SWIEKES: 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.
SWIEKES
Largest movements
- Stocks and contracts +€6,289
up €6,289 (+22.6%), from €27,859 to €34,148
- Cash +€4,034
up €4,034 (+11.4%), from €35,293 to €39,326
mainly Net result for the year (+€11,112) and Trade debts (+€9,926)
- Receivables within one year +€3,087
up €3,087 (+11.4%), from €27,008 to €30,095
of which Other amounts receivable: +€4,685
- Reserves +€11,112
up €11,112 (+22.5%), from €49,469 to €60,581
- Trade debts +€9,926
up €9,926 (+249%), from €3,981 to €13,907
- Current portion of long-term debt -€9,000
down €9,000 (-100%), from €9,000 to €0
- Gross operating margin +€8,687
up €8,687 (+95.9%), from €9,057 to €17,745
- Taxes +€3,017
up €3,017 (+121%), from €2,485 to €5,502
- Financial income +€217
up €217 (+299%), from €72 to €289
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,701 | €104,664 | +€12,963 | +14.1% |
| Fixed assets | 21/28 | €1,321 | €901 | -€420 | -31.8% |
| Tangible fixed assets | 22/27 | €1,321 | €901 | -€420 | -31.8% |
| Plant, machinery and equipment | 23 | €1,321 | €901 | -€420 | -31.8% |
| Current assets | 29/58 | €90,380 | €103,763 | +€13,383 | +14.8% |
| Stocks and contracts in progress | 3 | €27,859 | €34,148 | +€6,289 | +22.6% |
| Stocks | 30/36 | €27,859 | €34,148 | +€6,289 | +22.6% |
| Amounts receivable within one year | 40/41 | €27,008 | €30,095 | +€3,087 | +11.4% |
| Trade receivables | 40 | €14,554 | €12,956 | -€1,598 | -11.0% |
| Other amounts receivable | 41 | €12,454 | €17,138 | +€4,685 | +37.6% |
| Cash at bank and in hand | 54/58 | €35,293 | €39,326 | +€4,034 | +11.4% |
| Deferred charges and accrued income | 490/1 | €220 | €193 | -€26 | -12.0% |
| Total equity and liabilities | 10/49 | €91,701 | €104,664 | +€12,963 | +14.1% |
| Equity | 10/15 | €73,469 | €84,581 | +€11,112 | +15.1% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €49,469 | €60,581 | +€11,112 | +22.5% |
| Distributable reserves | 133 | €49,469 | €60,581 | +€11,112 | +22.5% |
| Amounts payable | 17/49 | €18,232 | €20,083 | +€1,851 | +10.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €18,077 | €19,928 | +€1,851 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €9,000 | €0 | -€9,000 | -100% |
| Trade debts | 44 | €3,981 | €13,907 | +€9,926 | +249% |
| Suppliers | 440/4 | €3,981 | €13,907 | +€9,926 | +249% |
| Taxes, remuneration and social security | 45 | €5,096 | €5,990 | +€894 | +17.5% |
| Taxes | 450/3 | €5,096 | €5,990 | +€894 | +17.5% |
| Other amounts payable | 47/48 | €0 | €31 | +€31 | |
| Accrued charges and deferred income | 492/3 | €155 | €155 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €420 | €420 | = | 0.0% |
| Other operating charges | 640/8 | €591 | €585 | -€5 | -0.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €9,057 | €17,745 | +€8,687 | +95.9% |
| Operating profit (loss) | 9901 | €8,047 | €16,739 | +€8,693 | +108% |
| Financial income | 75/76B | €72 | €289 | +€217 | +299% |
| Recurring financial income | 75 | €72 | €289 | +€217 | +299% |
| Financial charges | 65/66B | €557 | €414 | -€143 | -25.6% |
| Recurring financial charges | 65 | €557 | €414 | -€143 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €7,562 | €16,614 | +€9,052 | +120% |
| Income taxes | 67/77 | €2,485 | €5,502 | +€3,017 | +121% |
| Profit (loss) for the period | 9904 | €5,077 | €11,112 | +€6,035 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €5,077 | €11,112 | +€6,035 | +119% |
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 31 October 2026 via checked.be.