SOFTWEL: 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.
SOFTWEL
Largest movements
- Receivables within one year +€139,371
up €139,371 (+77.3%), from €180,204 to €319,575
of which Trade receivables: +€139,371
- Current investments -€139,268
down €139,268 (-94.0%), from €148,147 to €8,879
- Cash -€88,810
down €88,810 (-21.8%), from €406,620 to €317,810
mainly Receivables within one year (-€139,371) and Net result for the year (-€74,682)
- Profit (loss) carried forward -€76,451
down €76,451 (-40.9%), from €186,788 to €110,337
- Trade debts -€26,026
down €26,026 (-72.9%), from €35,706 to €9,680
- Tax, wage and social debts +€12,471
up €12,471 (+9.1%), from €136,309 to €148,780
of which Remuneration and social security: +€11,204
- Staff costs +€58,324
up €58,324 (+7.2%), from €808,271 to €866,595
- Purchases and services -€47,484
down €47,484 (-17.9%), from €265,274 to €217,790
- Gross operating margin +€39,818
up €39,818 (+5.3%), from €753,595 to €793,413
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 | €773,803 | €683,797 | -€90,006 | -11.6% |
| Fixed assets | 21/28 | €23,119 | €21,022 | -€2,097 | -9.1% |
| Tangible fixed assets | 22/27 | €4,230 | €2,134 | -€2,096 | -49.6% |
| Plant, machinery and equipment | 23 | €3,114 | €1,297 | -€1,817 | -58.3% |
| Furniture and vehicles | 24 | €1,117 | €837 | -€280 | -25.0% |
| Financial fixed assets | 28 | €18,888 | €18,888 | -€0 | 0.0% |
| Current assets | 29/58 | €750,684 | €662,775 | -€87,909 | -11.7% |
| Amounts receivable within one year | 40/41 | €180,204 | €319,575 | +€139,371 | +77.3% |
| Trade receivables | 40 | €179,306 | €318,677 | +€139,371 | +77.7% |
| Other amounts receivable | 41 | €898 | €898 | +€0 | 0.0% |
| Current investments | 50/53 | €148,147 | €8,879 | -€139,268 | -94.0% |
| Cash at bank and in hand | 54/58 | €406,620 | €317,810 | -€88,810 | -21.8% |
| Deferred charges and accrued income | 490/1 | €15,713 | €16,511 | +€798 | +5.1% |
| Total equity and liabilities | 10/49 | €773,803 | €683,797 | -€90,006 | -11.6% |
| Equity | 10/15 | €601,788 | €525,337 | -€76,451 | -12.7% |
| Reserves | 13 | €415,000 | €415,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,788 | €110,337 | -€76,451 | -40.9% |
| Amounts payable | 17/49 | €172,015 | €158,460 | -€13,555 | -7.9% |
| Amounts payable within one year | 42/48 | €172,015 | €158,460 | -€13,555 | -7.9% |
| Trade debts | 44 | €35,706 | €9,680 | -€26,026 | -72.9% |
| Suppliers | 440/4 | €35,706 | €9,680 | -€26,026 | -72.9% |
| Taxes, remuneration and social security | 45 | €136,309 | €148,780 | +€12,471 | +9.1% |
| Taxes | 450/3 | €29,261 | €30,528 | +€1,267 | +4.3% |
| Remuneration and social security | 454/9 | €107,048 | €118,252 | +€11,204 | +10.5% |
| Membership fees, donations, legacies and grants | 73 | €975,194 | €950,340 | -€24,854 | -2.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €265,274 | €217,790 | -€47,484 | -17.9% |
| Remuneration, social security and pensions | 62 | €808,271 | €866,595 | +€58,324 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,365 | €2,096 | -€1,269 | -37.7% |
| Other operating charges | 640/8 | €281 | €314 | +€33 | +11.8% |
| Non-recurring operating charges | 66A | €63,997 | - | -€63,997 | |
| Gross operating margin | 9900 | €753,595 | €793,413 | +€39,818 | +5.3% |
| Operating profit (loss) | 9901 | -€122,319 | -€75,592 | +€46,727 | +38.2% |
| Financial income | 75/76B | €938 | €1,096 | +€158 | +16.8% |
| Recurring financial income | 75 | €938 | €1,096 | +€158 | +16.8% |
| Financial charges | 65/66B | €64 | €186 | +€122 | +191% |
| Recurring financial charges | 65 | €64 | €186 | +€122 | +191% |
| Profit (loss) for the period before taxes | 9903 | -€121,445 | -€74,682 | +€46,763 | +38.5% |
| Profit (loss) for the period | 9904 | -€121,445 | -€74,682 | +€46,763 | +38.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€121,445 | -€74,682 | +€46,763 | +38.5% |
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 17 October 2026 via checked.be.