SWCK: what changed
Two fiscal 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.
SWCK
Largest movements
- Cash +€85,303
up €85,303 (+91.7%), from €93,021 to €178,325
mainly Net result for the year (+€63,979) and Tax, wage and social debts (+€16,046)
- Tangible fixed assets +€11,356
up €11,356 (+254.1%), from €4,469 to €15,825
- Receivables within one year -€6,812
down €6,812 (-30.8%), from €22,090 to €15,278
of which Trade receivables: -€6,434
- Profit (loss) carried forward +€63,979
up €63,979 (+66.3%), from €96,479 to €160,457
- Tax, wage and social debts +€16,046
up €16,046 (+82.8%), from €19,370 to €35,416
- Trade debts +€10,905
up €10,905 (+863.4%), from €1,263 to €12,168
- Gross operating margin +€10,356
up €10,356 (+13.7%), from €75,622 to €85,977
- Taxes +€1,795
up €1,795 (+12.3%), from €14,653 to €16,448
- Financial charges +€1,317
up €1,317 (+70.1%), from €1,879 to €3,196
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 | €120,180 | €209,884 | +€89,704 | +74.6% |
| Fixed assets | 21/28 | €4,469 | €15,825 | +€11,356 | +254.1% |
| Tangible fixed assets | 22/27 | €4,469 | €15,825 | +€11,356 | +254.1% |
| Plant, machinery and equipment | 23 | €4,469 | €15,825 | +€11,356 | +254.1% |
| Current assets | 29/58 | €115,711 | €194,059 | +€78,349 | +67.7% |
| Amounts receivable within one year | 40/41 | €22,090 | €15,278 | -€6,812 | -30.8% |
| Trade receivables | 40 | €21,712 | €15,278 | -€6,434 | -29.6% |
| Other amounts receivable | 41 | €378 | - | -€378 | |
| Cash at bank and in hand | 54/58 | €93,021 | €178,325 | +€85,303 | +91.7% |
| Deferred charges and accrued income | 490/1 | €599 | €457 | -€142 | -23.8% |
| Total equity and liabilities | 10/49 | €120,180 | €209,884 | +€89,704 | +74.6% |
| Equity | 10/15 | €97,979 | €161,957 | +€63,979 | +65.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,479 | €160,457 | +€63,979 | +66.3% |
| Amounts payable | 17/49 | €22,201 | €47,927 | +€25,725 | +115.9% |
| Amounts payable after more than one year | 17 | - | €323 | +€323 | |
| Other amounts payable | 178/9 | - | €323 | +€323 | |
| Amounts payable within one year | 42/48 | €22,201 | €47,604 | +€25,403 | +114.4% |
| Financial debts | 43 | €402 | €19 | -€383 | -95.3% |
| Credit institutions | 430/8 | €402 | €19 | -€383 | -95.3% |
| Trade debts | 44 | €1,263 | €12,168 | +€10,905 | +863.4% |
| Suppliers | 440/4 | €1,263 | €12,168 | +€10,905 | +863.4% |
| Taxes, remuneration and social security | 45 | €19,370 | €35,416 | +€16,046 | +82.8% |
| Taxes | 450/3 | €19,370 | €35,416 | +€16,046 | +82.8% |
| Other amounts payable | 47/48 | €1,166 | - | -€1,166 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,246 | €1,855 | +€609 | +48.9% |
| Other operating charges | 640/8 | €653 | €531 | -€121 | -18.6% |
| Gross operating margin | 9900 | €75,622 | €85,977 | +€10,356 | +13.7% |
| Operating profit (loss) | 9901 | €73,723 | €83,591 | +€9,868 | +13.4% |
| Financial income | 75/76B | €12 | €32 | +€20 | +159.7% |
| Recurring financial income | 75 | €12 | €32 | +€20 | +159.7% |
| Financial charges | 65/66B | €1,879 | €3,196 | +€1,317 | +70.1% |
| Recurring financial charges | 65 | €1,879 | €3,196 | +€1,317 | +70.1% |
| Profit (loss) for the period before taxes | 9903 | €71,856 | €80,426 | +€8,571 | +11.9% |
| Income taxes | 67/77 | €14,653 | €16,448 | +€1,795 | +12.3% |
| Profit (loss) for the period | 9904 | €57,203 | €63,979 | +€6,776 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €57,203 | €63,979 | +€6,776 | +11.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.