Swinwin: what changed
Swinwin
Largest movements
- Cash -€22,804
down €22,804 (-72.3%), from €31,540 to €8,737
mainly Current investments (-€9,811) and Receivables within one year (-€9,045)
- Current investments +€9,811
new in 2025: €9,811
- Receivables within one year +€9,045
up €9,045 (+46.5%), from €19,443 to €28,488
of which Trade receivables: +€5,249
- Tangible fixed assets -€3,634
down €3,634 (-11.6%), from €31,280 to €27,645
of which Furniture and vehicles: -€4,797
- Deferred charges and accrued income +€1,108
up €1,108 (+171%), from €647 to €1,755
- Debts after one year -€4,528
down €4,528 (-31.9%), from €14,200 to €9,671
- Other debts +€3,468
up €3,468 (+33.0%), from €10,520 to €13,989
- Tax, wage and social debts -€3,427
down €3,427 (-22.1%), from €15,539 to €12,113
of which Taxes: -€2,377
- Trade debts -€1,646
down €1,646 (-33.7%), from €4,879 to €3,233
- Staff costs +€16,758
up €16,758 (+1,534%), from €1,092 to €17,851
- Gross operating margin +€14,694
up €14,694 (+92.0%), from €15,976 to €30,670
- Depreciation +€1,490
up €1,490 (+21.9%), from €6,810 to €8,300
- Taxes -€1,237
down €1,237 (-44.7%), from €2,767 to €1,530
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 | €83,769 | €77,498 | -€6,272 | -7.5% |
| Fixed assets | 21/28 | €32,139 | €28,707 | -€3,432 | -10.7% |
| Intangible fixed assets | 21 | €834 | €1,037 | +€203 | +24.3% |
| Tangible fixed assets | 22/27 | €31,280 | €27,645 | -€3,634 | -11.6% |
| Plant, machinery and equipment | 23 | €12,466 | €13,629 | +€1,162 | +9.3% |
| Furniture and vehicles | 24 | €18,813 | €14,017 | -€4,797 | -25.5% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €51,631 | €48,791 | -€2,840 | -5.5% |
| Amounts receivable within one year | 40/41 | €19,443 | €28,488 | +€9,045 | +46.5% |
| Trade receivables | 40 | €17,176 | €22,425 | +€5,249 | +30.6% |
| Other amounts receivable | 41 | €2,268 | €6,063 | +€3,795 | +167% |
| Current investments | 50/53 | - | €9,811 | +€9,811 | |
| Cash at bank and in hand | 54/58 | €31,540 | €8,737 | -€22,804 | -72.3% |
| Deferred charges and accrued income | 490/1 | €647 | €1,755 | +€1,108 | +171% |
| Total equity and liabilities | 10/49 | €83,769 | €77,498 | -€6,272 | -7.5% |
| Equity | 10/15 | €34,295 | €33,963 | -€332 | -1.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €24,295 | €23,963 | -€332 | -1.4% |
| Distributable reserves | 133 | €24,295 | €23,963 | -€332 | -1.4% |
| Amounts payable | 17/49 | €49,474 | €43,534 | -€5,940 | -12.0% |
| Amounts payable after more than one year | 17 | €14,200 | €9,671 | -€4,528 | -31.9% |
| Financial debts | 170/4 | €14,200 | €9,671 | -€4,528 | -31.9% |
| Amounts payable within one year | 42/48 | €35,274 | €33,863 | -€1,411 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €4,335 | €4,528 | +€193 | +4.5% |
| Trade debts | 44 | €4,879 | €3,233 | -€1,646 | -33.7% |
| Suppliers | 440/4 | €4,879 | €3,233 | -€1,646 | -33.7% |
| Taxes, remuneration and social security | 45 | €15,539 | €12,113 | -€3,427 | -22.1% |
| Taxes | 450/3 | €13,589 | €11,212 | -€2,377 | -17.5% |
| Remuneration and social security | 454/9 | €1,950 | €900 | -€1,050 | -53.8% |
| Other amounts payable | 47/48 | €10,520 | €13,989 | +€3,468 | +33.0% |
| Remuneration, social security and pensions | 62 | €1,092 | €17,851 | +€16,758 | +1,534% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,810 | €8,300 | +€1,490 | +21.9% |
| Other operating charges | 640/8 | €470 | €715 | +€245 | +52.0% |
| Gross operating margin | 9900 | €15,976 | €30,670 | +€14,694 | +92.0% |
| Operating profit (loss) | 9901 | €7,603 | €3,804 | -€3,799 | -50.0% |
| Financial income | 75/76B | €2 | €27 | +€25 | +1,102% |
| Recurring financial income | 75 | €2 | €27 | +€25 | +1,102% |
| Financial charges | 65/66B | €2,620 | €2,633 | +€13 | +0.5% |
| Recurring financial charges | 65 | €2,620 | €2,633 | +€13 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €4,985 | €1,198 | -€3,787 | -76.0% |
| Income taxes | 67/77 | €2,767 | €1,530 | -€1,237 | -44.7% |
| Profit (loss) for the period | 9904 | €2,218 | -€332 | -€2,550 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,218 | -€332 | -€2,550 |
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 1 November 2026 via checked.be.