SJOLAA: 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.
SJOLAA
Largest movements
- Current investments +€81,743
up €81,743 (+61.3%), from €133,449 to €215,191
- Tangible fixed assets -€14,758
down €14,758 (-13.7%), from €108,093 to €93,334
of which Other tangible fixed assets: -€8,357
- Reserves +€67,006
up €67,006 (+27.9%), from €240,370 to €307,376
of which Distributable reserves: +€67,006
- Other debts -€16,334
down €16,334 (-40.8%), from €39,994 to €23,660
- Tax, wage and social debts +€15,770
up €15,770 (+42.8%), from €36,833 to €52,603
of which Taxes: +€17,069
- Gross operating margin +€28,749
up €28,749 (+18.1%), from €158,496 to €187,245
- Taxes +€6,305
up €6,305 (+19.1%), from €33,089 to €39,394
- Staff costs +€4,551
up €4,551 (+12.3%), from €36,936 to €41,487
- Depreciation +€2,607
up €2,607 (+10.9%), from €23,934 to €26,541
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 | €341,703 | €408,005 | +€66,302 | +19.4% |
| Fixed assets | 21/28 | €108,093 | €93,334 | -€14,758 | -13.7% |
| Tangible fixed assets | 22/27 | €108,093 | €93,334 | -€14,758 | -13.7% |
| Land and buildings | 22 | €3,174 | €6,529 | +€3,356 | +106% |
| Plant, machinery and equipment | 23 | €29,535 | €24,498 | -€5,037 | -17.1% |
| Furniture and vehicles | 24 | €28,753 | €24,033 | -€4,720 | -16.4% |
| Other tangible fixed assets | 26 | €46,631 | €38,274 | -€8,357 | -17.9% |
| Current assets | 29/58 | €233,610 | €314,670 | +€81,060 | +34.7% |
| Stocks and contracts in progress | 3 | €5,164 | €5,655 | +€491 | +9.5% |
| Stocks | 30/36 | €5,164 | €5,655 | +€491 | +9.5% |
| Amounts receivable within one year | 40/41 | €3,010 | €4,017 | +€1,006 | +33.4% |
| Trade receivables | 40 | €2,614 | €3,621 | +€1,006 | +38.5% |
| Other amounts receivable | 41 | €396 | €396 | = | 0.0% |
| Current investments | 50/53 | €133,449 | €215,191 | +€81,743 | +61.3% |
| Cash at bank and in hand | 54/58 | €91,487 | €89,306 | -€2,181 | -2.4% |
| Deferred charges and accrued income | 490/1 | €501 | €501 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €341,703 | €408,005 | +€66,302 | +19.4% |
| Equity | 10/15 | €258,970 | €325,976 | +€67,006 | +25.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €240,370 | €307,376 | +€67,006 | +27.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €13,869 | €13,869 | = | 0.0% |
| Distributable reserves | 133 | €226,501 | €293,507 | +€67,006 | +29.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €82,732 | €82,028 | -€704 | -0.9% |
| Amounts payable within one year | 42/48 | €82,732 | €82,028 | -€704 | -0.9% |
| Trade debts | 44 | €5,905 | €5,765 | -€140 | -2.4% |
| Suppliers | 440/4 | €5,905 | €5,765 | -€140 | -2.4% |
| Taxes, remuneration and social security | 45 | €36,833 | €52,603 | +€15,770 | +42.8% |
| Taxes | 450/3 | €30,543 | €47,612 | +€17,069 | +55.9% |
| Remuneration and social security | 454/9 | €6,290 | €4,991 | -€1,299 | -20.7% |
| Other amounts payable | 47/48 | €39,994 | €23,660 | -€16,334 | -40.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €36,936 | €41,487 | +€4,551 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,934 | €26,541 | +€2,607 | +10.9% |
| Other operating charges | 640/8 | €2,024 | €1,183 | -€841 | -41.6% |
| Gross operating margin | 9900 | €158,496 | €187,245 | +€28,749 | +18.1% |
| Operating profit (loss) | 9901 | €95,602 | €118,034 | +€22,432 | +23.5% |
| Financial income | 75/76B | €3,945 | €4,310 | +€365 | +9.2% |
| Recurring financial income | 75 | €3,945 | €4,310 | +€365 | +9.2% |
| Financial charges | 65/66B | €1,635 | €1,920 | +€285 | +17.4% |
| Recurring financial charges | 65 | €1,635 | €1,920 | +€285 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €97,912 | €120,424 | +€22,512 | +23.0% |
| Income taxes | 67/77 | €33,089 | €39,394 | +€6,305 | +19.1% |
| Profit (loss) for the period | 9904 | €64,823 | €81,030 | +€16,207 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,823 | €81,030 | +€16,207 | +25.0% |
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 27 October 2026 via checked.be.