'T SOETE HEEM: 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.
'T SOETE HEEM
Largest movements
- Tangible fixed assets -€53,118
down €53,118 (-4.6%), from €1.2m to €1.1m
- Receivables within one year -€13,243
down €13,243 (-78.9%), from €16,783 to €3,540
of which Trade receivables: -€13,183
- Debts after one year -€46,017
down €46,017 (-8.8%), from €522,552 to €476,535
of which Financial debts: -€43,342
- Profit (loss) carried forward -€24,559
down €24,559 (-7.6%), from -€322,036 to -€346,595
- Financial charges +€3,421
up €3,421 (+36.4%), from €9,388 to €12,809
- Gross operating margin +€2,993
up €2,993 (+5.4%), from €55,756 to €58,750
- Depreciation -€784
down €784 (-1.2%), from €63,028 to €62,244
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,189,593 | €1,132,020 | -€57,573 | -4.8% |
| Fixed assets | 21/28 | €1,165,933 | €1,112,816 | -€53,118 | -4.6% |
| Tangible fixed assets | 22/27 | €1,161,433 | €1,108,316 | -€53,118 | -4.6% |
| Land and buildings | 22 | €1,161,433 | €1,108,316 | -€53,118 | -4.6% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €23,660 | €19,204 | -€4,456 | -18.8% |
| Amounts receivable within one year | 40/41 | €16,783 | €3,540 | -€13,243 | -78.9% |
| Trade receivables | 40 | €16,705 | €3,522 | -€13,183 | -78.9% |
| Other amounts receivable | 41 | €78 | €18 | -€61 | -77.4% |
| Cash at bank and in hand | 54/58 | €5,644 | €13,432 | +€7,788 | +138% |
| Deferred charges and accrued income | 490/1 | €1,232 | €2,232 | +€1,000 | +81.1% |
| Total equity and liabilities | 10/49 | €1,189,593 | €1,132,020 | -€57,573 | -4.8% |
| Equity | 10/15 | €47,424 | €22,865 | -€24,559 | -51.8% |
| Contributions | 10/11 | €362,600 | €362,600 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€322,036 | -€346,595 | -€24,559 | -7.6% |
| Amounts payable | 17/49 | €1,142,169 | €1,109,155 | -€33,014 | -2.9% |
| Amounts payable after more than one year | 17 | €522,552 | €476,535 | -€46,017 | -8.8% |
| Financial debts | 170/4 | €515,977 | €472,635 | -€43,342 | -8.4% |
| Other amounts payable | 178/9 | €6,575 | €3,900 | -€2,675 | -40.7% |
| Amounts payable within one year | 42/48 | €612,597 | €625,719 | +€13,122 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €42,316 | €43,342 | +€1,026 | +2.4% |
| Trade debts | 44 | €6,824 | €15,699 | +€8,874 | +130% |
| Suppliers | 440/4 | €6,824 | €15,699 | +€8,874 | +130% |
| Taxes, remuneration and social security | 45 | €5,746 | €5,948 | +€201 | +3.5% |
| Taxes | 450/3 | €5,746 | €5,948 | +€201 | +3.5% |
| Other amounts payable | 47/48 | €557,710 | €560,730 | +€3,020 | +0.5% |
| Accrued charges and deferred income | 492/3 | €7,020 | €6,901 | -€119 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,028 | €62,244 | -€784 | -1.2% |
| Other operating charges | 640/8 | €8,211 | €7,996 | -€214 | -2.6% |
| Gross operating margin | 9900 | €55,756 | €58,750 | +€2,993 | +5.4% |
| Operating profit (loss) | 9901 | -€15,482 | -€11,491 | +€3,992 | +25.8% |
| Financial income | 75/76B | - | €73 | +€73 | |
| Recurring financial income | 75 | - | €73 | +€73 | |
| Financial charges | 65/66B | €9,388 | €12,809 | +€3,421 | +36.4% |
| Recurring financial charges | 65 | €9,388 | €12,809 | +€3,421 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,871 | -€24,227 | +€644 | +2.6% |
| Income taxes | 67/77 | €322 | €332 | +€11 | +3.3% |
| Profit (loss) for the period | 9904 | -€25,192 | -€24,559 | +€633 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,192 | -€24,559 | +€633 | +2.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.