SOLE: 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.
SOLE
Largest movements
- Receivables within one year -€6,467
down €6,467 (-3.8%), from €172,096 to €165,629
of which Trade receivables: -€53,861
- Cash +€5,297
up €5,297 (+15.0%), from €35,339 to €40,635
mainly Net result for the year (+€23,562) and Receivables within one year (+€6,467)
- Tangible fixed assets +€4,008
up €4,008 (+259.4%), from €1,545 to €5,553
of which Furniture and vehicles: +€2,360
- Reserves +€23,562
up €23,562 (+33.3%), from €70,760 to €94,323
of which Distributable reserves: +€23,562
- Accrued charges and deferred income -€14,771
down €14,771 (-74.5%), from €19,831 to €5,059
- Tax, wage and social debts -€10,212
down €10,212 (-52.9%), from €19,316 to €9,103
- Trade debts +€5,217
up €5,217 (+109.3%), from €4,773 to €9,990
- Taxes -€18,908
down €18,908 (-69.4%), from €27,232 to €8,325
- Gross operating margin -€17,904
down €17,904 (-25.9%), from €69,237 to €51,334
- Staff costs +€13,953
new in 2025: €13,953
- Other operating charges +€1,288
up €1,288 (+75.5%), from €1,706 to €2,994
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 | €215,663 | €219,459 | +€3,796 | +1.8% |
| Fixed assets | 21/28 | €1,773 | €5,781 | +€4,008 | +226.0% |
| Tangible fixed assets | 22/27 | €1,545 | €5,553 | +€4,008 | +259.4% |
| Land and buildings | 22 | €1,545 | €1,387 | -€159 | -10.3% |
| Plant, machinery and equipment | 23 | €0 | €1,807 | +€1,807 | |
| Furniture and vehicles | 24 | - | €2,360 | +€2,360 | |
| Financial fixed assets | 28 | €228 | €228 | = | 0.0% |
| Current assets | 29/58 | €213,890 | €213,677 | -€212 | -0.1% |
| Stocks and contracts in progress | 3 | €6,429 | €7,413 | +€984 | +15.3% |
| Stocks | 30/36 | €6,429 | €7,413 | +€984 | +15.3% |
| Amounts receivable within one year | 40/41 | €172,096 | €165,629 | -€6,467 | -3.8% |
| Trade receivables | 40 | €53,889 | €28 | -€53,861 | -99.9% |
| Other amounts receivable | 41 | €118,206 | €165,601 | +€47,394 | +40.1% |
| Cash at bank and in hand | 54/58 | €35,339 | €40,635 | +€5,297 | +15.0% |
| Deferred charges and accrued income | 490/1 | €26 | €0 | -€26 | -100.0% |
| Total equity and liabilities | 10/49 | €215,663 | €219,459 | +€3,796 | +1.8% |
| Equity | 10/15 | €171,744 | €195,306 | +€23,562 | +13.7% |
| Reserves | 13 | €70,760 | €94,323 | +€23,562 | +33.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €68,901 | €92,463 | +€23,562 | +34.2% |
| Profit (loss) carried forward | 14 | €100,983 | €100,983 | = | 0.0% |
| Amounts payable | 17/49 | €43,919 | €24,153 | -€19,767 | -45.0% |
| Amounts payable within one year | 42/48 | €24,089 | €19,094 | -€4,995 | -20.7% |
| Trade debts | 44 | €4,773 | €9,990 | +€5,217 | +109.3% |
| Suppliers | 440/4 | €4,773 | €9,990 | +€5,217 | +109.3% |
| Taxes, remuneration and social security | 45 | €19,316 | €9,103 | -€10,212 | -52.9% |
| Taxes | 450/3 | €19,316 | €9,103 | -€10,212 | -52.9% |
| Accrued charges and deferred income | 492/3 | €19,831 | €5,059 | -€14,771 | -74.5% |
| Remuneration, social security and pensions | 62 | - | €13,953 | +€13,953 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €766 | €873 | +€107 | +14.0% |
| Other operating charges | 640/8 | €1,706 | €2,994 | +€1,288 | +75.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €69,237 | €51,334 | -€17,904 | -25.9% |
| Operating profit (loss) | 9901 | €66,766 | €33,514 | -€33,252 | -49.8% |
| Financial income | 75/76B | €30 | €2 | -€28 | -94.2% |
| Recurring financial income | 75 | €30 | €2 | -€28 | -94.2% |
| Financial charges | 65/66B | €1,217 | €1,629 | +€412 | +33.9% |
| Recurring financial charges | 65 | €1,217 | €1,629 | +€412 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | €65,579 | €31,887 | -€33,692 | -51.4% |
| Income taxes | 67/77 | €27,232 | €8,325 | -€18,908 | -69.4% |
| Profit (loss) for the period | 9904 | €38,347 | €23,562 | -€14,784 | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,347 | €23,562 | -€14,784 | -38.6% |
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 5 October 2026 via checked.be.