SWM 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.
SWM CONSULTING
Largest movements
- Cash +€56,691
up €56,691 (+26.8%), from €211,188 to €267,879
mainly Net result for the year (+€50,041) and Other debts (+€46,125)
- Receivables within one year +€20,827
up €20,827 (+125%), from €16,644 to €37,472
of which Trade receivables: +€20,554
- Tangible fixed assets -€15,366
down €15,366 (-24.0%), from €64,089 to €48,724
of which Leasing and similar rights: -€18,101
- Other debts +€46,125
up €46,125 (+48.1%), from €95,913 to €142,038
- Reserves +€11,239
up €11,239 (+12.0%), from €93,487 to €104,726
- Tax, wage and social debts +€4,382
up €4,382 (+77.1%), from €5,687 to €10,069
- Gross operating margin +€40,495
up €40,495 (+64.6%), from €62,651 to €103,147
- Financial income -€10,223
down €10,223 (-85.4%), from €11,964 to €1,741
- Taxes +€6,331
up €6,331 (+52.7%), from €12,016 to €18,346
- Depreciation +€4,440
up €4,440 (+18.3%), from €24,313 to €28,753
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 | €301,746 | €363,825 | +€62,079 | +20.6% |
| Fixed assets | 21/28 | €64,089 | €48,724 | -€15,366 | -24.0% |
| Tangible fixed assets | 22/27 | €64,089 | €48,724 | -€15,366 | -24.0% |
| Land and buildings | 22 | €32,118 | €33,538 | +€1,420 | +4.4% |
| Plant, machinery and equipment | 23 | - | €1,320 | +€1,320 | |
| Furniture and vehicles | 24 | €8,037 | €8,032 | -€5 | -0.1% |
| Leasing and similar rights | 25 | €23,935 | €5,834 | -€18,101 | -75.6% |
| Current assets | 29/58 | €237,657 | €315,101 | +€77,445 | +32.6% |
| Amounts receivable within one year | 40/41 | €16,644 | €37,472 | +€20,827 | +125% |
| Trade receivables | 40 | €13,171 | €33,725 | +€20,554 | +156% |
| Other amounts receivable | 41 | €3,473 | €3,747 | +€273 | +7.9% |
| Current investments | 50/53 | €9,641 | €9,751 | +€110 | +1.1% |
| Cash at bank and in hand | 54/58 | €211,188 | €267,879 | +€56,691 | +26.8% |
| Deferred charges and accrued income | 490/1 | €183 | - | -€183 | |
| Total equity and liabilities | 10/49 | €301,746 | €363,825 | +€62,079 | +20.6% |
| Equity | 10/15 | €195,426 | €206,665 | +€11,239 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,487 | €104,726 | +€11,239 | +12.0% |
| Distributable reserves | 133 | €93,487 | €104,726 | +€11,239 | +12.0% |
| Profit (loss) carried forward | 14 | €83,340 | €83,340 | = | 0.0% |
| Amounts payable | 17/49 | €106,320 | €157,160 | +€50,840 | +47.8% |
| Amounts payable within one year | 42/48 | €106,320 | €157,160 | +€50,840 | +47.8% |
| Trade debts | 44 | €4,720 | €5,053 | +€333 | +7.1% |
| Suppliers | 440/4 | €4,720 | €5,053 | +€333 | +7.1% |
| Taxes, remuneration and social security | 45 | €5,687 | €10,069 | +€4,382 | +77.1% |
| Taxes | 450/3 | €5,687 | €10,069 | +€4,382 | +77.1% |
| Other amounts payable | 47/48 | €95,913 | €142,038 | +€46,125 | +48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,313 | €28,753 | +€4,440 | +18.3% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €62,651 | €103,147 | +€40,495 | +64.6% |
| Operating profit (loss) | 9901 | €37,833 | €73,874 | +€36,041 | +95.3% |
| Financial income | 75/76B | €11,964 | €1,741 | -€10,223 | -85.4% |
| Recurring financial income | 75 | €11,964 | €1,741 | -€10,223 | -85.4% |
| Financial charges | 65/66B | €7,122 | €7,227 | +€105 | +1.5% |
| Recurring financial charges | 65 | €7,122 | €7,227 | +€105 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €42,675 | €68,387 | +€25,713 | +60.3% |
| Income taxes | 67/77 | €12,016 | €18,346 | +€6,331 | +52.7% |
| Profit (loss) for the period | 9904 | €30,659 | €50,041 | +€19,382 | +63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,659 | €50,041 | +€19,382 | +63.2% |
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 17 October 2026 via checked.be.