Software Improvement Group Belgium: what changed
Software Improvement Group Belgium
Largest movements
- Cash -€313,733
down €313,733 (-96.8%), from €324,067 to €10,334
mainly Investment in fixed assets (net) (-€280,142) and Stocks and contracts (-€229,878)
- Financial fixed assets +€280,142
up €280,142 (+92.6%), from €302,630 to €582,771
- Stocks and contracts +€229,878
new in 2025: €229,878
- Receivables within one year -€20,167
down €20,167 (-22.3%), from €90,262 to €70,095
of which Trade receivables: -€17,624
- Profit (loss) carried forward +€197,154
up €197,154 (+110%), from €179,890 to €377,045
- Accrued charges and deferred income -€182,618
down €182,618 (-66.3%), from €275,336 to €92,718
- Trade debts +€149,311
up €149,311 (+108%), from €137,978 to €287,289
- Tax, wage and social debts +€12,554
up €12,554 (+21.0%), from €59,919 to €72,473
of which Taxes: +€22,758
- Staff costs -€99,432
down €99,432 (-38.1%), from €260,798 to €161,366
- Gross operating margin -€39,753
down €39,753 (-8.7%), from €454,927 to €415,174
- Taxes +€16,724
up €16,724 (+31.5%), from €53,173 to €69,897
- Financial income +€7,704
up €7,704 (+108%), from €7,105 to €14,808
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €718,689 | €895,092 | +€176,402 | +24.5% |
| Fixed assets | 21/28 | €302,630 | €582,771 | +€280,142 | +92.6% |
| Financial fixed assets | 28 | €302,630 | €582,771 | +€280,142 | +92.6% |
| Current assets | 29/58 | €416,060 | €312,321 | -€103,739 | -24.9% |
| Stocks and contracts in progress | 3 | - | €229,878 | +€229,878 | |
| Contracts in progress | 37 | - | €229,878 | +€229,878 | |
| Amounts receivable within one year | 40/41 | €90,262 | €70,095 | -€20,167 | -22.3% |
| Trade receivables | 40 | €23,674 | €6,050 | -€17,624 | -74.4% |
| Other amounts receivable | 41 | €66,588 | €64,045 | -€2,543 | -3.8% |
| Cash at bank and in hand | 54/58 | €324,067 | €10,334 | -€313,733 | -96.8% |
| Deferred charges and accrued income | 490/1 | €1,731 | €2,014 | +€282 | +16.3% |
| Total equity and liabilities | 10/49 | €718,689 | €895,092 | +€176,402 | +24.5% |
| Equity | 10/15 | €245,457 | €442,611 | +€197,154 | +80.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €53,166 | €53,166 | = | 0.0% |
| Distributable reserves | 133 | €53,166 | €53,166 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,890 | €377,045 | +€197,154 | +110% |
| Amounts payable | 17/49 | €473,233 | €452,481 | -€20,752 | -4.4% |
| Amounts payable within one year | 42/48 | €197,897 | €359,762 | +€161,866 | +81.8% |
| Trade debts | 44 | €137,978 | €287,289 | +€149,311 | +108% |
| Suppliers | 440/4 | €137,978 | €287,289 | +€149,311 | +108% |
| Taxes, remuneration and social security | 45 | €59,919 | €72,473 | +€12,554 | +21.0% |
| Taxes | 450/3 | €36,213 | €58,971 | +€22,758 | +62.8% |
| Remuneration and social security | 454/9 | €23,706 | €13,502 | -€10,203 | -43.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €275,336 | €92,718 | -€182,618 | -66.3% |
| Remuneration, social security and pensions | 62 | €260,798 | €161,366 | -€99,432 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €637 | €845 | +€208 | +32.6% |
| Gross operating margin | 9900 | €454,927 | €415,174 | -€39,753 | -8.7% |
| Operating profit (loss) | 9901 | €193,491 | €252,962 | +€59,471 | +30.7% |
| Financial income | 75/76B | €7,105 | €14,808 | +€7,704 | +108% |
| Recurring financial income | 75 | €7,105 | €14,808 | +€7,704 | +108% |
| Financial charges | 65/66B | €728 | €720 | -€9 | -1.2% |
| Recurring financial charges | 65 | €728 | €720 | -€9 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €199,868 | €267,051 | +€67,183 | +33.6% |
| Income taxes | 67/77 | €53,173 | €69,897 | +€16,724 | +31.5% |
| Profit (loss) for the period | 9904 | €146,695 | €197,154 | +€50,460 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €146,695 | €197,154 | +€50,460 | +34.4% |
Next steps
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 7 November 2026 via checked.be.