SOHO: 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.
SOHO
Largest movements
- Deferred charges and accrued income -€88,028
down €88,028 (-95.8%), from €91,935 to €3,906
- Receivables within one year +€19,686
up €19,686 (+14.0%), from €140,444 to €160,129
of which Trade receivables: +€41,487
- Tangible fixed assets -€11,361
down €11,361 (-2.5%), from €445,813 to €434,453
of which Land and buildings: -€10,616
- Financial fixed assets +€10,000
up €10,000 (+4.6%), from €216,788 to €226,788
- Profit (loss) carried forward -€75,977
down €75,977 (-112%), from -€68,084 to -€144,061
- Other debts +€36,466
up €36,466 (+71.9%), from €50,720 to €87,186
- Debts after one year -€27,583
down €27,583 (-15.5%), from €178,035 to €150,452
- Current portion of long-term debt -€14,973
down €14,973 (-28.8%), from €51,976 to €37,003
- Gross operating margin +€42,366
up €42,366 (+253%), from €16,746 to €59,112
- Depreciation -€17,481
down €17,481 (-37.5%), from €46,570 to €29,090
- Other operating charges -€2,323
down €2,323 (-33.0%), from €7,049 to €4,726
- Financial charges -€2,018
down €2,018 (-14.9%), from €13,564 to €11,546
- Taxes +€928
up €928 (+6,870%), from €14 to €942
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 | €963,901 | €885,843 | -€78,058 | -8.1% |
| Fixed assets | 21/28 | €662,601 | €661,241 | -€1,361 | -0.2% |
| Tangible fixed assets | 22/27 | €445,813 | €434,453 | -€11,361 | -2.5% |
| Land and buildings | 22 | €436,700 | €426,084 | -€10,616 | -2.4% |
| Plant, machinery and equipment | 23 | - | €3,437 | +€3,437 | |
| Furniture and vehicles | 24 | €9,114 | €4,932 | -€4,182 | -45.9% |
| Financial fixed assets | 28 | €216,788 | €226,788 | +€10,000 | +4.6% |
| Current assets | 29/58 | €301,300 | €224,602 | -€76,697 | -25.5% |
| Amounts receivable within one year | 40/41 | €140,444 | €160,129 | +€19,686 | +14.0% |
| Trade receivables | 40 | €77,088 | €118,575 | +€41,487 | +53.8% |
| Other amounts receivable | 41 | €63,356 | €41,554 | -€21,802 | -34.4% |
| Cash at bank and in hand | 54/58 | €68,921 | €60,566 | -€8,355 | -12.1% |
| Deferred charges and accrued income | 490/1 | €91,935 | €3,906 | -€88,028 | -95.8% |
| Total equity and liabilities | 10/49 | €963,901 | €885,843 | -€78,058 | -8.1% |
| Equity | 10/15 | €654,686 | €578,709 | -€75,977 | -11.6% |
| Contributions | 10/11 | €158,534 | €158,534 | = | 0.0% |
| Reserves | 13 | €564,236 | €564,236 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,093 | €17,093 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,093 | €17,093 | = | 0.0% |
| Distributable reserves | 133 | €547,143 | €547,143 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,084 | -€144,061 | -€75,977 | -112% |
| Amounts payable | 17/49 | €309,215 | €307,134 | -€2,081 | -0.7% |
| Amounts payable after more than one year | 17 | €178,035 | €150,452 | -€27,583 | -15.5% |
| Financial debts | 170/4 | €178,035 | €150,452 | -€27,583 | -15.5% |
| Amounts payable within one year | 42/48 | €128,927 | €153,840 | +€24,913 | +19.3% |
| Current portion of amounts payable after more than one year | 42 | €51,976 | €37,003 | -€14,973 | -28.8% |
| Trade debts | 44 | €23,660 | €25,389 | +€1,728 | +7.3% |
| Suppliers | 440/4 | €23,660 | €25,389 | +€1,728 | +7.3% |
| Taxes, remuneration and social security | 45 | €2,571 | €4,262 | +€1,691 | +65.8% |
| Taxes | 450/3 | €2,049 | €1,639 | -€411 | -20.0% |
| Remuneration and social security | 454/9 | €522 | €2,623 | +€2,102 | +403% |
| Other amounts payable | 47/48 | €50,720 | €87,186 | +€36,466 | +71.9% |
| Accrued charges and deferred income | 492/3 | €2,252 | €2,842 | +€589 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,570 | €29,090 | -€17,481 | -37.5% |
| Other operating charges | 640/8 | €7,049 | €4,726 | -€2,323 | -33.0% |
| Non-recurring operating charges | 66A | - | €88,919 | +€88,919 | |
| Gross operating margin | 9900 | €16,746 | €59,112 | +€42,366 | +253% |
| Operating profit (loss) | 9901 | -€36,874 | -€63,623 | -€26,749 | -72.5% |
| Financial income | 75/76B | €110 | €134 | +€24 | +22.3% |
| Recurring financial income | 75 | €110 | €134 | +€24 | +22.3% |
| Financial charges | 65/66B | €13,564 | €11,546 | -€2,018 | -14.9% |
| Recurring financial charges | 65 | €13,564 | €11,546 | -€2,018 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | -€50,328 | -€75,035 | -€24,707 | -49.1% |
| Income taxes | 67/77 | €14 | €942 | +€928 | +6,870% |
| Profit (loss) for the period | 9904 | -€50,342 | -€75,977 | -€25,635 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,342 | -€75,977 | -€25,635 | -50.9% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.