SOETEMANS: what changed
What changed
SOETEMANS
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
-€1,563
2024 · €29,165-€30,727
Equity
€284,002
2024 · €290,565-€6,563
Cash
€54,454
2024 · €136,740-€82,286
Balance sheet total
€1.2m
2024 · €455,847+€779,702
Largest movements
Assets
- Tangible fixed assets +€433,550
up €433,550 (+181%), from €239,782 to €673,331
of which Land and buildings: +€429,518
- Stocks and contracts +€412,690
up €412,690 (+4,353%), from €9,481 to €422,170
- Cash -€82,286
down €82,286 (-60.2%), from €136,740 to €54,454
mainly Investment in fixed assets (net) (-€493,904) and Stocks and contracts (-€412,690)
- Receivables within one year +€15,675
up €15,675 (+107%), from €14,664 to €30,339
of which Trade receivables: +€13,943
Equity and liabilities
- Debts after one year +€285,721
up €285,721 (+296%), from €96,563 to €382,285
- Other debts +€284,710
up €284,710 (+4,133%), from €6,888 to €291,598
- Trade debts +€115,156
up €115,156 (+2,003%), from €5,750 to €120,906
- Accrued charges and deferred income +€46,519
up €46,519 (+750%), from €6,206 to €52,725
- Advances received +€38,101
new in 2025: €38,101
Income statement
- Gross operating margin -€58,195
down €58,195 (-27.0%), from €215,713 to €157,519
- Staff costs -€39,150
down €39,150 (-33.5%), from €116,846 to €77,696
- Depreciation +€15,462
up €15,462 (+34.4%), from €44,892 to €60,354
- Taxes -€11,326
down €11,326 (-93.7%), from €12,086 to €760
- Other operating charges +€5,341
up €5,341 (+156%), from €3,419 to €8,759
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€29,165
Gross operating margin
-€58,195
Staff costs
+€39,150
Depreciation
-€15,462
Other operating charges
-€5,341
Financial income
+€89
Financial charges
-€2,295
Taxes
+€11,326
Result 2025
-€1,563
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€114,312
Investment
-€493,904
Financing
+€297,307
Cash 2024
€136,740
From operations (derived)
+€114,312
Net result for the year
-€1,563
Depreciation
+€60,354
Stocks and contracts
-€412,690
Receivables within one year
-€15,675
Smaller working-capital items
-€601
Trade debts
+€115,156
Advances received
+€38,101
Other debts
+€284,710
Accrued charges and deferred income
+€46,519
Investment (derived)
-€493,904
Investment in fixed assets (net)
-€493,904
Financing
+€297,307
Debts after one year
+€285,721
Current portion of long-term debt
+€16,585
Contributions, distributions and other
-€5,000
Cash 2025
€54,454
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €455,847 | €1,235,549 | +€779,702 | +171% |
| Fixed assets | 21/28 | €239,782 | €673,331 | +€433,550 | +181% |
| Tangible fixed assets | 22/27 | €239,782 | €673,331 | +€433,550 | +181% |
| Land and buildings | 22 | €110,775 | €540,294 | +€429,518 | +388% |
| Plant, machinery and equipment | 23 | €17,120 | €12,400 | -€4,720 | -27.6% |
| Furniture and vehicles | 24 | €106,306 | €115,959 | +€9,653 | +9.1% |
| Other tangible fixed assets | 26 | €5,580 | €4,679 | -€901 | -16.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €216,065 | €562,218 | +€346,153 | +160% |
| Stocks and contracts in progress | 3 | €9,481 | €422,170 | +€412,690 | +4,353% |
| Stocks | 30/36 | €9,481 | €422,170 | +€412,690 | +4,353% |
| Amounts receivable within one year | 40/41 | €14,664 | €30,339 | +€15,675 | +107% |
| Trade receivables | 40 | €13,156 | €27,099 | +€13,943 | +106% |
| Other amounts receivable | 41 | €1,507 | €3,240 | +€1,733 | +115% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €136,740 | €54,454 | -€82,286 | -60.2% |
| Deferred charges and accrued income | 490/1 | €55,180 | €55,254 | +€74 | +0.1% |
| Total equity and liabilities | 10/49 | €455,847 | €1,235,549 | +€779,702 | +171% |
| Equity | 10/15 | €290,565 | €284,002 | -€6,563 | -2.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €275,565 | €269,002 | -€6,563 | -2.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €275,565 | €269,002 | -€6,563 | -2.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €165,282 | €951,547 | +€786,265 | +476% |
| Amounts payable after more than one year | 17 | €96,563 | €382,285 | +€285,721 | +296% |
| Financial debts | 170/4 | €96,563 | €382,285 | +€285,721 | +296% |
| Amounts payable within one year | 42/48 | €62,513 | €516,537 | +€454,025 | +726% |
| Current portion of amounts payable after more than one year | 42 | €21,027 | €37,612 | +€16,585 | +78.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,750 | €120,906 | +€115,156 | +2,003% |
| Suppliers | 440/4 | €5,750 | €120,906 | +€115,156 | +2,003% |
| Advances received on contracts in progress | 46 | - | €38,101 | +€38,101 | |
| Taxes, remuneration and social security | 45 | €28,847 | €28,320 | -€528 | -1.8% |
| Taxes | 450/3 | €9,404 | €19,252 | +€9,848 | +105% |
| Remuneration and social security | 454/9 | €19,443 | €9,068 | -€10,375 | -53.4% |
| Other amounts payable | 47/48 | €6,888 | €291,598 | +€284,710 | +4,133% |
| Accrued charges and deferred income | 492/3 | €6,206 | €52,725 | +€46,519 | +750% |
| Remuneration, social security and pensions | 62 | €116,846 | €77,696 | -€39,150 | -33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,892 | €60,354 | +€15,462 | +34.4% |
| Other operating charges | 640/8 | €3,419 | €8,759 | +€5,341 | +156% |
| Gross operating margin | 9900 | €215,713 | €157,519 | -€58,195 | -27.0% |
| Operating profit (loss) | 9901 | €50,557 | €10,709 | -€39,848 | -78.8% |
| Financial income | 75/76B | €475 | €565 | +€89 | +18.8% |
| Recurring financial income | 75 | €475 | €565 | +€89 | +18.8% |
| Financial charges | 65/66B | €9,782 | €12,076 | +€2,295 | +23.5% |
| Recurring financial charges | 65 | €9,782 | €12,076 | +€2,295 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €41,250 | -€803 | -€42,053 | |
| Income taxes | 67/77 | €12,086 | €760 | -€11,326 | -93.7% |
| Profit (loss) for the period | 9904 | €29,165 | -€1,563 | -€30,727 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,165 | -€1,563 | -€30,727 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.