DE SOUDEUR: 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 SOUDEUR
Largest movements
- Cash +€29,671
up €29,671 (+101%), from €29,515 to €59,186
mainly Net result for the year (+€34,452) and Depreciation (+€9,276)
- Receivables within one year +€14,264
up €14,264 (+169%), from €8,456 to €22,720
of which Trade receivables: +€18,780
- Tangible fixed assets -€6,926
down €6,926 (-17.3%), from €40,082 to €33,157
- Profit (loss) carried forward +€34,452
up €34,452 (+58.8%), from €58,613 to €93,065
- Trade debts +€8,680
up €8,680 (+81.1%), from €10,706 to €19,385
- Other debts -€4,358
down €4,358 (-90.4%), from €4,819 to €461
- Gross operating margin +€31,980
up €31,980 (+49.0%), from €65,319 to €97,299
- Taxes +€7,962
up €7,962 (+190%), from €4,187 to €12,149
- Depreciation +€4,761
up €4,761 (+105%), from €4,514 to €9,276
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 | €88,229 | €125,853 | +€37,624 | +42.6% |
| Fixed assets | 21/28 | €40,082 | €33,157 | -€6,926 | -17.3% |
| Tangible fixed assets | 22/27 | €40,082 | €33,157 | -€6,926 | -17.3% |
| Furniture and vehicles | 24 | €40,082 | €33,157 | -€6,926 | -17.3% |
| Current assets | 29/58 | €48,147 | €92,696 | +€44,550 | +92.5% |
| Stocks and contracts in progress | 3 | €5,950 | €6,874 | +€924 | +15.5% |
| Stocks | 30/36 | €5,950 | €6,874 | +€924 | +15.5% |
| Amounts receivable within one year | 40/41 | €8,456 | €22,720 | +€14,264 | +169% |
| Trade receivables | 40 | €0 | €18,780 | +€18,780 | |
| Other amounts receivable | 41 | €8,456 | €3,940 | -€4,516 | -53.4% |
| Cash at bank and in hand | 54/58 | €29,515 | €59,186 | +€29,671 | +101% |
| Deferred charges and accrued income | 490/1 | €4,226 | €3,916 | -€310 | -7.3% |
| Total equity and liabilities | 10/49 | €88,229 | €125,853 | +€37,624 | +42.6% |
| Equity | 10/15 | €63,613 | €98,065 | +€34,452 | +54.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,613 | €93,065 | +€34,452 | +58.8% |
| Amounts payable | 17/49 | €24,616 | €27,788 | +€3,172 | +12.9% |
| Amounts payable within one year | 42/48 | €24,616 | €27,788 | +€3,172 | +12.9% |
| Trade debts | 44 | €10,706 | €19,385 | +€8,680 | +81.1% |
| Suppliers | 440/4 | €10,706 | €19,385 | +€8,680 | +81.1% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €9,092 | €7,942 | -€1,150 | -12.6% |
| Taxes | 450/3 | €378 | €0 | -€378 | -100% |
| Remuneration and social security | 454/9 | €8,714 | €7,942 | -€772 | -8.9% |
| Other amounts payable | 47/48 | €4,819 | €461 | -€4,358 | -90.4% |
| Remuneration, social security and pensions | 62 | €39,522 | €39,947 | +€424 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,514 | €9,276 | +€4,761 | +105% |
| Other operating charges | 640/8 | €928 | €1,328 | +€400 | +43.2% |
| Gross operating margin | 9900 | €65,319 | €97,299 | +€31,980 | +49.0% |
| Operating profit (loss) | 9901 | €20,354 | €46,749 | +€26,394 | +130% |
| Financial income | 75/76B | €280 | €413 | +€132 | +47.2% |
| Recurring financial income | 75 | €280 | €413 | +€132 | +47.2% |
| Financial charges | 65/66B | €984 | €560 | -€424 | -43.1% |
| Recurring financial charges | 65 | €984 | €560 | -€424 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €19,650 | €46,601 | +€26,951 | +137% |
| Income taxes | 67/77 | €4,187 | €12,149 | +€7,962 | +190% |
| Profit (loss) for the period | 9904 | €15,463 | €34,452 | +€18,989 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €15,463 | €34,452 | +€18,989 | +123% |
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 14 October 2026 via checked.be.