SWITERS: 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.
SWITERS
Largest movements
- Cash -€6,402
down €6,402 (-26.8%), from €23,850 to €17,448
mainly Other debts (-€6,432) and Investment in fixed assets (net) (-€1,061)
- Deferred charges and accrued income +€622
new in 2025: €622
- Other debts -€6,432
down €6,432 (-56.3%), from €11,432 to €5,000
- Depreciation -€821
down €821 (-34.6%), from €2,375 to €1,554
- Gross operating margin -€431
down €431 (-15.7%), from €2,738 to €2,307
- Other operating charges +€103
up €103 (+20.3%), from €505 to €608
- Taxes +€58
up €58 (+285%), from €20 to €78
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 | €51,847 | €45,368 | -€6,479 | -12.5% |
| Fixed assets | 21/28 | €26,291 | €25,798 | -€493 | -1.9% |
| Tangible fixed assets | 22/27 | €18,791 | €18,298 | -€493 | -2.6% |
| Land and buildings | 22 | €18,585 | €17,328 | -€1,257 | -6.8% |
| Plant, machinery and equipment | 23 | €206 | €970 | +€764 | +371% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €25,555 | €19,570 | -€5,986 | -23.4% |
| Amounts receivable within one year | 40/41 | €1,706 | €1,500 | -€206 | -12.1% |
| Trade receivables | 40 | €1,612 | €1,500 | -€112 | -6.9% |
| Other amounts receivable | 41 | €94 | - | -€94 | |
| Cash at bank and in hand | 54/58 | €23,850 | €17,448 | -€6,402 | -26.8% |
| Deferred charges and accrued income | 490/1 | - | €622 | +€622 | |
| Total equity and liabilities | 10/49 | €51,847 | €45,368 | -€6,479 | -12.5% |
| Equity | 10/15 | €38,921 | €38,945 | +€24 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,321 | €20,345 | +€24 | +0.1% |
| Amounts payable | 17/49 | €12,925 | €6,422 | -€6,503 | -50.3% |
| Amounts payable within one year | 42/48 | €12,925 | €6,422 | -€6,503 | -50.3% |
| Current portion of amounts payable after more than one year | 42 | €153 | - | -€153 | |
| Trade debts | 44 | €42 | €445 | +€403 | +955% |
| Suppliers | 440/4 | €42 | €445 | +€403 | +955% |
| Taxes, remuneration and social security | 45 | €1,298 | €977 | -€322 | -24.8% |
| Taxes | 450/3 | €1,298 | €977 | -€322 | -24.8% |
| Other amounts payable | 47/48 | €11,432 | €5,000 | -€6,432 | -56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,375 | €1,554 | -€821 | -34.6% |
| Other operating charges | 640/8 | €505 | €608 | +€103 | +20.3% |
| Gross operating margin | 9900 | €2,738 | €2,307 | -€431 | -15.7% |
| Operating profit (loss) | 9901 | -€143 | €145 | +€288 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.3% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.3% |
| Financial charges | 65/66B | €47 | €43 | -€5 | -9.8% |
| Recurring financial charges | 65 | €47 | €43 | -€5 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€188 | €102 | +€290 | |
| Income taxes | 67/77 | €20 | €78 | +€58 | +285% |
| Profit (loss) for the period | 9904 | -€209 | €24 | +€233 | |
| Profit (loss) for the period to be appropriated | 9905 | -€209 | €24 | +€233 |
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 27 October 2026 via checked.be.