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.
LOIC SOETE
Largest movements
- 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
- 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
- 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
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 | €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.