Jean-Marc SOHET: 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.
Jean-Marc SOHET
Largest movements
- Stocks and contracts -€12,473
down €12,473 (-14.9%), from €83,663 to €71,190
- Short-term financial debts -€9,833
down €9,833 (-93.2%), from €10,554 to €722
- Current portion of long-term debt -€5,052
down €5,052 (-74.3%), from €6,802 to €1,750
- Tax, wage and social debts +€3,553
up €3,553 (+71.0%), from €5,003 to €8,556
of which Taxes: +€3,253
- Trade debts +€2,126
up €2,126 (+23.8%), from €8,917 to €11,044
- Advances received -€1,935
down €1,935 (-50.7%), from €3,819 to €1,883
- Gross operating margin -€10,904
down €10,904 (-58.1%), from €18,767 to €7,863
- Depreciation -€8,618
down €8,618 (-79.8%), from €10,801 to €2,183
- Financial income -€2,569
down €2,569 (-39.8%), from €6,446 to €3,878
- Taxes +€1,600
up €1,600 (+208%), from €771 to €2,371
- Financial charges +€929
up €929 (+76.3%), from €1,218 to €2,147
From the 2025 result to the 2026 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,891 | €123,971 | -€10,920 | -8.1% |
| Fixed assets | 21/28 | €11,365 | €10,590 | -€775 | -6.8% |
| Tangible fixed assets | 22/27 | €10,290 | €9,516 | -€775 | -7.5% |
| Furniture and vehicles | 24 | €3,557 | €3,886 | +€329 | +9.2% |
| Other tangible fixed assets | 26 | €6,733 | €5,630 | -€1,103 | -16.4% |
| Financial fixed assets | 28 | €1,074 | €1,074 | = | 0.0% |
| Current assets | 29/58 | €123,527 | €113,381 | -€10,146 | -8.2% |
| Stocks and contracts in progress | 3 | €83,663 | €71,190 | -€12,473 | -14.9% |
| Stocks | 30/36 | €83,663 | €71,190 | -€12,473 | -14.9% |
| Amounts receivable within one year | 40/41 | €37,231 | €38,466 | +€1,235 | +3.3% |
| Trade receivables | 40 | €12,792 | €4,641 | -€8,152 | -63.7% |
| Other amounts receivable | 41 | €24,439 | €33,826 | +€9,387 | +38.4% |
| Deferred charges and accrued income | 490/1 | €2,633 | €3,725 | +€1,092 | +41.5% |
| Total equity and liabilities | 10/49 | €134,891 | €123,971 | -€10,920 | -8.1% |
| Equity | 10/15 | €97,297 | €98,967 | +€1,670 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,346 | €27,346 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,486 | €25,486 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,351 | €53,021 | +€1,670 | +3.3% |
| Amounts payable | 17/49 | €37,595 | €25,005 | -€12,590 | -33.5% |
| Amounts payable after more than one year | 17 | €2,450 | €1,050 | -€1,400 | -57.1% |
| Financial debts | 170/4 | €2,450 | €1,050 | -€1,400 | -57.1% |
| Amounts payable within one year | 42/48 | €35,145 | €23,955 | -€11,190 | -31.8% |
| Current portion of amounts payable after more than one year | 42 | €6,802 | €1,750 | -€5,052 | -74.3% |
| Financial debts | 43 | €10,554 | €722 | -€9,833 | -93.2% |
| Credit institutions | 430/8 | €10,554 | €722 | -€9,833 | -93.2% |
| Trade debts | 44 | €8,917 | €11,044 | +€2,126 | +23.8% |
| Suppliers | 440/4 | €8,917 | €11,044 | +€2,126 | +23.8% |
| Advances received on contracts in progress | 46 | €3,819 | €1,883 | -€1,935 | -50.7% |
| Taxes, remuneration and social security | 45 | €5,003 | €8,556 | +€3,553 | +71.0% |
| Taxes | 450/3 | €3,003 | €6,256 | +€3,253 | +108% |
| Remuneration and social security | 454/9 | €2,000 | €2,300 | +€300 | +15.0% |
| Other amounts payable | 47/48 | €50 | - | -€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,801 | €2,183 | -€8,618 | -79.8% |
| Other operating charges | 640/8 | €2,685 | €3,371 | +€686 | +25.6% |
| Gross operating margin | 9900 | €18,767 | €7,863 | -€10,904 | -58.1% |
| Operating profit (loss) | 9901 | €5,282 | €2,309 | -€2,973 | -56.3% |
| Financial income | 75/76B | €6,446 | €3,878 | -€2,569 | -39.8% |
| Recurring financial income | 75 | €6,446 | €3,878 | -€2,569 | -39.8% |
| Financial charges | 65/66B | €1,218 | €2,147 | +€929 | +76.3% |
| Recurring financial charges | 65 | €1,218 | €2,147 | +€929 | +76.3% |
| Profit (loss) for the period before taxes | 9903 | €10,510 | €4,040 | -€6,470 | -61.6% |
| Income taxes | 67/77 | €771 | €2,371 | +€1,600 | +208% |
| Profit (loss) for the period | 9904 | €9,740 | €1,670 | -€8,070 | -82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,740 | €1,670 | -€8,070 | -82.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.