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
- Tangible fixed assets -€29,916
down €29,916 (-9.0%), from €334,101 to €304,186
- Receivables within one year -€17,675
down €17,675 (-25.0%), from €70,750 to €53,075
- Debts after one year -€46,287
down €46,287 (-18.4%), from €251,677 to €205,390
- Tax, wage and social debts -€16,548
down €16,548 (-51.1%), from €32,371 to €15,823
- Other debts +€15,163
up €15,163 (+16.0%), from €94,609 to €109,771
- Gross operating margin -€27,199
down €27,199 (-38.0%), from €71,539 to €44,340
- Other operating charges -€8,139
down €8,139 (-70.1%), from €11,602 to €3,464
- Taxes -€5,697
down €5,697, from €5,204 to -€493
- Depreciation +€3,314
up €3,314 (+10.9%), from €30,461 to €33,775
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 | €827,782 | €780,033 | -€47,748 | -5.8% |
| Fixed assets | 21/28 | €756,533 | €726,617 | -€29,916 | -4.0% |
| Tangible fixed assets | 22/27 | €334,101 | €304,186 | -€29,916 | -9.0% |
| Land and buildings | 22 | €334,101 | €304,186 | -€29,916 | -9.0% |
| Financial fixed assets | 28 | €422,431 | €422,431 | = | 0.0% |
| Current assets | 29/58 | €71,249 | €53,416 | -€17,833 | -25.0% |
| Amounts receivable within one year | 40/41 | €70,750 | €53,075 | -€17,675 | -25.0% |
| Trade receivables | 40 | €70,750 | €53,075 | -€17,675 | -25.0% |
| Cash at bank and in hand | 54/58 | €499 | €341 | -€158 | -31.6% |
| Total equity and liabilities | 10/49 | €827,782 | €780,033 | -€47,748 | -5.8% |
| Equity | 10/15 | €396,045 | €396,172 | +€127 | 0.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €387,185 | €387,312 | +€127 | 0.0% |
| Amounts payable | 17/49 | €431,736 | €383,861 | -€47,875 | -11.1% |
| Amounts payable after more than one year | 17 | €251,677 | €205,390 | -€46,287 | -18.4% |
| Financial debts | 170/4 | €251,677 | €205,390 | -€46,287 | -18.4% |
| Amounts payable within one year | 42/48 | €180,059 | €178,472 | -€1,588 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €45,651 | €46,287 | +€636 | +1.4% |
| Trade debts | 44 | €7,429 | €6,591 | -€839 | -11.3% |
| Suppliers | 440/4 | €7,429 | €6,591 | -€839 | -11.3% |
| Taxes, remuneration and social security | 45 | €32,371 | €15,823 | -€16,548 | -51.1% |
| Taxes | 450/3 | €32,371 | €15,823 | -€16,548 | -51.1% |
| Other amounts payable | 47/48 | €94,609 | €109,771 | +€15,163 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,461 | €33,775 | +€3,314 | +10.9% |
| Other operating charges | 640/8 | €11,602 | €3,464 | -€8,139 | -70.1% |
| Gross operating margin | 9900 | €71,539 | €44,340 | -€27,199 | -38.0% |
| Operating profit (loss) | 9901 | €29,475 | €7,101 | -€22,374 | -75.9% |
| Financial charges | 65/66B | €7,026 | €7,467 | +€442 | +6.3% |
| Recurring financial charges | 65 | €7,026 | €7,467 | +€442 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €22,450 | -€366 | -€22,816 | |
| Income taxes | 67/77 | €5,204 | -€493 | -€5,697 | |
| Profit (loss) for the period | 9904 | €17,246 | €127 | -€17,119 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,246 | €127 | -€17,119 | -99.3% |
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 7 October 2026 via checked.be.