SWIMAT: 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.
SWIMAT
Largest movements
- Tangible fixed assets -€4,480
down €4,480 (-86.9%), from €5,155 to €675
- Receivables within one year +€2,013
up €2,013 (+119.8%), from €1,680 to €3,692
of which Trade receivables: +€1,859
- Cash +€1,487
up €1,487 (+641.8%), from €232 to €1,719
mainly Depreciation (+€4,480) and Advances received (+€1,550)
- Deferred charges and accrued income +€410
new in 2025: €410
- Current portion of long-term debt -€3,460
down €3,460 (-74.9%), from €4,618 to €1,158
- Advances received +€1,550
new in 2025: €1,550
- Profit (loss) carried forward +€1,305
up €1,305 (+6.2%), from -€20,981 to -€19,676
- Debts after one year -€1,158
no longer reported in 2025 (was €1,158)
- Tax, wage and social debts +€991
up €991 (+72.7%), from €1,364 to €2,355
of which Remuneration and social security: +€895
- Gross operating margin +€10,052
up €10,052, from -€3,906 to €6,146
- Other operating charges -€363
down €363 (-66.0%), from €551 to €187
- Taxes -€108
down €108 (-52.9%), from €205 to €96
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 | €9,832 | €9,261 | -€571 | -5.8% |
| Fixed assets | 21/28 | €7,920 | €3,440 | -€4,480 | -56.6% |
| Tangible fixed assets | 22/27 | €5,155 | €675 | -€4,480 | -86.9% |
| Furniture and vehicles | 24 | €5,155 | €675 | -€4,480 | -86.9% |
| Financial fixed assets | 28 | €2,765 | €2,765 | = | 0.0% |
| Current assets | 29/58 | €1,912 | €5,821 | +€3,909 | +204.5% |
| Amounts receivable within one year | 40/41 | €1,680 | €3,692 | +€2,013 | +119.8% |
| Trade receivables | 40 | €1,106 | €2,965 | +€1,859 | +168.0% |
| Other amounts receivable | 41 | €573 | €727 | +€154 | +26.8% |
| Cash at bank and in hand | 54/58 | €232 | €1,719 | +€1,487 | +641.8% |
| Deferred charges and accrued income | 490/1 | - | €410 | +€410 | |
| Total equity and liabilities | 10/49 | €9,832 | €9,261 | -€571 | -5.8% |
| Equity | 10/15 | -€2,075 | -€770 | +€1,305 | +62.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €306 | €306 | = | 0.0% |
| Distributable reserves | 133 | €306 | €306 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,981 | -€19,676 | +€1,305 | +6.2% |
| Amounts payable | 17/49 | €11,906 | €10,031 | -€1,876 | -15.8% |
| Amounts payable after more than one year | 17 | €1,158 | - | -€1,158 | |
| Financial debts | 170/4 | €1,158 | - | -€1,158 | |
| Amounts payable within one year | 42/48 | €10,748 | €10,031 | -€718 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €4,618 | €1,158 | -€3,460 | -74.9% |
| Trade debts | 44 | €1,191 | €1,490 | +€300 | +25.2% |
| Suppliers | 440/4 | €1,191 | €1,490 | +€300 | +25.2% |
| Advances received on contracts in progress | 46 | - | €1,550 | +€1,550 | |
| Taxes, remuneration and social security | 45 | €1,364 | €2,355 | +€991 | +72.7% |
| Taxes | 450/3 | €205 | €301 | +€96 | +47.1% |
| Remuneration and social security | 454/9 | €1,159 | €2,054 | +€895 | +77.2% |
| Other amounts payable | 47/48 | €3,576 | €3,477 | -€99 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,480 | €4,480 | = | 0.0% |
| Other operating charges | 640/8 | €551 | €187 | -€363 | -66.0% |
| Gross operating margin | 9900 | -€3,906 | €6,146 | +€10,052 | |
| Operating profit (loss) | 9901 | -€8,936 | €1,479 | +€10,415 | |
| Financial charges | 65/66B | €91 | €77 | -€14 | -15.5% |
| Recurring financial charges | 65 | €91 | €77 | -€14 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,028 | €1,402 | +€10,429 | |
| Income taxes | 67/77 | €205 | €96 | -€108 | -52.9% |
| Profit (loss) for the period | 9904 | -€9,233 | €1,305 | +€10,538 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,233 | €1,305 | +€10,538 |
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 11 October 2026 via checked.be.