SOME: 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.
SOME
Largest movements
- Intangible fixed assets -€114,158
down €114,158 (-12.3%), from €931,370 to €817,212
- Stocks and contracts -€90,591
down €90,591 (-14.3%), from €632,611 to €542,020
- Cash -€45,835
down €45,835 (-47.9%), from €95,618 to €49,783
mainly Net result for the year (-€529,656) and Trade debts (-€194,991)
- Receivables within one year -€33,725
down €33,725 (-46.2%), from €72,994 to €39,269
of which Other amounts receivable: -€40,749
- Profit (loss) carried forward -€529,656
down €529,656 (-198.1%), from -€267,320 to -€796,976
- Debts after one year +€468,400
up €468,400 (+74.7%), from €626,989 to €1.1m
of which Financial debts: +€460,000
- Trade debts -€194,991
down €194,991 (-98.6%), from €197,730 to €2,739
- Current portion of long-term debt -€22,948
down €22,948 (-99.7%), from €23,011 to €63
- Gross operating margin -€101,914
down €101,914 (-43.3%), from -€235,231 to -€337,145
- Staff costs +€43,726
up €43,726 (+1457.8%), from €3,000 to €46,726
- Depreciation +€22,204
up €22,204 (+22.9%), from €96,863 to €119,068
- Financial charges -€17,676
down €17,676 (-29.9%), from €59,067 to €41,392
- Financial income +€15,555
up €15,555 (+460201.2%), from €3 to €15,558
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 | €1,744,937 | €1,471,990 | -€272,947 | -15.6% |
| Fixed assets | 21/28 | €939,159 | €834,886 | -€104,273 | -11.1% |
| Intangible fixed assets | 21 | €931,370 | €817,212 | -€114,158 | -12.3% |
| Tangible fixed assets | 22/27 | €7,489 | €17,374 | +€9,885 | +132.0% |
| Plant, machinery and equipment | 23 | €5,809 | €2,917 | -€2,892 | -49.8% |
| Furniture and vehicles | 24 | €1,680 | €14,457 | +€12,777 | +760.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €805,778 | €637,104 | -€168,674 | -20.9% |
| Stocks and contracts in progress | 3 | €632,611 | €542,020 | -€90,591 | -14.3% |
| Stocks | 30/36 | €632,611 | €542,020 | -€90,591 | -14.3% |
| Amounts receivable within one year | 40/41 | €72,994 | €39,269 | -€33,725 | -46.2% |
| Trade receivables | 40 | €17,071 | €24,096 | +€7,024 | +41.1% |
| Other amounts receivable | 41 | €55,923 | €15,174 | -€40,749 | -72.9% |
| Cash at bank and in hand | 54/58 | €95,618 | €49,783 | -€45,835 | -47.9% |
| Deferred charges and accrued income | 490/1 | €4,555 | €6,031 | +€1,477 | +32.4% |
| Total equity and liabilities | 10/49 | €1,744,937 | €1,471,990 | -€272,947 | -15.6% |
| Equity | 10/15 | €253,140 | -€276,516 | -€529,656 | |
| Contributions | 10/11 | €518,600 | €518,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€267,320 | -€796,976 | -€529,656 | -198.1% |
| Amounts payable | 17/49 | €1,491,797 | €1,748,506 | +€256,709 | +17.2% |
| Amounts payable after more than one year | 17 | €626,989 | €1,095,389 | +€468,400 | +74.7% |
| Financial debts | 170/4 | €326,989 | €786,989 | +€460,000 | +140.7% |
| Other amounts payable | 178/9 | €300,000 | €308,400 | +€8,400 | +2.8% |
| Amounts payable within one year | 42/48 | €827,064 | €615,373 | -€211,691 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €23,011 | €63 | -€22,948 | -99.7% |
| Trade debts | 44 | €197,730 | €2,739 | -€194,991 | -98.6% |
| Suppliers | 440/4 | €197,730 | €2,739 | -€194,991 | -98.6% |
| Taxes, remuneration and social security | 45 | €13,195 | €19,443 | +€6,248 | +47.3% |
| Taxes | 450/3 | €12,785 | €19,443 | +€6,658 | +52.1% |
| Remuneration and social security | 454/9 | €410 | - | -€410 | |
| Other amounts payable | 47/48 | €593,128 | €593,128 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €37,744 | €37,744 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €3,000 | €46,726 | +€43,726 | +1457.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,863 | €119,068 | +€22,204 | +22.9% |
| Other operating charges | 640/8 | €2,052 | €884 | -€1,168 | -56.9% |
| Gross operating margin | 9900 | -€235,231 | -€337,145 | -€101,914 | -43.3% |
| Operating profit (loss) | 9901 | -€337,145 | -€503,822 | -€166,677 | -49.4% |
| Financial income | 75/76B | €3 | €15,558 | +€15,555 | +460201.2% |
| Recurring financial income | 75 | €3 | €15,558 | +€15,555 | +460201.2% |
| Financial charges | 65/66B | €59,067 | €41,392 | -€17,676 | -29.9% |
| Recurring financial charges | 65 | €59,067 | €41,392 | -€17,676 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | -€396,209 | -€529,656 | -€133,446 | -33.7% |
| Income taxes | 67/77 | €289 | - | -€289 | |
| Profit (loss) for the period | 9904 | -€396,498 | -€529,656 | -€133,157 | -33.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€396,498 | -€529,656 | -€133,157 | -33.6% |
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 6 October 2026 via checked.be.