Software A.G. Belgium: what changed
What changed
Software A.G. Belgium
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€5.1m
2024 · €21.5m-€16.5m
Equity
€3.6m
2024 · €2.9m+€754,418
Cash
€16,465
2024 · €249,083-€232,618
Balance sheet total
€10.9m
2024 · €44.0m-€33.1m
Largest movements
Assets
- Receivables within one year -€34.0m
down €34.0m (-78.1%), from €43.5m to €9.5m
of which Other amounts receivable: -€37.7m
- Intangible fixed assets +€938,776
up €938,776, from €0 to €938,776
Equity and liabilities
- Other debts -€22.8m
down €22.8m (-81.2%), from €28.0m to €5.3m
- Trade debts -€8.9m
down €8.9m (-93.1%), from €9.5m to €657,507
- Accrued charges and deferred income -€1.8m
down €1.8m (-87.1%), from €2.1m to €270,391
- Contributions +€951,431
up €951,431 (+61.4%), from €1.6m to €2.5m
Income statement
- Taxes -€5.7m
down €5.7m (-77.2%), from €7.3m to €1.7m
- Turnover -€3.1m
down €3.1m (-30.5%), from €10.1m to €7.0m
- Services and other goods -€2.7m
down €2.7m (-48.2%), from €5.5m to €2.9m
- Staff costs -€2.3m
down €2.3m (-43.6%), from €5.3m to €3.0m
- Goods and materials -€696,712
down €696,712 (-54.0%), from €1.3m to €592,686
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€21.5m
Turnover
-€3.1m
Other operating income
-€273,257
Goods and materials
+€696,712
Services and other goods
+€2.7m
Staff costs
+€2.3m
Depreciation
-€43,425
Other operating charges
+€12,670
Other operating items
-€24.2m
Financial income
-€292,310
Financial charges
+€31,919
Taxes
+€5.7m
Result 2025
€5.1m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€5.1m
Investment
-€994,861
Financing
-€4.3m
Cash 2024
€249,083
From operations (derived)
+€5.1m
Net result for the year
+€5.1m
Depreciation
+€54,241
Receivables after one year
-€195,914
Receivables within one year
+€34.0m
Smaller working-capital items
-€37,949
Provisions
-€182,878
Trade debts
-€8.9m
Tax, wage and social debts
-€157,156
Other debts
-€22.8m
Accrued charges and deferred income
-€1.8m
Investment (derived)
-€994,861
Investment in fixed assets (net)
-€994,861
Financing
-€4.3m
Contributions, distributions and other
-€4.3m
Cash 2025
€16,465
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,003,431 | €10,941,134 | -€33.1m | -75.1% |
| Fixed assets | 21/28 | €164,990 | €1,105,611 | +€940,620 | +570% |
| Intangible fixed assets | 21 | €0 | €938,776 | +€938,776 | |
| Tangible fixed assets | 22/27 | €7,087 | €4,111 | -€2,976 | -42.0% |
| Furniture and vehicles | 24 | €7,087 | €4,111 | -€2,976 | -42.0% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €157,903 | €162,724 | +€4,820 | +3.1% |
| Other financial fixed assets | 284/8 | €157,903 | €162,724 | +€4,820 | +3.1% |
| Amounts receivable and cash guarantees | 285/8 | €157,903 | €162,724 | +€4,820 | +3.1% |
| Current assets | 29/58 | €43,838,441 | €9,835,523 | -€34.0m | -77.6% |
| Amounts receivable after more than one year | 29 | €82,055 | €277,969 | +€195,914 | +239% |
| Trade receivables | 290 | €82,055 | €277,969 | +€195,914 | +239% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €43,506,569 | €9,534,815 | -€34.0m | -78.1% |
| Trade receivables | 40 | €4,115,523 | €7,809,866 | +€3.7m | +89.8% |
| Other amounts receivable | 41 | €39,391,046 | €1,724,949 | -€37.7m | -95.6% |
| Cash at bank and in hand | 54/58 | €249,083 | €16,465 | -€232,618 | -93.4% |
| Deferred charges and accrued income | 490/1 | €734 | €6,273 | +€5,539 | +755% |
| Total equity and liabilities | 10/49 | €44,003,431 | €10,941,134 | -€33.1m | -75.1% |
| Equity | 10/15 | €2,873,457 | €3,627,875 | +€754,418 | +26.3% |
| Contributions | 10/11 | €1,550,000 | €2,501,431 | +€951,431 | +61.4% |
| Capital | 10 | €1,550,000 | €2,501,431 | +€951,431 | +61.4% |
| Issued capital | 100 | €1,550,000 | €2,501,431 | +€951,431 | +61.4% |
| Reserves | 13 | €155,000 | €250,143 | +€95,143 | +61.4% |
| Non-distributable reserves | 130/1 | €155,000 | €250,143 | +€95,143 | +61.4% |
| Legal reserve | 130 | €155,000 | €250,143 | +€95,143 | +61.4% |
| Profit (loss) carried forward | 14 | €1,168,457 | €876,301 | -€292,156 | -25.0% |
| Provisions and deferred taxes | 16 | €182,878 | €0 | -€182,878 | -100% |
| Provisions for liabilities and charges | 160/5 | €182,878 | €0 | -€182,878 | -100% |
| Other liabilities and charges | 164/5 | €182,878 | €0 | -€182,878 | -100% |
| Amounts payable | 17/49 | €40,947,096 | €7,313,259 | -€33.6m | -82.1% |
| Amounts payable within one year | 42/48 | €38,852,653 | €7,042,867 | -€31.8m | -81.9% |
| Trade debts | 44 | €9,524,294 | €657,507 | -€8.9m | -93.1% |
| Suppliers | 440/4 | €9,524,294 | €657,507 | -€8.9m | -93.1% |
| Advances received on contracts in progress | 46 | €32,410 | €0 | -€32,410 | -100% |
| Taxes, remuneration and social security | 45 | €1,287,934 | €1,130,778 | -€157,156 | -12.2% |
| Taxes | 450/3 | €459,178 | €633,560 | +€174,382 | +38.0% |
| Remuneration and social security | 454/9 | €828,756 | €497,218 | -€331,538 | -40.0% |
| Other amounts payable | 47/48 | €28,008,016 | €5,254,583 | -€22.8m | -81.2% |
| Accrued charges and deferred income | 492/3 | €2,094,442 | €270,391 | -€1.8m | -87.1% |
| Operating income | 70/76A | €39,956,068 | €12,400,965 | -€27.6m | -69.0% |
| Turnover | 70 | €10,050,216 | €6,980,647 | -€3.1m | -30.5% |
| Other operating income | 74 | €596,461 | €323,204 | -€273,257 | -45.8% |
| Non-recurring operating income | 76A | €29,309,391 | €5,097,114 | -€24.2m | -82.6% |
| Operating charges | 60/66A | €12,191,205 | €6,531,059 | -€5.7m | -46.4% |
| Goods for resale, raw materials and consumables | 60 | €1,289,398 | €592,686 | -€696,712 | -54.0% |
| Purchases | 600/8 | €1,289,398 | €592,686 | -€696,712 | -54.0% |
| Services and other goods | 61 | €5,526,025 | €2,863,793 | -€2.7m | -48.2% |
| Remuneration, social security and pensions | 62 | €5,312,661 | €2,998,335 | -€2.3m | -43.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,816 | €54,241 | +€43,425 | +401% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €18,982 | €18,982 | = | 0.0% |
| Other operating charges | 640/8 | €15,692 | €3,022 | -€12,670 | -80.7% |
| Non-recurring operating charges | 66A | €17,630 | €0 | -€17,630 | -100% |
| Operating profit (loss) | 9901 | €27,764,864 | €5,869,906 | -€21.9m | -78.9% |
| Financial income | 75/76B | €1,344,159 | €1,051,849 | -€292,310 | -21.7% |
| Recurring financial income | 75 | €1,344,159 | €1,051,849 | -€292,310 | -21.7% |
| Income from current assets | 751 | €1,264,326 | €1,020,617 | -€243,709 | -19.3% |
| Other financial income | 752/9 | €79,834 | €31,233 | -€48,601 | -60.9% |
| Financial charges | 65/66B | €219,382 | €187,463 | -€31,919 | -14.5% |
| Recurring financial charges | 65 | €219,382 | €187,463 | -€31,919 | -14.5% |
| Debt charges | 650 | €158,556 | €152,308 | -€6,249 | -3.9% |
| Other financial charges | 652/9 | €60,825 | €35,155 | -€25,670 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €28,889,642 | €6,734,292 | -€22.2m | -76.7% |
| Income taxes | 67/77 | €7,341,538 | €1,676,722 | -€5.7m | -77.2% |
| Taxes | 670/3 | €7,341,538 | €1,676,722 | -€5.7m | -77.2% |
| Profit (loss) for the period | 9904 | €21,548,103 | €5,057,570 | -€16.5m | -76.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,548,103 | €5,057,570 | -€16.5m | -76.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.