SWINNEN CONSULTING: what changed
SWINNEN CONSULTING
Largest movements
- Cash -€164,013
down €164,013 (-60.5%), from €270,876 to €106,863
mainly Current investments (-€101,024) and Contributions, distributions and other (-€73,139)
- Current investments +€101,024
up €101,024 (+3,836%), from €2,633 to €103,658
- Receivables within one year +€11,402
up €11,402 (+54.5%), from €20,912 to €32,314
of which Trade receivables: +€12,250
- Tangible fixed assets -€7,396
down €7,396 (-45.0%), from €16,452 to €9,056
of which Furniture and vehicles: -€4,596
- Reserves -€38,399
down €38,399 (-15.3%), from €251,774 to €213,375
- Current portion of long-term debt -€10,172
down €10,172 (-83.2%), from €12,221 to €2,049
- Tax, wage and social debts -€8,828
down €8,828 (-23.6%), from €37,345 to €28,517
of which Taxes: -€8,828
- Gross operating margin -€53,483
down €53,483 (-46.8%), from €114,253 to €60,770
- Taxes -€16,273
down €16,273 (-49.1%), from €33,132 to €16,859
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €311,473 | €252,490 | -€58,983 | -18.9% |
| Fixed assets | 21/28 | €17,052 | €9,656 | -€7,396 | -43.4% |
| Tangible fixed assets | 22/27 | €16,452 | €9,056 | -€7,396 | -45.0% |
| Plant, machinery and equipment | 23 | €10,408 | €7,608 | -€2,800 | -26.9% |
| Furniture and vehicles | 24 | €6,044 | €1,448 | -€4,596 | -76.0% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €294,421 | €242,835 | -€51,587 | -17.5% |
| Amounts receivable within one year | 40/41 | €20,912 | €32,314 | +€11,402 | +54.5% |
| Trade receivables | 40 | €15,671 | €27,921 | +€12,250 | +78.2% |
| Other amounts receivable | 41 | €5,241 | €4,393 | -€848 | -16.2% |
| Current investments | 50/53 | €2,633 | €103,658 | +€101,024 | +3,836% |
| Cash at bank and in hand | 54/58 | €270,876 | €106,863 | -€164,013 | -60.5% |
| Total equity and liabilities | 10/49 | €311,473 | €252,490 | -€58,983 | -18.9% |
| Equity | 10/15 | €258,074 | €219,675 | -€38,399 | -14.9% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €251,774 | €213,375 | -€38,399 | -15.3% |
| Distributable reserves | 133 | €251,774 | €213,375 | -€38,399 | -15.3% |
| Amounts payable | 17/49 | €53,399 | €32,815 | -€20,584 | -38.5% |
| Amounts payable after more than one year | 17 | €2,049 | - | -€2,049 | |
| Financial debts | 170/4 | €2,049 | - | -€2,049 | |
| Amounts payable within one year | 42/48 | €51,350 | €32,655 | -€18,695 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €12,221 | €2,049 | -€10,172 | -83.2% |
| Trade debts | 44 | €1,785 | €2,090 | +€305 | +17.1% |
| Suppliers | 440/4 | €1,785 | €2,090 | +€305 | +17.1% |
| Taxes, remuneration and social security | 45 | €37,345 | €28,517 | -€8,828 | -23.6% |
| Taxes | 450/3 | €33,845 | €25,017 | -€8,828 | -26.1% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €160 | +€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,200 | €7,396 | +€196 | +2.7% |
| Other operating charges | 640/8 | €1,393 | €1,944 | +€551 | +39.5% |
| Gross operating margin | 9900 | €114,253 | €60,770 | -€53,483 | -46.8% |
| Operating profit (loss) | 9901 | €105,659 | €51,430 | -€54,229 | -51.3% |
| Financial income | 75/76B | €2 | €416 | +€414 | +20,890% |
| Recurring financial income | 75 | €2 | €416 | +€414 | +20,890% |
| Financial charges | 65/66B | €497 | €246 | -€251 | -50.5% |
| Recurring financial charges | 65 | €497 | €246 | -€251 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €105,164 | €51,600 | -€53,565 | -50.9% |
| Income taxes | 67/77 | €33,132 | €16,859 | -€16,273 | -49.1% |
| Profit (loss) for the period | 9904 | €72,033 | €34,741 | -€37,292 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,033 | €34,741 | -€37,292 | -51.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.