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
- Tangible fixed assets +€41,853
up €41,853 (+3.2%), from €1.3m to €1.4m
- Profit (loss) carried forward +€39,544
up €39,544, from -€39,544 to €0
- Other debts +€30,565
up €30,565 (+3.5%), from €875,569 to €906,134
- Debts after one year -€29,705
down €29,705 (-23.5%), from €126,219 to €96,514
- Gross operating margin +€77,348
up €77,348 (+107.1%), from €72,231 to €149,579
- Other operating charges +€27,454
up €27,454 (+1135.4%), from €2,418 to €29,872
- Depreciation +€3,510
up €3,510 (+5.9%), from €59,865 to €63,375
- Financial charges +€1,760
up €1,760 (+30.6%), from €5,745 to €7,505
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 | €1,310,364 | €1,355,404 | +€45,040 | +3.4% |
| Fixed assets | 21/28 | €1,310,169 | €1,352,022 | +€41,853 | +3.2% |
| Tangible fixed assets | 22/27 | €1,310,169 | €1,352,022 | +€41,853 | +3.2% |
| Land and buildings | 22 | €1,310,169 | €1,352,022 | +€41,853 | +3.2% |
| Current assets | 29/58 | €195 | €3,382 | +€3,187 | +1634.5% |
| Cash at bank and in hand | 54/58 | €195 | €3,382 | +€3,187 | +1634.5% |
| Total equity and liabilities | 10/49 | €1,310,364 | €1,355,404 | +€45,040 | +3.4% |
| Equity | 10/15 | €241,286 | €290,731 | +€49,445 | +20.5% |
| Contributions | 10/11 | €251,116 | €251,116 | +€0 | 0.0% |
| Capital | 10 | €251,116 | €251,116 | +€0 | 0.0% |
| Issued capital | 100 | €251,116 | €251,116 | +€0 | 0.0% |
| Reserves | 13 | €29,714 | €39,615 | +€9,901 | +33.3% |
| Non-distributable reserves | 130/1 | - | €11,759 | +€11,759 | |
| Legal reserve | 130 | - | €11,759 | +€11,759 | |
| Tax-exempt reserves | 132 | €29,714 | €27,856 | -€1,858 | -6.3% |
| Profit (loss) carried forward | 14 | -€39,544 | €0 | +€39,544 | |
| Provisions and deferred taxes | 16 | €9,905 | €9,285 | -€620 | -6.3% |
| Deferred taxes | 168 | €9,905 | €9,285 | -€620 | -6.3% |
| Amounts payable | 17/49 | €1,059,173 | €1,055,387 | -€3,786 | -0.4% |
| Amounts payable after more than one year | 17 | €126,219 | €96,514 | -€29,705 | -23.5% |
| Financial debts | 170/4 | €126,219 | €96,514 | -€29,705 | -23.5% |
| Amounts payable within one year | 42/48 | €927,569 | €958,873 | +€31,304 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €52,000 | €49,996 | -€2,004 | -3.9% |
| Trade debts | 44 | - | €2,742 | +€2,742 | |
| Suppliers | 440/4 | - | €2,742 | +€2,742 | |
| Other amounts payable | 47/48 | €875,569 | €906,134 | +€30,565 | +3.5% |
| Accrued charges and deferred income | 492/3 | €5,385 | €0 | -€5,385 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,865 | €63,375 | +€3,510 | +5.9% |
| Other operating charges | 640/8 | €2,418 | €29,872 | +€27,454 | +1135.4% |
| Gross operating margin | 9900 | €72,231 | €149,579 | +€77,348 | +107.1% |
| Operating profit (loss) | 9901 | €9,948 | €56,331 | +€46,383 | +466.3% |
| Financial charges | 65/66B | €5,745 | €7,505 | +€1,760 | +30.6% |
| Recurring financial charges | 65 | €5,745 | €7,505 | +€1,760 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | €4,203 | €48,826 | +€44,623 | +1061.7% |
| Transfer from deferred taxes | 780 | €618 | €619 | +€1 | +0.2% |
| Profit (loss) for the period | 9904 | €4,821 | €49,445 | +€44,624 | +925.6% |
| Transfer from tax-exempt reserves | 789 | €1,857 | €1,857 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,678 | €51,302 | +€44,624 | +668.2% |
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 10 October 2026 via checked.be.