SO GOOD LIEGE: 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 GOOD LIEGE
Largest movements
- Tangible fixed assets -€37,531
no longer reported in 2025 (was €37,531)
- Cash -€15,284
down €15,284 (-100.0%), from €15,287 to €3
mainly Debts after one year (-€20,677) and Receivables within one year (-€15,180)
- Receivables within one year +€15,180
up €15,180 (+82.8%), from €18,323 to €33,504
of which Other amounts receivable: +€25,637
- Formation expenses -€1,794
down €1,794 (-31.4%), from €5,720 to €3,927
- Deferred charges and accrued income -€1,549
down €1,549 (-86.1%), from €1,799 to €250
- Debts after one year -€20,677
no longer reported in 2025 (was €20,677)
- Current portion of long-term debt -€10,405
no longer reported in 2025 (was €10,405)
- Tax, wage and social debts -€6,516
down €6,516 (-47.4%), from €13,734 to €7,218
of which Taxes: -€6,073
- Profit (loss) carried forward -€2,845
down €2,845 (-10.6%), from -€26,870 to -€29,714
- Gross operating margin -€13,647
down €13,647 (-45.7%), from €29,876 to €16,229
- Depreciation -€9,025
down €9,025 (-45.4%), from €19,859 to €10,834
- Other operating charges -€8,982
down €8,982 (-84.2%), from €10,664 to €1,682
- Staff costs -€7,091
down €7,091, from €6,647 to -€443
- Financial charges +€1,722
up €1,722 (+49.2%), from €3,501 to €5,223
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 | €78,660 | €37,684 | -€40,977 | -52.1% |
| Formation expenses | 20 | €5,720 | €3,927 | -€1,794 | -31.4% |
| Fixed assets | 21/28 | €37,531 | - | -€37,531 | |
| Tangible fixed assets | 22/27 | €37,531 | - | -€37,531 | |
| Furniture and vehicles | 24 | €37,531 | - | -€37,531 | |
| Current assets | 29/58 | €35,409 | €33,757 | -€1,652 | -4.7% |
| Amounts receivable within one year | 40/41 | €18,323 | €33,504 | +€15,180 | +82.8% |
| Trade receivables | 40 | €10,457 | - | -€10,457 | |
| Other amounts receivable | 41 | €7,866 | €33,504 | +€25,637 | +326% |
| Cash at bank and in hand | 54/58 | €15,287 | €3 | -€15,284 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,799 | €250 | -€1,549 | -86.1% |
| Total equity and liabilities | 10/49 | €78,660 | €37,684 | -€40,977 | -52.1% |
| Equity | 10/15 | €33,130 | €30,286 | -€2,845 | -8.6% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,870 | -€29,714 | -€2,845 | -10.6% |
| Amounts payable | 17/49 | €45,530 | €7,398 | -€38,132 | -83.8% |
| Amounts payable after more than one year | 17 | €20,677 | - | -€20,677 | |
| Financial debts | 170/4 | €20,677 | - | -€20,677 | |
| Amounts payable within one year | 42/48 | €24,853 | €7,398 | -€17,454 | -70.2% |
| Current portion of amounts payable after more than one year | 42 | €10,405 | - | -€10,405 | |
| Trade debts | 44 | - | €181 | +€181 | |
| Suppliers | 440/4 | - | €181 | +€181 | |
| Taxes, remuneration and social security | 45 | €13,734 | €7,218 | -€6,516 | -47.4% |
| Taxes | 450/3 | €13,291 | €7,218 | -€6,073 | -45.7% |
| Remuneration and social security | 454/9 | €443 | - | -€443 | |
| Other amounts payable | 47/48 | €713 | - | -€713 | |
| Remuneration, social security and pensions | 62 | €6,647 | -€443 | -€7,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,859 | €10,834 | -€9,025 | -45.4% |
| Other operating charges | 640/8 | €10,664 | €1,682 | -€8,982 | -84.2% |
| Gross operating margin | 9900 | €29,876 | €16,229 | -€13,647 | -45.7% |
| Operating profit (loss) | 9901 | -€7,294 | €4,156 | +€11,450 | |
| Financial charges | 65/66B | €3,501 | €5,223 | +€1,722 | +49.2% |
| Recurring financial charges | 65 | €3,501 | €5,223 | +€1,722 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,795 | -€1,067 | +€9,728 | +90.1% |
| Income taxes | 67/77 | €524 | €1,778 | +€1,254 | +239% |
| Profit (loss) for the period | 9904 | -€11,319 | -€2,845 | +€8,474 | +74.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,319 | -€2,845 | +€8,474 | +74.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.