SOHR: 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.
SOHR
Largest movements
- Receivables within one year +€57,955
up €57,955 (+75.3%), from €76,953 to €134,908
of which Other amounts receivable: +€39,973
- Receivables after one year +€31,139
up €31,139 (+2.6%), from €1.2m to €1.2m
- Cash +€26,507
up €26,507 (+2527.9%), from €1,049 to €27,555
mainly Accrued charges and deferred income (+€48,642) and Net result for the year (+€47,430)
- Accrued charges and deferred income +€48,642
up €48,642 (+1541.7%), from €3,155 to €51,797
- Profit (loss) carried forward +€47,430
up €47,430 (+6.6%), from €718,609 to €766,040
- Trade debts +€20,651
up €20,651 (+427.7%), from €4,828 to €25,479
- Gross operating margin -€26,341
down €26,341 (-33.2%), from €79,382 to €53,041
- Taxes -€5,712
down €5,712 (-19.5%), from €29,252 to €23,540
- Financial charges -€4,204
down €4,204 (-23.3%), from €18,020 to €13,816
- Financial income +€2,280
up €2,280 (+6.8%), from €33,444 to €35,724
- Other operating charges +€1,476
up €1,476 (+75.6%), from €1,953 to €3,429
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 | €1,267,611 | €1,388,576 | +€120,965 | +9.5% |
| Fixed assets | 21/28 | €200 | €4,609 | +€4,409 | +2209.2% |
| Tangible fixed assets | 22/27 | €200 | €4,609 | +€4,409 | +2209.2% |
| Furniture and vehicles | 24 | €200 | €4,609 | +€4,409 | +2209.2% |
| Current assets | 29/58 | €1,267,411 | €1,383,967 | +€116,556 | +9.2% |
| Amounts receivable after more than one year | 29 | €1,188,504 | €1,219,643 | +€31,139 | +2.6% |
| Other amounts receivable | 291 | €1,188,504 | €1,219,643 | +€31,139 | +2.6% |
| Amounts receivable within one year | 40/41 | €76,953 | €134,908 | +€57,955 | +75.3% |
| Trade receivables | 40 | €15,956 | €33,939 | +€17,982 | +112.7% |
| Other amounts receivable | 41 | €60,997 | €100,970 | +€39,973 | +65.5% |
| Cash at bank and in hand | 54/58 | €1,049 | €27,555 | +€26,507 | +2527.9% |
| Deferred charges and accrued income | 490/1 | €906 | €1,860 | +€955 | +105.4% |
| Total equity and liabilities | 10/49 | €1,267,611 | €1,388,576 | +€120,965 | +9.5% |
| Equity | 10/15 | €1,052,480 | €1,099,910 | +€47,430 | +4.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €223,871 | €223,871 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €718,609 | €766,040 | +€47,430 | +6.6% |
| Provisions and deferred taxes | 16 | €50,922 | €50,000 | -€922 | -1.8% |
| Provisions for liabilities and charges | 160/5 | €50,922 | €50,000 | -€922 | -1.8% |
| Environmental obligations | 163 | €50,922 | €50,000 | -€922 | -1.8% |
| Amounts payable | 17/49 | €164,209 | €238,665 | +€74,457 | +45.3% |
| Amounts payable within one year | 42/48 | €161,054 | €186,868 | +€25,814 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €1,638 | €1,638 | = | 0.0% |
| Financial debts | 43 | €79,914 | €92,970 | +€13,056 | +16.3% |
| Credit institutions | 430/8 | €79,914 | €92,970 | +€13,056 | +16.3% |
| Trade debts | 44 | €4,828 | €25,479 | +€20,651 | +427.7% |
| Suppliers | 440/4 | €4,828 | €25,479 | +€20,651 | +427.7% |
| Advances received on contracts in progress | 46 | €5,000 | €5,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €68,824 | €60,932 | -€7,892 | -11.5% |
| Taxes | 450/3 | €68,824 | €60,932 | -€7,892 | -11.5% |
| Other amounts payable | 47/48 | €850 | €850 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,155 | €51,797 | +€48,642 | +1541.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,580 | €550 | -€1,030 | -65.2% |
| Other operating charges | 640/8 | €1,953 | €3,429 | +€1,476 | +75.6% |
| Gross operating margin | 9900 | €79,382 | €53,041 | -€26,341 | -33.2% |
| Operating profit (loss) | 9901 | €75,849 | €49,062 | -€26,787 | -35.3% |
| Financial income | 75/76B | €33,444 | €35,724 | +€2,280 | +6.8% |
| Recurring financial income | 75 | €33,444 | €35,724 | +€2,280 | +6.8% |
| Financial charges | 65/66B | €18,020 | €13,816 | -€4,204 | -23.3% |
| Recurring financial charges | 65 | €18,020 | €13,816 | -€4,204 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €91,273 | €70,970 | -€20,302 | -22.2% |
| Income taxes | 67/77 | €29,252 | €23,540 | -€5,712 | -19.5% |
| Profit (loss) for the period | 9904 | €62,021 | €47,430 | -€14,590 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,021 | €47,430 | -€14,590 | -23.5% |
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.