SOED Construct: what changed
Two fiscal 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.
SOED Construct
Largest movements
- Cash +€30,606
up €30,606 (+195.0%), from €15,693 to €46,299
mainly Other debts (+€26,027) and Trade debts (+€20,306)
- Receivables within one year -€2,085
down €2,085 (-1.7%), from €125,206 to €123,121
of which Other amounts receivable: -€5,494
- Other debts +€26,027
up €26,027 (+32.0%), from €81,397 to €107,424
- Trade debts +€20,306
up €20,306 (+17.7%), from €114,709 to €135,015
- Profit (loss) carried forward -€11,455
down €11,455 (-14.4%), from -€79,627 to -€91,082
- Tax, wage and social debts -€5,463
down €5,463 (-55.3%), from €9,877 to €4,414
- Gross operating margin -€9,786
down €9,786 (-912.4%), from -€1,073 to -€10,859
- Financial income -€500
no longer reported in 2024 (was €500)
- Depreciation -€339
down €339 (-65.5%), from €518 to €179
- Other operating charges -€200
down €200 (-52.1%), from €384 to €184
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,956 | €174,371 | +€29,415 | +20.3% |
| Fixed assets | 21/28 | €4,057 | €4,951 | +€895 | +22.1% |
| Tangible fixed assets | 22/27 | - | €895 | +€895 | |
| Furniture and vehicles | 24 | - | €895 | +€895 | |
| Financial fixed assets | 28 | €4,057 | €4,057 | = | 0.0% |
| Current assets | 29/58 | €140,899 | €169,420 | +€28,520 | +20.2% |
| Amounts receivable within one year | 40/41 | €125,206 | €123,121 | -€2,085 | -1.7% |
| Trade receivables | 40 | €52,243 | €55,652 | +€3,409 | +6.5% |
| Other amounts receivable | 41 | €72,963 | €67,469 | -€5,494 | -7.5% |
| Cash at bank and in hand | 54/58 | €15,693 | €46,299 | +€30,606 | +195.0% |
| Total equity and liabilities | 10/49 | €144,956 | €174,371 | +€29,415 | +20.3% |
| Equity | 10/15 | -€61,027 | -€72,482 | -€11,455 | -18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,627 | -€91,082 | -€11,455 | -14.4% |
| Amounts payable | 17/49 | €205,983 | €246,853 | +€40,870 | +19.8% |
| Amounts payable within one year | 42/48 | €205,983 | €246,853 | +€40,870 | +19.8% |
| Trade debts | 44 | €114,709 | €135,015 | +€20,306 | +17.7% |
| Suppliers | 440/4 | €114,709 | €135,015 | +€20,306 | +17.7% |
| Taxes, remuneration and social security | 45 | €9,877 | €4,414 | -€5,463 | -55.3% |
| Taxes | 450/3 | €9,877 | €4,414 | -€5,463 | -55.3% |
| Other amounts payable | 47/48 | €81,397 | €107,424 | +€26,027 | +32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €518 | €179 | -€339 | -65.5% |
| Other operating charges | 640/8 | €384 | €184 | -€200 | -52.1% |
| Gross operating margin | 9900 | -€1,073 | -€10,859 | -€9,786 | -912.4% |
| Operating profit (loss) | 9901 | -€1,975 | -€11,221 | -€9,246 | -468.2% |
| Financial income | 75/76B | €500 | - | -€500 | |
| Recurring financial income | 75 | €500 | - | -€500 | |
| Financial charges | 65/66B | €153 | €234 | +€80 | +52.4% |
| Recurring financial charges | 65 | €153 | €234 | +€80 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,628 | -€11,455 | -€9,827 | -603.7% |
| Profit (loss) for the period | 9904 | -€1,628 | -€11,455 | -€9,827 | -603.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,628 | -€11,455 | -€9,827 | -603.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.