Swivvle: what changed
What changed
Swivvle
NACE 46.499, Wholesale of other household goods
filed annual accounts (NBB)
Net result for the year
-€164,229
2024 · -€61,629-€102,600
Equity
-€175,074
2024 · -€10,845-€164,229
Cash
€13,044
2024 · €2,537+€10,507
Balance sheet total
€317,718
2024 · €307,959+€9,759
Largest movements
Assets
- Deferred charges and accrued income +€29,688
up €29,688 (+1,253%), from €2,370 to €32,058
- Stocks and contracts -€29,241
down €29,241 (-18.8%), from €155,746 to €126,504
- Cash +€10,507
up €10,507 (+414%), from €2,537 to €13,044
mainly Short-term financial debts (+€125,000) and Debts after one year (+€31,783)
- Intangible fixed assets -€5,436
down €5,436 (-4.8%), from €113,119 to €107,683
Equity and liabilities
- Profit (loss) carried forward -€164,229
down €164,229 (-266%), from -€61,629 to -€225,858
- Short-term financial debts +€125,000
up €125,000 (+167%), from €75,000 to €200,000
- Debts after one year +€31,783
up €31,783 (+15.1%), from €210,036 to €241,820
- Current portion of long-term debt +€9,333
up €9,333 (+52.3%), from €17,861 to €27,194
- Trade debts +€3,674
up €3,674 (+24.7%), from €14,852 to €18,526
Income statement
- Gross operating margin -€84,637
down €84,637 (-190%), from -€44,513 to -€129,150
- Depreciation +€12,232
up €12,232 (+371%), from €3,299 to €15,531
- Financial charges +€3,911
up €3,911 (+29.6%), from €13,225 to €17,136
- Other operating charges +€1,961
up €1,961 (+296%), from €663 to €2,625
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
-€61,629
Gross operating margin
-€84,637
Depreciation
-€12,232
Other operating charges
-€1,961
Financial income
+€142
Financial charges
-€3,911
Result 2025
-€164,229
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
-€140,842
Investment
-€14,767
Financing
+€166,116
Cash 2024
€2,537
From operations (derived)
-€140,842
Net result for the year
-€164,229
Depreciation
+€15,531
Stocks and contracts
+€29,241
Receivables within one year
+€430
Deferred charges and accrued income
-€29,688
Trade debts
+€3,674
Tax, wage and social debts
+€327
Advances received
+€3,444
Accrued charges and deferred income
+€427
Investment (derived)
-€14,767
Investment in fixed assets (net)
-€14,767
Financing
+€166,116
Debts after one year
+€31,783
Current portion of long-term debt
+€9,333
Short-term financial debts
+€125,000
Cash 2025
€13,044
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €307,959 | €317,718 | +€9,759 | +3.2% |
| Fixed assets | 21/28 | €114,327 | €113,562 | -€764 | -0.7% |
| Intangible fixed assets | 21 | €113,119 | €107,683 | -€5,436 | -4.8% |
| Tangible fixed assets | 22/27 | €1,208 | €4,279 | +€3,071 | +254% |
| Plant, machinery and equipment | 23 | - | €944 | +€944 | |
| Furniture and vehicles | 24 | €1,208 | €3,335 | +€2,127 | +176% |
| Financial fixed assets | 28 | - | €1,600 | +€1,600 | |
| Current assets | 29/58 | €193,632 | €204,156 | +€10,524 | +5.4% |
| Stocks and contracts in progress | 3 | €155,746 | €126,504 | -€29,241 | -18.8% |
| Stocks | 30/36 | €155,746 | €126,504 | -€29,241 | -18.8% |
| Amounts receivable within one year | 40/41 | €32,979 | €32,549 | -€430 | -1.3% |
| Trade receivables | 40 | €28,074 | €26,054 | -€2,021 | -7.2% |
| Other amounts receivable | 41 | €4,905 | €6,495 | +€1,590 | +32.4% |
| Cash at bank and in hand | 54/58 | €2,537 | €13,044 | +€10,507 | +414% |
| Deferred charges and accrued income | 490/1 | €2,370 | €32,058 | +€29,688 | +1,253% |
| Total equity and liabilities | 10/49 | €307,959 | €317,718 | +€9,759 | +3.2% |
| Equity | 10/15 | -€10,845 | -€175,074 | -€164,229 | -1,514% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €25,784 | €25,784 | = | 0.0% |
| Distributable reserves | 133 | €25,784 | €25,784 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,629 | -€225,858 | -€164,229 | -266% |
| Amounts payable | 17/49 | €318,804 | €492,792 | +€173,988 | +54.6% |
| Amounts payable after more than one year | 17 | €210,036 | €241,820 | +€31,783 | +15.1% |
| Financial debts | 170/4 | €210,036 | €241,820 | +€31,783 | +15.1% |
| Amounts payable within one year | 42/48 | €108,408 | €250,186 | +€141,778 | +131% |
| Current portion of amounts payable after more than one year | 42 | €17,861 | €27,194 | +€9,333 | +52.3% |
| Financial debts | 43 | €75,000 | €200,000 | +€125,000 | +167% |
| Credit institutions | 430/8 | €75,000 | €200,000 | +€125,000 | +167% |
| Trade debts | 44 | €14,852 | €18,526 | +€3,674 | +24.7% |
| Suppliers | 440/4 | €14,852 | €18,526 | +€3,674 | +24.7% |
| Advances received on contracts in progress | 46 | €687 | €4,132 | +€3,444 | +501% |
| Taxes, remuneration and social security | 45 | €8 | €335 | +€327 | +3,979% |
| Taxes | 450/3 | €8 | €335 | +€327 | +3,979% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €360 | €786 | +€427 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,299 | €15,531 | +€12,232 | +371% |
| Other operating charges | 640/8 | €663 | €2,625 | +€1,961 | +296% |
| Gross operating margin | 9900 | -€44,513 | -€129,150 | -€84,637 | -190% |
| Operating profit (loss) | 9901 | -€48,475 | -€147,306 | -€98,830 | -204% |
| Financial income | 75/76B | €71 | €213 | +€142 | +199% |
| Recurring financial income | 75 | €71 | €213 | +€142 | +199% |
| Financial charges | 65/66B | €13,225 | €17,136 | +€3,911 | +29.6% |
| Recurring financial charges | 65 | €13,225 | €17,136 | +€3,911 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | -€61,629 | -€164,229 | -€102,600 | -166% |
| Profit (loss) for the period | 9904 | -€61,629 | -€164,229 | -€102,600 | -166% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,629 | -€164,229 | -€102,600 | -166% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 2 November 2026 via checked.be.