SwingLab: what changed
Two fiscal 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.
SwingLab
Largest movements
- Receivables within one year +€19,536
up €19,536 (+1676.2%), from €1,166 to €20,702
of which Trade receivables: +€18,243
- Cash +€10,713
up €10,713 (+35.7%), from €30,037 to €40,750
mainly Depreciation (+€44,127) and Net result for the year (+€21,809)
- Deferred charges and accrued income +€3,700
new in 2025: €3,700
- Tangible fixed assets -€3,110
down €3,110 (-1.8%), from €169,620 to €166,510
of which Other tangible fixed assets: -€16,045
- Profit (loss) carried forward +€21,809
up €21,809 (+35.2%), from -€62,038 to -€40,229
- Trade debts -€16,500
down €16,500 (-28.6%), from €57,607 to €41,108
- Debts after one year +€15,627
up €15,627 (+14.1%), from €110,890 to €126,518
- Current portion of long-term debt +€9,949
up €9,949 (+40.5%), from €24,545 to €34,494
- Purchases and services -€108,234
no longer reported in 2025 (was €108,234)
- Turnover -€100,543
no longer reported in 2025 (was €100,543)
- Gross operating margin +€85,171
up €85,171, from -€7,691 to €77,481
- Other operating charges +€1,432
up €1,432 (+79.7%), from €1,796 to €3,229
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 | €200,823 | €231,661 | +€30,838 | +15.4% |
| Fixed assets | 21/28 | €169,620 | €166,510 | -€3,110 | -1.8% |
| Tangible fixed assets | 22/27 | €169,620 | €166,510 | -€3,110 | -1.8% |
| Plant, machinery and equipment | 23 | €97,683 | €89,262 | -€8,421 | -8.6% |
| Furniture and vehicles | 24 | €569 | €21,925 | +€21,356 | +3750.4% |
| Other tangible fixed assets | 26 | €71,368 | €55,323 | -€16,045 | -22.5% |
| Current assets | 29/58 | €31,203 | €65,151 | +€33,948 | +108.8% |
| Amounts receivable within one year | 40/41 | €1,166 | €20,702 | +€19,536 | +1676.2% |
| Trade receivables | 40 | €1,166 | €19,408 | +€18,243 | +1565.2% |
| Other amounts receivable | 41 | - | €1,293 | +€1,293 | |
| Cash at bank and in hand | 54/58 | €30,037 | €40,750 | +€10,713 | +35.7% |
| Deferred charges and accrued income | 490/1 | - | €3,700 | +€3,700 | |
| Total equity and liabilities | 10/49 | €200,823 | €231,661 | +€30,838 | +15.4% |
| Equity | 10/15 | -€8,038 | €13,771 | +€21,809 | |
| Contributions | 10/11 | €54,000 | €54,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,038 | -€40,229 | +€21,809 | +35.2% |
| Amounts payable | 17/49 | €208,861 | €217,890 | +€9,029 | +4.3% |
| Amounts payable after more than one year | 17 | €110,890 | €126,518 | +€15,627 | +14.1% |
| Financial debts | 170/4 | €110,890 | €126,518 | +€15,627 | +14.1% |
| Amounts payable within one year | 42/48 | €97,971 | €91,373 | -€6,598 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €24,545 | €34,494 | +€9,949 | +40.5% |
| Trade debts | 44 | €57,607 | €41,108 | -€16,500 | -28.6% |
| Suppliers | 440/4 | €57,607 | €41,108 | -€16,500 | -28.6% |
| Taxes, remuneration and social security | 45 | €966 | - | -€966 | |
| Taxes | 450/3 | €966 | - | -€966 | |
| Other amounts payable | 47/48 | €14,852 | €15,772 | +€919 | +6.2% |
| Turnover | 70 | €100,543 | - | -€100,543 | |
| Goods, raw materials, services and sundry goods | 60/61 | €108,234 | - | -€108,234 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,590 | €44,127 | -€464 | -1.0% |
| Other operating charges | 640/8 | €1,796 | €3,229 | +€1,432 | +79.7% |
| Gross operating margin | 9900 | -€7,691 | €77,481 | +€85,171 | |
| Operating profit (loss) | 9901 | -€54,077 | €30,125 | +€84,203 | |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €7,961 | €8,356 | +€395 | +5.0% |
| Recurring financial charges | 65 | €7,961 | €8,356 | +€395 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | -€62,038 | €21,809 | +€83,847 | |
| Profit (loss) for the period | 9904 | -€62,038 | €21,809 | +€83,847 | |
| Profit (loss) for the period to be appropriated | 9905 | -€62,038 | €21,809 | +€83,847 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.