SOEN DAVID: what changed
SOEN DAVID
Largest movements
- Cash -€161,677
down €161,677 (-59.1%), from €273,572 to €111,895
mainly Other debts (-€240,363) and Trade debts (-€98,888)
- Stocks and contracts -€55,520
down €55,520 (-30.6%), from €181,363 to €125,843
of which Stocks: -€29,520
- Tangible fixed assets +€32,706
up €32,706 (+12.8%), from €256,211 to €288,917
of which Furniture and vehicles: +€49,589
- Receivables within one year +€13,533
up €13,533 (+4.9%), from €277,664 to €291,197
of which Trade receivables: +€35,011
- Other debts -€240,363
down €240,363 (-68.6%), from €350,424 to €110,060
- Reserves +€186,360
up €186,360 (+56.8%), from €328,196 to €514,556
- Trade debts -€98,888
down €98,888 (-44.6%), from €221,552 to €122,663
- Tax, wage and social debts -€24,859
down €24,859 (-61.3%), from €40,542 to €15,683
of which Taxes: -€20,578
- Debts after one year +€22,756
up €22,756 (+106%), from €21,374 to €44,130
- Staff costs -€103,304
down €103,304 (-29.0%), from €356,263 to €252,959
- Gross operating margin -€48,402
down €48,402 (-8.0%), from €607,928 to €559,525
- Taxes +€24,672
up €24,672 (+43.9%), from €56,186 to €80,858
- Financial charges -€24,247
down €24,247 (-55.3%), from €43,871 to €19,625
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,028,078 | €858,379 | -€169,698 | -16.5% |
| Fixed assets | 21/28 | €280,179 | €311,805 | +€31,627 | +11.3% |
| Tangible fixed assets | 22/27 | €256,211 | €288,917 | +€32,706 | +12.8% |
| Land and buildings | 22 | €220,650 | €206,475 | -€14,175 | -6.4% |
| Plant, machinery and equipment | 23 | €5,166 | €2,457 | -€2,709 | -52.4% |
| Furniture and vehicles | 24 | €30,395 | €79,985 | +€49,589 | +163% |
| Financial fixed assets | 28 | €23,968 | €22,888 | -€1,079 | -4.5% |
| Current assets | 29/58 | €747,899 | €546,574 | -€201,325 | -26.9% |
| Stocks and contracts in progress | 3 | €181,363 | €125,843 | -€55,520 | -30.6% |
| Stocks | 30/36 | €112,363 | €82,843 | -€29,520 | -26.3% |
| Contracts in progress | 37 | €69,000 | €43,000 | -€26,000 | -37.7% |
| Amounts receivable within one year | 40/41 | €277,664 | €291,197 | +€13,533 | +4.9% |
| Trade receivables | 40 | €201,304 | €236,315 | +€35,011 | +17.4% |
| Other amounts receivable | 41 | €76,360 | €54,881 | -€21,478 | -28.1% |
| Cash at bank and in hand | 54/58 | €273,572 | €111,895 | -€161,677 | -59.1% |
| Deferred charges and accrued income | 490/1 | €15,300 | €17,639 | +€2,339 | +15.3% |
| Total equity and liabilities | 10/49 | €1,028,078 | €858,379 | -€169,698 | -16.5% |
| Equity | 10/15 | €353,196 | €539,556 | +€186,360 | +52.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €328,196 | €514,556 | +€186,360 | +56.8% |
| Distributable reserves | 133 | €328,196 | €514,556 | +€186,360 | +56.8% |
| Amounts payable | 17/49 | €674,882 | €318,824 | -€356,058 | -52.8% |
| Amounts payable after more than one year | 17 | €21,374 | €44,130 | +€22,756 | +106% |
| Financial debts | 170/4 | €21,374 | €44,130 | +€22,756 | +106% |
| Amounts payable within one year | 42/48 | €653,147 | €274,694 | -€378,453 | -57.9% |
| Current portion of amounts payable after more than one year | 42 | €40,330 | €26,288 | -€14,042 | -34.8% |
| Trade debts | 44 | €221,552 | €122,663 | -€98,888 | -44.6% |
| Suppliers | 440/4 | €221,552 | €122,663 | -€98,888 | -44.6% |
| Advances received on contracts in progress | 46 | €300 | - | -€300 | |
| Taxes, remuneration and social security | 45 | €40,542 | €15,683 | -€24,859 | -61.3% |
| Taxes | 450/3 | €26,436 | €5,858 | -€20,578 | -77.8% |
| Remuneration and social security | 454/9 | €14,106 | €9,825 | -€4,281 | -30.3% |
| Other amounts payable | 47/48 | €350,424 | €110,060 | -€240,363 | -68.6% |
| Accrued charges and deferred income | 492/3 | €360 | - | -€360 | |
| Remuneration, social security and pensions | 62 | €356,263 | €252,959 | -€103,304 | -29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,100 | €31,755 | +€654 | +2.1% |
| Other operating charges | 640/8 | €7,025 | €4,524 | -€2,501 | -35.6% |
| Non-recurring operating charges | 66A | €1,022 | - | -€1,022 | |
| Gross operating margin | 9900 | €607,928 | €559,525 | -€48,402 | -8.0% |
| Operating profit (loss) | 9901 | €212,517 | €270,288 | +€57,771 | +27.2% |
| Financial income | 75/76B | €15,226 | €16,554 | +€1,329 | +8.7% |
| Recurring financial income | 75 | €15,226 | €16,554 | +€1,329 | +8.7% |
| Financial charges | 65/66B | €43,871 | €19,625 | -€24,247 | -55.3% |
| Recurring financial charges | 65 | €43,871 | €19,625 | -€24,247 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €183,871 | €267,218 | +€83,346 | +45.3% |
| Income taxes | 67/77 | €56,186 | €80,858 | +€24,672 | +43.9% |
| Profit (loss) for the period | 9904 | €127,685 | €186,360 | +€58,674 | +46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €127,685 | €186,360 | +€58,674 | +46.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.