SWINNEN BOUWPROJECTEN: what changed
What changed
SWINNEN BOUWPROJECTEN
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€75,888
2024 · €76,608-€720
Equity
€930,823
2024 · €854,935+€75,888
Cash
€40,509
2024 · €22,039+€18,470
Balance sheet total
€2.5m
2024 · €2.8m-€221,399
Largest movements
Assets
- Stocks and contracts -€123,086
down €123,086 (-88.8%), from €138,586 to €15,500
- Tangible fixed assets -€88,708
down €88,708 (-3.5%), from €2.6m to €2.5m
- Receivables within one year -€28,075
no longer reported in 2025 (was €28,075)
Equity and liabilities
- Accrued charges and deferred income -€156,905
down €156,905 (-42.0%), from €373,713 to €216,808
- Debts after one year -€136,360
down €136,360 (-9.9%), from €1.4m to €1.2m
- Profit (loss) carried forward +€75,888
up €75,888 (+54.2%), from €139,935 to €215,823
Income statement
- Gross operating margin -€3,097
down €3,097 (-1.4%), from €213,680 to €210,583
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€76,608
Gross operating margin
-€3,097
Depreciation
+€1
Other operating charges
-€7
Financial charges
+€1,778
Taxes
+€605
Result 2025
€75,888
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€153,262
Investment
€0
Financing
-€134,792
Cash 2024
€22,039
From operations (derived)
+€153,262
Net result for the year
+€75,888
Depreciation
+€88,708
Stocks and contracts
+€123,086
Receivables within one year
+€28,075
Trade debts
+€2
Tax, wage and social debts
-€5,592
Accrued charges and deferred income
-€156,905
Financing
-€134,792
Debts after one year
-€136,360
Current portion of long-term debt
+€1,568
Cash 2025
€40,509
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,756,852 | €2,535,453 | -€221,399 | -8.0% |
| Fixed assets | 21/28 | €2,568,152 | €2,479,444 | -€88,708 | -3.5% |
| Tangible fixed assets | 22/27 | €2,568,152 | €2,479,444 | -€88,708 | -3.5% |
| Land and buildings | 22 | €2,568,152 | €2,479,444 | -€88,708 | -3.5% |
| Current assets | 29/58 | €188,700 | €56,009 | -€132,691 | -70.3% |
| Stocks and contracts in progress | 3 | €138,586 | €15,500 | -€123,086 | -88.8% |
| Stocks | 30/36 | €138,586 | €15,500 | -€123,086 | -88.8% |
| Amounts receivable within one year | 40/41 | €28,075 | - | -€28,075 | |
| Trade receivables | 40 | €28,075 | - | -€28,075 | |
| Cash at bank and in hand | 54/58 | €22,039 | €40,509 | +€18,470 | +83.8% |
| Total equity and liabilities | 10/49 | €2,756,852 | €2,535,453 | -€221,399 | -8.0% |
| Equity | 10/15 | €854,935 | €930,823 | +€75,888 | +8.9% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Capital | 10 | €650,000 | €650,000 | = | 0.0% |
| Issued capital | 100 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €65,000 | €65,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €65,000 | €65,000 | = | 0.0% |
| Legal reserve | 130 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,935 | €215,823 | +€75,888 | +54.2% |
| Amounts payable | 17/49 | €1,901,917 | €1,604,630 | -€297,287 | -15.6% |
| Amounts payable after more than one year | 17 | €1,380,688 | €1,244,328 | -€136,360 | -9.9% |
| Financial debts | 170/4 | €1,380,688 | €1,244,328 | -€136,360 | -9.9% |
| Amounts payable within one year | 42/48 | €147,516 | €143,494 | -€4,022 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €141,150 | €142,718 | +€1,568 | +1.1% |
| Trade debts | 44 | €478 | €480 | +€2 | +0.4% |
| Suppliers | 440/4 | €478 | €480 | +€2 | +0.4% |
| Taxes, remuneration and social security | 45 | €5,888 | €296 | -€5,592 | -95.0% |
| Taxes | 450/3 | €5,888 | €296 | -€5,592 | -95.0% |
| Accrued charges and deferred income | 492/3 | €373,713 | €216,808 | -€156,905 | -42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,709 | €88,708 | -€1 | 0.0% |
| Other operating charges | 640/8 | €1,081 | €1,088 | +€7 | +0.6% |
| Gross operating margin | 9900 | €213,680 | €210,583 | -€3,097 | -1.4% |
| Operating profit (loss) | 9901 | €123,890 | €120,787 | -€3,103 | -2.5% |
| Financial charges | 65/66B | €21,381 | €19,603 | -€1,778 | -8.3% |
| Recurring financial charges | 65 | €21,381 | €19,603 | -€1,778 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €102,509 | €101,184 | -€1,325 | -1.3% |
| Income taxes | 67/77 | €25,901 | €25,296 | -€605 | -2.3% |
| Profit (loss) for the period | 9904 | €76,608 | €75,888 | -€720 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €76,608 | €75,888 | -€720 | -0.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.