SWATI GEMS: 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.
SWATI GEMS
Largest movements
- Current investments -€1.4m
down €1.4m (-75.0%), from €1.8m to €462,321
- Receivables within one year +€603,692
up €603,692 (+17.5%), from €3.5m to €4.1m
of which Trade receivables: +€599,114
- Cash +€277,460
up €277,460 (+43.8%), from €632,789 to €910,249
mainly Current investments (+€1.4m) and Other debts (+€488,709)
- Stocks and contracts +€196,589
up €196,589 (+7.5%), from €2.6m to €2.8m
- Trade debts -€714,133
down €714,133 (-83.5%), from €854,788 to €140,655
- Other debts +€488,709
up €488,709 (+28.3%), from €1.7m to €2.2m
- Profit (loss) carried forward -€86,747
down €86,747 (-2.9%), from €3.0m to €2.9m
- Financial income +€111,798
up €111,798 (+1,351%), from €8,273 to €120,070
- Gross operating margin +€52,564
up €52,564 (+24.6%), from -€213,302 to -€160,738
- Taxes +€27,405
up €27,405 (+325%), from €8,427 to €35,832
- Financial charges -€17,274
down €17,274 (-82.4%), from €20,971 to €3,697
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 | €8,592,845 | €8,280,394 | -€312,451 | -3.6% |
| Fixed assets | 21/28 | €29,583 | €27,038 | -€2,546 | -8.6% |
| Tangible fixed assets | 22/27 | €29,188 | €26,643 | -€2,546 | -8.7% |
| Land and buildings | 22 | €29,188 | €26,643 | -€2,546 | -8.7% |
| Financial fixed assets | 28 | €395 | €395 | = | 0.0% |
| Current assets | 29/58 | €8,563,262 | €8,253,356 | -€309,905 | -3.6% |
| Stocks and contracts in progress | 3 | €2,623,790 | €2,820,380 | +€196,589 | +7.5% |
| Stocks | 30/36 | €2,623,790 | €2,820,380 | +€196,589 | +7.5% |
| Amounts receivable within one year | 40/41 | €3,456,715 | €4,060,407 | +€603,692 | +17.5% |
| Trade receivables | 40 | €3,455,515 | €4,054,628 | +€599,114 | +17.3% |
| Other amounts receivable | 41 | €1,200 | €5,779 | +€4,579 | +382% |
| Current investments | 50/53 | €1,849,968 | €462,321 | -€1.4m | -75.0% |
| Cash at bank and in hand | 54/58 | €632,789 | €910,249 | +€277,460 | +43.8% |
| Total equity and liabilities | 10/49 | €8,592,845 | €8,280,394 | -€312,451 | -3.6% |
| Equity | 10/15 | €6,006,033 | €5,919,286 | -€86,747 | -1.4% |
| Contributions | 10/11 | €318,171 | €318,171 | = | 0.0% |
| Reserves | 13 | €2,666,817 | €2,666,817 | = | 0.0% |
| Distributable reserves | 133 | €2,666,817 | €2,666,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,021,045 | €2,934,298 | -€86,747 | -2.9% |
| Amounts payable | 17/49 | €2,586,812 | €2,361,108 | -€225,704 | -8.7% |
| Amounts payable within one year | 42/48 | €2,586,812 | €2,361,108 | -€225,704 | -8.7% |
| Trade debts | 44 | €854,788 | €140,655 | -€714,133 | -83.5% |
| Suppliers | 440/4 | €854,788 | €140,655 | -€714,133 | -83.5% |
| Taxes, remuneration and social security | 45 | €2,780 | €2,500 | -€280 | -10.1% |
| Taxes | 450/3 | €2,780 | €2,500 | -€280 | -10.1% |
| Other amounts payable | 47/48 | €1,729,244 | €2,217,953 | +€488,709 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,885 | €2,546 | -€339 | -11.8% |
| Other operating charges | 640/8 | €4,081 | €4,004 | -€77 | -1.9% |
| Gross operating margin | 9900 | -€213,302 | -€160,738 | +€52,564 | +24.6% |
| Operating profit (loss) | 9901 | -€220,268 | -€167,288 | +€52,980 | +24.1% |
| Financial income | 75/76B | €8,273 | €120,070 | +€111,798 | +1,351% |
| Recurring financial income | 75 | €8,273 | €120,070 | +€111,798 | +1,351% |
| Financial charges | 65/66B | €20,971 | €3,697 | -€17,274 | -82.4% |
| Recurring financial charges | 65 | €20,971 | €3,697 | -€17,274 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | -€232,966 | -€50,915 | +€182,052 | +78.1% |
| Income taxes | 67/77 | €8,427 | €35,832 | +€27,405 | +325% |
| Profit (loss) for the period | 9904 | -€241,393 | -€86,747 | +€154,647 | +64.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€241,393 | -€86,747 | +€154,647 | +64.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.