Swinton: what changed
Two fiscal 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.
What changed
Swinton
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€125,401
2024 · €123,286+€2,116
Equity
€599,603
2024 · €474,202+€125,401
Cash
€311,355
2024 · €328,789-€17,434
Balance sheet total
€2.2m
2024 · €2.1m+€150,621
Largest movements
Assets
- Receivables within one year +€215,546
up €215,546 (+101.9%), from €211,520 to €427,066
- Tangible fixed assets -€82,055
down €82,055 (-6.6%), from €1.2m to €1.2m
of which Land and buildings: -€56,048
- Stocks and contracts +€49,856
up €49,856 (+74.8%), from €66,613 to €116,469
Equity and liabilities
- Profit (loss) carried forward +€125,401
up €125,401 (+31.5%), from €398,202 to €523,603
- Trade debts +€101,168
up €101,168 (+141.1%), from €71,704 to €172,872
- Debts after one year -€87,062
down €87,062 (-6.7%), from €1.3m to €1.2m
Income statement
- Gross operating margin +€78,300
up €78,300 (+13.2%), from €593,082 to €671,382
- Staff costs +€72,587
up €72,587 (+26.5%), from €273,604 to €346,190
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.
Result 2024
€123,286
Gross operating margin
+€78,300
Staff costs
-€72,587
Depreciation
-€5,299
Other operating charges
+€1,844
Financial income
-€2,531
Financial charges
+€567
Taxes
+€1,820
Result 2025
€125,401
Cash bridge derived
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.
From operations
+€81,621
Investment
-€26,945
Financing
-€72,109
Cash 2024
€328,789
From operations (derived)
+€81,621
Net result for the year
+€125,401
Depreciation
+€111,988
Stocks and contracts
-€49,856
Receivables within one year
-€215,546
Deferred charges and accrued income
+€12,304
Trade debts
+€101,168
Tax, wage and social debts
-€3,839
Investment (derived)
-€26,945
Investment in fixed assets (net)
-€26,945
Financing
-€72,109
Debts after one year
-€87,062
Current portion of long-term debt
+€14,952
Cash 2025
€311,355
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,070,307 | €2,220,928 | +€150,621 | +7.3% |
| Fixed assets | 21/28 | €1,253,355 | €1,168,312 | -€85,043 | -6.8% |
| Intangible fixed assets | 21 | €3,513 | €525 | -€2,988 | -85.1% |
| Tangible fixed assets | 22/27 | €1,249,842 | €1,167,787 | -€82,055 | -6.6% |
| Land and buildings | 22 | €934,749 | €878,701 | -€56,048 | -6.0% |
| Plant, machinery and equipment | 23 | €313,878 | €265,267 | -€48,611 | -15.5% |
| Furniture and vehicles | 24 | €1,215 | €23,819 | +€22,604 | +1859.7% |
| Current assets | 29/58 | €816,952 | €1,052,617 | +€235,664 | +28.8% |
| Stocks and contracts in progress | 3 | €66,613 | €116,469 | +€49,856 | +74.8% |
| Stocks | 30/36 | €66,613 | €116,469 | +€49,856 | +74.8% |
| Amounts receivable within one year | 40/41 | €211,520 | €427,066 | +€215,546 | +101.9% |
| Trade receivables | 40 | €211,520 | €427,066 | +€215,546 | +101.9% |
| Cash at bank and in hand | 54/58 | €328,789 | €311,355 | -€17,434 | -5.3% |
| Deferred charges and accrued income | 490/1 | €210,031 | €197,727 | -€12,304 | -5.9% |
| Total equity and liabilities | 10/49 | €2,070,307 | €2,220,928 | +€150,621 | +7.3% |
| Equity | 10/15 | €474,202 | €599,603 | +€125,401 | +26.4% |
| Contributions | 10/11 | €76,000 | €76,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €398,202 | €523,603 | +€125,401 | +31.5% |
| Amounts payable | 17/49 | €1,596,106 | €1,621,325 | +€25,220 | +1.6% |
| Amounts payable after more than one year | 17 | €1,295,998 | €1,208,937 | -€87,062 | -6.7% |
| Financial debts | 170/4 | €1,295,998 | €1,208,937 | -€87,062 | -6.7% |
| Amounts payable within one year | 42/48 | €300,107 | €412,389 | +€112,281 | +37.4% |
| Current portion of amounts payable after more than one year | 42 | €85,580 | €100,532 | +€14,952 | +17.5% |
| Trade debts | 44 | €71,704 | €172,872 | +€101,168 | +141.1% |
| Suppliers | 440/4 | €71,704 | €172,872 | +€101,168 | +141.1% |
| Taxes, remuneration and social security | 45 | €140,370 | €136,532 | -€3,839 | -2.7% |
| Taxes | 450/3 | €120,829 | €111,771 | -€9,057 | -7.5% |
| Remuneration and social security | 454/9 | €19,542 | €24,760 | +€5,219 | +26.7% |
| Other amounts payable | 47/48 | €2,453 | €2,453 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €273,604 | €346,190 | +€72,587 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,689 | €111,988 | +€5,299 | +5.0% |
| Other operating charges | 640/8 | €12,220 | €10,376 | -€1,844 | -15.1% |
| Non-recurring operating charges | 66A | €14,002 | €14,002 | = | 0.0% |
| Gross operating margin | 9900 | €593,082 | €671,382 | +€78,300 | +13.2% |
| Operating profit (loss) | 9901 | €186,567 | €188,825 | +€2,259 | +1.2% |
| Financial income | 75/76B | €2,531 | - | -€2,531 | |
| Recurring financial income | 75 | €2,531 | - | -€2,531 | |
| Financial charges | 65/66B | €21,602 | €21,035 | -€567 | -2.6% |
| Recurring financial charges | 65 | €21,602 | €21,035 | -€567 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €167,495 | €167,790 | +€295 | +0.2% |
| Income taxes | 67/77 | €44,209 | €42,389 | -€1,820 | -4.1% |
| Profit (loss) for the period | 9904 | €123,286 | €125,401 | +€2,116 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €123,286 | €125,401 | +€2,116 | +1.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.