BAO - SOLDY: what changed
BAO - SOLDY
Largest movements
- Stocks and contracts +€25,925
up €25,925 (+188%), from €13,755 to €39,680
- Cash -€13,109
down €13,109 (-45.8%), from €28,608 to €15,499
mainly Stocks and contracts (-€25,925) and Other debts (-€6,000)
- Receivables within one year -€9,950
down €9,950 (-100%), from €9,950 to €0
- Tangible fixed assets -€5,000
down €5,000 (-42.9%), from €11,646 to €6,647
- Other debts -€6,000
down €6,000 (-91.1%), from €6,583 to €583
- Trade debts +€4,280
up €4,280 (+131%), from €3,258 to €7,538
- Profit (loss) carried forward -€1,839
down €1,839 (-9.5%), from €19,343 to €17,504
- Tax, wage and social debts +€1,361
up €1,361 (+8.0%), from €16,960 to €18,321
of which Remuneration and social security: +€2,697
- Staff costs +€25,087
up €25,087 (+74.6%), from €33,622 to €58,709
- Gross operating margin +€24,117
up €24,117 (+45.7%), from €52,774 to €76,891
- Depreciation +€2,559
up €2,559 (+105%), from €2,441 to €5,000
- Other operating charges +€2,319
up €2,319 (+29.8%), from €7,784 to €10,104
- Taxes -€1,223
down €1,223 (-35.9%), from €3,404 to €2,181
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,736 | €62,537 | -€2,199 | -3.4% |
| Fixed assets | 21/28 | €11,890 | €6,891 | -€5,000 | -42.0% |
| Tangible fixed assets | 22/27 | €11,646 | €6,647 | -€5,000 | -42.9% |
| Furniture and vehicles | 24 | €11,646 | €6,647 | -€5,000 | -42.9% |
| Financial fixed assets | 28 | €244 | €244 | = | 0.0% |
| Current assets | 29/58 | €52,846 | €55,647 | +€2,801 | +5.3% |
| Stocks and contracts in progress | 3 | €13,755 | €39,680 | +€25,925 | +188% |
| Stocks | 30/36 | €13,755 | €39,680 | +€25,925 | +188% |
| Amounts receivable within one year | 40/41 | €9,950 | €0 | -€9,950 | -100% |
| Other amounts receivable | 41 | €9,950 | €0 | -€9,950 | -100% |
| Cash at bank and in hand | 54/58 | €28,608 | €15,499 | -€13,109 | -45.8% |
| Deferred charges and accrued income | 490/1 | €532 | €467 | -€65 | -12.1% |
| Total equity and liabilities | 10/49 | €64,736 | €62,537 | -€2,199 | -3.4% |
| Equity | 10/15 | €37,935 | €36,096 | -€1,839 | -4.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,343 | €17,504 | -€1,839 | -9.5% |
| Amounts payable | 17/49 | €26,801 | €26,442 | -€360 | -1.3% |
| Amounts payable within one year | 42/48 | €26,801 | €26,442 | -€360 | -1.3% |
| Trade debts | 44 | €3,258 | €7,538 | +€4,280 | +131% |
| Suppliers | 440/4 | €3,258 | €7,538 | +€4,280 | +131% |
| Taxes, remuneration and social security | 45 | €16,960 | €18,321 | +€1,361 | +8.0% |
| Taxes | 450/3 | €13,027 | €11,691 | -€1,336 | -10.3% |
| Remuneration and social security | 454/9 | €3,933 | €6,630 | +€2,697 | +68.6% |
| Other amounts payable | 47/48 | €6,583 | €583 | -€6,000 | -91.1% |
| Remuneration, social security and pensions | 62 | €33,622 | €58,709 | +€25,087 | +74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,441 | €5,000 | +€2,559 | +105% |
| Other operating charges | 640/8 | €7,784 | €10,104 | +€2,319 | +29.8% |
| Gross operating margin | 9900 | €52,774 | €76,891 | +€24,117 | +45.7% |
| Operating profit (loss) | 9901 | €8,927 | €3,079 | -€5,848 | -65.5% |
| Financial income | 75/76B | €701 | €28 | -€673 | -96.0% |
| Recurring financial income | 75 | €701 | €28 | -€673 | -96.0% |
| Financial charges | 65/66B | €1,219 | €1,932 | +€713 | +58.5% |
| Recurring financial charges | 65 | €1,219 | €1,932 | +€713 | +58.5% |
| Profit (loss) for the period before taxes | 9903 | €8,410 | €1,175 | -€7,235 | -86.0% |
| Income taxes | 67/77 | €3,404 | €2,181 | -€1,223 | -35.9% |
| Profit (loss) for the period | 9904 | €5,006 | -€1,006 | -€6,012 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,006 | -€1,006 | -€6,012 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.