SOFTWARE HOLDING & FINANCE: 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 HOLDING & FINANCE
Largest movements
- Current investments +€1.1m
up €1.1m (+5.8%), from €18.2m to €19.3m
- Accrued charges and deferred income +€1.2m
up €1.2m (+31.4%), from €3.8m to €5.0m
- Reserves +€1.0m
up €1.0m (+174%), from €580,194 to €1.6m
of which Distributable reserves: +€1.0m
- Profit (loss) carried forward -€766,607
down €766,607 (-18.6%), from €4.1m to €3.3m
- Debts after one year -€500,000
down €500,000 (-13.9%), from €3.6m to €3.1m
- Financial charges +€131,424
up €131,424 (+43.1%), from €304,847 to €436,271
- Financial income -€41,886
down €41,886 (-5.3%), from €788,869 to €746,984
- Gross operating margin -€7,066
down €7,066 (-28.0%), from -€25,282 to -€32,348
- Depreciation +€2,095
up €2,095 (+7.9%), from €26,395 to €28,489
- Other operating charges -€358
down €358 (-7.9%), from €4,556 to €4,198
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 | €20,100,356 | €21,046,082 | +€945,726 | +4.7% |
| Fixed assets | 21/28 | €1,115,104 | €1,074,431 | -€40,673 | -3.6% |
| Tangible fixed assets | 22/27 | €384,891 | €356,402 | -€28,489 | -7.4% |
| Land and buildings | 22 | €308,652 | €299,073 | -€9,579 | -3.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €76,239 | €57,329 | -€18,910 | -24.8% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €730,213 | €718,029 | -€12,184 | -1.7% |
| Current assets | 29/58 | €18,985,253 | €19,971,652 | +€986,399 | +5.2% |
| Amounts receivable within one year | 40/41 | €132,012 | €122,979 | -€9,034 | -6.8% |
| Trade receivables | 40 | €16,623 | €18,665 | +€2,041 | +12.3% |
| Other amounts receivable | 41 | €115,389 | €104,314 | -€11,075 | -9.6% |
| Current investments | 50/53 | €18,246,906 | €19,297,147 | +€1.1m | +5.8% |
| Cash at bank and in hand | 54/58 | €463,779 | €465,482 | +€1,703 | +0.4% |
| Deferred charges and accrued income | 490/1 | €142,555 | €86,044 | -€56,511 | -39.6% |
| Total equity and liabilities | 10/49 | €20,100,356 | €21,046,082 | +€945,726 | +4.7% |
| Equity | 10/15 | €12,696,780 | €12,942,457 | +€245,677 | +1.9% |
| Contributions | 10/11 | €8,000,000 | €8,000,000 | = | 0.0% |
| Capital | 10 | €8,000,000 | €8,000,000 | = | 0.0% |
| Issued capital | 100 | €8,000,000 | €8,000,000 | = | 0.0% |
| Reserves | 13 | €580,194 | €1,592,477 | +€1.0m | +174% |
| Non-distributable reserves | 130/1 | €580,194 | €592,477 | +€12,284 | +2.1% |
| Legal reserve | 130 | €580,194 | €592,477 | +€12,284 | +2.1% |
| Distributable reserves | 133 | - | €1,000,000 | +€1.0m | |
| Profit (loss) carried forward | 14 | €4,116,586 | €3,349,980 | -€766,607 | -18.6% |
| Amounts payable | 17/49 | €7,403,576 | €8,103,625 | +€700,049 | +9.5% |
| Amounts payable after more than one year | 17 | €3,598,000 | €3,098,000 | -€500,000 | -13.9% |
| Financial debts | 170/4 | €3,598,000 | €3,098,000 | -€500,000 | -13.9% |
| Amounts payable within one year | 42/48 | €2,538 | €9,042 | +€6,504 | +256% |
| Trade debts | 44 | €2,538 | €9,042 | +€6,504 | +256% |
| Suppliers | 440/4 | €2,538 | €9,042 | +€6,504 | +256% |
| Accrued charges and deferred income | 492/3 | €3,803,039 | €4,996,583 | +€1.2m | +31.4% |
| Non-recurring operating income | 76A | €11,007 | - | -€11,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,395 | €28,489 | +€2,095 | +7.9% |
| Other operating charges | 640/8 | €4,556 | €4,198 | -€358 | -7.9% |
| Non-recurring operating charges | 66A | €6,590 | - | -€6,590 | |
| Gross operating margin | 9900 | -€25,282 | -€32,348 | -€7,066 | -28.0% |
| Operating profit (loss) | 9901 | -€62,822 | -€65,035 | -€2,213 | -3.5% |
| Financial income | 75/76B | €788,869 | €746,984 | -€41,886 | -5.3% |
| Recurring financial income | 75 | €788,869 | €746,984 | -€41,886 | -5.3% |
| Financial charges | 65/66B | €304,847 | €436,271 | +€131,424 | +43.1% |
| Recurring financial charges | 65 | €304,847 | €436,271 | +€131,424 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | €421,200 | €245,677 | -€175,523 | -41.7% |
| Profit (loss) for the period | 9904 | €421,200 | €245,677 | -€175,523 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €421,200 | €245,677 | -€175,523 | -41.7% |
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 15 October 2026 via checked.be.