SOFTWOOD: 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.
SOFTWOOD
Largest movements
- Cash -€39,085
down €39,085 (-32.6%), from €120,057 to €80,971
mainly Contributions, distributions and other (-€45,000) and Net result for the year (-€34,214)
- Tangible fixed assets -€6,411
no longer reported in 2025 (was €6,411)
- Reserves -€45,000
no longer reported in 2025 (was €45,000)
- Profit (loss) carried forward -€34,214
down €34,214, from €33,438 to -€776
- Other debts +€33,371
up €33,371 (+59.3%), from €56,233 to €89,604
- Gross operating margin +€1,862
up €1,862 (+6.1%), from -€30,525 to -€28,663
- Depreciation -€811
down €811 (-11.2%), from €7,222 to €6,411
- Taxes -€732
down €732, from €525 to -€207
- Other operating charges -€477
down €477 (-36.4%), from €1,309 to €832
- Financial charges -€452
down €452 (-85.3%), from €530 to €78
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 | €150,068 | €103,769 | -€46,299 | -30.9% |
| Fixed assets | 21/28 | €6,531 | €120 | -€6,411 | -98.2% |
| Tangible fixed assets | 22/27 | €6,411 | - | -€6,411 | |
| Furniture and vehicles | 24 | €6,411 | - | -€6,411 | |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €143,538 | €103,650 | -€39,888 | -27.8% |
| Amounts receivable within one year | 40/41 | €4,170 | €3,070 | -€1,101 | -26.4% |
| Trade receivables | 40 | €1,055 | - | -€1,055 | |
| Other amounts receivable | 41 | €3,115 | €3,070 | -€46 | -1.5% |
| Current investments | 50/53 | €19,310 | €19,310 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €120,057 | €80,971 | -€39,085 | -32.6% |
| Deferred charges and accrued income | 490/1 | - | €299 | +€299 | |
| Total equity and liabilities | 10/49 | €150,068 | €103,769 | -€46,299 | -30.9% |
| Equity | 10/15 | €92,698 | €13,484 | -€79,214 | -85.5% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €45,000 | - | -€45,000 | |
| Distributable reserves | 133 | €45,000 | - | -€45,000 | |
| Profit (loss) carried forward | 14 | €33,438 | -€776 | -€34,214 | |
| Amounts payable | 17/49 | €57,370 | €90,285 | +€32,915 | +57.4% |
| Amounts payable within one year | 42/48 | €57,370 | €90,285 | +€32,915 | +57.4% |
| Trade debts | 44 | €1,007 | €681 | -€326 | -32.4% |
| Suppliers | 440/4 | €1,007 | €681 | -€326 | -32.4% |
| Taxes, remuneration and social security | 45 | €130 | - | -€130 | |
| Taxes | 450/3 | €130 | - | -€130 | |
| Other amounts payable | 47/48 | €56,233 | €89,604 | +€33,371 | +59.3% |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,222 | €6,411 | -€811 | -11.2% |
| Other operating charges | 640/8 | €1,309 | €832 | -€477 | -36.4% |
| Gross operating margin | 9900 | -€30,525 | -€28,663 | +€1,862 | +6.1% |
| Operating profit (loss) | 9901 | -€39,057 | -€35,907 | +€3,150 | +8.1% |
| Financial income | 75/76B | €1,627 | €1,564 | -€63 | -3.9% |
| Recurring financial income | 75 | €1,627 | €1,564 | -€63 | -3.9% |
| Financial charges | 65/66B | €530 | €78 | -€452 | -85.3% |
| Recurring financial charges | 65 | €530 | €78 | -€452 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | -€37,959 | -€34,421 | +€3,538 | +9.3% |
| Income taxes | 67/77 | €525 | -€207 | -€732 | |
| Profit (loss) for the period | 9904 | -€38,484 | -€34,214 | +€4,270 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,484 | -€34,214 | +€4,270 | +11.1% |
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 10 October 2026 via checked.be.