SOLE E MARE: 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.
SOLE E MARE
Largest movements
- Cash -€28,129
down €28,129 (-64.8%), from €43,433 to €15,304
mainly Investment in fixed assets (net) (-€11,216) and Other debts (-€8,364)
- Tangible fixed assets -€4,338
down €4,338 (-4.1%), from €106,444 to €102,106
of which Plant, machinery and equipment: -€8,810
- Deferred charges and accrued income +€3,961
up €3,961 (+191.4%), from €2,069 to €6,031
- Receivables within one year +€1,925
up €1,925 (+55.4%), from €3,473 to €5,398
of which Trade receivables: +€4,891
- Other debts -€8,364
down €8,364 (-16.3%), from €51,308 to €42,944
- Current portion of long-term debt -€6,701
down €6,701 (-38.0%), from €17,635 to €10,934
- Profit (loss) carried forward -€6,102
new in 2025: -€6,102
- Tax, wage and social debts -€3,253
down €3,253 (-13.5%), from €24,077 to €20,825
of which Taxes: -€6,333
- Debts after one year -€2,500
down €2,500 (-100.0%), from €2,500 to €0
- Gross operating margin -€139,981
down €139,981 (-39.0%), from €359,340 to €219,359
- Staff costs -€61,725
down €61,725 (-23.1%), from €266,737 to €205,012
- Taxes -€17,034
down €17,034 (-100.0%), from €17,034 to €0
- Depreciation -€5,326
down €5,326 (-25.5%), from €20,881 to €15,554
- Financial charges -€4,785
down €4,785 (-77.9%), from €6,144 to €1,359
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 | €161,259 | €134,957 | -€26,303 | -16.3% |
| Fixed assets | 21/28 | €106,444 | €102,106 | -€4,338 | -4.1% |
| Tangible fixed assets | 22/27 | €106,444 | €102,106 | -€4,338 | -4.1% |
| Plant, machinery and equipment | 23 | €87,369 | €78,559 | -€8,810 | -10.1% |
| Furniture and vehicles | 24 | €14,483 | €12,528 | -€1,956 | -13.5% |
| Other tangible fixed assets | 26 | €4,591 | €11,019 | +€6,428 | +140.0% |
| Current assets | 29/58 | €54,815 | €32,851 | -€21,964 | -40.1% |
| Stocks and contracts in progress | 3 | €5,840 | €6,118 | +€278 | +4.8% |
| Stocks | 30/36 | €5,840 | €6,118 | +€278 | +4.8% |
| Amounts receivable within one year | 40/41 | €3,473 | €5,398 | +€1,925 | +55.4% |
| Trade receivables | 40 | €507 | €5,398 | +€4,891 | +964.2% |
| Other amounts receivable | 41 | €2,966 | €0 | -€2,966 | -100.0% |
| Cash at bank and in hand | 54/58 | €43,433 | €15,304 | -€28,129 | -64.8% |
| Deferred charges and accrued income | 490/1 | €2,069 | €6,031 | +€3,961 | +191.4% |
| Total equity and liabilities | 10/49 | €161,259 | €134,957 | -€26,303 | -16.3% |
| Equity | 10/15 | €46,472 | €40,370 | -€6,102 | -13.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €43,472 | €43,472 | = | 0.0% |
| Distributable reserves | 133 | €43,472 | €43,472 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,102 | -€6,102 | |
| Amounts payable | 17/49 | €114,788 | €94,587 | -€20,201 | -17.6% |
| Amounts payable after more than one year | 17 | €2,500 | €0 | -€2,500 | -100.0% |
| Financial debts | 170/4 | €2,500 | €0 | -€2,500 | -100.0% |
| Amounts payable within one year | 42/48 | €108,690 | €92,380 | -€16,311 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €17,635 | €10,934 | -€6,701 | -38.0% |
| Trade debts | 44 | €15,670 | €17,677 | +€2,007 | +12.8% |
| Suppliers | 440/4 | €15,670 | €17,677 | +€2,007 | +12.8% |
| Taxes, remuneration and social security | 45 | €24,077 | €20,825 | -€3,253 | -13.5% |
| Taxes | 450/3 | €13,621 | €7,288 | -€6,333 | -46.5% |
| Remuneration and social security | 454/9 | €10,456 | €13,536 | +€3,080 | +29.5% |
| Other amounts payable | 47/48 | €51,308 | €42,944 | -€8,364 | -16.3% |
| Accrued charges and deferred income | 492/3 | €3,598 | €2,208 | -€1,390 | -38.6% |
| Remuneration, social security and pensions | 62 | €266,737 | €205,012 | -€61,725 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,881 | €15,554 | -€5,326 | -25.5% |
| Other operating charges | 640/8 | €6,981 | €5,852 | -€1,129 | -16.2% |
| Gross operating margin | 9900 | €359,340 | €219,359 | -€139,981 | -39.0% |
| Operating profit (loss) | 9901 | €64,741 | -€7,060 | -€71,801 | |
| Financial income | 75/76B | €1,908 | €2,317 | +€408 | +21.4% |
| Recurring financial income | 75 | €1,908 | €2,317 | +€408 | +21.4% |
| Financial charges | 65/66B | €6,144 | €1,359 | -€4,785 | -77.9% |
| Recurring financial charges | 65 | €6,144 | €1,359 | -€4,785 | -77.9% |
| Profit (loss) for the period before taxes | 9903 | €60,506 | -€6,102 | -€66,608 | |
| Income taxes | 67/77 | €17,034 | €0 | -€17,034 | -100.0% |
| Profit (loss) for the period | 9904 | €43,472 | -€6,102 | -€49,574 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,472 | -€6,102 | -€49,574 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.