SWIDA: 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.
SWIDA
Largest movements
- Stocks and contracts -€55,826
no longer reported in 2024 (was €55,826)
- Cash +€7,312
up €7,312 (+224.3%), from €3,260 to €10,572
mainly Stocks and contracts (+€55,826) and Tax, wage and social debts (+€11,251)
- Receivables within one year -€2,521
down €2,521 (-5.0%), from €50,078 to €47,557
of which Other amounts receivable: -€2,521
- Intangible fixed assets -€2,321
down €2,321 (-37.6%), from €6,179 to €3,858
- Tangible fixed assets -€1,690
down €1,690 (-29.1%), from €5,810 to €4,120
- Trade debts -€79,362
down €79,362 (-94.1%), from €84,369 to €5,007
- Tax, wage and social debts +€11,251
up €11,251 (+1948.5%), from €577 to €11,829
of which Remuneration and social security: +€9,920
- Other debts +€10,000
up €10,000 (+55.6%), from €18,000 to €28,000
- Profit (loss) carried forward +€3,065
up €3,065 (+85.3%), from -€3,595 to -€529
- Staff costs +€38,140
new in 2024: €38,140
- Gross operating margin +€29,144
up €29,144 (+173.4%), from €16,805 to €45,948
- Other operating charges -€721
down €721 (-60.7%), from €1,188 to €467
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 | €121,352 | €66,306 | -€55,046 | -45.4% |
| Fixed assets | 21/28 | €12,189 | €8,178 | -€4,011 | -32.9% |
| Intangible fixed assets | 21 | €6,179 | €3,858 | -€2,321 | -37.6% |
| Tangible fixed assets | 22/27 | €5,810 | €4,120 | -€1,690 | -29.1% |
| Furniture and vehicles | 24 | €5,810 | €4,120 | -€1,690 | -29.1% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €109,163 | €58,128 | -€51,035 | -46.8% |
| Stocks and contracts in progress | 3 | €55,826 | - | -€55,826 | |
| Stocks | 30/36 | €55,826 | - | -€55,826 | |
| Amounts receivable within one year | 40/41 | €50,078 | €47,557 | -€2,521 | -5.0% |
| Trade receivables | 40 | €3,260 | €3,260 | = | 0.0% |
| Other amounts receivable | 41 | €46,818 | €44,297 | -€2,521 | -5.4% |
| Cash at bank and in hand | 54/58 | €3,260 | €10,572 | +€7,312 | +224.3% |
| Total equity and liabilities | 10/49 | €121,352 | €66,306 | -€55,046 | -45.4% |
| Equity | 10/15 | €18,405 | €21,471 | +€3,065 | +16.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,595 | -€529 | +€3,065 | +85.3% |
| Amounts payable | 17/49 | €102,947 | €44,836 | -€58,111 | -56.4% |
| Amounts payable within one year | 42/48 | €102,947 | €44,836 | -€58,111 | -56.4% |
| Trade debts | 44 | €84,369 | €5,007 | -€79,362 | -94.1% |
| Suppliers | 440/4 | €84,369 | €5,007 | -€79,362 | -94.1% |
| Taxes, remuneration and social security | 45 | €577 | €11,829 | +€11,251 | +1948.5% |
| Taxes | 450/3 | €577 | €1,909 | +€1,331 | +230.6% |
| Remuneration and social security | 454/9 | - | €9,920 | +€9,920 | |
| Other amounts payable | 47/48 | €18,000 | €28,000 | +€10,000 | +55.6% |
| Remuneration, social security and pensions | 62 | - | €38,140 | +€38,140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,011 | €4,011 | = | 0.0% |
| Other operating charges | 640/8 | €1,188 | €467 | -€721 | -60.7% |
| Gross operating margin | 9900 | €16,805 | €45,948 | +€29,144 | +173.4% |
| Operating profit (loss) | 9901 | €11,606 | €3,330 | -€8,276 | -71.3% |
| Financial charges | 65/66B | €166 | €231 | +€65 | +39.4% |
| Recurring financial charges | 65 | €166 | €231 | +€65 | +39.4% |
| Profit (loss) for the period before taxes | 9903 | €11,440 | €3,099 | -€8,341 | -72.9% |
| Income taxes | 67/77 | - | €34 | +€34 | |
| Profit (loss) for the period | 9904 | €11,440 | €3,065 | -€8,375 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,440 | €3,065 | -€8,375 | -73.2% |
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 7 October 2026 via checked.be.