SODA 12: 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.
SODA 12
Largest movements
- Intangible fixed assets -€25,000
down €25,000 (-19.7%), from €126,981 to €101,981
- Receivables within one year -€10,892
down €10,892 (-22.6%), from €48,135 to €37,243
of which Trade receivables: -€25,739
- Deferred charges and accrued income -€2,297
down €2,297 (-80.1%), from €2,868 to €571
- Debts after one year -€24,879
down €24,879 (-17.2%), from €144,735 to €119,856
- Trade debts -€11,791
down €11,791 (-55.1%), from €21,417 to €9,626
- Current portion of long-term debt +€2,689
up €2,689 (+11.1%), from €24,146 to €26,835
- Tax, wage and social debts -€2,558
down €2,558 (-50.4%), from €5,072 to €2,514
- Accrued charges and deferred income -€2,427
no longer reported in 2025 (was €2,427)
- Gross operating margin -€6,347
down €6,347 (-16.0%), from €39,636 to €33,289
- Financial charges -€1,094
down €1,094 (-17.9%), from €6,108 to €5,014
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 | €204,783 | €166,339 | -€38,444 | -18.8% |
| Fixed assets | 21/28 | €129,360 | €104,713 | -€24,647 | -19.1% |
| Intangible fixed assets | 21 | €126,981 | €101,981 | -€25,000 | -19.7% |
| Tangible fixed assets | 22/27 | €2,379 | €2,732 | +€353 | +14.8% |
| Furniture and vehicles | 24 | €2,379 | €2,732 | +€353 | +14.8% |
| Current assets | 29/58 | €75,422 | €61,625 | -€13,797 | -18.3% |
| Stocks and contracts in progress | 3 | €12,718 | €12,718 | = | 0.0% |
| Stocks | 30/36 | €12,718 | €12,718 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,135 | €37,243 | -€10,892 | -22.6% |
| Trade receivables | 40 | €32,135 | €6,396 | -€25,739 | -80.1% |
| Other amounts receivable | 41 | €16,000 | €30,847 | +€14,847 | +92.8% |
| Cash at bank and in hand | 54/58 | €11,701 | €11,093 | -€607 | -5.2% |
| Deferred charges and accrued income | 490/1 | €2,868 | €571 | -€2,297 | -80.1% |
| Total equity and liabilities | 10/49 | €204,783 | €166,339 | -€38,444 | -18.8% |
| Equity | 10/15 | €6,986 | €7,509 | +€523 | +7.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €986 | €1,509 | +€523 | +53.1% |
| Amounts payable | 17/49 | €197,797 | €158,830 | -€38,967 | -19.7% |
| Amounts payable after more than one year | 17 | €144,735 | €119,856 | -€24,879 | -17.2% |
| Financial debts | 170/4 | €144,735 | €119,856 | -€24,879 | -17.2% |
| Amounts payable within one year | 42/48 | €50,635 | €38,974 | -€11,661 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €24,146 | €26,835 | +€2,689 | +11.1% |
| Trade debts | 44 | €21,417 | €9,626 | -€11,791 | -55.1% |
| Suppliers | 440/4 | €21,417 | €9,626 | -€11,791 | -55.1% |
| Taxes, remuneration and social security | 45 | €5,072 | €2,514 | -€2,558 | -50.4% |
| Taxes | 450/3 | €5,072 | €2,514 | -€2,558 | -50.4% |
| Accrued charges and deferred income | 492/3 | €2,427 | - | -€2,427 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,788 | €25,827 | +€39 | +0.2% |
| Other operating charges | 640/8 | €1,971 | €1,927 | -€44 | -2.2% |
| Gross operating margin | 9900 | €39,636 | €33,289 | -€6,347 | -16.0% |
| Operating profit (loss) | 9901 | €11,877 | €5,534 | -€6,342 | -53.4% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €6,108 | €5,014 | -€1,094 | -17.9% |
| Recurring financial charges | 65 | €6,108 | €5,014 | -€1,094 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €5,768 | €523 | -€5,245 | -90.9% |
| Profit (loss) for the period | 9904 | €5,768 | €523 | -€5,245 | -90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,768 | €523 | -€5,245 | -90.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.