SOETEWEI: what changed
Two fiscal 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.
SOETEWEI
Largest movements
- Receivables within one year -€82,520
down €82,520 (-92.5%), from €89,214 to €6,694
of which Trade receivables: -€82,550
- Stocks and contracts +€68,884
up €68,884 (+1.5%), from €4.5m to €4.6m
- Tangible fixed assets +€54,550
up €54,550 (+80.2%), from €67,992 to €122,541
of which Furniture and vehicles: +€56,965
- Profit (loss) carried forward +€95,382
up €95,382 (+4.5%), from €2.1m to €2.2m
- Short-term financial debts -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Gross operating margin +€95,061
up €95,061 (+138.2%), from €68,779 to €163,840
- Taxes +€17,001
up €17,001 (+245.8%), from €6,917 to €23,918
- Depreciation +€7,390
up €7,390 (+28.2%), from €26,244 to €33,634
- Financial charges -€1,773
down €1,773 (-33.4%), from €5,303 to €3,530
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 | €4,808,625 | €4,867,599 | +€58,973 | +1.2% |
| Fixed assets | 21/28 | €167,247 | €220,991 | +€53,745 | +32.1% |
| Tangible fixed assets | 22/27 | €67,992 | €122,541 | +€54,550 | +80.2% |
| Land and buildings | 22 | €42,322 | €36,462 | -€5,860 | -13.8% |
| Plant, machinery and equipment | 23 | €5,381 | €8,826 | +€3,445 | +64.0% |
| Furniture and vehicles | 24 | €20,288 | €77,253 | +€56,965 | +280.8% |
| Financial fixed assets | 28 | €99,255 | €98,450 | -€805 | -0.8% |
| Current assets | 29/58 | €4,641,379 | €4,646,607 | +€5,229 | +0.1% |
| Stocks and contracts in progress | 3 | €4,532,583 | €4,601,467 | +€68,884 | +1.5% |
| Stocks | 30/36 | €4,532,583 | €4,601,467 | +€68,884 | +1.5% |
| Amounts receivable within one year | 40/41 | €89,214 | €6,694 | -€82,520 | -92.5% |
| Trade receivables | 40 | €89,053 | €6,503 | -€82,550 | -92.7% |
| Other amounts receivable | 41 | €161 | €191 | +€30 | +18.6% |
| Cash at bank and in hand | 54/58 | €19,581 | €38,446 | +€18,865 | +96.3% |
| Total equity and liabilities | 10/49 | €4,808,625 | €4,867,599 | +€58,973 | +1.2% |
| Equity | 10/15 | €2,435,223 | €2,530,606 | +€95,382 | +3.9% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,105,223 | €2,200,606 | +€95,382 | +4.5% |
| Amounts payable | 17/49 | €2,373,402 | €2,336,993 | -€36,409 | -1.5% |
| Amounts payable within one year | 42/48 | €2,246,098 | €2,209,689 | -€36,409 | -1.6% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100.0% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100.0% |
| Trade debts | 44 | €65,188 | €61,203 | -€3,985 | -6.1% |
| Suppliers | 440/4 | €65,188 | €61,203 | -€3,985 | -6.1% |
| Advances received on contracts in progress | 46 | €16,864 | €0 | -€16,864 | -100.0% |
| Taxes, remuneration and social security | 45 | €15,303 | €20,014 | +€4,711 | +30.8% |
| Taxes | 450/3 | €15,082 | €19,794 | +€4,711 | +31.2% |
| Remuneration and social security | 454/9 | €220 | €220 | = | 0.0% |
| Other amounts payable | 47/48 | €2,098,744 | €2,128,472 | +€29,728 | +1.4% |
| Accrued charges and deferred income | 492/3 | €127,303 | €127,303 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €341 | €170 | -€171 | -50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,244 | €33,634 | +€7,390 | +28.2% |
| Other operating charges | 640/8 | €6,611 | €7,840 | +€1,229 | +18.6% |
| Gross operating margin | 9900 | €68,779 | €163,840 | +€95,061 | +138.2% |
| Operating profit (loss) | 9901 | €35,583 | €122,196 | +€86,613 | +243.4% |
| Financial income | 75/76B | €1,620 | €634 | -€986 | -60.8% |
| Recurring financial income | 75 | €1,620 | €634 | -€986 | -60.8% |
| Financial charges | 65/66B | €5,303 | €3,530 | -€1,773 | -33.4% |
| Recurring financial charges | 65 | €5,303 | €3,530 | -€1,773 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €31,901 | €119,300 | +€87,399 | +274.0% |
| Income taxes | 67/77 | €6,917 | €23,918 | +€17,001 | +245.8% |
| Profit (loss) for the period | 9904 | €24,985 | €95,382 | +€70,398 | +281.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,985 | €95,382 | +€70,398 | +281.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.