SOULCO: what changed
What changed
SOULCO
NACE 82.990, Other business support services
filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €2.4m-€737,449
Equity
€3.5m
2024 · €1.8m+€1.7m
Cash
€2.2m
2024 · €1.8m+€409,968
Balance sheet total
€11.1m
2024 · €8.2m+€2.8m
Largest movements
Assets
- Receivables within one year +€6.0m
up €6.0m (+378%), from €1.6m to €7.6m
of which Trade receivables: +€5.8m
- Current investments -€3.7m
no longer reported in 2025 (was €3.7m)
- Cash +€409,968
up €409,968 (+23.0%), from €1.8m to €2.2m
mainly Current investments (+€3.7m) and Net result for the year (+€1.7m)
- Stocks and contracts +€140,419
up €140,419 (+191%), from €73,414 to €213,833
Equity and liabilities
- Reserves +€1.7m
up €1.7m (+1,667%), from €100,981 to €1.8m
of which Distributable reserves: +€1.7m
- Other debts -€1.5m
down €1.5m (-64.6%), from €2.4m to €842,976
- Advances received +€1.5m
up €1.5m (+40.0%), from €3.7m to €5.2m
- Trade debts +€884,518
up €884,518 (+292%), from €303,119 to €1.2m
- Tax, wage and social debts +€303,012
new in 2025: €303,012
Income statement
- Turnover -€2.3m
down €2.3m (-84.6%), from €2.8m to €427,640
- Goods and materials -€2.0m
down €2.0m (-40.6%), from €4.9m to €2.9m
- Financial income -€367,058
down €367,058 (-38.7%), from €947,379 to €580,321
- Services and other goods -€244,144
down €244,144 (-22.0%), from €1.1m to €865,185
- Taxes -€69,723
down €69,723 (-13.1%), from €531,134 to €461,412
of which Taxes: -€101,294
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2.4m
Turnover
-€2.3m
Other operating income
-€29,186
Goods and materials
+€2.0m
Services and other goods
+€244,144
Depreciation
+€184
Write-downs
-€68,730
Other operating charges
-€7
Other operating items
-€253,614
Financial income
-€367,058
Financial charges
+€35,287
Taxes
+€69,723
Result 2025
€1.7m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€3.3m
Investment
+€3.7m
Financing
€0
Cash 2024
€1.8m
From operations (derived)
-€3.3m
Net result for the year
+€1.7m
Stocks and contracts
-€140,419
Receivables within one year
-€6.0m
Smaller working-capital items
-€5,057
Trade debts
+€884,518
Tax, wage and social debts
+€303,012
Advances received
+€1.5m
Other debts
-€1.5m
Investment (derived)
+€3.7m
Current investments
+€3.7m
Cash 2025
€2.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,248,103 | €11,074,778 | +€2.8m | +34.3% |
| Fixed assets | 21/28 | €1,103,320 | €1,103,320 | = | 0.0% |
| Financial fixed assets | 28 | €1,103,320 | €1,103,320 | = | 0.0% |
| Affiliated companies | 280/1 | €1,082,247 | €1,082,247 | = | 0.0% |
| Participating interests | 280 | €962,247 | €962,247 | = | 0.0% |
| Amounts receivable | 281 | €120,000 | €120,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €21,073 | €21,073 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €21,073 | €21,073 | = | 0.0% |
| Current assets | 29/58 | €7,144,783 | €9,971,458 | +€2.8m | +39.6% |
| Stocks and contracts in progress | 3 | €73,414 | €213,833 | +€140,419 | +191% |
| Contracts in progress | 37 | €73,414 | €213,833 | +€140,419 | +191% |
| Amounts receivable within one year | 40/41 | €1,581,800 | €7,557,875 | +€6.0m | +378% |
| Trade receivables | 40 | €1,523,425 | €7,307,249 | +€5.8m | +380% |
| Other amounts receivable | 41 | €58,375 | €250,626 | +€192,251 | +329% |
| Current investments | 50/53 | €3,700,000 | - | -€3.7m | |
| Other investments | 51/53 | €3,700,000 | - | -€3.7m | |
| Cash at bank and in hand | 54/58 | €1,784,753 | €2,194,721 | +€409,968 | +23.0% |
| Deferred charges and accrued income | 490/1 | €4,816 | €5,029 | +€213 | +4.4% |
| Total equity and liabilities | 10/49 | €8,248,103 | €11,074,778 | +€2.8m | +34.3% |
| Equity | 10/15 | €1,811,506 | €3,494,661 | +€1.7m | +92.9% |
| Contributions | 10/11 | €1,009,809 | €1,009,809 | = | 0.0% |
| Capital | 10 | €1,009,809 | €1,009,809 | = | 0.0% |
| Issued capital | 100 | €1,009,809 | €1,009,809 | = | 0.0% |
| Revaluation surpluses | 12 | €700,716 | €700,716 | = | 0.0% |
| Reserves | 13 | €100,981 | €1,784,136 | +€1.7m | +1,667% |
| Non-distributable reserves | 130/1 | €100,981 | €100,981 | = | 0.0% |
| Legal reserve | 130 | €100,981 | €100,981 | = | 0.0% |
| Distributable reserves | 133 | - | €1,683,155 | +€1.7m | |
| Amounts payable | 17/49 | €6,436,597 | €7,580,117 | +€1.1m | +17.8% |
| Amounts payable within one year | 42/48 | €6,424,397 | €7,572,761 | +€1.1m | +17.9% |
| Trade debts | 44 | €303,119 | €1,187,638 | +€884,518 | +292% |
| Suppliers | 440/4 | €303,119 | €1,187,638 | +€884,518 | +292% |
| Advances received on contracts in progress | 46 | €3,742,173 | €5,239,136 | +€1.5m | +40.0% |
| Taxes, remuneration and social security | 45 | - | €303,012 | +€303,012 | |
| Taxes | 450/3 | - | €303,012 | +€303,012 | |
| Other amounts payable | 47/48 | €2,379,104 | €842,976 | -€1.5m | -64.6% |
| Accrued charges and deferred income | 492/3 | €12,200 | €7,356 | -€4,844 | -39.7% |
| Operating income | 70/76A | €8,075,408 | €5,446,127 | -€2.6m | -32.6% |
| Turnover | 70 | €2,774,122 | €427,640 | -€2.3m | -84.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €5,257,441 | €5,003,828 | -€253,614 | -4.8% |
| Other operating income | 74 | €43,844 | €14,659 | -€29,186 | -66.6% |
| Operating charges | 60/66A | €5,987,056 | €3,833,176 | -€2.2m | -36.0% |
| Goods for resale, raw materials and consumables | 60 | €4,876,221 | €2,897,932 | -€2.0m | -40.6% |
| Purchases | 600/8 | €4,876,221 | €2,897,932 | -€2.0m | -40.6% |
| Services and other goods | 61 | €1,109,329 | €865,185 | -€244,144 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184 | - | -€184 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €68,730 | +€68,730 | |
| Other operating charges | 640/8 | €1,322 | €1,330 | +€7 | +0.5% |
| Operating profit (loss) | 9901 | €2,088,351 | €1,612,951 | -€475,401 | -22.8% |
| Financial income | 75/76B | €947,379 | €580,321 | -€367,058 | -38.7% |
| Recurring financial income | 75 | €947,379 | €580,321 | -€367,058 | -38.7% |
| Income from financial fixed assets | 750 | €830,723 | €484,017 | -€346,706 | -41.7% |
| Income from current assets | 751 | €111,680 | €76,486 | -€35,194 | -31.5% |
| Other financial income | 752/9 | €4,976 | €19,818 | +€14,842 | +298% |
| Financial charges | 65/66B | €83,992 | €48,705 | -€35,287 | -42.0% |
| Recurring financial charges | 65 | €83,992 | €48,705 | -€35,287 | -42.0% |
| Other financial charges | 652/9 | €83,992 | €48,705 | -€35,287 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €2,951,739 | €2,144,566 | -€807,172 | -27.3% |
| Income taxes | 67/77 | €531,134 | €461,412 | -€69,723 | -13.1% |
| Taxes | 670/3 | €562,705 | €461,412 | -€101,294 | -18.0% |
| Tax adjustments and reversals of tax provisions | 77 | €31,571 | - | -€31,571 | |
| Profit (loss) for the period | 9904 | €2,420,604 | €1,683,155 | -€737,449 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,420,604 | €1,683,155 | -€737,449 | -30.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.