SWENNEN SERVICES: 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
SWENNEN SERVICES
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5,334
2024 · -€3,749-€1,585
Equity
€2.8m
2024 · €2.8m-€5,334
Cash
€903
2024 · €4,161-€3,258
Balance sheet total
€5.0m
2024 · €4.9m+€154,182
Largest movements
Assets
- Receivables within one year +€154,681
up €154,681 (+14.6%), from €1.1m to €1.2m
of which Other amounts receivable: +€144,584
Equity and liabilities
- Other debts +€135,323
up €135,323 (+8.2%), from €1.7m to €1.8m
Income statement
- Services and other goods +€16,939
up €16,939 (+4.9%), from €342,827 to €359,766
- Depreciation -€14,605
down €14,605 (-94.5%), from €15,448 to €843
- Turnover +€7,290
up €7,290 (+1.9%), from €392,415 to €399,706
- Financial charges +€5,532
up €5,532 (+9.6%), from €57,373 to €62,905
- Other operating income -€5,072
down €5,072 (-10.3%), from €49,271 to €44,199
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
-€3,749
Turnover
+€7,290
Other operating income
-€5,072
Services and other goods
-€16,939
Staff costs
-€2,406
Depreciation
+€14,605
Other operating charges
-€30
Financial income
+€3,363
Financial charges
-€5,532
Taxes
+€3,136
Result 2025
-€5,334
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
+€8,289
Investment
€0
Financing
-€11,547
Cash 2024
€4,161
From operations (derived)
+€8,289
Net result for the year
-€5,334
Depreciation
+€843
Receivables within one year
-€154,681
Deferred charges and accrued income
-€3,602
Trade debts
+€25,709
Tax, wage and social debts
+€5,870
Other debts
+€135,323
Accrued charges and deferred income
+€4,160
Financing
-€11,547
Current portion of long-term debt
-€11,547
Cash 2025
€903
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,852,331 | €5,006,512 | +€154,182 | +3.2% |
| Fixed assets | 21/28 | €3,756,205 | €3,755,362 | -€843 | 0.0% |
| Tangible fixed assets | 22/27 | €165,992 | €165,149 | -€843 | -0.5% |
| Furniture and vehicles | 24 | €165,992 | €165,149 | -€843 | -0.5% |
| Financial fixed assets | 28 | €3,590,213 | €3,590,213 | = | 0.0% |
| Affiliated companies | 280/1 | €3,590,213 | €3,590,213 | = | 0.0% |
| Participating interests | 280 | €3,590,213 | €3,590,213 | = | 0.0% |
| Current assets | 29/58 | €1,096,126 | €1,251,151 | +€155,025 | +14.1% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,058,581 | €1,213,262 | +€154,681 | +14.6% |
| Trade receivables | 40 | €150,311 | €160,409 | +€10,097 | +6.7% |
| Other amounts receivable | 41 | €908,270 | €1,052,853 | +€144,584 | +15.9% |
| Cash at bank and in hand | 54/58 | €4,161 | €903 | -€3,258 | -78.3% |
| Deferred charges and accrued income | 490/1 | €33,383 | €36,985 | +€3,602 | +10.8% |
| Total equity and liabilities | 10/49 | €4,852,331 | €5,006,512 | +€154,182 | +3.2% |
| Equity | 10/15 | €2,847,011 | €2,841,677 | -€5,334 | -0.2% |
| Contributions | 10/11 | €1,380,000 | €1,380,000 | = | 0.0% |
| Capital | 10 | €1,380,000 | €1,380,000 | = | 0.0% |
| Issued capital | 100 | €1,380,000 | €1,380,000 | = | 0.0% |
| Revaluation surpluses | 12 | €563,896 | €563,896 | = | 0.0% |
| Reserves | 13 | €507,230 | €507,230 | = | 0.0% |
| Non-distributable reserves | 130/1 | €43,869 | €43,869 | = | 0.0% |
| Legal reserve | 130 | €43,869 | €43,869 | = | 0.0% |
| Distributable reserves | 133 | €463,362 | €463,362 | = | 0.0% |
| Profit (loss) carried forward | 14 | €395,885 | €390,551 | -€5,334 | -1.3% |
| Amounts payable | 17/49 | €2,005,320 | €2,164,836 | +€159,516 | +8.0% |
| Amounts payable after more than one year | 17 | €250,000 | €250,000 | = | 0.0% |
| Financial debts | 170/4 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 173 | €0 | - | = | |
| Other loans | 174 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,699,682 | €1,855,038 | +€155,355 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €11,547 | €0 | -€11,547 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €13,808 | €39,518 | +€25,709 | +186% |
| Suppliers | 440/4 | €13,808 | €39,518 | +€25,709 | +186% |
| Taxes, remuneration and social security | 45 | €17,789 | €23,659 | +€5,870 | +33.0% |
| Taxes | 450/3 | €9,443 | €14,491 | +€5,048 | +53.5% |
| Remuneration and social security | 454/9 | €8,346 | €9,168 | +€822 | +9.8% |
| Other amounts payable | 47/48 | €1,656,538 | €1,791,861 | +€135,323 | +8.2% |
| Accrued charges and deferred income | 492/3 | €55,638 | €59,798 | +€4,160 | +7.5% |
| Operating income | 70/76A | €441,687 | €443,905 | +€2,218 | +0.5% |
| Turnover | 70 | €392,415 | €399,706 | +€7,290 | +1.9% |
| Other operating income | 74 | €49,271 | €44,199 | -€5,072 | -10.3% |
| Operating charges | 60/66A | €406,051 | €410,822 | +€4,771 | +1.2% |
| Services and other goods | 61 | €342,827 | €359,766 | +€16,939 | +4.9% |
| Remuneration, social security and pensions | 62 | €45,678 | €48,084 | +€2,406 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,448 | €843 | -€14,605 | -94.5% |
| Other operating charges | 640/8 | €2,098 | €2,128 | +€30 | +1.4% |
| Operating profit (loss) | 9901 | €35,635 | €33,083 | -€2,552 | -7.2% |
| Financial income | 75/76B | €25,503 | €28,866 | +€3,363 | +13.2% |
| Recurring financial income | 75 | €25,503 | €28,866 | +€3,363 | +13.2% |
| Income from current assets | 751 | €25,503 | €28,821 | +€3,318 | +13.0% |
| Other financial income | 752/9 | €0 | €45 | +€45 | +224,900% |
| Financial charges | 65/66B | €57,373 | €62,905 | +€5,532 | +9.6% |
| Recurring financial charges | 65 | €57,373 | €62,905 | +€5,532 | +9.6% |
| Debt charges | 650 | €56,423 | €62,087 | +€5,664 | +10.0% |
| Other financial charges | 652/9 | €950 | €818 | -€132 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €3,765 | -€956 | -€4,721 | |
| Income taxes | 67/77 | €7,514 | €4,378 | -€3,136 | -41.7% |
| Taxes | 670/3 | €7,518 | €4,378 | -€3,140 | -41.8% |
| Tax adjustments and reversals of tax provisions | 77 | €4 | €0 | -€4 | -100% |
| Profit (loss) for the period | 9904 | -€3,749 | -€5,334 | -€1,585 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,749 | -€5,334 | -€1,585 | -42.3% |
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 24 October 2026 via checked.be.