SOJACK: 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.
SOJACK
Largest movements
- Tangible fixed assets -€69,312
down €69,312 (-8.5%), from €814,438 to €745,126
of which Furniture and vehicles: -€37,843
- Receivables within one year +€12,500
up €12,500 (+38.1%), from €32,790 to €45,290
- Profit (loss) carried forward -€68,175
down €68,175 (-13.9%), from -€489,516 to -€557,691
- Other debts +€49,832
up €49,832 (+40.7%), from €122,396 to €172,229
- Debts after one year -€41,597
down €41,597 (-9.1%), from €456,826 to €415,229
of which Financial debts: -€44,487
- Revaluation surpluses -€21,211
down €21,211 (-4.4%), from €487,553 to €466,342
- Reserves +€21,211
up €21,211 (+16.2%), from €131,016 to €152,228
of which Distributable reserves: +€21,211
- Depreciation -€19,299
down €19,299 (-21.8%), from €88,612 to €69,312
- Gross operating margin -€12,982
down €12,982 (-25.4%), from €51,151 to €38,169
- Financial charges +€4,457
up €4,457 (+16.9%), from €26,344 to €30,801
- Other operating charges -€599
down €599 (-8.8%), from €6,837 to €6,238
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 | €853,901 | €799,799 | -€54,102 | -6.3% |
| Fixed assets | 21/28 | €814,438 | €745,126 | -€69,312 | -8.5% |
| Tangible fixed assets | 22/27 | €814,438 | €745,126 | -€69,312 | -8.5% |
| Land and buildings | 22 | €760,881 | €729,411 | -€31,469 | -4.1% |
| Furniture and vehicles | 24 | €53,557 | €15,714 | -€37,843 | -70.7% |
| Current assets | 29/58 | €39,463 | €54,674 | +€15,211 | +38.5% |
| Amounts receivable within one year | 40/41 | €32,790 | €45,290 | +€12,500 | +38.1% |
| Other amounts receivable | 41 | €32,790 | €45,290 | +€12,500 | +38.1% |
| Cash at bank and in hand | 54/58 | €5,353 | €8,073 | +€2,720 | +50.8% |
| Deferred charges and accrued income | 490/1 | €1,320 | €1,311 | -€9 | -0.7% |
| Total equity and liabilities | 10/49 | €853,901 | €799,799 | -€54,102 | -6.3% |
| Equity | 10/15 | €225,454 | €157,279 | -€68,175 | -30.2% |
| Contributions | 10/11 | €96,400 | €96,400 | = | 0.0% |
| Revaluation surpluses | 12 | €487,553 | €466,342 | -€21,211 | -4.4% |
| Reserves | 13 | €131,016 | €152,228 | +€21,211 | +16.2% |
| Non-distributable reserves | 130/1 | €3,748 | €3,748 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,748 | €3,748 | = | 0.0% |
| Distributable reserves | 133 | €127,268 | €148,479 | +€21,211 | +16.7% |
| Profit (loss) carried forward | 14 | -€489,516 | -€557,691 | -€68,175 | -13.9% |
| Amounts payable | 17/49 | €628,447 | €642,520 | +€14,073 | +2.2% |
| Amounts payable after more than one year | 17 | €456,826 | €415,229 | -€41,597 | -9.1% |
| Financial debts | 170/4 | €456,056 | €411,569 | -€44,487 | -9.8% |
| Other amounts payable | 178/9 | €770 | €3,660 | +€2,890 | +375.3% |
| Amounts payable within one year | 42/48 | €170,697 | €225,501 | +€54,804 | +32.1% |
| Current portion of amounts payable after more than one year | 42 | €46,297 | €49,921 | +€3,624 | +7.8% |
| Trade debts | 44 | €2,004 | €3,351 | +€1,347 | +67.2% |
| Suppliers | 440/4 | €2,004 | €3,351 | +€1,347 | +67.2% |
| Other amounts payable | 47/48 | €122,396 | €172,229 | +€49,832 | +40.7% |
| Accrued charges and deferred income | 492/3 | €924 | €1,790 | +€866 | +93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,612 | €69,312 | -€19,299 | -21.8% |
| Other operating charges | 640/8 | €6,837 | €6,238 | -€599 | -8.8% |
| Gross operating margin | 9900 | €51,151 | €38,169 | -€12,982 | -25.4% |
| Operating profit (loss) | 9901 | -€44,297 | -€37,381 | +€6,916 | +15.6% |
| Financial income | 75/76B | €10 | €9 | -€2 | -15.8% |
| Recurring financial income | 75 | €10 | €9 | -€2 | -15.8% |
| Financial charges | 65/66B | €26,344 | €30,801 | +€4,457 | +16.9% |
| Recurring financial charges | 65 | €26,344 | €30,801 | +€4,457 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | -€70,631 | -€68,173 | +€2,457 | +3.5% |
| Income taxes | 67/77 | €1 | €1 | +€1 | +172.0% |
| Profit (loss) for the period | 9904 | -€70,631 | -€68,175 | +€2,456 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€70,631 | -€68,175 | +€2,456 | +3.5% |
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 1 October 2026 via checked.be.