SOENEN TECHNOLOGY: 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.
What changed
SOENEN TECHNOLOGY
NACE 43.320, Joinery installation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.6m
2024 · €2.9m+€1.8m
Equity
€6.7m
2024 · €6.7m-€63,831
Cash
€114
2024 · €1.2m-€1.2m
Balance sheet total
€25.5m
2024 · €25.4m+€26,224
Largest movements
Assets
- Receivables within one year +€3.7m
up €3.7m (+35.2%), from €10.5m to €14.2m
of which Other amounts receivable: +€2.0m
- Current investments -€1.7m
down €1.7m (-100%), from €1.7m to €0
- Cash -€1.2m
down €1.2m (-100.0%), from €1.2m to €114
mainly Contributions, distributions and other (-€4.7m) and Advances received (-€4.0m)
- Stocks and contracts -€787,436
down €787,436 (-7.7%), from €10.2m to €9.4m
of which Contracts in progress: -€685,340
Equity and liabilities
- Other debts +€4.5m
up €4.5m (+1,858%), from €240,002 to €4.7m
- Advances received -€4.0m
down €4.0m (-24.7%), from €16.3m to €12.3m
- Trade debts -€268,835
down €268,835 (-22.2%), from €1.2m to €942,984
Income statement
- Turnover +€5.6m
up €5.6m (+31.3%), from €18.1m to €23.7m
- Staff costs +€797,087
up €797,087 (+20.1%), from €4.0m to €4.8m
- Goods and materials +€733,845
up €733,845 (+8.4%), from €8.8m to €9.5m
of which Change in stocks: decrease (increase): +€480,889
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.
Result 2024
€2.9m
Turnover
+€5.6m
Other operating income
+€107,866
Goods and materials
-€733,845
Services and other goods
-€221,288
Staff costs
-€797,087
Depreciation
-€96,543
Write-downs
+€43,755
Provisions
-€111,681
Other operating charges
+€6,177
Other operating items
-€2.0m
Financial income
-€110,194
Financial charges
+€137,426
Taxes
-€62,738
Result 2025
€4.6m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.3m
Investment
+€1.2m
Financing
-€4.7m
Cash 2024
€1.2m
From operations (derived)
+€2.3m
Net result for the year
+€4.6m
Depreciation
+€458,329
Stocks and contracts
+€787,436
Receivables within one year
-€3.7m
Deferred charges and accrued income
+€24,938
Provisions
+€146,961
Trade debts
-€268,835
Tax, wage and social debts
-€164,651
Advances received
-€4.0m
Other debts
+€4.5m
Accrued charges and deferred income
-€13,364
Investment (derived)
+€1.2m
Investment in fixed assets (net)
-€500,892
Current investments
+€1.7m
Financing
-€4.7m
Debts after one year
-€35,000
Contributions, distributions and other
-€4.7m
Cash 2025
€114
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €25,443,587 | €25,469,810 | +€26,224 | +0.1% |
| Fixed assets | 21/28 | €1,783,618 | €1,826,181 | +€42,562 | +2.4% |
| Intangible fixed assets | 21 | €468,499 | €411,688 | -€56,811 | -12.1% |
| Tangible fixed assets | 22/27 | €1,315,119 | €1,414,493 | +€99,374 | +7.6% |
| Plant, machinery and equipment | 23 | €377,216 | €281,526 | -€95,690 | -25.4% |
| Furniture and vehicles | 24 | €697,957 | €892,856 | +€194,899 | +27.9% |
| Other tangible fixed assets | 26 | €239,946 | €240,111 | +€165 | +0.1% |
| Current assets | 29/58 | €23,659,969 | €23,643,630 | -€16,339 | -0.1% |
| Stocks and contracts in progress | 3 | €10,169,410 | €9,381,974 | -€787,436 | -7.7% |
| Stocks | 30/36 | €1,276,462 | €1,174,366 | -€102,096 | -8.0% |
| Raw materials and consumables | 30/31 | €1,276,462 | €1,174,366 | -€102,096 | -8.0% |
| Contracts in progress | 37 | €8,892,948 | €8,207,608 | -€685,340 | -7.7% |
| Amounts receivable within one year | 40/41 | €10,481,227 | €14,173,545 | +€3.7m | +35.2% |
| Trade receivables | 40 | €2,370,087 | €4,108,814 | +€1.7m | +73.4% |
| Other amounts receivable | 41 | €8,111,140 | €10,064,730 | +€2.0m | +24.1% |
| Current investments | 50/53 | €1,699,339 | €0 | -€1.7m | -100% |
| Other investments | 51/53 | €1,699,339 | €0 | -€1.7m | -100% |
| Cash at bank and in hand | 54/58 | €1,197,058 | €114 | -€1.2m | -100.0% |
| Deferred charges and accrued income | 490/1 | €112,935 | €87,997 | -€24,938 | -22.1% |
| Total equity and liabilities | 10/49 | €25,443,587 | €25,469,810 | +€26,224 | +0.1% |
| Equity | 10/15 | €6,727,099 | €6,663,268 | -€63,831 | -0.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €6,477,099 | €6,413,268 | -€63,831 | -1.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,104,178 | €1,001,372 | -€102,806 | -9.3% |
| Distributable reserves | 133 | €5,347,921 | €5,386,896 | +€38,975 | +0.7% |
| Provisions and deferred taxes | 16 | €332,940 | €479,901 | +€146,961 | +44.1% |
| Provisions for liabilities and charges | 160/5 | €332,940 | €479,901 | +€146,961 | +44.1% |
| Other liabilities and charges | 164/5 | €332,940 | €479,901 | +€146,961 | +44.1% |
| Amounts payable | 17/49 | €18,383,548 | €18,326,641 | -€56,907 | -0.3% |
| Amounts payable after more than one year | 17 | €35,000 | €0 | -€35,000 | -100% |
| Other amounts payable | 178/9 | €35,000 | €0 | -€35,000 | -100% |
| Amounts payable within one year | 42/48 | €18,334,085 | €18,325,542 | -€8,543 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,211,820 | €942,984 | -€268,835 | -22.2% |
| Suppliers | 440/4 | €1,211,820 | €942,984 | -€268,835 | -22.2% |
| Advances received on contracts in progress | 46 | €16,303,281 | €12,268,227 | -€4.0m | -24.7% |
| Taxes, remuneration and social security | 45 | €578,982 | €414,331 | -€164,651 | -28.4% |
| Taxes | 450/3 | €25,663 | €0 | -€25,663 | -100% |
| Remuneration and social security | 454/9 | €553,319 | €414,331 | -€138,988 | -25.1% |
| Other amounts payable | 47/48 | €240,002 | €4,700,000 | +€4.5m | +1,858% |
| Accrued charges and deferred income | 492/3 | €14,462 | €1,098 | -€13,364 | -92.4% |
| Operating income | 70/76A | €19,825,830 | €23,560,948 | +€3.7m | +18.8% |
| Turnover | 70 | €18,065,312 | €23,711,851 | +€5.6m | +31.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,638,549 | -€442,361 | -€2.1m | |
| Other operating income | 74 | €121,969 | €229,835 | +€107,866 | +88.4% |
| Non-recurring operating income | 76A | - | €61,623 | +€61,623 | |
| Operating charges | 60/66A | €16,513,172 | €18,432,501 | +€1.9m | +11.6% |
| Goods for resale, raw materials and consumables | 60 | €8,778,293 | €9,512,137 | +€733,845 | +8.4% |
| Purchases | 600/8 | €9,113,330 | €9,366,286 | +€252,956 | +2.8% |
| Change in stocks: decrease (increase) | 609 | -€335,037 | €145,852 | +€480,889 | |
| Services and other goods | 61 | €3,322,290 | €3,543,577 | +€221,288 | +6.7% |
| Remuneration, social security and pensions | 62 | €3,956,862 | €4,753,949 | +€797,087 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €361,786 | €458,329 | +€96,543 | +26.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€43,755 | -€43,755 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €35,280 | €146,961 | +€111,681 | +317% |
| Other operating charges | 640/8 | €58,662 | €52,485 | -€6,177 | -10.5% |
| Non-recurring operating charges | 66A | - | €8,818 | +€8,818 | |
| Operating profit (loss) | 9901 | €3,312,658 | €5,128,447 | +€1.8m | +54.8% |
| Financial income | 75/76B | €336,103 | €225,909 | -€110,194 | -32.8% |
| Recurring financial income | 75 | €336,103 | €225,909 | -€110,194 | -32.8% |
| Income from current assets | 751 | €242,802 | €187,710 | -€55,091 | -22.7% |
| Other financial income | 752/9 | €93,301 | €38,199 | -€55,102 | -59.1% |
| Financial charges | 65/66B | €168,003 | €30,577 | -€137,426 | -81.8% |
| Recurring financial charges | 65 | €168,003 | €30,577 | -€137,426 | -81.8% |
| Debt charges | 650 | €67,117 | €128 | -€66,988 | -99.8% |
| Other financial charges | 652/9 | €100,887 | €30,449 | -€70,438 | -69.8% |
| Profit (loss) for the period before taxes | 9903 | €3,480,758 | €5,323,779 | +€1.8m | +52.9% |
| Income taxes | 67/77 | €624,872 | €687,610 | +€62,738 | +10.0% |
| Taxes | 670/3 | €624,872 | €687,912 | +€63,039 | +10.1% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €302 | +€302 | |
| Profit (loss) for the period | 9904 | €2,855,885 | €4,636,169 | +€1.8m | +62.3% |
| Transfer from tax-exempt reserves | 789 | €0 | €102,806 | +€102,806 | |
| Transfer to tax-exempt reserves | 689 | €1,026,413 | €0 | -€1.0m | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €1,829,473 | €4,738,975 | +€2.9m | +159% |
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 17 October 2026 via checked.be.