SOFTWARE-PROJECTS: what changed
SOFTWARE-PROJECTS
Largest movements
- Cash +€84,300
up €84,300 (+33.0%), from €255,668 to €339,968
mainly Net result for the year (+€50,143) and Current investments (+€20,629)
- Current investments -€20,629
down €20,629 (-10.0%), from €207,262 to €186,633
- Reserves +€50,143
up €50,143 (+16.0%), from €314,331 to €364,474
of which Distributable reserves: +€50,143
- Tax, wage and social debts +€6,683
up €6,683 (+64.8%), from €10,313 to €16,996
of which Taxes: +€6,683
- Gross operating margin +€8,530
up €8,530 (+13.6%), from €62,745 to €71,275
- Financial income +€4,124
up €4,124 (+344%), from €1,200 to €5,324
- Taxes +€3,994
up €3,994 (+26.0%), from €15,372 to €19,366
- Financial charges -€951
down €951 (-25.6%), from €3,713 to €2,762
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 | €484,803 | €542,127 | +€57,324 | +11.8% |
| Fixed assets | 21/28 | €5,932 | €3,259 | -€2,673 | -45.1% |
| Tangible fixed assets | 22/27 | €5,932 | €3,259 | -€2,673 | -45.1% |
| Land and buildings | 22 | €1,076 | €1,015 | -€61 | -5.7% |
| Plant, machinery and equipment | 23 | €4,856 | €2,244 | -€2,612 | -53.8% |
| Current assets | 29/58 | €478,871 | €538,868 | +€59,997 | +12.5% |
| Amounts receivable within one year | 40/41 | €15,940 | €12,267 | -€3,673 | -23.0% |
| Trade receivables | 40 | €15,893 | €12,197 | -€3,697 | -23.3% |
| Other amounts receivable | 41 | €47 | €70 | +€23 | +49.5% |
| Current investments | 50/53 | €207,262 | €186,633 | -€20,629 | -10.0% |
| Cash at bank and in hand | 54/58 | €255,668 | €339,968 | +€84,300 | +33.0% |
| Total equity and liabilities | 10/49 | €484,803 | €542,127 | +€57,324 | +11.8% |
| Equity | 10/15 | €332,931 | €383,074 | +€50,143 | +15.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €314,331 | €364,474 | +€50,143 | +16.0% |
| Tax-exempt reserves | 132 | €3,459 | €3,459 | = | 0.0% |
| Distributable reserves | 133 | €310,872 | €361,015 | +€50,143 | +16.1% |
| Amounts payable | 17/49 | €151,872 | €159,053 | +€7,181 | +4.7% |
| Amounts payable within one year | 42/48 | €151,872 | €159,053 | +€7,181 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €37 | €79 | +€42 | +116% |
| Trade debts | 44 | €1,167 | €556 | -€611 | -52.3% |
| Suppliers | 440/4 | €1,167 | €556 | -€611 | -52.3% |
| Taxes, remuneration and social security | 45 | €10,313 | €16,996 | +€6,683 | +64.8% |
| Taxes | 450/3 | €7,863 | €14,546 | +€6,683 | +85.0% |
| Remuneration and social security | 454/9 | €2,450 | €2,450 | = | 0.0% |
| Other amounts payable | 47/48 | €140,356 | €141,422 | +€1,066 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,077 | €2,673 | +€597 | +28.7% |
| Other operating charges | 640/8 | €1,685 | €1,655 | -€29 | -1.7% |
| Non-recurring operating charges | 66A | €1,820 | €0 | -€1,820 | -100% |
| Gross operating margin | 9900 | €62,745 | €71,275 | +€8,530 | +13.6% |
| Operating profit (loss) | 9901 | €57,164 | €66,947 | +€9,783 | +17.1% |
| Financial income | 75/76B | €1,200 | €5,324 | +€4,124 | +344% |
| Recurring financial income | 75 | €1,200 | €5,324 | +€4,124 | +344% |
| Financial charges | 65/66B | €3,713 | €2,762 | -€951 | -25.6% |
| Recurring financial charges | 65 | €3,713 | €2,762 | -€951 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €54,651 | €69,509 | +€14,858 | +27.2% |
| Income taxes | 67/77 | €15,372 | €19,366 | +€3,994 | +26.0% |
| Profit (loss) for the period | 9904 | €39,278 | €50,143 | +€10,864 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,278 | €50,143 | +€10,864 | +27.7% |
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.