Soetewey: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Soetewey
Largest movements
- Current investments +€245,000
new in 2025: €245,000
- Cash -€221,199
down €221,199 (-98.6%), from €224,338 to €3,138
mainly Current investments (-€245,000) and Contributions, distributions and other (-€157,000)
- Tangible fixed assets -€13,653
down €13,653 (-11.4%), from €119,910 to €106,256
of which Furniture and vehicles: -€9,136
- Other debts +€151,512
up €151,512 (+1,798%), from €8,425 to €159,937
- Profit (loss) carried forward -€95,004
down €95,004 (-98.7%), from €96,259 to €1,254
- Debts after one year -€75,000
down €75,000 (-34.9%), from €215,000 to €140,000
of which Trade debts: -€75,000
- Tax, wage and social debts +€21,363
up €21,363 (+81.5%), from €26,211 to €47,574
- Accrued charges and deferred income +€10,287
new in 2025: €10,287
- Gross operating margin +€26,264
up €26,264 (+26.8%), from €97,880 to €124,143
- Taxes +€19,727
up €19,727 (+132%), from €14,978 to €34,705
- Depreciation +€4,021
up €4,021 (+28.1%), from €14,305 to €18,326
- Financial income +€1,846
new in 2025: €1,846
- Financial charges -€1,561
down €1,561 (-13.0%), from €12,033 to €10,472
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €360,149 | €372,734 | +€12,586 | +3.5% |
| Fixed assets | 21/28 | €119,910 | €107,256 | -€12,653 | -10.6% |
| Tangible fixed assets | 22/27 | €119,910 | €106,256 | -€13,653 | -11.4% |
| Land and buildings | 22 | €47,233 | €44,733 | -€2,500 | -5.3% |
| Plant, machinery and equipment | 23 | €44,805 | €42,788 | -€2,018 | -4.5% |
| Furniture and vehicles | 24 | €27,871 | €18,736 | -€9,136 | -32.8% |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €240,239 | €265,478 | +€25,239 | +10.5% |
| Amounts receivable within one year | 40/41 | €15,901 | €16,707 | +€806 | +5.1% |
| Trade receivables | 40 | €15,901 | €16,707 | +€806 | +5.1% |
| Current investments | 50/53 | - | €245,000 | +€245,000 | |
| Cash at bank and in hand | 54/58 | €224,338 | €3,138 | -€221,199 | -98.6% |
| Deferred charges and accrued income | 490/1 | - | €632 | +€632 | |
| Total equity and liabilities | 10/49 | €360,149 | €372,734 | +€12,586 | +3.5% |
| Equity | 10/15 | €98,259 | €3,254 | -€95,004 | -96.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,259 | €1,254 | -€95,004 | -98.7% |
| Amounts payable | 17/49 | €261,890 | €369,480 | +€107,590 | +41.1% |
| Amounts payable after more than one year | 17 | €215,000 | €140,000 | -€75,000 | -34.9% |
| Financial debts | 170/4 | €140,000 | €140,000 | = | 0.0% |
| Trade debts | 175 | €75,000 | - | -€75,000 | |
| Amounts payable within one year | 42/48 | €46,890 | €219,193 | +€172,303 | +367% |
| Trade debts | 44 | €12,254 | €11,682 | -€572 | -4.7% |
| Suppliers | 440/4 | €12,254 | €11,682 | -€572 | -4.7% |
| Taxes, remuneration and social security | 45 | €26,211 | €47,574 | +€21,363 | +81.5% |
| Taxes | 450/3 | €26,211 | €47,574 | +€21,363 | +81.5% |
| Other amounts payable | 47/48 | €8,425 | €159,937 | +€151,512 | +1,798% |
| Accrued charges and deferred income | 492/3 | - | €10,287 | +€10,287 | |
| Remuneration, social security and pensions | 62 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,305 | €18,326 | +€4,021 | +28.1% |
| Other operating charges | 640/8 | €301 | €240 | -€61 | -20.2% |
| Gross operating margin | 9900 | €97,880 | €124,143 | +€26,264 | +26.8% |
| Operating profit (loss) | 9901 | €83,274 | €105,327 | +€22,053 | +26.5% |
| Financial income | 75/76B | - | €1,846 | +€1,846 | |
| Recurring financial income | 75 | - | €1,846 | +€1,846 | |
| Financial charges | 65/66B | €12,033 | €10,472 | -€1,561 | -13.0% |
| Recurring financial charges | 65 | €12,033 | €10,472 | -€1,561 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €71,241 | €96,701 | +€25,459 | +35.7% |
| Income taxes | 67/77 | €14,978 | €34,705 | +€19,727 | +132% |
| Profit (loss) for the period | 9904 | €56,263 | €61,996 | +€5,732 | +10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,263 | €61,996 | +€5,732 | +10.2% |
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 1 November 2026 via checked.be.