SOETAERT WORKS: what changed
SOETAERT WORKS
Largest movements
- Stocks and contracts -€4,300
no longer reported in 2024 (was €4,300)
- Cash -€1,831
no longer reported in 2024 (was €1,831)
mainly Tax, wage and social debts (-€20,532) and Net result for the year (-€10,633)
- Receivables within one year -€752
down €752 (-2.2%), from €33,848 to €33,095
of which Trade receivables: -€1,146
- Current portion of long-term debt +€26,931
up €26,931 (+295%), from €9,121 to €36,052
- Tax, wage and social debts -€20,532
no longer reported in 2024 (was €20,532)
- Profit (loss) carried forward -€10,633
down €10,633 (-34.3%), from -€30,996 to -€41,629
- Trade debts -€4,215
down €4,215 (-44.7%), from €9,438 to €5,224
- Other debts +€1,564
up €1,564 (+7.4%), from €21,221 to €22,786
- Gross operating margin +€15,335
up €15,335 (+63.4%), from -€24,183 to -€8,848
- Depreciation -€4,367
no longer reported in 2024 (was €4,367)
- Other operating charges -€851
down €851 (-93.1%), from €914 to €63
- Financial charges +€330
up €330 (+21.5%), from €1,533 to €1,863
Change in the result, 2023 to 2024
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 2023 and 2024 balance sheets and the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €47,311 | €40,428 | -€6,884 | -14.5% |
| Fixed assets | 21/28 | €7,332 | €7,332 | = | 0.0% |
| Tangible fixed assets | 22/27 | €7,332 | €7,332 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,144 | €6,144 | = | 0.0% |
| Furniture and vehicles | 24 | €1,188 | €1,188 | = | 0.0% |
| Current assets | 29/58 | €39,979 | €33,095 | -€6,884 | -17.2% |
| Stocks and contracts in progress | 3 | €4,300 | - | -€4,300 | |
| Stocks | 30/36 | €4,300 | - | -€4,300 | |
| Amounts receivable within one year | 40/41 | €33,848 | €33,095 | -€752 | -2.2% |
| Trade receivables | 40 | €33,746 | €32,600 | -€1,146 | -3.4% |
| Other amounts receivable | 41 | €102 | €495 | +€393 | +385% |
| Cash at bank and in hand | 54/58 | €1,831 | - | -€1,831 | |
| Total equity and liabilities | 10/49 | €47,311 | €40,428 | -€6,884 | -14.5% |
| Equity | 10/15 | -€13,001 | -€23,634 | -€10,633 | -81.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €16,995 | €16,995 | = | 0.0% |
| Distributable reserves | 133 | €16,995 | €16,995 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,996 | -€41,629 | -€10,633 | -34.3% |
| Amounts payable | 17/49 | €60,312 | €64,061 | +€3,750 | +6.2% |
| Amounts payable within one year | 42/48 | €60,312 | €64,061 | +€3,750 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €9,121 | €36,052 | +€26,931 | +295% |
| Trade debts | 44 | €9,438 | €5,224 | -€4,215 | -44.7% |
| Suppliers | 440/4 | €9,438 | €5,224 | -€4,215 | -44.7% |
| Taxes, remuneration and social security | 45 | €20,532 | - | -€20,532 | |
| Taxes | 450/3 | €20,532 | - | -€20,532 | |
| Other amounts payable | 47/48 | €21,221 | €22,786 | +€1,564 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,367 | - | -€4,367 | |
| Other operating charges | 640/8 | €914 | €63 | -€851 | -93.1% |
| Gross operating margin | 9900 | -€24,183 | -€8,848 | +€15,335 | +63.4% |
| Operating profit (loss) | 9901 | -€29,463 | -€8,911 | +€20,552 | +69.8% |
| Financial income | 75/76B | €0 | €9 | +€9 | +90,100% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +90,100% |
| Financial charges | 65/66B | €1,533 | €1,863 | +€330 | +21.5% |
| Recurring financial charges | 65 | €1,533 | €1,863 | +€330 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | -€30,996 | -€10,765 | +€20,231 | +65.3% |
| Income taxes | 67/77 | - | -€132 | -€132 | |
| Profit (loss) for the period | 9904 | -€30,996 | -€10,633 | +€20,363 | +65.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,996 | -€10,633 | +€20,363 | +65.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.