Swizzit: what changed
Two fiscal 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.
Swizzit
Largest movements
- Cash +€74,695
up €74,695 (+57.8%), from €129,210 to €203,904
mainly Net result for the year (+€63,946) and Other debts (+€39,344)
- Tangible fixed assets -€11,022
down €11,022 (-24.7%), from €44,694 to €33,672
- Receivables after one year -€10,000
down €10,000 (-100.0%), from €10,000 to €0
- Other debts +€39,344
up €39,344 (+117.2%), from €33,566 to €72,909
- Tax, wage and social debts +€22,885
up €22,885 (+164.5%), from €13,912 to €36,797
- Reserves -€9,483
down €9,483 (-6.8%), from €138,850 to €129,367
of which Distributable reserves: -€9,483
- Trade debts +€3,125
up €3,125 (+308.4%), from €1,013 to €4,139
- Gross operating margin +€21,381
up €21,381 (+25.1%), from €85,139 to €106,520
- Taxes +€12,921
up €12,921 (+103.4%), from €12,496 to €25,416
- Financial income -€4,036
down €4,036 (-87.1%), from €4,636 to €600
- Financial charges +€3,989
up €3,989 (+218.4%), from €1,826 to €5,816
- Depreciation +€2,012
up €2,012 (+22.3%), from €9,010 to €11,022
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.
Cash bridge derived
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 | €208,921 | €264,312 | +€55,391 | +26.5% |
| Fixed assets | 21/28 | €44,694 | €33,672 | -€11,022 | -24.7% |
| Tangible fixed assets | 22/27 | €44,694 | €33,672 | -€11,022 | -24.7% |
| Furniture and vehicles | 24 | €44,694 | €33,672 | -€11,022 | -24.7% |
| Current assets | 29/58 | €164,227 | €230,640 | +€66,412 | +40.4% |
| Amounts receivable after more than one year | 29 | €10,000 | €0 | -€10,000 | -100.0% |
| Other amounts receivable | 291 | €10,000 | €0 | -€10,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €24,631 | €26,335 | +€1,704 | +6.9% |
| Trade receivables | 40 | €14,520 | €16,335 | +€1,815 | +12.5% |
| Other amounts receivable | 41 | €10,111 | €10,000 | -€111 | -1.1% |
| Cash at bank and in hand | 54/58 | €129,210 | €203,904 | +€74,695 | +57.8% |
| Deferred charges and accrued income | 490/1 | €387 | €400 | +€13 | +3.4% |
| Total equity and liabilities | 10/49 | €208,921 | €264,312 | +€55,391 | +26.5% |
| Equity | 10/15 | €157,450 | €147,967 | -€9,483 | -6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €138,850 | €129,367 | -€9,483 | -6.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €138,850 | €129,367 | -€9,483 | -6.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €51,471 | €116,345 | +€64,874 | +126.0% |
| Amounts payable within one year | 42/48 | €48,491 | €113,845 | +€65,354 | +134.8% |
| Trade debts | 44 | €1,013 | €4,139 | +€3,125 | +308.4% |
| Suppliers | 440/4 | €1,013 | €4,139 | +€3,125 | +308.4% |
| Taxes, remuneration and social security | 45 | €13,912 | €36,797 | +€22,885 | +164.5% |
| Taxes | 450/3 | €13,912 | €36,797 | +€22,885 | +164.5% |
| Other amounts payable | 47/48 | €33,566 | €72,909 | +€39,344 | +117.2% |
| Accrued charges and deferred income | 492/3 | €2,980 | €2,500 | -€480 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,010 | €11,022 | +€2,012 | +22.3% |
| Other operating charges | 640/8 | €1,021 | €921 | -€101 | -9.9% |
| Gross operating margin | 9900 | €85,139 | €106,520 | +€21,381 | +25.1% |
| Operating profit (loss) | 9901 | €75,108 | €94,578 | +€19,470 | +25.9% |
| Financial income | 75/76B | €4,636 | €600 | -€4,036 | -87.1% |
| Recurring financial income | 75 | €4,636 | €600 | -€4,036 | -87.1% |
| Financial charges | 65/66B | €1,826 | €5,816 | +€3,989 | +218.4% |
| Recurring financial charges | 65 | €1,826 | €5,816 | +€3,989 | +218.4% |
| Profit (loss) for the period before taxes | 9903 | €77,917 | €89,362 | +€11,445 | +14.7% |
| Income taxes | 67/77 | €12,496 | €25,416 | +€12,921 | +103.4% |
| Profit (loss) for the period | 9904 | €65,421 | €63,946 | -€1,476 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €65,421 | €63,946 | -€1,476 | -2.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.