SWITCH IN: 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 IN
Largest movements
- Financial fixed assets -€112,752
no longer reported in 2025 (was €112,752)
- Receivables after one year -€6,000
no longer reported in 2025 (was €6,000)
- Cash -€1,652
down €1,652 (-64.5%), from €2,560 to €908
mainly Net result for the year (-€98,191) and Tax, wage and social debts (-€21,290)
- Profit (loss) carried forward -€98,191
down €98,191, from €77,856 to -€20,335
- Tax, wage and social debts -€21,290
no longer reported in 2025 (was €21,290)
- Gross operating margin +€19,667
up €19,667, from -€2,201 to €17,465
- Taxes +€4,600
new in 2025: €4,600
- Financial income -€2,040
no longer reported in 2025 (was €2,040)
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 | €122,711 | €1,159 | -€121,552 | -99.1% |
| Fixed assets | 21/28 | €112,752 | - | -€112,752 | |
| Financial fixed assets | 28 | €112,752 | - | -€112,752 | |
| Current assets | 29/58 | €9,959 | €1,159 | -€8,800 | -88.4% |
| Amounts receivable after more than one year | 29 | €6,000 | - | -€6,000 | |
| Trade receivables | 290 | €6,000 | - | -€6,000 | |
| Amounts receivable within one year | 40/41 | €1,399 | €252 | -€1,147 | -82.0% |
| Other amounts receivable | 41 | €1,399 | €252 | -€1,147 | -82.0% |
| Cash at bank and in hand | 54/58 | €2,560 | €908 | -€1,652 | -64.5% |
| Total equity and liabilities | 10/49 | €122,711 | €1,159 | -€121,552 | -99.1% |
| Equity | 10/15 | €98,316 | €125 | -€98,191 | -99.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,856 | -€20,335 | -€98,191 | |
| Amounts payable | 17/49 | €24,395 | €1,034 | -€23,360 | -95.8% |
| Amounts payable within one year | 42/48 | €24,395 | €1,034 | -€23,360 | -95.8% |
| Trade debts | 44 | €2,105 | €1,034 | -€1,071 | -50.9% |
| Suppliers | 440/4 | €2,105 | €1,034 | -€1,071 | -50.9% |
| Taxes, remuneration and social security | 45 | €21,290 | - | -€21,290 | |
| Taxes | 450/3 | €21,290 | - | -€21,290 | |
| Other amounts payable | 47/48 | €1,000 | - | -€1,000 | |
| Other operating charges | 640/8 | €184 | €66 | -€118 | -64.3% |
| Non-recurring operating charges | 66A | - | €110,752 | +€110,752 | |
| Gross operating margin | 9900 | -€2,201 | €17,465 | +€19,667 | |
| Operating profit (loss) | 9901 | -€2,385 | -€93,353 | -€90,967 | -3813.9% |
| Financial income | 75/76B | €2,040 | - | -€2,040 | |
| Recurring financial income | 75 | €2,040 | - | -€2,040 | |
| Financial charges | 65/66B | €74 | €239 | +€165 | +224.6% |
| Recurring financial charges | 65 | €74 | €239 | +€165 | +224.6% |
| Profit (loss) for the period before taxes | 9903 | -€419 | -€93,591 | -€93,173 | -22254.9% |
| Income taxes | 67/77 | - | €4,600 | +€4,600 | |
| Profit (loss) for the period | 9904 | -€419 | -€98,191 | -€97,773 | -23353.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€419 | -€98,191 | -€97,773 | -23353.7% |
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 12 October 2026 via checked.be.