SOFTWARE DEVELOPMENT COMPANY: 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.
SOFTWARE DEVELOPMENT COMPANY
Largest movements
- Receivables within one year -€22,310
down €22,310 (-16.5%), from €135,445 to €113,134
of which Other amounts receivable: -€22,649
- Tangible fixed assets -€13,687
down €13,687 (-30.1%), from €45,419 to €31,732
of which Leasing and similar rights: -€12,059
- Other debts -€42,700
no longer reported in 2025 (was €42,700)
- Reserves +€26,500
up €26,500 (+35.1%), from €75,400 to €101,900
- Debts after one year -€12,054
down €12,054 (-49.3%), from €24,465 to €12,412
- Tax, wage and social debts -€9,054
down €9,054 (-42.1%), from €21,495 to €12,441
of which Taxes: -€11,254
- Taxes +€15,391
up €15,391 (+88.6%), from €17,379 to €32,770
- Gross operating margin -€1,539
down €1,539 (-1.9%), from €79,591 to €78,052
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 | €200,173 | €164,206 | -€35,967 | -18.0% |
| Fixed assets | 21/28 | €45,419 | €31,732 | -€13,687 | -30.1% |
| Tangible fixed assets | 22/27 | €45,419 | €31,732 | -€13,687 | -30.1% |
| Plant, machinery and equipment | 23 | €3,991 | €2,794 | -€1,197 | -30.0% |
| Furniture and vehicles | 24 | €3,860 | €3,429 | -€431 | -11.2% |
| Leasing and similar rights | 25 | €37,568 | €25,509 | -€12,059 | -32.1% |
| Current assets | 29/58 | €154,754 | €132,474 | -€22,280 | -14.4% |
| Amounts receivable within one year | 40/41 | €135,445 | €113,134 | -€22,310 | -16.5% |
| Trade receivables | 40 | €17,902 | €18,240 | +€339 | +1.9% |
| Other amounts receivable | 41 | €117,543 | €94,894 | -€22,649 | -19.3% |
| Cash at bank and in hand | 54/58 | €19,310 | €19,340 | +€31 | +0.2% |
| Total equity and liabilities | 10/49 | €200,173 | €164,206 | -€35,967 | -18.0% |
| Equity | 10/15 | €94,983 | €121,951 | +€26,968 | +28.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €75,400 | €101,900 | +€26,500 | +35.1% |
| Distributable reserves | 133 | €75,400 | €101,900 | +€26,500 | +35.1% |
| Profit (loss) carried forward | 14 | €583 | €1,051 | +€468 | +80.2% |
| Amounts payable | 17/49 | €105,190 | €42,255 | -€62,935 | -59.8% |
| Amounts payable after more than one year | 17 | €24,465 | €12,412 | -€12,054 | -49.3% |
| Financial debts | 170/4 | €24,465 | €12,412 | -€12,054 | -49.3% |
| Amounts payable within one year | 42/48 | €80,725 | €29,844 | -€50,881 | -63.0% |
| Current portion of amounts payable after more than one year | 42 | €12,660 | €12,054 | -€606 | -4.8% |
| Trade debts | 44 | €3,870 | €5,349 | +€1,479 | +38.2% |
| Suppliers | 440/4 | €3,870 | €5,349 | +€1,479 | +38.2% |
| Taxes, remuneration and social security | 45 | €21,495 | €12,441 | -€9,054 | -42.1% |
| Taxes | 450/3 | €21,495 | €10,241 | -€11,254 | -52.4% |
| Remuneration and social security | 454/9 | - | €2,200 | +€2,200 | |
| Other amounts payable | 47/48 | €42,700 | - | -€42,700 | |
| Non-recurring operating income | 76A | €2,738 | - | -€2,738 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,767 | €14,720 | -€47 | -0.3% |
| Other operating charges | 640/8 | €2,489 | €2,581 | +€92 | +3.7% |
| Gross operating margin | 9900 | €79,591 | €78,052 | -€1,539 | -1.9% |
| Operating profit (loss) | 9901 | €62,335 | €60,751 | -€1,584 | -2.5% |
| Financial income | 75/76B | - | €65 | +€65 | |
| Recurring financial income | 75 | - | €65 | +€65 | |
| Financial charges | 65/66B | €1,150 | €1,078 | -€72 | -6.3% |
| Recurring financial charges | 65 | €1,150 | €1,078 | -€72 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €61,185 | €59,738 | -€1,446 | -2.4% |
| Income taxes | 67/77 | €17,379 | €32,770 | +€15,391 | +88.6% |
| Profit (loss) for the period | 9904 | €43,805 | €26,968 | -€16,837 | -38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,805 | €26,968 | -€16,837 | -38.4% |
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 11 October 2026 via checked.be.