SOETE PROJECTS: 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 PROJECTS
Largest movements
- Cash -€44,937
down €44,937 (-91.8%), from €48,925 to €3,988
mainly Investment in fixed assets (net) (-€40,110) and Receivables within one year (-€20,598)
- Receivables within one year +€20,598
up €20,598 (+144.8%), from €14,221 to €34,819
of which Trade receivables: +€27,951
- Tangible fixed assets +€17,658
up €17,658 (+31.1%), from €56,830 to €74,488
of which Plant, machinery and equipment: +€24,056
- Financial fixed assets +€4,560
new in 2025: €4,560
- Stocks and contracts +€2,100
new in 2025: €2,100
- Other debts +€20,525
up €20,525 (+26.0%), from €78,839 to €99,364
- Profit (loss) carried forward -€15,456
down €15,456, from €5,050 to -€10,406
- Tax, wage and social debts -€2,470
down €2,470 (-94.3%), from €2,619 to €149
- Trade debts -€1,953
down €1,953 (-6.4%), from €30,745 to €28,792
- Depreciation +€14,746
up €14,746 (+468.7%), from €3,146 to €17,892
- Gross operating margin +€2,058
up €2,058 (+118.9%), from €1,730 to €3,788
- Other operating charges +€500
up €500 (+86.6%), from €577 to €1,077
- Financial charges +€191
up €191 (+226.3%), from €84 to €275
of which Financial charges: +€181
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 | €122,253 | €122,899 | +€645 | +0.5% |
| Fixed assets | 21/28 | €56,830 | €79,048 | +€22,218 | +39.1% |
| Tangible fixed assets | 22/27 | €56,830 | €74,488 | +€17,658 | +31.1% |
| Plant, machinery and equipment | 23 | €27,677 | €51,733 | +€24,056 | +86.9% |
| Furniture and vehicles | 24 | €29,154 | €22,755 | -€6,398 | -21.9% |
| Financial fixed assets | 28 | - | €4,560 | +€4,560 | |
| Current assets | 29/58 | €65,423 | €43,851 | -€21,572 | -33.0% |
| Stocks and contracts in progress | 3 | - | €2,100 | +€2,100 | |
| Stocks | 30/36 | - | €2,100 | +€2,100 | |
| Amounts receivable within one year | 40/41 | €14,221 | €34,819 | +€20,598 | +144.8% |
| Trade receivables | 40 | - | €27,951 | +€27,951 | |
| Other amounts receivable | 41 | €14,221 | €6,867 | -€7,353 | -51.7% |
| Cash at bank and in hand | 54/58 | €48,925 | €3,988 | -€44,937 | -91.8% |
| Deferred charges and accrued income | 490/1 | €2,277 | €2,944 | +€667 | +29.3% |
| Total equity and liabilities | 10/49 | €122,253 | €122,899 | +€645 | +0.5% |
| Equity | 10/15 | €10,050 | -€5,406 | -€15,456 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,050 | -€10,406 | -€15,456 | |
| Amounts payable | 17/49 | €112,203 | €128,305 | +€16,102 | +14.4% |
| Amounts payable within one year | 42/48 | €112,203 | €128,305 | +€16,102 | +14.4% |
| Trade debts | 44 | €30,745 | €28,792 | -€1,953 | -6.4% |
| Suppliers | 440/4 | €30,745 | €28,792 | -€1,953 | -6.4% |
| Taxes, remuneration and social security | 45 | €2,619 | €149 | -€2,470 | -94.3% |
| Taxes | 450/3 | €2,619 | €149 | -€2,470 | -94.3% |
| Other amounts payable | 47/48 | €78,839 | €99,364 | +€20,525 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,146 | €17,892 | +€14,746 | +468.7% |
| Other operating charges | 640/8 | €577 | €1,077 | +€500 | +86.6% |
| Gross operating margin | 9900 | €1,730 | €3,788 | +€2,058 | +118.9% |
| Operating profit (loss) | 9901 | -€1,993 | -€15,181 | -€13,188 | -661.5% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €84 | €275 | +€191 | +226.3% |
| Recurring financial charges | 65 | €84 | €266 | +€181 | +214.9% |
| Non-recurring financial charges | 66B | - | €10 | +€10 | |
| Profit (loss) for the period before taxes | 9903 | -€2,078 | -€15,456 | -€13,378 | -643.9% |
| Profit (loss) for the period | 9904 | -€2,078 | -€15,456 | -€13,378 | -643.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,078 | -€15,456 | -€13,378 | -643.9% |
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 11 October 2026 via checked.be.