SWIFTFIX: 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.
SWIFTFIX
Largest movements
- Receivables within one year +€63,099
up €63,099 (+122.5%), from €51,530 to €114,629
of which Trade receivables: +€54,485
- Cash +€9,533
up €9,533 (+66.9%), from €14,255 to €23,788
mainly Trade debts (+€42,198) and Tax, wage and social debts (+€34,407)
- Tangible fixed assets +€6,600
up €6,600 (+55.8%), from €11,823 to €18,423
of which Furniture and vehicles: +€7,366
- Financial fixed assets +€3,000
new in 2025: €3,000
- Trade debts +€42,198
up €42,198 (+124.4%), from €33,925 to €76,123
- Tax, wage and social debts +€34,407
up €34,407 (+5854.9%), from €588 to €34,995
of which Remuneration and social security: +€29,400
- Profit (loss) carried forward +€20,029
up €20,029 (+852.1%), from €2,351 to €22,380
- Other debts -€14,403
down €14,403 (-36.2%), from €39,744 to €25,341
- Turnover -€564,633
no longer reported in 2025 (was €564,633)
- Purchases and services -€558,064
no longer reported in 2025 (was €558,064)
- Gross operating margin +€24,373
up €24,373 (+371.0%), from €6,569 to €30,942
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 | €77,608 | €159,840 | +€82,232 | +106.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €11,823 | €21,423 | +€9,600 | +81.2% |
| Tangible fixed assets | 22/27 | €11,823 | €18,423 | +€6,600 | +55.8% |
| Plant, machinery and equipment | 23 | €1,714 | €948 | -€766 | -44.7% |
| Furniture and vehicles | 24 | €10,109 | €17,475 | +€7,366 | +72.9% |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €65,785 | €138,417 | +€72,632 | +110.4% |
| Amounts receivable within one year | 40/41 | €51,530 | €114,629 | +€63,099 | +122.5% |
| Trade receivables | 40 | €39,540 | €94,025 | +€54,485 | +137.8% |
| Other amounts receivable | 41 | €11,990 | €20,603 | +€8,613 | +71.8% |
| Cash at bank and in hand | 54/58 | €14,255 | €23,788 | +€9,533 | +66.9% |
| Total equity and liabilities | 10/49 | €77,608 | €159,840 | +€82,232 | +106.0% |
| Equity | 10/15 | €3,351 | €23,380 | +€20,029 | +597.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,351 | €22,380 | +€20,029 | +852.1% |
| Amounts payable | 17/49 | €74,257 | €136,460 | +€62,203 | +83.8% |
| Amounts payable within one year | 42/48 | €74,257 | €136,460 | +€62,203 | +83.8% |
| Trade debts | 44 | €33,925 | €76,123 | +€42,198 | +124.4% |
| Suppliers | 440/4 | €33,925 | €76,123 | +€42,198 | +124.4% |
| Taxes, remuneration and social security | 45 | €588 | €34,995 | +€34,407 | +5854.9% |
| Taxes | 450/3 | €588 | €5,595 | +€5,007 | +852.1% |
| Remuneration and social security | 454/9 | - | €29,400 | +€29,400 | |
| Other amounts payable | 47/48 | €39,744 | €25,341 | -€14,403 | -36.2% |
| Turnover | 70 | €564,633 | - | -€564,633 | |
| Goods, raw materials, services and sundry goods | 60/61 | €558,064 | - | -€558,064 | |
| Remuneration, social security and pensions | 62 | - | €685 | +€685 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,604 | €4,476 | +€1,872 | +71.9% |
| Other operating charges | 640/8 | €839 | €462 | -€376 | -44.9% |
| Gross operating margin | 9900 | €6,569 | €30,942 | +€24,373 | +371.0% |
| Operating profit (loss) | 9901 | €3,126 | €25,318 | +€22,192 | +709.9% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €189 | €281 | +€92 | +48.4% |
| Recurring financial charges | 65 | €189 | €281 | +€92 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | €2,938 | €25,037 | +€22,098 | +752.1% |
| Income taxes | 67/77 | €588 | €5,007 | +€4,420 | +752.1% |
| Profit (loss) for the period | 9904 | €2,351 | €20,029 | +€17,679 | +752.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,351 | €20,029 | +€17,679 | +752.1% |
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 28 September 2026 via checked.be.