FOUR - SOFT: 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.
FOUR - SOFT
Largest movements
- Intangible fixed assets +€35,000
up €35,000 (+17.9%), from €195,000 to €230,000
- Receivables within one year +€14,329
up €14,329 (+36.3%), from €39,458 to €53,787
of which Trade receivables: +€14,402
- Tangible fixed assets -€10,160
down €10,160 (-24.4%), from €41,699 to €31,539
of which Furniture and vehicles: -€9,826
- Cash +€5,118
up €5,118 (+51.9%), from €9,870 to €14,988
mainly Other debts (+€33,871) and Trade debts (+€11,163)
- Other debts +€33,871
up €33,871 (+16.5%), from €204,710 to €238,581
- Trade debts +€11,163
up €11,163 (+151.4%), from €7,373 to €18,536
- Gross operating margin +€6,611
up €6,611 (+6.3%), from €105,232 to €111,843
- Staff costs +€4,176
up €4,176 (+4.2%), from €99,495 to €103,671
- Depreciation +€1,729
up €1,729 (+20.5%), from €8,430 to €10,159
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 | €286,490 | €330,314 | +€43,824 | +15.3% |
| Fixed assets | 21/28 | €236,699 | €261,539 | +€24,840 | +10.5% |
| Intangible fixed assets | 21 | €195,000 | €230,000 | +€35,000 | +17.9% |
| Tangible fixed assets | 22/27 | €41,699 | €31,539 | -€10,160 | -24.4% |
| Plant, machinery and equipment | 23 | €917 | €583 | -€334 | -36.4% |
| Furniture and vehicles | 24 | €40,782 | €30,956 | -€9,826 | -24.1% |
| Current assets | 29/58 | €49,791 | €68,775 | +€18,984 | +38.1% |
| Amounts receivable within one year | 40/41 | €39,458 | €53,787 | +€14,329 | +36.3% |
| Trade receivables | 40 | €35,864 | €50,266 | +€14,402 | +40.2% |
| Other amounts receivable | 41 | €3,594 | €3,521 | -€73 | -2.0% |
| Cash at bank and in hand | 54/58 | €9,870 | €14,988 | +€5,118 | +51.9% |
| Deferred charges and accrued income | 490/1 | €463 | - | -€463 | |
| Total equity and liabilities | 10/49 | €286,490 | €330,314 | +€43,824 | +15.3% |
| Equity | 10/15 | €67,689 | €65,091 | -€2,598 | -3.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€511 | -€3,109 | -€2,598 | -508.4% |
| Amounts payable | 17/49 | €218,801 | €265,223 | +€46,422 | +21.2% |
| Amounts payable within one year | 42/48 | €218,801 | €265,223 | +€46,422 | +21.2% |
| Trade debts | 44 | €7,373 | €18,536 | +€11,163 | +151.4% |
| Suppliers | 440/4 | €7,373 | €18,536 | +€11,163 | +151.4% |
| Taxes, remuneration and social security | 45 | €6,718 | €8,106 | +€1,388 | +20.7% |
| Taxes | 450/3 | €6,718 | €8,106 | +€1,388 | +20.7% |
| Other amounts payable | 47/48 | €204,710 | €238,581 | +€33,871 | +16.5% |
| Non-recurring operating income | 76A | €10,331 | - | -€10,331 | |
| Remuneration, social security and pensions | 62 | €99,495 | €103,671 | +€4,176 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,430 | €10,159 | +€1,729 | +20.5% |
| Other operating charges | 640/8 | €534 | €328 | -€206 | -38.6% |
| Gross operating margin | 9900 | €105,232 | €111,843 | +€6,611 | +6.3% |
| Operating profit (loss) | 9901 | -€3,227 | -€2,315 | +€912 | +28.3% |
| Financial income | 75/76B | €7 | €2 | -€5 | -71.4% |
| Recurring financial income | 75 | €7 | €2 | -€5 | -71.4% |
| Financial charges | 65/66B | €32 | €102 | +€70 | +218.8% |
| Recurring financial charges | 65 | €32 | €102 | +€70 | +218.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,252 | -€2,415 | +€837 | +25.7% |
| Income taxes | 67/77 | €0 | €183 | +€183 | |
| Profit (loss) for the period | 9904 | -€3,252 | -€2,598 | +€654 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,252 | -€2,598 | +€654 | +20.1% |
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.