Switch-IT: 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-IT
Largest movements
- Tangible fixed assets -€8,931
down €8,931 (-28.0%), from €31,943 to €23,012
of which Furniture and vehicles: -€6,653
- Cash -€6,343
down €6,343 (-96.7%), from €6,560 to €218
mainly Debts after one year (-€13,187) and Net result for the year (-€4,527)
- Receivables within one year +€2,731
up €2,731 (+17.7%), from €15,416 to €18,147
of which Trade receivables: +€3,412
- Debts after one year -€13,187
down €13,187 (-34.6%), from €38,164 to €24,976
- Trade debts +€6,830
up €6,830 (+1852.7%), from €369 to €7,199
- Profit (loss) carried forward -€4,527
down €4,527 (-397.6%), from -€1,139 to -€5,665
- Current portion of long-term debt -€2,551
down €2,551 (-17.3%), from €14,764 to €12,213
- Other debts +€1,457
up €1,457 (+121.3%), from €1,201 to €2,658
- Gross operating margin -€11,077
down €11,077 (-47.4%), from €23,372 to €12,295
- Taxes +€1,554
up €1,554 (+107.4%), from €1,446 to €3,000
- Other operating charges -€1,038
down €1,038 (-33.5%), from €3,101 to €2,062
- Depreciation -€643
down €643 (-5.6%), from €11,383 to €10,740
- Financial charges -€468
down €468 (-20.5%), from €2,276 to €1,808
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 | €55,324 | €42,520 | -€12,804 | -23.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €32,519 | €23,217 | -€9,303 | -28.6% |
| Intangible fixed assets | 21 | €576 | €204 | -€371 | -64.5% |
| Tangible fixed assets | 22/27 | €31,943 | €23,012 | -€8,931 | -28.0% |
| Plant, machinery and equipment | 23 | €5,482 | €2,737 | -€2,745 | -50.1% |
| Furniture and vehicles | 24 | €25,563 | €18,910 | -€6,653 | -26.0% |
| Other tangible fixed assets | 26 | €899 | €1,365 | +€467 | +51.9% |
| Current assets | 29/58 | €22,804 | €19,303 | -€3,501 | -15.4% |
| Stocks and contracts in progress | 3 | €500 | €750 | +€250 | +50.0% |
| Stocks | 30/36 | €500 | €750 | +€250 | +50.0% |
| Amounts receivable within one year | 40/41 | €15,416 | €18,147 | +€2,731 | +17.7% |
| Trade receivables | 40 | €13,152 | €16,565 | +€3,412 | +25.9% |
| Other amounts receivable | 41 | €2,264 | €1,582 | -€681 | -30.1% |
| Cash at bank and in hand | 54/58 | €6,560 | €218 | -€6,343 | -96.7% |
| Deferred charges and accrued income | 490/1 | €328 | €189 | -€139 | -42.5% |
| Total equity and liabilities | 10/49 | €55,324 | €42,520 | -€12,804 | -23.1% |
| Equity | 10/15 | -€139 | -€4,665 | -€4,527 | -3267.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,139 | -€5,665 | -€4,527 | -397.6% |
| Amounts payable | 17/49 | €55,462 | €47,185 | -€8,277 | -14.9% |
| Amounts payable after more than one year | 17 | €38,164 | €24,976 | -€13,187 | -34.6% |
| Financial debts | 170/4 | €38,164 | €24,976 | -€13,187 | -34.6% |
| Amounts payable within one year | 42/48 | €17,298 | €22,111 | +€4,812 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €14,764 | €12,213 | -€2,551 | -17.3% |
| Financial debts | 43 | €20 | €41 | +€21 | +109.4% |
| Credit institutions | 430/8 | €20 | €41 | +€21 | +109.4% |
| Trade debts | 44 | €369 | €7,199 | +€6,830 | +1852.7% |
| Suppliers | 440/4 | €369 | €7,199 | +€6,830 | +1852.7% |
| Taxes, remuneration and social security | 45 | €945 | €0 | -€945 | -100.0% |
| Taxes | 450/3 | €945 | €0 | -€945 | -100.0% |
| Other amounts payable | 47/48 | €1,201 | €2,658 | +€1,457 | +121.3% |
| Accrued charges and deferred income | 492/3 | - | €98 | +€98 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,383 | €10,740 | -€643 | -5.6% |
| Other operating charges | 640/8 | €3,101 | €2,062 | -€1,038 | -33.5% |
| Gross operating margin | 9900 | €23,372 | €12,295 | -€11,077 | -47.4% |
| Operating profit (loss) | 9901 | €8,888 | -€508 | -€9,396 | |
| Financial income | 75/76B | €540 | €790 | +€250 | +46.3% |
| Recurring financial income | 75 | €540 | €790 | +€250 | +46.3% |
| Financial charges | 65/66B | €2,276 | €1,808 | -€468 | -20.5% |
| Recurring financial charges | 65 | €2,276 | €1,808 | -€468 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €7,152 | -€1,527 | -€8,679 | |
| Income taxes | 67/77 | €1,446 | €3,000 | +€1,554 | +107.4% |
| Profit (loss) for the period | 9904 | €5,706 | -€4,527 | -€10,233 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,706 | -€4,527 | -€10,233 |
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 28 September 2026 via checked.be.