SOJOEZ: 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.
SOJOEZ
Largest movements
- Financial fixed assets +€1.6m
up €1.6m (+187%), from €833,360 to €2.4m
- Receivables after one year +€387,602
up €387,602 (+10.2%), from €3.8m to €4.2m
- Receivables within one year +€274,629
up €274,629 (+259%), from €106,091 to €380,720
of which Other amounts receivable: +€350,200
- Cash +€173,779
up €173,779 (+100%), from €173,246 to €347,024
mainly Net result for the year (+€1.3m) and Debts after one year (+€617,725)
- Tangible fixed assets -€122,819
down €122,819 (-56.8%), from €216,393 to €93,575
of which Land and buildings: -€62,195
- Profit (loss) carried forward +€980,120
up €980,120 (+36.3%), from €2.7m to €3.7m
- Debts after one year +€617,725
up €617,725 (+133%), from €466,144 to €1.1m
of which Other amounts payable: +€405,000
- Reserves +€300,000
up €300,000 (+24.6%), from €1.2m to €1.5m
- Short-term financial debts +€257,721
up €257,721 (+85.9%), from €300,013 to €557,734
of which Credit institutions: +€257,721
- Current portion of long-term debt +€91,528
up €91,528 (+33.5%), from €273,367 to €364,895
- Gross operating margin +€1.3m
up €1.3m (+1,870%), from €67,086 to €1.3m
- Other operating charges +€97,949
up €97,949 (+4,733%), from €2,070 to €100,018
- Financial income +€79,685
up €79,685 (+69.5%), from €114,594 to €194,278
- Financial charges +€26,317
up €26,317 (+70.0%), from €37,618 to €63,936
- Taxes +€24,615
up €24,615 (+93.3%), from €26,377 to €50,992
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 | €5,216,512 | €7,502,156 | +€2.3m | +43.8% |
| Fixed assets | 21/28 | €1,049,754 | €2,485,315 | +€1.4m | +137% |
| Tangible fixed assets | 22/27 | €216,393 | €93,575 | -€122,819 | -56.8% |
| Land and buildings | 22 | €120,553 | €58,358 | -€62,195 | -51.6% |
| Furniture and vehicles | 24 | €95,840 | €35,216 | -€60,624 | -63.3% |
| Financial fixed assets | 28 | €833,360 | €2,391,740 | +€1.6m | +187% |
| Current assets | 29/58 | €4,166,758 | €5,016,841 | +€850,083 | +20.4% |
| Amounts receivable after more than one year | 29 | €3,782,163 | €4,169,765 | +€387,602 | +10.2% |
| Other amounts receivable | 291 | €3,782,163 | €4,169,765 | +€387,602 | +10.2% |
| Stocks and contracts in progress | 3 | €100,000 | €100,000 | = | 0.0% |
| Stocks | 30/36 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €106,091 | €380,720 | +€274,629 | +259% |
| Trade receivables | 40 | €91,934 | €16,363 | -€75,571 | -82.2% |
| Other amounts receivable | 41 | €14,157 | €364,357 | +€350,200 | +2,474% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €173,246 | €347,024 | +€173,779 | +100% |
| Deferred charges and accrued income | 490/1 | €5,258 | €19,331 | +€14,073 | +268% |
| Total equity and liabilities | 10/49 | €5,216,512 | €7,502,156 | +€2.3m | +43.8% |
| Equity | 10/15 | €3,928,760 | €5,208,880 | +€1.3m | +32.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,218,639 | €1,518,639 | +€300,000 | +24.6% |
| Distributable reserves | 133 | €1,218,639 | €1,518,639 | +€300,000 | +24.6% |
| Profit (loss) carried forward | 14 | €2,697,721 | €3,677,841 | +€980,120 | +36.3% |
| Amounts payable | 17/49 | €1,287,752 | €2,293,276 | +€1.0m | +78.1% |
| Amounts payable after more than one year | 17 | €466,144 | €1,083,869 | +€617,725 | +133% |
| Financial debts | 170/4 | €466,144 | €678,869 | +€212,725 | +45.6% |
| Other amounts payable | 178/9 | - | €405,000 | +€405,000 | |
| Amounts payable within one year | 42/48 | €620,544 | €1,007,896 | +€387,352 | +62.4% |
| Current portion of amounts payable after more than one year | 42 | €273,367 | €364,895 | +€91,528 | +33.5% |
| Financial debts | 43 | €300,013 | €557,734 | +€257,721 | +85.9% |
| Credit institutions | 430/8 | €300,013 | €557,734 | +€257,721 | +85.9% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €3,176 | €42,766 | +€39,590 | +1,246% |
| Suppliers | 440/4 | €3,176 | €42,766 | +€39,590 | +1,246% |
| Taxes, remuneration and social security | 45 | €20,012 | €42,501 | +€22,489 | +112% |
| Taxes | 450/3 | €20,012 | €42,501 | +€22,489 | +112% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €23,975 | €0 | -€23,975 | -100% |
| Accrued charges and deferred income | 492/3 | €201,064 | €201,511 | +€447 | +0.2% |
| Non-recurring operating income | 76A | - | €1,086,279 | +€1.1m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,952 | €21,046 | -€16,906 | -44.5% |
| Other operating charges | 640/8 | €2,070 | €100,018 | +€97,949 | +4,733% |
| Gross operating margin | 9900 | €67,086 | €1,321,834 | +€1.3m | +1,870% |
| Operating profit (loss) | 9901 | €27,064 | €1,200,770 | +€1.2m | +4,337% |
| Financial income | 75/76B | €114,594 | €194,278 | +€79,685 | +69.5% |
| Recurring financial income | 75 | €114,594 | €194,278 | +€79,685 | +69.5% |
| Financial charges | 65/66B | €37,618 | €63,936 | +€26,317 | +70.0% |
| Recurring financial charges | 65 | €37,618 | €63,936 | +€26,317 | +70.0% |
| Profit (loss) for the period before taxes | 9903 | €104,040 | €1,331,112 | +€1.2m | +1,179% |
| Income taxes | 67/77 | €26,377 | €50,992 | +€24,615 | +93.3% |
| Profit (loss) for the period | 9904 | €77,663 | €1,280,120 | +€1.2m | +1,548% |
| Profit (loss) for the period to be appropriated | 9905 | €77,663 | €1,280,120 | +€1.2m | +1,548% |
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 20 October 2026 via checked.be.