Pierre SOHET & C°: 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.
Pierre SOHET & C°
Largest movements
- Receivables within one year +€109,575
up €109,575 (+14.1%), from €774,988 to €884,563
of which Trade receivables: +€76,744
- Cash -€86,808
down €86,808 (-51.3%), from €169,166 to €82,359
mainly Investment in fixed assets (net) (-€131,101) and Receivables within one year (-€109,575)
- Tangible fixed assets +€37,311
up €37,311 (+9.7%), from €385,166 to €422,477
of which Furniture and vehicles: +€67,713
- Deferred charges and accrued income +€20,325
up €20,325 (+400%), from €5,081 to €25,406
- Other debts +€166,542
up €166,542 (+122%), from €136,031 to €302,574
- Profit (loss) carried forward +€124,366
up €124,366 (+70.2%), from €177,050 to €301,415
- Trade debts -€105,506
down €105,506 (-36.9%), from €285,641 to €180,135
- Tax, wage and social debts -€72,149
down €72,149 (-66.2%), from €109,032 to €36,882
of which Taxes: -€68,353
- Debts after one year -€62,435
down €62,435 (-16.5%), from €378,754 to €316,319
of which Financial debts: -€62,435
- Staff costs +€64,913
up €64,913 (+28.2%), from €230,231 to €295,145
- Taxes -€33,175
down €33,175 (-38.5%), from €86,186 to €53,011
- Gross operating margin -€28,039
down €28,039 (-4.1%), from €684,242 to €656,202
- Depreciation +€8,640
up €8,640 (+10.1%), from €85,150 to €93,790
- Financial charges -€7,385
down €7,385 (-25.3%), from €29,236 to €21,851
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 | €1,334,401 | €1,414,804 | +€80,403 | +6.0% |
| Fixed assets | 21/28 | €385,166 | €422,477 | +€37,311 | +9.7% |
| Tangible fixed assets | 22/27 | €385,166 | €422,477 | +€37,311 | +9.7% |
| Land and buildings | 22 | €69,895 | €56,694 | -€13,201 | -18.9% |
| Furniture and vehicles | 24 | €164,271 | €231,984 | +€67,713 | +41.2% |
| Other tangible fixed assets | 26 | €150,999 | €133,798 | -€17,201 | -11.4% |
| Current assets | 29/58 | €949,235 | €992,327 | +€43,092 | +4.5% |
| Amounts receivable within one year | 40/41 | €774,988 | €884,563 | +€109,575 | +14.1% |
| Trade receivables | 40 | €516,046 | €592,790 | +€76,744 | +14.9% |
| Other amounts receivable | 41 | €258,942 | €291,772 | +€32,831 | +12.7% |
| Cash at bank and in hand | 54/58 | €169,166 | €82,359 | -€86,808 | -51.3% |
| Deferred charges and accrued income | 490/1 | €5,081 | €25,406 | +€20,325 | +400% |
| Total equity and liabilities | 10/49 | €1,334,401 | €1,414,804 | +€80,403 | +6.0% |
| Equity | 10/15 | €342,985 | €498,925 | +€155,941 | +45.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €159,735 | €191,310 | +€31,575 | +19.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €157,875 | €189,450 | +€31,575 | +20.0% |
| Profit (loss) carried forward | 14 | €177,050 | €301,415 | +€124,366 | +70.2% |
| Amounts payable | 17/49 | €991,416 | €915,878 | -€75,537 | -7.6% |
| Amounts payable after more than one year | 17 | €378,754 | €316,319 | -€62,435 | -16.5% |
| Financial debts | 170/4 | €377,854 | €315,419 | -€62,435 | -16.5% |
| Other amounts payable | 178/9 | €900 | €900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €612,662 | €599,560 | -€13,102 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €81,958 | €79,969 | -€1,989 | -2.4% |
| Trade debts | 44 | €285,641 | €180,135 | -€105,506 | -36.9% |
| Suppliers | 440/4 | €285,641 | €180,135 | -€105,506 | -36.9% |
| Taxes, remuneration and social security | 45 | €109,032 | €36,882 | -€72,149 | -66.2% |
| Taxes | 450/3 | €77,349 | €8,995 | -€68,353 | -88.4% |
| Remuneration and social security | 454/9 | €31,683 | €27,887 | -€3,796 | -12.0% |
| Other amounts payable | 47/48 | €136,031 | €302,574 | +€166,542 | +122% |
| Remuneration, social security and pensions | 62 | €230,231 | €295,145 | +€64,913 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,150 | €93,790 | +€8,640 | +10.1% |
| Other operating charges | 640/8 | €16,510 | €9,651 | -€6,859 | -41.5% |
| Gross operating margin | 9900 | €684,242 | €656,202 | -€28,039 | -4.1% |
| Operating profit (loss) | 9901 | €352,351 | €257,617 | -€94,734 | -26.9% |
| Financial income | 75/76B | €1,792 | €1,625 | -€167 | -9.3% |
| Recurring financial income | 75 | €1,792 | €1,625 | -€167 | -9.3% |
| Financial charges | 65/66B | €29,236 | €21,851 | -€7,385 | -25.3% |
| Recurring financial charges | 65 | €29,236 | €21,851 | -€7,385 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €324,907 | €237,391 | -€87,516 | -26.9% |
| Income taxes | 67/77 | €86,186 | €53,011 | -€33,175 | -38.5% |
| Profit (loss) for the period | 9904 | €238,721 | €184,381 | -€54,341 | -22.8% |
| Transfer from tax-exempt reserves | 789 | - | €94,725 | +€94,725 | |
| Transfer to tax-exempt reserves | 689 | €63,150 | €126,300 | +€63,150 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €175,571 | €152,806 | -€22,766 | -13.0% |
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 22 October 2026 via checked.be.