SWPI: 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.
SWPI
Largest movements
- Receivables within one year +€40,113
up €40,113 (+13.3%), from €301,240 to €341,353
of which Trade receivables: +€39,250
- Cash -€14,054
down €14,054 (-81.4%), from €17,257 to €3,203
mainly Receivables within one year (-€40,113) and Investment in fixed assets (net) (-€636)
- Tangible fixed assets -€6,585
down €6,585 (-2.6%), from €249,398 to €242,813
of which Land and buildings: -€6,419
- Trade debts +€6,766
up €6,766 (+7.9%), from €85,804 to €92,570
- Gross operating margin -€256,824
down €256,824 (-91.6%), from €280,353 to €23,528
- Financial charges -€15,835
down €15,835 (-85.9%), from €18,433 to €2,598
- Taxes -€4,560
down €4,560 (-69.5%), from €6,560 to €2,000
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €618,370 | €637,845 | +€19,474 | +3.1% |
| Fixed assets | 21/28 | €249,398 | €242,813 | -€6,585 | -2.6% |
| Tangible fixed assets | 22/27 | €249,398 | €242,813 | -€6,585 | -2.6% |
| Land and buildings | 22 | €243,004 | €236,585 | -€6,419 | -2.6% |
| Plant, machinery and equipment | 23 | €2,883 | €2,710 | -€173 | -6.0% |
| Furniture and vehicles | 24 | €3,510 | €3,518 | +€8 | +0.2% |
| Current assets | 29/58 | €368,973 | €395,032 | +€26,059 | +7.1% |
| Stocks and contracts in progress | 3 | €50,476 | €50,476 | = | 0.0% |
| Stocks | 30/36 | €50,476 | €50,476 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €301,240 | €341,353 | +€40,113 | +13.3% |
| Trade receivables | 40 | €301,240 | €340,490 | +€39,250 | +13.0% |
| Other amounts receivable | 41 | - | €863 | +€863 | |
| Cash at bank and in hand | 54/58 | €17,257 | €3,203 | -€14,054 | -81.4% |
| Total equity and liabilities | 10/49 | €618,370 | €637,845 | +€19,474 | +3.1% |
| Equity | 10/15 | €69,722 | €75,799 | +€6,077 | +8.7% |
| Contributions | 10/11 | €126,552 | €126,552 | = | 0.0% |
| Reserves | 13 | €9,019 | €9,019 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,019 | €9,019 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,019 | €9,019 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,849 | -€59,772 | +€6,077 | +9.2% |
| Amounts payable | 17/49 | €548,649 | €562,046 | +€13,397 | +2.4% |
| Amounts payable after more than one year | 17 | €387,480 | €391,743 | +€4,263 | +1.1% |
| Financial debts | 170/4 | €387,480 | €391,743 | +€4,263 | +1.1% |
| Amounts payable within one year | 42/48 | €143,921 | €150,566 | +€6,645 | +4.6% |
| Financial debts | 43 | €49,436 | €49,436 | = | 0.0% |
| Other loans | 439 | €49,436 | €49,436 | = | 0.0% |
| Trade debts | 44 | €85,804 | €92,570 | +€6,766 | +7.9% |
| Suppliers | 440/4 | €85,804 | €92,570 | +€6,766 | +7.9% |
| Taxes, remuneration and social security | 45 | €8,681 | €8,560 | -€122 | -1.4% |
| Taxes | 450/3 | €8,681 | €8,560 | -€122 | -1.4% |
| Accrued charges and deferred income | 492/3 | €17,248 | €19,737 | +€2,489 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,686 | €7,220 | +€1,535 | +27.0% |
| Other operating charges | 640/8 | €384 | €1,133 | +€748 | +194.6% |
| Non-recurring operating charges | 66A | - | €4,500 | +€4,500 | |
| Gross operating margin | 9900 | €280,353 | €23,528 | -€256,824 | -91.6% |
| Operating profit (loss) | 9901 | €274,282 | €10,675 | -€263,607 | -96.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €18,433 | €2,598 | -€15,835 | -85.9% |
| Recurring financial charges | 65 | €18,433 | €2,598 | -€15,835 | -85.9% |
| Profit (loss) for the period before taxes | 9903 | €255,850 | €8,077 | -€247,773 | -96.8% |
| Income taxes | 67/77 | €6,560 | €2,000 | -€4,560 | -69.5% |
| Profit (loss) for the period | 9904 | €249,290 | €6,077 | -€243,213 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €249,290 | €6,077 | -€243,213 | -97.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.