SO-HIN: 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-HIN
Largest movements
- Tangible fixed assets -€30,779
down €30,779 (-2.9%), from €1.1m to €1.0m
of which Land and buildings: -€31,815
- Other debts -€47,580
down €47,580 (-18.2%), from €261,898 to €214,318
- Reserves +€30,099
up €30,099 (+10.0%), from €299,690 to €329,789
of which Distributable reserves: +€30,099
- Gross operating margin -€22,733
down €22,733 (-14.2%), from €160,219 to €137,487
- Taxes -€5,625
down €5,625 (-19.2%), from €29,338 to €23,713
- Financial charges -€3,757
down €3,757 (-20.9%), from €17,947 to €14,189
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 | €1,167,662 | €1,140,741 | -€26,921 | -2.3% |
| Fixed assets | 21/28 | €1,050,424 | €1,019,645 | -€30,779 | -2.9% |
| Tangible fixed assets | 22/27 | €1,050,324 | €1,019,545 | -€30,779 | -2.9% |
| Land and buildings | 22 | €1,040,836 | €1,009,021 | -€31,815 | -3.1% |
| Plant, machinery and equipment | 23 | - | €2,983 | +€2,983 | |
| Furniture and vehicles | 24 | €9,488 | €7,541 | -€1,947 | -20.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €117,238 | €121,095 | +€3,858 | +3.3% |
| Amounts receivable within one year | 40/41 | €34,371 | €34,243 | -€128 | -0.4% |
| Trade receivables | 40 | €34,364 | €34,243 | -€121 | -0.4% |
| Other amounts receivable | 41 | €6 | - | -€6 | |
| Cash at bank and in hand | 54/58 | €80,248 | €80,689 | +€440 | +0.5% |
| Deferred charges and accrued income | 490/1 | €2,619 | €6,164 | +€3,545 | +135.4% |
| Total equity and liabilities | 10/49 | €1,167,662 | €1,140,741 | -€26,921 | -2.3% |
| Equity | 10/15 | €881,254 | €909,688 | +€28,433 | +3.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €299,690 | €329,789 | +€30,099 | +10.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €274,690 | €304,789 | +€30,099 | +11.0% |
| Profit (loss) carried forward | 14 | €331,565 | €329,899 | -€1,666 | -0.5% |
| Amounts payable | 17/49 | €286,408 | €231,053 | -€55,354 | -19.3% |
| Amounts payable within one year | 42/48 | €285,933 | €230,073 | -€55,859 | -19.5% |
| Trade debts | 44 | €6,387 | €3,792 | -€2,595 | -40.6% |
| Suppliers | 440/4 | €6,387 | €3,792 | -€2,595 | -40.6% |
| Taxes, remuneration and social security | 45 | €17,647 | €11,962 | -€5,685 | -32.2% |
| Taxes | 450/3 | €17,647 | €11,962 | -€5,685 | -32.2% |
| Other amounts payable | 47/48 | €261,898 | €214,318 | -€47,580 | -18.2% |
| Accrued charges and deferred income | 492/3 | €475 | €980 | +€505 | +106.3% |
| Non-recurring operating income | 76A | €50,507 | - | -€50,507 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,578 | €33,974 | +€1,396 | +4.3% |
| Other operating charges | 640/8 | €6,275 | €5,517 | -€758 | -12.1% |
| Gross operating margin | 9900 | €160,219 | €137,487 | -€22,733 | -14.2% |
| Operating profit (loss) | 9901 | €121,367 | €97,996 | -€23,371 | -19.3% |
| Financial income | 75/76B | €8 | €6 | -€1 | -18.2% |
| Recurring financial income | 75 | €8 | €6 | -€1 | -18.2% |
| Financial charges | 65/66B | €17,947 | €14,189 | -€3,757 | -20.9% |
| Recurring financial charges | 65 | €17,947 | €14,189 | -€3,757 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €103,428 | €83,812 | -€19,615 | -19.0% |
| Income taxes | 67/77 | €29,338 | €23,713 | -€5,625 | -19.2% |
| Profit (loss) for the period | 9904 | €74,090 | €60,099 | -€13,991 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,090 | €60,099 | -€13,991 | -18.9% |
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 9 October 2026 via checked.be.