SO+: 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.
SO+
Largest movements
- Receivables within one year +€22,047
up €22,047 (+113.6%), from €19,407 to €41,454
of which Trade receivables: +€17,424
- Cash -€11,335
down €11,335 (-98.6%), from €11,494 to €158
mainly Receivables within one year (-€22,047) and Tax, wage and social debts (-€6,531)
- Deferred charges and accrued income +€3,501
up €3,501 (+453.1%), from €773 to €4,274
- Financial fixed assets +€1,560
new in 2025: €1,560
- Tangible fixed assets -€696
down €696 (-69.9%), from €996 to €300
- Trade debts +€18,728
up €18,728 (+215.5%), from €8,691 to €27,419
- Tax, wage and social debts -€6,531
down €6,531 (-24.3%), from €26,921 to €20,390
of which Taxes: -€8,926
- Profit (loss) carried forward +€2,384
up €2,384 (+55.7%), from -€4,282 to -€1,899
- Gross operating margin +€34,027
up €34,027 (+572.2%), from €5,947 to €39,974
- Staff costs +€24,622
new in 2025: €24,622
- Other operating charges +€10,464
up €10,464 (+1817.3%), from €576 to €11,040
- Write-downs -€6,045
new in 2025: -€6,045
- Financial charges +€2,097
up €2,097 (+86.9%), from €2,414 to €4,511
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 | €33,329 | €48,185 | +€14,856 | +44.6% |
| Formation expenses | 20 | €660 | €440 | -€220 | -33.3% |
| Fixed assets | 21/28 | €996 | €1,860 | +€864 | +86.7% |
| Tangible fixed assets | 22/27 | €996 | €300 | -€696 | -69.9% |
| Furniture and vehicles | 24 | €996 | €300 | -€696 | -69.9% |
| Financial fixed assets | 28 | - | €1,560 | +€1,560 | |
| Current assets | 29/58 | €31,673 | €45,886 | +€14,212 | +44.9% |
| Amounts receivable within one year | 40/41 | €19,407 | €41,454 | +€22,047 | +113.6% |
| Trade receivables | 40 | €14,788 | €32,212 | +€17,424 | +117.8% |
| Other amounts receivable | 41 | €4,618 | €9,242 | +€4,623 | +100.1% |
| Cash at bank and in hand | 54/58 | €11,494 | €158 | -€11,335 | -98.6% |
| Deferred charges and accrued income | 490/1 | €773 | €4,274 | +€3,501 | +453.1% |
| Total equity and liabilities | 10/49 | €33,329 | €48,185 | +€14,856 | +44.6% |
| Equity | 10/15 | -€2,282 | €101 | +€2,384 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,282 | -€1,899 | +€2,384 | +55.7% |
| Amounts payable | 17/49 | €35,612 | €48,084 | +€12,473 | +35.0% |
| Amounts payable within one year | 42/48 | €35,612 | €48,084 | +€12,473 | +35.0% |
| Financial debts | 43 | - | €275 | +€275 | |
| Credit institutions | 430/8 | - | €275 | +€275 | |
| Trade debts | 44 | €8,691 | €27,419 | +€18,728 | +215.5% |
| Suppliers | 440/4 | €8,691 | €27,419 | +€18,728 | +215.5% |
| Taxes, remuneration and social security | 45 | €26,921 | €20,390 | -€6,531 | -24.3% |
| Taxes | 450/3 | €24,271 | €15,344 | -€8,926 | -36.8% |
| Remuneration and social security | 454/9 | €2,650 | €5,045 | +€2,395 | +90.4% |
| Remuneration, social security and pensions | 62 | - | €24,622 | +€24,622 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €916 | €916 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€6,045 | -€6,045 | |
| Other operating charges | 640/8 | €576 | €11,040 | +€10,464 | +1817.3% |
| Gross operating margin | 9900 | €5,947 | €39,974 | +€34,027 | +572.2% |
| Operating profit (loss) | 9901 | €4,455 | €9,441 | +€4,986 | +111.9% |
| Financial income | 75/76B | €256 | €473 | +€217 | +84.9% |
| Recurring financial income | 75 | €256 | €473 | +€217 | +84.9% |
| Financial charges | 65/66B | €2,414 | €4,511 | +€2,097 | +86.9% |
| Recurring financial charges | 65 | €2,414 | €4,511 | +€2,097 | +86.9% |
| Profit (loss) for the period before taxes | 9903 | €2,297 | €5,403 | +€3,106 | +135.2% |
| Income taxes | 67/77 | €2,208 | €3,020 | +€811 | +36.7% |
| Profit (loss) for the period | 9904 | €89 | €2,384 | +€2,295 | +2587.2% |
| Profit (loss) for the period to be appropriated | 9905 | €89 | €2,384 | +€2,295 | +2587.2% |
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 7 October 2026 via checked.be.