SWFengineering: 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.
SWFengineering
Largest movements
- Cash +€24,068
up €24,068 (+19.0%), from €126,733 to €150,800
mainly Other debts (+€49,974) and Net result for the year (+€41,617)
- Receivables within one year -€9,170
down €9,170 (-49.5%), from €18,538 to €9,368
of which Trade receivables: -€10,968
- Tangible fixed assets +€7,540
up €7,540 (+6.7%), from €112,037 to €119,577
of which Furniture and vehicles: +€5,340
- Other debts +€49,974
up €49,974 (+87458.3%), from €57 to €50,031
- Accrued charges and deferred income -€13,366
down €13,366 (-78.5%), from €17,019 to €3,654
- Profit (loss) carried forward -€8,383
down €8,383 (-5.3%), from €157,604 to €149,221
- Debts after one year -€4,150
down €4,150 (-5.5%), from €74,902 to €70,752
- Tax, wage and social debts -€3,879
down €3,879 (-35.7%), from €10,854 to €6,974
of which Remuneration and social security: -€2,374
- Gross operating margin -€8,634
down €8,634 (-11.6%), from €74,681 to €66,048
- Depreciation -€6,426
down €6,426 (-46.0%), from €13,985 to €7,559
- Financial charges +€2,917
up €2,917 (+654.5%), from €446 to €3,363
- Taxes -€1,797
down €1,797 (-12.9%), from €13,966 to €12,169
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 | €269,051 | €288,915 | +€19,864 | +7.4% |
| Fixed assets | 21/28 | €112,037 | €119,577 | +€7,540 | +6.7% |
| Tangible fixed assets | 22/27 | €112,037 | €119,577 | +€7,540 | +6.7% |
| Land and buildings | 22 | €111,831 | €114,196 | +€2,366 | +2.1% |
| Plant, machinery and equipment | 23 | €206 | €41 | -€165 | -80.2% |
| Furniture and vehicles | 24 | - | €5,340 | +€5,340 | |
| Current assets | 29/58 | €157,014 | €169,338 | +€12,324 | +7.8% |
| Amounts receivable within one year | 40/41 | €18,538 | €9,368 | -€9,170 | -49.5% |
| Trade receivables | 40 | €17,505 | €6,537 | -€10,968 | -62.7% |
| Other amounts receivable | 41 | €1,034 | €2,831 | +€1,797 | +173.9% |
| Cash at bank and in hand | 54/58 | €126,733 | €150,800 | +€24,068 | +19.0% |
| Deferred charges and accrued income | 490/1 | €11,743 | €9,170 | -€2,574 | -21.9% |
| Total equity and liabilities | 10/49 | €269,051 | €288,915 | +€19,864 | +7.4% |
| Equity | 10/15 | €161,104 | €152,721 | -€8,383 | -5.2% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,604 | €149,221 | -€8,383 | -5.3% |
| Amounts payable | 17/49 | €107,947 | €136,194 | +€28,247 | +26.2% |
| Amounts payable after more than one year | 17 | €74,902 | €70,752 | -€4,150 | -5.5% |
| Financial debts | 170/4 | €74,902 | €70,752 | -€4,150 | -5.5% |
| Amounts payable within one year | 42/48 | €16,026 | €61,788 | +€45,763 | +285.6% |
| Current portion of amounts payable after more than one year | 42 | €3,998 | €4,150 | +€152 | +3.8% |
| Trade debts | 44 | €1,117 | €60 | -€1,057 | -94.6% |
| Suppliers | 440/4 | €1,117 | €60 | -€1,057 | -94.6% |
| Advances received on contracts in progress | 46 | - | €573 | +€573 | |
| Taxes, remuneration and social security | 45 | €10,854 | €6,974 | -€3,879 | -35.7% |
| Taxes | 450/3 | €8,479 | €6,974 | -€1,505 | -17.7% |
| Remuneration and social security | 454/9 | €2,374 | €0 | -€2,374 | -100.0% |
| Other amounts payable | 47/48 | €57 | €50,031 | +€49,974 | +87458.3% |
| Accrued charges and deferred income | 492/3 | €17,019 | €3,654 | -€13,366 | -78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,985 | €7,559 | -€6,426 | -46.0% |
| Other operating charges | 640/8 | €1,181 | €1,340 | +€159 | +13.4% |
| Gross operating margin | 9900 | €74,681 | €66,048 | -€8,634 | -11.6% |
| Operating profit (loss) | 9901 | €59,515 | €57,149 | -€2,366 | -4.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €446 | €3,363 | +€2,917 | +654.5% |
| Recurring financial charges | 65 | €446 | €3,363 | +€2,917 | +654.5% |
| Profit (loss) for the period before taxes | 9903 | €59,070 | €53,787 | -€5,283 | -8.9% |
| Income taxes | 67/77 | €13,966 | €12,169 | -€1,797 | -12.9% |
| Profit (loss) for the period | 9904 | €45,103 | €41,617 | -€3,486 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,103 | €41,617 | -€3,486 | -7.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.