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.
SOFT
Largest movements
- Current investments +€560,000
up €560,000 (+16.3%), from €3.4m to €4.0m
- Receivables within one year +€44,504
up €44,504 (+85.1%), from €52,267 to €96,771
of which Trade receivables: +€33,993
- Reserves +€611,984
up €611,984 (+18.7%), from €3.3m to €3.9m
of which Distributable reserves: +€611,984
- Gross operating margin -€931,354
down €931,354 (-52.6%), from €1.8m to €837,782
- Taxes -€303,285
down €303,285 (-51.4%), from €590,034 to €286,748
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 | €3,638,233 | €4,258,406 | +€620,173 | +17.0% |
| Fixed assets | 21/28 | €63,767 | €52,096 | -€11,672 | -18.3% |
| Tangible fixed assets | 22/27 | €63,767 | €52,096 | -€11,672 | -18.3% |
| Plant, machinery and equipment | 23 | €12,396 | €12,396 | = | 0.0% |
| Furniture and vehicles | 24 | €51,372 | €39,700 | -€11,672 | -22.7% |
| Current assets | 29/58 | €3,574,466 | €4,206,311 | +€631,845 | +17.7% |
| Amounts receivable within one year | 40/41 | €52,267 | €96,771 | +€44,504 | +85.1% |
| Trade receivables | 40 | €46,133 | €80,126 | +€33,993 | +73.7% |
| Other amounts receivable | 41 | €6,134 | €16,645 | +€10,512 | +171.4% |
| Current investments | 50/53 | €3,440,000 | €4,000,000 | +€560,000 | +16.3% |
| Cash at bank and in hand | 54/58 | €81,335 | €109,135 | +€27,800 | +34.2% |
| Deferred charges and accrued income | 490/1 | €864 | €404 | -€460 | -53.2% |
| Total equity and liabilities | 10/49 | €3,638,233 | €4,258,406 | +€620,173 | +17.0% |
| Equity | 10/15 | €3,332,149 | €3,944,134 | +€611,984 | +18.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €3,270,649 | €3,882,634 | +€611,984 | +18.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €3,264,499 | €3,876,484 | +€611,984 | +18.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €306,084 | €314,273 | +€8,189 | +2.7% |
| Amounts payable within one year | 42/48 | €306,084 | €314,161 | +€8,077 | +2.6% |
| Trade debts | 44 | €12,359 | €18,704 | +€6,345 | +51.3% |
| Suppliers | 440/4 | €12,359 | €18,704 | +€6,345 | +51.3% |
| Taxes, remuneration and social security | 45 | €293,725 | €295,457 | +€1,732 | +0.6% |
| Taxes | 450/3 | €293,725 | €295,457 | +€1,732 | +0.6% |
| Accrued charges and deferred income | 492/3 | - | €111 | +€111 | |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,838 | €11,672 | +€3,834 | +48.9% |
| Other operating charges | 640/8 | €1,340 | €1,066 | -€273 | -20.4% |
| Gross operating margin | 9900 | €1,769,136 | €837,782 | -€931,354 | -52.6% |
| Operating profit (loss) | 9901 | €1,759,959 | €825,044 | -€934,915 | -53.1% |
| Financial income | 75/76B | €89,331 | €74,364 | -€14,967 | -16.8% |
| Recurring financial income | 75 | €89,331 | €74,364 | -€14,967 | -16.8% |
| Financial charges | 65/66B | €485 | €675 | +€190 | +39.3% |
| Recurring financial charges | 65 | €485 | €675 | +€190 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | €1,848,804 | €898,733 | -€950,072 | -51.4% |
| Income taxes | 67/77 | €590,034 | €286,748 | -€303,285 | -51.4% |
| Profit (loss) for the period | 9904 | €1,258,771 | €611,984 | -€646,786 | -51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,258,771 | €611,984 | -€646,786 | -51.4% |
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 26 September 2026 via checked.be.