Vervoeronderneming De Soete: 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.
Vervoeronderneming De Soete
Largest movements
- Tangible fixed assets +€557,026
up €557,026 (+83.4%), from €667,951 to €1.2m
of which Land and buildings: +€335,586
- Financial fixed assets -€200,000
down €200,000 (-44.4%), from €450,000 to €250,000
- Cash -€85,320
down €85,320 (-75.6%), from €112,851 to €27,531
mainly Investment in fixed assets (net) (-€383,786) and Net result for the year (-€25,900)
- Other debts +€300,000
new in 2025: €300,000
- Gross operating margin -€30,464
down €30,464, from €21,725 to -€8,739
- Other operating charges -€11,359
down €11,359 (-79.9%), from €14,222 to €2,863
- Financial charges +€7,230
up €7,230 (+272%), from €2,660 to €9,890
- Financial income -€5,021
down €5,021 (-22.3%), from €22,562 to €17,541
- Depreciation -€2,509
down €2,509 (-8.6%), from €29,269 to €26,760
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 | €1,232,248 | €1,502,680 | +€270,432 | +21.9% |
| Fixed assets | 21/28 | €1,117,951 | €1,474,977 | +€357,026 | +31.9% |
| Tangible fixed assets | 22/27 | €667,951 | €1,224,977 | +€557,026 | +83.4% |
| Land and buildings | 22 | €362,850 | €698,436 | +€335,586 | +92.5% |
| Leasing and similar rights | 25 | €25,063 | €0 | -€25,063 | -100% |
| Assets under construction and advance payments | 27 | €280,039 | €526,542 | +€246,503 | +88.0% |
| Financial fixed assets | 28 | €450,000 | €250,000 | -€200,000 | -44.4% |
| Current assets | 29/58 | €114,297 | €27,702 | -€86,594 | -75.8% |
| Amounts receivable within one year | 40/41 | €296 | €0 | -€296 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €296 | €0 | -€296 | -100% |
| Cash at bank and in hand | 54/58 | €112,851 | €27,531 | -€85,320 | -75.6% |
| Deferred charges and accrued income | 490/1 | €1,149 | €172 | -€978 | -85.1% |
| Total equity and liabilities | 10/49 | €1,232,248 | €1,502,680 | +€270,432 | +21.9% |
| Equity | 10/15 | €1,038,511 | €1,012,611 | -€25,900 | -2.5% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €1,032,872 | €1,018,437 | -€14,435 | -1.4% |
| Non-distributable reserves | 130/1 | €6,941 | €6,941 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,941 | €6,941 | = | 0.0% |
| Tax-exempt reserves | 132 | €601,212 | €586,777 | -€14,435 | -2.4% |
| Distributable reserves | 133 | €424,718 | €424,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,545 | -€43,010 | -€11,465 | -36.3% |
| Provisions and deferred taxes | 16 | €193,737 | €188,926 | -€4,812 | -2.5% |
| Deferred taxes | 168 | €193,737 | €188,926 | -€4,812 | -2.5% |
| Amounts payable | 17/49 | €0 | €301,143 | +€301,143 | |
| Amounts payable within one year | 42/48 | €0 | €301,143 | +€301,143 | |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | - | €1,143 | +€1,143 | |
| Suppliers | 440/4 | - | €1,143 | +€1,143 | |
| Other amounts payable | 47/48 | - | €300,000 | +€300,000 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,269 | €26,760 | -€2,509 | -8.6% |
| Other operating charges | 640/8 | €14,222 | €2,863 | -€11,359 | -79.9% |
| Gross operating margin | 9900 | €21,725 | -€8,739 | -€30,464 | |
| Operating profit (loss) | 9901 | -€21,767 | -€38,362 | -€16,596 | -76.2% |
| Financial income | 75/76B | €22,562 | €17,541 | -€5,021 | -22.3% |
| Recurring financial income | 75 | €22,562 | €17,541 | -€5,021 | -22.3% |
| Financial charges | 65/66B | €2,660 | €9,890 | +€7,230 | +272% |
| Recurring financial charges | 65 | €2,660 | €9,890 | +€7,230 | +272% |
| Profit (loss) for the period before taxes | 9903 | -€1,865 | -€30,711 | -€28,846 | -1,547% |
| Transfer from deferred taxes | 780 | €3,112 | €4,812 | +€1,700 | +54.6% |
| Profit (loss) for the period | 9904 | €1,247 | -€25,900 | -€27,147 | |
| Transfer from tax-exempt reserves | 789 | €9,335 | €14,435 | +€5,100 | +54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,582 | -€11,465 | -€22,047 |
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 19 October 2026 via checked.be.