SOJO: what changed
SOJO
Largest movements
- Receivables within one year +€36,594
up €36,594 (+56.6%), from €64,685 to €101,278
of which Trade receivables: +€29,875
- Stocks and contracts -€11,756
down €11,756 (-70.9%), from €16,582 to €4,827
- Tangible fixed assets -€2,701
down €2,701 (-13.8%), from €19,593 to €16,892
of which Other tangible fixed assets: -€2,516
- Trade debts +€25,635
up €25,635 (+181%), from €14,154 to €39,789
- Tax, wage and social debts -€6,539
down €6,539 (-11.1%), from €58,852 to €52,313
of which Remuneration and social security: -€4,029
- Reserves +€5,272
up €5,272 (+116%), from €4,546 to €9,818
of which Distributable reserves: +€5,272
- Current portion of long-term debt -€4,385
no longer reported in 2025 (was €4,385)
- Profit (loss) carried forward +€4,049
no longer reported in 2025 (was -€4,049)
- Staff costs -€13,118
down €13,118 (-52.5%), from €24,981 to €11,863
- Gross operating margin -€12,712
down €12,712 (-32.6%), from €39,021 to €26,308
- Financial charges -€1,708
down €1,708 (-41.2%), from €4,143 to €2,435
of which Non-recurring financial charges: -€1,838
- Other operating charges +€1,484
up €1,484 (+883%), from €168 to €1,652
- Taxes +€1,280
up €1,280 (+1,693%), from €76 to €1,355
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,230 | €128,786 | +€22,555 | +21.2% |
| Fixed assets | 21/28 | €20,790 | €18,090 | -€2,701 | -13.0% |
| Tangible fixed assets | 22/27 | €19,593 | €16,892 | -€2,701 | -13.8% |
| Plant, machinery and equipment | 23 | €538 | €353 | -€185 | -34.4% |
| Other tangible fixed assets | 26 | €19,055 | €16,539 | -€2,516 | -13.2% |
| Financial fixed assets | 28 | €1,198 | €1,198 | = | 0.0% |
| Current assets | 29/58 | €85,440 | €110,696 | +€25,256 | +29.6% |
| Stocks and contracts in progress | 3 | €16,582 | €4,827 | -€11,756 | -70.9% |
| Stocks | 30/36 | €16,582 | €4,827 | -€11,756 | -70.9% |
| Amounts receivable within one year | 40/41 | €64,685 | €101,278 | +€36,594 | +56.6% |
| Trade receivables | 40 | €9,050 | €38,925 | +€29,875 | +330% |
| Other amounts receivable | 41 | €55,635 | €62,353 | +€6,718 | +12.1% |
| Cash at bank and in hand | 54/58 | €3,415 | €4,591 | +€1,176 | +34.4% |
| Deferred charges and accrued income | 490/1 | €758 | - | -€758 | |
| Total equity and liabilities | 10/49 | €106,230 | €128,786 | +€22,555 | +21.2% |
| Equity | 10/15 | €19,097 | €28,418 | +€9,321 | +48.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,546 | €9,818 | +€5,272 | +116% |
| Tax-exempt reserves | 132 | €4,546 | €4,546 | = | 0.0% |
| Distributable reserves | 133 | - | €5,272 | +€5,272 | |
| Profit (loss) carried forward | 14 | -€4,049 | - | +€4,049 | |
| Amounts payable | 17/49 | €87,133 | €100,367 | +€13,234 | +15.2% |
| Amounts payable within one year | 42/48 | €87,133 | €100,367 | +€13,234 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €4,385 | - | -€4,385 | |
| Financial debts | 43 | €9,741 | €8,265 | -€1,476 | -15.2% |
| Credit institutions | 430/8 | €9,741 | €8,265 | -€1,476 | -15.2% |
| Trade debts | 44 | €14,154 | €39,789 | +€25,635 | +181% |
| Suppliers | 440/4 | €14,154 | €39,789 | +€25,635 | +181% |
| Taxes, remuneration and social security | 45 | €58,852 | €52,313 | -€6,539 | -11.1% |
| Taxes | 450/3 | €29,526 | €27,016 | -€2,510 | -8.5% |
| Remuneration and social security | 454/9 | €29,325 | €25,297 | -€4,029 | -13.7% |
| Non-recurring operating income | 76A | - | €7,955 | +€7,955 | |
| Remuneration, social security and pensions | 62 | €24,981 | €11,863 | -€13,118 | -52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,701 | €2,701 | = | 0.0% |
| Other operating charges | 640/8 | €168 | €1,652 | +€1,484 | +883% |
| Non-recurring operating charges | 66A | - | €182 | +€182 | |
| Gross operating margin | 9900 | €39,021 | €26,308 | -€12,712 | -32.6% |
| Operating profit (loss) | 9901 | €11,171 | €9,911 | -€1,260 | -11.3% |
| Financial income | 75/76B | €3,315 | €3,201 | -€114 | -3.4% |
| Recurring financial income | 75 | €3,315 | €3,201 | -€114 | -3.4% |
| Financial charges | 65/66B | €4,143 | €2,435 | -€1,708 | -41.2% |
| Recurring financial charges | 65 | €1,793 | €1,924 | +€131 | +7.3% |
| Non-recurring financial charges | 66B | €2,350 | €511 | -€1,838 | -78.2% |
| Profit (loss) for the period before taxes | 9903 | €10,343 | €10,676 | +€333 | +3.2% |
| Income taxes | 67/77 | €76 | €1,355 | +€1,280 | +1,693% |
| Profit (loss) for the period | 9904 | €10,268 | €9,321 | -€947 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,268 | €9,321 | -€947 | -9.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.