SWIFTGO: 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.
SWIFTGO
Largest movements
- Receivables within one year +€20,704
up €20,704 (+1722.5%), from €1,202 to €21,906
of which Trade receivables: +€16,458
- Tangible fixed assets -€3,724
down €3,724 (-44.9%), from €8,292 to €4,569
of which Furniture and vehicles: -€3,544
- Cash -€3,085
down €3,085 (-17.3%), from €17,799 to €14,714
mainly Other debts (-€28,814) and Receivables within one year (-€20,704)
- Deferred charges and accrued income -€1,299
no longer reported in 2025 (was €1,299)
- Other debts -€28,814
no longer reported in 2025 (was €28,814)
- Trade debts +€17,325
up €17,325 (+1410.9%), from €1,228 to €18,553
- Profit (loss) carried forward +€11,555
up €11,555, from -€2,079 to €9,476
- Contributions +€10,000
up €10,000, from €0 to €10,000
- Tax, wage and social debts +€2,531
up €2,531 (+401.6%), from €630 to €3,161
- Purchases and services -€15,250
down €15,250 (-19.8%), from €77,056 to €61,806
- Turnover -€9,271
down €9,271 (-10.3%), from €90,135 to €80,864
- Gross operating margin +€7,443
up €7,443 (+56.9%), from €13,079 to €20,522
- Depreciation -€6,799
down €6,799 (-57.9%), from €11,745 to €4,946
- Taxes +€2,851
up €2,851 (+1838.0%), from €155 to €3,006
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.
Cash bridge derived
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 | €28,593 | €41,190 | +€12,597 | +44.1% |
| Fixed assets | 21/28 | €8,292 | €4,569 | -€3,724 | -44.9% |
| Tangible fixed assets | 22/27 | €8,292 | €4,569 | -€3,724 | -44.9% |
| Plant, machinery and equipment | 23 | €1,800 | €1,620 | -€180 | -10.0% |
| Furniture and vehicles | 24 | €6,492 | €2,949 | -€3,544 | -54.6% |
| Current assets | 29/58 | €20,301 | €36,621 | +€16,320 | +80.4% |
| Amounts receivable within one year | 40/41 | €1,202 | €21,906 | +€20,704 | +1722.5% |
| Trade receivables | 40 | €0 | €16,458 | +€16,458 | |
| Other amounts receivable | 41 | €1,202 | €5,448 | +€4,246 | +353.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €17,799 | €14,714 | -€3,085 | -17.3% |
| Deferred charges and accrued income | 490/1 | €1,299 | - | -€1,299 | |
| Total equity and liabilities | 10/49 | €28,593 | €41,190 | +€12,597 | +44.1% |
| Equity | 10/15 | -€2,079 | €19,476 | +€21,555 | |
| Contributions | 10/11 | €0 | €10,000 | +€10,000 | |
| Capital | 10 | €0 | - | = | |
| Issued capital | 100 | €10,000 | - | -€10,000 | |
| Uncalled capital | 101 | €10,000 | - | -€10,000 | |
| Reserves | 13 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€2,079 | €9,476 | +€11,555 | |
| Amounts payable | 17/49 | €30,672 | €21,714 | -€8,959 | -29.2% |
| Amounts payable within one year | 42/48 | €30,672 | €21,714 | -€8,959 | -29.2% |
| Trade debts | 44 | €1,228 | €18,553 | +€17,325 | +1410.9% |
| Suppliers | 440/4 | €1,228 | €18,553 | +€17,325 | +1410.9% |
| Taxes, remuneration and social security | 45 | €630 | €3,161 | +€2,531 | +401.6% |
| Taxes | 450/3 | €630 | €3,161 | +€2,531 | +401.6% |
| Other amounts payable | 47/48 | €28,814 | - | -€28,814 | |
| Turnover | 70 | €90,135 | €80,864 | -€9,271 | -10.3% |
| Non-recurring operating income | 76A | - | €1,464 | +€1,464 | |
| Goods, raw materials, services and sundry goods | 60/61 | €77,056 | €61,806 | -€15,250 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,745 | €4,946 | -€6,799 | -57.9% |
| Other operating charges | 640/8 | €360 | €1,113 | +€753 | +209.2% |
| Gross operating margin | 9900 | €13,079 | €20,522 | +€7,443 | +56.9% |
| Operating profit (loss) | 9901 | €974 | €14,463 | +€13,489 | +1385.1% |
| Financial income | 75/76B | - | €234 | +€234 | |
| Recurring financial income | 75 | - | €234 | +€234 | |
| Financial charges | 65/66B | €202 | €136 | -€66 | -32.6% |
| Recurring financial charges | 65 | €202 | €136 | -€66 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €772 | €14,561 | +€13,789 | +1785.6% |
| Income taxes | 67/77 | €155 | €3,006 | +€2,851 | +1838.0% |
| Profit (loss) for the period | 9904 | €617 | €11,555 | +€10,938 | +1772.4% |
| Profit (loss) for the period to be appropriated | 9905 | €617 | €11,555 | +€10,938 | +1772.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.