Szewczyk Global: 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.
Szewczyk Global
Largest movements
- Current investments +€40,000
up €40,000 (+160%), from €25,000 to €65,000
- Cash -€35,540
down €35,540 (-96.6%), from €36,801 to €1,261
mainly Contributions, distributions and other (-€144,000) and Current investments (-€40,000)
- Receivables within one year +€3,855
up €3,855 (+74.8%), from €5,153 to €9,008
of which Other amounts receivable: +€2,262
- Deferred charges and accrued income +€3,072
up €3,072 (+185%), from €1,661 to €4,733
- Tangible fixed assets -€1,231
down €1,231 (-3.9%), from €31,408 to €30,177
of which Land and buildings: -€849
- Reserves +€20,602
up €20,602 (+70.3%), from €29,308 to €49,911
- Other debts -€9,000
down €9,000 (-18.4%), from €49,000 to €40,000
- Trade debts -€1,346
no longer reported in 2025 (was €1,346)
- Gross operating margin +€33,716
up €33,716 (+17.6%), from €191,075 to €224,791
- Taxes +€9,180
up €9,180 (+19.7%), from €46,560 to €55,739
- Depreciation -€5,300
down €5,300 (-70.5%), from €7,522 to €2,222
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 | €100,022 | €110,178 | +€10,156 | +10.2% |
| Fixed assets | 21/28 | €31,408 | €30,177 | -€1,231 | -3.9% |
| Tangible fixed assets | 22/27 | €31,408 | €30,177 | -€1,231 | -3.9% |
| Land and buildings | 22 | €29,752 | €28,903 | -€849 | -2.9% |
| Furniture and vehicles | 24 | €1,656 | €1,274 | -€382 | -23.1% |
| Current assets | 29/58 | €68,614 | €80,001 | +€11,387 | +16.6% |
| Amounts receivable within one year | 40/41 | €5,153 | €9,008 | +€3,855 | +74.8% |
| Trade receivables | 40 | - | €1,593 | +€1,593 | |
| Other amounts receivable | 41 | €5,153 | €7,414 | +€2,262 | +43.9% |
| Current investments | 50/53 | €25,000 | €65,000 | +€40,000 | +160% |
| Cash at bank and in hand | 54/58 | €36,801 | €1,261 | -€35,540 | -96.6% |
| Deferred charges and accrued income | 490/1 | €1,661 | €4,733 | +€3,072 | +185% |
| Total equity and liabilities | 10/49 | €100,022 | €110,178 | +€10,156 | +10.2% |
| Equity | 10/15 | €33,308 | €53,911 | +€20,602 | +61.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €29,308 | €49,911 | +€20,602 | +70.3% |
| Distributable reserves | 133 | €29,308 | €49,911 | +€20,602 | +70.3% |
| Amounts payable | 17/49 | €66,714 | €56,267 | -€10,447 | -15.7% |
| Amounts payable within one year | 42/48 | €66,714 | €56,267 | -€10,447 | -15.7% |
| Financial debts | 43 | €276 | €330 | +€54 | +19.5% |
| Credit institutions | 430/8 | €276 | €330 | +€54 | +19.5% |
| Trade debts | 44 | €1,346 | - | -€1,346 | |
| Suppliers | 440/4 | €1,346 | - | -€1,346 | |
| Taxes, remuneration and social security | 45 | €16,092 | €15,938 | -€154 | -1.0% |
| Taxes | 450/3 | €16,092 | €15,938 | -€154 | -1.0% |
| Other amounts payable | 47/48 | €49,000 | €40,000 | -€9,000 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,522 | €2,222 | -€5,300 | -70.5% |
| Other operating charges | 640/8 | €778 | €801 | +€23 | +2.9% |
| Gross operating margin | 9900 | €191,075 | €224,791 | +€33,716 | +17.6% |
| Operating profit (loss) | 9901 | €182,775 | €221,768 | +€38,993 | +21.3% |
| Financial income | 75/76B | €230 | €235 | +€5 | +2.0% |
| Recurring financial income | 75 | €230 | €235 | +€5 | +2.0% |
| Financial charges | 65/66B | €2,306 | €1,661 | -€644 | -28.0% |
| Recurring financial charges | 65 | €2,306 | €1,661 | -€644 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €180,699 | €220,342 | +€39,642 | +21.9% |
| Income taxes | 67/77 | €46,560 | €55,739 | +€9,180 | +19.7% |
| Profit (loss) for the period | 9904 | €134,140 | €164,602 | +€30,463 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €134,140 | €164,602 | +€30,463 | +22.7% |
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 18 October 2026 via checked.be.