SWIBEL: 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.
SWIBEL
Largest movements
- Cash +€14,425
new in 2024: €14,425
mainly Net result for the year (+€16,174) and Current investments (+€12,686)
- Current investments -€12,686
no longer reported in 2024 (was €12,686)
- Receivables within one year +€6,395
up €6,395 (+28.0%), from €22,840 to €29,235
of which Other amounts receivable: +€13,259
- Deferred charges and accrued income -€1,414
down €1,414 (-95.7%), from €1,478 to €64
- Tangible fixed assets +€1,320
new in 2024: €1,320
- Profit (loss) carried forward +€16,174
up €16,174 (+139.4%), from €11,605 to €27,779
- Trade debts -€12,083
down €12,083 (-83.9%), from €14,408 to €2,325
- Tax, wage and social debts +€3,932
up €3,932 (+36.3%), from €10,821 to €14,753
of which Taxes: +€3,932
- Gross operating margin +€5,064
up €5,064 (+23.1%), from €21,918 to €26,982
- Taxes +€2,536
up €2,536 (+70.0%), from €3,625 to €6,161
- Other operating charges -€2,456
down €2,456 (-52.4%), from €4,687 to €2,232
- Depreciation +€416
new in 2024: €416
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,004 | €45,044 | +€8,040 | +21.7% |
| Fixed assets | 21/28 | - | €1,320 | +€1,320 | |
| Tangible fixed assets | 22/27 | - | €1,320 | +€1,320 | |
| Furniture and vehicles | 24 | - | €1,320 | +€1,320 | |
| Current assets | 29/58 | €37,004 | €43,724 | +€6,720 | +18.2% |
| Amounts receivable within one year | 40/41 | €22,840 | €29,235 | +€6,395 | +28.0% |
| Trade receivables | 40 | €22,838 | €15,974 | -€6,864 | -30.1% |
| Other amounts receivable | 41 | €2 | €13,262 | +€13,259 | +602702.7% |
| Current investments | 50/53 | €12,686 | - | -€12,686 | |
| Cash at bank and in hand | 54/58 | - | €14,425 | +€14,425 | |
| Deferred charges and accrued income | 490/1 | €1,478 | €64 | -€1,414 | -95.7% |
| Total equity and liabilities | 10/49 | €37,004 | €45,044 | +€8,040 | +21.7% |
| Equity | 10/15 | €11,605 | €27,780 | +€16,175 | +139.4% |
| Contributions | 10/11 | - | €1 | +€1 | |
| Profit (loss) carried forward | 14 | €11,605 | €27,779 | +€16,174 | +139.4% |
| Amounts payable | 17/49 | €25,399 | €17,264 | -€8,135 | -32.0% |
| Amounts payable within one year | 42/48 | €25,229 | €17,078 | -€8,151 | -32.3% |
| Trade debts | 44 | €14,408 | €2,325 | -€12,083 | -83.9% |
| Suppliers | 440/4 | €14,408 | €2,325 | -€12,083 | -83.9% |
| Taxes, remuneration and social security | 45 | €10,821 | €14,753 | +€3,932 | +36.3% |
| Taxes | 450/3 | €10,821 | €14,753 | +€3,932 | +36.3% |
| Remuneration and social security | 454/9 | €0 | - | -€0 | |
| Accrued charges and deferred income | 492/3 | €169 | €186 | +€17 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €416 | +€416 | |
| Other operating charges | 640/8 | €4,687 | €2,232 | -€2,456 | -52.4% |
| Gross operating margin | 9900 | €21,918 | €26,982 | +€5,064 | +23.1% |
| Operating profit (loss) | 9901 | €17,231 | €24,335 | +€7,104 | +41.2% |
| Financial charges | 65/66B | €2,001 | €2,000 | -€1 | 0.0% |
| Recurring financial charges | 65 | €2,001 | €2,000 | -€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €15,230 | €22,335 | +€7,105 | +46.6% |
| Income taxes | 67/77 | €3,625 | €6,161 | +€2,536 | +70.0% |
| Profit (loss) for the period | 9904 | €11,605 | €16,174 | +€4,568 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,605 | €16,174 | +€4,568 | +39.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.