SOUL23: 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.
SOUL23
Largest movements
- Stocks and contracts +€22,492
up €22,492 (+36.1%), from €62,327 to €84,819
- Tangible fixed assets -€8,740
down €8,740 (-19.1%), from €45,778 to €37,038
- Cash +€3,606
up €3,606 (+135%), from €2,674 to €6,279
mainly Depreciation (+€11,618) and Other debts (+€11,313)
- Intangible fixed assets -€1,493
down €1,493 (-38.9%), from €3,836 to €2,343
- Other debts +€11,313
up €11,313 (+14.7%), from €76,764 to €88,077
- Profit (loss) carried forward +€4,723
up €4,723 (+81.1%), from -€5,826 to -€1,103
- Debts after one year -€3,832
down €3,832 (-52.5%), from €7,294 to €3,461
- Tax, wage and social debts +€3,038
up €3,038 (+39.6%), from €7,679 to €10,717
of which Remuneration and social security: +€3,800
- Accrued charges and deferred income -€1,600
down €1,600 (-100%), from €1,600 to €0
- Financial charges -€1,796
down €1,796 (-87.0%), from €2,065 to €269
- Gross operating margin +€1,567
up €1,567 (+3.8%), from €41,136 to €42,703
- Other operating charges -€1,051
down €1,051 (-23.1%), from €4,554 to €3,504
- Staff costs -€977
down €977 (-4.1%), from €23,879 to €22,902
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 | €117,900 | €132,805 | +€14,906 | +12.6% |
| Fixed assets | 21/28 | €50,014 | €39,781 | -€10,233 | -20.5% |
| Intangible fixed assets | 21 | €3,836 | €2,343 | -€1,493 | -38.9% |
| Tangible fixed assets | 22/27 | €45,778 | €37,038 | -€8,740 | -19.1% |
| Land and buildings | 22 | €30,266 | €26,134 | -€4,131 | -13.6% |
| Plant, machinery and equipment | 23 | €4,120 | €3,673 | -€447 | -10.9% |
| Furniture and vehicles | 24 | €11,392 | €7,231 | -€4,161 | -36.5% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €67,885 | €93,024 | +€25,139 | +37.0% |
| Stocks and contracts in progress | 3 | €62,327 | €84,819 | +€22,492 | +36.1% |
| Stocks | 30/36 | €62,327 | €84,819 | +€22,492 | +36.1% |
| Amounts receivable within one year | 40/41 | €1,076 | €698 | -€379 | -35.2% |
| Trade receivables | 40 | €340 | €0 | -€340 | -100% |
| Other amounts receivable | 41 | €736 | €698 | -€39 | -5.2% |
| Cash at bank and in hand | 54/58 | €2,674 | €6,279 | +€3,606 | +135% |
| Deferred charges and accrued income | 490/1 | €1,808 | €1,228 | -€581 | -32.1% |
| Total equity and liabilities | 10/49 | €117,900 | €132,805 | +€14,906 | +12.6% |
| Equity | 10/15 | €14,634 | €19,357 | +€4,723 | +32.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | -€5,826 | -€1,103 | +€4,723 | +81.1% |
| Amounts payable | 17/49 | €103,265 | €113,449 | +€10,183 | +9.9% |
| Amounts payable after more than one year | 17 | €7,294 | €3,461 | -€3,832 | -52.5% |
| Financial debts | 170/4 | €7,294 | €3,461 | -€3,832 | -52.5% |
| Amounts payable within one year | 42/48 | €94,372 | €109,987 | +€15,616 | +16.5% |
| Current portion of amounts payable after more than one year | 42 | €3,837 | €3,861 | +€24 | +0.6% |
| Trade debts | 44 | €6,091 | €7,332 | +€1,241 | +20.4% |
| Suppliers | 440/4 | €6,091 | €7,332 | +€1,241 | +20.4% |
| Taxes, remuneration and social security | 45 | €7,679 | €10,717 | +€3,038 | +39.6% |
| Taxes | 450/3 | €5,164 | €4,402 | -€762 | -14.8% |
| Remuneration and social security | 454/9 | €2,515 | €6,315 | +€3,800 | +151% |
| Other amounts payable | 47/48 | €76,764 | €88,077 | +€11,313 | +14.7% |
| Accrued charges and deferred income | 492/3 | €1,600 | €0 | -€1,600 | -100% |
| Remuneration, social security and pensions | 62 | €23,879 | €22,902 | -€977 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,251 | €11,618 | +€366 | +3.3% |
| Other operating charges | 640/8 | €4,554 | €3,504 | -€1,051 | -23.1% |
| Non-recurring operating charges | 66A | €852 | €0 | -€852 | -100% |
| Gross operating margin | 9900 | €41,136 | €42,703 | +€1,567 | +3.8% |
| Operating profit (loss) | 9901 | €599 | €4,679 | +€4,081 | +681% |
| Financial income | 75/76B | €0 | €312 | +€312 | |
| Recurring financial income | 75 | €0 | €312 | +€312 | |
| Financial charges | 65/66B | €2,065 | €269 | -€1,796 | -87.0% |
| Recurring financial charges | 65 | €2,065 | €269 | -€1,796 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,466 | €4,723 | +€6,188 | |
| Profit (loss) for the period | 9904 | -€1,466 | €4,723 | +€6,188 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,466 | €4,723 | +€6,188 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.