SOHNAV: what changed
SOHNAV
Largest movements
- Receivables within one year -€2,194
no longer reported in 2025 (was €2,194)
of which Other amounts receivable: -€1,194
- Cash -€1,804
down €1,804 (-60.7%), from €2,973 to €1,169
mainly Tax, wage and social debts (-€14,249) and Trade debts (-€2,728)
- Tangible fixed assets -€294
down €294 (-64.4%), from €456 to €163
- Tax, wage and social debts -€14,249
no longer reported in 2025 (was €14,249)
- Other debts +€13,991
up €13,991 (+125%), from €11,210 to €25,201
- Trade debts -€2,728
no longer reported in 2025 (was €2,728)
- Profit (loss) carried forward -€1,305
down €1,305 (-4.7%), from -€27,564 to -€28,870
- Financial charges -€1,573
down €1,573 (-89.7%), from €1,755 to €181
- Write-downs +€1,000
new in 2025: €1,000
- Depreciation -€879
down €879 (-75.0%), from €1,172 to €294
- Other operating charges -€537
no longer reported in 2025 (was €537)
- Gross operating margin -€532
down €532 (-75.8%), from €702 to €170
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 | €5,623 | €1,331 | -€4,292 | -76.3% |
| Fixed assets | 21/28 | €456 | €163 | -€294 | -64.4% |
| Tangible fixed assets | 22/27 | €456 | €163 | -€294 | -64.4% |
| Plant, machinery and equipment | 23 | €456 | €163 | -€294 | -64.4% |
| Current assets | 29/58 | €5,167 | €1,169 | -€3,998 | -77.4% |
| Amounts receivable within one year | 40/41 | €2,194 | - | -€2,194 | |
| Trade receivables | 40 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €1,194 | - | -€1,194 | |
| Cash at bank and in hand | 54/58 | €2,973 | €1,169 | -€1,804 | -60.7% |
| Total equity and liabilities | 10/49 | €5,623 | €1,331 | -€4,292 | -76.3% |
| Equity | 10/15 | -€22,564 | -€23,870 | -€1,305 | -5.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,564 | -€28,870 | -€1,305 | -4.7% |
| Amounts payable | 17/49 | €28,187 | €25,201 | -€2,986 | -10.6% |
| Amounts payable within one year | 42/48 | €28,187 | €25,201 | -€2,986 | -10.6% |
| Trade debts | 44 | €2,728 | - | -€2,728 | |
| Suppliers | 440/4 | €2,728 | - | -€2,728 | |
| Taxes, remuneration and social security | 45 | €14,249 | - | -€14,249 | |
| Remuneration and social security | 454/9 | €14,249 | - | -€14,249 | |
| Other amounts payable | 47/48 | €11,210 | €25,201 | +€13,991 | +125% |
| Non-recurring operating income | 76A | - | €374 | +€374 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,172 | €294 | -€879 | -75.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,000 | +€1,000 | |
| Other operating charges | 640/8 | €537 | - | -€537 | |
| Gross operating margin | 9900 | €702 | €170 | -€532 | -75.8% |
| Operating profit (loss) | 9901 | -€1,008 | -€1,124 | -€116 | -11.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,755 | €181 | -€1,573 | -89.7% |
| Recurring financial charges | 65 | €1,755 | €181 | -€1,573 | -89.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,762 | -€1,305 | +€1,457 | +52.7% |
| Profit (loss) for the period | 9904 | -€2,762 | -€1,305 | +€1,457 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,762 | -€1,305 | +€1,457 | +52.7% |
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 5 November 2026 via checked.be.