Sweele: 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.
Sweele
Largest movements
- Receivables within one year +€29,506
up €29,506 (+35.3%), from €83,489 to €112,995
of which Other amounts receivable: +€35,740
- Tangible fixed assets -€24,185
down €24,185 (-7.0%), from €347,823 to €323,637
of which Land and buildings: -€21,322
- Current investments -€15,971
down €15,971 (-24.6%), from €65,000 to €49,029
- Receivables after one year -€6,667
down €6,667 (-7.6%), from €87,777 to €81,111
- Other debts +€65,239
up €65,239 (+126.4%), from €51,633 to €116,872
- Reserves -€48,242
down €48,242 (-22.2%), from €216,929 to €168,686
- Debts after one year -€27,333
down €27,333 (-9.6%), from €284,063 to €256,730
- Financial income +€8,142
up €8,142 (+158.7%), from €5,131 to €13,273
- Gross operating margin -€2,394
down €2,394 (-2.9%), from €83,871 to €81,477
- Taxes +€1,707
up €1,707 (+12.7%), from €13,435 to €15,141
- Other operating charges -€1,261
down €1,261 (-20.9%), from €6,038 to €4,776
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 | €592,624 | €578,319 | -€14,305 | -2.4% |
| Fixed assets | 21/28 | €348,023 | €323,837 | -€24,185 | -6.9% |
| Tangible fixed assets | 22/27 | €347,823 | €323,637 | -€24,185 | -7.0% |
| Land and buildings | 22 | €328,074 | €306,752 | -€21,322 | -6.5% |
| Plant, machinery and equipment | 23 | €848 | €583 | -€265 | -31.2% |
| Furniture and vehicles | 24 | €18,900 | €16,302 | -€2,598 | -13.7% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €244,601 | €254,482 | +€9,881 | +4.0% |
| Amounts receivable after more than one year | 29 | €87,777 | €81,111 | -€6,667 | -7.6% |
| Other amounts receivable | 291 | €87,777 | €81,111 | -€6,667 | -7.6% |
| Amounts receivable within one year | 40/41 | €83,489 | €112,995 | +€29,506 | +35.3% |
| Trade receivables | 40 | €21,234 | €15,000 | -€6,234 | -29.4% |
| Other amounts receivable | 41 | €62,255 | €97,995 | +€35,740 | +57.4% |
| Current investments | 50/53 | €65,000 | €49,029 | -€15,971 | -24.6% |
| Cash at bank and in hand | 54/58 | €4,198 | €7,605 | +€3,407 | +81.2% |
| Deferred charges and accrued income | 490/1 | €4,137 | €3,742 | -€395 | -9.5% |
| Total equity and liabilities | 10/49 | €592,624 | €578,319 | -€14,305 | -2.4% |
| Equity | 10/15 | €217,029 | €168,786 | -€48,242 | -22.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €216,929 | €168,686 | -€48,242 | -22.2% |
| Distributable reserves | 133 | €216,929 | €168,686 | -€48,242 | -22.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €375,595 | €409,533 | +€33,938 | +9.0% |
| Amounts payable after more than one year | 17 | €284,063 | €256,730 | -€27,333 | -9.6% |
| Financial debts | 170/4 | €284,063 | €256,730 | -€27,333 | -9.6% |
| Amounts payable within one year | 42/48 | €88,834 | €149,965 | +€61,131 | +68.8% |
| Current portion of amounts payable after more than one year | 42 | €26,830 | €27,333 | +€503 | +1.9% |
| Financial debts | 43 | €278 | €60 | -€217 | -78.3% |
| Credit institutions | 430/8 | €278 | €60 | -€217 | -78.3% |
| Trade debts | 44 | €822 | €521 | -€301 | -36.6% |
| Suppliers | 440/4 | €822 | €521 | -€301 | -36.6% |
| Taxes, remuneration and social security | 45 | €9,271 | €5,178 | -€4,093 | -44.1% |
| Taxes | 450/3 | €9,271 | €5,178 | -€4,093 | -44.1% |
| Other amounts payable | 47/48 | €51,633 | €116,872 | +€65,239 | +126.4% |
| Accrued charges and deferred income | 492/3 | €2,699 | €2,839 | +€140 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,769 | €28,100 | -€669 | -2.3% |
| Other operating charges | 640/8 | €6,038 | €4,776 | -€1,261 | -20.9% |
| Non-recurring operating charges | 66A | €0 | €241 | +€241 | |
| Gross operating margin | 9900 | €83,871 | €81,477 | -€2,394 | -2.9% |
| Operating profit (loss) | 9901 | €49,064 | €48,359 | -€705 | -1.4% |
| Financial income | 75/76B | €5,131 | €13,273 | +€8,142 | +158.7% |
| Recurring financial income | 75 | €5,131 | €13,273 | +€8,142 | +158.7% |
| Financial charges | 65/66B | €8,096 | €7,861 | -€235 | -2.9% |
| Recurring financial charges | 65 | €8,096 | €7,861 | -€235 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €46,099 | €53,771 | +€7,672 | +16.6% |
| Income taxes | 67/77 | €13,435 | €15,141 | +€1,707 | +12.7% |
| Profit (loss) for the period | 9904 | €32,664 | €38,630 | +€5,965 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,664 | €38,630 | +€5,965 | +18.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.