SONG YE: 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.
SONG YE
Largest movements
- Cash -€19,877
down €19,877 (-26.7%), from €74,435 to €54,558
mainly Contributions, distributions and other (-€25,824) and Investment in fixed assets (net) (-€3,947)
- Stocks and contracts +€3,814
up €3,814 (+37.6%), from €10,138 to €13,952
- Tangible fixed assets +€1,130
up €1,130 (+16.8%), from €6,722 to €7,851
of which Plant, machinery and equipment: +€2,973
- Reserves -€17,745
down €17,745 (-33.4%), from €53,163 to €35,418
of which Distributable reserves: -€17,745
- Other debts +€4,653
up €4,653 (+22.0%), from €21,172 to €25,824
- Current portion of long-term debt -€1,364
no longer reported in 2025 (was €1,364)
- Trade debts +€1,280
up €1,280 (+10.1%), from €12,637 to €13,918
- Gross operating margin -€29,889
down €29,889 (-40.8%), from €73,246 to €43,358
- Depreciation -€9,146
down €9,146 (-76.4%), from €11,964 to €2,818
- Staff costs -€9,022
down €9,022 (-24.6%), from €36,609 to €27,587
- Taxes -€2,748
down €2,748 (-44.2%), from €6,211 to €3,463
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 | €111,572 | €97,814 | -€13,757 | -12.3% |
| Fixed assets | 21/28 | €6,722 | €7,851 | +€1,130 | +16.8% |
| Tangible fixed assets | 22/27 | €6,722 | €7,851 | +€1,130 | +16.8% |
| Plant, machinery and equipment | 23 | €3,103 | €6,076 | +€2,973 | +95.8% |
| Furniture and vehicles | 24 | €1,836 | €333 | -€1,502 | -81.8% |
| Other tangible fixed assets | 26 | €1,782 | €1,442 | -€341 | -19.1% |
| Current assets | 29/58 | €104,850 | €89,963 | -€14,887 | -14.2% |
| Stocks and contracts in progress | 3 | €10,138 | €13,952 | +€3,814 | +37.6% |
| Stocks | 30/36 | €10,138 | €13,952 | +€3,814 | +37.6% |
| Amounts receivable within one year | 40/41 | €19,202 | €19,285 | +€83 | +0.4% |
| Trade receivables | 40 | €1,954 | €5,303 | +€3,349 | +171% |
| Other amounts receivable | 41 | €17,247 | €13,981 | -€3,266 | -18.9% |
| Cash at bank and in hand | 54/58 | €74,435 | €54,558 | -€19,877 | -26.7% |
| Deferred charges and accrued income | 490/1 | €1,076 | €2,168 | +€1,093 | +102% |
| Total equity and liabilities | 10/49 | €111,572 | €97,814 | -€13,757 | -12.3% |
| Equity | 10/15 | €71,763 | €54,018 | -€17,745 | -24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,163 | €35,418 | -€17,745 | -33.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €51,303 | €33,558 | -€17,745 | -34.6% |
| Amounts payable | 17/49 | €39,809 | €43,796 | +€3,988 | +10.0% |
| Amounts payable within one year | 42/48 | €39,809 | €43,796 | +€3,988 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €1,364 | - | -€1,364 | |
| Trade debts | 44 | €12,637 | €13,918 | +€1,280 | +10.1% |
| Suppliers | 440/4 | €12,637 | €13,918 | +€1,280 | +10.1% |
| Taxes, remuneration and social security | 45 | €4,635 | €4,054 | -€581 | -12.5% |
| Taxes | 450/3 | €2,016 | €1,560 | -€456 | -22.6% |
| Remuneration and social security | 454/9 | €2,620 | €2,494 | -€126 | -4.8% |
| Other amounts payable | 47/48 | €21,172 | €25,824 | +€4,653 | +22.0% |
| Non-recurring operating income | 76A | €9 | €417 | +€408 | +4,579% |
| Remuneration, social security and pensions | 62 | €36,609 | €27,587 | -€9,022 | -24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,964 | €2,818 | -€9,146 | -76.4% |
| Other operating charges | 640/8 | €1,238 | €1,316 | +€78 | +6.3% |
| Non-recurring operating charges | 66A | €62 | €0 | -€62 | -99.9% |
| Gross operating margin | 9900 | €73,246 | €43,358 | -€29,889 | -40.8% |
| Operating profit (loss) | 9901 | €23,374 | €11,636 | -€11,738 | -50.2% |
| Financial charges | 65/66B | €149 | €94 | -€55 | -36.9% |
| Recurring financial charges | 65 | €149 | €94 | -€55 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €23,225 | €11,542 | -€11,683 | -50.3% |
| Income taxes | 67/77 | €6,211 | €3,463 | -€2,748 | -44.2% |
| Profit (loss) for the period | 9904 | €17,014 | €8,079 | -€8,935 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,014 | €8,079 | -€8,935 | -52.5% |
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 24 October 2026 via checked.be.