Loonbedrijf Soete: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Loonbedrijf Soete
Largest movements
- Receivables within one year +€126,761
up €126,761 (+22.3%), from €567,899 to €694,660
of which Trade receivables: +€122,400
- Cash +€69,472
up €69,472 (+45.8%), from €151,734 to €221,206
mainly Depreciation (+€466,614) and Debts after one year (+€263,654)
- Tangible fixed assets -€21,235
down €21,235 (-1.8%), from €1.2m to €1.2m
of which Plant, machinery and equipment: -€125,463
- Debts after one year +€263,654
up €263,654 (+30.5%), from €864,769 to €1.1m
- Current portion of long-term debt -€248,654
down €248,654 (-82.3%), from €302,028 to €53,374
- Reserves +€166,126
up €166,126 (+24.7%), from €671,597 to €837,723
of which Tax-exempt reserves: +€96,840
- Provisions +€32,280
up €32,280 (+1,159%), from €2,786 to €35,066
- Other debts -€21,528
down €21,528 (-70.4%), from €30,568 to €9,040
- Gross operating margin +€137,525
up €137,525 (+24.0%), from €574,128 to €711,653
- Depreciation +€60,823
up €60,823 (+15.0%), from €405,791 to €466,614
- Taxes -€11,909
down €11,909 (-42.9%), from €27,735 to €15,826
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,930,032 | €2,103,282 | +€173,250 | +9.0% |
| Fixed assets | 21/28 | €1,197,855 | €1,176,620 | -€21,235 | -1.8% |
| Tangible fixed assets | 22/27 | €1,197,855 | €1,176,620 | -€21,235 | -1.8% |
| Plant, machinery and equipment | 23 | €248,472 | €123,009 | -€125,463 | -50.5% |
| Furniture and vehicles | 24 | €265,455 | €489,703 | +€224,248 | +84.5% |
| Leasing and similar rights | 25 | €683,929 | €563,908 | -€120,021 | -17.5% |
| Current assets | 29/58 | €732,177 | €926,662 | +€194,485 | +26.6% |
| Amounts receivable within one year | 40/41 | €567,899 | €694,660 | +€126,761 | +22.3% |
| Trade receivables | 40 | €561,786 | €684,186 | +€122,400 | +21.8% |
| Other amounts receivable | 41 | €6,114 | €10,475 | +€4,361 | +71.3% |
| Cash at bank and in hand | 54/58 | €151,734 | €221,206 | +€69,472 | +45.8% |
| Deferred charges and accrued income | 490/1 | €12,544 | €10,796 | -€1,748 | -13.9% |
| Total equity and liabilities | 10/49 | €1,930,032 | €2,103,282 | +€173,250 | +9.0% |
| Equity | 10/15 | €690,197 | €856,323 | +€166,126 | +24.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €671,597 | €837,723 | +€166,126 | +24.7% |
| Tax-exempt reserves | 132 | €8,359 | €105,199 | +€96,840 | +1,159% |
| Distributable reserves | 133 | €663,238 | €732,524 | +€69,286 | +10.4% |
| Provisions and deferred taxes | 16 | €2,786 | €35,066 | +€32,280 | +1,159% |
| Deferred taxes | 168 | €2,786 | €35,066 | +€32,280 | +1,159% |
| Amounts payable | 17/49 | €1,237,049 | €1,211,893 | -€25,156 | -2.0% |
| Amounts payable after more than one year | 17 | €864,769 | €1,128,423 | +€263,654 | +30.5% |
| Financial debts | 170/4 | €864,769 | €1,128,423 | +€263,654 | +30.5% |
| Amounts payable within one year | 42/48 | €372,280 | €83,470 | -€288,810 | -77.6% |
| Current portion of amounts payable after more than one year | 42 | €302,028 | €53,374 | -€248,654 | -82.3% |
| Trade debts | 44 | €9,393 | €2,094 | -€7,299 | -77.7% |
| Suppliers | 440/4 | €9,393 | €2,094 | -€7,299 | -77.7% |
| Taxes, remuneration and social security | 45 | €30,291 | €18,962 | -€11,329 | -37.4% |
| Taxes | 450/3 | €30,291 | €18,962 | -€11,329 | -37.4% |
| Other amounts payable | 47/48 | €30,568 | €9,040 | -€21,528 | -70.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €405,791 | €466,614 | +€60,823 | +15.0% |
| Other operating charges | 640/8 | €2,515 | €2,666 | +€151 | +6.0% |
| Gross operating margin | 9900 | €574,128 | €711,653 | +€137,525 | +24.0% |
| Operating profit (loss) | 9901 | €165,822 | €242,373 | +€76,551 | +46.2% |
| Financial income | 75/76B | €858 | €206 | -€652 | -76.0% |
| Recurring financial income | 75 | €858 | €206 | -€652 | -76.0% |
| Financial charges | 65/66B | €31,195 | €28,348 | -€2,847 | -9.1% |
| Recurring financial charges | 65 | €31,195 | €28,348 | -€2,847 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €135,486 | €214,232 | +€78,746 | +58.1% |
| Transfer from deferred taxes | 780 | €750 | €1,970 | +€1,220 | +163% |
| Transfer to deferred taxes | 680 | - | €34,250 | +€34,250 | |
| Income taxes | 67/77 | €27,735 | €15,826 | -€11,909 | -42.9% |
| Profit (loss) for the period | 9904 | €108,501 | €166,126 | +€57,625 | +53.1% |
| Transfer from tax-exempt reserves | 789 | €2,250 | €5,910 | +€3,660 | +163% |
| Transfer to tax-exempt reserves | 689 | - | €102,750 | +€102,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €110,751 | €69,286 | -€41,465 | -37.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.