SOTY: 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.
SOTY
Largest movements
- Tangible fixed assets -€35,633
down €35,633 (-6.4%), from €557,141 to €521,508
- Debts after one year -€50,776
down €50,776 (-17.0%), from €298,765 to €247,990
- Profit (loss) carried forward +€17,280
up €17,280 (+32.8%), from €52,712 to €69,992
- Financial charges -€810
down €810 (-13.0%), from €6,248 to €5,437
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 | €570,732 | €538,836 | -€31,896 | -5.6% |
| Fixed assets | 21/28 | €557,141 | €521,508 | -€35,633 | -6.4% |
| Tangible fixed assets | 22/27 | €557,141 | €521,508 | -€35,633 | -6.4% |
| Land and buildings | 22 | €557,141 | €521,508 | -€35,633 | -6.4% |
| Current assets | 29/58 | €13,591 | €17,328 | +€3,737 | +27.5% |
| Amounts receivable within one year | 40/41 | €2,190 | €2,967 | +€778 | +35.5% |
| Other amounts receivable | 41 | €2,190 | €2,967 | +€778 | +35.5% |
| Cash at bank and in hand | 54/58 | €7,416 | €10,350 | +€2,934 | +39.6% |
| Deferred charges and accrued income | 490/1 | €3,985 | €4,011 | +€26 | +0.6% |
| Total equity and liabilities | 10/49 | €570,732 | €538,836 | -€31,896 | -5.6% |
| Equity | 10/15 | €56,712 | €73,992 | +€17,280 | +30.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,712 | €69,992 | +€17,280 | +32.8% |
| Amounts payable | 17/49 | €514,020 | €464,844 | -€49,176 | -9.6% |
| Amounts payable after more than one year | 17 | €298,765 | €247,990 | -€50,776 | -17.0% |
| Financial debts | 170/4 | €298,765 | €247,990 | -€50,776 | -17.0% |
| Amounts payable within one year | 42/48 | €214,769 | €216,437 | +€1,669 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €54,098 | €54,970 | +€872 | +1.6% |
| Taxes, remuneration and social security | 45 | - | €525 | +€525 | |
| Taxes | 450/3 | - | €525 | +€525 | |
| Other amounts payable | 47/48 | €160,670 | €160,942 | +€272 | +0.2% |
| Accrued charges and deferred income | 492/3 | €486 | €417 | -€69 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,633 | €35,633 | = | 0.0% |
| Other operating charges | 640/8 | €2,488 | €2,675 | +€187 | +7.5% |
| Gross operating margin | 9900 | €66,091 | €66,737 | +€646 | +1.0% |
| Operating profit (loss) | 9901 | €27,970 | €28,429 | +€459 | +1.6% |
| Financial income | 75/76B | €99 | €113 | +€14 | +14.2% |
| Recurring financial income | 75 | €99 | €113 | +€14 | +14.2% |
| Financial charges | 65/66B | €6,248 | €5,437 | -€810 | -13.0% |
| Recurring financial charges | 65 | €6,248 | €5,437 | -€810 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €21,821 | €23,105 | +€1,283 | +5.9% |
| Income taxes | 67/77 | €5,455 | €5,825 | +€369 | +6.8% |
| Profit (loss) for the period | 9904 | €16,366 | €17,280 | +€914 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,366 | €17,280 | +€914 | +5.6% |
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 10 October 2026 via checked.be.