Damien Soiron: what changed
Damien Soiron
Largest movements
- Receivables within one year -€63,305
down €63,305 (-74.2%), from €85,317 to €22,012
of which Trade receivables: -€71,330
- Stocks and contracts -€22,951
down €22,951 (-45.0%), from €50,986 to €28,035
of which Stocks: -€14,641
- Tangible fixed assets +€16,824
up €16,824 (+12.5%), from €134,724 to €151,548
of which Leasing and similar rights: +€34,986
- Cash +€10,122
up €10,122 (+35.9%), from €28,185 to €38,306
mainly Receivables within one year (+€63,305) and Net result for the year (+€23,843)
- Trade debts -€60,156
down €60,156 (-59.5%), from €101,118 to €40,963
- Advances received -€24,898
no longer reported in 2025 (was €24,898)
- Debts after one year +€16,396
up €16,396 (+16.3%), from €100,778 to €117,174
- Profit (loss) carried forward +€11,843
up €11,843 (+32.6%), from €36,353 to €48,195
- Tax, wage and social debts -€4,413
down €4,413 (-29.3%), from €15,038 to €10,626
of which Taxes: -€4,167
- Depreciation -€3,134
down €3,134 (-21.4%), from €14,650 to €11,516
- Staff costs -€3,048
down €3,048 (-99.9%), from €3,050 to €2
- Financial charges +€2,671
up €2,671 (+43.4%), from €6,161 to €8,832
of which Non-recurring financial charges: +€2,232
- Taxes +€2,241
up €2,241 (+53.2%), from €4,217 to €6,458
- Other operating charges -€1,398
down €1,398 (-63.2%), from €2,211 to €813
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 | €300,446 | €243,456 | -€56,990 | -19.0% |
| Fixed assets | 21/28 | €134,724 | €151,548 | +€16,824 | +12.5% |
| Tangible fixed assets | 22/27 | €134,724 | €151,548 | +€16,824 | +12.5% |
| Land and buildings | 22 | €107,841 | €104,414 | -€3,427 | -3.2% |
| Plant, machinery and equipment | 23 | €2,924 | €2,007 | -€917 | -31.4% |
| Furniture and vehicles | 24 | €23,959 | €10,142 | -€13,817 | -57.7% |
| Leasing and similar rights | 25 | - | €34,986 | +€34,986 | |
| Current assets | 29/58 | €165,722 | €91,908 | -€73,814 | -44.5% |
| Stocks and contracts in progress | 3 | €50,986 | €28,035 | -€22,951 | -45.0% |
| Stocks | 30/36 | €42,676 | €28,035 | -€14,641 | -34.3% |
| Contracts in progress | 37 | €8,310 | - | -€8,310 | |
| Amounts receivable within one year | 40/41 | €85,317 | €22,012 | -€63,305 | -74.2% |
| Trade receivables | 40 | €85,317 | €13,986 | -€71,330 | -83.6% |
| Other amounts receivable | 41 | - | €8,026 | +€8,026 | |
| Cash at bank and in hand | 54/58 | €28,185 | €38,306 | +€10,122 | +35.9% |
| Deferred charges and accrued income | 490/1 | €1,235 | €3,554 | +€2,319 | +188% |
| Total equity and liabilities | 10/49 | €300,446 | €243,456 | -€56,990 | -19.0% |
| Equity | 10/15 | €38,853 | €50,695 | +€11,843 | +30.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,353 | €48,195 | +€11,843 | +32.6% |
| Amounts payable | 17/49 | €261,593 | €192,761 | -€68,833 | -26.3% |
| Amounts payable after more than one year | 17 | €100,778 | €117,174 | +€16,396 | +16.3% |
| Financial debts | 170/4 | €100,778 | €117,174 | +€16,396 | +16.3% |
| Amounts payable within one year | 42/48 | €160,816 | €75,587 | -€85,229 | -53.0% |
| Current portion of amounts payable after more than one year | 42 | €8,777 | €11,747 | +€2,970 | +33.8% |
| Trade debts | 44 | €101,118 | €40,963 | -€60,156 | -59.5% |
| Suppliers | 440/4 | €101,118 | €40,963 | -€60,156 | -59.5% |
| Advances received on contracts in progress | 46 | €24,898 | - | -€24,898 | |
| Taxes, remuneration and social security | 45 | €15,038 | €10,626 | -€4,413 | -29.3% |
| Taxes | 450/3 | €14,793 | €10,626 | -€4,167 | -28.2% |
| Remuneration and social security | 454/9 | €246 | - | -€246 | |
| Other amounts payable | 47/48 | €10,984 | €12,252 | +€1,268 | +11.5% |
| Remuneration, social security and pensions | 62 | €3,050 | €2 | -€3,048 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,650 | €11,516 | -€3,134 | -21.4% |
| Other operating charges | 640/8 | €2,211 | €813 | -€1,398 | -63.2% |
| Gross operating margin | 9900 | €50,471 | €51,137 | +€667 | +1.3% |
| Operating profit (loss) | 9901 | €30,560 | €38,807 | +€8,246 | +27.0% |
| Financial income | 75/76B | €312 | €326 | +€14 | +4.6% |
| Recurring financial income | 75 | €312 | €326 | +€14 | +4.6% |
| Financial charges | 65/66B | €6,161 | €8,832 | +€2,671 | +43.4% |
| Recurring financial charges | 65 | €6,161 | €6,600 | +€440 | +7.1% |
| Non-recurring financial charges | 66B | - | €2,232 | +€2,232 | |
| Profit (loss) for the period before taxes | 9903 | €24,711 | €30,301 | +€5,590 | +22.6% |
| Income taxes | 67/77 | €4,217 | €6,458 | +€2,241 | +53.2% |
| Profit (loss) for the period | 9904 | €20,494 | €23,843 | +€3,348 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,494 | €23,843 | +€3,348 | +16.3% |
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 3 November 2026 via checked.be.