SO SE CO: 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 SE CO
Largest movements
- Cash +€37,638
up €37,638 (+84.7%), from €44,417 to €82,056
mainly Depreciation (+€56,812) and Receivables within one year (+€27,329)
- Receivables within one year -€27,329
down €27,329 (-36.3%), from €75,241 to €47,912
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€56,004
up €56,004 (+253%), from €22,117 to €78,121
- Financial income -€17,855
down €17,855 (-94.6%), from €18,868 to €1,013
- Taxes -€13,841
down €13,841 (-96.2%), from €14,382 to €541
- Other operating charges +€7,515
up €7,515 (+73.9%), from €10,174 to €17,689
- Depreciation -€3,895
down €3,895 (-6.4%), from €60,707 to €56,812
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,641,135 | €2,627,329 | -€13,807 | -0.5% |
| Fixed assets | 21/28 | €1,559,730 | €1,535,614 | -€24,116 | -1.5% |
| Tangible fixed assets | 22/27 | €1,059,046 | €1,034,930 | -€24,116 | -2.3% |
| Land and buildings | 22 | €1,055,622 | €1,030,559 | -€25,063 | -2.4% |
| Plant, machinery and equipment | 23 | €3,228 | €4,273 | +€1,046 | +32.4% |
| Furniture and vehicles | 24 | €197 | €98 | -€98 | -50.0% |
| Financial fixed assets | 28 | €500,684 | €500,684 | = | 0.0% |
| Current assets | 29/58 | €1,081,405 | €1,091,714 | +€10,309 | +1.0% |
| Amounts receivable after more than one year | 29 | €961,747 | €961,747 | = | 0.0% |
| Other amounts receivable | 291 | €961,747 | €961,747 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €75,241 | €47,912 | -€27,329 | -36.3% |
| Trade receivables | 40 | €75,241 | €47,912 | -€27,329 | -36.3% |
| Cash at bank and in hand | 54/58 | €44,417 | €82,056 | +€37,638 | +84.7% |
| Total equity and liabilities | 10/49 | €2,641,135 | €2,627,329 | -€13,807 | -0.5% |
| Equity | 10/15 | €2,600,878 | €2,604,740 | +€3,862 | +0.1% |
| Contributions | 10/11 | €89,896 | €89,896 | = | 0.0% |
| Capital | 10 | €89,896 | €89,896 | = | 0.0% |
| Reserves | 13 | €2,776,904 | €2,776,904 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€265,923 | -€262,061 | +€3,862 | +1.5% |
| Amounts payable | 17/49 | €40,258 | €22,589 | -€17,669 | -43.9% |
| Amounts payable within one year | 42/48 | €40,258 | €22,589 | -€17,669 | -43.9% |
| Trade debts | 44 | €36,844 | €18,933 | -€17,911 | -48.6% |
| Suppliers | 440/4 | €36,844 | €18,933 | -€17,911 | -48.6% |
| Taxes, remuneration and social security | 45 | €3,414 | €3,656 | +€242 | +7.1% |
| Taxes | 450/3 | €3,414 | €3,656 | +€242 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,707 | €56,812 | -€3,895 | -6.4% |
| Other operating charges | 640/8 | €10,174 | €17,689 | +€7,515 | +73.9% |
| Gross operating margin | 9900 | €22,117 | €78,121 | +€56,004 | +253% |
| Operating profit (loss) | 9901 | -€48,764 | €3,620 | +€52,384 | |
| Financial income | 75/76B | €18,868 | €1,013 | -€17,855 | -94.6% |
| Recurring financial income | 75 | €18,868 | €1,013 | -€17,855 | -94.6% |
| Financial charges | 65/66B | €73 | €230 | +€157 | +215% |
| Recurring financial charges | 65 | €73 | €230 | +€157 | +215% |
| Profit (loss) for the period before taxes | 9903 | -€29,969 | €4,403 | +€34,372 | |
| Income taxes | 67/77 | €14,382 | €541 | -€13,841 | -96.2% |
| Profit (loss) for the period | 9904 | -€44,351 | €3,862 | +€48,213 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,351 | €3,862 | +€48,213 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.