SWITCH MUSIC: 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 MUSIC
Largest movements
- Receivables within one year +€13,012
up €13,012 (+1,252%), from €1,039 to €14,051
of which Trade receivables: +€13,308
- Profit (loss) carried forward +€17,257
up €17,257, from -€7,867 to €9,390
- Short-term financial debts -€5,407
down €5,407 (-53.9%), from €10,033 to €4,626
- Trade debts +€1,886
up €1,886 (+105%), from €1,791 to €3,676
- Other debts -€724
down €724 (-18.0%), from €4,023 to €3,298
- Gross operating margin +€24,805
up €24,805, from -€3,312 to €21,493
- Financial charges +€2,700
up €2,700 (+549%), from €492 to €3,192
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,039 | €29,051 | +€13,012 | +81.1% |
| Fixed assets | 21/28 | €15,000 | €15,000 | = | 0.0% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €1,039 | €14,051 | +€13,012 | +1,252% |
| Amounts receivable within one year | 40/41 | €1,039 | €14,051 | +€13,012 | +1,252% |
| Trade receivables | 40 | - | €13,308 | +€13,308 | |
| Other amounts receivable | 41 | €1,039 | €743 | -€296 | -28.5% |
| Total equity and liabilities | 10/49 | €16,039 | €29,051 | +€13,012 | +81.1% |
| Equity | 10/15 | €193 | €17,450 | +€17,257 | +8,933% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| 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 | -€7,867 | €9,390 | +€17,257 | |
| Amounts payable | 17/49 | €15,846 | €11,601 | -€4,246 | -26.8% |
| Amounts payable within one year | 42/48 | €15,846 | €11,601 | -€4,246 | -26.8% |
| Financial debts | 43 | €10,033 | €4,626 | -€5,407 | -53.9% |
| Credit institutions | 430/8 | €10,033 | €4,626 | -€5,407 | -53.9% |
| Trade debts | 44 | €1,791 | €3,676 | +€1,886 | +105% |
| Suppliers | 440/4 | €1,791 | €3,676 | +€1,886 | +105% |
| Other amounts payable | 47/48 | €4,023 | €3,298 | -€724 | -18.0% |
| Other operating charges | 640/8 | €384 | €384 | = | 0.0% |
| Non-recurring operating charges | 66A | €41 | €659 | +€617 | +1,489% |
| Gross operating margin | 9900 | -€3,312 | €21,493 | +€24,805 | |
| Operating profit (loss) | 9901 | -€3,738 | €20,450 | +€24,188 | |
| Financial charges | 65/66B | €492 | €3,192 | +€2,700 | +549% |
| Recurring financial charges | 65 | €492 | €3,192 | +€2,700 | +549% |
| Profit (loss) for the period before taxes | 9903 | -€4,230 | €17,257 | +€21,487 | |
| Profit (loss) for the period | 9904 | -€4,230 | €17,257 | +€21,487 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,230 | €17,257 | +€21,487 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.