SOULWORX: 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.
SOULWORX
Largest movements
- Receivables after one year -€15,000
down €15,000 (-100%), from €15,000 to €0
- Tangible fixed assets -€13,333
down €13,333 (-6.7%), from €200,031 to €186,699
of which Plant, machinery and equipment: -€6,964
- Other debts +€244,765
up €244,765 (+1,461%), from €16,749 to €261,514
- Reserves -€175,625
down €175,625 (-28.0%), from €626,811 to €451,185
- Accrued charges and deferred income -€77,333
down €77,333 (-21.8%), from €354,000 to €276,667
- Tax, wage and social debts -€15,734
down €15,734 (-16.5%), from €95,532 to €79,798
of which Taxes: -€9,981
- Gross operating margin +€164,289
up €164,289 (+24.9%), from €660,442 to €824,731
- Taxes +€43,032
up €43,032 (+43.9%), from €98,042 to €141,074
- Depreciation -€26,637
down €26,637 (-60.1%), from €44,288 to €17,650
- Staff costs +€18,072
up €18,072 (+8.3%), from €218,645 to €236,717
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 | €1,240,908 | €1,204,707 | -€36,202 | -2.9% |
| Fixed assets | 21/28 | €202,781 | €186,699 | -€16,082 | -7.9% |
| Intangible fixed assets | 21 | €2,749 | €0 | -€2,749 | -100% |
| Tangible fixed assets | 22/27 | €200,031 | €186,699 | -€13,333 | -6.7% |
| Land and buildings | 22 | €189,327 | €183,266 | -€6,061 | -3.2% |
| Plant, machinery and equipment | 23 | €10,370 | €3,406 | -€6,964 | -67.2% |
| Furniture and vehicles | 24 | €335 | €28 | -€307 | -91.7% |
| Current assets | 29/58 | €1,038,128 | €1,018,008 | -€20,120 | -1.9% |
| Amounts receivable after more than one year | 29 | €15,000 | €0 | -€15,000 | -100% |
| Other amounts receivable | 291 | €15,000 | €0 | -€15,000 | -100% |
| Amounts receivable within one year | 40/41 | €43,249 | €42,816 | -€433 | -1.0% |
| Trade receivables | 40 | €26,144 | €33,890 | +€7,746 | +29.6% |
| Other amounts receivable | 41 | €17,105 | €8,926 | -€8,178 | -47.8% |
| Cash at bank and in hand | 54/58 | €969,969 | €969,478 | -€491 | -0.1% |
| Deferred charges and accrued income | 490/1 | €9,910 | €5,714 | -€4,196 | -42.3% |
| Total equity and liabilities | 10/49 | €1,240,908 | €1,204,707 | -€36,202 | -2.9% |
| Equity | 10/15 | €636,811 | €461,185 | -€175,625 | -27.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €626,811 | €451,185 | -€175,625 | -28.0% |
| Distributable reserves | 133 | €626,811 | €451,185 | -€175,625 | -28.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €604,098 | €743,521 | +€139,424 | +23.1% |
| Amounts payable after more than one year | 17 | €119,944 | €108,216 | -€11,728 | -9.8% |
| Financial debts | 170/4 | €119,944 | €108,216 | -€11,728 | -9.8% |
| Amounts payable within one year | 42/48 | €130,154 | €358,639 | +€228,485 | +176% |
| Current portion of amounts payable after more than one year | 42 | €11,578 | €11,728 | +€150 | +1.3% |
| Trade debts | 44 | €6,294 | €5,598 | -€696 | -11.1% |
| Suppliers | 440/4 | €6,294 | €5,598 | -€696 | -11.1% |
| Taxes, remuneration and social security | 45 | €95,532 | €79,798 | -€15,734 | -16.5% |
| Taxes | 450/3 | €70,124 | €60,143 | -€9,981 | -14.2% |
| Remuneration and social security | 454/9 | €25,408 | €19,655 | -€5,753 | -22.6% |
| Other amounts payable | 47/48 | €16,749 | €261,514 | +€244,765 | +1,461% |
| Accrued charges and deferred income | 492/3 | €354,000 | €276,667 | -€77,333 | -21.8% |
| Remuneration, social security and pensions | 62 | €218,645 | €236,717 | +€18,072 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,288 | €17,650 | -€26,637 | -60.1% |
| Other operating charges | 640/8 | €1,604 | €1,669 | +€65 | +4.1% |
| Gross operating margin | 9900 | €660,442 | €824,731 | +€164,289 | +24.9% |
| Operating profit (loss) | 9901 | €395,905 | €568,695 | +€172,790 | +43.6% |
| Financial income | 75/76B | €1,458 | €453 | -€1,005 | -69.0% |
| Recurring financial income | 75 | €1,458 | €453 | -€1,005 | -69.0% |
| Financial charges | 65/66B | €4,217 | €3,698 | -€519 | -12.3% |
| Recurring financial charges | 65 | €4,217 | €3,698 | -€519 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €393,146 | €565,449 | +€172,303 | +43.8% |
| Income taxes | 67/77 | €98,042 | €141,074 | +€43,032 | +43.9% |
| Profit (loss) for the period | 9904 | €295,104 | €424,375 | +€129,271 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €295,104 | €424,375 | +€129,271 | +43.8% |
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 31 October 2026 via checked.be.