SO ESO: 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 ESO
Largest movements
- Receivables within one year +€2,752
up €2,752 (+548.7%), from €502 to €3,254
of which Trade receivables: +€2,554
- Tangible fixed assets -€2,520
down €2,520 (-27.3%), from €9,240 to €6,720
- Cash -€1,685
down €1,685 (-11.0%), from €15,316 to €13,631
mainly Net result for the year (-€4,950) and Receivables within one year (-€2,752)
- Profit (loss) carried forward -€4,950
down €4,950, from €2,642 to -€2,308
- Trade debts +€3,299
up €3,299 (+1117.4%), from €295 to €3,594
- Accrued charges and deferred income +€1,050
new in 2025: €1,050
- Gross operating margin -€11,665
down €11,665, from €9,606 to -€2,059
- Depreciation -€2,396
down €2,396 (-48.7%), from €4,916 to €2,520
- Taxes -€894
down €894, from €695 to -€199
- Other operating charges -€507
down €507 (-52.1%), from €972 to €465
- Financial income +€241
up €241 (+202.3%), from €119 to €360
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 | €80,511 | €79,816 | -€695 | -0.9% |
| Fixed assets | 21/28 | €9,240 | €6,720 | -€2,520 | -27.3% |
| Tangible fixed assets | 22/27 | €9,240 | €6,720 | -€2,520 | -27.3% |
| Plant, machinery and equipment | 23 | €9,240 | €6,720 | -€2,520 | -27.3% |
| Current assets | 29/58 | €71,271 | €73,096 | +€1,825 | +2.6% |
| Stocks and contracts in progress | 3 | €54,404 | €54,828 | +€424 | +0.8% |
| Stocks | 30/36 | €54,404 | €54,828 | +€424 | +0.8% |
| Amounts receivable within one year | 40/41 | €502 | €3,254 | +€2,752 | +548.7% |
| Trade receivables | 40 | €194 | €2,748 | +€2,554 | +1318.2% |
| Other amounts receivable | 41 | €308 | €506 | +€199 | +64.5% |
| Cash at bank and in hand | 54/58 | €15,316 | €13,631 | -€1,685 | -11.0% |
| Deferred charges and accrued income | 490/1 | €1,050 | €1,383 | +€333 | +31.7% |
| Total equity and liabilities | 10/49 | €80,511 | €79,816 | -€695 | -0.9% |
| Equity | 10/15 | €6,642 | €1,692 | -€4,950 | -74.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,642 | -€2,308 | -€4,950 | |
| Amounts payable | 17/49 | €73,869 | €78,124 | +€4,255 | +5.8% |
| Amounts payable within one year | 42/48 | €73,869 | €77,074 | +€3,205 | +4.3% |
| Trade debts | 44 | €295 | €3,594 | +€3,299 | +1117.4% |
| Suppliers | 440/4 | €295 | €3,594 | +€3,299 | +1117.4% |
| Taxes, remuneration and social security | 45 | €1,617 | €1,592 | -€25 | -1.6% |
| Taxes | 450/3 | €1,617 | €1,592 | -€25 | -1.6% |
| Other amounts payable | 47/48 | €71,957 | €71,889 | -€69 | -0.1% |
| Accrued charges and deferred income | 492/3 | - | €1,050 | +€1,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,916 | €2,520 | -€2,396 | -48.7% |
| Other operating charges | 640/8 | €972 | €465 | -€507 | -52.1% |
| Gross operating margin | 9900 | €9,606 | -€2,059 | -€11,665 | |
| Operating profit (loss) | 9901 | €3,718 | -€5,044 | -€8,762 | |
| Financial income | 75/76B | €119 | €360 | +€241 | +202.3% |
| Recurring financial income | 75 | €119 | €360 | +€241 | +202.3% |
| Financial charges | 65/66B | €500 | €464 | -€36 | -7.3% |
| Recurring financial charges | 65 | €500 | €464 | -€36 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €3,337 | -€5,149 | -€8,485 | |
| Income taxes | 67/77 | €695 | -€199 | -€894 | |
| Profit (loss) for the period | 9904 | €2,642 | -€4,950 | -€7,592 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,642 | -€4,950 | -€7,592 |
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 5 October 2026 via checked.be.