Soetkin: 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.
Soetkin
Largest movements
- Financial fixed assets +€1.6m
up €1.6m (+283%), from €570,745 to €2.2m
of which Affiliated companies: +€1.6m
- Receivables within one year -€605,468
down €605,468 (-40.4%), from €1.5m to €894,652
of which Other amounts receivable: -€620,832
- Tangible fixed assets -€225,203
down €225,203 (-4.5%), from €5.0m to €4.8m
of which Land and buildings: -€233,119
- Cash -€128,276
down €128,276 (-17.2%), from €746,506 to €618,230
mainly Investment in fixed assets (net) (-€1.7m) and Debts after one year (-€162,910)
- Profit (loss) carried forward +€699,335
up €699,335 (+20.0%), from €3.5m to €4.2m
- Debts within one year +€197,747
up €197,747 (+18.8%), from €1.1m to €1.2m
of which Tax, wage and social debts: +€205,508
- Debts after one year -€162,910
down €162,910 (-14.9%), from €1.1m to €932,158
- Staff costs +€385,463
up €385,463 (+8.4%), from €4.6m to €5.0m
- Turnover +€94,810
up €94,810 (+7.7%), from €1.2m to €1.3m
- Services and other goods +€32,019
up €32,019 (+3.6%), from €896,765 to €928,784
- Other operating income +€14,008
up €14,008 (+12.6%), from €111,130 to €125,138
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 | €7,801,214 | €8,457,267 | +€656,054 | +8.4% |
| Fixed assets | 21/28 | €5,554,588 | €6,944,385 | +€1.4m | +25.0% |
| Tangible fixed assets | 22/27 | €4,983,843 | €4,758,640 | -€225,203 | -4.5% |
| Land and buildings | 22 | €4,884,377 | €4,651,258 | -€233,119 | -4.8% |
| Plant, machinery and equipment | 23 | €50,336 | €66,069 | +€15,733 | +31.3% |
| Furniture and vehicles | 24 | €49,129 | €37,918 | -€11,211 | -22.8% |
| Assets under construction and advance payments | 27 | - | €3,394 | +€3,394 | |
| Financial fixed assets | 28 | €570,745 | €2,185,745 | +€1.6m | +283% |
| Affiliated companies | 280/1 | €560,750 | €2,175,750 | +€1.6m | +288% |
| Participating interests | 280 | €750 | €750 | = | 0.0% |
| Amounts receivable | 281 | €560,000 | €2,175,000 | +€1.6m | +288% |
| Other financial fixed assets | 284/8 | €9,995 | €9,995 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €9,995 | €9,995 | = | 0.0% |
| Current assets | 29/58 | €2,246,625 | €1,512,882 | -€733,743 | -32.7% |
| Amounts receivable within one year | 40/41 | €1,500,119 | €894,652 | -€605,468 | -40.4% |
| Trade receivables | 40 | €148,469 | €163,833 | +€15,364 | +10.3% |
| Other amounts receivable | 41 | €1,351,650 | €730,818 | -€620,832 | -45.9% |
| Cash at bank and in hand | 54/58 | €746,506 | €618,230 | -€128,276 | -17.2% |
| Total equity and liabilities | 10/49 | €7,801,214 | €8,457,267 | +€656,054 | +8.4% |
| Equity | 10/15 | €5,654,783 | €6,276,000 | +€621,217 | +11.0% |
| Contributions | 10/11 | €611,950 | €611,950 | = | 0.0% |
| Capital | 10 | €611,950 | €611,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,487,989 | €4,187,325 | +€699,335 | +20.0% |
| Investment grants | 15 | €1,554,844 | €1,476,725 | -€78,118 | -5.0% |
| Amounts payable | 17/49 | €2,146,430 | €2,181,267 | +€34,837 | +1.6% |
| Amounts payable after more than one year | 17 | €1,095,068 | €932,158 | -€162,910 | -14.9% |
| Financial debts | 170/4 | €1,095,068 | €932,158 | -€162,910 | -14.9% |
| Credit institutions | 173 | €1,095,068 | €932,158 | -€162,910 | -14.9% |
| Amounts payable within one year | 42/48 | €1,051,363 | €1,249,109 | +€197,747 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €160,304 | €162,910 | +€2,606 | +1.6% |
| Trade debts | 44 | €126,136 | €112,403 | -€13,734 | -10.9% |
| Suppliers | 440/4 | €126,136 | €112,403 | -€13,734 | -10.9% |
| Taxes, remuneration and social security | 45 | €689,379 | €894,888 | +€205,508 | +29.8% |
| Taxes | 450/3 | €113,718 | €131,534 | +€17,815 | +15.7% |
| Remuneration and social security | 454/9 | €575,661 | €763,354 | +€187,693 | +32.6% |
| Operating income | 70/76A | €6,676,557 | €7,047,286 | +€370,728 | +5.6% |
| Turnover | 70 | €1,230,726 | €1,325,536 | +€94,810 | +7.7% |
| Membership fees, donations, legacies and grants | 73 | €5,334,701 | €5,590,556 | +€255,855 | +4.8% |
| Other operating income | 74 | €111,130 | €125,138 | +€14,008 | +12.6% |
| Non-recurring operating income | 76A | - | €6,056 | +€6,056 | |
| Operating charges | 60/66A | €5,910,030 | €6,325,278 | +€415,248 | +7.0% |
| Goods for resale, raw materials and consumables | 60 | €112,494 | €104,129 | -€8,366 | -7.4% |
| Purchases | 600/8 | €112,494 | €104,129 | -€8,366 | -7.4% |
| Services and other goods | 61 | €896,765 | €928,784 | +€32,019 | +3.6% |
| Remuneration, social security and pensions | 62 | €4,605,043 | €4,990,506 | +€385,463 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €284,617 | €283,214 | -€1,403 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €191 | +€191 | |
| Other operating charges | 640/8 | €11,111 | €14,955 | +€3,844 | +34.6% |
| Non-recurring operating charges | 66A | - | €3,500 | +€3,500 | |
| Operating profit (loss) | 9901 | €766,527 | €722,007 | -€44,520 | -5.8% |
| Financial income | 75/76B | €182 | €30 | -€152 | -83.7% |
| Recurring financial income | 75 | €182 | €30 | -€152 | -83.7% |
| Other financial income | 752/9 | €182 | €30 | -€152 | -83.7% |
| Financial charges | 65/66B | €24,939 | €22,702 | -€2,237 | -9.0% |
| Recurring financial charges | 65 | €24,939 | €22,702 | -€2,237 | -9.0% |
| Debt charges | 650 | €21,514 | €20,108 | -€1,406 | -6.5% |
| Other financial charges | 652/9 | €3,426 | €2,594 | -€832 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €741,770 | €699,335 | -€42,435 | -5.7% |
| Profit (loss) for the period | 9904 | €741,770 | €699,335 | -€42,435 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €741,770 | €699,335 | -€42,435 | -5.7% |
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 15 October 2026 via checked.be.