SOETAERT GRAPHICS: 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 GRAPHICS
Largest movements
- Tangible fixed assets +€27,876
up €27,876 (+193%), from €14,444 to €42,320
of which Furniture and vehicles: +€28,082
- Receivables within one year +€15,603
up €15,603 (+462%), from €3,381 to €18,984
of which Trade receivables: +€8,017
- Cash +€4,327
up €4,327 (+77.4%), from €5,592 to €9,920
mainly Trade debts (+€42,234) and Net result for the year (+€4,657)
- Trade debts +€42,234
up €42,234 (+22,379%), from €189 to €42,423
- Reserves +€4,657
up €4,657 (+157%), from €2,965 to €7,621
of which Distributable reserves: +€4,657
- Advances received +€1,935
new in 2025: €1,935
- Other debts -€1,584
down €1,584 (-100%), from €1,584 to €0
- Gross operating margin +€5,073
up €5,073 (+97.8%), from €5,185 to €10,258
- Depreciation +€2,597
up €2,597 (+500%), from €519 to €3,116
- Taxes +€1,708
new in 2025: €1,708
- Other operating charges +€190
up €190 (+28.5%), from €669 to €860
- Financial income +€150
up €150, from €0 to €150
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 | €23,418 | €71,224 | +€47,806 | +204% |
| Fixed assets | 21/28 | €14,444 | €42,320 | +€27,876 | +193% |
| Tangible fixed assets | 22/27 | €14,444 | €42,320 | +€27,876 | +193% |
| Plant, machinery and equipment | 23 | €465 | €258 | -€207 | -44.4% |
| Furniture and vehicles | 24 | €13,980 | €42,062 | +€28,082 | +201% |
| Current assets | 29/58 | €8,973 | €28,903 | +€19,930 | +222% |
| Amounts receivable within one year | 40/41 | €3,381 | €18,984 | +€15,603 | +462% |
| Trade receivables | 40 | €2,160 | €10,177 | +€8,017 | +371% |
| Other amounts receivable | 41 | €1,221 | €8,807 | +€7,586 | +621% |
| Cash at bank and in hand | 54/58 | €5,592 | €9,920 | +€4,327 | +77.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €23,418 | €71,224 | +€47,806 | +204% |
| Equity | 10/15 | €21,565 | €26,221 | +€4,657 | +21.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,965 | €7,621 | +€4,657 | +157% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,965 | €7,621 | +€4,657 | +157% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,853 | €45,002 | +€43,150 | +2,329% |
| Amounts payable within one year | 42/48 | €1,853 | €45,002 | +€43,150 | +2,329% |
| Trade debts | 44 | €189 | €42,423 | +€42,234 | +22,379% |
| Suppliers | 440/4 | €189 | €42,423 | +€42,234 | +22,379% |
| Advances received on contracts in progress | 46 | - | €1,935 | +€1,935 | |
| Taxes, remuneration and social security | 45 | €80 | €645 | +€564 | +702% |
| Taxes | 450/3 | €80 | €645 | +€564 | +702% |
| Other amounts payable | 47/48 | €1,584 | €0 | -€1,584 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €519 | €3,116 | +€2,597 | +500% |
| Other operating charges | 640/8 | €669 | €860 | +€190 | +28.5% |
| Gross operating margin | 9900 | €5,185 | €10,258 | +€5,073 | +97.8% |
| Operating profit (loss) | 9901 | €3,997 | €6,283 | +€2,286 | +57.2% |
| Financial income | 75/76B | €0 | €150 | +€150 | |
| Recurring financial income | 75 | €0 | €150 | +€150 | |
| Financial charges | 65/66B | €42 | €68 | +€26 | +62.8% |
| Recurring financial charges | 65 | €42 | €68 | +€26 | +62.8% |
| Profit (loss) for the period before taxes | 9903 | €3,955 | €6,365 | +€2,409 | +60.9% |
| Income taxes | 67/77 | - | €1,708 | +€1,708 | |
| Profit (loss) for the period | 9904 | €3,955 | €4,657 | +€701 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,955 | €4,657 | +€701 | +17.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.