SWIFLE: 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.
SWIFLE
Largest movements
- Cash +€12,734
up €12,734 (+78.6%), from €16,205 to €28,939
mainly Net result for the year (+€20,328) and Other debts (+€5,848)
- Deferred charges and accrued income +€7,082
new in 2025: €7,082
- Receivables within one year +€5,380
up €5,380 (+12.6%), from €42,552 to €47,932
of which Other amounts receivable: +€9,857
- Tangible fixed assets -€2,075
down €2,075 (-40.5%), from €5,119 to €3,044
- Reserves +€20,328
up €20,328 (+42.5%), from €47,854 to €68,182
- Trade debts -€8,241
down €8,241 (-63.3%), from €13,022 to €4,781
- Other debts +€5,848
new in 2025: €5,848
- Tax, wage and social debts +€5,237
new in 2025: €5,237
- Gross operating margin -€34,583
down €34,583 (-54.2%), from €63,781 to €29,198
- Taxes -€6,495
down €6,495 (-46.4%), from €13,992 to €7,497
- Financial income +€1,380
up €1,380 (+11157.8%), from €12 to €1,393
- Depreciation +€969
up €969 (+87.7%), from €1,105 to €2,075
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 | €63,876 | €87,047 | +€23,172 | +36.3% |
| Fixed assets | 21/28 | €5,119 | €3,094 | -€2,025 | -39.6% |
| Tangible fixed assets | 22/27 | €5,119 | €3,044 | -€2,075 | -40.5% |
| Furniture and vehicles | 24 | €5,119 | €3,044 | -€2,075 | -40.5% |
| Financial fixed assets | 28 | - | €50 | +€50 | |
| Current assets | 29/58 | €58,757 | €83,953 | +€25,196 | +42.9% |
| Amounts receivable within one year | 40/41 | €42,552 | €47,932 | +€5,380 | +12.6% |
| Trade receivables | 40 | €18,513 | €14,037 | -€4,476 | -24.2% |
| Other amounts receivable | 41 | €24,039 | €33,895 | +€9,857 | +41.0% |
| Cash at bank and in hand | 54/58 | €16,205 | €28,939 | +€12,734 | +78.6% |
| Deferred charges and accrued income | 490/1 | - | €7,082 | +€7,082 | |
| Total equity and liabilities | 10/49 | €63,876 | €87,047 | +€23,172 | +36.3% |
| Equity | 10/15 | €50,854 | €71,182 | +€20,328 | +40.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €47,854 | €68,182 | +€20,328 | +42.5% |
| Distributable reserves | 133 | €47,854 | €68,182 | +€20,328 | +42.5% |
| Amounts payable | 17/49 | €13,022 | €15,866 | +€2,844 | +21.8% |
| Amounts payable within one year | 42/48 | €13,022 | €15,866 | +€2,844 | +21.8% |
| Trade debts | 44 | €13,022 | €4,781 | -€8,241 | -63.3% |
| Suppliers | 440/4 | €13,022 | €4,781 | -€8,241 | -63.3% |
| Taxes, remuneration and social security | 45 | - | €5,237 | +€5,237 | |
| Taxes | 450/3 | - | €5,237 | +€5,237 | |
| Other amounts payable | 47/48 | - | €5,848 | +€5,848 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,105 | €2,075 | +€969 | +87.7% |
| Other operating charges | 640/8 | €842 | €691 | -€151 | -18.0% |
| Gross operating margin | 9900 | €63,781 | €29,198 | -€34,583 | -54.2% |
| Operating profit (loss) | 9901 | €61,833 | €26,433 | -€35,401 | -57.3% |
| Financial income | 75/76B | €12 | €1,393 | +€1,380 | +11157.8% |
| Recurring financial income | 75 | €12 | €1,393 | +€1,380 | +11157.8% |
| Financial charges | 65/66B | - | €0 | +€0 | |
| Recurring financial charges | 65 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €61,846 | €27,825 | -€34,021 | -55.0% |
| Income taxes | 67/77 | €13,992 | €7,497 | -€6,495 | -46.4% |
| Profit (loss) for the period | 9904 | €47,854 | €20,328 | -€27,526 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,854 | €20,328 | -€27,526 | -57.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.