SO FINANCE: 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 FINANCE
Largest movements
- Receivables within one year +€10,834
up €10,834 (+86.8%), from €12,481 to €23,315
of which Trade receivables: +€8,562
- Tangible fixed assets -€4,820
down €4,820 (-42.4%), from €11,375 to €6,555
- Deferred charges and accrued income -€4,643
down €4,643 (-31.1%), from €14,931 to €10,287
- Cash -€1,922
down €1,922 (-3.8%), from €50,008 to €48,087
mainly Receivables within one year (-€10,834) and Debts after one year (-€5,729)
- Profit (loss) carried forward +€9,882
up €9,882 (+19.8%), from €49,885 to €59,767
- Debts after one year -€5,729
down €5,729 (-22.9%), from €25,058 to €19,329
- Tax, wage and social debts -€4,559
no longer reported in 2025 (was €4,559)
- Gross operating margin -€8,883
down €8,883 (-30.7%), from €28,966 to €20,082
- Taxes -€1,831
down €1,831 (-40.2%), from €4,559 to €2,728
- Other operating charges -€981
down €981 (-60.2%), from €1,629 to €648
- Financial charges -€686
down €686 (-28.6%), from €2,404 to €1,717
- Depreciation +€677
up €677 (+15.3%), from €4,429 to €5,106
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 | €89,045 | €88,495 | -€550 | -0.6% |
| Fixed assets | 21/28 | €11,625 | €6,805 | -€4,820 | -41.5% |
| Tangible fixed assets | 22/27 | €11,375 | €6,555 | -€4,820 | -42.4% |
| Furniture and vehicles | 24 | €11,375 | €6,555 | -€4,820 | -42.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €77,420 | €81,689 | +€4,269 | +5.5% |
| Amounts receivable within one year | 40/41 | €12,481 | €23,315 | +€10,834 | +86.8% |
| Trade receivables | 40 | €12,481 | €21,043 | +€8,562 | +68.6% |
| Other amounts receivable | 41 | - | €2,272 | +€2,272 | |
| Cash at bank and in hand | 54/58 | €50,008 | €48,087 | -€1,922 | -3.8% |
| Deferred charges and accrued income | 490/1 | €14,931 | €10,287 | -€4,643 | -31.1% |
| Total equity and liabilities | 10/49 | €89,045 | €88,495 | -€550 | -0.6% |
| Equity | 10/15 | €52,885 | €62,767 | +€9,882 | +18.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,885 | €59,767 | +€9,882 | +19.8% |
| Amounts payable | 17/49 | €36,160 | €25,727 | -€10,433 | -28.9% |
| Amounts payable after more than one year | 17 | €25,058 | €19,329 | -€5,729 | -22.9% |
| Financial debts | 170/4 | €25,058 | €19,329 | -€5,729 | -22.9% |
| Amounts payable within one year | 42/48 | €11,102 | €6,398 | -€4,704 | -42.4% |
| Current portion of amounts payable after more than one year | 42 | €5,405 | €5,729 | +€324 | +6.0% |
| Trade debts | 44 | €124 | - | -€124 | |
| Suppliers | 440/4 | €124 | - | -€124 | |
| Taxes, remuneration and social security | 45 | €4,559 | - | -€4,559 | |
| Taxes | 450/3 | €4,559 | - | -€4,559 | |
| Other amounts payable | 47/48 | €1,013 | €669 | -€344 | -34.0% |
| Non-recurring operating income | 76A | €13,970 | - | -€13,970 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,429 | €5,106 | +€677 | +15.3% |
| Other operating charges | 640/8 | €1,629 | €648 | -€981 | -60.2% |
| Gross operating margin | 9900 | €28,966 | €20,082 | -€8,883 | -30.7% |
| Operating profit (loss) | 9901 | €22,908 | €14,328 | -€8,580 | -37.5% |
| Financial charges | 65/66B | €2,404 | €1,717 | -€686 | -28.6% |
| Recurring financial charges | 65 | €2,404 | €1,717 | -€686 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €20,504 | €12,610 | -€7,894 | -38.5% |
| Income taxes | 67/77 | €4,559 | €2,728 | -€1,831 | -40.2% |
| Profit (loss) for the period | 9904 | €15,945 | €9,882 | -€6,062 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,945 | €9,882 | -€6,062 | -38.0% |
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 23 October 2026 via checked.be.