So-Phi: 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-Phi
Largest movements
- Receivables within one year -€1,537
down €1,537 (-88.2%), from €1,742 to €205
of which Trade receivables: -€1,742
- Cash -€956
down €956 (-100.0%), from €956 to €0
mainly Net result for the year (-€2,729) and Tax, wage and social debts (-€100)
- Stocks and contracts -€100
down €100 (-3.9%), from €2,552 to €2,452
- Profit (loss) carried forward -€2,729
down €2,729 (-9.9%), from -€27,497 to -€30,226
- Trade debts +€255
up €255 (+19.5%), from €1,306 to €1,561
- Tax, wage and social debts -€100
no longer reported in 2025 (was €100)
- Gross operating margin -€2,611
down €2,611, from €430 to -€2,180
- Financial income +€194
new in 2025: €194
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 | €5,393 | €2,818 | -€2,574 | -47.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €5,393 | €2,818 | -€2,574 | -47.7% |
| Stocks and contracts in progress | 3 | €2,552 | €2,452 | -€100 | -3.9% |
| Stocks | 30/36 | €2,552 | €2,452 | -€100 | -3.9% |
| Amounts receivable within one year | 40/41 | €1,742 | €205 | -€1,537 | -88.2% |
| Trade receivables | 40 | €1,742 | - | -€1,742 | |
| Other amounts receivable | 41 | - | €205 | +€205 | |
| Cash at bank and in hand | 54/58 | €956 | €0 | -€956 | -100.0% |
| Deferred charges and accrued income | 490/1 | €143 | €162 | +€18 | +12.9% |
| Total equity and liabilities | 10/49 | €5,393 | €2,818 | -€2,574 | -47.7% |
| Equity | 10/15 | -€18,197 | -€20,926 | -€2,729 | -15.0% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,497 | -€30,226 | -€2,729 | -9.9% |
| Amounts payable | 17/49 | €23,590 | €23,745 | +€155 | +0.7% |
| Amounts payable within one year | 42/48 | €23,590 | €23,745 | +€155 | +0.7% |
| Trade debts | 44 | €1,306 | €1,561 | +€255 | +19.5% |
| Suppliers | 440/4 | €1,306 | €1,561 | +€255 | +19.5% |
| Taxes, remuneration and social security | 45 | €100 | - | -€100 | |
| Taxes | 450/3 | €100 | - | -€100 | |
| Other amounts payable | 47/48 | €22,184 | €22,184 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €430 | -€2,180 | -€2,611 | |
| Operating profit (loss) | 9901 | -€83 | -€2,708 | -€2,625 | -3163.3% |
| Financial income | 75/76B | - | €194 | +€194 | |
| Recurring financial income | 75 | - | €194 | +€194 | |
| Financial charges | 65/66B | €216 | €215 | -€1 | -0.5% |
| Recurring financial charges | 65 | €216 | €215 | -€1 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | -€299 | -€2,729 | -€2,430 | -812.5% |
| Profit (loss) for the period | 9904 | -€299 | -€2,729 | -€2,430 | -812.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€299 | -€2,729 | -€2,430 | -812.5% |
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 29 September 2026 via checked.be.