Switch Consult: 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 Consult
Largest movements
- Receivables within one year +€41,033
up €41,033 (+296.0%), from €13,864 to €54,897
of which Trade receivables: +€39,000
- Cash -€24,201
down €24,201 (-38.0%), from €63,739 to €39,538
mainly Contributions, distributions and other (-€59,433) and Receivables within one year (-€41,033)
- Financial fixed assets -€2,000
down €2,000 (-80.0%), from €2,500 to €500
- Tangible fixed assets -€1,122
down €1,122 (-8.6%), from €13,006 to €11,884
of which Plant, machinery and equipment: -€1,788
- Other debts +€19,016
up €19,016 (+31.5%), from €60,424 to €79,440
- Tax, wage and social debts -€2,640
down €2,640 (-24.1%), from €10,964 to €8,324
- Reserves -€1,860
down €1,860 (-100.0%), from €1,860 to €0
- Trade debts -€1,351
down €1,351 (-48.2%), from €2,805 to €1,454
- Gross operating margin +€20,486
up €20,486 (+24.8%), from €82,623 to €103,109
- Taxes +€3,456
up €3,456 (+26.9%), from €12,830 to €16,286
- Other operating charges +€2,810
up €2,810 (+15.8%), from €17,803 to €20,613
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 | €94,652 | €107,847 | +€13,195 | +13.9% |
| Fixed assets | 21/28 | €15,506 | €12,384 | -€3,122 | -20.1% |
| Tangible fixed assets | 22/27 | €13,006 | €11,884 | -€1,122 | -8.6% |
| Land and buildings | 22 | €8,420 | €7,144 | -€1,276 | -15.2% |
| Plant, machinery and equipment | 23 | €3,059 | €1,272 | -€1,788 | -58.4% |
| Furniture and vehicles | 24 | €1,526 | €3,468 | +€1,942 | +127.2% |
| Financial fixed assets | 28 | €2,500 | €500 | -€2,000 | -80.0% |
| Current assets | 29/58 | €79,146 | €95,463 | +€16,317 | +20.6% |
| Amounts receivable within one year | 40/41 | €13,864 | €54,897 | +€41,033 | +296.0% |
| Trade receivables | 40 | €12,693 | €51,693 | +€39,000 | +307.2% |
| Other amounts receivable | 41 | €1,170 | €3,204 | +€2,033 | +173.7% |
| Cash at bank and in hand | 54/58 | €63,739 | €39,538 | -€24,201 | -38.0% |
| Deferred charges and accrued income | 490/1 | €1,543 | €1,028 | -€516 | -33.4% |
| Total equity and liabilities | 10/49 | €94,652 | €107,847 | +€13,195 | +13.9% |
| Equity | 10/15 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €1,860 | €0 | -€1,860 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €74,192 | €89,247 | +€15,055 | +20.3% |
| Amounts payable within one year | 42/48 | €74,192 | €89,247 | +€15,055 | +20.3% |
| Financial debts | 43 | - | €29 | +€29 | |
| Credit institutions | 430/8 | - | €29 | +€29 | |
| Trade debts | 44 | €2,805 | €1,454 | -€1,351 | -48.2% |
| Suppliers | 440/4 | €2,805 | €1,454 | -€1,351 | -48.2% |
| Taxes, remuneration and social security | 45 | €10,964 | €8,324 | -€2,640 | -24.1% |
| Taxes | 450/3 | €10,964 | €8,324 | -€2,640 | -24.1% |
| Other amounts payable | 47/48 | €60,424 | €79,440 | +€19,016 | +31.5% |
| Non-recurring operating income | 76A | €4,339 | €0 | -€4,339 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,446 | €4,486 | +€40 | +0.9% |
| Other operating charges | 640/8 | €17,803 | €20,613 | +€2,810 | +15.8% |
| Gross operating margin | 9900 | €82,623 | €103,109 | +€20,486 | +24.8% |
| Operating profit (loss) | 9901 | €60,373 | €78,009 | +€17,635 | +29.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,254 | €4,150 | +€896 | +27.5% |
| Recurring financial charges | 65 | €3,254 | €4,150 | +€896 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €57,119 | €73,859 | +€16,739 | +29.3% |
| Income taxes | 67/77 | €12,830 | €16,286 | +€3,456 | +26.9% |
| Profit (loss) for the period | 9904 | €44,289 | €57,573 | +€13,284 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,289 | €57,573 | +€13,284 | +30.0% |
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 1 October 2026 via checked.be.