SWINNEN JOHAN: 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 JOHAN
Largest movements
- Cash +€19,000
up €19,000 (+29.0%), from €65,602 to €84,602
mainly Net result for the year (+€13,939) and Tax, wage and social debts (+€5,770)
- Receivables within one year -€2,392
down €2,392 (-52.4%), from €4,566 to €2,174
of which Trade receivables: -€3,510
- Reserves +€13,939
up €13,939 (+25.4%), from €54,926 to €68,865
- Tax, wage and social debts +€5,770
up €5,770 (+2,470%), from €234 to €6,003
- Other debts -€3,922
no longer reported in 2025 (was €3,922)
- Gross operating margin +€21,884
up €21,884 (+3,081%), from €710 to €22,594
- Depreciation -€7,657
down €7,657 (-94.0%), from €8,143 to €486
- Taxes +€5,366
up €5,366 (+1,754%), from €306 to €5,672
- Other operating charges +€1,308
up €1,308 (+88.2%), from €1,483 to €2,791
- Financial income +€320
up €320 (+133%), from €241 to €561
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 | €74,729 | €90,389 | +€15,660 | +21.0% |
| Fixed assets | 21/28 | €1,962 | €1,475 | -€486 | -24.8% |
| Tangible fixed assets | 22/27 | €1,962 | €1,475 | -€486 | -24.8% |
| Land and buildings | 22 | €1,800 | €1,475 | -€325 | -18.0% |
| Furniture and vehicles | 24 | €162 | - | -€162 | |
| Current assets | 29/58 | €72,767 | €88,913 | +€16,146 | +22.2% |
| Amounts receivable within one year | 40/41 | €4,566 | €2,174 | -€2,392 | -52.4% |
| Trade receivables | 40 | €4,202 | €692 | -€3,510 | -83.5% |
| Other amounts receivable | 41 | €365 | €1,483 | +€1,118 | +307% |
| Cash at bank and in hand | 54/58 | €65,602 | €84,602 | +€19,000 | +29.0% |
| Deferred charges and accrued income | 490/1 | €2,599 | €2,137 | -€461 | -17.8% |
| Total equity and liabilities | 10/49 | €74,729 | €90,389 | +€15,660 | +21.0% |
| Equity | 10/15 | €67,326 | €81,265 | +€13,939 | +20.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €54,926 | €68,865 | +€13,939 | +25.4% |
| Distributable reserves | 133 | €54,926 | €68,865 | +€13,939 | +25.4% |
| Amounts payable | 17/49 | €7,403 | €9,124 | +€1,720 | +23.2% |
| Amounts payable within one year | 42/48 | €5,023 | €6,664 | +€1,640 | +32.7% |
| Trade debts | 44 | €867 | €660 | -€207 | -23.9% |
| Suppliers | 440/4 | €867 | €660 | -€207 | -23.9% |
| Taxes, remuneration and social security | 45 | €234 | €6,003 | +€5,770 | +2,470% |
| Taxes | 450/3 | €234 | €6,003 | +€5,770 | +2,470% |
| Other amounts payable | 47/48 | €3,922 | - | -€3,922 | |
| Accrued charges and deferred income | 492/3 | €2,380 | €2,460 | +€80 | +3.4% |
| Remuneration, social security and pensions | 62 | €163 | €170 | +€7 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,143 | €486 | -€7,657 | -94.0% |
| Other operating charges | 640/8 | €1,483 | €2,791 | +€1,308 | +88.2% |
| Gross operating margin | 9900 | €710 | €22,594 | +€21,884 | +3,081% |
| Operating profit (loss) | 9901 | -€9,079 | €19,147 | +€28,227 | |
| Financial income | 75/76B | €241 | €561 | +€320 | +133% |
| Recurring financial income | 75 | €241 | €561 | +€320 | +133% |
| Financial charges | 65/66B | €91 | €96 | +€5 | +5.5% |
| Recurring financial charges | 65 | €91 | €96 | +€5 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,929 | €19,612 | +€28,541 | |
| Income taxes | 67/77 | €306 | €5,672 | +€5,366 | +1,754% |
| Profit (loss) for the period | 9904 | -€9,235 | €13,939 | +€23,175 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,235 | €13,939 | +€23,175 |
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 24 October 2026 via checked.be.