SO-FIT: 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-FIT
Largest movements
- Tangible fixed assets -€51,488
down €51,488 (-6.7%), from €765,926 to €714,438
of which Land and buildings: -€41,301
- Cash -€30,981
down €30,981 (-80.1%), from €38,687 to €7,706
mainly Net result for the year (-€48,386) and Debts after one year (-€22,716)
- Receivables after one year +€17,247
up €17,247 (+25.5%), from €67,630 to €84,877
- Profit (loss) carried forward -€40,241
down €40,241 (-80.2%), from -€50,164 to -€90,404
- Debts after one year -€22,716
down €22,716 (-3.6%), from €636,866 to €614,151
- Current portion of long-term debt +€21,684
up €21,684 (+57.5%), from €37,706 to €59,390
- Tax, wage and social debts -€11,409
down €11,409 (-65.0%), from €17,561 to €6,153
of which Taxes: -€11,010
- Other operating charges +€58,226
up €58,226 (+807%), from €7,217 to €65,442
- Staff costs +€10,349
up €10,349 (+193%), from €5,374 to €15,723
- Financial charges +€3,188
up €3,188 (+17.9%), from €17,803 to €20,991
- Gross operating margin -€2,851
down €2,851 (-2.8%), from €102,513 to €99,662
- Financial income +€1,263
up €1,263 (+70.1%), from €1,803 to €3,066
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 | €874,957 | €811,315 | -€63,642 | -7.3% |
| Fixed assets | 21/28 | €768,074 | €716,586 | -€51,488 | -6.7% |
| Tangible fixed assets | 22/27 | €765,926 | €714,438 | -€51,488 | -6.7% |
| Land and buildings | 22 | €735,489 | €694,188 | -€41,301 | -5.6% |
| Plant, machinery and equipment | 23 | €4,248 | €2,907 | -€1,341 | -31.6% |
| Furniture and vehicles | 24 | €2,740 | €2,041 | -€700 | -25.5% |
| Leasing and similar rights | 25 | €19,231 | €13,046 | -€6,184 | -32.2% |
| Other tangible fixed assets | 26 | €4,218 | €2,256 | -€1,962 | -46.5% |
| Financial fixed assets | 28 | €2,148 | €2,148 | = | 0.0% |
| Current assets | 29/58 | €106,884 | €94,730 | -€12,154 | -11.4% |
| Amounts receivable after more than one year | 29 | €67,630 | €84,877 | +€17,247 | +25.5% |
| Other amounts receivable | 291 | €67,630 | €84,877 | +€17,247 | +25.5% |
| Amounts receivable within one year | 40/41 | €566 | €2,069 | +€1,503 | +265% |
| Trade receivables | 40 | €506 | €1,982 | +€1,476 | +291% |
| Other amounts receivable | 41 | €60 | €88 | +€28 | +45.9% |
| Cash at bank and in hand | 54/58 | €38,687 | €7,706 | -€30,981 | -80.1% |
| Deferred charges and accrued income | 490/1 | €0 | €78 | +€78 | |
| Total equity and liabilities | 10/49 | €874,957 | €811,315 | -€63,642 | -7.3% |
| Equity | 10/15 | €125,043 | €76,657 | -€48,386 | -38.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €156,614 | €148,469 | -€8,145 | -5.2% |
| Tax-exempt reserves | 132 | €154,755 | €146,610 | -€8,145 | -5.3% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,164 | -€90,404 | -€40,241 | -80.2% |
| Provisions and deferred taxes | 16 | €51,585 | €48,870 | -€2,715 | -5.3% |
| Deferred taxes | 168 | €51,585 | €48,870 | -€2,715 | -5.3% |
| Amounts payable | 17/49 | €698,330 | €685,789 | -€12,541 | -1.8% |
| Amounts payable after more than one year | 17 | €636,866 | €614,151 | -€22,716 | -3.6% |
| Financial debts | 170/4 | €636,866 | €614,151 | -€22,716 | -3.6% |
| Amounts payable within one year | 42/48 | €61,463 | €70,638 | +€9,175 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €37,706 | €59,390 | +€21,684 | +57.5% |
| Trade debts | 44 | €6,196 | €5,096 | -€1,100 | -17.8% |
| Suppliers | 440/4 | €6,196 | €5,096 | -€1,100 | -17.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €17,561 | €6,153 | -€11,409 | -65.0% |
| Taxes | 450/3 | €16,503 | €5,493 | -€11,010 | -66.7% |
| Remuneration and social security | 454/9 | €1,058 | €659 | -€399 | -37.7% |
| Accrued charges and deferred income | 492/3 | €0 | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €5,374 | €15,723 | +€10,349 | +193% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,893 | €51,488 | +€594 | +1.2% |
| Other operating charges | 640/8 | €7,217 | €65,442 | +€58,226 | +807% |
| Gross operating margin | 9900 | €102,513 | €99,662 | -€2,851 | -2.8% |
| Operating profit (loss) | 9901 | €39,029 | -€32,991 | -€72,020 | |
| Financial income | 75/76B | €1,803 | €3,066 | +€1,263 | +70.1% |
| Recurring financial income | 75 | €1,803 | €3,066 | +€1,263 | +70.1% |
| Financial charges | 65/66B | €17,803 | €20,991 | +€3,188 | +17.9% |
| Recurring financial charges | 65 | €17,803 | €20,991 | +€3,188 | +17.9% |
| Profit (loss) for the period before taxes | 9903 | €23,029 | -€50,916 | -€73,945 | |
| Transfer from deferred taxes | 780 | €2,715 | €2,715 | = | 0.0% |
| Income taxes | 67/77 | €245 | €185 | -€59 | -24.3% |
| Profit (loss) for the period | 9904 | €25,500 | -€48,386 | -€73,886 | |
| Transfer from tax-exempt reserves | 789 | €8,145 | €8,145 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,645 | -€40,241 | -€73,886 |
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 16 October 2026 via checked.be.