SOENEN: 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.
SOENEN
Largest movements
- Receivables within one year -€38,215
down €38,215 (-29.3%), from €130,518 to €92,303
of which Other amounts receivable: -€31,259
- Cash +€20,830
up €20,830 (+37.5%), from €55,514 to €76,344
mainly Receivables within one year (+€38,215) and Depreciation (+€18,976)
- Tangible fixed assets -€18,976
down €18,976 (-53.3%), from €35,594 to €16,618
of which Furniture and vehicles: -€18,586
- Stocks and contracts +€7,641
up €7,641 (+37.1%), from €20,608 to €28,249
- Other debts -€9,586
down €9,586 (-35.7%), from €26,814 to €17,229
- Current portion of long-term debt -€8,664
down €8,664 (-100%), from €8,664 to €0
- Tax, wage and social debts -€5,172
down €5,172 (-38.8%), from €13,337 to €8,165
- Reserves -€3,254
down €3,254 (-1.9%), from €172,027 to €168,774
- Gross operating margin -€5,726
down €5,726 (-13.0%), from €44,199 to €38,473
- Depreciation -€2,749
down €2,749 (-12.7%), from €21,725 to €18,976
- Taxes -€679
down €679 (-11.3%), from €6,008 to €5,329
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 | €247,979 | €220,660 | -€27,319 | -11.0% |
| Fixed assets | 21/28 | €39,194 | €20,218 | -€18,976 | -48.4% |
| Tangible fixed assets | 22/27 | €35,594 | €16,618 | -€18,976 | -53.3% |
| Plant, machinery and equipment | 23 | €1,158 | €768 | -€390 | -33.7% |
| Furniture and vehicles | 24 | €34,435 | €15,850 | -€18,586 | -54.0% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €208,785 | €200,443 | -€8,343 | -4.0% |
| Stocks and contracts in progress | 3 | €20,608 | €28,249 | +€7,641 | +37.1% |
| Stocks | 30/36 | €20,608 | €28,249 | +€7,641 | +37.1% |
| Amounts receivable within one year | 40/41 | €130,518 | €92,303 | -€38,215 | -29.3% |
| Trade receivables | 40 | €68,001 | €61,045 | -€6,956 | -10.2% |
| Other amounts receivable | 41 | €62,517 | €31,258 | -€31,259 | -50.0% |
| Cash at bank and in hand | 54/58 | €55,514 | €76,344 | +€20,830 | +37.5% |
| Deferred charges and accrued income | 490/1 | €2,145 | €3,546 | +€1,401 | +65.3% |
| Total equity and liabilities | 10/49 | €247,979 | €220,660 | -€27,319 | -11.0% |
| Equity | 10/15 | €182,119 | €178,866 | -€3,254 | -1.8% |
| Contributions | 10/11 | €10,092 | €10,092 | = | 0.0% |
| Reserves | 13 | €172,027 | €168,774 | -€3,254 | -1.9% |
| Distributable reserves | 133 | €172,027 | €168,774 | -€3,254 | -1.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €65,859 | €41,794 | -€24,065 | -36.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €65,826 | €41,794 | -€24,031 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €8,664 | €0 | -€8,664 | -100% |
| Trade debts | 44 | €17,010 | €16,400 | -€610 | -3.6% |
| Suppliers | 440/4 | €17,010 | €16,400 | -€610 | -3.6% |
| Taxes, remuneration and social security | 45 | €13,337 | €8,165 | -€5,172 | -38.8% |
| Taxes | 450/3 | €13,337 | €8,165 | -€5,172 | -38.8% |
| Other amounts payable | 47/48 | €26,814 | €17,229 | -€9,586 | -35.7% |
| Accrued charges and deferred income | 492/3 | €34 | €0 | -€34 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,725 | €18,976 | -€2,749 | -12.7% |
| Other operating charges | 640/8 | €1,778 | €1,682 | -€96 | -5.4% |
| Gross operating margin | 9900 | €44,199 | €38,473 | -€5,726 | -13.0% |
| Operating profit (loss) | 9901 | €20,695 | €17,815 | -€2,880 | -13.9% |
| Financial income | 75/76B | €1,896 | €1,832 | -€64 | -3.4% |
| Recurring financial income | 75 | €1,896 | €1,832 | -€64 | -3.4% |
| Financial charges | 65/66B | €671 | €392 | -€279 | -41.6% |
| Recurring financial charges | 65 | €671 | €392 | -€279 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €21,920 | €19,255 | -€2,665 | -12.2% |
| Income taxes | 67/77 | €6,008 | €5,329 | -€679 | -11.3% |
| Profit (loss) for the period | 9904 | €15,912 | €13,926 | -€1,986 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,912 | €13,926 | -€1,986 | -12.5% |
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 13 October 2026 via checked.be.