SWEAGLE: 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.
What changed
SWEAGLE
NACE 62.100, Computer programming
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€592,791
31-12-2024 · €651,806-€59,015
Equity
€24.6m
31-12-2024 · €24.0m+€592,791
Cash
€2.9m
31-12-2024 · €2.5m+€398,121
Balance sheet total
€24.7m
31-12-2024 · €24.3m+€391,748
Largest movements
Assets
- Cash +€398,121
up €398,121 (+15.9%), from €2.5m to €2.9m
mainly Net result for the year (+€592,791) and Receivables within one year (+€6,373)
Equity and liabilities
- Profit (loss) carried forward +€592,791
up €592,791 (+3.0%), from €19.9m to €20.5m
Income statement
- Turnover -€75,154
down €75,154 (-100%), from €75,154 to €0
- Financial income -€63,401
down €63,401 (-7.2%), from €882,424 to €819,023
- Goods and materials -€62,856
down €62,856 (-100%), from €62,856 to €0
- Financial charges -€13,915
down €13,915 (-95.1%), from €14,626 to €711
of which Non-recurring financial charges: -€14,091
- Services and other goods -€5,848
down €5,848 (-59.1%), from €9,898 to €4,050
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
€651,806
Turnover
-€75,154
Goods and materials
+€62,856
Services and other goods
+€5,848
Other operating charges
+€1,125
Financial income
-€63,401
Financial charges
+€13,915
Taxes
-€4,203
Result 31-12-2025
€592,791
raises the resultlowers the result
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€398,121
Investment
€0
Financing
€0
Cash 31-12-2024
€2.5m
From operations (derived)
+€398,121
Net result for the year
+€592,791
Receivables within one year
+€6,373
Trade debts
+€4,049
Smaller working-capital items
+€1,284
Other debts
-€206,375
Cash 31-12-2025
€2.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,298,321 | €24,690,069 | +€391,748 | +1.6% |
| Fixed assets | 21/28 | €30,268 | €30,268 | = | 0.0% |
| Financial fixed assets | 28 | €30,268 | €30,268 | = | 0.0% |
| Affiliated companies | 280/1 | €30,268 | €30,268 | = | 0.0% |
| Participating interests | 280 | €30,268 | €30,268 | = | 0.0% |
| Current assets | 29/58 | €24,268,053 | €24,659,801 | +€391,748 | +1.6% |
| Amounts receivable after more than one year | 29 | €21,573,928 | €21,573,928 | = | 0.0% |
| Trade receivables | 290 | €0 | €21,573,928 | +€21.6m | |
| Other amounts receivable | 291 | €21,573,928 | - | -€21.6m | |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €191,566 | €185,193 | -€6,373 | -3.3% |
| Trade receivables | 40 | €190,816 | €185,193 | -€5,623 | -2.9% |
| Other amounts receivable | 41 | €750 | €0 | -€750 | -100% |
| Cash at bank and in hand | 54/58 | €2,502,559 | €2,900,680 | +€398,121 | +15.9% |
| Total equity and liabilities | 10/49 | €24,298,321 | €24,690,069 | +€391,748 | +1.6% |
| Equity | 10/15 | €24,032,399 | €24,625,190 | +€592,791 | +2.5% |
| Contributions | 10/11 | €3,961,917 | €3,961,917 | = | 0.0% |
| Capital | 10 | €1,223,087 | €1,223,087 | = | 0.0% |
| Issued capital | 100 | €1,223,087 | €1,223,087 | = | 0.0% |
| Contributions outside capital | 11 | €2,738,830 | €2,738,830 | = | 0.0% |
| Share premium | 1100/10 | €2,738,830 | €2,738,830 | = | 0.0% |
| Reserves | 13 | €122,309 | €122,309 | = | 0.0% |
| Non-distributable reserves | 130/1 | €122,309 | €122,309 | = | 0.0% |
| Legal reserve | 130 | €122,309 | €122,309 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,948,173 | €20,540,964 | +€592,791 | +3.0% |
| Amounts payable | 17/49 | €265,922 | €64,879 | -€201,043 | -75.6% |
| Amounts payable within one year | 42/48 | €265,921 | €64,879 | -€201,042 | -75.6% |
| Trade debts | 44 | €8,551 | €12,600 | +€4,049 | +47.3% |
| Suppliers | 440/4 | €8,551 | €12,600 | +€4,049 | +47.3% |
| Taxes, remuneration and social security | 45 | €12,191 | €13,475 | +€1,284 | +10.5% |
| Taxes | 450/3 | €11,828 | €13,475 | +€1,647 | +13.9% |
| Remuneration and social security | 454/9 | €363 | €0 | -€363 | -100% |
| Other amounts payable | 47/48 | €245,179 | €38,804 | -€206,375 | -84.2% |
| Accrued charges and deferred income | 492/3 | €1 | €0 | -€1 | -100% |
| Operating income | 70/76A | €75,154 | €0 | -€75,154 | -100% |
| Turnover | 70 | €75,154 | €0 | -€75,154 | -100% |
| Operating charges | 60/66A | €73,878 | €4,050 | -€69,828 | -94.5% |
| Goods for resale, raw materials and consumables | 60 | €62,856 | €0 | -€62,856 | -100% |
| Purchases | 600/8 | €62,856 | €0 | -€62,856 | -100% |
| Services and other goods | 61 | €9,898 | €4,050 | -€5,848 | -59.1% |
| Other operating charges | 640/8 | €1,125 | €0 | -€1,125 | -100% |
| Operating profit (loss) | 9901 | €1,276 | -€4,050 | -€5,326 | |
| Financial income | 75/76B | €882,424 | €819,023 | -€63,401 | -7.2% |
| Recurring financial income | 75 | €882,424 | €819,023 | -€63,401 | -7.2% |
| Income from current assets | 751 | €49,666 | €47,949 | -€1,718 | -3.5% |
| Other financial income | 752/9 | €832,758 | €771,074 | -€61,683 | -7.4% |
| Financial charges | 65/66B | €14,626 | €711 | -€13,915 | -95.1% |
| Recurring financial charges | 65 | €535 | €711 | +€176 | +32.9% |
| Debt charges | 650 | €10 | €7 | -€3 | -29.3% |
| Other financial charges | 652/9 | €525 | €704 | +€179 | +34.1% |
| Non-recurring financial charges | 66B | €14,091 | €0 | -€14,091 | -100% |
| Profit (loss) for the period before taxes | 9903 | €869,074 | €814,262 | -€54,813 | -6.3% |
| Income taxes | 67/77 | €217,268 | €221,471 | +€4,203 | +1.9% |
| Taxes | 670/3 | €217,268 | €221,471 | +€4,203 | +1.9% |
| Profit (loss) for the period | 9904 | €651,806 | €592,791 | -€59,015 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €651,806 | €592,791 | -€59,015 | -9.1% |
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 17 October 2026 via checked.be.