SWIRI'S: 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.
SWIRI'S
Largest movements
- Cash +€27,780
up €27,780 (+1,149%), from €2,418 to €30,198
mainly Net result for the year (+€36,383) and Receivables within one year (+€15,605)
- Receivables within one year -€15,605
down €15,605 (-31.4%), from €49,669 to €34,064
of which Trade receivables: -€18,065
- Tangible fixed assets -€6,588
down €6,588 (-18.3%), from €35,986 to €29,398
of which Furniture and vehicles: -€7,185
- Deferred charges and accrued income -€3,374
down €3,374 (-94.5%), from €3,569 to €195
- Profit (loss) carried forward +€36,383
up €36,383, from -€6,831 to €29,552
- Tax, wage and social debts -€11,987
down €11,987 (-39.2%), from €30,548 to €18,561
- Trade debts -€10,691
down €10,691 (-29.6%), from €36,062 to €25,371
- Debts after one year -€8,755
no longer reported in 2025 (was €8,755)
- Current portion of long-term debt -€3,737
down €3,737 (-29.9%), from €12,492 to €8,755
- Taxes -€22,817
down €22,817 (-94.8%), from €24,063 to €1,246
- Gross operating margin +€8,379
up €8,379 (+18.3%), from €45,757 to €54,136
- Other operating charges -€1,598
down €1,598 (-25.7%), from €6,207 to €4,609
- Financial charges -€755
down €755 (-31.6%), from €2,391 to €1,636
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 | €100,026 | €101,239 | +€1,213 | +1.2% |
| Fixed assets | 21/28 | €44,370 | €36,782 | -€7,588 | -17.1% |
| Intangible fixed assets | 21 | €8,384 | €7,384 | -€1,000 | -11.9% |
| Tangible fixed assets | 22/27 | €35,986 | €29,398 | -€6,588 | -18.3% |
| Plant, machinery and equipment | 23 | €5,003 | €5,875 | +€872 | +17.4% |
| Furniture and vehicles | 24 | €29,933 | €22,748 | -€7,185 | -24.0% |
| Other tangible fixed assets | 26 | €1,050 | €775 | -€275 | -26.2% |
| Current assets | 29/58 | €55,656 | €64,457 | +€8,801 | +15.8% |
| Amounts receivable within one year | 40/41 | €49,669 | €34,064 | -€15,605 | -31.4% |
| Trade receivables | 40 | €49,669 | €31,604 | -€18,065 | -36.4% |
| Other amounts receivable | 41 | - | €2,460 | +€2,460 | |
| Cash at bank and in hand | 54/58 | €2,418 | €30,198 | +€27,780 | +1,149% |
| Deferred charges and accrued income | 490/1 | €3,569 | €195 | -€3,374 | -94.5% |
| Total equity and liabilities | 10/49 | €100,026 | €101,239 | +€1,213 | +1.2% |
| Equity | 10/15 | €12,169 | €48,552 | +€36,383 | +299% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,831 | €29,552 | +€36,383 | |
| Amounts payable | 17/49 | €87,857 | €52,687 | -€35,170 | -40.0% |
| Amounts payable after more than one year | 17 | €8,755 | - | -€8,755 | |
| Financial debts | 170/4 | €8,755 | - | -€8,755 | |
| Amounts payable within one year | 42/48 | €79,102 | €52,687 | -€26,415 | -33.4% |
| Current portion of amounts payable after more than one year | 42 | €12,492 | €8,755 | -€3,737 | -29.9% |
| Trade debts | 44 | €36,062 | €25,371 | -€10,691 | -29.6% |
| Suppliers | 440/4 | €36,062 | €25,371 | -€10,691 | -29.6% |
| Taxes, remuneration and social security | 45 | €30,548 | €18,561 | -€11,987 | -39.2% |
| Taxes | 450/3 | €30,548 | €18,561 | -€11,987 | -39.2% |
| Non-recurring operating income | 76A | €12,589 | €8,000 | -€4,589 | -36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,889 | €10,262 | +€373 | +3.8% |
| Other operating charges | 640/8 | €6,207 | €4,609 | -€1,598 | -25.7% |
| Gross operating margin | 9900 | €45,757 | €54,136 | +€8,379 | +18.3% |
| Operating profit (loss) | 9901 | €29,661 | €39,265 | +€9,604 | +32.4% |
| Financial charges | 65/66B | €2,391 | €1,636 | -€755 | -31.6% |
| Recurring financial charges | 65 | €2,391 | €1,636 | -€755 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €27,270 | €37,629 | +€10,359 | +38.0% |
| Income taxes | 67/77 | €24,063 | €1,246 | -€22,817 | -94.8% |
| Profit (loss) for the period | 9904 | €3,207 | €36,383 | +€33,176 | +1,034% |
| Profit (loss) for the period to be appropriated | 9905 | €3,207 | €36,383 | +€33,176 | +1,034% |
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 14 October 2026 via checked.be.