Soete Karin: 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 Karin
Largest movements
- Cash +€78,047
up €78,047 (+24.9%), from €313,028 to €391,074
mainly Net result for the year (+€83,431) and Receivables within one year (+€43,532)
- Receivables within one year -€43,532
down €43,532 (-71.9%), from €60,550 to €17,018
- Tangible fixed assets -€22,547
down €22,547 (-26.1%), from €86,374 to €63,827
of which Furniture and vehicles: -€17,929
- Reserves +€25,610
up €25,610 (+6.1%), from €421,179 to €446,788
- Tax, wage and social debts -€6,509
down €6,509 (-85.3%), from €7,627 to €1,118
- Trade debts -€5,498
down €5,498 (-43.1%), from €12,747 to €7,249
- Gross operating margin +€7,862
up €7,862 (+6.1%), from €129,751 to €137,614
- Other operating charges -€3,373
down €3,373 (-79.3%), from €4,254 to €881
- Taxes +€2,740
up €2,740 (+9.1%), from €29,977 to €32,718
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 | €460,152 | €473,755 | +€13,603 | +3.0% |
| Fixed assets | 21/28 | €86,574 | €64,027 | -€22,547 | -26.0% |
| Tangible fixed assets | 22/27 | €86,374 | €63,827 | -€22,547 | -26.1% |
| Land and buildings | 22 | €18,362 | €14,901 | -€3,461 | -18.8% |
| Plant, machinery and equipment | 23 | €1,696 | €538 | -€1,158 | -68.3% |
| Furniture and vehicles | 24 | €66,317 | €48,389 | -€17,929 | -27.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €373,578 | €409,728 | +€36,151 | +9.7% |
| Amounts receivable within one year | 40/41 | €60,550 | €17,018 | -€43,532 | -71.9% |
| Other amounts receivable | 41 | €60,550 | €17,018 | -€43,532 | -71.9% |
| Cash at bank and in hand | 54/58 | €313,028 | €391,074 | +€78,047 | +24.9% |
| Deferred charges and accrued income | 490/1 | - | €1,636 | +€1,636 | |
| Total equity and liabilities | 10/49 | €460,152 | €473,755 | +€13,603 | +3.0% |
| Equity | 10/15 | €439,779 | €465,388 | +€25,610 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €421,179 | €446,788 | +€25,610 | +6.1% |
| Distributable reserves | 133 | €421,179 | €446,788 | +€25,610 | +6.1% |
| Amounts payable | 17/49 | €20,374 | €8,367 | -€12,006 | -58.9% |
| Amounts payable within one year | 42/48 | €20,374 | €8,367 | -€12,006 | -58.9% |
| Trade debts | 44 | €12,747 | €7,249 | -€5,498 | -43.1% |
| Suppliers | 440/4 | €12,747 | €7,249 | -€5,498 | -43.1% |
| Taxes, remuneration and social security | 45 | €7,627 | €1,118 | -€6,509 | -85.3% |
| Taxes | 450/3 | €7,627 | €1,118 | -€6,509 | -85.3% |
| Non-recurring operating income | 76A | €12,582 | €4,281 | -€8,301 | -66.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,379 | €22,547 | +€1,168 | +5.5% |
| Other operating charges | 640/8 | €4,254 | €881 | -€3,373 | -79.3% |
| Gross operating margin | 9900 | €129,751 | €137,614 | +€7,862 | +6.1% |
| Operating profit (loss) | 9901 | €104,118 | €114,186 | +€10,068 | +9.7% |
| Financial income | 75/76B | €2,706 | €2,076 | -€630 | -23.3% |
| Recurring financial income | 75 | €2,706 | €2,076 | -€630 | -23.3% |
| Financial charges | 65/66B | €72 | €113 | +€40 | +55.3% |
| Recurring financial charges | 65 | €72 | €113 | +€40 | +55.3% |
| Profit (loss) for the period before taxes | 9903 | €106,751 | €116,149 | +€9,398 | +8.8% |
| Income taxes | 67/77 | €29,977 | €32,718 | +€2,740 | +9.1% |
| Profit (loss) for the period | 9904 | €76,774 | €83,431 | +€6,658 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €76,774 | €83,431 | +€6,658 | +8.7% |
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 19 October 2026 via checked.be.