SWYZEN: 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.
SWYZEN
Largest movements
- Tangible fixed assets +€38,880
up €38,880 (+302%), from €12,895 to €51,775
of which Furniture and vehicles: +€40,962
- Cash -€24,296
down €24,296 (-60.5%), from €40,151 to €15,855
mainly Investment in fixed assets (net) (-€44,014) and Contributions, distributions and other (-€37,094)
- Receivables within one year +€12,252
up €12,252 (+60.2%), from €20,348 to €32,601
of which Trade receivables: +€11,501
- Contributions -€37,094
down €37,094 (-45.2%), from €82,084 to €44,990
- Profit (loss) carried forward +€30,365
up €30,365, from -€30,365 to €0
- Debts after one year +€19,670
new in 2025: €19,670
- Current portion of long-term debt +€6,695
new in 2025: €6,695
- Reserves +€4,892
up €4,892 (+263%), from €1,859 to €6,751
of which Distributable reserves: +€4,892
- Gross operating margin +€18,273
up €18,273 (+52.4%), from €34,890 to €53,163
- Taxes +€3,429
up €3,429 (+43.9%), from €7,813 to €11,242
- Depreciation +€2,573
up €2,573 (+101%), from €2,560 to €5,134
- Other operating charges -€1,369
down €1,369 (-55.4%), from €2,470 to €1,101
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 | €73,395 | €100,231 | +€26,837 | +36.6% |
| Fixed assets | 21/28 | €12,895 | €51,775 | +€38,880 | +302% |
| Tangible fixed assets | 22/27 | €12,895 | €51,775 | +€38,880 | +302% |
| Furniture and vehicles | 24 | - | €40,962 | +€40,962 | |
| Other tangible fixed assets | 26 | €12,895 | €10,813 | -€2,082 | -16.1% |
| Current assets | 29/58 | €60,499 | €48,456 | -€12,043 | -19.9% |
| Amounts receivable within one year | 40/41 | €20,348 | €32,601 | +€12,252 | +60.2% |
| Trade receivables | 40 | €16,600 | €28,101 | +€11,501 | +69.3% |
| Other amounts receivable | 41 | €3,748 | €4,500 | +€752 | +20.1% |
| Cash at bank and in hand | 54/58 | €40,151 | €15,855 | -€24,296 | -60.5% |
| Total equity and liabilities | 10/49 | €73,395 | €100,231 | +€26,837 | +36.6% |
| Equity | 10/15 | €53,579 | €51,741 | -€1,838 | -3.4% |
| Contributions | 10/11 | €82,084 | €44,990 | -€37,094 | -45.2% |
| Reserves | 13 | €1,859 | €6,751 | +€4,892 | +263% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,859 | €6,751 | +€4,892 | +263% |
| Profit (loss) carried forward | 14 | -€30,365 | €0 | +€30,365 | |
| Amounts payable | 17/49 | €19,816 | €48,491 | +€28,674 | +145% |
| Amounts payable after more than one year | 17 | - | €19,670 | +€19,670 | |
| Financial debts | 170/4 | - | €19,670 | +€19,670 | |
| Amounts payable within one year | 42/48 | €19,816 | €28,821 | +€9,005 | +45.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,695 | +€6,695 | |
| Trade debts | 44 | €9,773 | €7,206 | -€2,568 | -26.3% |
| Suppliers | 440/4 | €9,773 | €7,206 | -€2,568 | -26.3% |
| Taxes, remuneration and social security | 45 | €10,043 | €14,921 | +€4,878 | +48.6% |
| Taxes | 450/3 | €10,043 | €14,921 | +€4,878 | +48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,560 | €5,134 | +€2,573 | +101% |
| Other operating charges | 640/8 | €2,470 | €1,101 | -€1,369 | -55.4% |
| Gross operating margin | 9900 | €34,890 | €53,163 | +€18,273 | +52.4% |
| Operating profit (loss) | 9901 | €29,860 | €46,928 | +€17,068 | +57.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €174 | €430 | +€256 | +147% |
| Recurring financial charges | 65 | €174 | €430 | +€256 | +147% |
| Profit (loss) for the period before taxes | 9903 | €29,686 | €46,498 | +€16,812 | +56.6% |
| Income taxes | 67/77 | €7,813 | €11,242 | +€3,429 | +43.9% |
| Profit (loss) for the period | 9904 | €21,873 | €35,256 | +€13,383 | +61.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,873 | €35,256 | +€13,383 | +61.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.