SoHo: what changed
Two fiscal 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
- Stocks and contracts -€1.3m
no longer reported in 2025 (was €1.3m)
- Receivables within one year +€642,091
up €642,091 (+2458.4%), from €26,118 to €668,209
- Tangible fixed assets -€588,318
down €588,318 (-25.0%), from €2.3m to €1.8m
of which Land and buildings: -€575,711
- Cash -€92,824
down €92,824 (-73.4%), from €126,400 to €33,576
mainly Other debts (-€673,194) and Receivables within one year (-€642,091)
- Current investments -€65,565
down €65,565 (-9.1%), from €719,565 to €654,000
- Other debts -€673,194
down €673,194 (-84.9%), from €793,236 to €120,042
- Current portion of long-term debt -€538,960
down €538,960 (-57.7%), from €934,689 to €395,729
- Debts after one year -€290,237
down €290,237 (-44.3%), from €654,464 to €364,227
- Profit (loss) carried forward +€138,989
up €138,989 (+21.4%), from €649,094 to €788,083
- Reserves -€136,825
down €136,825 (-20.9%), from €654,244 to €517,419
of which Tax-exempt reserves: -€136,825
- Purchases and services +€1.7m
up €1.7m (+1321.9%), from €128,994 to €1.8m
- Turnover +€1.7m
up €1.7m (+509.6%), from €331,038 to €2.0m
- Financial income -€107,779
down €107,779 (-91.3%), from €118,068 to €10,289
- Taxes -€27,388
down €27,388, from €23,573 to -€3,815
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 | €4,563,315 | €3,119,206 | -€1.4m | -31.6% |
| Fixed assets | 21/28 | €2,349,322 | €1,761,004 | -€588,318 | -25.0% |
| Tangible fixed assets | 22/27 | €2,349,322 | €1,761,004 | -€588,318 | -25.0% |
| Land and buildings | 22 | €2,292,852 | €1,717,141 | -€575,711 | -25.1% |
| Plant, machinery and equipment | 23 | €30,620 | €19,201 | -€11,419 | -37.3% |
| Furniture and vehicles | 24 | €25,850 | €24,662 | -€1,188 | -4.6% |
| Current assets | 29/58 | €2,213,993 | €1,358,202 | -€855,791 | -38.7% |
| Stocks and contracts in progress | 3 | €1,339,568 | - | -€1.3m | |
| Stocks | 30/36 | €1,339,568 | - | -€1.3m | |
| Amounts receivable within one year | 40/41 | €26,118 | €668,209 | +€642,091 | +2458.4% |
| Trade receivables | 40 | €26,118 | €668,209 | +€642,091 | +2458.4% |
| Current investments | 50/53 | €719,565 | €654,000 | -€65,565 | -9.1% |
| Cash at bank and in hand | 54/58 | €126,400 | €33,576 | -€92,824 | -73.4% |
| Deferred charges and accrued income | 490/1 | €2,342 | €2,417 | +€75 | +3.2% |
| Total equity and liabilities | 10/49 | €4,563,315 | €3,119,206 | -€1.4m | -31.6% |
| Equity | 10/15 | €1,499,329 | €1,501,493 | +€2,164 | +0.1% |
| Contributions | 10/11 | €195,991 | €195,991 | = | 0.0% |
| Reserves | 13 | €654,244 | €517,419 | -€136,825 | -20.9% |
| Non-distributable reserves | 130/1 | €19,599 | €19,599 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,599 | €19,599 | = | 0.0% |
| Tax-exempt reserves | 132 | €264,645 | €127,820 | -€136,825 | -51.7% |
| Distributable reserves | 133 | €370,000 | €370,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €649,094 | €788,083 | +€138,989 | +21.4% |
| Amounts payable | 17/49 | €3,063,986 | €1,617,713 | -€1.4m | -47.2% |
| Amounts payable after more than one year | 17 | €654,464 | €364,227 | -€290,237 | -44.3% |
| Financial debts | 170/4 | €654,464 | €364,227 | -€290,237 | -44.3% |
| Amounts payable within one year | 42/48 | €2,355,920 | €1,159,109 | -€1.2m | -50.8% |
| Current portion of amounts payable after more than one year | 42 | €934,689 | €395,729 | -€538,960 | -57.7% |
| Financial debts | 43 | €600,000 | €625,000 | +€25,000 | +4.2% |
| Credit institutions | 430/8 | €600,000 | €625,000 | +€25,000 | +4.2% |
| Trade debts | 44 | €1,051 | €4,655 | +€3,604 | +342.9% |
| Suppliers | 440/4 | €1,051 | €4,655 | +€3,604 | +342.9% |
| Taxes, remuneration and social security | 45 | €26,944 | €13,683 | -€13,261 | -49.2% |
| Taxes | 450/3 | €26,944 | €13,351 | -€13,593 | -50.4% |
| Remuneration and social security | 454/9 | - | €332 | +€332 | |
| Other amounts payable | 47/48 | €793,236 | €120,042 | -€673,194 | -84.9% |
| Accrued charges and deferred income | 492/3 | €53,602 | €94,377 | +€40,775 | +76.1% |
| Turnover | 70 | €331,038 | €2,018,096 | +€1.7m | +509.6% |
| Non-recurring operating income | 76A | €11,382 | €25,933 | +€14,551 | +127.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €128,994 | €1,834,117 | +€1.7m | +1321.9% |
| Remuneration, social security and pensions | 62 | - | €2,551 | +€2,551 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,656 | €78,892 | -€11,764 | -13.0% |
| Other operating charges | 640/8 | €8,451 | €9,164 | +€713 | +8.4% |
| Non-recurring operating charges | 66A | - | €23,687 | +€23,687 | |
| Gross operating margin | 9900 | €213,426 | €209,912 | -€3,514 | -1.6% |
| Operating profit (loss) | 9901 | €114,319 | €95,618 | -€18,701 | -16.4% |
| Financial income | 75/76B | €118,068 | €10,289 | -€107,779 | -91.3% |
| Recurring financial income | 75 | €118,068 | €10,289 | -€107,779 | -91.3% |
| Financial charges | 65/66B | €118,113 | €107,558 | -€10,555 | -8.9% |
| Recurring financial charges | 65 | €118,113 | €107,558 | -€10,555 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €114,274 | -€1,651 | -€115,925 | |
| Income taxes | 67/77 | €23,573 | -€3,815 | -€27,388 | |
| Profit (loss) for the period | 9904 | €90,701 | €2,164 | -€88,537 | -97.6% |
| Transfer from tax-exempt reserves | 789 | - | €136,825 | +€136,825 | |
| Transfer to tax-exempt reserves | 689 | €50,520 | - | -€50,520 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,181 | €138,989 | +€98,808 | +245.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.