SOETAERT: what changed
SOETAERT
Largest movements
- Receivables after one year +€15,000
up €15,000 (+17.6%), from €85,000 to €100,000
- Cash -€5,226
down €5,226 (-90.5%), from €5,774 to €547
mainly Receivables after one year (-€15,000) and Trade debts (-€5,657)
- Receivables within one year -€2,047
down €2,047 (-41.1%), from €4,977 to €2,930
of which Other amounts receivable: -€1,396
- Reserves +€14,007
up €14,007 (+25.0%), from €55,936 to €69,943
of which Distributable reserves: +€15,867
- Trade debts -€5,657
down €5,657 (-87.0%), from €6,505 to €848
- Short-term financial debts +€4,764
new in 2025: €4,764
- Current portion of long-term debt -€4,098
down €4,098 (-90.2%), from €4,545 to €447
- Tax, wage and social debts -€1,423
down €1,423 (-10.9%), from €13,038 to €11,614
- Gross operating margin +€9,589
up €9,589 (+68.1%), from €14,078 to €23,667
- Taxes +€2,648
up €2,648 (+77.6%), from €3,412 to €6,060
- Financial charges +€491
up €491 (+101%), from €488 to €978
- Other operating charges +€479
up €479 (+39.2%), from €1,222 to €1,701
- Depreciation +€289
up €289 (+45.7%), from €632 to €921
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 | €99,518 | €106,216 | +€6,698 | +6.7% |
| Fixed assets | 21/28 | €3,660 | €2,739 | -€921 | -25.2% |
| Tangible fixed assets | 22/27 | €3,660 | €2,739 | -€921 | -25.2% |
| Plant, machinery and equipment | 23 | €1,828 | €1,443 | -€385 | -21.1% |
| Furniture and vehicles | 24 | €1,832 | €1,295 | -€536 | -29.3% |
| Current assets | 29/58 | €95,858 | €103,477 | +€7,619 | +7.9% |
| Amounts receivable after more than one year | 29 | €85,000 | €100,000 | +€15,000 | +17.6% |
| Other amounts receivable | 291 | €85,000 | €100,000 | +€15,000 | +17.6% |
| Stocks and contracts in progress | 3 | €108 | - | -€108 | |
| Stocks | 30/36 | €108 | - | -€108 | |
| Amounts receivable within one year | 40/41 | €4,977 | €2,930 | -€2,047 | -41.1% |
| Trade receivables | 40 | €1,672 | €1,021 | -€651 | -38.9% |
| Other amounts receivable | 41 | €3,304 | €1,908 | -€1,396 | -42.2% |
| Cash at bank and in hand | 54/58 | €5,774 | €547 | -€5,226 | -90.5% |
| Total equity and liabilities | 10/49 | €99,518 | €106,216 | +€6,698 | +6.7% |
| Equity | 10/15 | €74,536 | €88,543 | +€14,007 | +18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,936 | €69,943 | +€14,007 | +25.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €54,076 | €69,943 | +€15,867 | +29.3% |
| Amounts payable | 17/49 | €24,982 | €17,673 | -€7,309 | -29.3% |
| Amounts payable after more than one year | 17 | €894 | - | -€894 | |
| Financial debts | 170/4 | €894 | - | -€894 | |
| Amounts payable within one year | 42/48 | €24,088 | €17,673 | -€6,415 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €4,545 | €447 | -€4,098 | -90.2% |
| Financial debts | 43 | - | €4,764 | +€4,764 | |
| Credit institutions | 430/8 | - | €4,764 | +€4,764 | |
| Trade debts | 44 | €6,505 | €848 | -€5,657 | -87.0% |
| Suppliers | 440/4 | €6,505 | €848 | -€5,657 | -87.0% |
| Taxes, remuneration and social security | 45 | €13,038 | €11,614 | -€1,423 | -10.9% |
| Taxes | 450/3 | €13,038 | €11,614 | -€1,423 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €632 | €921 | +€289 | +45.7% |
| Other operating charges | 640/8 | €1,222 | €1,701 | +€479 | +39.2% |
| Gross operating margin | 9900 | €14,078 | €23,667 | +€9,589 | +68.1% |
| Operating profit (loss) | 9901 | €12,224 | €21,045 | +€8,821 | +72.2% |
| Financial charges | 65/66B | €488 | €978 | +€491 | +101% |
| Recurring financial charges | 65 | €488 | €978 | +€491 | +101% |
| Profit (loss) for the period before taxes | 9903 | €11,736 | €20,067 | +€8,331 | +71.0% |
| Income taxes | 67/77 | €3,412 | €6,060 | +€2,648 | +77.6% |
| Profit (loss) for the period | 9904 | €8,324 | €14,007 | +€5,683 | +68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,324 | €14,007 | +€5,683 | +68.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.