Switch Advisory: 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.
Switch Advisory
Largest movements
- Cash +€107,706
up €107,706 (+174.1%), from €61,863 to €169,568
mainly Net result for the year (+€79,626) and Receivables within one year (+€15,075)
- Receivables within one year -€15,075
down €15,075 (-100.0%), from €15,079 to €4
of which Trade receivables: -€14,919
- Tangible fixed assets -€6,900
down €6,900 (-24.1%), from €28,608 to €21,708
- Profit (loss) carried forward +€79,626
up €79,626 (+104.3%), from €76,323 to €155,950
- Tax, wage and social debts +€4,634
up €4,634 (+18.5%), from €25,017 to €29,651
- Gross operating margin +€25,520
up €25,520 (+30.4%), from €84,004 to €109,524
- Taxes +€5,360
up €5,360 (+32.6%), from €16,426 to €21,786
- Depreciation +€1,137
up €1,137 (+18.5%), from €6,134 to €7,271
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.
Cash bridge derived
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 | €107,005 | €192,584 | +€85,579 | +80.0% |
| Fixed assets | 21/28 | €28,608 | €21,708 | -€6,900 | -24.1% |
| Tangible fixed assets | 22/27 | €28,608 | €21,708 | -€6,900 | -24.1% |
| Furniture and vehicles | 24 | €28,608 | €21,708 | -€6,900 | -24.1% |
| Current assets | 29/58 | €78,397 | €170,876 | +€92,479 | +118.0% |
| Amounts receivable within one year | 40/41 | €15,079 | €4 | -€15,075 | -100.0% |
| Trade receivables | 40 | €14,919 | €0 | -€14,919 | -100.0% |
| Other amounts receivable | 41 | €160 | €4 | -€155 | -97.2% |
| Cash at bank and in hand | 54/58 | €61,863 | €169,568 | +€107,706 | +174.1% |
| Deferred charges and accrued income | 490/1 | €1,456 | €1,304 | -€152 | -10.4% |
| Total equity and liabilities | 10/49 | €107,005 | €192,584 | +€85,579 | +80.0% |
| Equity | 10/15 | €79,323 | €158,950 | +€79,626 | +100.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,323 | €155,950 | +€79,626 | +104.3% |
| Amounts payable | 17/49 | €27,682 | €33,634 | +€5,953 | +21.5% |
| Amounts payable within one year | 42/48 | €27,682 | €33,634 | +€5,953 | +21.5% |
| Trade debts | 44 | €2,665 | €3,700 | +€1,035 | +38.8% |
| Suppliers | 440/4 | €2,665 | €3,700 | +€1,035 | +38.8% |
| Taxes, remuneration and social security | 45 | €25,017 | €29,651 | +€4,634 | +18.5% |
| Taxes | 450/3 | €25,017 | €29,651 | +€4,634 | +18.5% |
| Other amounts payable | 47/48 | €0 | €284 | +€284 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,134 | €7,271 | +€1,137 | +18.5% |
| Other operating charges | 640/8 | €1,039 | €666 | -€373 | -35.9% |
| Gross operating margin | 9900 | €84,004 | €109,524 | +€25,520 | +30.4% |
| Operating profit (loss) | 9901 | €76,830 | €101,587 | +€24,757 | +32.2% |
| Financial charges | 65/66B | €76 | €175 | +€99 | +129.7% |
| Recurring financial charges | 65 | €76 | €175 | +€99 | +129.7% |
| Profit (loss) for the period before taxes | 9903 | €76,754 | €101,412 | +€24,658 | +32.1% |
| Income taxes | 67/77 | €16,426 | €21,786 | +€5,360 | +32.6% |
| Profit (loss) for the period | 9904 | €60,328 | €79,626 | +€19,298 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,328 | €79,626 | +€19,298 | +32.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.