SOALYS: 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.
SOALYS
Largest movements
- Cash -€257,903
down €257,903 (-58.9%), from €438,164 to €180,261
mainly Investment in fixed assets (net) (-€243,673) and Other debts (-€150,301)
- Tangible fixed assets +€221,090
up €221,090 (+114.1%), from €193,767 to €414,857
of which Land and buildings: +€212,444
- Current investments +€50,000
new in 2025: €50,000
- Intangible fixed assets -€8,493
no longer reported in 2025 (was €8,493)
- Receivables within one year -€7,305
down €7,305 (-30.8%), from €23,683 to €16,378
of which Trade receivables: -€6,991
- Other debts -€150,301
down €150,301 (-77.3%), from €194,452 to €44,152
- Debts after one year +€141,152
up €141,152 (+104.1%), from €135,619 to €276,771
- Current portion of long-term debt +€9,346
up €9,346 (+30.0%), from €31,178 to €40,524
- Financial income -€97,993
down €97,993 (-41.9%), from €234,134 to €136,141
of which Non-recurring financial income: -€230,156
- Other operating charges +€39,651
up €39,651 (+823.2%), from €4,817 to €44,468
- Gross operating margin -€19,097
down €19,097 (-73.2%), from -€26,105 to -€45,202
- Depreciation -€5,403
down €5,403 (-14.8%), from €36,479 to €31,077
- Financial charges +€2,973
up €2,973 (+29.8%), from €9,977 to €12,950
of which Financial charges: +€6,045
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 | €666,181 | €664,601 | -€1,579 | -0.2% |
| Fixed assets | 21/28 | €202,360 | €414,957 | +€212,597 | +105.1% |
| Intangible fixed assets | 21 | €8,493 | - | -€8,493 | |
| Tangible fixed assets | 22/27 | €193,767 | €414,857 | +€221,090 | +114.1% |
| Land and buildings | 22 | €187,956 | €400,399 | +€212,444 | +113.0% |
| Plant, machinery and equipment | 23 | - | €11,296 | +€11,296 | |
| Furniture and vehicles | 24 | €5,811 | €3,161 | -€2,650 | -45.6% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €463,821 | €249,645 | -€214,176 | -46.2% |
| Amounts receivable within one year | 40/41 | €23,683 | €16,378 | -€7,305 | -30.8% |
| Trade receivables | 40 | €18,317 | €11,326 | -€6,991 | -38.2% |
| Other amounts receivable | 41 | €5,367 | €5,052 | -€315 | -5.9% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €438,164 | €180,261 | -€257,903 | -58.9% |
| Deferred charges and accrued income | 490/1 | €1,974 | €3,006 | +€1,032 | +52.3% |
| Total equity and liabilities | 10/49 | €666,181 | €664,601 | -€1,579 | -0.2% |
| Equity | 10/15 | €289,907 | €292,000 | +€2,093 | +0.7% |
| Contributions | 10/11 | €15,922 | €15,922 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,985 | €276,077 | +€2,093 | +0.8% |
| Amounts payable | 17/49 | €376,274 | €372,602 | -€3,672 | -1.0% |
| Amounts payable after more than one year | 17 | €135,619 | €276,771 | +€141,152 | +104.1% |
| Financial debts | 170/4 | €135,619 | €276,771 | +€141,152 | +104.1% |
| Amounts payable within one year | 42/48 | €239,598 | €95,831 | -€143,767 | -60.0% |
| Current portion of amounts payable after more than one year | 42 | €31,178 | €40,524 | +€9,346 | +30.0% |
| Trade debts | 44 | €13,131 | €10,286 | -€2,845 | -21.7% |
| Suppliers | 440/4 | €13,131 | €10,286 | -€2,845 | -21.7% |
| Taxes, remuneration and social security | 45 | €837 | €870 | +€33 | +4.0% |
| Taxes | 450/3 | €837 | €870 | +€33 | +4.0% |
| Other amounts payable | 47/48 | €194,452 | €44,152 | -€150,301 | -77.3% |
| Accrued charges and deferred income | 492/3 | €1,057 | - | -€1,057 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,479 | €31,077 | -€5,403 | -14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €200 | - | -€200 | |
| Other operating charges | 640/8 | €4,817 | €44,468 | +€39,651 | +823.2% |
| Non-recurring operating charges | 66A | €955 | - | -€955 | |
| Gross operating margin | 9900 | -€26,105 | -€45,202 | -€19,097 | -73.2% |
| Operating profit (loss) | 9901 | -€68,556 | -€120,746 | -€52,190 | -76.1% |
| Financial income | 75/76B | €234,134 | €136,141 | -€97,993 | -41.9% |
| Recurring financial income | 75 | €3,978 | €136,141 | +€132,163 | +3322.7% |
| Non-recurring financial income | 76B | €230,156 | - | -€230,156 | |
| Financial charges | 65/66B | €9,977 | €12,950 | +€2,973 | +29.8% |
| Recurring financial charges | 65 | €6,905 | €12,950 | +€6,045 | +87.6% |
| Non-recurring financial charges | 66B | €3,072 | - | -€3,072 | |
| Profit (loss) for the period before taxes | 9903 | €155,600 | €2,444 | -€153,156 | -98.4% |
| Income taxes | 67/77 | €83 | €352 | +€269 | +325.5% |
| Profit (loss) for the period | 9904 | €155,518 | €2,093 | -€153,425 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €155,518 | €2,093 | -€153,425 | -98.7% |
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 6 October 2026 via checked.be.