Swings on Wings: 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.
Swings on Wings
Largest movements
- Receivables within one year +€8,839
up €8,839 (+430%), from €2,057 to €10,896
of which Trade receivables: +€8,338
- Cash +€8,617
up €8,617 (+51.9%), from €16,619 to €25,236
mainly Net result for the year (+€14,206) and Tax, wage and social debts (+€4,438)
- Intangible fixed assets -€1,910
down €1,910 (-25.5%), from €7,479 to €5,569
- Reserves +€15,706
up €15,706 (+326%), from €4,824 to €20,530
- Tax, wage and social debts +€4,438
up €4,438 (+356%), from €1,248 to €5,686
- Trade debts -€2,763
down €2,763 (-46.3%), from €5,968 to €3,205
- Profit (loss) carried forward -€1,500
down €1,500, from €0 to -€1,500
- Taxes +€3,190
up €3,190 (+256%), from €1,248 to €4,438
- Other operating charges -€480
down €480 (-67.6%), from €710 to €230
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 | €26,155 | €41,702 | +€15,547 | +59.4% |
| Fixed assets | 21/28 | €7,479 | €5,569 | -€1,910 | -25.5% |
| Intangible fixed assets | 21 | €7,479 | €5,569 | -€1,910 | -25.5% |
| Current assets | 29/58 | €18,676 | €36,132 | +€17,456 | +93.5% |
| Amounts receivable within one year | 40/41 | €2,057 | €10,896 | +€8,839 | +430% |
| Trade receivables | 40 | €1,781 | €10,119 | +€8,338 | +468% |
| Other amounts receivable | 41 | €276 | €777 | +€501 | +182% |
| Cash at bank and in hand | 54/58 | €16,619 | €25,236 | +€8,617 | +51.9% |
| Total equity and liabilities | 10/49 | €26,155 | €41,702 | +€15,547 | +59.4% |
| Equity | 10/15 | €17,824 | €32,030 | +€14,206 | +79.7% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €4,824 | €20,530 | +€15,706 | +326% |
| Distributable reserves | 133 | €4,824 | €20,530 | +€15,706 | +326% |
| Profit (loss) carried forward | 14 | €0 | -€1,500 | -€1,500 | |
| Amounts payable | 17/49 | €8,331 | €9,672 | +€1,341 | +16.1% |
| Amounts payable within one year | 42/48 | €8,331 | €9,672 | +€1,341 | +16.1% |
| Trade debts | 44 | €5,968 | €3,205 | -€2,763 | -46.3% |
| Suppliers | 440/4 | €5,968 | €3,205 | -€2,763 | -46.3% |
| Taxes, remuneration and social security | 45 | €1,248 | €5,686 | +€4,438 | +356% |
| Taxes | 450/3 | €1,248 | €5,686 | +€4,438 | +356% |
| Other amounts payable | 47/48 | €1,115 | €781 | -€335 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,740 | €1,910 | +€170 | +9.8% |
| Other operating charges | 640/8 | €710 | €230 | -€480 | -67.6% |
| Gross operating margin | 9900 | €20,864 | €21,016 | +€152 | +0.7% |
| Operating profit (loss) | 9901 | €18,414 | €18,877 | +€462 | +2.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €369 | €233 | -€136 | -36.9% |
| Recurring financial charges | 65 | €369 | €233 | -€136 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €18,046 | €18,644 | +€598 | +3.3% |
| Income taxes | 67/77 | €1,248 | €4,438 | +€3,190 | +256% |
| Profit (loss) for the period | 9904 | €16,798 | €14,206 | -€2,592 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,798 | €14,206 | -€2,592 | -15.4% |
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 23 October 2026 via checked.be.