Swit Management: 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.
Swit Management
Largest movements
- Tangible fixed assets -€88,000
down €88,000 (-4.4%), from €2.0m to €1.9m
of which Land and buildings: -€66,417
- Cash -€65,629
down €65,629 (-97.4%), from €67,370 to €1,742
mainly Other debts (-€78,199) and Receivables within one year (-€31,641)
- Receivables within one year +€31,641
up €31,641 (+50.2%), from €63,011 to €94,652
of which Other amounts receivable: +€47,501
- Other debts -€78,199
down €78,199 (-7.3%), from €1.1m to €987,559
- Trade debts -€27,218
down €27,218 (-21.0%), from €129,715 to €102,498
- Gross operating margin -€60,227
down €60,227 (-32.6%), from €184,939 to €124,712
- Financial charges -€12,756
down €12,756 (-52.6%), from €24,240 to €11,484
of which Non-recurring financial charges: -€12,757
- Taxes -€12,500
no longer reported in 2025 (was €12,500)
- Depreciation +€6,416
up €6,416 (+6.3%), from €101,500 to €107,916
- Other operating charges -€4,168
down €4,168 (-30.1%), from €13,839 to €9,671
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 | €2,136,640 | €2,019,560 | -€117,080 | -5.5% |
| Fixed assets | 21/28 | €2,004,913 | €1,916,913 | -€88,000 | -4.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €2,004,913 | €1,916,913 | -€88,000 | -4.4% |
| Land and buildings | 22 | €1,832,852 | €1,766,435 | -€66,417 | -3.6% |
| Plant, machinery and equipment | 23 | €97,839 | €80,654 | -€17,185 | -17.6% |
| Furniture and vehicles | 24 | €74,222 | €55,172 | -€19,050 | -25.7% |
| Other tangible fixed assets | 26 | - | €14,652 | +€14,652 | |
| Current assets | 29/58 | €131,727 | €102,647 | -€29,080 | -22.1% |
| Amounts receivable within one year | 40/41 | €63,011 | €94,652 | +€31,641 | +50.2% |
| Trade receivables | 40 | €21,637 | €5,778 | -€15,859 | -73.3% |
| Other amounts receivable | 41 | €41,374 | €88,874 | +€47,501 | +114.8% |
| Cash at bank and in hand | 54/58 | €67,370 | €1,742 | -€65,629 | -97.4% |
| Deferred charges and accrued income | 490/1 | €1,345 | €6,253 | +€4,908 | +364.9% |
| Total equity and liabilities | 10/49 | €2,136,640 | €2,019,560 | -€117,080 | -5.5% |
| Equity | 10/15 | €188,668 | €184,308 | -€4,359 | -2.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,168 | €156,808 | -€4,359 | -2.7% |
| Amounts payable | 17/49 | €1,947,972 | €1,835,252 | -€112,721 | -5.8% |
| Amounts payable after more than one year | 17 | €735,400 | €735,400 | = | 0.0% |
| Financial debts | 170/4 | €3,400 | €3,400 | = | 0.0% |
| Other amounts payable | 178/9 | €732,000 | €732,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,212,572 | €1,099,852 | -€112,721 | -9.3% |
| Trade debts | 44 | €129,715 | €102,498 | -€27,218 | -21.0% |
| Suppliers | 440/4 | €129,715 | €102,498 | -€27,218 | -21.0% |
| Taxes, remuneration and social security | 45 | €17,099 | €9,795 | -€7,304 | -42.7% |
| Taxes | 450/3 | €17,099 | €9,795 | -€7,304 | -42.7% |
| Other amounts payable | 47/48 | €1,065,758 | €987,559 | -€78,199 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,500 | €107,916 | +€6,416 | +6.3% |
| Other operating charges | 640/8 | €13,839 | €9,671 | -€4,168 | -30.1% |
| Gross operating margin | 9900 | €184,939 | €124,712 | -€60,227 | -32.6% |
| Operating profit (loss) | 9901 | €69,600 | €7,125 | -€62,475 | -89.8% |
| Financial income | 75/76B | €53 | €0 | -€53 | -99.9% |
| Recurring financial income | 75 | €53 | €0 | -€53 | -99.9% |
| Financial charges | 65/66B | €24,240 | €11,484 | -€12,756 | -52.6% |
| Recurring financial charges | 65 | €11,483 | €11,484 | +€1 | 0.0% |
| Non-recurring financial charges | 66B | €12,757 | - | -€12,757 | |
| Profit (loss) for the period before taxes | 9903 | €45,412 | -€4,359 | -€49,772 | |
| Income taxes | 67/77 | €12,500 | - | -€12,500 | |
| Profit (loss) for the period | 9904 | €32,912 | -€4,359 | -€37,272 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,912 | -€4,359 | -€37,272 |
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 11 October 2026 via checked.be.