SWECON: 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.
SWECON
Largest movements
- Receivables within one year -€8,833
down €8,833 (-32.9%), from €26,886 to €18,053
of which Trade receivables: -€8,829
- Cash -€5,664
down €5,664 (-82.6%), from €6,856 to €1,191
mainly Investment in fixed assets (net) (-€5,703) and Other debts (-€5,396)
- Tangible fixed assets +€4,950
new in 2026: €4,950
of which Furniture and vehicles: +€2,895
- Deferred charges and accrued income -€2,966
down €2,966 (-70.5%), from €4,206 to €1,240
- Stocks and contracts -€1,540
down €1,540 (-25.0%), from €6,152 to €4,611
- Other debts -€5,396
down €5,396 (-100%), from €5,396 to €0
- Tax, wage and social debts -€4,477
down €4,477 (-27.7%), from €16,147 to €11,671
of which Remuneration and social security: -€9,193
- Trade debts -€3,889
down €3,889 (-29.0%), from €13,392 to €9,503
- Gross operating margin -€4,482
down €4,482 (-41.8%), from €10,718 to €6,236
- Financial charges +€2,057
up €2,057 (+984%), from €209 to €2,266
- Depreciation +€753
new in 2026: €753
- Taxes +€392
up €392 (+15.3%), from €2,555 to €2,947
- Other operating charges +€352
new in 2026: €352
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,099 | €30,045 | -€14,054 | -31.9% |
| Fixed assets | 21/28 | - | €4,950 | +€4,950 | |
| Tangible fixed assets | 22/27 | - | €4,950 | +€4,950 | |
| Plant, machinery and equipment | 23 | - | €2,055 | +€2,055 | |
| Furniture and vehicles | 24 | - | €2,895 | +€2,895 | |
| Current assets | 29/58 | €44,099 | €25,095 | -€19,004 | -43.1% |
| Stocks and contracts in progress | 3 | €6,152 | €4,611 | -€1,540 | -25.0% |
| Stocks | 30/36 | €6,152 | €4,611 | -€1,540 | -25.0% |
| Amounts receivable within one year | 40/41 | €26,886 | €18,053 | -€8,833 | -32.9% |
| Trade receivables | 40 | €26,882 | €18,053 | -€8,829 | -32.8% |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100% |
| Cash at bank and in hand | 54/58 | €6,856 | €1,191 | -€5,664 | -82.6% |
| Deferred charges and accrued income | 490/1 | €4,206 | €1,240 | -€2,966 | -70.5% |
| Total equity and liabilities | 10/49 | €44,099 | €30,045 | -€14,054 | -31.9% |
| Equity | 10/15 | €8,953 | €8,871 | -€82 | -0.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €7,953 | €7,871 | -€82 | -1.0% |
| Distributable reserves | 133 | €7,953 | €7,871 | -€82 | -1.0% |
| Amounts payable | 17/49 | €35,146 | €21,174 | -€13,972 | -39.8% |
| Amounts payable within one year | 42/48 | €34,936 | €21,174 | -€13,762 | -39.4% |
| Trade debts | 44 | €13,392 | €9,503 | -€3,889 | -29.0% |
| Suppliers | 440/4 | €13,392 | €9,503 | -€3,889 | -29.0% |
| Taxes, remuneration and social security | 45 | €16,147 | €11,671 | -€4,477 | -27.7% |
| Taxes | 450/3 | €4,374 | €9,091 | +€4,716 | +108% |
| Remuneration and social security | 454/9 | €11,773 | €2,580 | -€9,193 | -78.1% |
| Other amounts payable | 47/48 | €5,396 | €0 | -€5,396 | -100% |
| Accrued charges and deferred income | 492/3 | €210 | €0 | -€210 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €753 | +€753 | |
| Other operating charges | 640/8 | - | €352 | +€352 | |
| Gross operating margin | 9900 | €10,718 | €6,236 | -€4,482 | -41.8% |
| Operating profit (loss) | 9901 | €10,718 | €5,131 | -€5,587 | -52.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +250% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +250% |
| Financial charges | 65/66B | €209 | €2,266 | +€2,057 | +984% |
| Recurring financial charges | 65 | €209 | €2,266 | +€2,057 | +984% |
| Profit (loss) for the period before taxes | 9903 | €10,509 | €2,865 | -€7,643 | -72.7% |
| Income taxes | 67/77 | €2,555 | €2,947 | +€392 | +15.3% |
| Profit (loss) for the period | 9904 | €7,953 | -€82 | -€8,035 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,953 | -€82 | -€8,035 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.