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
- Tangible fixed assets -€35,427
down €35,427 (-3.5%), from €998,396 to €962,969
- Debts after one year -€120,374
down €120,374 (-19.7%), from €609,882 to €489,507
- Reserves +€77,000
up €77,000 (+27.4%), from €281,000 to €358,000
of which Distributable reserves: +€77,000
- Taxes +€16,008
up €16,008 (+167.7%), from €9,546 to €25,555
- Gross operating margin +€3,851
up €3,851 (+2.8%), from €139,809 to €143,661
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 | €1,040,142 | €1,003,309 | -€36,833 | -3.5% |
| Fixed assets | 21/28 | €998,396 | €962,969 | -€35,427 | -3.5% |
| Tangible fixed assets | 22/27 | €998,396 | €962,969 | -€35,427 | -3.5% |
| Land and buildings | 22 | €998,396 | €962,969 | -€35,427 | -3.5% |
| Current assets | 29/58 | €41,746 | €40,340 | -€1,406 | -3.4% |
| Amounts receivable within one year | 40/41 | €454 | - | -€454 | |
| Other amounts receivable | 41 | €454 | - | -€454 | |
| Cash at bank and in hand | 54/58 | €40,675 | €39,699 | -€975 | -2.4% |
| Deferred charges and accrued income | 490/1 | €617 | €640 | +€23 | +3.8% |
| Total equity and liabilities | 10/49 | €1,040,142 | €1,003,309 | -€36,833 | -3.5% |
| Equity | 10/15 | €288,052 | €364,716 | +€76,664 | +26.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €281,000 | €358,000 | +€77,000 | +27.4% |
| Tax-exempt reserves | 132 | €61,881 | €61,881 | = | 0.0% |
| Distributable reserves | 133 | €219,119 | €296,119 | +€77,000 | +35.1% |
| Profit (loss) carried forward | 14 | €852 | €516 | -€336 | -39.4% |
| Amounts payable | 17/49 | €752,090 | €638,593 | -€113,497 | -15.1% |
| Amounts payable after more than one year | 17 | €609,882 | €489,507 | -€120,374 | -19.7% |
| Financial debts | 170/4 | €609,882 | €489,507 | -€120,374 | -19.7% |
| Amounts payable within one year | 42/48 | €127,088 | €133,640 | +€6,552 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €119,584 | €120,374 | +€790 | +0.7% |
| Trade debts | 44 | €695 | €1,128 | +€433 | +62.2% |
| Suppliers | 440/4 | €695 | €1,128 | +€433 | +62.2% |
| Taxes, remuneration and social security | 45 | €6,809 | €12,138 | +€5,329 | +78.3% |
| Taxes | 450/3 | €6,809 | €12,138 | +€5,329 | +78.3% |
| Accrued charges and deferred income | 492/3 | €15,120 | €15,446 | +€325 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,427 | €35,427 | = | 0.0% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | €139,809 | €143,661 | +€3,851 | +2.8% |
| Operating profit (loss) | 9901 | €103,274 | €107,091 | +€3,817 | +3.7% |
| Financial charges | 65/66B | €5,188 | €4,873 | -€316 | -6.1% |
| Recurring financial charges | 65 | €5,188 | €4,873 | -€316 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €98,086 | €102,218 | +€4,132 | +4.2% |
| Income taxes | 67/77 | €9,546 | €25,555 | +€16,008 | +167.7% |
| Profit (loss) for the period | 9904 | €88,540 | €76,664 | -€11,876 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €88,540 | €76,664 | -€11,876 | -13.4% |
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 9 October 2026 via checked.be.