SWINNEN GERRIT: what changed
SWINNEN GERRIT
Largest movements
- Receivables within one year -€9,676
down €9,676 (-33.7%), from €28,755 to €19,079
of which Trade receivables: -€10,162
- Intangible fixed assets -€3,571
down €3,571 (-57.1%), from €6,250 to €2,679
- Tangible fixed assets +€1,166
up €1,166 (+36.6%), from €3,185 to €4,351
of which Plant, machinery and equipment: +€1,002
- Cash -€844
down €844 (-14.1%), from €5,972 to €5,128
mainly Other debts (-€9,800) and Trade debts (-€9,286)
- Profit (loss) carried forward +€11,391
up €11,391 (+71.2%), from €16,005 to €27,396
- Other debts -€9,800
no longer reported in 2025 (was €9,800)
- Trade debts -€9,286
down €9,286 (-67.8%), from €13,703 to €4,417
- Debts after one year -€7,313
down €7,313 (-66.2%), from €11,052 to €3,739
- Tax, wage and social debts +€2,080
up €2,080 (+246%), from €844 to €2,924
- Depreciation -€5,508
down €5,508 (-43.2%), from €12,755 to €7,247
- Gross operating margin -€3,029
down €3,029 (-10.7%), from €28,391 to €25,362
- Taxes +€2,080
up €2,080 (+246%), from €844 to €2,924
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 | €63,502 | €50,788 | -€12,714 | -20.0% |
| Fixed assets | 21/28 | €9,435 | €7,029 | -€2,405 | -25.5% |
| Intangible fixed assets | 21 | €6,250 | €2,679 | -€3,571 | -57.1% |
| Tangible fixed assets | 22/27 | €3,185 | €4,351 | +€1,166 | +36.6% |
| Plant, machinery and equipment | 23 | €2,805 | €3,808 | +€1,002 | +35.7% |
| Furniture and vehicles | 24 | €379 | €543 | +€164 | +43.3% |
| Current assets | 29/58 | €54,068 | €43,759 | -€10,308 | -19.1% |
| Stocks and contracts in progress | 3 | €19,341 | €19,553 | +€212 | +1.1% |
| Stocks | 30/36 | €6,841 | €7,553 | +€712 | +10.4% |
| Contracts in progress | 37 | €12,500 | €12,000 | -€500 | -4.0% |
| Amounts receivable within one year | 40/41 | €28,755 | €19,079 | -€9,676 | -33.7% |
| Trade receivables | 40 | €25,670 | €15,508 | -€10,162 | -39.6% |
| Other amounts receivable | 41 | €3,085 | €3,570 | +€485 | +15.7% |
| Cash at bank and in hand | 54/58 | €5,972 | €5,128 | -€844 | -14.1% |
| Total equity and liabilities | 10/49 | €63,502 | €50,788 | -€12,714 | -20.0% |
| Equity | 10/15 | €21,005 | €32,396 | +€11,391 | +54.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,005 | €27,396 | +€11,391 | +71.2% |
| Amounts payable | 17/49 | €42,497 | €18,393 | -€24,104 | -56.7% |
| Amounts payable after more than one year | 17 | €11,052 | €3,739 | -€7,313 | -66.2% |
| Financial debts | 170/4 | €11,052 | €3,739 | -€7,313 | -66.2% |
| Amounts payable within one year | 42/48 | €31,445 | €14,654 | -€16,791 | -53.4% |
| Current portion of amounts payable after more than one year | 42 | €7,099 | €7,313 | +€215 | +3.0% |
| Trade debts | 44 | €13,703 | €4,417 | -€9,286 | -67.8% |
| Suppliers | 440/4 | €13,703 | €4,417 | -€9,286 | -67.8% |
| Taxes, remuneration and social security | 45 | €844 | €2,924 | +€2,080 | +246% |
| Taxes | 450/3 | €844 | €2,924 | +€2,080 | +246% |
| Other amounts payable | 47/48 | €9,800 | - | -€9,800 | |
| Remuneration, social security and pensions | 62 | - | €198 | +€198 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,755 | €7,247 | -€5,508 | -43.2% |
| Other operating charges | 640/8 | €1,233 | €1,160 | -€73 | -5.9% |
| Gross operating margin | 9900 | €28,391 | €25,362 | -€3,029 | -10.7% |
| Operating profit (loss) | 9901 | €14,403 | €16,757 | +€2,354 | +16.3% |
| Financial income | 75/76B | €169 | €2 | -€167 | -98.6% |
| Recurring financial income | 75 | €169 | €2 | -€167 | -98.6% |
| Financial charges | 65/66B | €2,618 | €2,445 | -€173 | -6.6% |
| Recurring financial charges | 65 | €2,618 | €2,445 | -€173 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €11,955 | €14,314 | +€2,360 | +19.7% |
| Income taxes | 67/77 | €844 | €2,924 | +€2,080 | +246% |
| Profit (loss) for the period | 9904 | €11,111 | €11,391 | +€280 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,111 | €11,391 | +€280 | +2.5% |
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 5 November 2026 via checked.be.