SO AND SO MANAGEMENT: 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.
SO AND SO MANAGEMENT
Largest movements
- Tangible fixed assets -€12,812
down €12,812 (-7.9%), from €162,371 to €149,560
of which Land and buildings: -€7,957
- Debts after one year -€16,320
down €16,320 (-7.3%), from €222,562 to €206,242
- Profit (loss) carried forward -€9,777
down €9,777 (-6.7%), from -€145,566 to -€155,343
- Other debts +€6,024
up €6,024 (+9.4%), from €64,283 to €70,307
- Tax, wage and social debts +€5,583
up €5,583 (+98.2%), from €5,686 to €11,269
of which Remuneration and social security: +€8,901
- Gross operating margin +€13,555
up €13,555 (+25.5%), from €53,126 to €66,681
- Staff costs +€12,389
up €12,389 (+26.9%), from €46,029 to €58,418
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 | €186,093 | €171,709 | -€14,385 | -7.7% |
| Fixed assets | 21/28 | €162,371 | €149,560 | -€12,812 | -7.9% |
| Tangible fixed assets | 22/27 | €162,371 | €149,560 | -€12,812 | -7.9% |
| Land and buildings | 22 | €124,066 | €116,109 | -€7,957 | -6.4% |
| Furniture and vehicles | 24 | €746 | €443 | -€303 | -40.6% |
| Other tangible fixed assets | 26 | €37,560 | €33,008 | -€4,552 | -12.1% |
| Current assets | 29/58 | €23,722 | €22,149 | -€1,573 | -6.6% |
| Amounts receivable within one year | 40/41 | €7,105 | €6,785 | -€320 | -4.5% |
| Trade receivables | 40 | €7,105 | €6,100 | -€1,005 | -14.1% |
| Other amounts receivable | 41 | - | €685 | +€685 | |
| Cash at bank and in hand | 54/58 | €16,617 | €15,364 | -€1,253 | -7.5% |
| Total equity and liabilities | 10/49 | €186,093 | €171,709 | -€14,385 | -7.7% |
| Equity | 10/15 | -€137,506 | -€147,283 | -€9,777 | -7.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,566 | -€155,343 | -€9,777 | -6.7% |
| Amounts payable | 17/49 | €323,599 | €318,992 | -€4,607 | -1.4% |
| Amounts payable after more than one year | 17 | €222,562 | €206,242 | -€16,320 | -7.3% |
| Financial debts | 170/4 | €222,562 | €206,242 | -€16,320 | -7.3% |
| Amounts payable within one year | 42/48 | €101,037 | €112,749 | +€11,712 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €15,990 | €16,320 | +€329 | +2.1% |
| Trade debts | 44 | €15,078 | €14,854 | -€224 | -1.5% |
| Suppliers | 440/4 | €15,078 | €14,854 | -€224 | -1.5% |
| Taxes, remuneration and social security | 45 | €5,686 | €11,269 | +€5,583 | +98.2% |
| Taxes | 450/3 | €3,318 | - | -€3,318 | |
| Remuneration and social security | 454/9 | €2,368 | €11,269 | +€8,901 | +376% |
| Other amounts payable | 47/48 | €64,283 | €70,307 | +€6,024 | +9.4% |
| Remuneration, social security and pensions | 62 | €46,029 | €58,418 | +€12,389 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,147 | €12,812 | -€336 | -2.6% |
| Other operating charges | 640/8 | €918 | €436 | -€483 | -52.5% |
| Gross operating margin | 9900 | €53,126 | €66,681 | +€13,555 | +25.5% |
| Operating profit (loss) | 9901 | -€6,969 | -€4,985 | +€1,984 | +28.5% |
| Financial charges | 65/66B | €5,158 | €4,792 | -€365 | -7.1% |
| Recurring financial charges | 65 | €5,158 | €4,792 | -€365 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,127 | -€9,777 | +€2,350 | +19.4% |
| Profit (loss) for the period | 9904 | -€12,127 | -€9,777 | +€2,350 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,127 | -€9,777 | +€2,350 | +19.4% |
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 30 October 2026 via checked.be.