SOENENS CURD: 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.
SOENENS CURD
Largest movements
- Cash +€88,876
up €88,876 (+44.8%), from €198,305 to €287,181
mainly Net result for the year (+€57,035) and Other debts (+€34,445)
- Receivables within one year +€11,812
up €11,812 (+21.8%), from €54,241 to €66,053
of which Trade receivables: +€13,052
- Tangible fixed assets -€9,535
down €9,535 (-30.2%), from €31,609 to €22,074
of which Furniture and vehicles: -€7,288
- Reserves +€57,035
up €57,035 (+35.8%), from €159,186 to €216,221
of which Distributable reserves: +€57,035
- Other debts +€34,445
up €34,445 (+57.4%), from €59,965 to €94,410
- Tax, wage and social debts +€12,702
up €12,702 (+1,294%), from €982 to €13,684
- Debts after one year -€12,500
down €12,500 (-57.1%), from €21,875 to €9,375
- Gross operating margin +€18,698
up €18,698 (+23.0%), from €81,279 to €99,977
- Taxes +€5,634
up €5,634 (+26.9%), from €20,982 to €26,616
- Other operating charges -€4,412
down €4,412 (-74.0%), from €5,964 to €1,552
- Financial charges +€4,253
up €4,253 (+431%), from €988 to €5,240
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 | €288,242 | €380,044 | +€91,802 | +31.8% |
| Fixed assets | 21/28 | €31,609 | €22,074 | -€9,535 | -30.2% |
| Tangible fixed assets | 22/27 | €31,609 | €22,074 | -€9,535 | -30.2% |
| Land and buildings | 22 | €4,354 | €3,802 | -€552 | -12.7% |
| Plant, machinery and equipment | 23 | €5,797 | €4,102 | -€1,695 | -29.2% |
| Furniture and vehicles | 24 | €21,458 | €14,170 | -€7,288 | -34.0% |
| Current assets | 29/58 | €256,633 | €357,970 | +€101,336 | +39.5% |
| Stocks and contracts in progress | 3 | €2,221 | €750 | -€1,471 | -66.2% |
| Stocks | 30/36 | €1,971 | €750 | -€1,221 | -61.9% |
| Contracts in progress | 37 | €250 | €0 | -€250 | -100% |
| Amounts receivable within one year | 40/41 | €54,241 | €66,053 | +€11,812 | +21.8% |
| Trade receivables | 40 | €52,943 | €65,996 | +€13,052 | +24.7% |
| Other amounts receivable | 41 | €1,298 | €58 | -€1,240 | -95.6% |
| Cash at bank and in hand | 54/58 | €198,305 | €287,181 | +€88,876 | +44.8% |
| Deferred charges and accrued income | 490/1 | €1,866 | €3,985 | +€2,119 | +114% |
| Total equity and liabilities | 10/49 | €288,242 | €380,044 | +€91,802 | +31.8% |
| Equity | 10/15 | €159,686 | €216,721 | +€57,035 | +35.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €159,186 | €216,221 | +€57,035 | +35.8% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €159,136 | €216,171 | +€57,035 | +35.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €128,556 | €163,323 | +€34,767 | +27.0% |
| Amounts payable after more than one year | 17 | €21,875 | €9,375 | -€12,500 | -57.1% |
| Financial debts | 170/4 | €21,875 | €9,375 | -€12,500 | -57.1% |
| Amounts payable within one year | 42/48 | €106,681 | €153,948 | +€47,267 | +44.3% |
| Current portion of amounts payable after more than one year | 42 | €12,500 | €12,500 | = | 0.0% |
| Trade debts | 44 | €33,234 | €33,354 | +€120 | +0.4% |
| Suppliers | 440/4 | €33,234 | €33,354 | +€120 | +0.4% |
| Taxes, remuneration and social security | 45 | €982 | €13,684 | +€12,702 | +1,294% |
| Taxes | 450/3 | €982 | €13,684 | +€12,702 | +1,294% |
| Other amounts payable | 47/48 | €59,965 | €94,410 | +€34,445 | +57.4% |
| Non-recurring operating income | 76A | - | €788 | +€788 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,149 | €9,535 | +€385 | +4.2% |
| Other operating charges | 640/8 | €5,964 | €1,552 | -€4,412 | -74.0% |
| Gross operating margin | 9900 | €81,279 | €99,977 | +€18,698 | +23.0% |
| Operating profit (loss) | 9901 | €66,166 | €88,891 | +€22,725 | +34.3% |
| Financial income | 75/76B | €764 | €1 | -€764 | -99.9% |
| Recurring financial income | 75 | €1 | €1 | -€1 | -57.1% |
| Non-recurring financial income | 76B | €763 | - | -€763 | |
| Financial charges | 65/66B | €988 | €5,240 | +€4,253 | +431% |
| Recurring financial charges | 65 | €988 | €5,240 | +€4,253 | +431% |
| Profit (loss) for the period before taxes | 9903 | €65,943 | €83,651 | +€17,708 | +26.9% |
| Income taxes | 67/77 | €20,982 | €26,616 | +€5,634 | +26.9% |
| Profit (loss) for the period | 9904 | €44,961 | €57,035 | +€12,074 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,961 | €57,035 | +€12,074 | +26.9% |
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 30 October 2026 via checked.be.