SWÖRL: 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.
SWÖRL
Largest movements
- Cash +€3,474
up €3,474 (+12.7%), from €27,348 to €30,822
mainly Net result for the year (+€9,032) and Depreciation (+€1,953)
- Receivables within one year +€2,224
up €2,224 (+12.8%), from €17,403 to €19,627
of which Trade receivables: +€5,721
- Tangible fixed assets -€1,953
down €1,953 (-31.5%), from €6,208 to €4,256
- Profit (loss) carried forward +€9,032
up €9,032 (+56.8%), from €15,894 to €24,926
- Other debts -€6,077
down €6,077 (-96.0%), from €6,331 to €253
- Tax, wage and social debts +€765
up €765 (+9.3%), from €8,220 to €8,985
of which Taxes: +€765
- Gross operating margin +€12,271
up €12,271 (+1,811%), from €678 to €12,949
- Taxes +€2,043
up €2,043, from €0 to €2,043
- Financial income +€343
up €343 (+651%), from €53 to €396
- Depreciation +€265
up €265 (+15.7%), from €1,688 to €1,953
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 | €51,121 | €54,704 | +€3,584 | +7.0% |
| Fixed assets | 21/28 | €6,208 | €4,256 | -€1,953 | -31.5% |
| Tangible fixed assets | 22/27 | €6,208 | €4,256 | -€1,953 | -31.5% |
| Furniture and vehicles | 24 | €6,208 | €4,256 | -€1,953 | -31.5% |
| Current assets | 29/58 | €44,912 | €50,449 | +€5,536 | +12.3% |
| Amounts receivable within one year | 40/41 | €17,403 | €19,627 | +€2,224 | +12.8% |
| Trade receivables | 40 | €13,392 | €19,113 | +€5,721 | +42.7% |
| Other amounts receivable | 41 | €4,011 | €514 | -€3,497 | -87.2% |
| Cash at bank and in hand | 54/58 | €27,348 | €30,822 | +€3,474 | +12.7% |
| Deferred charges and accrued income | 490/1 | €162 | €0 | -€162 | -100% |
| Total equity and liabilities | 10/49 | €51,121 | €54,704 | +€3,584 | +7.0% |
| Equity | 10/15 | €36,354 | €45,386 | +€9,032 | +24.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,894 | €24,926 | +€9,032 | +56.8% |
| Amounts payable | 17/49 | €14,767 | €9,319 | -€5,448 | -36.9% |
| Amounts payable within one year | 42/48 | €14,767 | €9,319 | -€5,448 | -36.9% |
| Trade debts | 44 | €216 | €80 | -€136 | -63.0% |
| Suppliers | 440/4 | €216 | €80 | -€136 | -63.0% |
| Taxes, remuneration and social security | 45 | €8,220 | €8,985 | +€765 | +9.3% |
| Taxes | 450/3 | €3,720 | €4,485 | +€765 | +20.6% |
| Remuneration and social security | 454/9 | €4,500 | €4,500 | = | 0.0% |
| Other amounts payable | 47/48 | €6,331 | €253 | -€6,077 | -96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,688 | €1,953 | +€265 | +15.7% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €678 | €12,949 | +€12,271 | +1,811% |
| Operating profit (loss) | 9901 | -€1,129 | €10,876 | +€12,005 | |
| Financial income | 75/76B | €53 | €396 | +€343 | +651% |
| Recurring financial income | 75 | €53 | €396 | +€343 | +651% |
| Financial charges | 65/66B | €220 | €197 | -€23 | -10.2% |
| Recurring financial charges | 65 | €220 | €197 | -€23 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,296 | €11,075 | +€12,371 | |
| Income taxes | 67/77 | €0 | €2,043 | +€2,043 | |
| Profit (loss) for the period | 9904 | -€1,296 | €9,032 | +€10,327 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,296 | €9,032 | +€10,327 |
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 14 October 2026 via checked.be.