SWITCH INVEST: 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 INVEST
Largest movements
- Cash +€2,062
up €2,062 (+60.4%), from €3,412 to €5,474
mainly Trade debts (+€19,532) and Other debts (+€6,693)
- Receivables within one year -€936
down €936 (-24.1%), from €3,883 to €2,947
of which Other amounts receivable: -€1,798
- Profit (loss) carried forward -€25,162
down €25,162 (-7.3%), from -€344,130 to -€369,292
- Trade debts +€19,532
up €19,532 (+274%), from €7,126 to €26,658
- Other debts +€6,693
up €6,693 (+2.1%), from €325,813 to €332,506
- Gross operating margin -€26,720
down €26,720, from €2,195 to -€24,525
- Depreciation -€1,955
down €1,955 (-96.8%), from €2,018 to €64
- Other operating charges -€609
down €609 (-53.5%), from €1,137 to €528
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 | €7,359 | €8,421 | +€1,063 | +14.4% |
| Fixed assets | 21/28 | €64 | - | -€64 | |
| Tangible fixed assets | 22/27 | €64 | - | -€64 | |
| Furniture and vehicles | 24 | €64 | - | -€64 | |
| Current assets | 29/58 | €7,295 | €8,421 | +€1,126 | +15.4% |
| Amounts receivable within one year | 40/41 | €3,883 | €2,947 | -€936 | -24.1% |
| Trade receivables | 40 | €1,759 | €2,621 | +€862 | +49.0% |
| Other amounts receivable | 41 | €2,124 | €327 | -€1,798 | -84.6% |
| Cash at bank and in hand | 54/58 | €3,412 | €5,474 | +€2,062 | +60.4% |
| Total equity and liabilities | 10/49 | €7,359 | €8,421 | +€1,063 | +14.4% |
| Equity | 10/15 | -€325,580 | -€350,742 | -€25,162 | -7.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€344,130 | -€369,292 | -€25,162 | -7.3% |
| Amounts payable | 17/49 | €332,939 | €359,164 | +€26,225 | +7.9% |
| Amounts payable within one year | 42/48 | €332,939 | €359,164 | +€26,225 | +7.9% |
| Trade debts | 44 | €7,126 | €26,658 | +€19,532 | +274% |
| Suppliers | 440/4 | €7,126 | €26,658 | +€19,532 | +274% |
| Other amounts payable | 47/48 | €325,813 | €332,506 | +€6,693 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,018 | €64 | -€1,955 | -96.8% |
| Other operating charges | 640/8 | €1,137 | €528 | -€609 | -53.5% |
| Gross operating margin | 9900 | €2,195 | -€24,525 | -€26,720 | |
| Operating profit (loss) | 9901 | -€960 | -€25,117 | -€24,157 | -2,516% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,005 | -€25,162 | -€24,157 | -2,403% |
| Profit (loss) for the period | 9904 | -€1,005 | -€25,162 | -€24,157 | -2,403% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,005 | -€25,162 | -€24,157 | -2,403% |
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 22 October 2026 via checked.be.