So-Fo Lex: 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-Fo Lex
Largest movements
- Cash +€42,861
up €42,861 (+357.8%), from €11,981 to €54,842
mainly Current investments (+€28,000) and Net result for the year (+€21,002)
- Current investments -€28,000
no longer reported in 2025 (was €28,000)
- Receivables within one year +€6,093
up €6,093 (+39926.7%), from €15 to €6,108
of which Trade receivables: +€6,104
- Tangible fixed assets +€974
new in 2025: €974
- Reserves +€21,002
up €21,002 (+74.7%), from €28,134 to €49,136
- Other debts +€766
up €766 (+113.4%), from €676 to €1,442
- Gross operating margin +€5,163
up €5,163 (+23.9%), from €21,636 to €26,799
- Taxes +€1,192
up €1,192 (+23.8%), from €5,002 to €6,194
- Financial income +€925
new in 2025: €925
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 | €40,356 | €62,007 | +€21,652 | +53.7% |
| Fixed assets | 21/28 | - | €974 | +€974 | |
| Tangible fixed assets | 22/27 | - | €974 | +€974 | |
| Leasing and similar rights | 25 | - | €974 | +€974 | |
| Current assets | 29/58 | €40,356 | €61,033 | +€20,677 | +51.2% |
| Amounts receivable within one year | 40/41 | €15 | €6,108 | +€6,093 | +39926.7% |
| Trade receivables | 40 | €4 | €6,108 | +€6,104 | +143619.5% |
| Other amounts receivable | 41 | €11 | - | -€11 | |
| Current investments | 50/53 | €28,000 | - | -€28,000 | |
| Cash at bank and in hand | 54/58 | €11,981 | €54,842 | +€42,861 | +357.8% |
| Deferred charges and accrued income | 490/1 | €360 | €84 | -€276 | -76.8% |
| Total equity and liabilities | 10/49 | €40,356 | €62,007 | +€21,652 | +53.7% |
| Equity | 10/15 | €28,234 | €49,236 | +€21,002 | +74.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €28,134 | €49,136 | +€21,002 | +74.7% |
| Distributable reserves | 133 | €28,134 | €49,136 | +€21,002 | +74.7% |
| Amounts payable | 17/49 | €12,122 | €12,772 | +€650 | +5.4% |
| Amounts payable within one year | 42/48 | €12,122 | €12,772 | +€650 | +5.4% |
| Trade debts | 44 | - | €0 | +€0 | |
| Suppliers | 440/4 | - | €0 | +€0 | |
| Taxes, remuneration and social security | 45 | €11,446 | €11,330 | -€117 | -1.0% |
| Taxes | 450/3 | €11,446 | €11,330 | -€117 | -1.0% |
| Other amounts payable | 47/48 | €676 | €1,442 | +€766 | +113.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €190 | +€190 | |
| Other operating charges | 640/8 | €305 | €285 | -€20 | -6.5% |
| Gross operating margin | 9900 | €21,636 | €26,799 | +€5,163 | +23.9% |
| Operating profit (loss) | 9901 | €21,331 | €26,323 | +€4,992 | +23.4% |
| Financial income | 75/76B | - | €925 | +€925 | |
| Recurring financial income | 75 | - | €925 | +€925 | |
| Financial charges | 65/66B | €39 | €51 | +€12 | +31.0% |
| Recurring financial charges | 65 | €39 | €51 | +€12 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €21,292 | €27,196 | +€5,905 | +27.7% |
| Income taxes | 67/77 | €5,002 | €6,194 | +€1,192 | +23.8% |
| Profit (loss) for the period | 9904 | €16,290 | €21,002 | +€4,712 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,290 | €21,002 | +€4,712 | +28.9% |
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 11 October 2026 via checked.be.