SWENMED: 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.
SWENMED
Largest movements
- Cash +€75,002
up €75,002 (+45.8%), from €163,746 to €238,748
mainly Other debts (+€164,021) and Net result for the year (+€120,475)
- Deferred charges and accrued income +€13,393
up €13,393 (+30.1%), from €44,541 to €57,934
- Other debts +€164,021
up €164,021 (+6,527%), from €2,513 to €166,534
- Reserves -€71,525
down €71,525 (-37.2%), from €192,282 to €120,757
- Tax, wage and social debts -€7,204
down €7,204 (-54.0%), from €13,328 to €6,124
of which Taxes: -€5,406
- Gross operating margin +€40,885
up €40,885 (+34.9%), from €117,192 to €158,077
- Taxes +€8,594
up €8,594 (+32.4%), from €26,530 to €35,124
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €211,877 | €298,840 | +€86,963 | +41.0% |
| Fixed assets | 21/28 | €3,591 | €2,158 | -€1,433 | -39.9% |
| Tangible fixed assets | 22/27 | €3,341 | €1,908 | -€1,433 | -42.9% |
| Furniture and vehicles | 24 | €3,341 | €1,908 | -€1,433 | -42.9% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €208,287 | €296,682 | +€88,396 | +42.4% |
| Cash at bank and in hand | 54/58 | €163,746 | €238,748 | +€75,002 | +45.8% |
| Deferred charges and accrued income | 490/1 | €44,541 | €57,934 | +€13,393 | +30.1% |
| Total equity and liabilities | 10/49 | €211,877 | €298,840 | +€86,963 | +41.0% |
| Equity | 10/15 | €194,782 | €123,257 | -€71,525 | -36.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €192,282 | €120,757 | -€71,525 | -37.2% |
| Distributable reserves | 133 | €192,282 | €120,757 | -€71,525 | -37.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €17,095 | €175,583 | +€158,488 | +927% |
| Amounts payable within one year | 42/48 | €17,095 | €175,583 | +€158,488 | +927% |
| Trade debts | 44 | €1,254 | €2,925 | +€1,671 | +133% |
| Suppliers | 440/4 | €1,254 | €2,925 | +€1,671 | +133% |
| Taxes, remuneration and social security | 45 | €13,328 | €6,124 | -€7,204 | -54.0% |
| Taxes | 450/3 | €11,530 | €6,124 | -€5,406 | -46.9% |
| Remuneration and social security | 454/9 | €1,798 | €0 | -€1,798 | -100% |
| Other amounts payable | 47/48 | €2,513 | €166,534 | +€164,021 | +6,527% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €912 | €1,433 | +€520 | +57.0% |
| Other operating charges | 640/8 | €125 | €706 | +€581 | +465% |
| Gross operating margin | 9900 | €117,192 | €158,077 | +€40,885 | +34.9% |
| Operating profit (loss) | 9901 | €116,155 | €155,938 | +€39,783 | +34.2% |
| Financial charges | 65/66B | €171 | €338 | +€168 | +98.1% |
| Recurring financial charges | 65 | €171 | €338 | +€168 | +98.1% |
| Profit (loss) for the period before taxes | 9903 | €115,984 | €155,599 | +€39,615 | +34.2% |
| Income taxes | 67/77 | €26,530 | €35,124 | +€8,594 | +32.4% |
| Profit (loss) for the period | 9904 | €89,454 | €120,475 | +€31,021 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €89,454 | €120,475 | +€31,021 | +34.7% |
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 19 October 2026 via checked.be.