Swimwise: 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.
Swimwise
Largest movements
- Tangible fixed assets +€499,195
new in 2025: €499,195
- Receivables within one year +€117,061
up €117,061 (+733%), from €15,960 to €133,021
of which Other amounts receivable: +€101,521
- Intangible fixed assets +€33,075
new in 2025: €33,075
- Debts after one year +€416,474
new in 2025: €416,474
- Trade debts +€209,575
new in 2025: €209,575
- Advances received +€25,243
new in 2025: €25,243
- Other debts -€10,469
no longer reported in 2025 (was €10,469)
- Reserves +€7,721
new in 2025: €7,721
- Gross operating margin +€25,105
up €25,105, from -€1,050 to €24,055
- Depreciation +€10,616
new in 2025: €10,616
- Taxes +€3,846
new in 2025: €3,846
- Other operating charges +€500
up €500 (+458%), from €109 to €609
- Financial charges +€343
up €343 (+386%), from €89 to €432
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,966 | €669,059 | +€653,093 | +4,091% |
| Formation expenses | 20 | - | €1,161 | +€1,161 | |
| Fixed assets | 21/28 | - | €532,270 | +€532,270 | |
| Intangible fixed assets | 21 | - | €33,075 | +€33,075 | |
| Tangible fixed assets | 22/27 | - | €499,195 | +€499,195 | |
| Plant, machinery and equipment | 23 | - | €499,195 | +€499,195 | |
| Current assets | 29/58 | €15,966 | €135,627 | +€119,661 | +749% |
| Amounts receivable within one year | 40/41 | €15,960 | €133,021 | +€117,061 | +733% |
| Trade receivables | 40 | €15,960 | €31,500 | +€15,540 | +97.4% |
| Other amounts receivable | 41 | - | €101,521 | +€101,521 | |
| Cash at bank and in hand | 54/58 | €6 | €2,606 | +€2,600 | +42,695% |
| Total equity and liabilities | 10/49 | €15,966 | €669,059 | +€653,093 | +4,091% |
| Equity | 10/15 | €5,369 | €13,921 | +€8,551 | +159% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €7,721 | +€7,721 | |
| Distributable reserves | 133 | - | €7,721 | +€7,721 | |
| Profit (loss) carried forward | 14 | -€831 | - | +€831 | |
| Amounts payable | 17/49 | €10,597 | €655,138 | +€644,542 | +6,082% |
| Amounts payable after more than one year | 17 | - | €416,474 | +€416,474 | |
| Financial debts | 170/4 | - | €416,474 | +€416,474 | |
| Amounts payable within one year | 42/48 | €10,597 | €238,665 | +€228,068 | +2,152% |
| Trade debts | 44 | - | €209,575 | +€209,575 | |
| Suppliers | 440/4 | - | €209,575 | +€209,575 | |
| Advances received on contracts in progress | 46 | - | €25,243 | +€25,243 | |
| Taxes, remuneration and social security | 45 | €128 | €3,846 | +€3,718 | +2,900% |
| Taxes | 450/3 | €128 | €3,846 | +€3,718 | +2,900% |
| Other amounts payable | 47/48 | €10,469 | - | -€10,469 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €10,616 | +€10,616 | |
| Other operating charges | 640/8 | €109 | €609 | +€500 | +458% |
| Gross operating margin | 9900 | -€1,050 | €24,055 | +€25,105 | |
| Operating profit (loss) | 9901 | -€1,159 | €12,830 | +€13,989 | |
| Financial charges | 65/66B | €89 | €432 | +€343 | +386% |
| Recurring financial charges | 65 | €89 | €432 | +€343 | +386% |
| Profit (loss) for the period before taxes | 9903 | -€1,248 | €12,398 | +€13,646 | |
| Income taxes | 67/77 | - | €3,846 | +€3,846 | |
| Profit (loss) for the period | 9904 | -€1,248 | €8,551 | +€9,799 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,248 | €8,551 | +€9,799 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.