424 SOFT: 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.
424 SOFT
Largest movements
- Receivables within one year +€23,287
up €23,287 (+94.4%), from €24,658 to €47,946
of which Trade receivables: +€16,201
- Cash +€12,054
up €12,054 (+30.7%), from €39,262 to €51,315
mainly Other debts (+€20,853) and Net result for the year (+€6,976)
- Tangible fixed assets -€5,396
down €5,396 (-53.4%), from €10,098 to €4,702
of which Furniture and vehicles: -€3,623
- Stocks and contracts -€4,351
down €4,351 (-5.0%), from €87,475 to €83,125
- Deferred charges and accrued income -€2,187
down €2,187 (-32.9%), from €6,654 to €4,467
- Other debts +€20,853
up €20,853 (+39.2%), from €53,262 to €74,115
- Profit (loss) carried forward +€6,976
up €6,976 (+29.8%), from -€23,403 to -€16,427
- Trade debts -€6,584
down €6,584 (-16.8%), from €39,089 to €32,505
- Tax, wage and social debts +€2,274
up €2,274 (+12.7%), from €17,883 to €20,156
of which Taxes: +€3,371
- Staff costs -€38,160
down €38,160 (-47.7%), from €80,001 to €41,841
- Gross operating margin -€10,486
down €10,486 (-15.8%), from €66,177 to €55,692
- Depreciation -€2,030
down €2,030 (-27.3%), from €7,435 to €5,405
- Financial charges -€1,281
down €1,281 (-69.3%), from €1,848 to €567
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 | €170,522 | €194,040 | +€23,518 | +13.8% |
| Fixed assets | 21/28 | €12,473 | €7,187 | -€5,286 | -42.4% |
| Intangible fixed assets | 21 | €0 | €110 | +€110 | |
| Tangible fixed assets | 22/27 | €10,098 | €4,702 | -€5,396 | -53.4% |
| Plant, machinery and equipment | 23 | €6,475 | €4,702 | -€1,773 | -27.4% |
| Furniture and vehicles | 24 | €3,623 | €0 | -€3,623 | -100% |
| Financial fixed assets | 28 | €2,375 | €2,375 | = | 0.0% |
| Current assets | 29/58 | €158,049 | €186,853 | +€28,803 | +18.2% |
| Stocks and contracts in progress | 3 | €87,475 | €83,125 | -€4,351 | -5.0% |
| Stocks | 30/36 | €87,475 | €83,125 | -€4,351 | -5.0% |
| Amounts receivable within one year | 40/41 | €24,658 | €47,946 | +€23,287 | +94.4% |
| Trade receivables | 40 | €14,865 | €31,066 | +€16,201 | +109% |
| Other amounts receivable | 41 | €9,794 | €16,880 | +€7,086 | +72.4% |
| Cash at bank and in hand | 54/58 | €39,262 | €51,315 | +€12,054 | +30.7% |
| Deferred charges and accrued income | 490/1 | €6,654 | €4,467 | -€2,187 | -32.9% |
| Total equity and liabilities | 10/49 | €170,522 | €194,040 | +€23,518 | +13.8% |
| Equity | 10/15 | €60,088 | €67,064 | +€6,976 | +11.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €64,899 | €64,899 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €63,040 | €64,899 | +€1,859 | +2.9% |
| Profit (loss) carried forward | 14 | -€23,403 | -€16,427 | +€6,976 | +29.8% |
| Amounts payable | 17/49 | €110,434 | €126,976 | +€16,542 | +15.0% |
| Amounts payable within one year | 42/48 | €110,233 | €126,776 | +€16,543 | +15.0% |
| Trade debts | 44 | €39,089 | €32,505 | -€6,584 | -16.8% |
| Suppliers | 440/4 | €39,089 | €32,505 | -€6,584 | -16.8% |
| Taxes, remuneration and social security | 45 | €17,883 | €20,156 | +€2,274 | +12.7% |
| Taxes | 450/3 | €9,342 | €12,713 | +€3,371 | +36.1% |
| Remuneration and social security | 454/9 | €8,540 | €7,443 | -€1,097 | -12.8% |
| Other amounts payable | 47/48 | €53,262 | €74,115 | +€20,853 | +39.2% |
| Accrued charges and deferred income | 492/3 | €201 | €200 | -€1 | -0.3% |
| Remuneration, social security and pensions | 62 | €80,001 | €41,841 | -€38,160 | -47.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,435 | €5,405 | -€2,030 | -27.3% |
| Other operating charges | 640/8 | €987 | €1,044 | +€57 | +5.7% |
| Gross operating margin | 9900 | €66,177 | €55,692 | -€10,486 | -15.8% |
| Operating profit (loss) | 9901 | -€22,245 | €7,402 | +€29,647 | |
| Financial income | 75/76B | €561 | €374 | -€187 | -33.3% |
| Recurring financial income | 75 | €561 | €374 | -€187 | -33.3% |
| Financial charges | 65/66B | €1,848 | €567 | -€1,281 | -69.3% |
| Recurring financial charges | 65 | €1,848 | €567 | -€1,281 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | -€23,532 | €7,209 | +€30,741 | |
| Income taxes | 67/77 | €224 | €233 | +€9 | +4.0% |
| Profit (loss) for the period | 9904 | -€23,756 | €6,976 | +€30,732 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,756 | €6,976 | +€30,732 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.