Soetaert: 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.
Soetaert
Largest movements
- Cash -€58,345
down €58,345 (-18.8%), from €309,992 to €251,647
mainly Tax, wage and social debts (-€59,069) and Receivables within one year (-€4,646)
- Tax, wage and social debts -€59,069
down €59,069 (-89.9%), from €65,733 to €6,664
- Turnover -€79,972
down €79,972 (-80.9%), from €98,848 to €18,876
- Gross operating margin -€76,726
down €76,726 (-86.6%), from €88,643 to €11,917
- Taxes -€24,529
down €24,529 (-87.7%), from €27,968 to €3,438
- Depreciation +€2,261
up €2,261 (+945.7%), from €239 to €2,500
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.
Cash bridge derived
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 | €613,182 | €556,983 | -€56,199 | -9.2% |
| Fixed assets | 21/28 | €7,271 | €4,771 | -€2,500 | -34.4% |
| Tangible fixed assets | 22/27 | €7,261 | €4,761 | -€2,500 | -34.4% |
| Furniture and vehicles | 24 | €7,261 | €4,761 | -€2,500 | -34.4% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €605,911 | €552,212 | -€53,699 | -8.9% |
| Amounts receivable within one year | 40/41 | €295,919 | €300,565 | +€4,646 | +1.6% |
| Trade receivables | 40 | €293,886 | €298,533 | +€4,646 | +1.6% |
| Other amounts receivable | 41 | €2,032 | €2,032 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €309,992 | €251,647 | -€58,345 | -18.8% |
| Total equity and liabilities | 10/49 | €613,182 | €556,983 | -€56,199 | -9.2% |
| Equity | 10/15 | €522,359 | €526,495 | +€4,136 | +0.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €478,000 | €482,000 | +€4,000 | +0.8% |
| Distributable reserves | 133 | €478,000 | €482,000 | +€4,000 | +0.8% |
| Profit (loss) carried forward | 14 | €25,809 | €25,945 | +€136 | +0.5% |
| Amounts payable | 17/49 | €90,823 | €30,488 | -€60,335 | -66.4% |
| Amounts payable within one year | 42/48 | €90,823 | €30,488 | -€60,335 | -66.4% |
| Trade debts | 44 | €1,185 | €2,499 | +€1,314 | +110.9% |
| Suppliers | 440/4 | €1,185 | €2,499 | +€1,314 | +110.9% |
| Taxes, remuneration and social security | 45 | €65,733 | €6,664 | -€59,069 | -89.9% |
| Taxes | 450/3 | €65,733 | €6,664 | -€59,069 | -89.9% |
| Other amounts payable | 47/48 | €23,905 | €21,325 | -€2,580 | -10.8% |
| Turnover | 70 | €98,848 | €18,876 | -€79,972 | -80.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,205 | €10,679 | +€474 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239 | €2,500 | +€2,261 | +945.7% |
| Other operating charges | 640/8 | €1,320 | €1,422 | +€102 | +7.8% |
| Gross operating margin | 9900 | €88,643 | €11,917 | -€76,726 | -86.6% |
| Operating profit (loss) | 9901 | €87,084 | €7,994 | -€79,089 | -90.8% |
| Financial charges | 65/66B | €79 | €420 | +€341 | +434.5% |
| Recurring financial charges | 65 | €79 | €420 | +€341 | +434.5% |
| Profit (loss) for the period before taxes | 9903 | €87,005 | €7,574 | -€79,431 | -91.3% |
| Income taxes | 67/77 | €27,968 | €3,438 | -€24,529 | -87.7% |
| Profit (loss) for the period | 9904 | €59,037 | €4,136 | -€54,901 | -93.0% |
| Profit (loss) for the period to be appropriated | 9905 | €59,037 | €4,136 | -€54,901 | -93.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.