SOJO: 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.
SOJO
Largest movements
- Receivables within one year +€36,594
up €36,594 (+56.6%), from €64,685 to €101,278
of which Trade receivables: +€29,875
- Stocks and contracts -€11,756
down €11,756 (-70.9%), from €16,582 to €4,827
- Tangible fixed assets -€2,701
down €2,701 (-13.8%), from €19,593 to €16,892
of which Other tangible fixed assets: -€2,516
- Trade debts +€25,635
up €25,635 (+181%), from €14,154 to €39,789
- Tax, wage and social debts -€6,539
down €6,539 (-11.1%), from €58,852 to €52,313
of which Remuneration and social security: -€4,029
- Reserves +€5,272
up €5,272 (+116%), from €4,546 to €9,818
of which Distributable reserves: +€5,272
- Current portion of long-term debt -€4,385
no longer reported in 2025 (was €4,385)
- Profit (loss) carried forward +€4,049
no longer reported in 2025 (was -€4,049)
- Staff costs -€13,118
down €13,118 (-52.5%), from €24,981 to €11,863
- Gross operating margin -€12,712
down €12,712 (-32.6%), from €39,021 to €26,308
- Financial charges -€1,708
down €1,708 (-41.2%), from €4,143 to €2,435
of which Non-recurring financial charges: -€1,838
- Other operating charges +€1,484
up €1,484 (+883%), from €168 to €1,652
- Taxes +€1,280
up €1,280 (+1,693%), from €76 to €1,355
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 | €106,230 | €128,786 | +€22,555 | +21.2% |
| Fixed assets | 21/28 | €20,790 | €18,090 | -€2,701 | -13.0% |
| Tangible fixed assets | 22/27 | €19,593 | €16,892 | -€2,701 | -13.8% |
| Plant, machinery and equipment | 23 | €538 | €353 | -€185 | -34.4% |
| Other tangible fixed assets | 26 | €19,055 | €16,539 | -€2,516 | -13.2% |
| Financial fixed assets | 28 | €1,198 | €1,198 | = | 0.0% |
| Current assets | 29/58 | €85,440 | €110,696 | +€25,256 | +29.6% |
| Stocks and contracts in progress | 3 | €16,582 | €4,827 | -€11,756 | -70.9% |
| Stocks | 30/36 | €16,582 | €4,827 | -€11,756 | -70.9% |
| Amounts receivable within one year | 40/41 | €64,685 | €101,278 | +€36,594 | +56.6% |
| Trade receivables | 40 | €9,050 | €38,925 | +€29,875 | +330% |
| Other amounts receivable | 41 | €55,635 | €62,353 | +€6,718 | +12.1% |
| Cash at bank and in hand | 54/58 | €3,415 | €4,591 | +€1,176 | +34.4% |
| Deferred charges and accrued income | 490/1 | €758 | - | -€758 | |
| Total equity and liabilities | 10/49 | €106,230 | €128,786 | +€22,555 | +21.2% |
| Equity | 10/15 | €19,097 | €28,418 | +€9,321 | +48.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,546 | €9,818 | +€5,272 | +116% |
| Tax-exempt reserves | 132 | €4,546 | €4,546 | = | 0.0% |
| Distributable reserves | 133 | - | €5,272 | +€5,272 | |
| Profit (loss) carried forward | 14 | -€4,049 | - | +€4,049 | |
| Amounts payable | 17/49 | €87,133 | €100,367 | +€13,234 | +15.2% |
| Amounts payable within one year | 42/48 | €87,133 | €100,367 | +€13,234 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €4,385 | - | -€4,385 | |
| Financial debts | 43 | €9,741 | €8,265 | -€1,476 | -15.2% |
| Credit institutions | 430/8 | €9,741 | €8,265 | -€1,476 | -15.2% |
| Trade debts | 44 | €14,154 | €39,789 | +€25,635 | +181% |
| Suppliers | 440/4 | €14,154 | €39,789 | +€25,635 | +181% |
| Taxes, remuneration and social security | 45 | €58,852 | €52,313 | -€6,539 | -11.1% |
| Taxes | 450/3 | €29,526 | €27,016 | -€2,510 | -8.5% |
| Remuneration and social security | 454/9 | €29,325 | €25,297 | -€4,029 | -13.7% |
| Non-recurring operating income | 76A | - | €7,955 | +€7,955 | |
| Remuneration, social security and pensions | 62 | €24,981 | €11,863 | -€13,118 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,701 | €2,701 | = | 0.0% |
| Other operating charges | 640/8 | €168 | €1,652 | +€1,484 | +883% |
| Non-recurring operating charges | 66A | - | €182 | +€182 | |
| Gross operating margin | 9900 | €39,021 | €26,308 | -€12,712 | -32.6% |
| Operating profit (loss) | 9901 | €11,171 | €9,911 | -€1,260 | -11.3% |
| Financial income | 75/76B | €3,315 | €3,201 | -€114 | -3.4% |
| Recurring financial income | 75 | €3,315 | €3,201 | -€114 | -3.4% |
| Financial charges | 65/66B | €4,143 | €2,435 | -€1,708 | -41.2% |
| Recurring financial charges | 65 | €1,793 | €1,924 | +€131 | +7.3% |
| Non-recurring financial charges | 66B | €2,350 | €511 | -€1,838 | -78.2% |
| Profit (loss) for the period before taxes | 9903 | €10,343 | €10,676 | +€333 | +3.2% |
| Income taxes | 67/77 | €76 | €1,355 | +€1,280 | +1,693% |
| Profit (loss) for the period | 9904 | €10,268 | €9,321 | -€947 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,268 | €9,321 | -€947 | -9.2% |
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 14 October 2026 via checked.be.