SWATI GROUP: 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 GROUP
Largest movements
- Receivables within one year +€65,354
up €65,354 (+1,244%), from €5,255 to €70,609
of which Trade receivables: +€64,667
- Stocks and contracts -€35,100
down €35,100 (-63.5%), from €55,300 to €20,200
- Deferred charges and accrued income +€33,835
up €33,835 (+2,976%), from €1,137 to €34,972
- Cash -€18,661
down €18,661 (-10.7%), from €174,470 to €155,810
mainly Receivables within one year (-€65,354) and Trade debts (-€64,264)
- Tangible fixed assets -€3,677
down €3,677 (-11.0%), from €33,499 to €29,822
of which Furniture and vehicles: -€4,971
- Profit (loss) carried forward +€80,952
up €80,952 (+1,577%), from €5,132 to €86,084
- Trade debts -€64,264
down €64,264 (-30.0%), from €214,016 to €149,752
- Tax, wage and social debts +€22,564
up €22,564 (+35.0%), from €64,515 to €87,079
of which Taxes: +€21,529
- Gross operating margin +€81,238
up €81,238 (+65.4%), from €124,218 to €205,456
- Taxes +€19,743
up €19,743 (+2,727%), from €724 to €20,467
- Staff costs -€16,819
down €16,819 (-17.7%), from €95,031 to €78,212
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 | €291,853 | €331,105 | +€39,252 | +13.4% |
| Fixed assets | 21/28 | €55,690 | €49,513 | -€6,177 | -11.1% |
| Intangible fixed assets | 21 | €22,192 | €19,692 | -€2,500 | -11.3% |
| Tangible fixed assets | 22/27 | €33,499 | €29,822 | -€3,677 | -11.0% |
| Furniture and vehicles | 24 | €18,660 | €13,689 | -€4,971 | -26.6% |
| Other tangible fixed assets | 26 | €14,839 | €16,133 | +€1,294 | +8.7% |
| Current assets | 29/58 | €236,162 | €281,591 | +€45,429 | +19.2% |
| Stocks and contracts in progress | 3 | €55,300 | €20,200 | -€35,100 | -63.5% |
| Stocks | 30/36 | €55,300 | €20,200 | -€35,100 | -63.5% |
| Amounts receivable within one year | 40/41 | €5,255 | €70,609 | +€65,354 | +1,244% |
| Trade receivables | 40 | €5,255 | €69,922 | +€64,667 | +1,231% |
| Other amounts receivable | 41 | - | €688 | +€688 | |
| Cash at bank and in hand | 54/58 | €174,470 | €155,810 | -€18,661 | -10.7% |
| Deferred charges and accrued income | 490/1 | €1,137 | €34,972 | +€33,835 | +2,976% |
| Total equity and liabilities | 10/49 | €291,853 | €331,105 | +€39,252 | +13.4% |
| Equity | 10/15 | €10,132 | €91,084 | +€80,952 | +799% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,132 | €86,084 | +€80,952 | +1,577% |
| Amounts payable | 17/49 | €281,721 | €240,020 | -€41,700 | -14.8% |
| Amounts payable within one year | 42/48 | €281,721 | €240,020 | -€41,700 | -14.8% |
| Trade debts | 44 | €214,016 | €149,752 | -€64,264 | -30.0% |
| Suppliers | 440/4 | €214,016 | €149,752 | -€64,264 | -30.0% |
| Taxes, remuneration and social security | 45 | €64,515 | €87,079 | +€22,564 | +35.0% |
| Taxes | 450/3 | €48,532 | €70,060 | +€21,529 | +44.4% |
| Remuneration and social security | 454/9 | €15,984 | €17,019 | +€1,035 | +6.5% |
| Other amounts payable | 47/48 | €3,189 | €3,189 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €95,031 | €78,212 | -€16,819 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,012 | €9,277 | +€265 | +2.9% |
| Other operating charges | 640/8 | €11,206 | €11,571 | +€365 | +3.3% |
| Non-recurring operating charges | 66A | - | €53 | +€53 | |
| Gross operating margin | 9900 | €124,218 | €205,456 | +€81,238 | +65.4% |
| Operating profit (loss) | 9901 | €8,968 | €106,342 | +€97,374 | +1,086% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €6,085 | €4,923 | -€1,162 | -19.1% |
| Recurring financial charges | 65 | €6,085 | €4,923 | -€1,162 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €2,898 | €101,419 | +€98,521 | +3,399% |
| Income taxes | 67/77 | €724 | €20,467 | +€19,743 | +2,727% |
| Profit (loss) for the period | 9904 | €2,174 | €80,952 | +€78,778 | +3,623% |
| Profit (loss) for the period to be appropriated | 9905 | €2,174 | €80,952 | +€78,778 | +3,623% |
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.