EURO SOAP: what changed
What changed
EURO SOAP
NACE 46.442, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€418,407
2024 · €1.1m-€702,122
Equity
€14.5m
2024 · €14.1m+€418,407
Cash
€250,169
2024 · €144,835+€105,333
Balance sheet total
€20.8m
2024 · €19.2m+€1.6m
Largest movements
Assets
- Stocks and contracts +€1.8m
up €1.8m (+11.3%), from €16.3m to €18.1m
- Receivables within one year -€234,876
down €234,876 (-10.4%), from €2.3m to €2.0m
of which Trade receivables: -€443,734
Equity and liabilities
- Short-term financial debts +€1.1m
up €1.1m (+53.6%), from €2.1m to €3.2m
- Debts after one year +€956,114
up €956,114 (+1,363%), from €70,125 to €1.0m
of which Other amounts payable: +€1.0m
- Trade debts -€698,252
down €698,252 (-27.9%), from €2.5m to €1.8m
- Reserves +€418,407
up €418,407 (+3.4%), from €12.1m to €12.6m
of which Distributable reserves: +€418,407
Income statement
- Turnover -€1.9m
down €1.9m (-13.4%), from €14.3m to €12.4m
- Goods and materials -€1.3m
down €1.3m (-12.0%), from €10.6m to €9.3m
of which Purchases: -€1.7m
- Taxes -€229,466
down €229,466 (-59.7%), from €384,533 to €155,067
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.
Result 2024
€1.1m
Turnover
-€1.9m
Other operating income
-€20,697
Goods and materials
+€1.3m
Services and other goods
-€21,369
Depreciation
-€46,808
Write-downs
-€128,714
Other operating charges
-€35,805
Other operating items
-€9,800
Financial income
-€637
Financial charges
-€14,004
Taxes
+€229,466
Result 2025
€418,407
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.9m
Investment
-€52,544
Financing
+€2.1m
Cash 2024
€144,835
From operations (derived)
-€1.9m
Net result for the year
+€418,407
Depreciation
+€135,399
Stocks and contracts
-€1.8m
Receivables within one year
+€234,876
Smaller working-capital items
-€2,354
Trade debts
-€698,252
Other debts
-€188,153
Accrued charges and deferred income
+€14,198
Investment (derived)
-€52,544
Investment in fixed assets (net)
-€52,544
Financing
+€2.1m
Debts after one year
+€956,114
Current portion of long-term debt
+€1,348
Short-term financial debts
+€1.1m
Cash 2025
€250,169
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,205,947 | €20,824,343 | +€1.6m | +8.4% |
| Fixed assets | 21/28 | €533,351 | €450,496 | -€82,855 | -15.5% |
| Intangible fixed assets | 21 | €57,858 | €66,555 | +€8,697 | +15.0% |
| Tangible fixed assets | 22/27 | €475,493 | €383,941 | -€91,552 | -19.3% |
| Land and buildings | 22 | €54,104 | €47,329 | -€6,775 | -12.5% |
| Plant, machinery and equipment | 23 | €3,017 | €2,005 | -€1,012 | -33.5% |
| Furniture and vehicles | 24 | €418,372 | €334,607 | -€83,765 | -20.0% |
| Current assets | 29/58 | €18,672,597 | €20,373,846 | +€1.7m | +9.1% |
| Stocks and contracts in progress | 3 | €16,252,373 | €18,083,666 | +€1.8m | +11.3% |
| Stocks | 30/36 | €16,252,373 | €18,083,666 | +€1.8m | +11.3% |
| Goods purchased for resale | 34 | €16,252,373 | €18,083,666 | +€1.8m | +11.3% |
| Amounts receivable within one year | 40/41 | €2,255,706 | €2,020,830 | -€234,876 | -10.4% |
| Trade receivables | 40 | €2,217,960 | €1,774,227 | -€443,734 | -20.0% |
| Other amounts receivable | 41 | €37,745 | €246,603 | +€208,858 | +553% |
| Cash at bank and in hand | 54/58 | €144,835 | €250,169 | +€105,333 | +72.7% |
| Deferred charges and accrued income | 490/1 | €19,682 | €19,181 | -€501 | -2.5% |
| Total equity and liabilities | 10/49 | €19,205,947 | €20,824,343 | +€1.6m | +8.4% |
| Equity | 10/15 | €14,123,274 | €14,541,681 | +€418,407 | +3.0% |
| Contributions | 10/11 | €1,977,250 | €1,977,250 | = | 0.0% |
| Capital | 10 | €1,977,250 | €1,977,250 | = | 0.0% |
| Issued capital | 100 | €1,977,250 | €1,977,250 | = | 0.0% |
| Reserves | 13 | €12,146,024 | €12,564,431 | +€418,407 | +3.4% |
| Non-distributable reserves | 130/1 | €197,725 | €197,725 | = | 0.0% |
| Legal reserve | 130 | €197,725 | €197,725 | = | 0.0% |
| Tax-exempt reserves | 132 | €880,264 | €880,264 | = | 0.0% |
| Distributable reserves | 133 | €11,068,036 | €11,486,442 | +€418,407 | +3.8% |
| Amounts payable | 17/49 | €5,082,673 | €6,282,662 | +€1.2m | +23.6% |
| Amounts payable after more than one year | 17 | €70,125 | €1,026,239 | +€956,114 | +1,363% |
| Financial debts | 170/4 | €70,125 | €26,239 | -€43,886 | -62.6% |
| Credit institutions | 173 | €70,125 | €26,239 | -€43,886 | -62.6% |
| Other amounts payable | 178/9 | - | €1,000,000 | +€1.0m | |
| Amounts payable within one year | 42/48 | €4,965,260 | €5,194,936 | +€229,676 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €42,538 | €43,886 | +€1,348 | +3.2% |
| Financial debts | 43 | €2,083,333 | €3,200,922 | +€1.1m | +53.6% |
| Credit institutions | 430/8 | €2,083,333 | €3,200,922 | +€1.1m | +53.6% |
| Trade debts | 44 | €2,505,054 | €1,806,802 | -€698,252 | -27.9% |
| Suppliers | 440/4 | €2,505,054 | €1,806,802 | -€698,252 | -27.9% |
| Taxes, remuneration and social security | 45 | €6,719 | €3,864 | -€2,855 | -42.5% |
| Taxes | 450/3 | €6,719 | €3,864 | -€2,855 | -42.5% |
| Other amounts payable | 47/48 | €327,615 | €139,462 | -€188,153 | -57.4% |
| Accrued charges and deferred income | 492/3 | €47,288 | €61,486 | +€14,198 | +30.0% |
| Operating income | 70/76A | €14,593,444 | €12,641,941 | -€2.0m | -13.4% |
| Turnover | 70 | €14,284,663 | €12,363,656 | -€1.9m | -13.4% |
| Other operating income | 74 | €291,117 | €270,420 | -€20,697 | -7.1% |
| Non-recurring operating income | 76A | €17,665 | €7,865 | -€9,800 | -55.5% |
| Operating charges | 60/66A | €12,956,823 | €11,922,266 | -€1.0m | -8.0% |
| Goods for resale, raw materials and consumables | 60 | €10,589,628 | €9,322,374 | -€1.3m | -12.0% |
| Purchases | 600/8 | €13,021,119 | €11,271,473 | -€1.7m | -13.4% |
| Change in stocks: decrease (increase) | 609 | -€2,431,491 | -€1,949,099 | +€482,392 | +19.8% |
| Services and other goods | 61 | €2,168,217 | €2,189,586 | +€21,369 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,590 | €135,399 | +€46,808 | +52.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,427 | €134,141 | +€128,714 | +2,372% |
| Other operating charges | 640/8 | €104,961 | €140,766 | +€35,805 | +34.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €1,636,622 | €719,675 | -€916,947 | -56.0% |
| Financial income | 75/76B | €9,740 | €9,103 | -€637 | -6.5% |
| Recurring financial income | 75 | €9,740 | €9,103 | -€637 | -6.5% |
| Other financial income | 752/9 | €9,740 | €9,103 | -€637 | -6.5% |
| Financial charges | 65/66B | €141,300 | €155,304 | +€14,004 | +9.9% |
| Recurring financial charges | 65 | €141,300 | €155,304 | +€14,004 | +9.9% |
| Debt charges | 650 | €92,114 | €138,004 | +€45,890 | +49.8% |
| Other financial charges | 652/9 | €49,186 | €17,300 | -€31,887 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | €1,505,061 | €573,474 | -€931,587 | -61.9% |
| Income taxes | 67/77 | €384,533 | €155,067 | -€229,466 | -59.7% |
| Taxes | 670/3 | €384,533 | €155,067 | -€229,466 | -59.7% |
| Profit (loss) for the period | 9904 | €1,120,528 | €418,407 | -€702,122 | -62.7% |
| Transfer from tax-exempt reserves | 789 | €302,600 | €0 | -€302,600 | -100% |
| Transfer to tax-exempt reserves | 689 | €17,015 | €0 | -€17,015 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €1,406,113 | €418,407 | -€987,707 | -70.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.