SWE Consulting: 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.
SWE Consulting
Largest movements
- Receivables within one year -€55,659
down €55,659 (-94.4%), from €58,983 to €3,324
of which Trade receivables: -€58,389
- Cash -€24,521
down €24,521 (-43.9%), from €55,801 to €31,280
mainly Contributions, distributions and other (-€113,824) and Other debts (-€40,775)
- Tangible fixed assets -€3,341
down €3,341 (-79.3%), from €4,213 to €871
- Other debts -€40,775
down €40,775 (-99.5%), from €41,001 to €225
- Tax, wage and social debts -€37,425
down €37,425 (-92.2%), from €40,575 to €3,150
- Profit (loss) carried forward -€6,691
down €6,691 (-7.7%), from €86,778 to €80,087
- Gross operating margin -€22,412
down €22,412 (-13.5%), from €166,614 to €144,203
- Taxes -€5,564
down €5,564 (-14.7%), from €37,850 to €32,287
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 | €169,814 | €86,162 | -€83,652 | -49.3% |
| Fixed assets | 21/28 | €4,213 | €871 | -€3,341 | -79.3% |
| Tangible fixed assets | 22/27 | €4,213 | €871 | -€3,341 | -79.3% |
| Furniture and vehicles | 24 | €4,213 | €871 | -€3,341 | -79.3% |
| Current assets | 29/58 | €165,602 | €85,291 | -€80,311 | -48.5% |
| Amounts receivable within one year | 40/41 | €58,983 | €3,324 | -€55,659 | -94.4% |
| Trade receivables | 40 | €58,389 | - | -€58,389 | |
| Other amounts receivable | 41 | €594 | €3,324 | +€2,730 | +460% |
| Current investments | 50/53 | €49,500 | €49,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55,801 | €31,280 | -€24,521 | -43.9% |
| Deferred charges and accrued income | 490/1 | €1,318 | €1,187 | -€131 | -9.9% |
| Total equity and liabilities | 10/49 | €169,814 | €86,162 | -€83,652 | -49.3% |
| Equity | 10/15 | €87,778 | €81,087 | -€6,691 | -7.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,778 | €80,087 | -€6,691 | -7.7% |
| Amounts payable | 17/49 | €82,036 | €5,075 | -€76,961 | -93.8% |
| Amounts payable within one year | 42/48 | €82,036 | €5,075 | -€76,961 | -93.8% |
| Trade debts | 44 | €461 | €1,700 | +€1,239 | +269% |
| Suppliers | 440/4 | €461 | €1,700 | +€1,239 | +269% |
| Taxes, remuneration and social security | 45 | €40,575 | €3,150 | -€37,425 | -92.2% |
| Taxes | 450/3 | €40,575 | €3,150 | -€37,425 | -92.2% |
| Other amounts payable | 47/48 | €41,001 | €225 | -€40,775 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,269 | €3,341 | +€72 | +2.2% |
| Other operating charges | 640/8 | €596 | €1,104 | +€508 | +85.2% |
| Gross operating margin | 9900 | €166,614 | €144,203 | -€22,412 | -13.5% |
| Operating profit (loss) | 9901 | €162,749 | €139,758 | -€22,992 | -14.1% |
| Financial charges | 65/66B | €121 | €338 | +€218 | +180% |
| Recurring financial charges | 65 | €121 | €338 | +€218 | +180% |
| Profit (loss) for the period before taxes | 9903 | €162,628 | €139,419 | -€23,209 | -14.3% |
| Income taxes | 67/77 | €37,850 | €32,287 | -€5,564 | -14.7% |
| Profit (loss) for the period | 9904 | €124,778 | €107,133 | -€17,645 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €124,778 | €107,133 | -€17,645 | -14.1% |
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 20 October 2026 via checked.be.