Soetemans-Derom: 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.
Soetemans-Derom
Largest movements
- Cash +€39,713
up €39,713 (+56.8%), from €69,914 to €109,626
mainly Depreciation (+€24,197) and Net result for the year (+€20,105)
- Receivables within one year -€7,454
down €7,454 (-85.7%), from €8,703 to €1,248
of which Trade receivables: -€8,128
- Intangible fixed assets -€5,800
down €5,800 (-11.1%), from €52,200 to €46,400
- Tangible fixed assets -€4,397
down €4,397 (-7.1%), from €62,101 to €57,703
of which Furniture and vehicles: -€6,286
- Reserves +€18,439
up €18,439 (+40.7%), from €45,353 to €63,791
- Tax, wage and social debts +€9,002
up €9,002 (+30.9%), from €29,150 to €38,153
of which Remuneration and social security: +€5,397
- Debts after one year -€4,013
no longer reported in 2025 (was €4,013)
- Gross operating margin -€23,236
down €23,236 (-22.1%), from €104,966 to €81,729
- Staff costs +€12,011
up €12,011 (+82.9%), from €14,491 to €26,502
- Taxes -€9,137
down €9,137 (-50.0%), from €18,281 to €9,144
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 | €221,202 | €244,179 | +€22,976 | +10.4% |
| Fixed assets | 21/28 | €114,301 | €104,103 | -€10,197 | -8.9% |
| Intangible fixed assets | 21 | €52,200 | €46,400 | -€5,800 | -11.1% |
| Tangible fixed assets | 22/27 | €62,101 | €57,703 | -€4,397 | -7.1% |
| Plant, machinery and equipment | 23 | €47,511 | €49,626 | +€2,114 | +4.5% |
| Furniture and vehicles | 24 | €12,571 | €6,286 | -€6,286 | -50.0% |
| Other tangible fixed assets | 26 | €2,018 | €1,792 | -€226 | -11.2% |
| Current assets | 29/58 | €106,902 | €140,076 | +€33,174 | +31.0% |
| Stocks and contracts in progress | 3 | €24,540 | €26,868 | +€2,328 | +9.5% |
| Stocks | 30/36 | €24,540 | €26,868 | +€2,328 | +9.5% |
| Amounts receivable within one year | 40/41 | €8,703 | €1,248 | -€7,454 | -85.7% |
| Trade receivables | 40 | €8,703 | €575 | -€8,128 | -93.4% |
| Other amounts receivable | 41 | - | €673 | +€673 | |
| Cash at bank and in hand | 54/58 | €69,914 | €109,626 | +€39,713 | +56.8% |
| Deferred charges and accrued income | 490/1 | €3,745 | €2,333 | -€1,413 | -37.7% |
| Total equity and liabilities | 10/49 | €221,202 | €244,179 | +€22,976 | +10.4% |
| Equity | 10/15 | €48,853 | €67,291 | +€18,439 | +37.7% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €45,353 | €63,791 | +€18,439 | +40.7% |
| Distributable reserves | 133 | €45,353 | €63,791 | +€18,439 | +40.7% |
| Amounts payable | 17/49 | €172,350 | €176,887 | +€4,538 | +2.6% |
| Amounts payable after more than one year | 17 | €4,013 | - | -€4,013 | |
| Other amounts payable | 178/9 | €4,013 | - | -€4,013 | |
| Amounts payable within one year | 42/48 | €168,337 | €176,887 | +€8,551 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €5,287 | €4,013 | -€1,274 | -24.1% |
| Trade debts | 44 | €113,971 | €114,066 | +€95 | +0.1% |
| Suppliers | 440/4 | €113,971 | €112,842 | -€1,128 | -1.0% |
| Bills of exchange payable | 441 | - | €1,223 | +€1,223 | |
| Taxes, remuneration and social security | 45 | €29,150 | €38,153 | +€9,002 | +30.9% |
| Taxes | 450/3 | €23,805 | €27,411 | +€3,605 | +15.1% |
| Remuneration and social security | 454/9 | €5,345 | €10,742 | +€5,397 | +101% |
| Other amounts payable | 47/48 | €19,930 | €20,656 | +€727 | +3.6% |
| Remuneration, social security and pensions | 62 | €14,491 | €26,502 | +€12,011 | +82.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,208 | €24,197 | -€11 | 0.0% |
| Other operating charges | 640/8 | €434 | €261 | -€174 | -40.0% |
| Gross operating margin | 9900 | €104,966 | €81,729 | -€23,236 | -22.1% |
| Operating profit (loss) | 9901 | €65,832 | €30,769 | -€35,063 | -53.3% |
| Financial charges | 65/66B | €532 | €1,521 | +€989 | +186% |
| Recurring financial charges | 65 | €532 | €1,521 | +€989 | +186% |
| Profit (loss) for the period before taxes | 9903 | €65,300 | €29,248 | -€36,052 | -55.2% |
| Income taxes | 67/77 | €18,281 | €9,144 | -€9,137 | -50.0% |
| Profit (loss) for the period | 9904 | €47,019 | €20,105 | -€26,914 | -57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,019 | €20,105 | -€26,914 | -57.2% |
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 29 October 2026 via checked.be.