SO design agency: 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 design agency
Largest movements
- Cash -€15,752
down €15,752 (-10.9%), from €144,320 to €128,568
mainly Net result for the year (-€14,617) and Trade debts (-€13,694)
- Receivables within one year -€10,082
down €10,082 (-80.6%), from €12,515 to €2,433
of which Trade receivables: -€8,943
- Tangible fixed assets -€7,551
down €7,551 (-27.2%), from €27,739 to €20,188
of which Land and buildings: -€4,183
- Stocks and contracts -€3,410
down €3,410 (-27.5%), from €12,390 to €8,980
of which Contracts in progress: -€5,975
- Profit (loss) carried forward -€14,617
down €14,617 (-41.4%), from -€35,265 to -€49,882
- Trade debts -€13,694
down €13,694 (-89.8%), from €15,244 to €1,550
- Other debts -€10,117
down €10,117 (-8.1%), from €124,938 to €114,821
- Gross operating margin +€7,578
up €7,578 (+67.5%), from -€11,223 to -€3,645
- Depreciation -€1,092
down €1,092 (-11.5%), from €9,521 to €8,428
- Other operating charges +€352
up €352 (+14.9%), from €2,351 to €2,703
- Financial income +€160
up €160 (+31.7%), from €504 to €664
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 | €198,916 | €160,169 | -€38,746 | -19.5% |
| Fixed assets | 21/28 | €27,739 | €20,188 | -€7,551 | -27.2% |
| Tangible fixed assets | 22/27 | €27,739 | €20,188 | -€7,551 | -27.2% |
| Land and buildings | 22 | €9,618 | €5,435 | -€4,183 | -43.5% |
| Plant, machinery and equipment | 23 | €5,372 | €4,965 | -€407 | -7.6% |
| Furniture and vehicles | 24 | €12,749 | €9,788 | -€2,961 | -23.2% |
| Current assets | 29/58 | €171,177 | €139,981 | -€31,195 | -18.2% |
| Stocks and contracts in progress | 3 | €12,390 | €8,980 | -€3,410 | -27.5% |
| Stocks | 30/36 | €6,415 | €8,980 | +€2,565 | +40.0% |
| Contracts in progress | 37 | €5,975 | - | -€5,975 | |
| Amounts receivable within one year | 40/41 | €12,515 | €2,433 | -€10,082 | -80.6% |
| Trade receivables | 40 | €8,943 | - | -€8,943 | |
| Other amounts receivable | 41 | €3,572 | €2,433 | -€1,139 | -31.9% |
| Cash at bank and in hand | 54/58 | €144,320 | €128,568 | -€15,752 | -10.9% |
| Deferred charges and accrued income | 490/1 | €1,952 | - | -€1,952 | |
| Total equity and liabilities | 10/49 | €198,916 | €160,169 | -€38,746 | -19.5% |
| Equity | 10/15 | €58,242 | €43,625 | -€14,617 | -25.1% |
| Contributions | 10/11 | €12,397 | €12,397 | = | 0.0% |
| Reserves | 13 | €81,110 | €81,110 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €69,250 | €69,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,265 | -€49,882 | -€14,617 | -41.4% |
| Amounts payable | 17/49 | €140,674 | €116,544 | -€24,129 | -17.2% |
| Amounts payable within one year | 42/48 | €140,674 | €116,544 | -€24,129 | -17.2% |
| Trade debts | 44 | €15,244 | €1,550 | -€13,694 | -89.8% |
| Suppliers | 440/4 | €15,244 | €1,550 | -€13,694 | -89.8% |
| Taxes, remuneration and social security | 45 | €492 | €173 | -€319 | -64.8% |
| Taxes | 450/3 | €492 | €173 | -€319 | -64.8% |
| Other amounts payable | 47/48 | €124,938 | €114,821 | -€10,117 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,521 | €8,428 | -€1,092 | -11.5% |
| Other operating charges | 640/8 | €2,351 | €2,703 | +€352 | +14.9% |
| Gross operating margin | 9900 | -€11,223 | -€3,645 | +€7,578 | +67.5% |
| Operating profit (loss) | 9901 | -€23,095 | -€14,776 | +€8,319 | +36.0% |
| Financial income | 75/76B | €504 | €664 | +€160 | +31.7% |
| Recurring financial income | 75 | €504 | €664 | +€160 | +31.7% |
| Financial charges | 65/66B | €127 | €134 | +€6 | +4.8% |
| Recurring financial charges | 65 | €127 | €134 | +€6 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | -€22,719 | -€14,246 | +€8,472 | +37.3% |
| Income taxes | 67/77 | €318 | €371 | +€53 | +16.6% |
| Profit (loss) for the period | 9904 | -€23,036 | -€14,617 | +€8,420 | +36.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,036 | -€14,617 | +€8,420 | +36.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.