SOA Invest: 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.
SOA Invest
Largest movements
- Tangible fixed assets -€84,509
down €84,509 (-54.9%), from €153,974 to €69,465
of which Land and buildings: -€79,092
- Receivables within one year -€44,076
down €44,076 (-36.2%), from €121,776 to €77,700
of which Trade receivables: -€43,498
- Cash -€19,537
no longer reported in 2025 (was €19,537)
mainly Debts after one year (-€77,401) and Net result for the year (-€45,699)
- Debts after one year -€77,401
down €77,401 (-72.4%), from €106,870 to €29,469
- Profit (loss) carried forward -€45,699
new in 2025: -€45,699
- Trade debts -€25,764
down €25,764 (-90.8%), from €28,364 to €2,600
- Tax, wage and social debts -€14,569
down €14,569 (-53.1%), from €27,421 to €12,852
of which Taxes: -€15,901
- Other debts +€11,377
up €11,377 (+26.8%), from €42,531 to €53,908
- Gross operating margin -€101,817
down €101,817, from €90,349 to -€11,468
- Depreciation -€16,364
down €16,364 (-63.7%), from €25,693 to €9,329
- Taxes -€12,570
down €12,570 (-98.1%), from €12,810 to €240
- Staff costs -€9,093
no longer reported in 2025 (was €9,093)
- Provisions +€6,425
new in 2025: €6,425
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
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 | €297,014 | €147,165 | -€149,849 | -50.5% |
| Fixed assets | 21/28 | €153,974 | €69,465 | -€84,509 | -54.9% |
| Tangible fixed assets | 22/27 | €153,974 | €69,465 | -€84,509 | -54.9% |
| Land and buildings | 22 | €140,589 | €61,497 | -€79,092 | -56.3% |
| Plant, machinery and equipment | 23 | €163 | - | -€163 | |
| Furniture and vehicles | 24 | €13,223 | €7,968 | -€5,254 | -39.7% |
| Current assets | 29/58 | €143,040 | €77,700 | -€65,340 | -45.7% |
| Amounts receivable within one year | 40/41 | €121,776 | €77,700 | -€44,076 | -36.2% |
| Trade receivables | 40 | €50,998 | €7,500 | -€43,498 | -85.3% |
| Other amounts receivable | 41 | €70,778 | €70,200 | -€578 | -0.8% |
| Cash at bank and in hand | 54/58 | €19,537 | - | -€19,537 | |
| Deferred charges and accrued income | 490/1 | €1,727 | - | -€1,727 | |
| Total equity and liabilities | 10/49 | €297,014 | €147,165 | -€149,849 | -50.5% |
| Equity | 10/15 | €70,449 | €24,749 | -€45,699 | -64.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €64,449 | €64,449 | = | 0.0% |
| Distributable reserves | 133 | €64,449 | €64,449 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€45,699 | -€45,699 | |
| Amounts payable | 17/49 | €226,566 | €122,416 | -€104,150 | -46.0% |
| Amounts payable after more than one year | 17 | €106,870 | €29,469 | -€77,401 | -72.4% |
| Financial debts | 170/4 | €106,870 | €29,469 | -€77,401 | -72.4% |
| Amounts payable within one year | 42/48 | €119,696 | €92,947 | -€26,749 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €21,380 | €16,100 | -€5,280 | -24.7% |
| Financial debts | 43 | - | €7,487 | +€7,487 | |
| Credit institutions | 430/8 | - | €7,487 | +€7,487 | |
| Trade debts | 44 | €28,364 | €2,600 | -€25,764 | -90.8% |
| Suppliers | 440/4 | €28,364 | €2,600 | -€25,764 | -90.8% |
| Taxes, remuneration and social security | 45 | €27,421 | €12,852 | -€14,569 | -53.1% |
| Taxes | 450/3 | €27,421 | €11,519 | -€15,901 | -58.0% |
| Remuneration and social security | 454/9 | - | €1,332 | +€1,332 | |
| Other amounts payable | 47/48 | €42,531 | €53,908 | +€11,377 | +26.8% |
| Non-recurring operating income | 76A | - | €1,332 | +€1,332 | |
| Remuneration, social security and pensions | 62 | €9,093 | - | -€9,093 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,693 | €9,329 | -€16,364 | -63.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €6,425 | +€6,425 | |
| Other operating charges | 640/8 | €418 | €2,027 | +€1,609 | +385% |
| Non-recurring operating charges | 66A | €18,166 | €9,000 | -€9,166 | -50.5% |
| Gross operating margin | 9900 | €90,349 | -€11,468 | -€101,817 | |
| Operating profit (loss) | 9901 | €36,980 | -€38,248 | -€75,229 | |
| Financial income | 75/76B | €26 | €0 | -€26 | -99.1% |
| Recurring financial income | 75 | €26 | €0 | -€26 | -99.1% |
| Financial charges | 65/66B | €7,547 | €7,212 | -€335 | -4.4% |
| Recurring financial charges | 65 | €7,547 | €7,212 | -€335 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €29,459 | -€45,460 | -€74,919 | |
| Income taxes | 67/77 | €12,810 | €240 | -€12,570 | -98.1% |
| Profit (loss) for the period | 9904 | €16,649 | -€45,699 | -€62,349 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,649 | -€45,699 | -€62,349 |
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 30 October 2026 via checked.be.