SWINNEN G.: 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.
SWINNEN G.
Largest movements
- Current investments +€88,104
up €88,104 (+24.6%), from €357,503 to €445,607
- Tangible fixed assets -€64,834
down €64,834 (-24.0%), from €270,088 to €205,254
of which Furniture and vehicles: -€63,097
- Cash -€24,158
down €24,158 (-11.3%), from €213,836 to €189,678
mainly Current investments (-€88,104) and Net result for the year (-€56,799)
- Stocks and contracts -€19,147
down €19,147 (-26.6%), from €71,965 to €52,818
- Profit (loss) carried forward -€56,799
down €56,799 (-18.7%), from €303,561 to €246,761
- Other debts +€34,711
up €34,711 (+27.8%), from €124,887 to €159,598
- Debts after one year -€11,298
down €11,298 (-100%), from €11,298 to €0
- Gross operating margin -€63,611
down €63,611 (-19.1%), from €332,738 to €269,127
- Financial charges +€35,372
up €35,372 (+110%), from €32,176 to €67,548
- Provisions +€31,441
up €31,441, from -€31,441 to €0
- Taxes -€13,824
down €13,824 (-99.0%), from €13,962 to €139
- Depreciation +€9,242
up €9,242 (+9.9%), from €93,188 to €102,430
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 | €1,078,846 | €1,050,446 | -€28,400 | -2.6% |
| Formation expenses | 20 | €547 | €547 | = | 0.0% |
| Fixed assets | 21/28 | €272,368 | €207,101 | -€65,266 | -24.0% |
| Intangible fixed assets | 21 | €2,144 | €1,712 | -€432 | -20.2% |
| Tangible fixed assets | 22/27 | €270,088 | €205,254 | -€64,834 | -24.0% |
| Plant, machinery and equipment | 23 | €7,413 | €5,677 | -€1,737 | -23.4% |
| Furniture and vehicles | 24 | €262,675 | €199,578 | -€63,097 | -24.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €805,932 | €842,798 | +€36,866 | +4.6% |
| Stocks and contracts in progress | 3 | €71,965 | €52,818 | -€19,147 | -26.6% |
| Stocks | 30/36 | €71,965 | €52,818 | -€19,147 | -26.6% |
| Amounts receivable within one year | 40/41 | €157,018 | €149,004 | -€8,014 | -5.1% |
| Trade receivables | 40 | €146,459 | €117,558 | -€28,901 | -19.7% |
| Other amounts receivable | 41 | €10,559 | €31,446 | +€20,887 | +198% |
| Current investments | 50/53 | €357,503 | €445,607 | +€88,104 | +24.6% |
| Cash at bank and in hand | 54/58 | €213,836 | €189,678 | -€24,158 | -11.3% |
| Deferred charges and accrued income | 490/1 | €5,609 | €5,692 | +€82 | +1.5% |
| Total equity and liabilities | 10/49 | €1,078,846 | €1,050,446 | -€28,400 | -2.6% |
| Equity | 10/15 | €888,716 | €831,917 | -€56,799 | -6.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €485,155 | €485,155 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,461 | €4,461 | = | 0.0% |
| Distributable reserves | 133 | €480,694 | €480,694 | = | 0.0% |
| Profit (loss) carried forward | 14 | €303,561 | €246,761 | -€56,799 | -18.7% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €190,130 | €218,529 | +€28,399 | +14.9% |
| Amounts payable after more than one year | 17 | €11,298 | €0 | -€11,298 | -100% |
| Financial debts | 170/4 | €11,298 | €0 | -€11,298 | -100% |
| Amounts payable within one year | 42/48 | €178,831 | €218,529 | +€39,698 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €12,171 | €11,298 | -€872 | -7.2% |
| Trade debts | 44 | €18,646 | €26,082 | +€7,437 | +39.9% |
| Suppliers | 440/4 | €18,646 | €26,082 | +€7,437 | +39.9% |
| Taxes, remuneration and social security | 45 | €23,128 | €21,551 | -€1,578 | -6.8% |
| Taxes | 450/3 | €3,781 | €1,760 | -€2,021 | -53.4% |
| Remuneration and social security | 454/9 | €19,348 | €19,791 | +€443 | +2.3% |
| Other amounts payable | 47/48 | €124,887 | €159,598 | +€34,711 | +27.8% |
| Non-recurring operating income | 76A | €6,204 | €7,506 | +€1,301 | +21.0% |
| Remuneration, social security and pensions | 62 | €173,790 | €177,209 | +€3,418 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,188 | €102,430 | +€9,242 | +9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €799 | -€7,472 | -€8,271 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€31,441 | €0 | +€31,441 | |
| Other operating charges | 640/8 | €6,494 | €6,474 | -€20 | -0.3% |
| Gross operating margin | 9900 | €332,738 | €269,127 | -€63,611 | -19.1% |
| Operating profit (loss) | 9901 | €89,908 | -€9,514 | -€99,422 | |
| Financial income | 75/76B | €14,905 | €20,401 | +€5,496 | +36.9% |
| Recurring financial income | 75 | €14,905 | €20,401 | +€5,496 | +36.9% |
| Financial charges | 65/66B | €32,176 | €67,548 | +€35,372 | +110% |
| Recurring financial charges | 65 | €32,176 | €67,548 | +€35,372 | +110% |
| Profit (loss) for the period before taxes | 9903 | €72,637 | -€56,661 | -€129,298 | |
| Income taxes | 67/77 | €13,962 | €139 | -€13,824 | -99.0% |
| Profit (loss) for the period | 9904 | €58,675 | -€56,799 | -€115,474 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,675 | -€56,799 | -€115,474 |
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 25 October 2026 via checked.be.