SWARM INTL: 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.
SWARM INTL
Largest movements
- Cash +€38,883
up €38,883 (+27.5%), from €141,140 to €180,023
mainly Net result for the year (+€21,915) and Trade debts (+€10,291)
- Tangible fixed assets -€3,222
down €3,222 (-42.6%), from €7,567 to €4,345
of which Furniture and vehicles: -€2,503
- Profit (loss) carried forward +€21,915
up €21,915 (+18.1%), from €120,857 to €142,772
- Trade debts +€10,291
up €10,291 (+52.8%), from €19,479 to €29,770
- Tax, wage and social debts +€2,797
up €2,797 (+10.4%), from €26,884 to €29,681
of which Taxes: +€2,797
- Gross operating margin -€17,082
down €17,082 (-33.7%), from €50,650 to €33,567
- Taxes -€2,748
down €2,748 (-25.0%), from €11,010 to €8,261
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 | €171,869 | €207,367 | +€35,498 | +20.7% |
| Fixed assets | 21/28 | €7,567 | €4,345 | -€3,222 | -42.6% |
| Tangible fixed assets | 22/27 | €7,567 | €4,345 | -€3,222 | -42.6% |
| Land and buildings | 22 | €1,539 | €1,354 | -€185 | -12.0% |
| Plant, machinery and equipment | 23 | €1,710 | €1,176 | -€534 | -31.2% |
| Furniture and vehicles | 24 | €4,318 | €1,814 | -€2,503 | -58.0% |
| Current assets | 29/58 | €164,302 | €203,022 | +€38,720 | +23.6% |
| Amounts receivable within one year | 40/41 | €22,990 | €22,999 | +€9 | 0.0% |
| Trade receivables | 40 | €22,990 | €22,990 | = | 0.0% |
| Other amounts receivable | 41 | - | €9 | +€9 | |
| Cash at bank and in hand | 54/58 | €141,140 | €180,023 | +€38,883 | +27.5% |
| Deferred charges and accrued income | 490/1 | €173 | €0 | -€173 | -100% |
| Total equity and liabilities | 10/49 | €171,869 | €207,367 | +€35,498 | +20.7% |
| Equity | 10/15 | €123,357 | €145,272 | +€21,915 | +17.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,857 | €142,772 | +€21,915 | +18.1% |
| Amounts payable | 17/49 | €48,512 | €62,095 | +€13,583 | +28.0% |
| Amounts payable within one year | 42/48 | €48,512 | €62,095 | +€13,583 | +28.0% |
| Trade debts | 44 | €19,479 | €29,770 | +€10,291 | +52.8% |
| Suppliers | 440/4 | €19,479 | €29,770 | +€10,291 | +52.8% |
| Taxes, remuneration and social security | 45 | €26,884 | €29,681 | +€2,797 | +10.4% |
| Taxes | 450/3 | €24,106 | €26,903 | +€2,797 | +11.6% |
| Remuneration and social security | 454/9 | €2,778 | €2,778 | = | 0.0% |
| Other amounts payable | 47/48 | €2,149 | €2,644 | +€495 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,465 | €3,222 | -€243 | -7.0% |
| Other operating charges | 640/8 | €100 | €27 | -€73 | -73.1% |
| Gross operating margin | 9900 | €50,650 | €33,567 | -€17,082 | -33.7% |
| Operating profit (loss) | 9901 | €47,084 | €30,318 | -€16,766 | -35.6% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €100 | €142 | +€42 | +42.1% |
| Recurring financial charges | 65 | €100 | €142 | +€42 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | €46,987 | €30,176 | -€16,810 | -35.8% |
| Income taxes | 67/77 | €11,010 | €8,261 | -€2,748 | -25.0% |
| Profit (loss) for the period | 9904 | €35,977 | €21,915 | -€14,062 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,977 | €21,915 | -€14,062 | -39.1% |
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 15 October 2026 via checked.be.