Soetaert Eventing: 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.
Soetaert Eventing
Largest movements
- Cash +€13,673
up €13,673 (+169%), from €8,100 to €21,772
mainly Other debts (+€14,120) and Advances received (+€11,013)
- Receivables within one year +€10,914
up €10,914 (+639%), from €1,708 to €12,622
of which Trade receivables: +€10,883
- Tangible fixed assets +€1,872
up €1,872 (+10.8%), from €17,281 to €19,153
of which Plant, machinery and equipment: +€5,220
- Formation expenses -€797
down €797 (-31.9%), from €2,503 to €1,706
- Other debts +€14,120
up €14,120 (+275%), from €5,141 to €19,261
- Advances received +€11,013
new in 2025: €11,013
- Reserves +€7,155
up €7,155 (+247%), from €2,898 to €10,053
- Trade debts -€4,890
down €4,890 (-40.8%), from €11,979 to €7,090
- Debts after one year -€1,736
down €1,736 (-100%), from €1,736 to €0
- Gross operating margin +€7,579
up €7,579 (+90.7%), from €8,357 to €15,935
- Depreciation +€2,475
up €2,475 (+74.5%), from €3,321 to €5,795
- Taxes +€613
up €613 (+113%), from €542 to €1,155
- Financial charges -€293
down €293 (-28.0%), from €1,046 to €753
- Other operating charges +€163
up €163 (+17.8%), from €914 to €1,077
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 | €30,256 | €55,953 | +€25,697 | +84.9% |
| Formation expenses | 20 | €2,503 | €1,706 | -€797 | -31.9% |
| Fixed assets | 21/28 | €17,281 | €19,153 | +€1,872 | +10.8% |
| Tangible fixed assets | 22/27 | €17,281 | €19,153 | +€1,872 | +10.8% |
| Plant, machinery and equipment | 23 | €844 | €6,064 | +€5,220 | +618% |
| Furniture and vehicles | 24 | €16,437 | €13,090 | -€3,347 | -20.4% |
| Current assets | 29/58 | €10,472 | €35,094 | +€24,622 | +235% |
| Amounts receivable within one year | 40/41 | €1,708 | €12,622 | +€10,914 | +639% |
| Trade receivables | 40 | €1,677 | €12,559 | +€10,883 | +649% |
| Other amounts receivable | 41 | €32 | €63 | +€32 | +100% |
| Cash at bank and in hand | 54/58 | €8,100 | €21,772 | +€13,673 | +169% |
| Deferred charges and accrued income | 490/1 | €664 | €700 | +€35 | +5.3% |
| Total equity and liabilities | 10/49 | €30,256 | €55,953 | +€25,697 | +84.9% |
| Equity | 10/15 | €7,898 | €15,053 | +€7,155 | +90.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,898 | €10,053 | +€7,155 | +247% |
| Distributable reserves | 133 | €2,898 | €10,053 | +€7,155 | +247% |
| Amounts payable | 17/49 | €22,358 | €40,901 | +€18,542 | +82.9% |
| Amounts payable after more than one year | 17 | €1,736 | €0 | -€1,736 | -100% |
| Financial debts | 170/4 | €1,736 | €0 | -€1,736 | -100% |
| Amounts payable within one year | 42/48 | €20,622 | €40,901 | +€20,278 | +98.3% |
| Current portion of amounts payable after more than one year | 42 | €2,224 | €1,736 | -€488 | -21.9% |
| Trade debts | 44 | €11,979 | €7,090 | -€4,890 | -40.8% |
| Suppliers | 440/4 | €11,979 | €7,090 | -€4,890 | -40.8% |
| Advances received on contracts in progress | 46 | - | €11,013 | +€11,013 | |
| Taxes, remuneration and social security | 45 | €1,278 | €1,800 | +€522 | +40.8% |
| Taxes | 450/3 | €1,278 | €1,800 | +€522 | +40.8% |
| Other amounts payable | 47/48 | €5,141 | €19,261 | +€14,120 | +275% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,321 | €5,795 | +€2,475 | +74.5% |
| Other operating charges | 640/8 | €914 | €1,077 | +€163 | +17.8% |
| Gross operating margin | 9900 | €8,357 | €15,935 | +€7,579 | +90.7% |
| Operating profit (loss) | 9901 | €4,122 | €9,063 | +€4,941 | +120% |
| Financial charges | 65/66B | €1,046 | €753 | -€293 | -28.0% |
| Recurring financial charges | 65 | €1,046 | €753 | -€293 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €3,076 | €8,310 | +€5,234 | +170% |
| Income taxes | 67/77 | €542 | €1,155 | +€613 | +113% |
| Profit (loss) for the period | 9904 | €2,534 | €7,155 | +€4,621 | +182% |
| Profit (loss) for the period to be appropriated | 9905 | €2,534 | €7,155 | +€4,621 | +182% |
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 23 October 2026 via checked.be.