DE SOIGNATIE: 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.
DE SOIGNATIE
Largest movements
- Tangible fixed assets -€12,940
down €12,940 (-50.9%), from €25,407 to €12,467
of which Other tangible fixed assets: -€10,725
- Stocks and contracts -€5,069
down €5,069 (-23.4%), from €21,672 to €16,602
- Intangible fixed assets -€2,410
down €2,410 (-100%), from €2,410 to €0
- Cash +€1,574
up €1,574 (+194%), from €811 to €2,385
mainly Depreciation (+€15,350) and Stocks and contracts (+€5,069)
- Receivables within one year +€1,196
up €1,196 (+433%), from €276 to €1,473
of which Trade receivables: +€1,465
- Trade debts -€10,888
down €10,888 (-42.6%), from €25,570 to €14,682
- Other debts -€6,684
down €6,684 (-30.5%), from €21,882 to €15,198
- Profit (loss) carried forward +€4,218
up €4,218 (+7.4%), from -€57,009 to -€52,791
- Current portion of long-term debt -€3,149
down €3,149 (-69.5%), from €4,530 to €1,381
- Advances received -€2,078
down €2,078 (-100%), from €2,078 to €0
- Gross operating margin +€6,665
up €6,665 (+6.5%), from €101,914 to €108,579
- Staff costs +€5,603
up €5,603 (+7.4%), from €75,604 to €81,206
- Depreciation -€4,821
down €4,821 (-23.9%), from €20,171 to €15,350
- Financial charges -€4,760
down €4,760 (-48.4%), from €9,839 to €5,080
- Other operating charges -€1,190
down €1,190 (-30.3%), from €3,926 to €2,736
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 | €54,215 | €35,884 | -€18,331 | -33.8% |
| Fixed assets | 21/28 | €27,817 | €12,467 | -€15,350 | -55.2% |
| Intangible fixed assets | 21 | €2,410 | €0 | -€2,410 | -100% |
| Tangible fixed assets | 22/27 | €25,407 | €12,467 | -€12,940 | -50.9% |
| Plant, machinery and equipment | 23 | €1,410 | €860 | -€550 | -39.0% |
| Furniture and vehicles | 24 | €1,665 | €0 | -€1,665 | -100% |
| Other tangible fixed assets | 26 | €22,331 | €11,607 | -€10,725 | -48.0% |
| Current assets | 29/58 | €26,398 | €23,418 | -€2,980 | -11.3% |
| Stocks and contracts in progress | 3 | €21,672 | €16,602 | -€5,069 | -23.4% |
| Stocks | 30/36 | €21,672 | €16,602 | -€5,069 | -23.4% |
| Amounts receivable within one year | 40/41 | €276 | €1,473 | +€1,196 | +433% |
| Trade receivables | 40 | €7 | €1,473 | +€1,465 | +19,854% |
| Other amounts receivable | 41 | €269 | €0 | -€269 | -100% |
| Cash at bank and in hand | 54/58 | €811 | €2,385 | +€1,574 | +194% |
| Deferred charges and accrued income | 490/1 | €3,638 | €2,958 | -€681 | -18.7% |
| Total equity and liabilities | 10/49 | €54,215 | €35,884 | -€18,331 | -33.8% |
| Equity | 10/15 | -€40,009 | -€35,791 | +€4,218 | +10.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100% |
| Distributable reserves | 133 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | -€57,009 | -€52,791 | +€4,218 | +7.4% |
| Amounts payable | 17/49 | €94,224 | €71,675 | -€22,549 | -23.9% |
| Amounts payable after more than one year | 17 | €1,381 | €0 | -€1,381 | -100% |
| Financial debts | 170/4 | €1,381 | €0 | -€1,381 | -100% |
| Amounts payable within one year | 42/48 | €92,843 | €71,351 | -€21,492 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €4,530 | €1,381 | -€3,149 | -69.5% |
| Financial debts | 43 | €2,696 | €3,353 | +€657 | +24.4% |
| Credit institutions | 430/8 | €2,696 | €3,353 | +€657 | +24.4% |
| Trade debts | 44 | €25,570 | €14,682 | -€10,888 | -42.6% |
| Suppliers | 440/4 | €25,570 | €14,682 | -€10,888 | -42.6% |
| Advances received on contracts in progress | 46 | €2,078 | €0 | -€2,078 | -100% |
| Taxes, remuneration and social security | 45 | €36,086 | €36,737 | +€651 | +1.8% |
| Taxes | 450/3 | €28,980 | €26,201 | -€2,779 | -9.6% |
| Remuneration and social security | 454/9 | €7,106 | €10,536 | +€3,430 | +48.3% |
| Other amounts payable | 47/48 | €21,882 | €15,198 | -€6,684 | -30.5% |
| Accrued charges and deferred income | 492/3 | - | €324 | +€324 | |
| Non-recurring operating income | 76A | €2,207 | €0 | -€2,207 | -100% |
| Remuneration, social security and pensions | 62 | €75,604 | €81,206 | +€5,603 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,171 | €15,350 | -€4,821 | -23.9% |
| Other operating charges | 640/8 | €3,926 | €2,736 | -€1,190 | -30.3% |
| Non-recurring operating charges | 66A | €435 | €0 | -€435 | -100% |
| Gross operating margin | 9900 | €101,914 | €108,579 | +€6,665 | +6.5% |
| Operating profit (loss) | 9901 | €1,778 | €9,286 | +€7,508 | +422% |
| Financial income | 75/76B | €101 | €12 | -€89 | -88.6% |
| Recurring financial income | 75 | €101 | €12 | -€89 | -88.6% |
| Financial charges | 65/66B | €9,839 | €5,080 | -€4,760 | -48.4% |
| Recurring financial charges | 65 | €9,839 | €5,080 | -€4,760 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,960 | €4,218 | +€12,178 | |
| Income taxes | 67/77 | €248 | €0 | -€248 | -100% |
| Profit (loss) for the period | 9904 | -€8,208 | €4,218 | +€12,426 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,208 | €4,218 | +€12,426 |
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 20 October 2026 via checked.be.