SOAVE + ASSOCIATES: 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.
SOAVE + ASSOCIATES
Largest movements
- Cash -€264,672
down €264,672 (-43.5%), from €607,894 to €343,223
mainly Other debts (-€327,661) and Deferred charges and accrued income (-€12,096)
- Deferred charges and accrued income +€12,096
up €12,096 (+712%), from €1,699 to €13,795
- Other debts -€327,661
down €327,661 (-98.3%), from €333,385 to €5,724
- Profit (loss) carried forward +€69,700
up €69,700, from €0 to €69,700
- Trade debts +€9,360
up €9,360 (+218%), from €4,300 to €13,660
- Gross operating margin -€322,485
down €322,485 (-74.7%), from €431,775 to €109,290
- Taxes -€78,803
down €78,803 (-74.3%), from €106,080 to €27,276
- Financial charges -€7,361
down €7,361 (-38.9%), from €18,913 to €11,551
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 | €626,930 | €378,582 | -€248,348 | -39.6% |
| Fixed assets | 21/28 | €3,029 | €2,828 | -€201 | -6.6% |
| Tangible fixed assets | 22/27 | €479 | €278 | -€201 | -41.9% |
| Furniture and vehicles | 24 | €479 | €278 | -€201 | -41.9% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €623,901 | €375,754 | -€248,147 | -39.8% |
| Amounts receivable within one year | 40/41 | €14,308 | €18,737 | +€4,429 | +31.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €14,308 | €18,737 | +€4,429 | +31.0% |
| Cash at bank and in hand | 54/58 | €607,894 | €343,223 | -€264,672 | -43.5% |
| Deferred charges and accrued income | 490/1 | €1,699 | €13,795 | +€12,096 | +712% |
| Total equity and liabilities | 10/49 | €626,930 | €378,582 | -€248,348 | -39.6% |
| Equity | 10/15 | €283,261 | €352,961 | +€69,700 | +24.6% |
| Contributions | 10/11 | €257,510 | €257,510 | = | 0.0% |
| Reserves | 13 | €25,751 | €25,751 | = | 0.0% |
| Distributable reserves | 133 | €25,751 | €25,751 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €69,700 | +€69,700 | |
| Amounts payable | 17/49 | €343,669 | €25,622 | -€318,048 | -92.5% |
| Amounts payable within one year | 42/48 | €337,684 | €19,384 | -€318,300 | -94.3% |
| Trade debts | 44 | €4,300 | €13,660 | +€9,360 | +218% |
| Suppliers | 440/4 | €4,300 | €13,660 | +€9,360 | +218% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €333,385 | €5,724 | -€327,661 | -98.3% |
| Accrued charges and deferred income | 492/3 | €5,985 | €6,238 | +€253 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €410 | €201 | -€209 | -51.0% |
| Other operating charges | 640/8 | €1,919 | €1,964 | +€45 | +2.3% |
| Gross operating margin | 9900 | €431,775 | €109,290 | -€322,485 | -74.7% |
| Operating profit (loss) | 9901 | €429,446 | €107,125 | -€322,321 | -75.1% |
| Financial income | 75/76B | €2,106 | €1,403 | -€704 | -33.4% |
| Recurring financial income | 75 | €2,106 | €1,403 | -€704 | -33.4% |
| Financial charges | 65/66B | €18,913 | €11,551 | -€7,361 | -38.9% |
| Recurring financial charges | 65 | €18,913 | €11,551 | -€7,361 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | €412,639 | €96,976 | -€315,663 | -76.5% |
| Income taxes | 67/77 | €106,080 | €27,276 | -€78,803 | -74.3% |
| Profit (loss) for the period | 9904 | €306,560 | €69,700 | -€236,860 | -77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €306,560 | €69,700 | -€236,860 | -77.3% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.