SOULY HRD: 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.
SOULY HRD
Largest movements
- Cash -€15,725
down €15,725 (-63.0%), from €24,954 to €9,229
mainly Receivables after one year (-€14,700) and Receivables within one year (-€4,631)
- Receivables after one year +€14,700
new in 2025: €14,700
- Receivables within one year +€4,631
up €4,631 (+45.6%), from €10,146 to €14,778
of which Trade receivables: +€3,788
- Tangible fixed assets -€1,877
down €1,877 (-48.0%), from €3,907 to €2,030
- Profit (loss) carried forward +€4,307
up €4,307 (+18.2%), from €23,670 to €27,977
- Other debts -€4,159
down €4,159 (-97.8%), from €4,255 to €96
- Contributions +€2,000
new in 2025: €2,000
- Gross operating margin -€5,839
down €5,839 (-32.5%), from €17,980 to €12,141
- Financial charges +€689
up €689 (+39.3%), from €1,752 to €2,441
- Depreciation +€661
up €661 (+54.3%), from €1,216 to €1,877
- Other operating charges -€540
down €540 (-46.6%), from €1,157 to €617
- Financial income +€368
new in 2025: €368
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 | €39,007 | €41,104 | +€2,097 | +5.4% |
| Fixed assets | 21/28 | €3,907 | €2,030 | -€1,877 | -48.0% |
| Tangible fixed assets | 22/27 | €3,907 | €2,030 | -€1,877 | -48.0% |
| Furniture and vehicles | 24 | €3,907 | €2,030 | -€1,877 | -48.0% |
| Current assets | 29/58 | €35,100 | €39,074 | +€3,974 | +11.3% |
| Amounts receivable after more than one year | 29 | - | €14,700 | +€14,700 | |
| Other amounts receivable | 291 | - | €14,700 | +€14,700 | |
| Amounts receivable within one year | 40/41 | €10,146 | €14,778 | +€4,631 | +45.6% |
| Trade receivables | 40 | €8,938 | €12,726 | +€3,788 | +42.4% |
| Other amounts receivable | 41 | €1,208 | €2,051 | +€843 | +69.8% |
| Cash at bank and in hand | 54/58 | €24,954 | €9,229 | -€15,725 | -63.0% |
| Deferred charges and accrued income | 490/1 | - | €368 | +€368 | |
| Total equity and liabilities | 10/49 | €39,007 | €41,104 | +€2,097 | +5.4% |
| Equity | 10/15 | €23,670 | €29,977 | +€6,307 | +26.6% |
| Contributions | 10/11 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €23,670 | €27,977 | +€4,307 | +18.2% |
| Amounts payable | 17/49 | €15,337 | €11,126 | -€4,211 | -27.5% |
| Amounts payable within one year | 42/48 | €15,337 | €11,126 | -€4,211 | -27.5% |
| Trade debts | 44 | €3,431 | €3,191 | -€239 | -7.0% |
| Suppliers | 440/4 | €3,431 | €3,191 | -€239 | -7.0% |
| Taxes, remuneration and social security | 45 | €7,652 | €7,840 | +€188 | +2.5% |
| Taxes | 450/3 | €7,652 | €7,840 | +€188 | +2.5% |
| Other amounts payable | 47/48 | €4,255 | €96 | -€4,159 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,216 | €1,877 | +€661 | +54.3% |
| Other operating charges | 640/8 | €1,157 | €617 | -€540 | -46.6% |
| Gross operating margin | 9900 | €17,980 | €12,141 | -€5,839 | -32.5% |
| Operating profit (loss) | 9901 | €15,607 | €9,647 | -€5,960 | -38.2% |
| Financial income | 75/76B | - | €368 | +€368 | |
| Recurring financial income | 75 | - | €368 | +€368 | |
| Financial charges | 65/66B | €1,752 | €2,441 | +€689 | +39.3% |
| Recurring financial charges | 65 | €1,752 | €2,441 | +€689 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | €13,855 | €7,573 | -€6,282 | -45.3% |
| Income taxes | 67/77 | €3,559 | €3,266 | -€294 | -8.3% |
| Profit (loss) for the period | 9904 | €10,295 | €4,307 | -€5,988 | -58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,295 | €4,307 | -€5,988 | -58.2% |
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 26 October 2026 via checked.be.