SWOFYT: 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.
SWOFYT
Largest movements
- Stocks and contracts -€12,810
down €12,810 (-68.3%), from €18,753 to €5,943
- Cash -€2,884
down €2,884 (-100%), from €2,884 to €0
mainly Trade debts (-€23,735) and Receivables within one year (-€2,587)
- Receivables within one year +€2,587
up €2,587 (+41.0%), from €6,316 to €8,903
- Tangible fixed assets -€974
down €974 (-23.0%), from €4,239 to €3,265
of which Plant, machinery and equipment: -€568
- Deferred charges and accrued income +€426
up €426 (+1,084%), from €39 to €465
- Trade debts -€23,735
down €23,735 (-78.9%), from €30,091 to €6,356
- Other debts +€11,474
up €11,474 (+117%), from €9,781 to €21,255
- Tax, wage and social debts -€1,112
down €1,112 (-35.8%), from €3,106 to €1,994
of which Remuneration and social security: -€1,112
- Profit (loss) carried forward -€371
down €371 (-2.4%), from -€15,630 to -€16,001
- Staff costs -€13,476
down €13,476 (-75.5%), from €17,858 to €4,381
- Gross operating margin -€1,368
down €1,368 (-15.9%), from €8,598 to €7,230
- Taxes -€806
down €806 (-86.1%), from €936 to €130
- Other operating charges -€760
down €760 (-43.1%), from €1,766 to €1,005
- Depreciation -€498
down €498 (-33.8%), from €1,472 to €974
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 | €32,231 | €18,575 | -€13,656 | -42.4% |
| Fixed assets | 21/28 | €4,239 | €3,265 | -€974 | -23.0% |
| Tangible fixed assets | 22/27 | €4,239 | €3,265 | -€974 | -23.0% |
| Plant, machinery and equipment | 23 | €3,411 | €2,842 | -€568 | -16.7% |
| Furniture and vehicles | 24 | €828 | €422 | -€406 | -49.0% |
| Current assets | 29/58 | €27,992 | €15,310 | -€12,682 | -45.3% |
| Stocks and contracts in progress | 3 | €18,753 | €5,943 | -€12,810 | -68.3% |
| Stocks | 30/36 | €18,753 | €5,943 | -€12,810 | -68.3% |
| Amounts receivable within one year | 40/41 | €6,316 | €8,903 | +€2,587 | +41.0% |
| Other amounts receivable | 41 | €6,316 | €8,903 | +€2,587 | +41.0% |
| Cash at bank and in hand | 54/58 | €2,884 | €0 | -€2,884 | -100% |
| Deferred charges and accrued income | 490/1 | €39 | €465 | +€426 | +1,084% |
| Total equity and liabilities | 10/49 | €32,231 | €18,575 | -€13,656 | -42.4% |
| Equity | 10/15 | -€15,630 | -€16,001 | -€371 | -2.4% |
| Profit (loss) carried forward | 14 | -€15,630 | -€16,001 | -€371 | -2.4% |
| Amounts payable | 17/49 | €47,861 | €34,576 | -€13,285 | -27.8% |
| Amounts payable within one year | 42/48 | €47,861 | €34,576 | -€13,285 | -27.8% |
| Financial debts | 43 | €4,883 | €4,971 | +€87 | +1.8% |
| Credit institutions | 430/8 | €4,883 | €4,971 | +€87 | +1.8% |
| Trade debts | 44 | €30,091 | €6,356 | -€23,735 | -78.9% |
| Suppliers | 440/4 | €30,091 | €6,356 | -€23,735 | -78.9% |
| Taxes, remuneration and social security | 45 | €3,106 | €1,994 | -€1,112 | -35.8% |
| Taxes | 450/3 | €1,974 | €1,974 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,132 | €20 | -€1,112 | -98.2% |
| Other amounts payable | 47/48 | €9,781 | €21,255 | +€11,474 | +117% |
| Remuneration, social security and pensions | 62 | €17,858 | €4,381 | -€13,476 | -75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,472 | €974 | -€498 | -33.8% |
| Other operating charges | 640/8 | €1,766 | €1,005 | -€760 | -43.1% |
| Gross operating margin | 9900 | €8,598 | €7,230 | -€1,368 | -15.9% |
| Operating profit (loss) | 9901 | -€12,497 | €869 | +€13,366 | |
| Financial income | 75/76B | €0 | €3 | +€3 | +28,200% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +28,200% |
| Financial charges | 65/66B | €1,067 | €1,113 | +€47 | +4.4% |
| Recurring financial charges | 65 | €1,067 | €1,113 | +€47 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,563 | -€241 | +€13,322 | +98.2% |
| Income taxes | 67/77 | €936 | €130 | -€806 | -86.1% |
| Profit (loss) for the period | 9904 | -€14,499 | -€371 | +€14,128 | +97.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,499 | -€371 | +€14,128 | +97.4% |
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 16 October 2026 via checked.be.