SWITCH: 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.
SWITCH
Largest movements
- Cash -€5,464
down €5,464 (-20.3%), from €26,941 to €21,476
mainly Net result for the year (-€7,112) and Receivables within one year (-€1,697)
- Tangible fixed assets -€2,739
down €2,739 (-30.0%), from €9,143 to €6,404
of which Plant, machinery and equipment: -€2,656
- Receivables within one year +€1,697
up €1,697 (+5.3%), from €31,964 to €33,661
of which Other amounts receivable: +€1,697
- Reserves -€7,112
down €7,112 (-11.7%), from €60,638 to €53,526
- Depreciation -€406
down €406 (-12.9%), from €3,145 to €2,739
- Gross operating margin -€137
down €137 (-2.6%), from -€5,255 to -€5,392
- Financial income -€98
down €98 (-5.9%), from €1,662 to €1,564
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 | €68,048 | €61,596 | -€6,452 | -9.5% |
| Fixed assets | 21/28 | €9,143 | €6,404 | -€2,739 | -30.0% |
| Tangible fixed assets | 22/27 | €9,143 | €6,404 | -€2,739 | -30.0% |
| Plant, machinery and equipment | 23 | €9,060 | €6,404 | -€2,656 | -29.3% |
| Furniture and vehicles | 24 | €83 | - | -€83 | |
| Current assets | 29/58 | €58,905 | €55,192 | -€3,712 | -6.3% |
| Amounts receivable within one year | 40/41 | €31,964 | €33,661 | +€1,697 | +5.3% |
| Trade receivables | 40 | €1,187 | €1,187 | = | 0.0% |
| Other amounts receivable | 41 | €30,777 | €32,475 | +€1,697 | +5.5% |
| Cash at bank and in hand | 54/58 | €26,941 | €21,476 | -€5,464 | -20.3% |
| Deferred charges and accrued income | 490/1 | - | €55 | +€55 | |
| Total equity and liabilities | 10/49 | €68,048 | €61,596 | -€6,452 | -9.5% |
| Equity | 10/15 | €67,038 | €59,926 | -€7,112 | -10.6% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €60,638 | €53,526 | -€7,112 | -11.7% |
| Distributable reserves | 133 | €60,638 | €53,526 | -€7,112 | -11.7% |
| Amounts payable | 17/49 | €1,010 | €1,670 | +€660 | +65.4% |
| Amounts payable within one year | 42/48 | €1,010 | €1,670 | +€660 | +65.4% |
| Trade debts | 44 | €854 | €1,514 | +€660 | +77.3% |
| Suppliers | 440/4 | €854 | €1,514 | +€660 | +77.3% |
| Taxes, remuneration and social security | 45 | €156 | €156 | = | 0.0% |
| Taxes | 450/3 | €156 | €156 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,145 | €2,739 | -€406 | -12.9% |
| Other operating charges | 640/8 | €387 | €418 | +€31 | +7.9% |
| Gross operating margin | 9900 | -€5,255 | -€5,392 | -€137 | -2.6% |
| Operating profit (loss) | 9901 | -€8,788 | -€8,549 | +€238 | +2.7% |
| Financial income | 75/76B | €1,662 | €1,564 | -€98 | -5.9% |
| Recurring financial income | 75 | €1,662 | €1,564 | -€98 | -5.9% |
| Financial charges | 65/66B | €124 | €126 | +€2 | +1.6% |
| Recurring financial charges | 65 | €124 | €126 | +€2 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,250 | -€7,112 | +€139 | +1.9% |
| Profit (loss) for the period | 9904 | -€7,250 | -€7,112 | +€139 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,250 | -€7,112 | +€139 | +1.9% |
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 29 October 2026 via checked.be.