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LOIC SOETE: 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.

What changed

LOIC SOETE

BE 0780.357.080
NACE 43.221, Plumbing work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€58,965
2024 · €26,189+€32,776
Equity
€148,516
2024 · €119,551+€28,965
Cash
€30,892
2024 · €1,815+€29,078
Balance sheet total
€232,519
2024 · €169,005+€63,514

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€34,932

    up €34,932 (+93.8%), from €37,245 to €72,177

    of which Furniture and vehicles: +€37,272

  • Cash +€29,078

    up €29,078 (+1,602%), from €1,815 to €30,892

    mainly Net result for the year (+€58,965) and Other debts (+€29,521)

  • Receivables within one year -€5,788

    down €5,788 (-7.8%), from €73,744 to €67,956

    of which Trade receivables: -€10,587

  • Stocks and contracts +€5,699

    up €5,699 (+11.0%), from €51,692 to €57,391

Equity and liabilities
  • Other debts +€29,521

    up €29,521 (+3,959%), from €746 to €30,266

  • Profit (loss) carried forward +€28,965

    up €28,965 (+636%), from €4,551 to €33,516

  • Debts after one year +€12,570

    up €12,570 (+59.1%), from €21,258 to €33,828

  • Tax, wage and social debts -€8,260

    down €8,260 (-56.5%), from €14,615 to €6,354

    of which Taxes: -€6,260

  • Current portion of long-term debt +€4,854

    up €4,854 (+118%), from €4,117 to €8,971

Income statement
  • Gross operating margin +€58,526

    up €58,526 (+118%), from €49,761 to €108,288

  • Staff costs +€14,315

    up €14,315 (+224%), from €6,389 to €20,703

  • Taxes +€3,700

    up €3,700 (+38.5%), from €9,603 to €13,302

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €26,189
Gross operating margin +€58,526
Staff costs -€14,315
Depreciation -€279
Other operating charges +€359
Other operating items -€7,450
Financial income +€384
Financial charges -€750
Taxes -€3,700
Result 2025 €58,965
raises the resultlowers the resultnot broken down further in the accounts

Derived cash bridge

cash 2024 to 2025

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.

From operations +€83,982
Investment -€42,329
Financing -€12,576
Cash 2024 €1,815
Net result for the year +€58,965
Depreciation +€7,397
Stocks and contracts -€5,699
Receivables within one year +€5,788
Deferred charges and accrued income +€406
Trade debts -€4,082
Tax, wage and social debts -€8,260
Other debts +€29,521
Accrued charges and deferred income -€54
Investment in fixed assets (net) -€42,329
Debts after one year +€12,570
Current portion of long-term debt +€4,854
Contributions, distributions and other -€30,000
Cash 2025 €30,892
brings cash intakes cash out
Every line side by side 46 lines
Line Code 2024 2025 Change %
Total assets 20/58 €169,005 €232,519 +€63,514 +37.6%
Fixed assets 21/28 €37,245 €72,177 +€34,932 +93.8%
Tangible fixed assets 22/27 €37,245 €72,177 +€34,932 +93.8%
Plant, machinery and equipment 23 €4,717 €2,377 -€2,340 -49.6%
Furniture and vehicles 24 €32,528 €69,800 +€37,272 +115%
Current assets 29/58 €131,760 €160,343 +€28,583 +21.7%
Stocks and contracts in progress 3 €51,692 €57,391 +€5,699 +11.0%
Stocks 30/36 €51,692 €57,391 +€5,699 +11.0%
Amounts receivable within one year 40/41 €73,744 €67,956 -€5,788 -7.8%
Trade receivables 40 €63,458 €52,871 -€10,587 -16.7%
Other amounts receivable 41 €10,286 €15,085 +€4,800 +46.7%
Cash at bank and in hand 54/58 €1,815 €30,892 +€29,078 +1,602%
Deferred charges and accrued income 490/1 €4,509 €4,103 -€406 -9.0%
Total equity and liabilities 10/49 €169,005 €232,519 +€63,514 +37.6%
Equity 10/15 €119,551 €148,516 +€28,965 +24.2%
Contributions 10/11 €10,000 €10,000 = 0.0%
Reserves 13 €105,000 €105,000 = 0.0%
Distributable reserves 133 €105,000 €105,000 = 0.0%
Profit (loss) carried forward 14 €4,551 €33,516 +€28,965 +636%
Amounts payable 17/49 €49,454 €84,003 +€34,550 +69.9%
Amounts payable after more than one year 17 €21,258 €33,828 +€12,570 +59.1%
Financial debts 170/4 €21,258 €33,828 +€12,570 +59.1%
Amounts payable within one year 42/48 €28,027 €50,060 +€22,033 +78.6%
Current portion of amounts payable after more than one year 42 €4,117 €8,971 +€4,854 +118%
Trade debts 44 €8,550 €4,468 -€4,082 -47.7%
Suppliers 440/4 €8,550 €4,468 -€4,082 -47.7%
Taxes, remuneration and social security 45 €14,615 €6,354 -€8,260 -56.5%
Taxes 450/3 €12,615 €6,354 -€6,260 -49.6%
Remuneration and social security 454/9 €2,000 - -€2,000
Other amounts payable 47/48 €746 €30,266 +€29,521 +3,959%
Accrued charges and deferred income 492/3 €168 €115 -€54 -31.8%
Non-recurring operating income 76A - €4,323 +€4,323
Remuneration, social security and pensions 62 €6,389 €20,703 +€14,315 +224%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €7,118 €7,397 +€279 +3.9%
Other operating charges 640/8 €839 €480 -€359 -42.8%
Non-recurring operating charges 66A - €7,450 +€7,450
Gross operating margin 9900 €49,761 €108,288 +€58,526 +118%
Operating profit (loss) 9901 €35,416 €72,257 +€36,842 +104%
Financial income 75/76B €738 €1,122 +€384 +52.1%
Recurring financial income 75 €738 €1,122 +€384 +52.1%
Financial charges 65/66B €362 €1,112 +€750 +207%
Recurring financial charges 65 €362 €1,112 +€750 +207%
Profit (loss) for the period before taxes 9903 €35,792 €72,267 +€36,475 +102%
Income taxes 67/77 €9,603 €13,302 +€3,700 +38.5%
Profit (loss) for the period 9904 €26,189 €58,965 +€32,776 +125%
Profit (loss) for the period to be appropriated 9905 €26,189 €58,965 +€32,776 +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 16 October 2026 via checked.be.