SWING CONSULTING: 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.
SWING CONSULTING
Largest movements
- Cash +€4.5m
up €4.5m (+1,336%), from €334,633 to €4.8m
mainly Net result for the year (+€3.5m) and Short-term financial debts (+€3.2m)
- Current investments +€2.3m
up €2.3m (+4.7%), from €48.3m to €50.6m
- Short-term financial debts +€3.2m
new in 2025: €3.2m
- Other debts +€2.0m
up €2.0m (+47.4%), from €4.1m to €6.1m
- Tax, wage and social debts +€1.9m
up €1.9m (+3,123%), from €59,335 to €1.9m
- Financial income +€2.7m
up €2.7m (+43.5%), from €6.3m to €9.0m
- Taxes +€1.0m
up €1.0m (+81.4%), from €1.2m to €2.3m
- Financial charges +€785,410
up €785,410 (+57.4%), from €1.4m to €2.2m
- Gross operating margin -€133,732
down €133,732 (-21.0%), from -€637,882 to -€771,613
- Other operating charges +€100,896
up €100,896 (+42.4%), from €238,070 to €338,966
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 | €61,785,632 | €68,240,627 | +€6.5m | +10.4% |
| Fixed assets | 21/28 | €3,158,402 | €3,347,872 | +€189,470 | +6.0% |
| Tangible fixed assets | 22/27 | €74,999 | €41,625 | -€33,374 | -44.5% |
| Furniture and vehicles | 24 | €66,460 | €34,941 | -€31,519 | -47.4% |
| Other tangible fixed assets | 26 | €8,540 | €6,685 | -€1,855 | -21.7% |
| Financial fixed assets | 28 | €3,083,402 | €3,306,246 | +€222,844 | +7.2% |
| Current assets | 29/58 | €58,627,230 | €64,892,755 | +€6.3m | +10.7% |
| Amounts receivable after more than one year | 29 | €8,811,692 | €8,480,373 | -€331,318 | -3.8% |
| Other amounts receivable | 291 | €8,811,692 | €8,480,373 | -€331,318 | -3.8% |
| Amounts receivable within one year | 40/41 | €1,051,339 | €940,512 | -€110,827 | -10.5% |
| Trade receivables | 40 | €246,917 | €97,605 | -€149,312 | -60.5% |
| Other amounts receivable | 41 | €804,422 | €842,907 | +€38,485 | +4.8% |
| Current investments | 50/53 | €48,332,890 | €50,583,212 | +€2.3m | +4.7% |
| Cash at bank and in hand | 54/58 | €334,633 | €4,806,723 | +€4.5m | +1,336% |
| Deferred charges and accrued income | 490/1 | €96,676 | €81,934 | -€14,742 | -15.2% |
| Total equity and liabilities | 10/49 | €61,785,632 | €68,240,627 | +€6.5m | +10.4% |
| Equity | 10/15 | €56,913,282 | €56,867,386 | -€45,896 | -0.1% |
| Contributions | 10/11 | €45,681,295 | €45,681,295 | = | 0.0% |
| Reserves | 13 | €11,231,987 | €11,186,092 | -€45,896 | -0.4% |
| Distributable reserves | 133 | €11,231,987 | €11,186,092 | -€45,896 | -0.4% |
| Amounts payable | 17/49 | €4,872,350 | €11,373,240 | +€6.5m | +133% |
| Amounts payable within one year | 42/48 | €4,418,202 | €11,333,928 | +€6.9m | +157% |
| Financial debts | 43 | - | €3,170,737 | +€3.2m | |
| Credit institutions | 430/8 | - | €3,170,737 | +€3.2m | |
| Trade debts | 44 | €227,218 | €162,104 | -€65,114 | -28.7% |
| Suppliers | 440/4 | €227,218 | €162,104 | -€65,114 | -28.7% |
| Taxes, remuneration and social security | 45 | €59,335 | €1,912,283 | +€1.9m | +3,123% |
| Taxes | 450/3 | €59,335 | €1,912,283 | +€1.9m | +3,123% |
| Other amounts payable | 47/48 | €4,131,650 | €6,088,805 | +€2.0m | +47.4% |
| Accrued charges and deferred income | 492/3 | €454,147 | €39,312 | -€414,835 | -91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,254 | €33,374 | +€1,120 | +3.5% |
| Other operating charges | 640/8 | €238,070 | €338,966 | +€100,896 | +42.4% |
| Gross operating margin | 9900 | -€637,882 | -€771,613 | -€133,732 | -21.0% |
| Operating profit (loss) | 9901 | -€908,206 | -€1,143,954 | -€235,747 | -26.0% |
| Financial income | 75/76B | €6,276,464 | €9,004,739 | +€2.7m | +43.5% |
| Recurring financial income | 75 | €6,276,464 | €9,004,739 | +€2.7m | +43.5% |
| Financial charges | 65/66B | €1,368,263 | €2,153,673 | +€785,410 | +57.4% |
| Recurring financial charges | 65 | €1,368,263 | €2,153,673 | +€785,410 | +57.4% |
| Profit (loss) for the period before taxes | 9903 | €3,999,994 | €5,707,112 | +€1.7m | +42.7% |
| Income taxes | 67/77 | €1,242,202 | €2,253,008 | +€1.0m | +81.4% |
| Profit (loss) for the period | 9904 | €2,757,792 | €3,454,104 | +€696,312 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,757,792 | €3,454,104 | +€696,312 | +25.2% |
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 18 October 2026 via checked.be.