SWIGGLEVISION: 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.
SWIGGLEVISION
Largest movements
- Receivables within one year +€25,818
up €25,818 (+175%), from €14,759 to €40,577
of which Trade receivables: +€20,561
- Tangible fixed assets +€23,596
up €23,596 (+92.1%), from €25,627 to €49,222
of which Furniture and vehicles: +€24,622
- Cash -€23,442
down €23,442 (-22.7%), from €103,362 to €79,921
mainly Investment in fixed assets (net) (-€28,423) and Receivables within one year (-€25,818)
- Deferred charges and accrued income -€5,785
down €5,785 (-14.5%), from €39,878 to €34,093
- Tax, wage and social debts +€8,472
up €8,472 (+582%), from €1,455 to €9,927
of which Taxes: +€8,408
- Other debts -€7,391
no longer reported in 2025 (was €7,391)
- Profit (loss) carried forward +€7,133
up €7,133 (+5.5%), from €129,107 to €136,240
- Debts after one year +€6,358
new in 2025: €6,358
- Current portion of long-term debt +€6,142
new in 2025: €6,142
- Gross operating margin +€22,353
up €22,353, from -€4,229 to €18,124
- Taxes +€3,271
up €3,271 (+1,425%), from €230 to €3,500
- Depreciation +€1,055
up €1,055 (+24.7%), from €4,271 to €5,326
- Other operating charges -€279
down €279 (-16.3%), from €1,710 to €1,432
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 | €184,125 | €203,813 | +€19,688 | +10.7% |
| Fixed assets | 21/28 | €26,125 | €49,222 | +€23,097 | +88.4% |
| Tangible fixed assets | 22/27 | €25,627 | €49,222 | +€23,596 | +92.1% |
| Plant, machinery and equipment | 23 | €1,291 | €1,401 | +€110 | +8.5% |
| Furniture and vehicles | 24 | €2,442 | €27,064 | +€24,622 | +1,008% |
| Other tangible fixed assets | 26 | €21,893 | €20,757 | -€1,136 | -5.2% |
| Financial fixed assets | 28 | €499 | - | -€499 | |
| Current assets | 29/58 | €158,000 | €154,591 | -€3,409 | -2.2% |
| Amounts receivable within one year | 40/41 | €14,759 | €40,577 | +€25,818 | +175% |
| Trade receivables | 40 | - | €20,561 | +€20,561 | |
| Other amounts receivable | 41 | €14,759 | €20,016 | +€5,257 | +35.6% |
| Cash at bank and in hand | 54/58 | €103,362 | €79,921 | -€23,442 | -22.7% |
| Deferred charges and accrued income | 490/1 | €39,878 | €34,093 | -€5,785 | -14.5% |
| Total equity and liabilities | 10/49 | €184,125 | €203,813 | +€19,688 | +10.7% |
| Equity | 10/15 | €173,621 | €180,754 | +€7,133 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,914 | €25,914 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €24,054 | €24,054 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,107 | €136,240 | +€7,133 | +5.5% |
| Amounts payable | 17/49 | €10,504 | €23,059 | +€12,555 | +120% |
| Amounts payable after more than one year | 17 | - | €6,358 | +€6,358 | |
| Financial debts | 170/4 | - | €6,358 | +€6,358 | |
| Amounts payable within one year | 42/48 | €10,504 | €16,507 | +€6,003 | +57.2% |
| Current portion of amounts payable after more than one year | 42 | - | €6,142 | +€6,142 | |
| Trade debts | 44 | €1,657 | €438 | -€1,219 | -73.5% |
| Suppliers | 440/4 | €1,657 | €438 | -€1,219 | -73.5% |
| Taxes, remuneration and social security | 45 | €1,455 | €9,927 | +€8,472 | +582% |
| Taxes | 450/3 | €155 | €8,563 | +€8,408 | +5,429% |
| Remuneration and social security | 454/9 | €1,300 | €1,364 | +€64 | +4.9% |
| Other amounts payable | 47/48 | €7,391 | - | -€7,391 | |
| Accrued charges and deferred income | 492/3 | - | €194 | +€194 | |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,271 | €5,326 | +€1,055 | +24.7% |
| Other operating charges | 640/8 | €1,710 | €1,432 | -€279 | -16.3% |
| Non-recurring operating charges | 66A | €1,432 | - | -€1,432 | |
| Gross operating margin | 9900 | -€4,229 | €18,124 | +€22,353 | |
| Operating profit (loss) | 9901 | -€11,642 | €11,367 | +€23,008 | |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €689 | €764 | +€75 | +10.9% |
| Recurring financial charges | 65 | €689 | €764 | +€75 | +10.9% |
| Profit (loss) for the period before taxes | 9903 | -€12,331 | €10,633 | +€22,963 | |
| Income taxes | 67/77 | €230 | €3,500 | +€3,271 | +1,425% |
| Profit (loss) for the period | 9904 | -€12,560 | €7,133 | +€19,693 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,560 | €7,133 | +€19,693 |
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 21 October 2026 via checked.be.