SOAB: what changed
What changed
SOAB
NACE 46.423, Wholesale of clothing, excluding workwear and underwear
filed annual accounts (NBB)
Net result for the year
€23,943
2024 · €26,192-€2,249
Equity
€157,922
2024 · €133,979+€23,943
Cash
€75
2024 · €75
Balance sheet total
€506,619
2024 · €447,160+€59,458
Largest movements
Assets
- Deferred charges and accrued income +€97,967
up €97,967 (+80.7%), from €121,359 to €219,327
- Receivables within one year -€22,803
down €22,803 (-19.3%), from €118,029 to €95,226
of which Trade receivables: -€29,664
- Receivables after one year -€19,800
down €19,800 (-79.8%), from €24,800 to €5,000
- Stocks and contracts +€9,113
up €9,113 (+5.4%), from €168,741 to €177,854
- Tangible fixed assets -€5,118
down €5,118 (-37.9%), from €13,499 to €8,381
of which Other tangible fixed assets: -€3,798
Equity and liabilities
- Debts after one year +€42,844
up €42,844 (+71.9%), from €59,607 to €102,451
- Reserves +€23,943
up €23,943 (+23.0%), from €103,979 to €127,922
- Current portion of long-term debt +€20,937
up €20,937 (+129%), from €16,177 to €37,113
- Trade debts +€20,820
up €20,820 (+52.4%), from €39,712 to €60,532
- Tax, wage and social debts -€15,817
down €15,817 (-18.3%), from €86,667 to €70,850
of which Taxes: -€8,216
Income statement
- Taxes +€3,473
up €3,473 (+35.3%), from €9,840 to €13,313
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
€26,192
Gross operating margin
+€1,303
Staff costs
+€64
Depreciation
+€175
Other operating charges
+€92
Financial income
-€238
Financial charges
-€172
Taxes
-€3,473
Result 2025
€23,943
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
-€63,373
Investment
-€100
Financing
+€63,473
Cash 2024
€75
From operations (derived)
-€63,373
Net result for the year
+€23,943
Depreciation
+€5,118
Receivables after one year
+€19,800
Stocks and contracts
-€9,113
Receivables within one year
+€22,803
Deferred charges and accrued income
-€97,967
Trade debts
+€20,820
Tax, wage and social debts
-€15,817
Advances received
-€10,708
Other debts
-€7,436
Accrued charges and deferred income
-€14,817
Investment (derived)
-€100
Investment in fixed assets (net)
-€100
Financing
+€63,473
Debts after one year
+€42,844
Current portion of long-term debt
+€20,937
Short-term financial debts
-€308
Cash 2025
€75
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €447,160 | €506,619 | +€59,458 | +13.3% |
| Fixed assets | 21/28 | €14,155 | €9,137 | -€5,018 | -35.5% |
| Tangible fixed assets | 22/27 | €13,499 | €8,381 | -€5,118 | -37.9% |
| Plant, machinery and equipment | 23 | €125 | - | -€125 | |
| Furniture and vehicles | 24 | €2,399 | €1,205 | -€1,194 | -49.8% |
| Other tangible fixed assets | 26 | €10,974 | €7,176 | -€3,798 | -34.6% |
| Financial fixed assets | 28 | €656 | €756 | +€100 | +15.2% |
| Current assets | 29/58 | €433,005 | €497,481 | +€64,477 | +14.9% |
| Amounts receivable after more than one year | 29 | €24,800 | €5,000 | -€19,800 | -79.8% |
| Other amounts receivable | 291 | €24,800 | €5,000 | -€19,800 | -79.8% |
| Stocks and contracts in progress | 3 | €168,741 | €177,854 | +€9,113 | +5.4% |
| Stocks | 30/36 | €168,741 | €177,854 | +€9,113 | +5.4% |
| Amounts receivable within one year | 40/41 | €118,029 | €95,226 | -€22,803 | -19.3% |
| Trade receivables | 40 | €117,139 | €87,475 | -€29,664 | -25.3% |
| Other amounts receivable | 41 | €890 | €7,751 | +€6,860 | +771% |
| Cash at bank and in hand | 54/58 | €75 | €75 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €121,359 | €219,327 | +€97,967 | +80.7% |
| Total equity and liabilities | 10/49 | €447,160 | €506,619 | +€59,458 | +13.3% |
| Equity | 10/15 | €133,979 | €157,922 | +€23,943 | +17.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €103,979 | €127,922 | +€23,943 | +23.0% |
| Distributable reserves | 133 | €103,979 | €127,922 | +€23,943 | +23.0% |
| Amounts payable | 17/49 | €313,181 | €348,697 | +€35,515 | +11.3% |
| Amounts payable after more than one year | 17 | €59,607 | €102,451 | +€42,844 | +71.9% |
| Financial debts | 170/4 | €59,607 | €102,451 | +€42,844 | +71.9% |
| Amounts payable within one year | 42/48 | €188,375 | €195,864 | +€7,489 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €16,177 | €37,113 | +€20,937 | +129% |
| Financial debts | 43 | €27,226 | €26,919 | -€308 | -1.1% |
| Credit institutions | 430/8 | €27,226 | €26,919 | -€308 | -1.1% |
| Trade debts | 44 | €39,712 | €60,532 | +€20,820 | +52.4% |
| Suppliers | 440/4 | €39,712 | €60,532 | +€20,820 | +52.4% |
| Advances received on contracts in progress | 46 | €11,158 | €450 | -€10,708 | -96.0% |
| Taxes, remuneration and social security | 45 | €86,667 | €70,850 | -€15,817 | -18.3% |
| Taxes | 450/3 | €59,289 | €51,073 | -€8,216 | -13.9% |
| Remuneration and social security | 454/9 | €27,377 | €19,777 | -€7,601 | -27.8% |
| Other amounts payable | 47/48 | €7,436 | - | -€7,436 | |
| Accrued charges and deferred income | 492/3 | €65,200 | €50,382 | -€14,817 | -22.7% |
| Remuneration, social security and pensions | 62 | €108,822 | €108,758 | -€64 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,294 | €5,118 | -€175 | -3.3% |
| Other operating charges | 640/8 | €212 | €120 | -€92 | -43.3% |
| Gross operating margin | 9900 | €157,772 | €159,076 | +€1,303 | +0.8% |
| Operating profit (loss) | 9901 | €43,445 | €45,080 | +€1,635 | +3.8% |
| Financial income | 75/76B | €645 | €407 | -€238 | -36.9% |
| Recurring financial income | 75 | €645 | €407 | -€238 | -36.9% |
| Financial charges | 65/66B | €8,058 | €8,231 | +€172 | +2.1% |
| Recurring financial charges | 65 | €8,058 | €8,231 | +€172 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €36,032 | €37,256 | +€1,224 | +3.4% |
| Income taxes | 67/77 | €9,840 | €13,313 | +€3,473 | +35.3% |
| Profit (loss) for the period | 9904 | €26,192 | €23,943 | -€2,249 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,192 | €23,943 | -€2,249 | -8.6% |
Next steps
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Calculation and sources
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 7 November 2026 via checked.be.