SOANE: 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.
SOANE
Largest movements
- Tangible fixed assets +€60,895
up €60,895 (+229.2%), from €26,570 to €87,465
of which Other tangible fixed assets: +€87,465
- Cash +€10,505
up €10,505 (+495.7%), from €2,119 to €12,625
mainly Net result for the year (+€55,680) and Debts after one year (+€15,864)
- Profit (loss) carried forward +€92,250
up €92,250, from -€78,131 to €14,119
- Reserves -€36,963
down €36,963 (-95.3%), from €38,785 to €1,822
of which Distributable reserves: -€36,963
- Debts after one year +€15,864
up €15,864 (+249.1%), from €6,368 to €22,233
- Gross operating margin +€70,674
up €70,674 (+1554.6%), from €4,546 to €75,220
- Taxes +€18,994
new in 2025: €18,994
- Depreciation -€1,701
no longer reported in 2025 (was €1,701)
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 | €28,996 | €100,147 | +€71,150 | +245.4% |
| Fixed assets | 21/28 | €26,570 | €87,465 | +€60,895 | +229.2% |
| Tangible fixed assets | 22/27 | €26,570 | €87,465 | +€60,895 | +229.2% |
| Land and buildings | 22 | €20,565 | - | -€20,565 | |
| Plant, machinery and equipment | 23 | €6,005 | - | -€6,005 | |
| Other tangible fixed assets | 26 | - | €87,465 | +€87,465 | |
| Current assets | 29/58 | €2,427 | €12,682 | +€10,255 | +422.6% |
| Amounts receivable within one year | 40/41 | €307 | €57 | -€250 | -81.4% |
| Trade receivables | 40 | €307 | - | -€307 | |
| Other amounts receivable | 41 | - | €57 | +€57 | |
| Cash at bank and in hand | 54/58 | €2,119 | €12,625 | +€10,505 | +495.7% |
| Total equity and liabilities | 10/49 | €28,996 | €100,147 | +€71,150 | +245.4% |
| Equity | 10/15 | €22,628 | €77,914 | +€55,286 | +244.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €38,785 | €1,822 | -€36,963 | -95.3% |
| Non-distributable reserves | 130/1 | €1,822 | €1,822 | = | 0.0% |
| Legal reserve | 130 | €1,822 | €1,822 | = | 0.0% |
| Distributable reserves | 133 | €36,963 | - | -€36,963 | |
| Profit (loss) carried forward | 14 | -€78,131 | €14,119 | +€92,250 | |
| Amounts payable | 17/49 | €6,368 | €22,233 | +€15,864 | +249.1% |
| Amounts payable after more than one year | 17 | €6,368 | €22,233 | +€15,864 | +249.1% |
| Other amounts payable | 178/9 | €6,368 | €22,233 | +€15,864 | +249.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,701 | - | -€1,701 | |
| Other operating charges | 640/8 | - | €250 | +€250 | |
| Gross operating margin | 9900 | €4,546 | €75,220 | +€70,674 | +1554.6% |
| Operating profit (loss) | 9901 | €2,845 | €74,970 | +€72,125 | +2535.1% |
| Financial charges | 65/66B | - | €297 | +€297 | |
| Recurring financial charges | 65 | - | €297 | +€297 | |
| Profit (loss) for the period before taxes | 9903 | €2,845 | €74,674 | +€71,828 | +2524.6% |
| Income taxes | 67/77 | - | €18,994 | +€18,994 | |
| Profit (loss) for the period | 9904 | €2,845 | €55,680 | +€52,834 | +1857.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,845 | €55,680 | +€52,834 | +1857.0% |
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.