PJ - 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.
PJ - SOFT
Largest movements
- Tangible fixed assets -€15,309
down €15,309 (-3.7%), from €410,367 to €395,059
of which Land and buildings: -€16,228
- Cash +€14,849
up €14,849 (+34.3%), from €43,283 to €58,132
mainly Net result for the year (+€61,405) and Depreciation (+€17,481)
- Debts after one year -€55,045
down €55,045 (-19.1%), from €288,527 to €233,483
of which Financial debts: -€55,285
- Reserves +€30,798
up €30,798 (+21.1%), from €145,909 to €176,707
of which Distributable reserves: +€30,798
- Other debts +€15,529
up €15,529 (+94.4%), from €16,451 to €31,980
- Tax, wage and social debts +€12,020
up €12,020 (+4,322%), from €278 to €12,298
- Financial income +€51,522
up €51,522 (+4,628%), from €1,113 to €52,636
of which Non-recurring financial income: +€51,479
- Taxes +€19,274
up €19,274 (+353%), from €5,460 to €24,734
- Gross operating margin +€17,308
up €17,308 (+38.9%), from €44,522 to €61,830
- Financial charges -€961
down €961 (-11.5%), from €8,373 to €7,412
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 | €550,955 | €552,161 | +€1,206 | +0.2% |
| Fixed assets | 21/28 | €410,987 | €395,059 | -€15,929 | -3.9% |
| Tangible fixed assets | 22/27 | €410,367 | €395,059 | -€15,309 | -3.7% |
| Land and buildings | 22 | €408,645 | €392,417 | -€16,228 | -4.0% |
| Plant, machinery and equipment | 23 | €475 | - | -€475 | |
| Furniture and vehicles | 24 | €1,247 | €2,642 | +€1,395 | +112% |
| Financial fixed assets | 28 | €620 | - | -€620 | |
| Current assets | 29/58 | €139,968 | €157,103 | +€17,135 | +12.2% |
| Amounts receivable within one year | 40/41 | €94,732 | €97,692 | +€2,959 | +3.1% |
| Trade receivables | 40 | €57,574 | €65,602 | +€8,029 | +13.9% |
| Other amounts receivable | 41 | €37,159 | €32,090 | -€5,069 | -13.6% |
| Cash at bank and in hand | 54/58 | €43,283 | €58,132 | +€14,849 | +34.3% |
| Deferred charges and accrued income | 490/1 | €1,953 | €1,280 | -€673 | -34.5% |
| Total equity and liabilities | 10/49 | €550,955 | €552,161 | +€1,206 | +0.2% |
| Equity | 10/15 | €156,053 | €185,707 | +€29,655 | +19.0% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €145,909 | €176,707 | +€30,798 | +21.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €144,049 | €174,847 | +€30,798 | +21.4% |
| Profit (loss) carried forward | 14 | €1,144 | - | -€1,144 | |
| Amounts payable | 17/49 | €394,903 | €366,454 | -€28,449 | -7.2% |
| Amounts payable after more than one year | 17 | €288,527 | €233,483 | -€55,045 | -19.1% |
| Financial debts | 170/4 | €287,267 | €231,983 | -€55,285 | -19.2% |
| Other amounts payable | 178/9 | €1,260 | €1,500 | +€240 | +19.0% |
| Amounts payable within one year | 42/48 | €106,375 | €132,971 | +€26,596 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €53,905 | €55,285 | +€1,380 | +2.6% |
| Financial debts | 43 | €4,617 | €2,285 | -€2,331 | -50.5% |
| Credit institutions | 430/8 | €4,617 | €2,285 | -€2,331 | -50.5% |
| Trade debts | 44 | €2,024 | €2,022 | -€2 | -0.1% |
| Suppliers | 440/4 | €2,024 | €2,022 | -€2 | -0.1% |
| Advances received on contracts in progress | 46 | €29,101 | €29,101 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €278 | €12,298 | +€12,020 | +4,322% |
| Taxes | 450/3 | €278 | €12,298 | +€12,020 | +4,322% |
| Other amounts payable | 47/48 | €16,451 | €31,980 | +€15,529 | +94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,526 | €17,481 | -€45 | -0.3% |
| Other operating charges | 640/8 | €3,147 | €3,434 | +€287 | +9.1% |
| Gross operating margin | 9900 | €44,522 | €61,830 | +€17,308 | +38.9% |
| Operating profit (loss) | 9901 | €23,849 | €40,915 | +€17,066 | +71.6% |
| Financial income | 75/76B | €1,113 | €52,636 | +€51,522 | +4,628% |
| Recurring financial income | 75 | €1,113 | €1,157 | +€43 | +3.9% |
| Non-recurring financial income | 76B | - | €51,479 | +€51,479 | |
| Financial charges | 65/66B | €8,373 | €7,412 | -€961 | -11.5% |
| Recurring financial charges | 65 | €8,373 | €7,412 | -€961 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €16,589 | €86,139 | +€69,550 | +419% |
| Income taxes | 67/77 | €5,460 | €24,734 | +€19,274 | +353% |
| Profit (loss) for the period | 9904 | €11,129 | €61,405 | +€50,276 | +452% |
| Profit (loss) for the period to be appropriated | 9905 | €11,129 | €61,405 | +€50,276 | +452% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.