SWINNEN HOLDING: 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 HOLDING
Largest movements
- Financial fixed assets +€300,000
up €300,000 (+5.6%), from €5.4m to €5.7m
- Cash -€61,769
down €61,769 (-57.2%), from €108,026 to €46,258
mainly Investment in fixed assets (net) (-€304,141) and Receivables within one year (-€6,724)
- Profit (loss) carried forward +€224,220
up €224,220 (+5.4%), from €4.2m to €4.4m
- Financial income +€130,381
up €130,381 (+69.0%), from €189,001 to €319,382
- Gross operating margin -€69,142
down €69,142, from €60,204 to -€8,937
- Taxes -€1,725
down €1,725, from €1,661 to -€63
- Financial charges -€727
down €727 (-0.9%), from €85,348 to €84,620
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 | €5,653,476 | €5,887,004 | +€233,528 | +4.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €5,352,090 | €5,655,952 | +€303,862 | +5.7% |
| Tangible fixed assets | 22/27 | €0 | €3,862 | +€3,862 | |
| Furniture and vehicles | 24 | €0 | €3,862 | +€3,862 | |
| Financial fixed assets | 28 | €5,352,090 | €5,652,090 | +€300,000 | +5.6% |
| Current assets | 29/58 | €301,386 | €231,052 | -€70,334 | -23.3% |
| Amounts receivable within one year | 40/41 | €175,631 | €182,355 | +€6,724 | +3.8% |
| Trade receivables | 40 | €20,970 | €36,940 | +€15,970 | +76.2% |
| Other amounts receivable | 41 | €154,661 | €145,415 | -€9,246 | -6.0% |
| Cash at bank and in hand | 54/58 | €108,026 | €46,258 | -€61,769 | -57.2% |
| Deferred charges and accrued income | 490/1 | €17,729 | €2,439 | -€15,289 | -86.2% |
| Total equity and liabilities | 10/49 | €5,653,476 | €5,887,004 | +€233,528 | +4.1% |
| Equity | 10/15 | €4,381,776 | €4,605,996 | +€224,220 | +5.1% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,161,776 | €4,385,996 | +€224,220 | +5.4% |
| Amounts payable | 17/49 | €1,271,700 | €1,281,008 | +€9,308 | +0.7% |
| Amounts payable within one year | 42/48 | €1,271,700 | €1,281,008 | +€9,308 | +0.7% |
| Trade debts | 44 | €39,054 | €51,163 | +€12,109 | +31.0% |
| Suppliers | 440/4 | €39,054 | €51,163 | +€12,109 | +31.0% |
| Taxes, remuneration and social security | 45 | €25,417 | €25,243 | -€173 | -0.7% |
| Taxes | 450/3 | €25,417 | - | -€25,417 | |
| Remuneration and social security | 454/9 | - | €25,243 | +€25,243 | |
| Other amounts payable | 47/48 | €1,207,229 | €1,204,601 | -€2,628 | -0.2% |
| Non-recurring operating income | 76A | - | €6,250 | +€6,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €279 | +€279 | |
| Other operating charges | 640/8 | €1,332 | €1,388 | +€56 | +4.2% |
| Gross operating margin | 9900 | €60,204 | -€8,937 | -€69,142 | |
| Operating profit (loss) | 9901 | €58,873 | -€10,604 | -€69,477 | |
| Financial income | 75/76B | €189,001 | €319,382 | +€130,381 | +69.0% |
| Recurring financial income | 75 | €189,001 | €319,382 | +€130,381 | +69.0% |
| Financial charges | 65/66B | €85,348 | €84,620 | -€727 | -0.9% |
| Recurring financial charges | 65 | €85,348 | €84,620 | -€727 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €162,526 | €224,157 | +€61,631 | +37.9% |
| Income taxes | 67/77 | €1,661 | -€63 | -€1,725 | |
| Profit (loss) for the period | 9904 | €160,865 | €224,220 | +€63,355 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €160,865 | €224,220 | +€63,355 | +39.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.