SO.C.R.AT.E: 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.C.R.AT.E
Largest movements
- Receivables within one year +€811,771
up €811,771 (+290%), from €279,838 to €1.1m
of which Other amounts receivable: +€850,337
- Cash +€350,029
up €350,029 (+218%), from €160,713 to €510,741
mainly Net result for the year (+€1.2m) and Other debts (+€1.1m)
- Tangible fixed assets +€316,114
up €316,114 (+24.7%), from €1.3m to €1.6m
of which Land and buildings: +€343,720
- Current investments -€135,000
down €135,000 (-100%), from €135,000 to €0
- Other debts +€1.1m
up €1.1m (+544%), from €196,454 to €1.3m
- Debts after one year +€252,469
up €252,469 (+20.6%), from €1.2m to €1.5m
- Financial income +€981,209
up €981,209 (+311%), from €315,465 to €1.3m
- Other operating charges -€27,224
down €27,224 (-69.4%), from €39,216 to €11,992
- Gross operating margin +€13,068
up €13,068 (+8.3%), from €157,169 to €170,237
- Financial charges -€5,598
down €5,598 (-5.3%), from €105,263 to €99,666
- Staff costs +€2,271
up €2,271 (+15.5%), from €14,627 to €16,898
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,255,452 | €3,600,951 | +€1.3m | +59.7% |
| Fixed assets | 21/28 | €1,660,740 | €1,976,933 | +€316,194 | +19.0% |
| Tangible fixed assets | 22/27 | €1,279,423 | €1,595,537 | +€316,114 | +24.7% |
| Land and buildings | 22 | €1,197,066 | €1,540,786 | +€343,720 | +28.7% |
| Furniture and vehicles | 24 | €81,937 | €54,330 | -€27,606 | -33.7% |
| Other tangible fixed assets | 26 | €420 | €420 | = | 0.0% |
| Financial fixed assets | 28 | €381,317 | €381,397 | +€80 | 0.0% |
| Current assets | 29/58 | €594,713 | €1,624,018 | +€1.0m | +173% |
| Amounts receivable within one year | 40/41 | €279,838 | €1,091,609 | +€811,771 | +290% |
| Trade receivables | 40 | €98,838 | €60,272 | -€38,566 | -39.0% |
| Other amounts receivable | 41 | €181,000 | €1,031,337 | +€850,337 | +470% |
| Current investments | 50/53 | €135,000 | €0 | -€135,000 | -100% |
| Cash at bank and in hand | 54/58 | €160,713 | €510,741 | +€350,029 | +218% |
| Deferred charges and accrued income | 490/1 | €19,162 | €21,668 | +€2,506 | +13.1% |
| Total equity and liabilities | 10/49 | €2,255,452 | €3,600,951 | +€1.3m | +59.7% |
| Equity | 10/15 | €693,155 | €693,095 | -€61 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €673,860 | €673,860 | = | 0.0% |
| Distributable reserves | 133 | €673,860 | €673,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €695 | €635 | -€61 | -8.7% |
| Amounts payable | 17/49 | €1,562,297 | €2,907,856 | +€1.3m | +86.1% |
| Amounts payable after more than one year | 17 | €1,225,829 | €1,478,298 | +€252,469 | +20.6% |
| Financial debts | 170/4 | €1,225,829 | €1,478,298 | +€252,469 | +20.6% |
| Amounts payable within one year | 42/48 | €334,793 | €1,427,622 | +€1.1m | +326% |
| Current portion of amounts payable after more than one year | 42 | €115,376 | €139,051 | +€23,675 | +20.5% |
| Trade debts | 44 | €16,645 | €8,865 | -€7,780 | -46.7% |
| Suppliers | 440/4 | €16,645 | €8,865 | -€7,780 | -46.7% |
| Taxes, remuneration and social security | 45 | €6,317 | €14,086 | +€7,769 | +123% |
| Taxes | 450/3 | €6,317 | €13,307 | +€6,990 | +111% |
| Remuneration and social security | 454/9 | - | €779 | +€779 | |
| Other amounts payable | 47/48 | €196,454 | €1,265,620 | +€1.1m | +544% |
| Accrued charges and deferred income | 492/3 | €1,675 | €1,937 | +€261 | +15.6% |
| Remuneration, social security and pensions | 62 | €14,627 | €16,898 | +€2,271 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,348 | €115,301 | -€46 | 0.0% |
| Other operating charges | 640/8 | €39,216 | €11,992 | -€27,224 | -69.4% |
| Non-recurring operating charges | 66A | €2,365 | - | -€2,365 | |
| Gross operating margin | 9900 | €157,169 | €170,237 | +€13,068 | +8.3% |
| Operating profit (loss) | 9901 | -€14,386 | €26,046 | +€40,432 | |
| Financial income | 75/76B | €315,465 | €1,296,673 | +€981,209 | +311% |
| Recurring financial income | 75 | €315,465 | €1,296,673 | +€981,209 | +311% |
| Financial charges | 65/66B | €105,263 | €99,666 | -€5,598 | -5.3% |
| Recurring financial charges | 65 | €105,263 | €99,666 | -€5,598 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €195,815 | €1,223,053 | +€1.0m | +525% |
| Income taxes | 67/77 | €292 | €114 | -€178 | -61.0% |
| Profit (loss) for the period | 9904 | €195,523 | €1,222,939 | +€1.0m | +525% |
| Profit (loss) for the period to be appropriated | 9905 | €195,523 | €1,222,939 | +€1.0m | +525% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.