Soevan: 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.
What changed
Soevan
NACE 01.610, Support activities for crop production
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€120
2024 · -€7,687+€7,806
Equity
€508,405
2024 · €508,285+€120
Cash
€114,013
2024 · €77,032+€36,981
Balance sheet total
€2.0m
2024 · €2.1m-€181,173
Largest movements
Assets
- Tangible fixed assets -€207,857
down €207,857 (-11.1%), from €1.9m to €1.7m
of which Plant, machinery and equipment: -€144,787
- Cash +€36,981
up €36,981 (+48.0%), from €77,032 to €114,013
mainly Depreciation (+€337,832) and Deferred charges and accrued income (+€14,928)
Equity and liabilities
- Debts after one year -€148,292
down €148,292 (-14.0%), from €1.1m to €911,894
- Current portion of long-term debt -€31,347
down €31,347 (-9.9%), from €316,721 to €285,374
Income statement
- Gross operating margin +€63,387
up €63,387 (+14.3%), from €443,943 to €507,330
- Depreciation +€18,015
up €18,015 (+5.6%), from €319,817 to €337,832
- Staff costs +€17,526
up €17,526 (+16.4%), from €107,107 to €124,632
- Taxes +€12,030
up €12,030 (+133.6%), from €9,001 to €21,031
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.
Result 2024
-€7,687
Gross operating margin
+€63,387
Staff costs
-€17,526
Depreciation
-€18,015
Other operating charges
-€3,048
Financial income
-€1,122
Financial charges
-€3,841
Taxes
-€12,030
Result 2025
€120
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.
From operations
+€346,595
Investment
-€129,975
Financing
-€179,638
Cash 2024
€77,032
From operations (derived)
+€346,595
Net result for the year
+€120
Depreciation
+€337,832
Stocks and contracts
-€11,737
Receivables within one year
+€7,106
Deferred charges and accrued income
+€14,928
Provisions
-€11,544
Trade debts
+€4,606
Tax, wage and social debts
+€8,122
Other debts
-€6,454
Accrued charges and deferred income
+€3,615
Investment (derived)
-€129,975
Investment in fixed assets (net)
-€129,975
Financing
-€179,638
Debts after one year
-€148,292
Current portion of long-term debt
-€31,347
Contributions, distributions and other
+€0
Cash 2025
€114,013
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,135,952 | €1,954,779 | -€181,173 | -8.5% |
| Fixed assets | 21/28 | €1,879,871 | €1,672,014 | -€207,857 | -11.1% |
| Tangible fixed assets | 22/27 | €1,879,486 | €1,671,629 | -€207,857 | -11.1% |
| Land and buildings | 22 | €954,251 | €914,868 | -€39,383 | -4.1% |
| Plant, machinery and equipment | 23 | €621,370 | €476,583 | -€144,787 | -23.3% |
| Furniture and vehicles | 24 | €303,866 | €280,178 | -€23,687 | -7.8% |
| Financial fixed assets | 28 | €385 | €385 | = | 0.0% |
| Current assets | 29/58 | €256,081 | €282,765 | +€26,684 | +10.4% |
| Stocks and contracts in progress | 3 | €25,580 | €37,317 | +€11,737 | +45.9% |
| Stocks | 30/36 | €15,530 | €6,282 | -€9,248 | -59.5% |
| Contracts in progress | 37 | €10,050 | €31,035 | +€20,985 | +208.8% |
| Amounts receivable within one year | 40/41 | €108,947 | €101,841 | -€7,106 | -6.5% |
| Trade receivables | 40 | €102,764 | €87,046 | -€15,718 | -15.3% |
| Other amounts receivable | 41 | €6,182 | €14,794 | +€8,612 | +139.3% |
| Cash at bank and in hand | 54/58 | €77,032 | €114,013 | +€36,981 | +48.0% |
| Deferred charges and accrued income | 490/1 | €44,522 | €29,594 | -€14,928 | -33.5% |
| Total equity and liabilities | 10/49 | €2,135,952 | €1,954,779 | -€181,173 | -8.5% |
| Equity | 10/15 | €508,285 | €508,405 | +€120 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €489,544 | €489,664 | +€120 | 0.0% |
| Tax-exempt reserves | 132 | €80,605 | €39,661 | -€40,944 | -50.8% |
| Distributable reserves | 133 | €408,939 | €450,003 | +€41,064 | +10.0% |
| Profit (loss) carried forward | 14 | €141 | €141 | = | 0.0% |
| Provisions and deferred taxes | 16 | €21,460 | €9,915 | -€11,544 | -53.8% |
| Deferred taxes | 168 | €21,460 | €9,915 | -€11,544 | -53.8% |
| Amounts payable | 17/49 | €1,606,207 | €1,436,459 | -€169,748 | -10.6% |
| Amounts payable after more than one year | 17 | €1,060,186 | €911,894 | -€148,292 | -14.0% |
| Financial debts | 170/4 | €1,060,186 | €911,894 | -€148,292 | -14.0% |
| Amounts payable within one year | 42/48 | €546,022 | €520,950 | -€25,072 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €316,721 | €285,374 | -€31,347 | -9.9% |
| Trade debts | 44 | €150,697 | €155,303 | +€4,606 | +3.1% |
| Suppliers | 440/4 | €150,697 | €155,303 | +€4,606 | +3.1% |
| Taxes, remuneration and social security | 45 | €10,257 | €18,379 | +€8,122 | +79.2% |
| Taxes | 450/3 | €3,849 | €10,973 | +€7,124 | +185.1% |
| Remuneration and social security | 454/9 | €6,407 | €7,405 | +€998 | +15.6% |
| Other amounts payable | 47/48 | €68,347 | €61,893 | -€6,454 | -9.4% |
| Accrued charges and deferred income | 492/3 | - | €3,615 | +€3,615 | |
| Non-recurring operating income | 76A | €10,500 | - | -€10,500 | |
| Remuneration, social security and pensions | 62 | €107,107 | €124,632 | +€17,526 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €319,817 | €337,832 | +€18,015 | +5.6% |
| Other operating charges | 640/8 | €2,540 | €5,588 | +€3,048 | +120.0% |
| Gross operating margin | 9900 | €443,943 | €507,330 | +€63,387 | +14.3% |
| Operating profit (loss) | 9901 | €14,478 | €39,277 | +€24,799 | +171.3% |
| Financial income | 75/76B | €1,916 | €795 | -€1,122 | -58.5% |
| Recurring financial income | 75 | €1,916 | €795 | -€1,122 | -58.5% |
| Financial charges | 65/66B | €26,625 | €30,466 | +€3,841 | +14.4% |
| Recurring financial charges | 65 | €26,625 | €30,466 | +€3,841 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,230 | €9,606 | +€19,836 | |
| Transfer from deferred taxes | 780 | €11,544 | €11,544 | -€0 | 0.0% |
| Income taxes | 67/77 | €9,001 | €21,031 | +€12,030 | +133.6% |
| Profit (loss) for the period | 9904 | -€7,687 | €120 | +€7,806 | |
| Transfer from tax-exempt reserves | 789 | €40,944 | €40,944 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,257 | €41,064 | +€7,806 | +23.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.