SWISS-ELECTRO: 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.
SWISS-ELECTRO
Largest movements
- Cash -€16,171
down €16,171 (-57.0%), from €28,381 to €12,210
- Stocks and contracts -€12,474
down €12,474 (-77.0%), from €16,198 to €3,723
- Tangible fixed assets +€6,748
up €6,748 (+71.9%), from €9,390 to €16,138
- Receivables within one year +€5,635
up €5,635 (+88.2%), from €6,392 to €12,027
- Profit (loss) carried forward -€23,719
new in 2025: -€23,719
- Tax, wage and social debts -€20,145
down €20,145 (-61.1%), from €32,950 to €12,805
of which Taxes: -€19,688
- Trade debts +€16,800
new in 2025: €16,800
- Reserves +€7,520
up €7,520 (+218%), from €3,451 to €10,972
- Other debts +€3,458
up €3,458 (+38.3%), from €9,038 to €12,496
- Gross operating margin -€15,520
down €15,520 (-39.7%), from €39,058 to €23,539
- Staff costs -€8,562
down €8,562 (-67.9%), from €12,610 to €4,048
- Other operating charges +€4,595
up €4,595 (+421%), from €1,091 to €5,686
- Taxes -€2,938
no longer reported in 2025 (was €2,938)
- Depreciation +€2,628
up €2,628 (+80.5%), from €3,265 to €5,894
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €60,439 | €44,354 | -€16,085 | -26.6% |
| Fixed assets | 21/28 | €9,468 | €16,216 | +€6,748 | +71.3% |
| Tangible fixed assets | 22/27 | €9,390 | €16,138 | +€6,748 | +71.9% |
| Furniture and vehicles | 24 | €9,390 | €16,138 | +€6,748 | +71.9% |
| Financial fixed assets | 28 | €78 | €78 | = | 0.0% |
| Current assets | 29/58 | €50,971 | €28,137 | -€22,833 | -44.8% |
| Stocks and contracts in progress | 3 | €16,198 | €3,723 | -€12,474 | -77.0% |
| Stocks | 30/36 | €16,198 | €3,723 | -€12,474 | -77.0% |
| Amounts receivable within one year | 40/41 | €6,392 | €12,027 | +€5,635 | +88.2% |
| Trade receivables | 40 | €6,392 | €12,027 | +€5,635 | +88.2% |
| Cash at bank and in hand | 54/58 | €28,381 | €12,210 | -€16,171 | -57.0% |
| Deferred charges and accrued income | 490/1 | - | €178 | +€178 | |
| Total equity and liabilities | 10/49 | €60,439 | €44,354 | -€16,085 | -26.6% |
| Equity | 10/15 | €18,451 | €2,252 | -€16,199 | -87.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | €15,000 | = | 0.0% |
| Issued capital | 100 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €3,451 | €10,972 | +€7,520 | +218% |
| Distributable reserves | 133 | €3,451 | €10,972 | +€7,520 | +218% |
| Profit (loss) carried forward | 14 | - | -€23,719 | -€23,719 | |
| Amounts payable | 17/49 | €41,988 | €42,101 | +€114 | +0.3% |
| Amounts payable within one year | 42/48 | €41,988 | €42,101 | +€114 | +0.3% |
| Trade debts | 44 | - | €16,800 | +€16,800 | |
| Suppliers | 440/4 | - | €16,800 | +€16,800 | |
| Taxes, remuneration and social security | 45 | €32,950 | €12,805 | -€20,145 | -61.1% |
| Taxes | 450/3 | €30,827 | €11,140 | -€19,688 | -63.9% |
| Remuneration and social security | 454/9 | €2,123 | €1,666 | -€457 | -21.5% |
| Other amounts payable | 47/48 | €9,038 | €12,496 | +€3,458 | +38.3% |
| Remuneration, social security and pensions | 62 | €12,610 | €4,048 | -€8,562 | -67.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,265 | €5,894 | +€2,628 | +80.5% |
| Other operating charges | 640/8 | €1,091 | €5,686 | +€4,595 | +421% |
| Gross operating margin | 9900 | €39,058 | €23,539 | -€15,520 | -39.7% |
| Operating profit (loss) | 9901 | €22,092 | €7,910 | -€14,181 | -64.2% |
| Financial charges | 65/66B | €269 | €390 | +€120 | +44.7% |
| Recurring financial charges | 65 | €269 | €390 | +€120 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | €21,822 | €7,520 | -€14,302 | -65.5% |
| Income taxes | 67/77 | €2,938 | - | -€2,938 | |
| Profit (loss) for the period | 9904 | €18,885 | €7,520 | -€11,364 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,885 | €7,520 | -€11,364 | -60.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.