REDERIJ SOETKIN: 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.
REDERIJ SOETKIN
Largest movements
- Cash -€195,360
down €195,360 (-16.7%), from €1.2m to €974,158
mainly Other debts (-€175,000) and Net result for the year (-€81,958)
- Tangible fixed assets -€104,901
down €104,901 (-34.2%), from €306,985 to €202,084
of which Plant, machinery and equipment: -€87,695
- Other debts -€175,000
down €175,000 (-100%), from €175,000 to €0
- Reserves -€67,179
down €67,179 (-5.2%), from €1.3m to €1.2m
of which Tax-exempt reserves: -€42,100
- Trade debts -€41,107
down €41,107 (-16.8%), from €244,543 to €203,436
- Gross operating margin -€407,691
down €407,691 (-34.3%), from €1.2m to €780,830
- Staff costs -€122,904
down €122,904 (-15.8%), from €779,900 to €656,996
- Other operating charges +€87,327
up €87,327 (+4,011%), from €2,177 to €89,504
- Taxes -€23,283
down €23,283 (-85.6%), from €27,185 to €3,903
- Depreciation -€20,292
down €20,292 (-15.1%), from €134,773 to €114,481
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 | €1,856,024 | €1,566,638 | -€289,385 | -15.6% |
| Fixed assets | 21/28 | €314,818 | €209,260 | -€105,558 | -33.5% |
| Tangible fixed assets | 22/27 | €306,985 | €202,084 | -€104,901 | -34.2% |
| Plant, machinery and equipment | 23 | €253,668 | €165,973 | -€87,695 | -34.6% |
| Furniture and vehicles | 24 | €53,317 | €36,111 | -€17,206 | -32.3% |
| Financial fixed assets | 28 | €7,833 | €7,176 | -€657 | -8.4% |
| Current assets | 29/58 | €1,541,206 | €1,357,378 | -€183,828 | -11.9% |
| Amounts receivable after more than one year | 29 | €320,578 | €321,083 | +€505 | +0.2% |
| Other amounts receivable | 291 | €320,578 | €321,083 | +€505 | +0.2% |
| Stocks and contracts in progress | 3 | - | €16,922 | +€16,922 | |
| Stocks | 30/36 | - | €16,922 | +€16,922 | |
| Amounts receivable within one year | 40/41 | €40,638 | €34,775 | -€5,863 | -14.4% |
| Trade receivables | 40 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | €40,638 | €29,775 | -€10,863 | -26.7% |
| Cash at bank and in hand | 54/58 | €1,169,518 | €974,158 | -€195,360 | -16.7% |
| Deferred charges and accrued income | 490/1 | €10,472 | €10,440 | -€32 | -0.3% |
| Total equity and liabilities | 10/49 | €1,856,024 | €1,566,638 | -€289,385 | -15.6% |
| Equity | 10/15 | €1,388,280 | €1,304,694 | -€83,586 | -6.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | €73,897 | €59,117 | -€14,779 | -20.0% |
| Reserves | 13 | €1,294,205 | €1,227,027 | -€67,179 | -5.2% |
| Tax-exempt reserves | 132 | €42,100 | - | -€42,100 | |
| Distributable reserves | 133 | €1,252,105 | €1,227,027 | -€25,079 | -2.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €1,628 | €0 | -€1,628 | -100% |
| Amounts payable | 17/49 | €467,744 | €261,944 | -€205,799 | -44.0% |
| Amounts payable after more than one year | 17 | €599 | €6,321 | +€5,723 | +956% |
| Other amounts payable | 178/9 | €599 | €6,321 | +€5,723 | +956% |
| Amounts payable within one year | 42/48 | €467,145 | €254,453 | -€212,692 | -45.5% |
| Trade debts | 44 | €244,543 | €203,436 | -€41,107 | -16.8% |
| Suppliers | 440/4 | €244,543 | €203,436 | -€41,107 | -16.8% |
| Taxes, remuneration and social security | 45 | €47,602 | €51,018 | +€3,416 | +7.2% |
| Taxes | 450/3 | €6,732 | €6,441 | -€291 | -4.3% |
| Remuneration and social security | 454/9 | €40,870 | €44,576 | +€3,707 | +9.1% |
| Other amounts payable | 47/48 | €175,000 | €0 | -€175,000 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,169 | +€1,169 | |
| Remuneration, social security and pensions | 62 | €779,900 | €656,996 | -€122,904 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,773 | €114,481 | -€20,292 | -15.1% |
| Other operating charges | 640/8 | €2,177 | €89,504 | +€87,327 | +4,011% |
| Gross operating margin | 9900 | €1,188,521 | €780,830 | -€407,691 | -34.3% |
| Operating profit (loss) | 9901 | €271,670 | -€80,151 | -€351,821 | |
| Financial income | 75/76B | €18,692 | €4,000 | -€14,692 | -78.6% |
| Recurring financial income | 75 | €18,692 | €4,000 | -€14,692 | -78.6% |
| Financial charges | 65/66B | €2,876 | €1,904 | -€971 | -33.8% |
| Recurring financial charges | 65 | €2,876 | €1,904 | -€971 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €287,486 | -€78,055 | -€365,541 | |
| Income taxes | 67/77 | €27,185 | €3,903 | -€23,283 | -85.6% |
| Profit (loss) for the period | 9904 | €260,301 | -€81,958 | -€342,259 | |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €260,301 | -€81,958 | -€342,259 |
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 1 November 2026 via checked.be.