SO INVEST: what changed
SO INVEST
Largest movements
- Tangible fixed assets +€32,928
up €32,928 (+560%), from €5,876 to €38,804
- Cash -€32,386
down €32,386 (-70.4%), from €45,978 to €13,592
mainly Net result for the year (-€47,191) and Investment in fixed assets (net) (-€36,159)
- Receivables within one year +€4,005
up €4,005 (+206%), from €1,940 to €5,945
of which Trade receivables: +€2,514
- Deferred charges and accrued income -€3,627
down €3,627 (-75.5%), from €4,805 to €1,178
- Profit (loss) carried forward -€47,191
down €47,191 (-289%), from -€16,331 to -€63,522
- Other debts +€44,801
up €44,801 (+71.0%), from €63,091 to €107,891
- Trade debts +€1,571
up €1,571 (+23.2%), from €6,773 to €8,344
- Tax, wage and social debts +€1,368
up €1,368 (+206%), from €663 to €2,031
of which Taxes: +€1,117
- Gross operating margin -€18,874
down €18,874 (-87.1%), from -€21,662 to -€40,536
- Staff costs -€4,978
down €4,978 (-65.9%), from €7,549 to €2,572
- Depreciation -€705
down €705 (-16.8%), from €4,185 to €3,480
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,239 | €59,909 | +€670 | +1.1% |
| Fixed assets | 21/28 | €6,515 | €39,194 | +€32,679 | +502% |
| Intangible fixed assets | 21 | €249 | €0 | -€249 | -100% |
| Tangible fixed assets | 22/27 | €5,876 | €38,804 | +€32,928 | +560% |
| Furniture and vehicles | 24 | €5,876 | €38,804 | +€32,928 | +560% |
| Financial fixed assets | 28 | €390 | €390 | = | 0.0% |
| Current assets | 29/58 | €52,724 | €20,715 | -€32,008 | -60.7% |
| Amounts receivable within one year | 40/41 | €1,940 | €5,945 | +€4,005 | +206% |
| Trade receivables | 40 | €931 | €3,445 | +€2,514 | +270% |
| Other amounts receivable | 41 | €1,009 | €2,500 | +€1,491 | +148% |
| Cash at bank and in hand | 54/58 | €45,978 | €13,592 | -€32,386 | -70.4% |
| Deferred charges and accrued income | 490/1 | €4,805 | €1,178 | -€3,627 | -75.5% |
| Total equity and liabilities | 10/49 | €59,239 | €59,909 | +€670 | +1.1% |
| Equity | 10/15 | -€11,331 | -€58,522 | -€47,191 | -416% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,331 | -€63,522 | -€47,191 | -289% |
| Amounts payable | 17/49 | €70,570 | €118,431 | +€47,861 | +67.8% |
| Amounts payable within one year | 42/48 | €70,570 | €118,300 | +€47,730 | +67.6% |
| Financial debts | 43 | €43 | €33 | -€10 | -23.2% |
| Other loans | 439 | €43 | €33 | -€10 | -23.2% |
| Trade debts | 44 | €6,773 | €8,344 | +€1,571 | +23.2% |
| Suppliers | 440/4 | €6,773 | €8,344 | +€1,571 | +23.2% |
| Taxes, remuneration and social security | 45 | €663 | €2,031 | +€1,368 | +206% |
| Taxes | 450/3 | €0 | €1,117 | +€1,117 | |
| Remuneration and social security | 454/9 | €663 | €914 | +€251 | +37.8% |
| Other amounts payable | 47/48 | €63,091 | €107,891 | +€44,801 | +71.0% |
| Accrued charges and deferred income | 492/3 | €0 | €132 | +€132 | |
| Remuneration, social security and pensions | 62 | €7,549 | €2,572 | -€4,978 | -65.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,185 | €3,480 | -€705 | -16.8% |
| Other operating charges | 640/8 | €436 | €400 | -€36 | -8.3% |
| Non-recurring operating charges | 66A | €452 | €13 | -€439 | -97.1% |
| Gross operating margin | 9900 | -€21,662 | -€40,536 | -€18,874 | -87.1% |
| Operating profit (loss) | 9901 | -€34,285 | -€47,001 | -€12,716 | -37.1% |
| Financial income | 75/76B | €90 | €0 | -€90 | -100% |
| Recurring financial income | 75 | €90 | €0 | -€90 | -100% |
| Financial charges | 65/66B | €161 | €190 | +€29 | +18.3% |
| Recurring financial charges | 65 | €161 | €190 | +€29 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | -€34,355 | -€47,191 | -€12,836 | -37.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€34,355 | -€47,191 | -€12,836 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,355 | -€47,191 | -€12,836 | -37.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.