2 SOEURS: 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.
2 SOEURS
Largest movements
- Receivables within one year -€43,834
down €43,834 (-46.7%), from €93,939 to €50,105
of which Trade receivables: -€36,333
- Stocks and contracts -€19,500
down €19,500 (-5.6%), from €351,000 to €331,500
- Tangible fixed assets -€19,425
down €19,425 (-57.4%), from €33,870 to €14,445
of which Other tangible fixed assets: -€17,835
- Trade debts -€84,618
down €84,618 (-85.8%), from €98,660 to €14,042
- Reserves +€29,965
up €29,965 (+9.8%), from €305,907 to €335,872
of which Distributable reserves: +€29,965
- Tax, wage and social debts -€16,475
down €16,475 (-28.0%), from €58,931 to €42,456
of which Taxes: -€9,103
- Debts after one year -€8,372
down €8,372 (-14.3%), from €58,372 to €50,000
- Gross operating margin -€49,381
down €49,381 (-22.5%), from €219,364 to €169,983
- Staff costs -€28,666
down €28,666 (-21.9%), from €130,607 to €101,941
- Financial income +€4,579
up €4,579 (+200.7%), from €2,282 to €6,861
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 | €569,516 | €489,017 | -€80,500 | -14.1% |
| Fixed assets | 21/28 | €33,870 | €14,445 | -€19,425 | -57.4% |
| Tangible fixed assets | 22/27 | €33,870 | €14,445 | -€19,425 | -57.4% |
| Plant, machinery and equipment | 23 | €1,285 | €428 | -€858 | -66.7% |
| Furniture and vehicles | 24 | €854 | €121 | -€732 | -85.8% |
| Other tangible fixed assets | 26 | €31,731 | €13,896 | -€17,835 | -56.2% |
| Current assets | 29/58 | €535,647 | €474,572 | -€61,075 | -11.4% |
| Stocks and contracts in progress | 3 | €351,000 | €331,500 | -€19,500 | -5.6% |
| Stocks | 30/36 | €351,000 | €331,500 | -€19,500 | -5.6% |
| Amounts receivable within one year | 40/41 | €93,939 | €50,105 | -€43,834 | -46.7% |
| Trade receivables | 40 | €80,646 | €44,313 | -€36,333 | -45.1% |
| Other amounts receivable | 41 | €13,293 | €5,793 | -€7,501 | -56.4% |
| Cash at bank and in hand | 54/58 | €90,090 | €91,028 | +€938 | +1.0% |
| Deferred charges and accrued income | 490/1 | €618 | €1,938 | +€1,321 | +213.9% |
| Total equity and liabilities | 10/49 | €569,516 | €489,017 | -€80,500 | -14.1% |
| Equity | 10/15 | €324,457 | €354,422 | +€29,965 | +9.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €305,907 | €335,872 | +€29,965 | +9.8% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €304,052 | €334,017 | +€29,965 | +9.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €245,059 | €134,595 | -€110,465 | -45.1% |
| Amounts payable after more than one year | 17 | €58,372 | €50,000 | -€8,372 | -14.3% |
| Financial debts | 170/4 | €58,372 | €50,000 | -€8,372 | -14.3% |
| Amounts payable within one year | 42/48 | €171,088 | €68,907 | -€102,181 | -59.7% |
| Current portion of amounts payable after more than one year | 42 | €12,564 | €8,372 | -€4,192 | -33.4% |
| Trade debts | 44 | €98,660 | €14,042 | -€84,618 | -85.8% |
| Suppliers | 440/4 | €98,660 | €14,042 | -€84,618 | -85.8% |
| Taxes, remuneration and social security | 45 | €58,931 | €42,456 | -€16,475 | -28.0% |
| Taxes | 450/3 | €40,615 | €31,513 | -€9,103 | -22.4% |
| Remuneration and social security | 454/9 | €18,316 | €10,943 | -€7,372 | -40.3% |
| Other amounts payable | 47/48 | €933 | €4,037 | +€3,104 | +332.6% |
| Accrued charges and deferred income | 492/3 | €15,600 | €15,688 | +€88 | +0.6% |
| Remuneration, social security and pensions | 62 | €130,607 | €101,941 | -€28,666 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,199 | €19,425 | -€775 | -3.8% |
| Other operating charges | 640/8 | €5,216 | €3,132 | -€2,084 | -40.0% |
| Gross operating margin | 9900 | €219,364 | €169,983 | -€49,381 | -22.5% |
| Operating profit (loss) | 9901 | €63,342 | €45,486 | -€17,857 | -28.2% |
| Financial income | 75/76B | €2,282 | €6,861 | +€4,579 | +200.7% |
| Recurring financial income | 75 | €2,282 | €6,861 | +€4,579 | +200.7% |
| Financial charges | 65/66B | €11,746 | €11,132 | -€615 | -5.2% |
| Recurring financial charges | 65 | €11,746 | €11,132 | -€615 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €53,878 | €41,215 | -€12,663 | -23.5% |
| Income taxes | 67/77 | €12,958 | €11,250 | -€1,708 | -13.2% |
| Profit (loss) for the period | 9904 | €40,920 | €29,965 | -€10,955 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,920 | €29,965 | -€10,955 | -26.8% |
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.