Soulwalks: what changed
What changed
Soulwalks
NACE 85.510, Sports and recreation education
filed annual accounts (NBB)
Net result for the year
-€4,704
2024 · -€12,200+€7,497
Equity
-€35,180
2024 · -€30,476-€4,704
Cash
€323
2024 · €437-€113
Balance sheet total
€10,963
2024 · €15,050-€4,087
Largest movements
Assets
- Tangible fixed assets -€5,377
down €5,377 (-39.3%), from €13,669 to €8,293
of which Furniture and vehicles: -€4,748
- Receivables within one year +€1,313
up €1,313 (+407%), from €322 to €1,635
of which Trade receivables: +€1,284
Equity and liabilities
- Profit (loss) carried forward -€4,704
down €4,704 (-12.8%), from -€36,686 to -€41,390
- Debts after one year -€4,269
down €4,269 (-40.7%), from €10,479 to €6,210
- Trade debts +€1,961
up €1,961 (+284%), from €690 to €2,651
- Advances received +€1,800
new in 2025: €1,800
- Short-term financial debts +€846
up €846 (+16,964%), from €5 to €851
Income statement
- Gross operating margin +€5,236
up €5,236, from -€3,275 to €1,960
- Depreciation -€1,733
down €1,733 (-24.4%), from €7,110 to €5,377
- Other operating charges -€496
down €496 (-41.0%), from €1,211 to €715
- Financial charges -€164
down €164 (-25.1%), from €655 to €491
- Write-downs +€83
new in 2025: €83
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
-€12,200
Gross operating margin
+€5,236
Depreciation
+€1,733
Write-downs
-€83
Other operating charges
+€496
Financial income
-€60
Financial charges
+€164
Taxes
+€10
Result 2025
-€4,704
raises the resultlowers the result
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
+€3,218
Investment
€0
Financing
-€3,331
Cash 2024
€437
From operations (derived)
+€3,218
Net result for the year
-€4,704
Depreciation
+€5,377
Receivables within one year
-€1,313
Deferred charges and accrued income
-€90
Trade debts
+€1,961
Tax, wage and social debts
+€743
Advances received
+€1,800
Other debts
-€556
Financing
-€3,331
Debts after one year
-€4,269
Current portion of long-term debt
+€92
Short-term financial debts
+€846
Cash 2025
€323
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,050 | €10,963 | -€4,087 | -27.2% |
| Fixed assets | 21/28 | €13,669 | €8,293 | -€5,377 | -39.3% |
| Tangible fixed assets | 22/27 | €13,669 | €8,293 | -€5,377 | -39.3% |
| Plant, machinery and equipment | 23 | €1,231 | €603 | -€629 | -51.1% |
| Furniture and vehicles | 24 | €12,438 | €7,690 | -€4,748 | -38.2% |
| Current assets | 29/58 | €1,380 | €2,670 | +€1,290 | +93.4% |
| Amounts receivable within one year | 40/41 | €322 | €1,635 | +€1,313 | +407% |
| Trade receivables | 40 | €322 | €1,607 | +€1,284 | +399% |
| Other amounts receivable | 41 | - | €29 | +€29 | |
| Cash at bank and in hand | 54/58 | €437 | €323 | -€113 | -25.9% |
| Deferred charges and accrued income | 490/1 | €622 | €712 | +€90 | +14.5% |
| Total equity and liabilities | 10/49 | €15,050 | €10,963 | -€4,087 | -27.2% |
| Equity | 10/15 | -€30,476 | -€35,180 | -€4,704 | -15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10 | €10 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10 | €10 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,686 | -€41,390 | -€4,704 | -12.8% |
| Amounts payable | 17/49 | €45,526 | €46,143 | +€616 | +1.4% |
| Amounts payable after more than one year | 17 | €10,479 | €6,210 | -€4,269 | -40.7% |
| Financial debts | 170/4 | €10,479 | €6,210 | -€4,269 | -40.7% |
| Amounts payable within one year | 42/48 | €35,047 | €39,933 | +€4,886 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €4,177 | €4,269 | +€92 | +2.2% |
| Financial debts | 43 | €5 | €851 | +€846 | +16,964% |
| Credit institutions | 430/8 | €5 | €851 | +€846 | +16,964% |
| Trade debts | 44 | €690 | €2,651 | +€1,961 | +284% |
| Suppliers | 440/4 | €690 | €2,651 | +€1,961 | +284% |
| Advances received on contracts in progress | 46 | - | €1,800 | +€1,800 | |
| Taxes, remuneration and social security | 45 | €465 | €1,208 | +€743 | +160% |
| Taxes | 450/3 | €465 | €1,208 | +€743 | +160% |
| Other amounts payable | 47/48 | €29,710 | €29,153 | -€556 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,110 | €5,377 | -€1,733 | -24.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €83 | +€83 | |
| Other operating charges | 640/8 | €1,211 | €715 | -€496 | -41.0% |
| Gross operating margin | 9900 | -€3,275 | €1,960 | +€5,236 | |
| Operating profit (loss) | 9901 | -€11,597 | -€4,214 | +€7,382 | +63.7% |
| Financial income | 75/76B | €62 | €1 | -€60 | -98.0% |
| Recurring financial income | 75 | €62 | €1 | -€60 | -98.0% |
| Financial charges | 65/66B | €655 | €491 | -€164 | -25.1% |
| Recurring financial charges | 65 | €655 | €491 | -€164 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | -€12,190 | -€4,704 | +€7,486 | +61.4% |
| Income taxes | 67/77 | €10 | €0 | -€10 | -100% |
| Profit (loss) for the period | 9904 | -€12,200 | -€4,704 | +€7,497 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,200 | -€4,704 | +€7,497 | +61.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.