SWENNEN: 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.
SWENNEN
Largest movements
- Receivables within one year -€6,768
down €6,768 (-92.4%), from €7,322 to €555
of which Trade receivables: -€5,487
- Cash -€751
no longer reported in 2025 (was €751)
mainly Net result for the year (-€8,003) and Other debts (-€2,365)
- Tangible fixed assets -€193
down €193 (-42.9%), from €449 to €256
- Profit (loss) carried forward -€8,003
down €8,003 (-35.8%), from -€22,331 to -€30,334
- Other debts -€2,365
down €2,365 (-63.3%), from €3,735 to €1,369
- Contributions +€1,859
up €1,859 (+10.0%), from €18,592 to €20,451
- Reserves -€1,859
no longer reported in 2025 (was €1,859)
- Short-term financial debts +€1,669
new in 2025: €1,669
- Gross operating margin -€12,066
down €12,066, from €8,259 to -€3,808
- Write-downs -€3,850
down €3,850 (-52.5%), from €7,332 to €3,483
- Financial income +€1,776
up €1,776 (+184%), from €963 to €2,739
- Financial charges +€1,730
up €1,730 (+223%), from €775 to €2,506
- Staff costs -€245
down €245 (-88.1%), from €278 to €33
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 | €8,531 | €811 | -€7,720 | -90.5% |
| Fixed assets | 21/28 | €449 | €256 | -€193 | -42.9% |
| Tangible fixed assets | 22/27 | €449 | €256 | -€193 | -42.9% |
| Plant, machinery and equipment | 23 | €449 | €256 | -€193 | -42.9% |
| Current assets | 29/58 | €8,082 | €555 | -€7,528 | -93.1% |
| Amounts receivable within one year | 40/41 | €7,322 | €555 | -€6,768 | -92.4% |
| Trade receivables | 40 | €5,791 | €303 | -€5,487 | -94.8% |
| Other amounts receivable | 41 | €1,532 | €251 | -€1,280 | -83.6% |
| Cash at bank and in hand | 54/58 | €751 | - | -€751 | |
| Deferred charges and accrued income | 490/1 | €9 | - | -€9 | |
| Total equity and liabilities | 10/49 | €8,531 | €811 | -€7,720 | -90.5% |
| Equity | 10/15 | -€1,880 | -€9,883 | -€8,003 | -426% |
| Contributions | 10/11 | €18,592 | €20,451 | +€1,859 | +10.0% |
| Reserves | 13 | €1,859 | - | -€1,859 | |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Profit (loss) carried forward | 14 | -€22,331 | -€30,334 | -€8,003 | -35.8% |
| Amounts payable | 17/49 | €10,411 | €10,694 | +€283 | +2.7% |
| Amounts payable within one year | 42/48 | €10,411 | €10,694 | +€283 | +2.7% |
| Financial debts | 43 | - | €1,669 | +€1,669 | |
| Credit institutions | 430/8 | - | €1,669 | +€1,669 | |
| Trade debts | 44 | €6,676 | €7,655 | +€978 | +14.7% |
| Suppliers | 440/4 | €6,676 | €7,655 | +€978 | +14.7% |
| Other amounts payable | 47/48 | €3,735 | €1,369 | -€2,365 | -63.3% |
| Remuneration, social security and pensions | 62 | €278 | €33 | -€245 | -88.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80 | €176 | +€96 | +120% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,332 | €3,483 | -€3,850 | -52.5% |
| Other operating charges | 640/8 | €676 | €737 | +€61 | +9.0% |
| Gross operating margin | 9900 | €8,259 | -€3,808 | -€12,066 | |
| Operating profit (loss) | 9901 | -€108 | -€8,237 | -€8,129 | -7,541% |
| Financial income | 75/76B | €963 | €2,739 | +€1,776 | +184% |
| Recurring financial income | 75 | €963 | €2,739 | +€1,776 | +184% |
| Financial charges | 65/66B | €775 | €2,506 | +€1,730 | +223% |
| Recurring financial charges | 65 | €775 | €2,506 | +€1,730 | +223% |
| Profit (loss) for the period before taxes | 9903 | €80 | -€8,003 | -€8,083 | |
| Profit (loss) for the period | 9904 | €80 | -€8,003 | -€8,083 | |
| Profit (loss) for the period to be appropriated | 9905 | €80 | -€8,003 | -€8,083 |
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 17 October 2026 via checked.be.