SOETE: 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.
SOETE
Largest movements
- Tangible fixed assets +€57,518
up €57,518 (+146.6%), from €39,226 to €96,744
of which Furniture and vehicles: +€60,190
- Cash -€46,065
down €46,065 (-83.7%), from €55,014 to €8,949
mainly Investment in fixed assets (net) (-€70,730) and Contributions, distributions and other (-€37,000)
- Receivables within one year +€17,925
up €17,925 (+19.9%), from €89,972 to €107,897
of which Other amounts receivable: +€16,374
- Reserves -€41,832
down €41,832 (-27.9%), from €149,938 to €108,106
of which Distributable reserves: -€41,832
- Other debts +€37,297
new in 2025: €37,297
- Debts after one year +€21,714
new in 2025: €21,714
- Trade debts +€9,316
up €9,316 (+198.3%), from €4,697 to €14,013
- Current portion of long-term debt +€7,649
up €7,649 (+926.9%), from €825 to €8,474
- Gross operating margin -€38,712
down €38,712 (-66.2%), from €58,520 to €19,808
- Taxes -€15,392
down €15,392 (-84.0%), from €18,314 to €2,922
- Depreciation +€9,636
up €9,636 (+269.5%), from €3,576 to €13,212
- Other operating charges +€4,715
up €4,715 (+215.4%), from €2,189 to €6,904
- Financial charges -€909
down €909 (-29.7%), from €3,060 to €2,151
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.
Cash bridge derived
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 | €184,790 | €216,287 | +€31,497 | +17.0% |
| Fixed assets | 21/28 | €39,271 | €96,789 | +€57,518 | +146.5% |
| Tangible fixed assets | 22/27 | €39,226 | €96,744 | +€57,518 | +146.6% |
| Plant, machinery and equipment | 23 | €9,590 | €6,918 | -€2,672 | -27.9% |
| Furniture and vehicles | 24 | €29,636 | €89,826 | +€60,190 | +203.1% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €145,520 | €119,499 | -€26,021 | -17.9% |
| Amounts receivable within one year | 40/41 | €89,972 | €107,897 | +€17,925 | +19.9% |
| Trade receivables | 40 | €15,356 | €16,907 | +€1,552 | +10.1% |
| Other amounts receivable | 41 | €74,616 | €90,990 | +€16,374 | +21.9% |
| Cash at bank and in hand | 54/58 | €55,014 | €8,949 | -€46,065 | -83.7% |
| Deferred charges and accrued income | 490/1 | €534 | €2,653 | +€2,119 | +396.8% |
| Total equity and liabilities | 10/49 | €184,790 | €216,287 | +€31,497 | +17.0% |
| Equity | 10/15 | €169,086 | €126,706 | -€42,380 | -25.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €149,938 | €108,106 | -€41,832 | -27.9% |
| Tax-exempt reserves | 132 | €21,138 | €21,138 | = | 0.0% |
| Distributable reserves | 133 | €128,800 | €86,968 | -€41,832 | -32.5% |
| Profit (loss) carried forward | 14 | €548 | - | -€548 | |
| Amounts payable | 17/49 | €15,705 | €89,582 | +€73,877 | +470.4% |
| Amounts payable after more than one year | 17 | - | €21,714 | +€21,714 | |
| Financial debts | 170/4 | - | €21,714 | +€21,714 | |
| Amounts payable within one year | 42/48 | €15,606 | €67,868 | +€52,261 | +334.9% |
| Current portion of amounts payable after more than one year | 42 | €825 | €8,474 | +€7,649 | +926.9% |
| Financial debts | 43 | €9,123 | €6,083 | -€3,040 | -33.3% |
| Credit institutions | 430/8 | €9,123 | €6,083 | -€3,040 | -33.3% |
| Trade debts | 44 | €4,697 | €14,013 | +€9,316 | +198.3% |
| Suppliers | 440/4 | €4,697 | €14,013 | +€9,316 | +198.3% |
| Taxes, remuneration and social security | 45 | €961 | €2,000 | +€1,039 | +108.2% |
| Taxes | 450/3 | €961 | €400 | -€561 | -58.4% |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Other amounts payable | 47/48 | - | €37,297 | +€37,297 | |
| Accrued charges and deferred income | 492/3 | €99 | - | -€99 | |
| Non-recurring operating income | 76A | - | €1,914 | +€1,914 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,576 | €13,212 | +€9,636 | +269.5% |
| Other operating charges | 640/8 | €2,189 | €6,904 | +€4,715 | +215.4% |
| Non-recurring operating charges | 66A | €169 | - | -€169 | |
| Gross operating margin | 9900 | €58,520 | €19,808 | -€38,712 | -66.2% |
| Operating profit (loss) | 9901 | €52,587 | -€307 | -€52,894 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,060 | €2,151 | -€909 | -29.7% |
| Recurring financial charges | 65 | €3,060 | €2,151 | -€909 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €49,527 | -€2,458 | -€51,985 | |
| Income taxes | 67/77 | €18,314 | €2,922 | -€15,392 | -84.0% |
| Profit (loss) for the period | 9904 | €31,213 | -€5,380 | -€36,593 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,213 | -€5,380 | -€36,593 |
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 10 October 2026 via checked.be.