SO-PA: 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-PA
Largest movements
- Receivables within one year +€436,758
up €436,758 (+1,377%), from €31,723 to €468,481
of which Other amounts receivable: +€292,083
- Cash -€51,415
down €51,415 (-26.7%), from €192,270 to €140,855
mainly Contributions, distributions and other (-€669,545) and Receivables within one year (-€436,758)
- Other debts +€504,537
up €504,537 (+2,153%), from €23,437 to €527,973
- Reserves -€138,151
no longer reported in 2026 (was €138,151)
- Trade debts +€38,962
up €38,962 (+1,519%), from €2,565 to €41,528
- Tax, wage and social debts -€31,575
down €31,575 (-66.2%), from €47,710 to €16,134
- Financial income +€399,990
up €399,990 (+3,983,964%), from €10 to €400,000
- Gross operating margin -€25,873
down €25,873 (-12.1%), from €214,549 to €188,676
- Taxes -€2,972
down €2,972 (-5.6%), from €53,156 to €50,184
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €743,463 | €1,127,157 | +€383,694 | +51.6% |
| Fixed assets | 21/28 | €519,469 | €515,892 | -€3,577 | -0.7% |
| Tangible fixed assets | 22/27 | €19,469 | €15,892 | -€3,577 | -18.4% |
| Furniture and vehicles | 24 | €10,066 | €7,510 | -€2,556 | -25.4% |
| Other tangible fixed assets | 26 | €9,403 | €8,382 | -€1,022 | -10.9% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €223,993 | €611,265 | +€387,272 | +173% |
| Amounts receivable within one year | 40/41 | €31,723 | €468,481 | +€436,758 | +1,377% |
| Trade receivables | 40 | €23,806 | €168,481 | +€144,675 | +608% |
| Other amounts receivable | 41 | €7,917 | €300,000 | +€292,083 | +3,689% |
| Cash at bank and in hand | 54/58 | €192,270 | €140,855 | -€51,415 | -26.7% |
| Deferred charges and accrued income | 490/1 | - | €1,929 | +€1,929 | |
| Total equity and liabilities | 10/49 | €743,463 | €1,127,157 | +€383,694 | +51.6% |
| Equity | 10/15 | €638,251 | €500,100 | -€138,151 | -21.6% |
| Contributions | 10/11 | €500,100 | €500,100 | = | 0.0% |
| Reserves | 13 | €138,151 | - | -€138,151 | |
| Distributable reserves | 133 | €138,151 | - | -€138,151 | |
| Amounts payable | 17/49 | €105,211 | €627,057 | +€521,846 | +496% |
| Amounts payable within one year | 42/48 | €73,711 | €585,635 | +€511,924 | +694% |
| Trade debts | 44 | €2,565 | €41,528 | +€38,962 | +1,519% |
| Suppliers | 440/4 | €2,565 | €41,528 | +€38,962 | +1,519% |
| Taxes, remuneration and social security | 45 | €47,710 | €16,134 | -€31,575 | -66.2% |
| Taxes | 450/3 | €47,710 | €16,134 | -€31,575 | -66.2% |
| Other amounts payable | 47/48 | €23,437 | €527,973 | +€504,537 | +2,153% |
| Accrued charges and deferred income | 492/3 | €31,500 | €41,422 | +€9,922 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,160 | €3,577 | +€417 | +13.2% |
| Other operating charges | 640/8 | €929 | €2,239 | +€1,311 | +141% |
| Gross operating margin | 9900 | €214,549 | €188,676 | -€25,873 | -12.1% |
| Operating profit (loss) | 9901 | €210,460 | €182,860 | -€27,601 | -13.1% |
| Financial income | 75/76B | €10 | €400,000 | +€399,990 | +3,983,964% |
| Recurring financial income | 75 | €10 | €400,000 | +€399,990 | +3,983,964% |
| Financial charges | 65/66B | €144 | €1,282 | +€1,138 | +790% |
| Recurring financial charges | 65 | €144 | €1,282 | +€1,138 | +790% |
| Profit (loss) for the period before taxes | 9903 | €210,326 | €581,578 | +€371,252 | +177% |
| Income taxes | 67/77 | €53,156 | €50,184 | -€2,972 | -5.6% |
| Profit (loss) for the period | 9904 | €157,171 | €531,394 | +€374,223 | +238% |
| Profit (loss) for the period to be appropriated | 9905 | €157,171 | €531,394 | +€374,223 | +238% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.