SWENNEN-DAMS: 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-DAMS
Largest movements
- Current investments +€50,000
up €50,000 (+333%), from €15,000 to €65,000
- Cash -€47,227
down €47,227 (-47.2%), from €99,990 to €52,763
mainly Current investments (-€50,000) and Other debts (-€32,320)
- Tangible fixed assets -€24,832
down €24,832 (-2.0%), from €1.2m to €1.2m
of which Land and buildings: -€19,359
- Receivables within one year +€23,942
up €23,942 (+2,192%), from €1,092 to €25,034
- Other debts -€32,320
down €32,320 (-26.4%), from €122,212 to €89,892
- Current portion of long-term debt +€25,513
new in 2025: €25,513
- Gross operating margin +€12,878
up €12,878 (+39.3%), from €32,800 to €45,678
- Taxes +€5,488
up €5,488, from €0 to €5,488
- Financial charges -€1,160
down €1,160 (-11.9%), from €9,706 to €8,546
- Financial income +€816
up €816 (+1,409%), from €58 to €874
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 | €1,359,871 | €1,361,798 | +€1,927 | +0.1% |
| Fixed assets | 21/28 | €1,243,789 | €1,218,957 | -€24,832 | -2.0% |
| Tangible fixed assets | 22/27 | €1,243,789 | €1,218,957 | -€24,832 | -2.0% |
| Land and buildings | 22 | €1,206,298 | €1,186,939 | -€19,359 | -1.6% |
| Plant, machinery and equipment | 23 | €37,491 | €32,018 | -€5,473 | -14.6% |
| Current assets | 29/58 | €116,082 | €142,841 | +€26,759 | +23.1% |
| Amounts receivable within one year | 40/41 | €1,092 | €25,034 | +€23,942 | +2,192% |
| Trade receivables | 40 | €1,092 | €25,034 | +€23,942 | +2,192% |
| Current investments | 50/53 | €15,000 | €65,000 | +€50,000 | +333% |
| Cash at bank and in hand | 54/58 | €99,990 | €52,763 | -€47,227 | -47.2% |
| Deferred charges and accrued income | 490/1 | - | €44 | +€44 | |
| Total equity and liabilities | 10/49 | €1,359,871 | €1,361,798 | +€1,927 | +0.1% |
| Equity | 10/15 | €1,160,171 | €1,167,279 | +€7,109 | +0.6% |
| Contributions | 10/11 | €617,583 | €617,583 | = | 0.0% |
| Reserves | 13 | €542,588 | €549,696 | +€7,109 | +1.3% |
| Non-distributable reserves | 130/1 | €5,420 | €5,420 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,420 | €5,420 | = | 0.0% |
| Tax-exempt reserves | 132 | €228,317 | €219,380 | -€8,936 | -3.9% |
| Distributable reserves | 133 | €308,851 | €324,896 | +€16,045 | +5.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €76,106 | €73,127 | -€2,979 | -3.9% |
| Deferred taxes | 168 | €76,106 | €73,127 | -€2,979 | -3.9% |
| Amounts payable | 17/49 | €123,595 | €121,392 | -€2,203 | -1.8% |
| Amounts payable within one year | 42/48 | €123,595 | €121,392 | -€2,203 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | - | €25,513 | +€25,513 | |
| Trade debts | 44 | - | €0 | +€0 | |
| Suppliers | 440/4 | - | €0 | +€0 | |
| Taxes, remuneration and social security | 45 | €1,383 | €5,987 | +€4,604 | +333% |
| Taxes | 450/3 | €1,383 | €5,987 | +€4,604 | +333% |
| Other amounts payable | 47/48 | €122,212 | €89,892 | -€32,320 | -26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,749 | €26,782 | +€33 | +0.1% |
| Other operating charges | 640/8 | €1,376 | €1,606 | +€230 | +16.7% |
| Gross operating margin | 9900 | €32,800 | €45,678 | +€12,878 | +39.3% |
| Operating profit (loss) | 9901 | €4,674 | €17,289 | +€12,615 | +270% |
| Financial income | 75/76B | €58 | €874 | +€816 | +1,409% |
| Recurring financial income | 75 | €58 | €874 | +€816 | +1,409% |
| Financial charges | 65/66B | €9,706 | €8,546 | -€1,160 | -11.9% |
| Recurring financial charges | 65 | €9,706 | €8,546 | -€1,160 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,974 | €9,617 | +€14,591 | |
| Transfer from deferred taxes | 780 | €2,979 | €2,979 | = | 0.0% |
| Income taxes | 67/77 | €0 | €5,488 | +€5,488 | |
| Profit (loss) for the period | 9904 | -€1,995 | €7,109 | +€9,104 | |
| Transfer from tax-exempt reserves | 789 | €8,936 | €8,936 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,941 | €16,045 | +€9,104 | +131% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.