SWORD INTEGRA: 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.
SWORD INTEGRA
Largest movements
- Receivables within one year +€2.0m
up €2.0m (+353.8%), from €565,839 to €2.6m
of which Other amounts receivable: +€1.9m
- Cash -€1.8m
down €1.8m (-93.6%), from €2.0m to €125,890
mainly Receivables within one year (-€2.0m) and Trade debts (-€475,609)
- Stocks and contracts -€541,887
down €541,887 (-77.0%), from €703,326 to €161,439
- Trade debts -€475,609
down €475,609 (-64.6%), from €735,743 to €260,134
- Profit (loss) carried forward +€86,668
up €86,668, from -€79,594 to €7,074
- Turnover -€2.4m
down €2.4m (-55.7%), from €4.3m to €1.9m
- Purchases and services -€2.2m
down €2.2m (-62.2%), from €3.5m to €1.3m
- Gross operating margin -€202,100
down €202,100 (-26.0%), from €775,904 to €573,804
- Staff costs -€185,928
down €185,928 (-27.9%), from €666,081 to €480,153
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 | €3,237,028 | €2,859,967 | -€377,061 | -11.6% |
| Fixed assets | 21/28 | €3,000 | €3,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €3,234,028 | €2,856,967 | -€377,061 | -11.7% |
| Stocks and contracts in progress | 3 | €703,326 | €161,439 | -€541,887 | -77.0% |
| Contracts in progress | 37 | €703,326 | €161,439 | -€541,887 | -77.0% |
| Amounts receivable within one year | 40/41 | €565,839 | €2,567,943 | +€2.0m | +353.8% |
| Trade receivables | 40 | €87,379 | €222,259 | +€134,880 | +154.4% |
| Other amounts receivable | 41 | €478,460 | €2,345,684 | +€1.9m | +390.3% |
| Cash at bank and in hand | 54/58 | €1,964,863 | €125,890 | -€1.8m | -93.6% |
| Deferred charges and accrued income | 490/1 | - | €1,695 | +€1,695 | |
| Total equity and liabilities | 10/49 | €3,237,028 | €2,859,967 | -€377,061 | -11.6% |
| Equity | 10/15 | €2,322,176 | €2,409,216 | +€87,040 | +3.7% |
| Contributions | 10/11 | €2,361,500 | €2,361,500 | = | 0.0% |
| Capital | 10 | €2,361,500 | €2,361,500 | = | 0.0% |
| Issued capital | 100 | €2,361,500 | €2,361,500 | = | 0.0% |
| Reserves | 13 | €40,270 | €40,642 | +€372 | +0.9% |
| Non-distributable reserves | 130/1 | €40,270 | €40,642 | +€372 | +0.9% |
| Legal reserve | 130 | €40,270 | €40,642 | +€372 | +0.9% |
| Profit (loss) carried forward | 14 | -€79,594 | €7,074 | +€86,668 | |
| Amounts payable | 17/49 | €914,852 | €450,751 | -€464,101 | -50.7% |
| Amounts payable within one year | 42/48 | €914,852 | €450,751 | -€464,101 | -50.7% |
| Trade debts | 44 | €735,743 | €260,134 | -€475,609 | -64.6% |
| Suppliers | 440/4 | €735,743 | €260,134 | -€475,609 | -64.6% |
| Taxes, remuneration and social security | 45 | €171,438 | €181,693 | +€10,255 | +6.0% |
| Taxes | 450/3 | €116,297 | €114,061 | -€2,236 | -1.9% |
| Remuneration and social security | 454/9 | €55,141 | €67,632 | +€12,491 | +22.7% |
| Other amounts payable | 47/48 | €7,671 | €8,924 | +€1,253 | +16.3% |
| Turnover | 70 | €4,257,951 | €1,887,561 | -€2.4m | -55.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,498,922 | €1,322,511 | -€2.2m | -62.2% |
| Remuneration, social security and pensions | 62 | €666,081 | €480,153 | -€185,928 | -27.9% |
| Other operating charges | 640/8 | €58 | €122 | +€64 | +110.3% |
| Non-recurring operating charges | 66A | €763 | €30,200 | +€29,437 | +3858.1% |
| Gross operating margin | 9900 | €775,904 | €573,804 | -€202,100 | -26.0% |
| Operating profit (loss) | 9901 | €109,002 | €63,329 | -€45,673 | -41.9% |
| Financial income | 75/76B | €91,594 | €69,113 | -€22,481 | -24.5% |
| Recurring financial income | 75 | €91,594 | €69,113 | -€22,481 | -24.5% |
| Financial charges | 65/66B | €8,462 | €7,026 | -€1,436 | -17.0% |
| Recurring financial charges | 65 | €8,462 | €7,026 | -€1,436 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €192,134 | €125,416 | -€66,718 | -34.7% |
| Income taxes | 67/77 | €60,682 | €38,376 | -€22,306 | -36.8% |
| Profit (loss) for the period | 9904 | €131,452 | €87,040 | -€44,412 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €131,452 | €87,040 | -€44,412 | -33.8% |
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 6 October 2026 via checked.be.