SWITCH LIGHTING STORE: 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 LIGHTING STORE
Largest movements
- Receivables within one year -€225,165
down €225,165 (-51.8%), from €434,958 to €209,793
of which Trade receivables: -€216,956
- Cash -€33,292
down €33,292 (-60.9%), from €54,626 to €21,335
mainly Net result for the year (-€193,524) and Trade debts (-€55,620)
- Stocks and contracts +€9,464
up €9,464 (+9.7%), from €97,866 to €107,330
- Tangible fixed assets -€7,203
down €7,203 (-10.8%), from €66,814 to €59,611
of which Other tangible fixed assets: -€7,941
- Profit (loss) carried forward -€193,524
down €193,524, from €39,511 to -€154,013
- Trade debts -€55,620
down €55,620 (-28.6%), from €194,200 to €138,579
- Tax, wage and social debts -€22,097
down €22,097 (-38.2%), from €57,791 to €35,694
of which Remuneration and social security: -€16,355
- Debts after one year +€16,347
up €16,347 (+5.6%), from €292,817 to €309,164
- Gross operating margin -€79,231
down €79,231 (-45.3%), from €174,734 to €95,503
- Staff costs -€15,703
down €15,703 (-6.0%), from €263,850 to €248,147
- Financial charges +€14,466
up €14,466 (+94.0%), from €15,381 to €29,846
- Depreciation -€6,861
down €6,861 (-44.3%), from €15,475 to €8,614
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 | €660,155 | €403,300 | -€256,854 | -38.9% |
| Fixed assets | 21/28 | €66,814 | €59,611 | -€7,203 | -10.8% |
| Tangible fixed assets | 22/27 | €66,814 | €59,611 | -€7,203 | -10.8% |
| Plant, machinery and equipment | 23 | €1,656 | €1,456 | -€200 | -12.1% |
| Furniture and vehicles | 24 | €406 | €1,343 | +€938 | +231.3% |
| Other tangible fixed assets | 26 | €64,752 | €56,811 | -€7,941 | -12.3% |
| Current assets | 29/58 | €593,341 | €343,689 | -€249,651 | -42.1% |
| Stocks and contracts in progress | 3 | €97,866 | €107,330 | +€9,464 | +9.7% |
| Stocks | 30/36 | €97,866 | €107,330 | +€9,464 | +9.7% |
| Amounts receivable within one year | 40/41 | €434,958 | €209,793 | -€225,165 | -51.8% |
| Trade receivables | 40 | €426,749 | €209,793 | -€216,956 | -50.8% |
| Other amounts receivable | 41 | €8,209 | - | -€8,209 | |
| Cash at bank and in hand | 54/58 | €54,626 | €21,335 | -€33,292 | -60.9% |
| Deferred charges and accrued income | 490/1 | €5,891 | €5,232 | -€658 | -11.2% |
| Total equity and liabilities | 10/49 | €660,155 | €403,300 | -€256,854 | -38.9% |
| Equity | 10/15 | €107,998 | -€85,526 | -€193,524 | |
| Contributions | 10/11 | €62,237 | €62,237 | = | 0.0% |
| Capital | 10 | €62,237 | €62,237 | = | 0.0% |
| Issued capital | 100 | €62,237 | €62,237 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,511 | -€154,013 | -€193,524 | |
| Amounts payable | 17/49 | €552,157 | €488,826 | -€63,331 | -11.5% |
| Amounts payable after more than one year | 17 | €292,817 | €309,164 | +€16,347 | +5.6% |
| Other amounts payable | 178/9 | €292,817 | €309,164 | +€16,347 | +5.6% |
| Amounts payable within one year | 42/48 | €258,894 | €178,629 | -€80,265 | -31.0% |
| Trade debts | 44 | €194,200 | €138,579 | -€55,620 | -28.6% |
| Suppliers | 440/4 | €194,200 | €138,579 | -€55,620 | -28.6% |
| Advances received on contracts in progress | 46 | €5,035 | €2,427 | -€2,608 | -51.8% |
| Taxes, remuneration and social security | 45 | €57,791 | €35,694 | -€22,097 | -38.2% |
| Taxes | 450/3 | €18,415 | €12,673 | -€5,742 | -31.2% |
| Remuneration and social security | 454/9 | €39,376 | €23,021 | -€16,355 | -41.5% |
| Other amounts payable | 47/48 | €1,869 | €1,929 | +€60 | +3.2% |
| Accrued charges and deferred income | 492/3 | €446 | €1,033 | +€587 | +131.6% |
| Remuneration, social security and pensions | 62 | €263,850 | €248,147 | -€15,703 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,475 | €8,614 | -€6,861 | -44.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€288 | - | +€288 | |
| Other operating charges | 640/8 | €2,103 | €2,690 | +€587 | +27.9% |
| Gross operating margin | 9900 | €174,734 | €95,503 | -€79,231 | -45.3% |
| Operating profit (loss) | 9901 | -€106,406 | -€163,948 | -€57,542 | -54.1% |
| Financial income | 75/76B | €257 | €1,021 | +€764 | +296.6% |
| Recurring financial income | 75 | €257 | €1,021 | +€764 | +296.6% |
| Financial charges | 65/66B | €15,381 | €29,846 | +€14,466 | +94.0% |
| Recurring financial charges | 65 | €15,381 | €29,846 | +€14,466 | +94.0% |
| Profit (loss) for the period before taxes | 9903 | -€121,529 | -€192,774 | -€71,244 | -58.6% |
| Income taxes | 67/77 | €616 | €750 | +€134 | +21.7% |
| Profit (loss) for the period | 9904 | -€122,145 | -€193,524 | -€71,378 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€122,145 | -€193,524 | -€71,378 | -58.4% |
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 9 October 2026 via checked.be.