THE GOOD SOAP: 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.
THE GOOD SOAP
Largest movements
- Stocks and contracts +€32,265
up €32,265 (+93.7%), from €34,439 to €66,704
- Cash -€10,482
down €10,482 (-68.6%), from €15,282 to €4,800
mainly Stocks and contracts (-€32,265) and Contributions, distributions and other (-€6,341)
- Receivables within one year -€7,195
down €7,195 (-43.4%), from €16,591 to €9,396
of which Other amounts receivable: -€11,157
- Tangible fixed assets -€4,912
down €4,912 (-8.9%), from €54,996 to €50,084
of which Plant, machinery and equipment: -€2,684
- Deferred charges and accrued income +€4,811
up €4,811 (+1,536%), from €313 to €5,124
- Other debts +€15,460
up €15,460 (+17.7%), from €87,498 to €102,957
- Investment grants -€6,341
down €6,341 (-17.8%), from €35,560 to €29,219
- Trade debts +€4,001
up €4,001 (+42.9%), from €9,335 to €13,336
- Gross operating margin +€13,046
up €13,046, from -€2,331 to €10,715
- Depreciation +€5,899
up €5,899 (+138%), from €4,280 to €10,180
- Other operating charges -€440
no longer reported in 2025 (was €440)
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 | €121,622 | €136,108 | +€14,486 | +11.9% |
| Fixed assets | 21/28 | €54,996 | €50,084 | -€4,912 | -8.9% |
| Tangible fixed assets | 22/27 | €54,996 | €50,084 | -€4,912 | -8.9% |
| Plant, machinery and equipment | 23 | €46,706 | €44,023 | -€2,684 | -5.7% |
| Furniture and vehicles | 24 | €3,278 | €3,090 | -€189 | -5.8% |
| Other tangible fixed assets | 26 | €5,012 | €2,972 | -€2,040 | -40.7% |
| Current assets | 29/58 | €66,625 | €86,023 | +€19,398 | +29.1% |
| Stocks and contracts in progress | 3 | €34,439 | €66,704 | +€32,265 | +93.7% |
| Stocks | 30/36 | €34,439 | €66,704 | +€32,265 | +93.7% |
| Amounts receivable within one year | 40/41 | €16,591 | €9,396 | -€7,195 | -43.4% |
| Trade receivables | 40 | €4,591 | €8,553 | +€3,962 | +86.3% |
| Other amounts receivable | 41 | €12,000 | €842 | -€11,157 | -93.0% |
| Cash at bank and in hand | 54/58 | €15,282 | €4,800 | -€10,482 | -68.6% |
| Deferred charges and accrued income | 490/1 | €313 | €5,124 | +€4,811 | +1,536% |
| Total equity and liabilities | 10/49 | €121,622 | €136,108 | +€14,486 | +11.9% |
| Equity | 10/15 | €23,617 | €17,713 | -€5,904 | -25.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,943 | -€16,506 | +€437 | +2.6% |
| Investment grants | 15 | €35,560 | €29,219 | -€6,341 | -17.8% |
| Amounts payable | 17/49 | €98,005 | €118,395 | +€20,390 | +20.8% |
| Amounts payable within one year | 42/48 | €98,005 | €118,211 | +€20,206 | +20.6% |
| Trade debts | 44 | €9,335 | €13,336 | +€4,001 | +42.9% |
| Suppliers | 440/4 | €9,335 | €13,336 | +€4,001 | +42.9% |
| Taxes, remuneration and social security | 45 | €1,172 | €1,917 | +€745 | +63.6% |
| Taxes | 450/3 | €1,172 | €1,917 | +€745 | +63.6% |
| Other amounts payable | 47/48 | €87,498 | €102,957 | +€15,460 | +17.7% |
| Accrued charges and deferred income | 492/3 | - | €184 | +€184 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,280 | €10,180 | +€5,899 | +138% |
| Other operating charges | 640/8 | €440 | - | -€440 | |
| Gross operating margin | 9900 | -€2,331 | €10,715 | +€13,046 | |
| Operating profit (loss) | 9901 | -€7,051 | €535 | +€7,586 | |
| Financial income | 75/76B | €36 | €0 | -€36 | -99.4% |
| Recurring financial income | 75 | €36 | €0 | -€36 | -99.4% |
| Financial charges | 65/66B | €178 | €99 | -€79 | -44.5% |
| Recurring financial charges | 65 | €178 | €99 | -€79 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,193 | €437 | +€7,629 | |
| Profit (loss) for the period | 9904 | -€7,193 | €437 | +€7,629 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,193 | €437 | +€7,629 |
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 26 October 2026 via checked.be.