SWITX: what changed
Two fiscal 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.
SWITX
Largest movements
- Current investments +€74,000
up €74,000 (+308.3%), from €24,004 to €98,004
- Tangible fixed assets +€6,229
up €6,229 (+381.6%), from €1,632 to €7,861
of which Other tangible fixed assets: +€5,514
- Receivables within one year +€2,190
up €2,190 (+12.1%), from €18,150 to €20,340
- Deferred charges and accrued income -€2,061
down €2,061 (-18.6%), from €11,076 to €9,015
- Reserves +€76,217
up €76,217 (+276.9%), from €27,525 to €103,742
- Tax, wage and social debts +€13,793
up €13,793 (+86.6%), from €15,926 to €29,719
- Other debts -€10,844
down €10,844 (-74.5%), from €14,550 to €3,706
- Gross operating margin +€64,294
up €64,294 (+176.2%), from €36,491 to €100,786
- Taxes +€12,526
up €12,526 (+175.1%), from €7,152 to €19,678
- Financial charges +€1,527
up €1,527 (+148.3%), from €1,029 to €2,556
- Depreciation +€1,486
up €1,486 (+217.3%), from €684 to €2,170
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 | €61,268 | €141,033 | +€79,765 | +130.2% |
| Formation expenses | 20 | €761 | €0 | -€761 | -100.0% |
| Fixed assets | 21/28 | €1,632 | €7,861 | +€6,229 | +381.6% |
| Tangible fixed assets | 22/27 | €1,632 | €7,861 | +€6,229 | +381.6% |
| Plant, machinery and equipment | 23 | €1,632 | €1,274 | -€358 | -21.9% |
| Furniture and vehicles | 24 | - | €1,073 | +€1,073 | |
| Other tangible fixed assets | 26 | - | €5,514 | +€5,514 | |
| Current assets | 29/58 | €58,875 | €133,172 | +€74,297 | +126.2% |
| Amounts receivable within one year | 40/41 | €18,150 | €20,340 | +€2,190 | +12.1% |
| Trade receivables | 40 | €18,150 | €20,340 | +€2,190 | +12.1% |
| Current investments | 50/53 | €24,004 | €98,004 | +€74,000 | +308.3% |
| Cash at bank and in hand | 54/58 | €5,645 | €5,813 | +€168 | +3.0% |
| Deferred charges and accrued income | 490/1 | €11,076 | €9,015 | -€2,061 | -18.6% |
| Total equity and liabilities | 10/49 | €61,268 | €141,033 | +€79,765 | +130.2% |
| Equity | 10/15 | €28,525 | €104,742 | +€76,217 | +267.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €27,525 | €103,742 | +€76,217 | +276.9% |
| Distributable reserves | 133 | €27,525 | €103,742 | +€76,217 | +276.9% |
| Amounts payable | 17/49 | €32,743 | €36,291 | +€3,548 | +10.8% |
| Amounts payable within one year | 42/48 | €32,743 | €35,735 | +€2,992 | +9.1% |
| Trade debts | 44 | €2,267 | €2,310 | +€43 | +1.9% |
| Suppliers | 440/4 | €2,267 | €2,310 | +€43 | +1.9% |
| Taxes, remuneration and social security | 45 | €15,926 | €29,719 | +€13,793 | +86.6% |
| Taxes | 450/3 | €15,926 | €29,719 | +€13,793 | +86.6% |
| Other amounts payable | 47/48 | €14,550 | €3,706 | -€10,844 | -74.5% |
| Accrued charges and deferred income | 492/3 | - | €556 | +€556 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €684 | €2,170 | +€1,486 | +217.3% |
| Other operating charges | 640/8 | €101 | €165 | +€65 | +64.2% |
| Gross operating margin | 9900 | €36,491 | €100,786 | +€64,294 | +176.2% |
| Operating profit (loss) | 9901 | €35,707 | €98,450 | +€62,744 | +175.7% |
| Financial charges | 65/66B | €1,029 | €2,556 | +€1,527 | +148.3% |
| Recurring financial charges | 65 | €1,029 | €2,556 | +€1,527 | +148.3% |
| Profit (loss) for the period before taxes | 9903 | €34,678 | €95,895 | +€61,217 | +176.5% |
| Income taxes | 67/77 | €7,152 | €19,678 | +€12,526 | +175.1% |
| Profit (loss) for the period | 9904 | €27,525 | €76,217 | +€48,691 | +176.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,525 | €76,217 | +€48,691 | +176.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.