SWIPPLE: 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.
SWIPPLE
Largest movements
- Intangible fixed assets -€62,052
down €62,052 (-25.7%), from €241,757 to €179,705
- Receivables within one year +€40,385
up €40,385 (+435,186%), from €9 to €40,395
- Deferred charges and accrued income +€24,793
new in 2025: €24,793
- Cash -€8,032
down €8,032 (-53.6%), from €14,987 to €6,955
mainly Debts after one year (-€41,835) and Receivables within one year (-€40,385)
- Debts after one year -€41,835
down €41,835 (-23.9%), from €174,687 to €132,851
- Profit (loss) carried forward +€28,611
up €28,611 (+10.9%), from -€261,610 to -€232,999
- Other debts -€21,870
no longer reported in 2025 (was €21,870)
- Tax, wage and social debts +€14,993
up €14,993 (+1,168%), from €1,284 to €16,277
- Trade debts +€13,427
up €13,427 (+123%), from €10,931 to €24,358
- Gross operating margin +€40,888
up €40,888 (+69.2%), from €59,077 to €99,966
- Depreciation +€12,830
up €12,830 (+26.1%), from €49,222 to €62,052
- Financial charges +€3,968
up €3,968 (+78.3%), from €5,069 to €9,037
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 | €256,753 | €251,848 | -€4,906 | -1.9% |
| Fixed assets | 21/28 | €241,757 | €179,705 | -€62,052 | -25.7% |
| Intangible fixed assets | 21 | €241,757 | €179,705 | -€62,052 | -25.7% |
| Current assets | 29/58 | €14,997 | €72,143 | +€57,146 | +381% |
| Amounts receivable within one year | 40/41 | €9 | €40,395 | +€40,385 | +435,186% |
| Other amounts receivable | 41 | €9 | €40,395 | +€40,385 | +435,186% |
| Cash at bank and in hand | 54/58 | €14,987 | €6,955 | -€8,032 | -53.6% |
| Deferred charges and accrued income | 490/1 | - | €24,793 | +€24,793 | |
| Total equity and liabilities | 10/49 | €256,753 | €251,848 | -€4,906 | -1.9% |
| Equity | 10/15 | €7,915 | €36,526 | +€28,611 | +361% |
| Contributions | 10/11 | €269,525 | €269,525 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€261,610 | -€232,999 | +€28,611 | +10.9% |
| Amounts payable | 17/49 | €248,838 | €215,321 | -€33,517 | -13.5% |
| Amounts payable after more than one year | 17 | €174,687 | €132,851 | -€41,835 | -23.9% |
| Financial debts | 170/4 | €174,687 | €132,851 | -€41,835 | -23.9% |
| Amounts payable within one year | 42/48 | €74,152 | €82,470 | +€8,318 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €40,067 | €41,835 | +€1,768 | +4.4% |
| Trade debts | 44 | €10,931 | €24,358 | +€13,427 | +123% |
| Suppliers | 440/4 | €10,931 | €24,358 | +€13,427 | +123% |
| Taxes, remuneration and social security | 45 | €1,284 | €16,277 | +€14,993 | +1,168% |
| Taxes | 450/3 | €1,284 | €16,277 | +€14,993 | +1,168% |
| Other amounts payable | 47/48 | €21,870 | - | -€21,870 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,222 | €62,052 | +€12,830 | +26.1% |
| Other operating charges | 640/8 | €580 | €266 | -€314 | -54.1% |
| Gross operating margin | 9900 | €59,077 | €99,966 | +€40,888 | +69.2% |
| Operating profit (loss) | 9901 | €9,275 | €37,648 | +€28,373 | +306% |
| Financial charges | 65/66B | €5,069 | €9,037 | +€3,968 | +78.3% |
| Recurring financial charges | 65 | €5,069 | €9,037 | +€3,968 | +78.3% |
| Profit (loss) for the period before taxes | 9903 | €4,206 | €28,611 | +€24,405 | +580% |
| Profit (loss) for the period | 9904 | €4,206 | €28,611 | +€24,405 | +580% |
| Profit (loss) for the period to be appropriated | 9905 | €4,206 | €28,611 | +€24,405 | +580% |
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 18 October 2026 via checked.be.