 | €371,253 | +€115,236 | +45.0% |
| Cash at bank and in hand | 54/58 | €19,657 | €14,645 | -€5,012 | -25.5% |
| Deferred charges and accrued income | 490/1 | €1,724 | €1,103 | -€620 | -36.0% |
| Total equity and liabilities | 10/49 | €2,309,349 | €2,675,094 | +€365,745 | +15.8% |
| Equity | 10/15 | -€48,497 | -€39,234 | +€9,263 | +19.1% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€167,097 | -€157,834 | +€9,263 | +5.5% |
| Amounts payable | 17/49 | €2,357,845 | €2,714,327 | +€356,482 | +15.1% |
| Amounts payable after more than one year | 17 | €844,659 | €469,184 | -€375,475 | -44.5% |
| Financial debts | 170/4 | €844,659 | €469,184 | -€375,475 | -44.5% |
| Amounts payable within one year | 42/48 | €1,509,145 | €2,242,040 | +€732,895 | +48.6% |
| Current portion of amounts payable after more than one year | 42 | €169,394 | €401,907 | +€232,513 | +137% |
| Trade debts | 44 | €342,084 | €760,642 | +€418,558 | +122% |
| Suppliers | 440/4 | €342,084 | €760,642 | +€418,558 | +122% |
| Advances received on contracts in progress | 46 | €2,070 | €11,437 | +€9,367 | +453% |
| Taxes, remuneration and social security | 45 | €23,958 | €33,718 | +€9,759 | +40.7% |
| Taxes | 450/3 | €6,260 | €5,568 | -€691 | -11.0% |
| Remuneration and social security | 454/9 | €17,699 | €28,149 | +€10,450 | +59.0% |
| Other amounts payable | 47/48 | €971,640 | €1,034,336 | +€62,697 | +6.5% |
| Accrued charges and deferred income | 492/3 | €4,041 | €3,103 | -€938 | -23.2% |
| Remuneration, social security and pensions | 62 | €168,542 | €167,864 | -€679 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,486 | €101,480 | +€4,994 | +5.2% |
| Other operating charges | 640/8 | €5,072 | €6,764 | +€1,692 | +33.4% |
| Gross operating margin | 9900 | €335,014 | €324,318 | -€10,696 | -3.2% |
| Operating profit (loss) | 9901 | €64,913 | €48,210 | -€16,703 | -25.7% |
| Financial income | 75/76B | €210 | €0 | -€210 | -100% |
| Recurring financial income | 75 | €210 | €0 | -€210 | -100% |
| Financial charges | 65/66B | €37,595 | €38,947 | +€1,352 | +3.6% |
| Recurring financial charges | 65 | €37,595 | €38,947 | +€1,352 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €27,529 | €9,263 | -€18,266 | -66.4% |
| Profit (loss) for the period | 9904 | €27,529 | €9,263 | -€18,266 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,529 | €9,263 | -€18,266 | -66.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.