Alexander Soetewey: 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.
Alexander Soetewey
Largest movements
- Cash +€32,507
up €32,507 (+455%), from €7,144 to €39,651
mainly Net result for the year (+€32,112) and Debts after one year (+€16,520)
- Tangible fixed assets +€31,805
up €31,805 (+1,927%), from €1,650 to €33,456
of which Furniture and vehicles: +€29,461
- Receivables within one year -€6,790
down €6,790 (-35.7%), from €19,030 to €12,240
of which Trade receivables: -€10,066
- Profit (loss) carried forward +€32,112
up €32,112 (+225%), from €14,293 to €46,405
- Debts after one year +€16,520
new in 2025: €16,520
- Current portion of long-term debt +€6,702
new in 2025: €6,702
- Tax, wage and social debts +€6,456
up €6,456 (+76.3%), from €8,462 to €14,918
- Trade debts -€3,319
down €3,319 (-88.6%), from €3,744 to €425
- Gross operating margin +€31,791
up €31,791 (+174%), from €18,261 to €50,053
- Depreciation +€7,402
up €7,402 (+6,916%), from €107 to €7,509
- Taxes +€5,508
up €5,508 (+143%), from €3,861 to €9,369
- Financial charges +€881
new in 2025: €881
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 | €27,824 | €85,971 | +€58,147 | +209% |
| Fixed assets | 21/28 | €1,650 | €33,456 | +€31,805 | +1,927% |
| Tangible fixed assets | 22/27 | €1,650 | €33,456 | +€31,805 | +1,927% |
| Plant, machinery and equipment | 23 | €1,650 | €3,994 | +€2,344 | +142% |
| Furniture and vehicles | 24 | - | €29,461 | +€29,461 | |
| Current assets | 29/58 | €26,173 | €52,515 | +€26,342 | +101% |
| Amounts receivable within one year | 40/41 | €19,030 | €12,240 | -€6,790 | -35.7% |
| Trade receivables | 40 | €18,967 | €8,901 | -€10,066 | -53.1% |
| Other amounts receivable | 41 | €63 | €3,339 | +€3,276 | +5,200% |
| Cash at bank and in hand | 54/58 | €7,144 | €39,651 | +€32,507 | +455% |
| Deferred charges and accrued income | 490/1 | - | €624 | +€624 | |
| Total equity and liabilities | 10/49 | €27,824 | €85,971 | +€58,147 | +209% |
| Equity | 10/15 | €15,293 | €47,405 | +€32,112 | +210% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,293 | €46,405 | +€32,112 | +225% |
| Amounts payable | 17/49 | €12,531 | €38,566 | +€26,035 | +208% |
| Amounts payable after more than one year | 17 | - | €16,520 | +€16,520 | |
| Financial debts | 170/4 | - | €16,520 | +€16,520 | |
| Amounts payable within one year | 42/48 | €12,531 | €22,045 | +€9,515 | +75.9% |
| Current portion of amounts payable after more than one year | 42 | - | €6,702 | +€6,702 | |
| Trade debts | 44 | €3,744 | €425 | -€3,319 | -88.6% |
| Suppliers | 440/4 | €3,744 | €425 | -€3,319 | -88.6% |
| Taxes, remuneration and social security | 45 | €8,462 | €14,918 | +€6,456 | +76.3% |
| Taxes | 450/3 | €8,462 | €14,918 | +€6,456 | +76.3% |
| Other amounts payable | 47/48 | €324 | - | -€324 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107 | €7,509 | +€7,402 | +6,916% |
| Other operating charges | 640/8 | - | €181 | +€181 | |
| Gross operating margin | 9900 | €18,261 | €50,053 | +€31,791 | +174% |
| Operating profit (loss) | 9901 | €18,154 | €42,362 | +€24,207 | +133% |
| Financial charges | 65/66B | - | €881 | +€881 | |
| Recurring financial charges | 65 | - | €881 | +€881 | |
| Profit (loss) for the period before taxes | 9903 | €18,154 | €41,481 | +€23,327 | +128% |
| Income taxes | 67/77 | €3,861 | €9,369 | +€5,508 | +143% |
| Profit (loss) for the period | 9904 | €14,293 | €32,112 | +€17,819 | +125% |
| Profit (loss) for the period to be appropriated | 9905 | €14,293 | €32,112 | +€17,819 | +125% |
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 22 October 2026 via checked.be.