SOETRIS: 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.
SOETRIS
Largest movements
- Current investments +€830,000
new in 2025: €830,000
- Receivables after one year +€286,670
new in 2025: €286,670
- Financial fixed assets -€190,000
down €190,000 (-85.3%), from €222,850 to €32,850
- Cash -€156,300
down €156,300 (-67.8%), from €230,554 to €74,254
mainly Current investments (-€830,000) and Receivables after one year (-€286,670)
- Tangible fixed assets +€124,386
up €124,386 (+13.6%), from €912,663 to €1.0m
of which Furniture and vehicles: +€134,317
- Reserves +€904,451
up €904,451 (+106.9%), from €845,783 to €1.8m
of which Distributable reserves: +€910,245
- Other debts -€150,833
down €150,833 (-100.0%), from €150,833 to €0
- Tax, wage and social debts +€89,926
up €89,926 (+84.3%), from €106,647 to €196,574
of which Taxes: +€85,426
- Debts after one year -€32,586
down €32,586 (-7.5%), from €436,529 to €403,943
- Financial income +€752,687
up €752,687 (+1032.6%), from €72,894 to €825,581
of which Non-recurring financial income: +€715,469
- Taxes +€110,970
up €110,970 (+225.3%), from €49,262 to €160,232
- Gross operating margin +€108,552
up €108,552 (+50.4%), from €215,550 to €324,102
- Other operating charges -€18,716
down €18,716 (-80.2%), from €23,345 to €4,629
- Depreciation +€12,174
up €12,174 (+29.2%), from €41,738 to €53,911
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 | €1,652,239 | €2,473,955 | +€821,715 | +49.7% |
| Fixed assets | 21/28 | €1,135,513 | €1,069,899 | -€65,614 | -5.8% |
| Tangible fixed assets | 22/27 | €912,663 | €1,037,049 | +€124,386 | +13.6% |
| Land and buildings | 22 | €810,721 | €786,501 | -€24,220 | -3.0% |
| Plant, machinery and equipment | 23 | €99,197 | €113,487 | +€14,290 | +14.4% |
| Furniture and vehicles | 24 | €2,745 | €137,062 | +€134,317 | +4893.3% |
| Financial fixed assets | 28 | €222,850 | €32,850 | -€190,000 | -85.3% |
| Current assets | 29/58 | €516,727 | €1,404,055 | +€887,329 | +171.7% |
| Amounts receivable after more than one year | 29 | - | €286,670 | +€286,670 | |
| Other amounts receivable | 291 | - | €286,670 | +€286,670 | |
| Amounts receivable within one year | 40/41 | €282,537 | €207,129 | -€75,408 | -26.7% |
| Trade receivables | 40 | €0 | €6,648 | +€6,648 | |
| Other amounts receivable | 41 | €282,537 | €200,481 | -€82,056 | -29.0% |
| Current investments | 50/53 | - | €830,000 | +€830,000 | |
| Cash at bank and in hand | 54/58 | €230,554 | €74,254 | -€156,300 | -67.8% |
| Deferred charges and accrued income | 490/1 | €3,635 | €6,002 | +€2,367 | +65.1% |
| Total equity and liabilities | 10/49 | €1,652,239 | €2,473,955 | +€821,715 | +49.7% |
| Equity | 10/15 | €875,783 | €1,780,234 | +€904,451 | +103.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €845,783 | €1,750,234 | +€904,451 | +106.9% |
| Tax-exempt reserves | 132 | €131,856 | €126,063 | -€5,794 | -4.4% |
| Distributable reserves | 133 | €713,927 | €1,624,172 | +€910,245 | +127.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €43,952 | €42,021 | -€1,931 | -4.4% |
| Deferred taxes | 168 | €43,952 | €42,021 | -€1,931 | -4.4% |
| Amounts payable | 17/49 | €732,504 | €651,699 | -€80,805 | -11.0% |
| Amounts payable after more than one year | 17 | €436,529 | €403,943 | -€32,586 | -7.5% |
| Financial debts | 170/4 | €436,529 | €403,943 | -€32,586 | -7.5% |
| Amounts payable within one year | 42/48 | €295,975 | €247,756 | -€48,218 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €31,865 | €32,586 | +€721 | +2.3% |
| Trade debts | 44 | €6,630 | €18,596 | +€11,967 | +180.5% |
| Suppliers | 440/4 | €6,630 | €18,596 | +€11,967 | +180.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €106,647 | €196,574 | +€89,926 | +84.3% |
| Taxes | 450/3 | €106,647 | €192,074 | +€85,426 | +80.1% |
| Remuneration and social security | 454/9 | - | €4,500 | +€4,500 | |
| Other amounts payable | 47/48 | €150,833 | €0 | -€150,833 | -100.0% |
| Non-recurring operating income | 76A | €18,092 | €0 | -€18,092 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,738 | €53,911 | +€12,174 | +29.2% |
| Other operating charges | 640/8 | €23,345 | €4,629 | -€18,716 | -80.2% |
| Non-recurring operating charges | 66A | €0 | €13,951 | +€13,951 | |
| Gross operating margin | 9900 | €215,550 | €324,102 | +€108,552 | +50.4% |
| Operating profit (loss) | 9901 | €150,467 | €251,611 | +€101,144 | +67.2% |
| Financial income | 75/76B | €72,894 | €825,581 | +€752,687 | +1032.6% |
| Recurring financial income | 75 | €72,894 | €110,112 | +€37,218 | +51.1% |
| Non-recurring financial income | 76B | - | €715,469 | +€715,469 | |
| Financial charges | 65/66B | €16,892 | €14,440 | -€2,452 | -14.5% |
| Recurring financial charges | 65 | €16,892 | €14,440 | -€2,452 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €206,469 | €1,062,752 | +€856,283 | +414.7% |
| Transfer from deferred taxes | 780 | €1,931 | €1,931 | = | 0.0% |
| Income taxes | 67/77 | €49,262 | €160,232 | +€110,970 | +225.3% |
| Profit (loss) for the period | 9904 | €159,138 | €904,451 | +€745,313 | +468.3% |
| Transfer from tax-exempt reserves | 789 | €5,794 | €5,794 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €164,932 | €910,245 | +€745,313 | +451.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.