swegon belgium: 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
swegon belgium
NACE 47.527, Retail trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€487,351
2024 · €899,122-€411,771
Equity
€1.6m
2024 · €1.6m-€12,649
Cash
€1.1m
2024 · €1.1m+€24,076
Balance sheet total
€8.3m
2024 · €7.0m+€1.3m
Largest movements
Assets
- Receivables within one year +€698,703
up €698,703 (+14.8%), from €4.7m to €5.4m
of which Trade receivables: +€652,062
- Stocks and contracts +€548,946
up €548,946 (+47.2%), from €1.2m to €1.7m
Equity and liabilities
- Trade debts +€1.5m
up €1.5m (+39.6%), from €3.7m to €5.1m
- Provisions -€130,443
down €130,443 (-35.3%), from €369,258 to €238,815
- Other debts -€100,000
down €100,000 (-16.7%), from €600,000 to €500,000
- Tax, wage and social debts +€89,076
up €89,076 (+14.4%), from €616,641 to €705,717
of which Taxes: +€90,845
Income statement
- Turnover +€1.2m
up €1.2m (+6.0%), from €19.9m to €21.1m
- Goods and materials +€1.0m
up €1.0m (+7.0%), from €15.0m to €16.0m
of which Purchases: +€2.1m
- Staff costs +€472,183
up €472,183 (+20.2%), from €2.3m to €2.8m
- Services and other goods +€268,639
up €268,639 (+20.8%), from €1.3m to €1.6m
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.
Result 2024
€899,122
Turnover
+€1.2m
Other operating income
+€6,786
Goods and materials
-€1.0m
Services and other goods
-€268,639
Staff costs
-€472,183
Depreciation
-€1,525
Write-downs
-€34,331
Provisions
+€169,883
Other operating charges
-€87,759
Financial income
-€2,834
Financial charges
-€15,053
Taxes
+€139,091
Result 2025
€487,351
raises the resultlowers the result
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.
From operations
+€555,037
Investment
-€30,961
Financing
-€500,000
Cash 2024
€1.1m
From operations (derived)
+€555,037
Net result for the year
+€487,351
Depreciation
+€24,138
Stocks and contracts
-€548,946
Receivables within one year
-€698,703
Deferred charges and accrued income
-€7,048
Provisions
-€130,443
Trade debts
+€1.5m
Tax, wage and social debts
+€89,076
Advances received
-€16,205
Other debts
-€100,000
Accrued charges and deferred income
+€38
Investment (derived)
-€30,961
Investment in fixed assets (net)
-€30,961
Financing
-€500,000
Contributions, distributions and other
-€500,000
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,035,070 | €8,320,665 | +€1.3m | +18.3% |
| Fixed assets | 21/28 | €39,721 | €46,544 | +€6,823 | +17.2% |
| Tangible fixed assets | 22/27 | €37,221 | €44,044 | +€6,823 | +18.3% |
| Furniture and vehicles | 24 | €35,935 | €39,492 | +€3,557 | +9.9% |
| Other tangible fixed assets | 26 | €1,287 | €4,552 | +€3,265 | +254% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €6,995,349 | €8,274,121 | +€1.3m | +18.3% |
| Stocks and contracts in progress | 3 | €1,162,849 | €1,711,795 | +€548,946 | +47.2% |
| Stocks | 30/36 | €1,162,849 | €1,711,795 | +€548,946 | +47.2% |
| Goods purchased for resale | 34 | €1,162,849 | €1,711,795 | +€548,946 | +47.2% |
| Amounts receivable within one year | 40/41 | €4,708,693 | €5,407,395 | +€698,703 | +14.8% |
| Trade receivables | 40 | €4,690,998 | €5,343,061 | +€652,062 | +13.9% |
| Other amounts receivable | 41 | €17,694 | €64,334 | +€46,640 | +264% |
| Cash at bank and in hand | 54/58 | €1,096,108 | €1,120,185 | +€24,076 | +2.2% |
| Deferred charges and accrued income | 490/1 | €27,699 | €34,746 | +€7,048 | +25.4% |
| Total equity and liabilities | 10/49 | €7,035,070 | €8,320,665 | +€1.3m | +18.3% |
| Equity | 10/15 | €1,582,280 | €1,569,631 | -€12,649 | -0.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,514,080 | €1,501,431 | -€12,649 | -0.8% |
| Provisions and deferred taxes | 16 | €369,258 | €238,815 | -€130,443 | -35.3% |
| Provisions for liabilities and charges | 160/5 | €369,258 | €238,815 | -€130,443 | -35.3% |
| Other liabilities and charges | 164/5 | €369,258 | €238,815 | -€130,443 | -35.3% |
| Amounts payable | 17/49 | €5,083,531 | €6,512,219 | +€1.4m | +28.1% |
| Amounts payable within one year | 42/48 | €5,079,677 | €6,508,327 | +€1.4m | +28.1% |
| Trade debts | 44 | €3,671,774 | €5,127,553 | +€1.5m | +39.6% |
| Suppliers | 440/4 | €3,671,774 | €5,127,553 | +€1.5m | +39.6% |
| Advances received on contracts in progress | 46 | €191,263 | €175,058 | -€16,205 | -8.5% |
| Taxes, remuneration and social security | 45 | €616,641 | €705,717 | +€89,076 | +14.4% |
| Taxes | 450/3 | €212,773 | €303,618 | +€90,845 | +42.7% |
| Remuneration and social security | 454/9 | €403,867 | €402,099 | -€1,769 | -0.4% |
| Other amounts payable | 47/48 | €600,000 | €500,000 | -€100,000 | -16.7% |
| Accrued charges and deferred income | 492/3 | €3,854 | €3,892 | +€38 | +1.0% |
| Operating income | 70/76A | €19,914,933 | €21,116,466 | +€1.2m | +6.0% |
| Turnover | 70 | €19,858,489 | €21,053,237 | +€1.2m | +6.0% |
| Other operating income | 74 | €56,444 | €63,230 | +€6,786 | +12.0% |
| Operating charges | 60/66A | €18,663,461 | €20,397,969 | +€1.7m | +9.3% |
| Goods for resale, raw materials and consumables | 60 | €14,957,684 | €15,997,639 | +€1.0m | +7.0% |
| Purchases | 600/8 | €14,478,725 | €16,595,898 | +€2.1m | +14.6% |
| Change in stocks: decrease (increase) | 609 | €478,959 | -€598,259 | -€1.1m | |
| Services and other goods | 61 | €1,288,564 | €1,557,202 | +€268,639 | +20.8% |
| Remuneration, social security and pensions | 62 | €2,337,063 | €2,809,245 | +€472,183 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,613 | €24,138 | +€1,525 | +6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€37,426 | -€3,096 | +€34,331 | +91.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €39,439 | -€130,443 | -€169,883 | |
| Other operating charges | 640/8 | €55,525 | €143,284 | +€87,759 | +158% |
| Operating profit (loss) | 9901 | €1,251,472 | €718,497 | -€532,975 | -42.6% |
| Financial income | 75/76B | €4,873 | €2,038 | -€2,834 | -58.2% |
| Recurring financial income | 75 | €4,873 | €2,038 | -€2,834 | -58.2% |
| Income from financial fixed assets | 750 | €3,822 | €1,936 | -€1,886 | -49.3% |
| Other financial income | 752/9 | €1,051 | €102 | -€949 | -90.3% |
| Financial charges | 65/66B | €33,817 | €48,871 | +€15,053 | +44.5% |
| Recurring financial charges | 65 | €33,817 | €48,871 | +€15,053 | +44.5% |
| Other financial charges | 652/9 | €33,817 | €48,871 | +€15,053 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | €1,222,527 | €671,665 | -€550,862 | -45.1% |
| Income taxes | 67/77 | €323,405 | €184,314 | -€139,091 | -43.0% |
| Taxes | 670/3 | €323,788 | €184,440 | -€139,348 | -43.0% |
| Tax adjustments and reversals of tax provisions | 77 | €384 | €127 | -€257 | -67.0% |
| Profit (loss) for the period | 9904 | €899,122 | €487,351 | -€411,771 | -45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €899,122 | €487,351 | -€411,771 | -45.8% |
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 1 November 2026 via checked.be.