SO RE CHINE: 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 RE CHINE
Largest movements
- Tangible fixed assets -€12,453
down €12,453 (-13.5%), from €92,501 to €80,048
of which Land and buildings: -€7,318
- Deferred charges and accrued income -€9,600
no longer reported in 2025 (was €9,600)
- Profit (loss) carried forward -€17,104
down €17,104 (-37.6%), from -€45,542 to -€62,646
- Debts after one year -€12,435
down €12,435 (-21.5%), from €57,924 to €45,489
- Other debts +€5,734
up €5,734 (+9.8%), from €58,576 to €64,310
- Current portion of long-term debt +€1,752
up €1,752 (+16.4%), from €10,683 to €12,435
- Gross operating margin -€8,500
down €8,500, from €4,423 to -€4,077
- Financial charges -€68
down €68 (-26.8%), from €254 to €186
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,101 | €80,048 | -€22,053 | -21.6% |
| Fixed assets | 21/28 | €92,501 | €80,048 | -€12,453 | -13.5% |
| Tangible fixed assets | 22/27 | €92,501 | €80,048 | -€12,453 | -13.5% |
| Land and buildings | 22 | €66,827 | €59,509 | -€7,318 | -11.0% |
| Plant, machinery and equipment | 23 | €25,674 | €20,539 | -€5,135 | -20.0% |
| Current assets | 29/58 | €9,600 | - | -€9,600 | |
| Deferred charges and accrued income | 490/1 | €9,600 | - | -€9,600 | |
| Total equity and liabilities | 10/49 | €102,101 | €80,048 | -€22,053 | -21.6% |
| Equity | 10/15 | -€25,082 | -€42,186 | -€17,104 | -68.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,542 | -€62,646 | -€17,104 | -37.6% |
| Amounts payable | 17/49 | €127,183 | €122,234 | -€4,949 | -3.9% |
| Amounts payable after more than one year | 17 | €57,924 | €45,489 | -€12,435 | -21.5% |
| Financial debts | 170/4 | €57,924 | €45,489 | -€12,435 | -21.5% |
| Amounts payable within one year | 42/48 | €69,259 | €76,745 | +€7,486 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €10,683 | €12,435 | +€1,752 | +16.4% |
| Other amounts payable | 47/48 | €58,576 | €64,310 | +€5,734 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,453 | €12,453 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €4,423 | -€4,077 | -€8,500 | |
| Operating profit (loss) | 9901 | -€8,415 | -€16,917 | -€8,503 | -101% |
| Financial charges | 65/66B | €254 | €186 | -€68 | -26.8% |
| Recurring financial charges | 65 | €254 | €186 | -€68 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,669 | -€17,104 | -€8,435 | -97.3% |
| Profit (loss) for the period | 9904 | -€8,669 | -€17,104 | -€8,435 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,669 | -€17,104 | -€8,435 | -97.3% |
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 17 October 2026 via checked.be.