Philippe Soenens: what changed
What changed
Philippe Soenens
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€36,405
2024 · €23,729+€12,676
Equity
€244,696
2024 · €208,291+€36,405
Cash
€1,007
2024 · €1,246-€240
Balance sheet total
€350,554
2024 · €341,202+€9,352
Largest movements
Assets
- Receivables within one year +€9,095
up €9,095 (+72.0%), from €12,625 to €21,720
Equity and liabilities
- Reserves +€36,405
up €36,405 (+18.6%), from €195,891 to €232,296
- Debts after one year -€29,414
down €29,414 (-43.9%), from €67,018 to €37,604
- Tax, wage and social debts +€5,499
up €5,499 (+39.2%), from €14,045 to €19,544
- Other debts -€3,577
down €3,577 (-19.4%), from €18,464 to €14,887
Income statement
- Gross operating margin +€18,426
up €18,426 (+48.2%), from €38,255 to €56,680
- Taxes +€6,483
up €6,483 (+65.4%), from €9,912 to €16,394
- Financial charges -€852
down €852 (-25.5%), from €3,344 to €2,492
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
€23,729
Gross operating margin
+€18,426
Other operating charges
-€119
Financial income
-€0
Financial charges
+€852
Taxes
-€6,483
Result 2025
€36,405
raises the resultlowers the result
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
+€28,592
Investment
€0
Financing
-€28,832
Cash 2024
€1,246
From operations (derived)
+€28,592
Net result for the year
+€36,405
Receivables within one year
-€9,095
Deferred charges and accrued income
-€497
Trade debts
-€143
Tax, wage and social debts
+€5,499
Other debts
-€3,577
Financing
-€28,832
Debts after one year
-€29,414
Current portion of long-term debt
+€582
Cash 2025
€1,007
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €341,202 | €350,554 | +€9,352 | +2.7% |
| Fixed assets | 21/28 | €325,000 | €325,000 | = | 0.0% |
| Financial fixed assets | 28 | €325,000 | €325,000 | = | 0.0% |
| Current assets | 29/58 | €16,202 | €25,554 | +€9,352 | +57.7% |
| Amounts receivable within one year | 40/41 | €12,625 | €21,720 | +€9,095 | +72.0% |
| Trade receivables | 40 | €12,625 | €21,720 | +€9,095 | +72.0% |
| Cash at bank and in hand | 54/58 | €1,246 | €1,007 | -€240 | -19.2% |
| Deferred charges and accrued income | 490/1 | €2,331 | €2,828 | +€497 | +21.3% |
| Total equity and liabilities | 10/49 | €341,202 | €350,554 | +€9,352 | +2.7% |
| Equity | 10/15 | €208,291 | €244,696 | +€36,405 | +17.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €195,891 | €232,296 | +€36,405 | +18.6% |
| Distributable reserves | 133 | €195,891 | €232,296 | +€36,405 | +18.6% |
| Amounts payable | 17/49 | €132,911 | €105,858 | -€27,053 | -20.4% |
| Amounts payable after more than one year | 17 | €67,018 | €37,604 | -€29,414 | -43.9% |
| Financial debts | 170/4 | €67,018 | €37,604 | -€29,414 | -43.9% |
| Amounts payable within one year | 42/48 | €65,893 | €68,254 | +€2,361 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €28,832 | €29,414 | +€582 | +2.0% |
| Trade debts | 44 | €4,552 | €4,409 | -€143 | -3.1% |
| Suppliers | 440/4 | €4,552 | €4,409 | -€143 | -3.1% |
| Taxes, remuneration and social security | 45 | €14,045 | €19,544 | +€5,499 | +39.2% |
| Taxes | 450/3 | €14,045 | €19,544 | +€5,499 | +39.2% |
| Other amounts payable | 47/48 | €18,464 | €14,887 | -€3,577 | -19.4% |
| Other operating charges | 640/8 | €1,270 | €1,389 | +€119 | +9.3% |
| Gross operating margin | 9900 | €38,255 | €56,680 | +€18,426 | +48.2% |
| Operating profit (loss) | 9901 | €36,984 | €55,291 | +€18,307 | +49.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,344 | €2,492 | -€852 | -25.5% |
| Recurring financial charges | 65 | €3,344 | €2,492 | -€852 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €33,640 | €52,799 | +€19,159 | +57.0% |
| Income taxes | 67/77 | €9,912 | €16,394 | +€6,483 | +65.4% |
| Profit (loss) for the period | 9904 | €23,729 | €36,405 | +€12,676 | +53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,729 | €36,405 | +€12,676 | +53.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.