SOULFORGE STUDIOS: 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.
SOULFORGE STUDIOS
Largest movements
- Cash +€74,263
up €74,263 (+109%), from €67,884 to €142,147
mainly Other debts (+€87,083) and Net result for the year (+€81,134)
- Receivables within one year +€17,034
up €17,034 (+466%), from €3,656 to €20,690
of which Trade receivables: +€14,900
- Tangible fixed assets -€1,925
down €1,925 (-35.6%), from €5,413 to €3,489
- Other debts +€87,083
up €87,083 (+644%), from €13,531 to €100,614
- Gross operating margin +€111,245
up €111,245 (+435%), from €25,595 to €136,841
- Taxes +€18,183
up €18,183 (+529%), from €3,435 to €21,618
- Financial charges +€10,712
up €10,712 (+5,074%), from €211 to €10,923
- Other operating charges +€5,178
up €5,178 (+32.8%), from €15,793 to €20,971
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 | €79,107 | €167,419 | +€88,312 | +112% |
| Fixed assets | 21/28 | €6,410 | €4,216 | -€2,195 | -34.2% |
| Intangible fixed assets | 21 | €997 | €727 | -€270 | -27.1% |
| Tangible fixed assets | 22/27 | €5,413 | €3,489 | -€1,925 | -35.6% |
| Plant, machinery and equipment | 23 | €5,413 | €3,489 | -€1,925 | -35.6% |
| Current assets | 29/58 | €72,697 | €163,203 | +€90,507 | +124% |
| Amounts receivable within one year | 40/41 | €3,656 | €20,690 | +€17,034 | +466% |
| Trade receivables | 40 | €0 | €14,900 | +€14,900 | |
| Other amounts receivable | 41 | €3,656 | €5,790 | +€2,134 | +58.4% |
| Cash at bank and in hand | 54/58 | €67,884 | €142,147 | +€74,263 | +109% |
| Deferred charges and accrued income | 490/1 | €1,157 | €367 | -€790 | -68.3% |
| Total equity and liabilities | 10/49 | €79,107 | €167,419 | +€88,312 | +112% |
| Equity | 10/15 | €59,768 | €59,768 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €49,768 | €49,768 | = | 0.0% |
| Distributable reserves | 133 | €49,768 | €49,768 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €19,339 | €107,651 | +€88,312 | +457% |
| Amounts payable within one year | 42/48 | €19,339 | €107,381 | +€88,042 | +455% |
| Trade debts | 44 | €1,961 | €3,000 | +€1,039 | +53.0% |
| Suppliers | 440/4 | €1,961 | €3,000 | +€1,039 | +53.0% |
| Taxes, remuneration and social security | 45 | €3,847 | €3,766 | -€81 | -2.1% |
| Taxes | 450/3 | €3,847 | €3,766 | -€81 | -2.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €13,531 | €100,614 | +€87,083 | +644% |
| Accrued charges and deferred income | 492/3 | - | €270 | +€270 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,195 | €2,195 | = | 0.0% |
| Other operating charges | 640/8 | €15,793 | €20,971 | +€5,178 | +32.8% |
| Gross operating margin | 9900 | €25,595 | €136,841 | +€111,245 | +435% |
| Operating profit (loss) | 9901 | €7,608 | €113,675 | +€106,067 | +1,394% |
| Financial income | 75/76B | €433 | €0 | -€433 | -100% |
| Recurring financial income | 75 | €433 | €0 | -€433 | -100% |
| Financial charges | 65/66B | €211 | €10,923 | +€10,712 | +5,074% |
| Recurring financial charges | 65 | €211 | €10,923 | +€10,712 | +5,074% |
| Profit (loss) for the period before taxes | 9903 | €7,829 | €102,752 | +€94,923 | +1,212% |
| Income taxes | 67/77 | €3,435 | €21,618 | +€18,183 | +529% |
| Profit (loss) for the period | 9904 | €4,394 | €81,134 | +€76,740 | +1,746% |
| Profit (loss) for the period to be appropriated | 9905 | €4,394 | €81,134 | +€76,740 | +1,746% |
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 16 October 2026 via checked.be.