SOHERO: 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.
SOHERO
Largest movements
- Tangible fixed assets -€97,412
down €97,412 (-7.1%), from €1.4m to €1.3m
of which Furniture and vehicles: -€54,293
- Cash -€57,433
down €57,433 (-18.6%), from €308,786 to €251,353
mainly Contributions, distributions and other (-€242,132) and Debts after one year (-€79,272)
- Reserves -€173,297
down €173,297 (-37.7%), from €459,489 to €286,192
of which Distributable reserves: -€172,486
- Other debts +€170,591
up €170,591 (+87.6%), from €194,846 to €365,437
- Debts after one year -€79,272
down €79,272 (-8.0%), from €987,752 to €908,480
- Current portion of long-term debt -€51,840
down €51,840 (-41.4%), from €125,105 to €73,265
- Trade debts -€22,752
down €22,752 (-49.0%), from €46,390 to €23,638
- Gross operating margin -€273,660
down €273,660 (-54.2%), from €504,907 to €231,247
- Staff costs -€138,904
down €138,904 (-84.4%), from €164,628 to €25,724
- Taxes -€21,051
down €21,051 (-43.3%), from €48,668 to €27,617
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 | €1,862,808 | €1,676,073 | -€186,735 | -10.0% |
| Fixed assets | 21/28 | €1,381,521 | €1,280,277 | -€101,244 | -7.3% |
| Intangible fixed assets | 21 | €3,832 | - | -€3,832 | |
| Tangible fixed assets | 22/27 | €1,377,689 | €1,280,277 | -€97,412 | -7.1% |
| Land and buildings | 22 | €1,318,811 | €1,280,277 | -€38,534 | -2.9% |
| Plant, machinery and equipment | 23 | €4,585 | - | -€4,585 | |
| Furniture and vehicles | 24 | €54,293 | - | -€54,293 | |
| Current assets | 29/58 | €481,287 | €395,796 | -€85,491 | -17.8% |
| Amounts receivable within one year | 40/41 | €156,075 | €144,443 | -€11,632 | -7.5% |
| Trade receivables | 40 | €122,746 | €93,318 | -€29,428 | -24.0% |
| Other amounts receivable | 41 | €33,329 | €51,125 | +€17,796 | +53.4% |
| Cash at bank and in hand | 54/58 | €308,786 | €251,353 | -€57,433 | -18.6% |
| Deferred charges and accrued income | 490/1 | €16,426 | - | -€16,426 | |
| Total equity and liabilities | 10/49 | €1,862,808 | €1,676,073 | -€186,735 | -10.0% |
| Equity | 10/15 | €478,089 | €296,680 | -€181,409 | -37.9% |
| Contributions | 10/11 | €18,600 | €10,488 | -€8,112 | -43.6% |
| Capital | 10 | €18,600 | €10,488 | -€8,112 | -43.6% |
| Issued capital | 100 | €18,600 | €10,488 | -€8,112 | -43.6% |
| Reserves | 13 | €459,489 | €286,192 | -€173,297 | -37.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,049 | -€811 | -43.6% |
| Legal reserve | 130 | €1,860 | €1,049 | -€811 | -43.6% |
| Distributable reserves | 133 | €457,629 | €285,143 | -€172,486 | -37.7% |
| Amounts payable | 17/49 | €1,384,719 | €1,379,393 | -€5,326 | -0.4% |
| Amounts payable after more than one year | 17 | €987,752 | €908,480 | -€79,272 | -8.0% |
| Financial debts | 170/4 | €987,752 | €908,480 | -€79,272 | -8.0% |
| Amounts payable within one year | 42/48 | €396,967 | €470,745 | +€73,778 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €125,105 | €73,265 | -€51,840 | -41.4% |
| Trade debts | 44 | €46,390 | €23,638 | -€22,752 | -49.0% |
| Suppliers | 440/4 | €46,390 | €23,638 | -€22,752 | -49.0% |
| Taxes, remuneration and social security | 45 | €30,626 | €8,405 | -€22,221 | -72.6% |
| Taxes | 450/3 | €10,178 | €8,405 | -€1,773 | -17.4% |
| Remuneration and social security | 454/9 | €20,448 | - | -€20,448 | |
| Other amounts payable | 47/48 | €194,846 | €365,437 | +€170,591 | +87.6% |
| Accrued charges and deferred income | 492/3 | - | €168 | +€168 | |
| Remuneration, social security and pensions | 62 | €164,628 | €25,724 | -€138,904 | -84.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,361 | €86,034 | -€1,327 | -1.5% |
| Other operating charges | 640/8 | €4,103 | €1,331 | -€2,772 | -67.6% |
| Gross operating margin | 9900 | €504,907 | €231,247 | -€273,660 | -54.2% |
| Operating profit (loss) | 9901 | €248,815 | €118,158 | -€130,657 | -52.5% |
| Financial income | 75/76B | €2,346 | €5,634 | +€3,288 | +140% |
| Recurring financial income | 75 | €2,346 | €5,634 | +€3,288 | +140% |
| Financial charges | 65/66B | €32,450 | €35,452 | +€3,002 | +9.3% |
| Recurring financial charges | 65 | €32,450 | €35,452 | +€3,002 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €218,711 | €88,340 | -€130,371 | -59.6% |
| Income taxes | 67/77 | €48,668 | €27,617 | -€21,051 | -43.3% |
| Profit (loss) for the period | 9904 | €170,043 | €60,723 | -€109,320 | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €170,043 | €60,723 | -€109,320 | -64.3% |
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.