SWIMMY: 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.
SWIMMY
Largest movements
- Financial fixed assets -€70,000
down €70,000 (-8.4%), from €835,500 to €765,500
- Cash -€19,697
down €19,697 (-43.7%), from €45,081 to €25,384
mainly Contributions, distributions and other (-€182,211) and Debts after one year (-€22,610)
- Reserves -€148,505
down €148,505 (-23.6%), from €628,418 to €479,913
- Other debts +€108,116
up €108,116 (+606.1%), from €17,837 to €125,953
- Debts after one year -€22,610
down €22,610 (-19.9%), from €113,670 to €91,060
- Tax, wage and social debts -€13,287
down €13,287 (-57.5%), from €23,113 to €9,826
- Financial income -€64,999
down €64,999 (-100.0%), from €65,000 to €1
- Gross operating margin -€49,833
down €49,833 (-41.5%), from €120,022 to €70,189
- Taxes -€46,004
down €46,004 (-73.3%), from €62,743 to €16,739
- Financial charges +€3,470
up €3,470 (+94.7%), from €3,666 to €7,137
- Other operating charges -€2,436
down €2,436 (-58.9%), from €4,140 to €1,703
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 | €1,216,025 | €1,142,756 | -€73,269 | -6.0% |
| Fixed assets | 21/28 | €1,158,949 | €1,100,270 | -€58,679 | -5.1% |
| Tangible fixed assets | 22/27 | €323,449 | €334,770 | +€11,321 | +3.5% |
| Land and buildings | 22 | €310,955 | €303,473 | -€7,482 | -2.4% |
| Plant, machinery and equipment | 23 | €772 | €1,794 | +€1,021 | +132.2% |
| Other tangible fixed assets | 26 | €11,721 | €29,503 | +€17,782 | +151.7% |
| Financial fixed assets | 28 | €835,500 | €765,500 | -€70,000 | -8.4% |
| Current assets | 29/58 | €57,077 | €42,486 | -€14,591 | -25.6% |
| Amounts receivable within one year | 40/41 | €6,664 | €14,611 | +€7,948 | +119.3% |
| Trade receivables | 40 | €5,694 | €14,611 | +€8,918 | +156.6% |
| Other amounts receivable | 41 | €970 | €0 | -€970 | -100.0% |
| Cash at bank and in hand | 54/58 | €45,081 | €25,384 | -€19,697 | -43.7% |
| Deferred charges and accrued income | 490/1 | €5,332 | €2,490 | -€2,842 | -53.3% |
| Total equity and liabilities | 10/49 | €1,216,025 | €1,142,756 | -€73,269 | -6.0% |
| Equity | 10/15 | €1,025,034 | €876,528 | -€148,505 | -14.5% |
| Contributions | 10/11 | €396,616 | €396,616 | = | 0.0% |
| Reserves | 13 | €628,418 | €479,913 | -€148,505 | -23.6% |
| Distributable reserves | 133 | €628,418 | €479,913 | -€148,505 | -23.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €190,992 | €266,228 | +€75,236 | +39.4% |
| Amounts payable after more than one year | 17 | €113,670 | €91,060 | -€22,610 | -19.9% |
| Financial debts | 170/4 | €113,670 | €91,060 | -€22,610 | -19.9% |
| Amounts payable within one year | 42/48 | €76,471 | €170,136 | +€93,665 | +122.5% |
| Current portion of amounts payable after more than one year | 42 | €34,070 | €30,276 | -€3,794 | -11.1% |
| Financial debts | 43 | €15 | €15 | = | 0.0% |
| Credit institutions | 430/8 | €15 | €15 | = | 0.0% |
| Trade debts | 44 | €1,436 | €3,848 | +€2,412 | +167.9% |
| Suppliers | 440/4 | €1,436 | €3,848 | +€2,412 | +167.9% |
| Advances received on contracts in progress | 46 | - | €218 | +€218 | |
| Taxes, remuneration and social security | 45 | €23,113 | €9,826 | -€13,287 | -57.5% |
| Taxes | 450/3 | €23,113 | €9,826 | -€13,287 | -57.5% |
| Other amounts payable | 47/48 | €17,837 | €125,953 | +€108,116 | +606.1% |
| Accrued charges and deferred income | 492/3 | €851 | €5,032 | +€4,181 | +491.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,229 | €10,904 | +€676 | +6.6% |
| Other operating charges | 640/8 | €4,140 | €1,703 | -€2,436 | -58.9% |
| Gross operating margin | 9900 | €120,022 | €70,189 | -€49,833 | -41.5% |
| Operating profit (loss) | 9901 | €105,653 | €57,581 | -€48,073 | -45.5% |
| Financial income | 75/76B | €65,000 | €1 | -€64,999 | -100.0% |
| Recurring financial income | 75 | €65,000 | €1 | -€64,999 | -100.0% |
| Financial charges | 65/66B | €3,666 | €7,137 | +€3,470 | +94.7% |
| Recurring financial charges | 65 | €3,666 | €7,137 | +€3,470 | +94.7% |
| Profit (loss) for the period before taxes | 9903 | €166,987 | €50,445 | -€116,542 | -69.8% |
| Income taxes | 67/77 | €62,743 | €16,739 | -€46,004 | -73.3% |
| Profit (loss) for the period | 9904 | €104,244 | €33,705 | -€70,538 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €104,244 | €33,705 | -€70,538 | -67.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.