SWINVEST: what changed
What changed
SWINVEST
NACE 58.110, Book publishing
filed annual accounts (NBB)
Net result for the year
-€33,440
2024 · €381-€33,821
Equity
€314,602
2024 · €348,042-€33,440
Cash
-
2024 · €152-€152
Balance sheet total
€361,660
2024 · €376,662-€15,002
Largest movements
Assets
- Tangible fixed assets -€10,944
down €10,944 (-70.2%), from €15,595 to €4,651
of which Furniture and vehicles: -€10,825
- Receivables within one year -€7,864
down €7,864 (-6.9%), from €113,896 to €106,032
of which Other amounts receivable: -€5,766
- Deferred charges and accrued income +€3,958
up €3,958 (+56.9%), from €6,959 to €10,917
Equity and liabilities
- Profit (loss) carried forward -€33,440
down €33,440 (-10.3%), from €326,042 to €292,602
- Other debts +€19,506
new in 2025: €19,506
- Current portion of long-term debt -€6,550
down €6,550 (-91.6%), from €7,149 to €599
Income statement
- Gross operating margin -€32,828
down €32,828, from €13,015 to -€19,813
- Financial charges +€3,207
up €3,207 (+719%), from €446 to €3,653
- Financial income +€2,030
new in 2025: €2,030
- Other operating charges -€277
down €277 (-40.9%), from €677 to €400
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.
Result 2024
€381
Gross operating margin
-€32,828
Depreciation
+€104
Other operating charges
+€277
Financial income
+€2,030
Financial charges
-€3,207
Taxes
-€197
Result 2025
-€33,440
raises the resultlowers the result
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.
From operations
+€6,997
Investment
€0
Financing
-€7,149
Cash 2024
€152
From operations (derived)
+€6,997
Net result for the year
-€33,440
Depreciation
+€10,944
Receivables within one year
+€7,864
Deferred charges and accrued income
-€3,958
Trade debts
+€3,278
Tax, wage and social debts
+€2,803
Other debts
+€19,506
Financing
-€7,149
Debts after one year
-€599
Current portion of long-term debt
-€6,550
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €376,662 | €361,660 | -€15,002 | -4.0% |
| Fixed assets | 21/28 | €255,655 | €244,711 | -€10,944 | -4.3% |
| Tangible fixed assets | 22/27 | €15,595 | €4,651 | -€10,944 | -70.2% |
| Land and buildings | 22 | €2,008 | €1,889 | -€119 | -5.9% |
| Furniture and vehicles | 24 | €13,587 | €2,762 | -€10,825 | -79.7% |
| Financial fixed assets | 28 | €240,060 | €240,060 | = | 0.0% |
| Current assets | 29/58 | €121,007 | €116,949 | -€4,058 | -3.4% |
| Amounts receivable within one year | 40/41 | €113,896 | €106,032 | -€7,864 | -6.9% |
| Trade receivables | 40 | €74,568 | €72,470 | -€2,098 | -2.8% |
| Other amounts receivable | 41 | €39,328 | €33,562 | -€5,766 | -14.7% |
| Cash at bank and in hand | 54/58 | €152 | - | -€152 | |
| Deferred charges and accrued income | 490/1 | €6,959 | €10,917 | +€3,958 | +56.9% |
| Total equity and liabilities | 10/49 | €376,662 | €361,660 | -€15,002 | -4.0% |
| Equity | 10/15 | €348,042 | €314,602 | -€33,440 | -9.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €326,042 | €292,602 | -€33,440 | -10.3% |
| Amounts payable | 17/49 | €28,620 | €47,058 | +€18,438 | +64.4% |
| Amounts payable after more than one year | 17 | €599 | - | -€599 | |
| Financial debts | 170/4 | €599 | - | -€599 | |
| Amounts payable within one year | 42/48 | €28,021 | €47,058 | +€19,037 | +67.9% |
| Current portion of amounts payable after more than one year | 42 | €7,149 | €599 | -€6,550 | -91.6% |
| Trade debts | 44 | €10,128 | €13,406 | +€3,278 | +32.4% |
| Suppliers | 440/4 | €10,128 | €13,406 | +€3,278 | +32.4% |
| Taxes, remuneration and social security | 45 | €10,744 | €13,547 | +€2,803 | +26.1% |
| Taxes | 450/3 | €10,744 | €13,547 | +€2,803 | +26.1% |
| Other amounts payable | 47/48 | - | €19,506 | +€19,506 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,048 | €10,944 | -€104 | -0.9% |
| Other operating charges | 640/8 | €677 | €400 | -€277 | -40.9% |
| Gross operating margin | 9900 | €13,015 | -€19,813 | -€32,828 | |
| Operating profit (loss) | 9901 | €1,290 | -€31,157 | -€32,447 | |
| Financial income | 75/76B | - | €2,030 | +€2,030 | |
| Recurring financial income | 75 | - | €2,030 | +€2,030 | |
| Financial charges | 65/66B | €446 | €3,653 | +€3,207 | +719% |
| Recurring financial charges | 65 | €446 | €3,653 | +€3,207 | +719% |
| Profit (loss) for the period before taxes | 9903 | €844 | -€32,780 | -€33,624 | |
| Income taxes | 67/77 | €463 | €660 | +€197 | +42.5% |
| Profit (loss) for the period | 9904 | €381 | -€33,440 | -€33,821 | |
| Profit (loss) for the period to be appropriated | 9905 | €381 | -€33,440 | -€33,821 |
Next steps
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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 6 November 2026 via checked.be.