SWOLFS CONSULTANCY: 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.
SWOLFS CONSULTANCY
Largest movements
- Receivables within one year -€41,820
down €41,820 (-16.3%), from €257,298 to €215,479
of which Trade receivables: -€90,000
- Current investments -€39,409
down €39,409 (-16.1%), from €244,979 to €205,569
- Cash +€17,836
up €17,836 (+12.6%), from €141,020 to €158,856
mainly Other debts (+€293,600) and Receivables within one year (+€41,820)
- Reserves -€309,062
down €309,062 (-49.6%), from €623,477 to €314,415
of which Distributable reserves: -€309,062
- Other debts +€293,600
new in 2025: €293,600
- Accrued charges and deferred income -€39,409
down €39,409 (-100%), from €39,409 to €0
- Trade debts -€11,952
down €11,952 (-88.8%), from €13,462 to €1,510
- Tax, wage and social debts -€10,058
down €10,058 (-91.9%), from €10,943 to €885
- Gross operating margin -€124,601
down €124,601, from €107,133 to -€17,468
- Taxes -€34,524
down €34,524 (-100%), from €34,524 to €0
- Other operating charges -€5,849
down €5,849 (-89.4%), from €6,546 to €697
- Financial income +€2,049
up €2,049 (+25.5%), from €8,021 to €10,070
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 | €693,492 | €616,610 | -€76,882 | -11.1% |
| Fixed assets | 21/28 | €38,825 | €31,932 | -€6,893 | -17.8% |
| Tangible fixed assets | 22/27 | €38,825 | €31,932 | -€6,893 | -17.8% |
| Furniture and vehicles | 24 | €22,320 | €16,172 | -€6,148 | -27.5% |
| Other tangible fixed assets | 26 | €16,505 | €15,760 | -€745 | -4.5% |
| Current assets | 29/58 | €654,667 | €584,678 | -€69,989 | -10.7% |
| Amounts receivable after more than one year | 29 | €9,589 | €4,200 | -€5,389 | -56.2% |
| Other amounts receivable | 291 | €9,589 | €4,200 | -€5,389 | -56.2% |
| Amounts receivable within one year | 40/41 | €257,298 | €215,479 | -€41,820 | -16.3% |
| Trade receivables | 40 | €90,000 | €0 | -€90,000 | -100% |
| Other amounts receivable | 41 | €167,298 | €215,479 | +€48,180 | +28.8% |
| Current investments | 50/53 | €244,979 | €205,569 | -€39,409 | -16.1% |
| Cash at bank and in hand | 54/58 | €141,020 | €158,856 | +€17,836 | +12.6% |
| Deferred charges and accrued income | 490/1 | €1,781 | €574 | -€1,207 | -67.7% |
| Total equity and liabilities | 10/49 | €693,492 | €616,610 | -€76,882 | -11.1% |
| Equity | 10/15 | €629,677 | €320,615 | -€309,062 | -49.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €623,477 | €314,415 | -€309,062 | -49.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €623,477 | €314,415 | -€309,062 | -49.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €63,815 | €295,995 | +€232,180 | +364% |
| Amounts payable within one year | 42/48 | €24,406 | €295,995 | +€271,589 | +1,113% |
| Trade debts | 44 | €13,462 | €1,510 | -€11,952 | -88.8% |
| Suppliers | 440/4 | €13,462 | €1,510 | -€11,952 | -88.8% |
| Taxes, remuneration and social security | 45 | €10,943 | €885 | -€10,058 | -91.9% |
| Taxes | 450/3 | €10,943 | €885 | -€10,058 | -91.9% |
| Other amounts payable | 47/48 | - | €293,600 | +€293,600 | |
| Accrued charges and deferred income | 492/3 | €39,409 | €0 | -€39,409 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,450 | €6,893 | +€443 | +6.9% |
| Other operating charges | 640/8 | €6,546 | €697 | -€5,849 | -89.4% |
| Gross operating margin | 9900 | €107,133 | -€17,468 | -€124,601 | |
| Operating profit (loss) | 9901 | €94,137 | -€25,058 | -€119,195 | |
| Financial income | 75/76B | €8,021 | €10,070 | +€2,049 | +25.5% |
| Recurring financial income | 75 | €8,021 | €10,070 | +€2,049 | +25.5% |
| Financial charges | 65/66B | €661 | €474 | -€187 | -28.3% |
| Recurring financial charges | 65 | €661 | €474 | -€187 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €101,497 | -€15,462 | -€116,959 | |
| Income taxes | 67/77 | €34,524 | €0 | -€34,524 | -100% |
| Profit (loss) for the period | 9904 | €66,974 | -€15,462 | -€82,435 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,974 | -€15,462 | -€82,435 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.