SWINNEN: 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.
SWINNEN
Largest movements
- Receivables within one year +€123,042
up €123,042 (+202.2%), from €60,860 to €183,902
of which Other amounts receivable: +€114,749
- Stocks and contracts -€13,823
down €13,823 (-100.0%), from €13,823 to €0
of which Contracts in progress: -€8,000
- Tangible fixed assets -€10,594
down €10,594 (-100.0%), from €10,594 to €0
of which Plant, machinery and equipment: -€10,319
- Profit (loss) carried forward +€203,737
up €203,737 (+58.5%), from -€348,537 to -€144,800
- Debts after one year -€107,428
down €107,428 (-100.0%), from €107,428 to €0
- Other debts +€74,558
up €74,558 (+652.7%), from €11,423 to €85,981
- Short-term financial debts -€63,611
down €63,611 (-100.0%), from €63,611 to €0
- Trade debts -€20,124
down €20,124 (-24.9%), from €80,749 to €60,625
- Gross operating margin +€320,556
up €320,556, from -€17,071 to €303,485
- Staff costs +€32,242
up €32,242 (+51.8%), from €62,190 to €94,432
- Financial charges +€5,005
up €5,005 (+539.6%), from €927 to €5,932
of which Financial charges: +€5,005
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 | €86,433 | €185,880 | +€99,448 | +115.1% |
| Fixed assets | 21/28 | €10,594 | €0 | -€10,594 | -100.0% |
| Tangible fixed assets | 22/27 | €10,594 | €0 | -€10,594 | -100.0% |
| Plant, machinery and equipment | 23 | €10,319 | €0 | -€10,319 | -100.0% |
| Furniture and vehicles | 24 | €275 | €0 | -€275 | -100.0% |
| Current assets | 29/58 | €75,839 | €185,880 | +€110,042 | +145.1% |
| Stocks and contracts in progress | 3 | €13,823 | €0 | -€13,823 | -100.0% |
| Stocks | 30/36 | €5,823 | €0 | -€5,823 | -100.0% |
| Contracts in progress | 37 | €8,000 | €0 | -€8,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €60,860 | €183,902 | +€123,042 | +202.2% |
| Trade receivables | 40 | €58,986 | €67,279 | +€8,293 | +14.1% |
| Other amounts receivable | 41 | €1,874 | €116,623 | +€114,749 | +6123.4% |
| Cash at bank and in hand | 54/58 | €0 | €1,367 | +€1,367 | |
| Deferred charges and accrued income | 490/1 | €1,155 | €611 | -€544 | -47.1% |
| Total equity and liabilities | 10/49 | €86,433 | €185,880 | +€99,448 | +115.1% |
| Equity | 10/15 | -€227,948 | -€24,212 | +€203,737 | +89.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €58,588 | €58,588 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €52,388 | €52,388 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€348,537 | -€144,800 | +€203,737 | +58.5% |
| Amounts payable | 17/49 | €314,381 | €210,092 | -€104,289 | -33.2% |
| Amounts payable after more than one year | 17 | €107,428 | €0 | -€107,428 | -100.0% |
| Other amounts payable | 178/9 | €107,428 | €0 | -€107,428 | -100.0% |
| Amounts payable within one year | 42/48 | €206,953 | €210,092 | +€3,139 | +1.5% |
| Financial debts | 43 | €63,611 | €0 | -€63,611 | -100.0% |
| Credit institutions | 430/8 | €63,611 | €0 | -€63,611 | -100.0% |
| Trade debts | 44 | €80,749 | €60,625 | -€20,124 | -24.9% |
| Suppliers | 440/4 | €80,749 | €60,625 | -€20,124 | -24.9% |
| Taxes, remuneration and social security | 45 | €51,170 | €63,486 | +€12,316 | +24.1% |
| Taxes | 450/3 | €10,027 | €12,640 | +€2,614 | +26.1% |
| Remuneration and social security | 454/9 | €41,143 | €50,846 | +€9,703 | +23.6% |
| Other amounts payable | 47/48 | €11,423 | €85,981 | +€74,558 | +652.7% |
| Remuneration, social security and pensions | 62 | €62,190 | €94,432 | +€32,242 | +51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,435 | €275 | -€1,160 | -80.9% |
| Other operating charges | 640/8 | €2,277 | €1,682 | -€596 | -26.2% |
| Gross operating margin | 9900 | -€17,071 | €303,485 | +€320,556 | |
| Operating profit (loss) | 9901 | -€82,973 | €207,097 | +€290,070 | |
| Financial income | 75/76B | - | €2,572 | +€2,572 | |
| Recurring financial income | 75 | - | €2,572 | +€2,572 | |
| Financial charges | 65/66B | €927 | €5,932 | +€5,005 | +539.6% |
| Recurring financial charges | 65 | €927 | €5,932 | +€5,005 | +539.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€83,901 | €203,737 | +€287,638 | |
| Profit (loss) for the period | 9904 | -€83,901 | €203,737 | +€287,638 | |
| Profit (loss) for the period to be appropriated | 9905 | -€83,901 | €203,737 | +€287,638 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.