S.O.Y.: 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.
S.O.Y.
Largest movements
- Cash +€2,307
new in 2025: €2,307
mainly Tax, wage and social debts (+€22,711) and Net result for the year (+€11,609)
- Tangible fixed assets -€2,197
down €2,197 (-20.0%), from €11,012 to €8,814
- Deferred charges and accrued income -€328
down €328 (-38.0%), from €863 to €535
- Other debts -€35,706
down €35,706 (-100.0%), from €35,712 to €7
- Tax, wage and social debts +€22,711
up €22,711 (+107.1%), from €21,213 to €43,924
- Profit (loss) carried forward +€11,609
up €11,609 (+14.1%), from -€82,374 to -€70,765
- Short-term financial debts +€1,649
up €1,649 (+23.3%), from €7,089 to €8,738
- Trade debts -€766
down €766 (-6.2%), from €12,401 to €11,635
- Gross operating margin +€7,172
up €7,172 (+23.7%), from €30,313 to €37,485
- Depreciation -€6,408
down €6,408 (-63.5%), from €10,096 to €3,688
- Other operating charges -€1,205
down €1,205 (-27.9%), from €4,323 to €3,118
- Financial charges +€536
up €536 (+23.9%), from €2,242 to €2,778
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 | €12,643 | €12,440 | -€203 | -1.6% |
| Fixed assets | 21/28 | €11,612 | €9,414 | -€2,197 | -18.9% |
| Tangible fixed assets | 22/27 | €11,012 | €8,814 | -€2,197 | -20.0% |
| Land and buildings | 22 | €3,185 | €2,389 | -€796 | -25.0% |
| Plant, machinery and equipment | 23 | €5,386 | €4,927 | -€460 | -8.5% |
| Furniture and vehicles | 24 | €2,440 | €1,499 | -€941 | -38.6% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €1,031 | €3,025 | +€1,994 | +193.4% |
| Stocks and contracts in progress | 3 | €168 | €168 | = | 0.0% |
| Stocks | 30/36 | €168 | €168 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €15 | +€15 | |
| Other amounts receivable | 41 | - | €15 | +€15 | |
| Cash at bank and in hand | 54/58 | - | €2,307 | +€2,307 | |
| Deferred charges and accrued income | 490/1 | €863 | €535 | -€328 | -38.0% |
| Total equity and liabilities | 10/49 | €12,643 | €12,440 | -€203 | -1.6% |
| Equity | 10/15 | -€63,774 | -€52,165 | +€11,609 | +18.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,374 | -€70,765 | +€11,609 | +14.1% |
| Amounts payable | 17/49 | €76,417 | €64,604 | -€11,812 | -15.5% |
| Amounts payable within one year | 42/48 | €76,417 | €64,304 | -€12,112 | -15.9% |
| Financial debts | 43 | €7,089 | €8,738 | +€1,649 | +23.3% |
| Credit institutions | 430/8 | €7,089 | €8,738 | +€1,649 | +23.3% |
| Trade debts | 44 | €12,401 | €11,635 | -€766 | -6.2% |
| Suppliers | 440/4 | €12,401 | €11,635 | -€766 | -6.2% |
| Taxes, remuneration and social security | 45 | €21,213 | €43,924 | +€22,711 | +107.1% |
| Taxes | 450/3 | €21,213 | €43,924 | +€22,711 | +107.1% |
| Other amounts payable | 47/48 | €35,712 | €7 | -€35,706 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,096 | €3,688 | -€6,408 | -63.5% |
| Other operating charges | 640/8 | €4,323 | €3,118 | -€1,205 | -27.9% |
| Non-recurring operating charges | 66A | - | €16,293 | +€16,293 | |
| Gross operating margin | 9900 | €30,313 | €37,485 | +€7,172 | +23.7% |
| Operating profit (loss) | 9901 | €15,895 | €14,387 | -€1,507 | -9.5% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €2,242 | €2,778 | +€536 | +23.9% |
| Recurring financial charges | 65 | €2,242 | €2,778 | +€536 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | €13,655 | €11,609 | -€2,046 | -15.0% |
| Profit (loss) for the period | 9904 | €13,655 | €11,609 | -€2,046 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,655 | €11,609 | -€2,046 | -15.0% |
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 8 October 2026 via checked.be.