SOINEL: 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.
SOINEL
Largest movements
- Tangible fixed assets -€36,543
down €36,543 (-10.4%), from €351,082 to €314,539
of which Land and buildings: -€35,126
- Cash +€20,252
up €20,252 (+44.0%), from €46,060 to €66,312
mainly Depreciation (+€36,543) and Net result for the year (+€13,896)
- Debts after one year -€30,643
down €30,643 (-8.4%), from €364,088 to €333,445
- Profit (loss) carried forward +€13,896
up €13,896 (+65.8%), from -€21,133 to -€7,237
- Gross operating margin +€672
up €672 (+1.2%), from €57,874 to €58,546
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 | €397,142 | €380,851 | -€16,291 | -4.1% |
| Fixed assets | 21/28 | €351,082 | €314,539 | -€36,543 | -10.4% |
| Tangible fixed assets | 22/27 | €351,082 | €314,539 | -€36,543 | -10.4% |
| Land and buildings | 22 | €348,860 | €313,734 | -€35,126 | -10.1% |
| Plant, machinery and equipment | 23 | €2,222 | €805 | -€1,417 | -63.8% |
| Current assets | 29/58 | €46,060 | €66,312 | +€20,252 | +44.0% |
| Cash at bank and in hand | 54/58 | €46,060 | €66,312 | +€20,252 | +44.0% |
| Total equity and liabilities | 10/49 | €397,142 | €380,851 | -€16,291 | -4.1% |
| Equity | 10/15 | -€133 | €13,763 | +€13,896 | |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,133 | -€7,237 | +€13,896 | +65.8% |
| Amounts payable | 17/49 | €397,275 | €367,088 | -€30,187 | -7.6% |
| Amounts payable after more than one year | 17 | €364,088 | €333,445 | -€30,643 | -8.4% |
| Financial debts | 170/4 | €364,088 | €333,445 | -€30,643 | -8.4% |
| Amounts payable within one year | 42/48 | €33,187 | €33,643 | +€456 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €30,187 | €30,643 | +€456 | +1.5% |
| Other amounts payable | 47/48 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,742 | €36,543 | -€199 | -0.5% |
| Other operating charges | 640/8 | €1,884 | €1,943 | +€59 | +3.1% |
| Gross operating margin | 9900 | €57,874 | €58,546 | +€672 | +1.2% |
| Operating profit (loss) | 9901 | €19,248 | €20,060 | +€812 | +4.2% |
| Financial charges | 65/66B | €6,423 | €6,164 | -€259 | -4.0% |
| Recurring financial charges | 65 | €6,423 | €6,164 | -€259 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €12,825 | €13,896 | +€1,071 | +8.4% |
| Profit (loss) for the period | 9904 | €12,825 | €13,896 | +€1,071 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,825 | €13,896 | +€1,071 | +8.4% |
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 30 September 2026 via checked.be.