SOUDANT TACK: 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.
SOUDANT TACK
Largest movements
- Tangible fixed assets +€34,444
up €34,444 (+1,436%), from €2,398 to €36,842
of which Furniture and vehicles: +€34,836
- Receivables within one year -€16,546
down €16,546 (-15.1%), from €109,725 to €93,179
of which Trade receivables: -€26,365
- Cash -€2,182
down €2,182 (-14.0%), from €15,544 to €13,361
mainly Investment in fixed assets (net) (-€41,308) and Net result for the year (-€9,642)
- Debts after one year +€20,090
new in 2025: €20,090
- Profit (loss) carried forward -€9,642
down €9,642 (-8.3%), from €115,903 to €106,261
- Current portion of long-term debt +€5,737
new in 2025: €5,737
- Tax, wage and social debts +€2,318
new in 2025: €2,318
- Trade debts -€2,064
down €2,064 (-58.9%), from €3,503 to €1,439
- Gross operating margin -€34,700
down €34,700 (-73.9%), from €46,976 to €12,277
- Taxes +€15,371
up €15,371 (+5,195%), from €296 to €15,667
- Depreciation +€6,472
up €6,472 (+1,651%), from €392 to €6,863
- Financial income +€945
up €945 (+45.8%), from €2,063 to €3,008
- Financial charges +€771
up €771 (+194%), from €397 to €1,168
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.
Derived cash bridge
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 | €127,667 | €144,106 | +€16,439 | +12.9% |
| Fixed assets | 21/28 | €2,398 | €36,842 | +€34,444 | +1,436% |
| Tangible fixed assets | 22/27 | €2,398 | €36,842 | +€34,444 | +1,436% |
| Plant, machinery and equipment | 23 | €2,398 | €2,006 | -€392 | -16.3% |
| Furniture and vehicles | 24 | - | €34,836 | +€34,836 | |
| Current assets | 29/58 | €125,269 | €107,264 | -€18,005 | -14.4% |
| Amounts receivable within one year | 40/41 | €109,725 | €93,179 | -€16,546 | -15.1% |
| Trade receivables | 40 | €59,392 | €33,027 | -€26,365 | -44.4% |
| Other amounts receivable | 41 | €50,333 | €60,152 | +€9,819 | +19.5% |
| Cash at bank and in hand | 54/58 | €15,544 | €13,361 | -€2,182 | -14.0% |
| Deferred charges and accrued income | 490/1 | - | €723 | +€723 | |
| Total equity and liabilities | 10/49 | €127,667 | €144,106 | +€16,439 | +12.9% |
| Equity | 10/15 | €124,163 | €114,521 | -€9,642 | -7.8% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Contributions outside capital | 11 | €6,400 | - | -€6,400 | |
| Share premium | 1100/10 | €6,400 | - | -€6,400 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €115,903 | €106,261 | -€9,642 | -8.3% |
| Amounts payable | 17/49 | €3,503 | €29,585 | +€26,081 | +744% |
| Amounts payable after more than one year | 17 | - | €20,090 | +€20,090 | |
| Financial debts | 170/4 | - | €20,090 | +€20,090 | |
| Amounts payable within one year | 42/48 | €3,503 | €9,494 | +€5,991 | +171% |
| Current portion of amounts payable after more than one year | 42 | - | €5,737 | +€5,737 | |
| Trade debts | 44 | €3,503 | €1,439 | -€2,064 | -58.9% |
| Suppliers | 440/4 | €3,503 | €1,439 | -€2,064 | -58.9% |
| Taxes, remuneration and social security | 45 | - | €2,318 | +€2,318 | |
| Taxes | 450/3 | - | €2,318 | +€2,318 | |
| Remuneration, social security and pensions | 62 | €299 | - | -€299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €392 | €6,863 | +€6,472 | +1,651% |
| Other operating charges | 640/8 | €1,411 | €1,228 | -€183 | -12.9% |
| Gross operating margin | 9900 | €46,976 | €12,277 | -€34,700 | -73.9% |
| Operating profit (loss) | 9901 | €44,875 | €4,185 | -€40,690 | -90.7% |
| Financial income | 75/76B | €2,063 | €3,008 | +€945 | +45.8% |
| Recurring financial income | 75 | €2,063 | €3,008 | +€945 | +45.8% |
| Financial charges | 65/66B | €397 | €1,168 | +€771 | +194% |
| Recurring financial charges | 65 | €397 | €1,168 | +€771 | +194% |
| Profit (loss) for the period before taxes | 9903 | €46,541 | €6,025 | -€40,516 | -87.1% |
| Income taxes | 67/77 | €296 | €15,667 | +€15,371 | +5,195% |
| Profit (loss) for the period | 9904 | €46,245 | -€9,642 | -€55,887 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,245 | -€9,642 | -€55,887 |
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 14 October 2026 via checked.be.