Soinsped: 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.
Soinsped
Largest movements
- Receivables after one year -€318,435
down €318,435 (-42.4%), from €751,086 to €432,652
- Current investments +€150,000
new in 2025: €150,000
- Cash -€51,670
down €51,670 (-48.1%), from €107,415 to €55,745
mainly Other debts (-€222,383) and Current investments (-€150,000)
- Tangible fixed assets +€43,746
up €43,746 (+396.2%), from €11,040 to €54,786
of which Furniture and vehicles: +€46,305
- Receivables within one year +€10,055
up €10,055 (+263.9%), from €3,810 to €13,865
of which Other amounts receivable: +€13,261
- Other debts -€222,383
no longer reported in 2025 (was €222,383)
- Reserves +€55,769
up €55,769 (+8.5%), from €654,533 to €710,302
of which Distributable reserves: +€57,629
- Tax, wage and social debts -€9,237
no longer reported in 2025 (was €9,237)
- Depreciation +€16,890
up €16,890 (+502.0%), from €3,364 to €20,254
- Gross operating margin -€15,930
down €15,930 (-15.7%), from €101,401 to €85,471
- Taxes -€10,819
down €10,819 (-33.8%), from €32,038 to €21,218
- Financial income -€4,249
down €4,249 (-25.9%), from €16,417 to €12,168
- Staff costs -€2,018
no longer reported in 2025 (was €2,018)
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 | €904,875 | €729,079 | -€175,797 | -19.4% |
| Fixed assets | 21/28 | €11,123 | €54,869 | +€43,746 | +393.3% |
| Tangible fixed assets | 22/27 | €11,040 | €54,786 | +€43,746 | +396.2% |
| Furniture and vehicles | 24 | €2,711 | €49,015 | +€46,305 | +1708.2% |
| Other tangible fixed assets | 26 | €8,330 | €5,771 | -€2,559 | -30.7% |
| Financial fixed assets | 28 | €83 | €83 | = | 0.0% |
| Current assets | 29/58 | €893,752 | €674,210 | -€219,542 | -24.6% |
| Amounts receivable after more than one year | 29 | €751,086 | €432,652 | -€318,435 | -42.4% |
| Trade receivables | 290 | €751,086 | €432,652 | -€318,435 | -42.4% |
| Amounts receivable within one year | 40/41 | €3,810 | €13,865 | +€10,055 | +263.9% |
| Trade receivables | 40 | €3,206 | - | -€3,206 | |
| Other amounts receivable | 41 | €604 | €13,865 | +€13,261 | +2196.2% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €107,415 | €55,745 | -€51,670 | -48.1% |
| Deferred charges and accrued income | 490/1 | €31,441 | €21,948 | -€9,493 | -30.2% |
| Total equity and liabilities | 10/49 | €904,875 | €729,079 | -€175,797 | -19.4% |
| Equity | 10/15 | €660,733 | €716,502 | +€55,769 | +8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €654,533 | €710,302 | +€55,769 | +8.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €633,923 | €691,552 | +€57,629 | +9.1% |
| Amounts payable | 17/49 | €244,142 | €12,577 | -€231,565 | -94.8% |
| Amounts payable after more than one year | 17 | €12,523 | €12,523 | = | 0.0% |
| Other amounts payable | 178/9 | €12,523 | €12,523 | = | 0.0% |
| Amounts payable within one year | 42/48 | €231,619 | €54 | -€231,565 | -100.0% |
| Trade debts | 44 | - | €54 | +€54 | |
| Suppliers | 440/4 | - | €54 | +€54 | |
| Taxes, remuneration and social security | 45 | €9,237 | - | -€9,237 | |
| Taxes | 450/3 | €9,237 | - | -€9,237 | |
| Other amounts payable | 47/48 | €222,383 | - | -€222,383 | |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | €2,018 | - | -€2,018 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,364 | €20,254 | +€16,890 | +502.0% |
| Other operating charges | 640/8 | €511 | €344 | -€167 | -32.7% |
| Gross operating margin | 9900 | €101,401 | €85,471 | -€15,930 | -15.7% |
| Operating profit (loss) | 9901 | €95,507 | €64,872 | -€30,635 | -32.1% |
| Financial income | 75/76B | €16,417 | €12,168 | -€4,249 | -25.9% |
| Recurring financial income | 75 | €16,417 | €12,168 | -€4,249 | -25.9% |
| Financial charges | 65/66B | €229 | €54 | -€176 | -76.7% |
| Recurring financial charges | 65 | €229 | €54 | -€176 | -76.7% |
| Profit (loss) for the period before taxes | 9903 | €111,695 | €76,987 | -€34,708 | -31.1% |
| Income taxes | 67/77 | €32,038 | €21,218 | -€10,819 | -33.8% |
| Profit (loss) for the period | 9904 | €79,657 | €55,769 | -€23,888 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,657 | €55,769 | -€23,888 | -30.0% |
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 12 October 2026 via checked.be.