SOETAERT TECHNICS: 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 TECHNICS
Largest movements
- Current investments +€39,000
new in 2025: €39,000
- Cash -€37,525
down €37,525 (-15.2%), from €246,676 to €209,151
mainly Current investments (-€39,000) and Investment in fixed assets (net) (-€34,123)
- Receivables within one year +€24,286
up €24,286 (+49.7%), from €48,875 to €73,161
of which Trade receivables: +€24,584
- Tangible fixed assets +€13,177
up €13,177 (+16.6%), from €79,491 to €92,668
- Reserves +€70,614
up €70,614 (+24.7%), from €286,074 to €356,688
- Trade debts -€28,859
down €28,859 (-91.0%), from €31,717 to €2,858
- Tax, wage and social debts -€6,384
down €6,384 (-35.7%), from €17,871 to €11,487
of which Taxes: -€9,134
- Gross operating margin -€39,637
down €39,637 (-25.4%), from €155,814 to €116,177
- Taxes -€13,182
down €13,182 (-34.6%), from €38,130 to €24,947
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 | €375,646 | €414,883 | +€39,237 | +10.4% |
| Fixed assets | 21/28 | €79,491 | €92,668 | +€13,177 | +16.6% |
| Tangible fixed assets | 22/27 | €79,491 | €92,668 | +€13,177 | +16.6% |
| Furniture and vehicles | 24 | €79,491 | €92,668 | +€13,177 | +16.6% |
| Current assets | 29/58 | €296,155 | €322,214 | +€26,060 | +8.8% |
| Amounts receivable within one year | 40/41 | €48,875 | €73,161 | +€24,286 | +49.7% |
| Trade receivables | 40 | €47,565 | €72,149 | +€24,584 | +51.7% |
| Other amounts receivable | 41 | €1,310 | €1,012 | -€298 | -22.8% |
| Current investments | 50/53 | - | €39,000 | +€39,000 | |
| Cash at bank and in hand | 54/58 | €246,676 | €209,151 | -€37,525 | -15.2% |
| Deferred charges and accrued income | 490/1 | €604 | €902 | +€299 | +49.5% |
| Total equity and liabilities | 10/49 | €375,646 | €414,883 | +€39,237 | +10.4% |
| Equity | 10/15 | €306,074 | €376,688 | +€70,614 | +23.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €286,074 | €356,688 | +€70,614 | +24.7% |
| Distributable reserves | 133 | €286,074 | €356,688 | +€70,614 | +24.7% |
| Amounts payable | 17/49 | €69,572 | €38,195 | -€31,377 | -45.1% |
| Amounts payable within one year | 42/48 | €69,572 | €38,195 | -€31,377 | -45.1% |
| Trade debts | 44 | €31,717 | €2,858 | -€28,859 | -91.0% |
| Suppliers | 440/4 | €31,717 | €2,858 | -€28,859 | -91.0% |
| Taxes, remuneration and social security | 45 | €17,871 | €11,487 | -€6,384 | -35.7% |
| Taxes | 450/3 | €17,871 | €8,737 | -€9,134 | -51.1% |
| Remuneration and social security | 454/9 | - | €2,750 | +€2,750 | |
| Other amounts payable | 47/48 | €19,984 | €23,850 | +€3,866 | +19.3% |
| Non-recurring operating income | 76A | - | €5,606 | +€5,606 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,990 | €20,945 | -€1,044 | -4.7% |
| Other operating charges | 640/8 | €1,133 | €783 | -€350 | -30.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €155,814 | €116,177 | -€39,637 | -25.4% |
| Operating profit (loss) | 9901 | €132,691 | €94,449 | -€38,242 | -28.8% |
| Financial income | 75/76B | €802 | €1,168 | +€366 | +45.6% |
| Recurring financial income | 75 | €802 | €1,168 | +€366 | +45.6% |
| Financial charges | 65/66B | €118 | €55 | -€62 | -52.9% |
| Recurring financial charges | 65 | €118 | €55 | -€62 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | €133,376 | €95,561 | -€37,814 | -28.4% |
| Income taxes | 67/77 | €38,130 | €24,947 | -€13,182 | -34.6% |
| Profit (loss) for the period | 9904 | €95,246 | €70,614 | -€24,632 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €95,246 | €70,614 | -€24,632 | -25.9% |
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 17 October 2026 via checked.be.