SOFT ART: 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.
SOFT ART
Largest movements
- Current investments +€47,400
up €47,400 (+29.6%), from €160,131 to €207,531
- Cash -€12,834
down €12,834 (-8.8%), from €145,763 to €132,929
mainly Current investments (-€47,400) and Receivables within one year (-€2,957)
- Tangible fixed assets -€5,960
down €5,960 (-38.5%), from €15,498 to €9,538
of which Furniture and vehicles: -€6,265
- Reserves +€30,242
up €30,242 (+9.7%), from €313,259 to €343,501
- Gross operating margin +€1,154
up €1,154 (+2.5%), from €47,061 to €48,215
- Depreciation +€975
up €975 (+17.2%), from €5,686 to €6,662
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 | €336,913 | €365,629 | +€28,716 | +8.5% |
| Fixed assets | 21/28 | €15,498 | €9,538 | -€5,960 | -38.5% |
| Tangible fixed assets | 22/27 | €15,498 | €9,538 | -€5,960 | -38.5% |
| Plant, machinery and equipment | 23 | - | €692 | +€692 | |
| Furniture and vehicles | 24 | €15,110 | €8,845 | -€6,265 | -41.5% |
| Other tangible fixed assets | 26 | €388 | €0 | -€387 | -99.9% |
| Current assets | 29/58 | €321,415 | €356,091 | +€34,676 | +10.8% |
| Amounts receivable within one year | 40/41 | €11,752 | €14,709 | +€2,957 | +25.2% |
| Trade receivables | 40 | €10,524 | €13,753 | +€3,229 | +30.7% |
| Other amounts receivable | 41 | €1,228 | €957 | -€272 | -22.1% |
| Current investments | 50/53 | €160,131 | €207,531 | +€47,400 | +29.6% |
| Cash at bank and in hand | 54/58 | €145,763 | €132,929 | -€12,834 | -8.8% |
| Deferred charges and accrued income | 490/1 | €3,769 | €922 | -€2,847 | -75.5% |
| Total equity and liabilities | 10/49 | €336,913 | €365,629 | +€28,716 | +8.5% |
| Equity | 10/15 | €325,659 | €355,901 | +€30,242 | +9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €313,259 | €343,501 | +€30,242 | +9.7% |
| Distributable reserves | 133 | €313,259 | €343,501 | +€30,242 | +9.7% |
| Amounts payable | 17/49 | €11,254 | €9,728 | -€1,526 | -13.6% |
| Amounts payable within one year | 42/48 | €11,254 | €9,728 | -€1,526 | -13.6% |
| Trade debts | 44 | €1,961 | €1,036 | -€925 | -47.2% |
| Suppliers | 440/4 | €1,961 | €1,036 | -€925 | -47.2% |
| Taxes, remuneration and social security | 45 | €3,013 | €2,892 | -€121 | -4.0% |
| Taxes | 450/3 | €3,013 | €2,892 | -€121 | -4.0% |
| Other amounts payable | 47/48 | €6,281 | €5,801 | -€480 | -7.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,686 | €6,662 | +€975 | +17.2% |
| Other operating charges | 640/8 | €505 | €585 | +€80 | +15.8% |
| Gross operating margin | 9900 | €47,061 | €48,215 | +€1,154 | +2.5% |
| Operating profit (loss) | 9901 | €40,870 | €40,968 | +€99 | +0.2% |
| Financial income | 75/76B | €928 | €1,294 | +€366 | +39.5% |
| Recurring financial income | 75 | €928 | €1,294 | +€366 | +39.5% |
| Financial charges | 65/66B | €176 | €76 | -€101 | -57.2% |
| Recurring financial charges | 65 | €176 | €76 | -€101 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | €41,621 | €42,187 | +€566 | +1.4% |
| Income taxes | 67/77 | €12,048 | €11,944 | -€104 | -0.9% |
| Profit (loss) for the period | 9904 | €29,573 | €30,242 | +€670 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,573 | €30,242 | +€670 | +2.3% |
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 3 October 2026 via checked.be.