SWL Consulting: 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.
SWL Consulting
Largest movements
- Tangible fixed assets +€56,362
up €56,362 (+16.2%), from €348,526 to €404,888
of which Other tangible fixed assets: +€51,984
- Stocks and contracts +€55,000
up €55,000 (+921%), from €5,975 to €60,975
- Receivables within one year +€50,948
up €50,948 (+174%), from €29,239 to €80,187
of which Other amounts receivable: +€61,139
- Cash +€19,286
up €19,286 (+91.2%), from €21,145 to €40,430
mainly Net result for the year (+€151,504) and Tax, wage and social debts (+€28,981)
- Profit (loss) carried forward +€151,504
up €151,504 (+103%), from €146,422 to €297,926
- Tax, wage and social debts +€28,981
up €28,981 (+45.4%), from €63,860 to €92,841
- Current portion of long-term debt +€6,982
up €6,982 (+29.0%), from €24,104 to €31,086
- Gross operating margin +€52,125
up €52,125 (+28.2%), from €184,654 to €236,778
- Other operating charges -€14,731
down €14,731 (-82.6%), from €17,825 to €3,095
- Taxes +€9,933
up €9,933 (+24.0%), from €41,454 to €51,387
- Depreciation +€8,399
up €8,399 (+50.1%), from €16,765 to €25,164
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €414,885 | €597,900 | +€183,015 | +44.1% |
| Fixed assets | 21/28 | €358,526 | €414,888 | +€56,362 | +15.7% |
| Tangible fixed assets | 22/27 | €348,526 | €404,888 | +€56,362 | +16.2% |
| Land and buildings | 22 | €303,149 | €301,346 | -€1,803 | -0.6% |
| Plant, machinery and equipment | 23 | €9,047 | €7,670 | -€1,377 | -15.2% |
| Furniture and vehicles | 24 | €34,387 | €41,946 | +€7,559 | +22.0% |
| Other tangible fixed assets | 26 | €1,942 | €53,926 | +€51,984 | +2,677% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €56,359 | €183,012 | +€126,653 | +225% |
| Stocks and contracts in progress | 3 | €5,975 | €60,975 | +€55,000 | +921% |
| Stocks | 30/36 | €5,975 | €60,975 | +€55,000 | +921% |
| Amounts receivable within one year | 40/41 | €29,239 | €80,187 | +€50,948 | +174% |
| Trade receivables | 40 | €18,665 | €8,474 | -€10,192 | -54.6% |
| Other amounts receivable | 41 | €10,574 | €71,713 | +€61,139 | +578% |
| Cash at bank and in hand | 54/58 | €21,145 | €40,430 | +€19,286 | +91.2% |
| Deferred charges and accrued income | 490/1 | - | €1,420 | +€1,420 | |
| Total equity and liabilities | 10/49 | €414,885 | €597,900 | +€183,015 | +44.1% |
| Equity | 10/15 | €176,741 | €328,245 | +€151,504 | +85.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,119 | €24,119 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,809 | €11,809 | = | 0.0% |
| Distributable reserves | 133 | €12,309 | €12,309 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,422 | €297,926 | +€151,504 | +103% |
| Amounts payable | 17/49 | €238,144 | €269,655 | +€31,511 | +13.2% |
| Amounts payable after more than one year | 17 | €140,597 | €135,614 | -€4,982 | -3.5% |
| Financial debts | 170/4 | €140,597 | €135,614 | -€4,982 | -3.5% |
| Amounts payable within one year | 42/48 | €97,548 | €134,041 | +€36,494 | +37.4% |
| Current portion of amounts payable after more than one year | 42 | €24,104 | €31,086 | +€6,982 | +29.0% |
| Trade debts | 44 | €9,583 | €10,114 | +€531 | +5.5% |
| Suppliers | 440/4 | €9,583 | €10,114 | +€531 | +5.5% |
| Taxes, remuneration and social security | 45 | €63,860 | €92,841 | +€28,981 | +45.4% |
| Taxes | 450/3 | €63,860 | €92,841 | +€28,981 | +45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,765 | €25,164 | +€8,399 | +50.1% |
| Other operating charges | 640/8 | €17,825 | €3,095 | -€14,731 | -82.6% |
| Gross operating margin | 9900 | €184,654 | €236,778 | +€52,125 | +28.2% |
| Operating profit (loss) | 9901 | €150,064 | €208,520 | +€58,456 | +39.0% |
| Financial charges | 65/66B | €3,528 | €5,628 | +€2,100 | +59.5% |
| Recurring financial charges | 65 | €3,528 | €5,628 | +€2,100 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | €146,536 | €202,891 | +€56,356 | +38.5% |
| Income taxes | 67/77 | €41,454 | €51,387 | +€9,933 | +24.0% |
| Profit (loss) for the period | 9904 | €105,082 | €151,504 | +€46,423 | +44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €105,082 | €151,504 | +€46,423 | +44.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.