SWICO VERSPANING: 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.
SWICO VERSPANING
Largest movements
- Tangible fixed assets +€143,605
up €143,605 (+69.0%), from €208,022 to €351,628
of which Plant, machinery and equipment: +€145,910
- Receivables within one year +€38,843
up €38,843 (+68.4%), from €56,746 to €95,589
of which Trade receivables: +€30,353
- Cash -€9,752
down €9,752 (-60.8%), from €16,043 to €6,290
mainly Investment in fixed assets (net) (-€184,391) and Receivables within one year (-€38,843)
- Debts after one year +€84,980
up €84,980 (+119.5%), from €71,141 to €156,121
- Other debts +€61,785
up €61,785 (+242.1%), from €25,523 to €87,308
- Profit (loss) carried forward +€23,429
up €23,429 (+20.1%), from €116,278 to €139,707
- Gross operating margin -€33,235
down €33,235 (-31.9%), from €104,071 to €70,835
- Taxes -€11,198
down €11,198 (-85.8%), from €13,056 to €1,858
- Depreciation +€5,750
up €5,750 (+16.4%), from €35,036 to €40,786
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 | €285,689 | €461,161 | +€175,472 | +61.4% |
| Fixed assets | 21/28 | €208,022 | €351,628 | +€143,605 | +69.0% |
| Tangible fixed assets | 22/27 | €208,022 | €351,628 | +€143,605 | +69.0% |
| Land and buildings | 22 | €85,609 | €93,944 | +€8,335 | +9.7% |
| Plant, machinery and equipment | 23 | €95,740 | €241,651 | +€145,910 | +152.4% |
| Furniture and vehicles | 24 | €26,673 | €16,033 | -€10,640 | -39.9% |
| Current assets | 29/58 | €77,667 | €109,533 | +€31,866 | +41.0% |
| Stocks and contracts in progress | 3 | €4,000 | €7,500 | +€3,500 | +87.5% |
| Stocks | 30/36 | €4,000 | €7,500 | +€3,500 | +87.5% |
| Amounts receivable within one year | 40/41 | €56,746 | €95,589 | +€38,843 | +68.4% |
| Trade receivables | 40 | €54,803 | €85,156 | +€30,353 | +55.4% |
| Other amounts receivable | 41 | €1,944 | €10,434 | +€8,490 | +436.7% |
| Cash at bank and in hand | 54/58 | €16,043 | €6,290 | -€9,752 | -60.8% |
| Deferred charges and accrued income | 490/1 | €878 | €154 | -€724 | -82.5% |
| Total equity and liabilities | 10/49 | €285,689 | €461,161 | +€175,472 | +61.4% |
| Equity | 10/15 | €136,278 | €159,707 | +€23,429 | +17.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,278 | €139,707 | +€23,429 | +20.1% |
| Amounts payable | 17/49 | €149,411 | €301,454 | +€152,043 | +101.8% |
| Amounts payable after more than one year | 17 | €71,141 | €156,121 | +€84,980 | +119.5% |
| Financial debts | 170/4 | €71,141 | €156,121 | +€84,980 | +119.5% |
| Amounts payable within one year | 42/48 | €78,271 | €145,333 | +€67,063 | +85.7% |
| Current portion of amounts payable after more than one year | 42 | €26,680 | €27,722 | +€1,042 | +3.9% |
| Financial debts | 43 | €2,228 | €818 | -€1,410 | -63.3% |
| Credit institutions | 430/8 | €2,228 | €818 | -€1,410 | -63.3% |
| Trade debts | 44 | €16,523 | €17,860 | +€1,338 | +8.1% |
| Suppliers | 440/4 | €16,523 | €17,860 | +€1,338 | +8.1% |
| Taxes, remuneration and social security | 45 | €7,317 | €11,625 | +€4,308 | +58.9% |
| Taxes | 450/3 | €7,317 | €11,625 | +€4,308 | +58.9% |
| Other amounts payable | 47/48 | €25,523 | €87,308 | +€61,785 | +242.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,036 | €40,786 | +€5,750 | +16.4% |
| Other operating charges | 640/8 | €622 | €539 | -€83 | -13.3% |
| Gross operating margin | 9900 | €104,071 | €70,835 | -€33,235 | -31.9% |
| Operating profit (loss) | 9901 | €68,412 | €29,510 | -€38,902 | -56.9% |
| Financial income | 75/76B | €86 | €36 | -€50 | -58.1% |
| Recurring financial income | 75 | €86 | €36 | -€50 | -58.1% |
| Financial charges | 65/66B | €4,956 | €4,259 | -€697 | -14.1% |
| Recurring financial charges | 65 | €4,956 | €4,259 | -€697 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €63,543 | €25,287 | -€38,255 | -60.2% |
| Income taxes | 67/77 | €13,056 | €1,858 | -€11,198 | -85.8% |
| Profit (loss) for the period | 9904 | €50,487 | €23,429 | -€27,058 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,487 | €23,429 | -€27,058 | -53.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.