SWITCHUP STUDIO: 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.
SWITCHUP STUDIO
Largest movements
- Tangible fixed assets -€8,045
down €8,045 (-27.0%), from €29,846 to €21,801
- Cash -€2,874
down €2,874 (-14.1%), from €20,452 to €17,578
mainly Debts after one year (-€15,674) and Current portion of long-term debt (-€5,101)
- Debts after one year -€15,674
no longer reported in 2025 (was €15,674)
- Reserves +€12,000
up €12,000 (+47.1%), from €25,500 to €37,500
of which Distributable reserves: +€12,000
- Current portion of long-term debt -€5,101
no longer reported in 2025 (was €5,101)
- Other debts -€3,000
no longer reported in 2025 (was €3,000)
- Tax, wage and social debts +€1,424
up €1,424 (+1052.1%), from €135 to €1,559
- Gross operating margin +€8,454
up €8,454 (+44.0%), from €19,213 to €27,667
- Depreciation +€3,724
up €3,724 (+86.2%), from €4,321 to €8,045
- Financial charges -€898
down €898 (-44.3%), from €2,025 to €1,127
of which Non-recurring financial charges: -€1,188
- Taxes +€863
up €863 (+16.9%), from €5,100 to €5,963
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 | €56,061 | €45,479 | -€10,582 | -18.9% |
| Fixed assets | 21/28 | €30,516 | €22,471 | -€8,045 | -26.4% |
| Tangible fixed assets | 22/27 | €29,846 | €21,801 | -€8,045 | -27.0% |
| Furniture and vehicles | 24 | €29,846 | €21,801 | -€8,045 | -27.0% |
| Financial fixed assets | 28 | €670 | €670 | = | 0.0% |
| Current assets | 29/58 | €25,545 | €23,008 | -€2,538 | -9.9% |
| Amounts receivable within one year | 40/41 | €5,093 | €5,429 | +€336 | +6.6% |
| Trade receivables | 40 | €4,589 | €5,429 | +€841 | +18.3% |
| Other amounts receivable | 41 | €505 | - | -€505 | |
| Cash at bank and in hand | 54/58 | €20,452 | €17,578 | -€2,874 | -14.1% |
| Total equity and liabilities | 10/49 | €56,061 | €45,479 | -€10,582 | -18.9% |
| Equity | 10/15 | €30,949 | €43,481 | +€12,532 | +40.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,500 | €37,500 | +€12,000 | +47.1% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €37,000 | +€12,000 | +48.0% |
| Profit (loss) carried forward | 14 | €449 | €981 | +€532 | +118.5% |
| Amounts payable | 17/49 | €25,112 | €1,998 | -€23,114 | -92.0% |
| Amounts payable after more than one year | 17 | €15,674 | - | -€15,674 | |
| Financial debts | 170/4 | €15,674 | - | -€15,674 | |
| Amounts payable within one year | 42/48 | €9,438 | €1,692 | -€7,746 | -82.1% |
| Current portion of amounts payable after more than one year | 42 | €5,101 | - | -€5,101 | |
| Trade debts | 44 | €1,202 | €133 | -€1,069 | -88.9% |
| Suppliers | 440/4 | €1,202 | €133 | -€1,069 | -88.9% |
| Taxes, remuneration and social security | 45 | €135 | €1,559 | +€1,424 | +1052.1% |
| Taxes | 450/3 | €135 | €1,559 | +€1,424 | +1052.1% |
| Other amounts payable | 47/48 | €3,000 | - | -€3,000 | |
| Accrued charges and deferred income | 492/3 | - | €306 | +€306 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,321 | €8,045 | +€3,724 | +86.2% |
| Gross operating margin | 9900 | €19,213 | €27,667 | +€8,454 | +44.0% |
| Operating profit (loss) | 9901 | €14,892 | €19,622 | +€4,730 | +31.8% |
| Financial income | 75/76B | €80 | - | -€80 | |
| Recurring financial income | 75 | €49 | - | -€49 | |
| Non-recurring financial income | 76B | €31 | - | -€31 | |
| Financial charges | 65/66B | €2,025 | €1,127 | -€898 | -44.3% |
| Recurring financial charges | 65 | €837 | €1,127 | +€290 | +34.7% |
| Non-recurring financial charges | 66B | €1,188 | - | -€1,188 | |
| Profit (loss) for the period before taxes | 9903 | €12,947 | €18,495 | +€5,547 | +42.8% |
| Income taxes | 67/77 | €5,100 | €5,963 | +€863 | +16.9% |
| Profit (loss) for the period | 9904 | €7,848 | €12,532 | +€4,684 | +59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,848 | €12,532 | +€4,684 | +59.7% |
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 12 October 2026 via checked.be.