SOUTHFORK: what changed
Two fiscal 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.
SOUTHFORK
Largest movements
- Financial fixed assets -€1.1m
no longer reported in 2025 (was €1.1m)
- Receivables within one year +€841,309
up €841,309 (+6823.3%), from €12,330 to €853,639
of which Trade receivables: +€809,087
- Tangible fixed assets +€19,008
new in 2025: €19,008
of which Plant, machinery and equipment: +€9,997
- Deferred charges and accrued income +€16,293
new in 2025: €16,293
- Profit (loss) carried forward -€889,488
down €889,488 (-252.5%), from -€352,245 to -€1.2m
- Other debts +€402,926
up €402,926 (+38.1%), from €1.1m to €1.5m
- Trade debts +€346,510
up €346,510 (+1713.6%), from €20,221 to €366,732
- Current portion of long-term debt -€280,000
no longer reported in 2025 (was €280,000)
- Tax, wage and social debts +€166,338
new in 2025: €166,338
of which Remuneration and social security: +€107,419
- Turnover +€3.1m
new in 2025: €3.1m
- Purchases and services +€2.0m
up €2.0m (+25996.3%), from €7,646 to €2.0m
- Gross operating margin +€1.1m
up €1.1m, from -€7,646 to €1.1m
- Staff costs +€1.1m
new in 2025: €1.1m
- Depreciation +€841,348
new in 2025: €841,348
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 | €1,067,280 | €901,166 | -€166,113 | -15.6% |
| Fixed assets | 21/28 | €1,050,002 | €19,008 | -€1.0m | -98.2% |
| Tangible fixed assets | 22/27 | - | €19,008 | +€19,008 | |
| Plant, machinery and equipment | 23 | - | €9,997 | +€9,997 | |
| Furniture and vehicles | 24 | - | €5,288 | +€5,288 | |
| Other tangible fixed assets | 26 | - | €3,723 | +€3,723 | |
| Financial fixed assets | 28 | €1,050,002 | - | -€1.1m | |
| Current assets | 29/58 | €17,278 | €882,158 | +€864,880 | +5005.8% |
| Amounts receivable within one year | 40/41 | €12,330 | €853,639 | +€841,309 | +6823.3% |
| Trade receivables | 40 | - | €809,087 | +€809,087 | |
| Other amounts receivable | 41 | €12,330 | €44,552 | +€32,222 | +261.3% |
| Cash at bank and in hand | 54/58 | €4,948 | €12,226 | +€7,278 | +147.1% |
| Deferred charges and accrued income | 490/1 | - | €16,293 | +€16,293 | |
| Total equity and liabilities | 10/49 | €1,067,280 | €901,166 | -€166,113 | -15.6% |
| Equity | 10/15 | -€290,245 | -€1,179,733 | -€889,488 | -306.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€352,245 | -€1,241,733 | -€889,488 | -252.5% |
| Provisions and deferred taxes | 16 | - | €600 | +€600 | |
| Provisions for liabilities and charges | 160/5 | - | €600 | +€600 | |
| Pensions and similar obligations | 160 | - | €600 | +€600 | |
| Amounts payable | 17/49 | €1,357,524 | €2,080,299 | +€722,774 | +53.2% |
| Amounts payable within one year | 42/48 | €1,357,524 | €1,993,299 | +€635,774 | +46.8% |
| Current portion of amounts payable after more than one year | 42 | €280,000 | - | -€280,000 | |
| Trade debts | 44 | €20,221 | €366,732 | +€346,510 | +1713.6% |
| Suppliers | 440/4 | €20,221 | €366,732 | +€346,510 | +1713.6% |
| Taxes, remuneration and social security | 45 | - | €166,338 | +€166,338 | |
| Taxes | 450/3 | - | €58,920 | +€58,920 | |
| Remuneration and social security | 454/9 | - | €107,419 | +€107,419 | |
| Other amounts payable | 47/48 | €1,057,303 | €1,460,228 | +€402,926 | +38.1% |
| Accrued charges and deferred income | 492/3 | - | €87,000 | +€87,000 | |
| Turnover | 70 | - | €3,074,555 | +€3.1m | |
| Non-recurring operating income | 76A | - | €124 | +€124 | |
| Goods, raw materials, services and sundry goods | 60/61 | €7,646 | €1,995,295 | +€2.0m | +25996.3% |
| Remuneration, social security and pensions | 62 | - | €1,059,077 | +€1.1m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €841,348 | +€841,348 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €600 | +€600 | |
| Other operating charges | 640/8 | €1,571 | €4,350 | +€2,778 | +176.8% |
| Non-recurring operating charges | 66A | - | €2,009 | +€2,009 | |
| Gross operating margin | 9900 | -€7,646 | €1,088,916 | +€1.1m | |
| Operating profit (loss) | 9901 | -€9,217 | -€818,468 | -€809,251 | -8779.7% |
| Financial income | 75/76B | - | €1,129 | +€1,129 | |
| Recurring financial income | 75 | - | €1,129 | +€1,129 | |
| Financial charges | 65/66B | €66,572 | €66,268 | -€304 | -0.5% |
| Recurring financial charges | 65 | €66,572 | €66,268 | -€304 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | -€75,789 | -€883,606 | -€807,817 | -1065.9% |
| Income taxes | 67/77 | - | €5,882 | +€5,882 | |
| Profit (loss) for the period | 9904 | -€75,789 | -€889,488 | -€813,699 | -1073.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,789 | -€889,488 | -€813,699 | -1073.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.