SWITCH MEDIA: 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 MEDIA
Largest movements
- Receivables within one year -€32,500
down €32,500 (-75.0%), from €43,348 to €10,848
of which Trade receivables: -€32,500
- Cash -€1,887
down €1,887 (-56.1%), from €3,361 to €1,474
mainly Other debts (-€40,500) and Net result for the year (-€692)
- Other debts -€40,500
down €40,500 (-83.8%), from €48,319 to €7,819
- Tax, wage and social debts +€6,805
up €6,805 (+34110.5%), from €20 to €6,825
- Profit (loss) carried forward -€692
down €692 (-3.5%), from -€20,038 to -€20,731
- Gross operating margin -€32,975
down €32,975, from €32,762 to -€214
- Turnover -€32,500
no longer reported in 2025 (was €32,500)
- Other operating charges -€1,423
down €1,423 (-78.6%), from €1,811 to €387
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 | €46,901 | €12,513 | -€34,387 | -73.3% |
| Fixed assets | 21/28 | €191 | €191 | = | 0.0% |
| Financial fixed assets | 28 | €191 | €191 | = | 0.0% |
| Current assets | 29/58 | €46,709 | €12,322 | -€34,387 | -73.6% |
| Amounts receivable within one year | 40/41 | €43,348 | €10,848 | -€32,500 | -75.0% |
| Trade receivables | 40 | €43,308 | €10,808 | -€32,500 | -75.0% |
| Other amounts receivable | 41 | €40 | €40 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,361 | €1,474 | -€1,887 | -56.1% |
| Total equity and liabilities | 10/49 | €46,901 | €12,513 | -€34,387 | -73.3% |
| Equity | 10/15 | -€1,438 | -€2,131 | -€692 | -48.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,038 | -€20,731 | -€692 | -3.5% |
| Amounts payable | 17/49 | €48,339 | €14,644 | -€33,695 | -69.7% |
| Amounts payable within one year | 42/48 | €48,339 | €14,644 | -€33,695 | -69.7% |
| Taxes, remuneration and social security | 45 | €20 | €6,825 | +€6,805 | +34110.5% |
| Taxes | 450/3 | €20 | €6,825 | +€6,805 | +34110.5% |
| Other amounts payable | 47/48 | €48,319 | €7,819 | -€40,500 | -83.8% |
| Turnover | 70 | €32,500 | - | -€32,500 | |
| Non-recurring operating income | 76A | €262 | - | -€262 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,811 | €387 | -€1,423 | -78.6% |
| Gross operating margin | 9900 | €32,762 | -€214 | -€32,975 | |
| Operating profit (loss) | 9901 | €30,951 | -€601 | -€31,552 | |
| Financial charges | 65/66B | €96 | €91 | -€4 | -4.3% |
| Recurring financial charges | 65 | €96 | €91 | -€4 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €30,855 | -€692 | -€31,548 | |
| Profit (loss) for the period | 9904 | €30,855 | -€692 | -€31,548 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,855 | -€692 | -€31,548 |
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 30 September 2026 via checked.be.