SOS-DECES: 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.
SOS-DECES
Largest movements
- Tangible fixed assets -€1.6m
down €1.6m (-97.2%), from €1.6m to €46,605
of which Land and buildings: -€1.6m
- Receivables within one year +€55,239
up €55,239 (+27.8%), from €198,737 to €253,977
of which Other amounts receivable: +€91,898
- Cash +€39,355
up €39,355 (+10.4%), from €378,028 to €417,383
mainly Investment in fixed assets (net) (+€1.6m) and Net result for the year (+€72,047)
- Stocks and contracts -€34,079
down €34,079 (-22.9%), from €148,698 to €114,619
- Debts after one year -€1.2m
down €1.2m (-85.6%), from €1.4m to €200,000
- Profit (loss) carried forward -€194,981
down €194,981 (-35.3%), from €552,240 to €357,260
- Contributions -€95,000
down €95,000 (-34.5%), from €275,000 to €180,000
- Current portion of long-term debt -€82,399
down €82,399 (-91.6%), from €89,991 to €7,592
- Gross operating margin -€228,314
down €228,314 (-38.4%), from €593,799 to €365,484
- Depreciation -€110,645
down €110,645 (-77.7%), from €142,441 to €31,796
- Staff costs +€57,840
up €57,840 (+32.3%), from €178,968 to €236,808
- Financial charges -€42,138
down €42,138 (-91.4%), from €46,087 to €3,950
- Other operating charges -€29,524
down €29,524 (-92.9%), from €31,764 to €2,240
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 | €2,439,923 | €887,586 | -€1.6m | -63.6% |
| Fixed assets | 21/28 | €1,714,460 | €98,048 | -€1.6m | -94.3% |
| Intangible fixed assets | 21 | €66,563 | €51,142 | -€15,421 | -23.2% |
| Tangible fixed assets | 22/27 | €1,647,596 | €46,605 | -€1.6m | -97.2% |
| Land and buildings | 22 | €1,607,643 | €0 | -€1.6m | -100% |
| Plant, machinery and equipment | 23 | €9,294 | €12,747 | +€3,452 | +37.1% |
| Furniture and vehicles | 24 | €13,460 | €18,786 | +€5,326 | +39.6% |
| Other tangible fixed assets | 26 | €17,199 | €15,073 | -€2,127 | -12.4% |
| Financial fixed assets | 28 | €301 | €301 | = | 0.0% |
| Current assets | 29/58 | €725,463 | €789,538 | +€64,075 | +8.8% |
| Stocks and contracts in progress | 3 | €148,698 | €114,619 | -€34,079 | -22.9% |
| Stocks | 30/36 | €148,698 | €114,619 | -€34,079 | -22.9% |
| Amounts receivable within one year | 40/41 | €198,737 | €253,977 | +€55,239 | +27.8% |
| Trade receivables | 40 | €181,892 | €145,233 | -€36,659 | -20.2% |
| Other amounts receivable | 41 | €16,845 | €108,743 | +€91,898 | +546% |
| Cash at bank and in hand | 54/58 | €378,028 | €417,383 | +€39,355 | +10.4% |
| Deferred charges and accrued income | 490/1 | €0 | €3,559 | +€3,559 | |
| Total equity and liabilities | 10/49 | €2,439,923 | €887,586 | -€1.6m | -63.6% |
| Equity | 10/15 | €834,740 | €542,060 | -€292,681 | -35.1% |
| Contributions | 10/11 | €275,000 | €180,000 | -€95,000 | -34.5% |
| Reserves | 13 | €7,500 | €4,800 | -€2,700 | -36.0% |
| Non-distributable reserves | 130/1 | €7,500 | €4,800 | -€2,700 | -36.0% |
| Reserves not available under the articles | 1311 | €7,500 | €4,800 | -€2,700 | -36.0% |
| Profit (loss) carried forward | 14 | €552,240 | €357,260 | -€194,981 | -35.3% |
| Amounts payable | 17/49 | €1,605,183 | €345,527 | -€1.3m | -78.5% |
| Amounts payable after more than one year | 17 | €1,392,013 | €200,000 | -€1.2m | -85.6% |
| Financial debts | 170/4 | €1,392,013 | €200,000 | -€1.2m | -85.6% |
| Amounts payable within one year | 42/48 | €207,970 | €145,527 | -€62,444 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €89,991 | €7,592 | -€82,399 | -91.6% |
| Trade debts | 44 | €32,405 | €30,823 | -€1,582 | -4.9% |
| Suppliers | 440/4 | €32,405 | €30,823 | -€1,582 | -4.9% |
| Advances received on contracts in progress | 46 | - | €4,280 | +€4,280 | |
| Taxes, remuneration and social security | 45 | €80,549 | €88,805 | +€8,257 | +10.3% |
| Taxes | 450/3 | €53,933 | €54,700 | +€767 | +1.4% |
| Remuneration and social security | 454/9 | €26,616 | €34,106 | +€7,490 | +28.1% |
| Other amounts payable | 47/48 | €5,026 | €14,026 | +€9,000 | +179% |
| Accrued charges and deferred income | 492/3 | €5,200 | €0 | -€5,200 | -100% |
| Remuneration, social security and pensions | 62 | €178,968 | €236,808 | +€57,840 | +32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,441 | €31,796 | -€110,645 | -77.7% |
| Other operating charges | 640/8 | €31,764 | €2,240 | -€29,524 | -92.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €593,799 | €365,484 | -€228,314 | -38.4% |
| Operating profit (loss) | 9901 | €240,627 | €94,640 | -€145,987 | -60.7% |
| Financial income | 75/76B | €807 | €2,901 | +€2,095 | +260% |
| Recurring financial income | 75 | €807 | €2,901 | +€2,095 | +260% |
| Financial charges | 65/66B | €46,087 | €3,950 | -€42,138 | -91.4% |
| Recurring financial charges | 65 | €46,087 | €3,950 | -€42,138 | -91.4% |
| Profit (loss) for the period before taxes | 9903 | €195,346 | €93,592 | -€101,754 | -52.1% |
| Income taxes | 67/77 | €49,472 | €21,545 | -€27,927 | -56.5% |
| Profit (loss) for the period | 9904 | €145,874 | €72,047 | -€73,827 | -50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €145,874 | €72,047 | -€73,827 | -50.6% |
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 14 October 2026 via checked.be.