SO MORE: 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.
SO MORE
Largest movements
- Receivables within one year -€55,313
down €55,313 (-43.4%), from €127,440 to €72,128
of which Trade receivables: -€33,696
- Cash +€8,603
up €8,603 (+1,593%), from €540 to €9,143
mainly Receivables within one year (+€55,313) and Net result for the year (+€4,380)
- Trade debts -€31,722
down €31,722 (-84.0%), from €37,774 to €6,052
- Other debts -€18,822
down €18,822 (-57.5%), from €32,739 to €13,917
- Profit (loss) carried forward +€4,380
up €4,380 (+2,373%), from €185 to €4,565
- Tax, wage and social debts -€1,407
down €1,407 (-22.9%), from €6,144 to €4,737
- Gross operating margin +€17,068
up €17,068, from -€10,644 to €6,424
- Financial income -€2,813
down €2,813 (-100%), from €2,813 to €0
- Other operating charges +€1,441
new in 2025: €1,441
- Depreciation -€509
down €509 (-100%), from €509 to €0
- Staff costs +€250
new in 2025: €250
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 | €138,842 | €91,271 | -€47,571 | -34.3% |
| Fixed assets | 21/28 | €10,862 | €10,000 | -€862 | -7.9% |
| Tangible fixed assets | 22/27 | €862 | €0 | -€862 | -100% |
| Furniture and vehicles | 24 | €862 | €0 | -€862 | -100% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €127,980 | €81,271 | -€46,710 | -36.5% |
| Amounts receivable within one year | 40/41 | €127,440 | €72,128 | -€55,313 | -43.4% |
| Trade receivables | 40 | €33,900 | €204 | -€33,696 | -99.4% |
| Other amounts receivable | 41 | €93,541 | €71,924 | -€21,617 | -23.1% |
| Cash at bank and in hand | 54/58 | €540 | €9,143 | +€8,603 | +1,593% |
| Total equity and liabilities | 10/49 | €138,842 | €91,271 | -€47,571 | -34.3% |
| Equity | 10/15 | €2,185 | €6,565 | +€4,380 | +201% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €185 | €4,565 | +€4,380 | +2,373% |
| Amounts payable | 17/49 | €136,657 | €84,706 | -€51,951 | -38.0% |
| Amounts payable after more than one year | 17 | €60,000 | €60,000 | = | 0.0% |
| Financial debts | 170/4 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €76,657 | €24,706 | -€51,951 | -67.8% |
| Trade debts | 44 | €37,774 | €6,052 | -€31,722 | -84.0% |
| Suppliers | 440/4 | €37,774 | €6,052 | -€31,722 | -84.0% |
| Taxes, remuneration and social security | 45 | €6,144 | €4,737 | -€1,407 | -22.9% |
| Taxes | 450/3 | €6,144 | €4,737 | -€1,407 | -22.9% |
| Other amounts payable | 47/48 | €32,739 | €13,917 | -€18,822 | -57.5% |
| Remuneration, social security and pensions | 62 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €509 | €0 | -€509 | -100% |
| Other operating charges | 640/8 | - | €1,441 | +€1,441 | |
| Gross operating margin | 9900 | -€10,644 | €6,424 | +€17,068 | |
| Operating profit (loss) | 9901 | -€11,153 | €4,734 | +€15,887 | |
| Financial income | 75/76B | €2,813 | €0 | -€2,813 | -100% |
| Recurring financial income | 75 | €2,813 | €0 | -€2,813 | -100% |
| Financial charges | 65/66B | €42 | €273 | +€231 | +554% |
| Recurring financial charges | 65 | €42 | €273 | +€231 | +554% |
| Profit (loss) for the period before taxes | 9903 | -€8,382 | €4,461 | +€12,843 | |
| Income taxes | 67/77 | €50 | €80 | +€30 | +60.0% |
| Profit (loss) for the period | 9904 | -€8,432 | €4,380 | +€12,813 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,432 | €4,380 | +€12,813 |
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 15 October 2026 via checked.be.