SOAMES MAES: 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.
SOAMES MAES
Largest movements
- Current investments +€121,037
up €121,037 (+15.9%), from €761,795 to €882,832
- Cash -€82,627
down €82,627 (-28.5%), from €289,473 to €206,846
mainly Current investments (-€121,037) and Contributions, distributions and other (-€117,247)
- Receivables within one year +€79,073
up €79,073 (+1,240%), from €6,379 to €85,452
of which Trade receivables: +€78,652
- Reserves +€104,468
up €104,468 (+11.4%), from €916,208 to €1.0m
- Financial income +€60,849
up €60,849 (+399%), from €15,264 to €76,113
- Taxes +€11,535
up €11,535 (+14.9%), from €77,521 to €89,056
- Financial charges +€3,289
up €3,289 (+561%), from €586 to €3,875
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 | €1,064,624 | €1,182,520 | +€117,896 | +11.1% |
| Fixed assets | 21/28 | €4,751 | €4,361 | -€390 | -8.2% |
| Tangible fixed assets | 22/27 | €4,751 | €4,361 | -€390 | -8.2% |
| Furniture and vehicles | 24 | €2,962 | €2,950 | -€12 | -0.4% |
| Other tangible fixed assets | 26 | €1,789 | €1,411 | -€378 | -21.1% |
| Current assets | 29/58 | €1,059,873 | €1,178,159 | +€118,286 | +11.2% |
| Amounts receivable within one year | 40/41 | €6,379 | €85,452 | +€79,073 | +1,240% |
| Trade receivables | 40 | €6,379 | €85,030 | +€78,652 | +1,233% |
| Other amounts receivable | 41 | - | €421 | +€421 | |
| Current investments | 50/53 | €761,795 | €882,832 | +€121,037 | +15.9% |
| Cash at bank and in hand | 54/58 | €289,473 | €206,846 | -€82,627 | -28.5% |
| Deferred charges and accrued income | 490/1 | €2,226 | €3,029 | +€803 | +36.1% |
| Total equity and liabilities | 10/49 | €1,064,624 | €1,182,520 | +€117,896 | +11.1% |
| Equity | 10/15 | €1,015,125 | €1,119,593 | +€104,468 | +10.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €916,208 | €1,020,677 | +€104,468 | +11.4% |
| Distributable reserves | 133 | €916,208 | €1,020,677 | +€104,468 | +11.4% |
| Profit (loss) carried forward | 14 | €86,517 | €86,517 | = | 0.0% |
| Amounts payable | 17/49 | €49,499 | €62,927 | +€13,427 | +27.1% |
| Amounts payable within one year | 42/48 | €49,499 | €62,927 | +€13,427 | +27.1% |
| Trade debts | 44 | €107 | €55 | -€52 | -48.5% |
| Suppliers | 440/4 | €107 | €55 | -€52 | -48.5% |
| Taxes, remuneration and social security | 45 | €17,880 | €29,461 | +€11,581 | +64.8% |
| Taxes | 450/3 | €17,880 | €29,461 | +€11,581 | +64.8% |
| Other amounts payable | 47/48 | €31,513 | €33,410 | +€1,898 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,361 | €1,340 | -€21 | -1.5% |
| Other operating charges | 640/8 | €1,672 | €1,880 | +€208 | +12.4% |
| Gross operating margin | 9900 | €243,020 | €241,754 | -€1,266 | -0.5% |
| Operating profit (loss) | 9901 | €239,987 | €238,534 | -€1,453 | -0.6% |
| Financial income | 75/76B | €15,264 | €76,113 | +€60,849 | +399% |
| Recurring financial income | 75 | €15,264 | €76,113 | +€60,849 | +399% |
| Financial charges | 65/66B | €586 | €3,875 | +€3,289 | +561% |
| Recurring financial charges | 65 | €586 | €3,875 | +€3,289 | +561% |
| Profit (loss) for the period before taxes | 9903 | €254,665 | €310,772 | +€56,107 | +22.0% |
| Income taxes | 67/77 | €77,521 | €89,056 | +€11,535 | +14.9% |
| Profit (loss) for the period | 9904 | €177,144 | €221,715 | +€44,572 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €177,144 | €221,715 | +€44,572 | +25.2% |
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 18 October 2026 via checked.be.