SWITCH ON PROD: 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 ON PROD
Largest movements
- Financial fixed assets +€1.7m
up €1.7m (+47,098%), from €3,693 to €1.7m
- Cash -€951,710
down €951,710 (-95.7%), from €994,311 to €42,601
mainly Investment in fixed assets (net) (-€1.7m) and Other debts (-€543,016)
- Receivables within one year +€423,380
up €423,380 (+478%), from €88,643 to €512,023
of which Trade receivables: +€302,295
- Tangible fixed assets -€42,604
down €42,604 (-37.8%), from €112,812 to €70,207
- Contributions +€1.7m
up €1.7m (+9,352%), from €18,600 to €1.8m
- Other debts -€543,016
down €543,016 (-80.7%), from €673,016 to €130,000
- Tax, wage and social debts -€63,916
down €63,916 (-53.9%), from €118,597 to €54,682
of which Taxes: -€52,837
- Trade debts +€53,689
up €53,689 (+37.2%), from €144,227 to €197,915
- Gross operating margin -€611,654
down €611,654 (-93.2%), from €656,603 to €44,949
- Financial income +€127,274
up €127,274 (+364%), from €35,000 to €162,274
- Taxes -€106,925
down €106,925, from €105,800 to -€1,125
- Staff costs -€105,978
down €105,978 (-89.2%), from €118,863 to €12,885
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 | €1,204,630 | €2,378,621 | +€1.2m | +97.5% |
| Fixed assets | 21/28 | €116,505 | €1,813,348 | +€1.7m | +1,456% |
| Tangible fixed assets | 22/27 | €112,812 | €70,207 | -€42,604 | -37.8% |
| Furniture and vehicles | 24 | €112,812 | €70,207 | -€42,604 | -37.8% |
| Financial fixed assets | 28 | €3,693 | €1,743,140 | +€1.7m | +47,098% |
| Current assets | 29/58 | €1,088,126 | €565,274 | -€522,852 | -48.1% |
| Amounts receivable within one year | 40/41 | €88,643 | €512,023 | +€423,380 | +478% |
| Trade receivables | 40 | €88,420 | €390,715 | +€302,295 | +342% |
| Other amounts receivable | 41 | €223 | €121,308 | +€121,085 | +54,396% |
| Cash at bank and in hand | 54/58 | €994,311 | €42,601 | -€951,710 | -95.7% |
| Deferred charges and accrued income | 490/1 | €5,172 | €10,650 | +€5,478 | +106% |
| Total equity and liabilities | 10/49 | €1,204,630 | €2,378,621 | +€1.2m | +97.5% |
| Equity | 10/15 | €268,791 | €1,996,024 | +€1.7m | +643% |
| Contributions | 10/11 | €18,600 | €1,758,047 | +€1.7m | +9,352% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €248,331 | €236,117 | -€12,213 | -4.9% |
| Amounts payable | 17/49 | €935,840 | €382,597 | -€553,243 | -59.1% |
| Amounts payable within one year | 42/48 | €935,840 | €382,597 | -€553,243 | -59.1% |
| Trade debts | 44 | €144,227 | €197,915 | +€53,689 | +37.2% |
| Suppliers | 440/4 | €144,227 | €197,915 | +€53,689 | +37.2% |
| Taxes, remuneration and social security | 45 | €118,597 | €54,682 | -€63,916 | -53.9% |
| Taxes | 450/3 | €107,518 | €54,682 | -€52,837 | -49.1% |
| Remuneration and social security | 454/9 | €11,079 | - | -€11,079 | |
| Other amounts payable | 47/48 | €673,016 | €130,000 | -€543,016 | -80.7% |
| Remuneration, social security and pensions | 62 | €118,863 | €12,885 | -€105,978 | -89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,976 | €44,321 | +€4,345 | +10.9% |
| Other operating charges | 640/8 | €30,859 | €28,990 | -€1,869 | -6.1% |
| Non-recurring operating charges | 66A | - | €2,257 | +€2,257 | |
| Gross operating margin | 9900 | €656,603 | €44,949 | -€611,654 | -93.2% |
| Operating profit (loss) | 9901 | €466,904 | -€43,504 | -€510,408 | |
| Financial income | 75/76B | €35,000 | €162,274 | +€127,274 | +364% |
| Recurring financial income | 75 | €35,000 | €162,274 | +€127,274 | +364% |
| Financial charges | 65/66B | €2,049 | €1,859 | -€190 | -9.3% |
| Recurring financial charges | 65 | €2,049 | €1,859 | -€190 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €499,856 | €116,912 | -€382,944 | -76.6% |
| Income taxes | 67/77 | €105,800 | -€1,125 | -€106,925 | |
| Profit (loss) for the period | 9904 | €394,056 | €118,037 | -€276,019 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €394,056 | €118,037 | -€276,019 | -70.0% |
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 15 October 2026 via checked.be.