Switchdieet: 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.
Switchdieet
Largest movements
- Cash -€44,192
down €44,192 (-46.5%), from €94,944 to €50,752
mainly Contributions, distributions and other (-€96,669) and Tax, wage and social debts (-€24,524)
- Tangible fixed assets -€26,601
down €26,601 (-34.7%), from €76,653 to €50,052
of which Plant, machinery and equipment: -€23,120
- Receivables within one year +€7,690
up €7,690 (+7,690%), from €100 to €7,790
of which Other amounts receivable: +€6,217
- Reserves -€83,999
down €83,999 (-100%), from €83,999 to €0
- Other debts +€64,416
up €64,416 (+5,359%), from €1,202 to €65,618
- Tax, wage and social debts -€24,524
down €24,524 (-61.1%), from €40,150 to €15,626
of which Taxes: -€15,263
- Debts after one year -€15,155
down €15,155 (-44.7%), from €33,927 to €18,771
- Current portion of long-term debt -€4,308
down €4,308 (-22.1%), from €19,464 to €15,155
- Gross operating margin -€12,944
down €12,944 (-11.1%), from €116,131 to €103,187
- Staff costs -€10,663
down €10,663 (-17.1%), from €62,404 to €51,741
- Financial charges +€1,832
up €1,832 (+42.9%), from €4,270 to €6,103
- Taxes -€1,592
down €1,592 (-22.5%), from €7,074 to €5,483
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 | €185,750 | €122,410 | -€63,340 | -34.1% |
| Fixed assets | 21/28 | €83,653 | €57,052 | -€26,601 | -31.8% |
| Tangible fixed assets | 22/27 | €76,653 | €50,052 | -€26,601 | -34.7% |
| Plant, machinery and equipment | 23 | €70,014 | €46,894 | -€23,120 | -33.0% |
| Furniture and vehicles | 24 | €4,534 | €3,158 | -€1,377 | -30.4% |
| Other tangible fixed assets | 26 | €2,104 | €0 | -€2,104 | -100% |
| Financial fixed assets | 28 | €7,000 | €7,000 | = | 0.0% |
| Current assets | 29/58 | €102,097 | €65,358 | -€36,739 | -36.0% |
| Stocks and contracts in progress | 3 | €7,053 | €6,816 | -€237 | -3.4% |
| Stocks | 30/36 | €7,053 | €6,816 | -€237 | -3.4% |
| Amounts receivable within one year | 40/41 | €100 | €7,790 | +€7,690 | +7,690% |
| Trade receivables | 40 | €100 | €1,573 | +€1,473 | +1,473% |
| Other amounts receivable | 41 | - | €6,217 | +€6,217 | |
| Cash at bank and in hand | 54/58 | €94,944 | €50,752 | -€44,192 | -46.5% |
| Total equity and liabilities | 10/49 | €185,750 | €122,410 | -€63,340 | -34.1% |
| Equity | 10/15 | €88,999 | €5,000 | -€83,999 | -94.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €83,999 | €0 | -€83,999 | -100% |
| Distributable reserves | 133 | €83,999 | €0 | -€83,999 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €96,751 | €117,410 | +€20,659 | +21.4% |
| Amounts payable after more than one year | 17 | €33,927 | €18,771 | -€15,155 | -44.7% |
| Financial debts | 170/4 | €33,927 | €18,771 | -€15,155 | -44.7% |
| Amounts payable within one year | 42/48 | €62,253 | €96,422 | +€34,169 | +54.9% |
| Current portion of amounts payable after more than one year | 42 | €19,464 | €15,155 | -€4,308 | -22.1% |
| Trade debts | 44 | €1,436 | €22 | -€1,414 | -98.4% |
| Suppliers | 440/4 | €1,436 | €22 | -€1,414 | -98.4% |
| Taxes, remuneration and social security | 45 | €40,150 | €15,626 | -€24,524 | -61.1% |
| Taxes | 450/3 | €28,915 | €13,652 | -€15,263 | -52.8% |
| Remuneration and social security | 454/9 | €11,236 | €1,975 | -€9,261 | -82.4% |
| Other amounts payable | 47/48 | €1,202 | €65,618 | +€64,416 | +5,359% |
| Accrued charges and deferred income | 492/3 | €571 | €2,217 | +€1,646 | +288% |
| Remuneration, social security and pensions | 62 | €62,404 | €51,741 | -€10,663 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,987 | €24,497 | +€510 | +2.1% |
| Other operating charges | 640/8 | €917 | €758 | -€160 | -17.4% |
| Non-recurring operating charges | 66A | - | €2,104 | +€2,104 | |
| Gross operating margin | 9900 | €116,131 | €103,187 | -€12,944 | -11.1% |
| Operating profit (loss) | 9901 | €28,822 | €24,087 | -€4,735 | -16.4% |
| Financial income | 75/76B | €869 | €168 | -€701 | -80.6% |
| Recurring financial income | 75 | €869 | €168 | -€701 | -80.6% |
| Financial charges | 65/66B | €4,270 | €6,103 | +€1,832 | +42.9% |
| Recurring financial charges | 65 | €4,270 | €6,103 | +€1,832 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | €25,421 | €18,153 | -€7,268 | -28.6% |
| Income taxes | 67/77 | €7,074 | €5,483 | -€1,592 | -22.5% |
| Profit (loss) for the period | 9904 | €18,347 | €12,670 | -€5,677 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,347 | €12,670 | -€5,677 | -30.9% |
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 17 October 2026 via checked.be.