Zwitina: 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.
Zwitina
Largest movements
- Receivables within one year -€13,566
down €13,566 (-80.9%), from €16,773 to €3,208
of which Trade receivables: -€13,191
- Cash -€4,032
down €4,032 (-99.2%), from €4,064 to €33
mainly Trade debts (-€9,947) and Other debts (-€5,788)
- Tangible fixed assets -€3,376
no longer reported in 2024 (was €3,376)
- Trade debts -€9,947
no longer reported in 2024 (was €9,947)
- Other debts -€5,788
down €5,788 (-16.7%), from €34,648 to €28,860
- Profit (loss) carried forward -€5,242
down €5,242 (-19.7%), from -€26,581 to -€31,823
- Other operating charges +€5,212
new in 2024: €5,212
- Depreciation +€3,376
new in 2024: €3,376
- Gross operating margin -€2,332
down €2,332 (-40.2%), from €5,802 to €3,469
- Financial charges +€93
up €93 (+311%), from €30 to €123
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.
Derived cash bridge
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 | €24,214 | €3,240 | -€20,973 | -86.6% |
| Fixed assets | 21/28 | €3,376 | - | -€3,376 | |
| Tangible fixed assets | 22/27 | €3,376 | - | -€3,376 | |
| Furniture and vehicles | 24 | €3,376 | - | -€3,376 | |
| Current assets | 29/58 | €20,838 | €3,240 | -€17,597 | -84.4% |
| Amounts receivable within one year | 40/41 | €16,773 | €3,208 | -€13,566 | -80.9% |
| Trade receivables | 40 | €16,399 | €3,208 | -€13,191 | -80.4% |
| Other amounts receivable | 41 | €375 | - | -€375 | |
| Cash at bank and in hand | 54/58 | €4,064 | €33 | -€4,032 | -99.2% |
| Total equity and liabilities | 10/49 | €24,214 | €3,240 | -€20,973 | -86.6% |
| Equity | 10/15 | -€20,381 | -€25,623 | -€5,242 | -25.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,581 | -€31,823 | -€5,242 | -19.7% |
| Amounts payable | 17/49 | €44,595 | €28,863 | -€15,731 | -35.3% |
| Amounts payable within one year | 42/48 | €44,595 | €28,863 | -€15,731 | -35.3% |
| Trade debts | 44 | €9,947 | - | -€9,947 | |
| Suppliers | 440/4 | €9,947 | - | -€9,947 | |
| Taxes, remuneration and social security | 45 | - | €3 | +€3 | |
| Taxes | 450/3 | - | €3 | +€3 | |
| Other amounts payable | 47/48 | €34,648 | €28,860 | -€5,788 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,376 | +€3,376 | |
| Other operating charges | 640/8 | - | €5,212 | +€5,212 | |
| Gross operating margin | 9900 | €5,802 | €3,469 | -€2,332 | -40.2% |
| Operating profit (loss) | 9901 | €5,802 | -€5,119 | -€10,920 | |
| Financial charges | 65/66B | €30 | €123 | +€93 | +311% |
| Recurring financial charges | 65 | €30 | €123 | +€93 | +311% |
| Profit (loss) for the period before taxes | 9903 | €5,772 | -€5,242 | -€11,014 | |
| Profit (loss) for the period | 9904 | €5,772 | -€5,242 | -€11,014 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,772 | -€5,242 | -€11,014 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.