SWINGPALEIS: 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.
SWINGPALEIS
Largest movements
- Receivables within one year +€12,474
up €12,474 (+84.4%), from €14,772 to €27,245
of which Trade receivables: +€17,118
- Tangible fixed assets +€10,711
up €10,711 (+79.4%), from €13,485 to €24,195
of which Plant, machinery and equipment: +€9,817
- Cash -€4,259
down €4,259 (-3.5%), from €120,148 to €115,889
mainly Investment in fixed assets (net) (-€18,640) and Receivables within one year (-€12,474)
- Profit (loss) carried forward +€19,558
up €19,558 (+17.6%), from -€110,821 to -€91,263
- Trade debts -€7,964
down €7,964 (-46.2%), from €17,253 to €9,289
- Tax, wage and social debts +€5,591
up €5,591 (+132.7%), from €4,213 to €9,804
- Depreciation +€2,422
up €2,422 (+44.0%), from €5,507 to €7,929
- Gross operating margin -€2,289
down €2,289 (-6.8%), from €33,596 to €31,307
- Other operating charges -€489
down €489 (-12.1%), from €4,050 to €3,561
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,954 | €175,727 | +€18,773 | +12.0% |
| Fixed assets | 21/28 | €13,485 | €24,195 | +€10,711 | +79.4% |
| Tangible fixed assets | 22/27 | €13,485 | €24,195 | +€10,711 | +79.4% |
| Plant, machinery and equipment | 23 | €8,091 | €17,908 | +€9,817 | +121.3% |
| Furniture and vehicles | 24 | €5,394 | €6,287 | +€893 | +16.6% |
| Current assets | 29/58 | €143,469 | €151,532 | +€8,063 | +5.6% |
| Stocks and contracts in progress | 3 | €1,561 | €1,720 | +€160 | +10.2% |
| Stocks | 30/36 | €1,561 | €1,720 | +€160 | +10.2% |
| Amounts receivable within one year | 40/41 | €14,772 | €27,245 | +€12,474 | +84.4% |
| Trade receivables | 40 | €5,528 | €22,646 | +€17,118 | +309.6% |
| Other amounts receivable | 41 | €9,244 | €4,600 | -€4,644 | -50.2% |
| Cash at bank and in hand | 54/58 | €120,148 | €115,889 | -€4,259 | -3.5% |
| Deferred charges and accrued income | 490/1 | €6,988 | €6,677 | -€311 | -4.5% |
| Total equity and liabilities | 10/49 | €156,954 | €175,727 | +€18,773 | +12.0% |
| Equity | 10/15 | -€90,821 | -€71,263 | +€19,558 | +21.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,821 | -€91,263 | +€19,558 | +17.6% |
| Amounts payable | 17/49 | €247,775 | €246,990 | -€784 | -0.3% |
| Amounts payable within one year | 42/48 | €247,775 | €246,990 | -€784 | -0.3% |
| Trade debts | 44 | €17,253 | €9,289 | -€7,964 | -46.2% |
| Suppliers | 440/4 | €17,253 | €9,289 | -€7,964 | -46.2% |
| Taxes, remuneration and social security | 45 | €4,213 | €9,804 | +€5,591 | +132.7% |
| Taxes | 450/3 | €4,213 | €9,804 | +€5,591 | +132.7% |
| Other amounts payable | 47/48 | €226,309 | €227,897 | +€1,588 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,507 | €7,929 | +€2,422 | +44.0% |
| Other operating charges | 640/8 | €4,050 | €3,561 | -€489 | -12.1% |
| Gross operating margin | 9900 | €33,596 | €31,307 | -€2,289 | -6.8% |
| Operating profit (loss) | 9901 | €24,039 | €19,818 | -€4,221 | -17.6% |
| Financial income | 75/76B | €11 | €12 | +€1 | +6.3% |
| Recurring financial income | 75 | €11 | €12 | +€1 | +6.3% |
| Financial charges | 65/66B | €107 | €124 | +€17 | +16.0% |
| Recurring financial charges | 65 | €107 | €124 | +€17 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €23,944 | €19,706 | -€4,237 | -17.7% |
| Income taxes | 67/77 | - | €148 | +€148 | |
| Profit (loss) for the period | 9904 | €23,944 | €19,558 | -€4,386 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,944 | €19,558 | -€4,386 | -18.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.