So Fin: 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 Fin
Largest movements
- Cash +€36,941
up €36,941 (+41.1%), from €89,808 to €126,749
mainly Net result for the year (+€32,034) and Depreciation (+€9,381)
- Tangible fixed assets -€9,381
down €9,381 (-24.4%), from €38,403 to €29,022
of which Furniture and vehicles: -€9,004
- Reserves +€32,034
up €32,034 (+29.9%), from €107,265 to €139,298
- Tax, wage and social debts -€2,354
down €2,354 (-6.5%), from €36,226 to €33,872
- Gross operating margin -€29,668
down €29,668 (-37.1%), from €79,865 to €50,197
- Taxes -€6,155
down €6,155 (-41.5%), from €14,845 to €8,691
- Depreciation +€1,796
up €1,796 (+23.7%), from €7,585 to €9,381
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 | €147,517 | €175,688 | +€28,172 | +19.1% |
| Fixed assets | 21/28 | €38,403 | €29,022 | -€9,381 | -24.4% |
| Tangible fixed assets | 22/27 | €38,403 | €29,022 | -€9,381 | -24.4% |
| Plant, machinery and equipment | 23 | €589 | €213 | -€377 | -63.9% |
| Furniture and vehicles | 24 | €37,813 | €28,809 | -€9,004 | -23.8% |
| Current assets | 29/58 | €109,114 | €146,667 | +€37,553 | +34.4% |
| Amounts receivable within one year | 40/41 | €18,520 | €19,118 | +€598 | +3.2% |
| Trade receivables | 40 | €18,520 | €19,118 | +€598 | +3.2% |
| Cash at bank and in hand | 54/58 | €89,808 | €126,749 | +€36,941 | +41.1% |
| Deferred charges and accrued income | 490/1 | €786 | €800 | +€13 | +1.7% |
| Total equity and liabilities | 10/49 | €147,517 | €175,688 | +€28,172 | +19.1% |
| Equity | 10/15 | €109,765 | €141,798 | +€32,034 | +29.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €107,265 | €139,298 | +€32,034 | +29.9% |
| Distributable reserves | 133 | €107,265 | €139,298 | +€32,034 | +29.9% |
| Amounts payable | 17/49 | €37,752 | €33,890 | -€3,862 | -10.2% |
| Amounts payable within one year | 42/48 | €37,752 | €33,890 | -€3,862 | -10.2% |
| Trade debts | 44 | €1,526 | €16 | -€1,509 | -98.9% |
| Suppliers | 440/4 | €1,526 | €16 | -€1,509 | -98.9% |
| Taxes, remuneration and social security | 45 | €36,226 | €33,872 | -€2,354 | -6.5% |
| Taxes | 450/3 | €36,226 | €33,872 | -€2,354 | -6.5% |
| Other amounts payable | 47/48 | - | €2 | +€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,585 | €9,381 | +€1,796 | +23.7% |
| Other operating charges | 640/8 | €397 | €354 | -€44 | -11.0% |
| Gross operating margin | 9900 | €79,865 | €50,197 | -€29,668 | -37.1% |
| Operating profit (loss) | 9901 | €71,883 | €40,463 | -€31,420 | -43.7% |
| Financial income | 75/76B | €85 | €333 | +€248 | +290.6% |
| Recurring financial income | 75 | €85 | €333 | +€248 | +290.6% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €71,901 | €40,724 | -€31,177 | -43.4% |
| Income taxes | 67/77 | €14,845 | €8,691 | -€6,155 | -41.5% |
| Profit (loss) for the period | 9904 | €57,056 | €32,034 | -€25,022 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,056 | €32,034 | -€25,022 | -43.9% |
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 3 October 2026 via checked.be.