SWINGACTIONS: 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.
SWINGACTIONS
Largest movements
- Receivables within one year +€11,666
up €11,666 (+37.0%), from €31,528 to €43,194
of which Other amounts receivable: +€10,205
- Tangible fixed assets -€8,500
down €8,500 (-5.8%), from €147,452 to €138,952
of which Land and buildings: -€7,892
- Debts after one year -€23,376
down €23,376 (-42.8%), from €54,644 to €31,268
- Reserves +€15,623
up €15,623 (+13.8%), from €113,502 to €129,125
of which Distributable reserves: +€15,623
- Trade debts +€11,622
up €11,622 (+58.0%), from €20,027 to €31,649
- Gross operating margin -€5,051
down €5,051 (-11.0%), from €45,977 to €40,925
- Financial charges -€2,003
down €2,003 (-26.1%), from €7,674 to €5,671
- Taxes -€1,015
down €1,015 (-11.2%), from €9,038 to €8,023
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 | €232,104 | €235,025 | +€2,921 | +1.3% |
| Fixed assets | 21/28 | €147,673 | €139,173 | -€8,500 | -5.8% |
| Tangible fixed assets | 22/27 | €147,452 | €138,952 | -€8,500 | -5.8% |
| Land and buildings | 22 | €146,523 | €138,631 | -€7,892 | -5.4% |
| Furniture and vehicles | 24 | €929 | €321 | -€608 | -65.4% |
| Financial fixed assets | 28 | €221 | €221 | = | 0.0% |
| Current assets | 29/58 | €84,431 | €95,852 | +€11,420 | +13.5% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,528 | €43,194 | +€11,666 | +37.0% |
| Trade receivables | 40 | €8,678 | €10,139 | +€1,461 | +16.8% |
| Other amounts receivable | 41 | €22,850 | €33,055 | +€10,205 | +44.7% |
| Cash at bank and in hand | 54/58 | €113 | €1,550 | +€1,437 | +1,273% |
| Deferred charges and accrued income | 490/1 | €2,791 | €1,107 | -€1,684 | -60.3% |
| Total equity and liabilities | 10/49 | €232,104 | €235,025 | +€2,921 | +1.3% |
| Equity | 10/15 | €119,702 | €135,325 | +€15,623 | +13.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €113,502 | €129,125 | +€15,623 | +13.8% |
| Tax-exempt reserves | 132 | €5,220 | €5,220 | = | 0.0% |
| Distributable reserves | 133 | €108,282 | €123,905 | +€15,623 | +14.4% |
| Amounts payable | 17/49 | €112,402 | €99,699 | -€12,703 | -11.3% |
| Amounts payable after more than one year | 17 | €54,644 | €31,268 | -€23,376 | -42.8% |
| Financial debts | 170/4 | €54,644 | €31,268 | -€23,376 | -42.8% |
| Amounts payable within one year | 42/48 | €57,758 | €68,432 | +€10,673 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €32,071 | €33,376 | +€1,305 | +4.1% |
| Financial debts | 43 | €1,748 | - | -€1,748 | |
| Credit institutions | 430/8 | €1,748 | - | -€1,748 | |
| Trade debts | 44 | €20,027 | €31,649 | +€11,622 | +58.0% |
| Suppliers | 440/4 | €20,027 | €31,649 | +€11,622 | +58.0% |
| Taxes, remuneration and social security | 45 | €3,912 | €3,406 | -€506 | -12.9% |
| Taxes | 450/3 | €3,342 | €3,406 | +€64 | +1.9% |
| Remuneration and social security | 454/9 | €570 | - | -€570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,474 | €8,500 | +€26 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €150 | - | -€150 | |
| Other operating charges | 640/8 | €2,681 | €3,116 | +€435 | +16.2% |
| Gross operating margin | 9900 | €45,977 | €40,925 | -€5,051 | -11.0% |
| Operating profit (loss) | 9901 | €34,672 | €29,309 | -€5,362 | -15.5% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €7,674 | €5,671 | -€2,003 | -26.1% |
| Recurring financial charges | 65 | €7,674 | €5,671 | -€2,003 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €26,998 | €23,647 | -€3,351 | -12.4% |
| Income taxes | 67/77 | €9,038 | €8,023 | -€1,015 | -11.2% |
| Profit (loss) for the period | 9904 | €17,960 | €15,623 | -€2,336 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,960 | €15,623 | -€2,336 | -13.0% |
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.