SWELAB: 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.
SWELAB
Largest movements
- Tangible fixed assets -€1,078
down €1,078 (-2.8%), from €38,495 to €37,417
- Profit (loss) carried forward -€4,864
down €4,864, from €2,901 to -€1,963
- Accrued charges and deferred income +€1,202
up €1,202 (+33.3%), from €3,606 to €4,808
- Trade debts +€1,117
new in 2025: €1,117
- Other debts +€542
up €542 (+6.6%), from €8,250 to €8,792
- Gross operating margin -€2,587
down €2,587, from €1,070 to -€1,517
- Other operating charges +€595
up €595 (+36.7%), from €1,624 to €2,220
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 | €42,168 | €40,153 | -€2,016 | -4.8% |
| Fixed assets | 21/28 | €38,495 | €37,417 | -€1,078 | -2.8% |
| Tangible fixed assets | 22/27 | €38,495 | €37,417 | -€1,078 | -2.8% |
| Land and buildings | 22 | €38,495 | €37,417 | -€1,078 | -2.8% |
| Current assets | 29/58 | €3,673 | €2,736 | -€938 | -25.5% |
| Amounts receivable within one year | 40/41 | €357 | - | -€357 | |
| Trade receivables | 40 | €357 | - | -€357 | |
| Current investments | 50/53 | €1,712 | €1,717 | +€5 | +0.3% |
| Cash at bank and in hand | 54/58 | €1,229 | €1,019 | -€210 | -17.1% |
| Deferred charges and accrued income | 490/1 | €375 | - | -€375 | |
| Total equity and liabilities | 10/49 | €42,168 | €40,153 | -€2,016 | -4.8% |
| Equity | 10/15 | €26,111 | €21,247 | -€4,864 | -18.6% |
| Contributions | 10/11 | €21,100 | €21,100 | = | 0.0% |
| Outside capital | 11 | €21,100 | €21,100 | = | 0.0% |
| Other | 1109/19 | €21,100 | €21,100 | = | 0.0% |
| Reserves | 13 | €2,110 | €2,110 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,110 | €2,110 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,110 | €2,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,901 | -€1,963 | -€4,864 | |
| Amounts payable | 17/49 | €16,058 | €18,906 | +€2,848 | +17.7% |
| Amounts payable within one year | 42/48 | €12,452 | €14,098 | +€1,646 | +13.2% |
| Trade debts | 44 | - | €1,117 | +€1,117 | |
| Suppliers | 440/4 | - | €1,117 | +€1,117 | |
| Taxes, remuneration and social security | 45 | €4,202 | €4,189 | -€13 | -0.3% |
| Taxes | 450/3 | €4,202 | €4,189 | -€13 | -0.3% |
| Other amounts payable | 47/48 | €8,250 | €8,792 | +€542 | +6.6% |
| Accrued charges and deferred income | 492/3 | €3,606 | €4,808 | +€1,202 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,078 | €1,078 | = | 0.0% |
| Other operating charges | 640/8 | €1,624 | €2,220 | +€595 | +36.7% |
| Gross operating margin | 9900 | €1,070 | -€1,517 | -€2,587 | |
| Operating profit (loss) | 9901 | -€1,633 | -€4,815 | -€3,182 | -194.9% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €48 | €60 | +€12 | +24.2% |
| Recurring financial charges | 65 | €48 | €60 | +€12 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,681 | -€4,864 | -€3,183 | -189.3% |
| Profit (loss) for the period | 9904 | -€1,681 | -€4,864 | -€3,183 | -189.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,681 | -€4,864 | -€3,183 | -189.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.