Soete Construct: 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.
Soete Construct
Largest movements
- Cash +€91,661
up €91,661 (+1,659%), from €5,524 to €97,185
mainly Net result for the year (+€72,350) and Investment in fixed assets (net) (+€61,302)
- Financial fixed assets -€80,000
down €80,000 (-99.1%), from €80,750 to €750
- Tangible fixed assets +€13,141
up €13,141 (+34.7%), from €37,825 to €50,966
of which Other tangible fixed assets: +€10,529
- Receivables within one year +€7,361
up €7,361 (+66.9%), from €11,000 to €18,361
of which Trade receivables: +€9,000
- Deferred charges and accrued income -€3,045
down €3,045 (-9.5%), from €31,901 to €28,856
- Reserves +€65,292
up €65,292 (+204%), from €32,042 to €97,334
- Debts after one year -€38,473
down €38,473 (-34.9%), from €110,157 to €71,683
of which Other amounts payable: -€20,266
- Other debts +€5,500
new in 2025: €5,500
- Accrued charges and deferred income -€5,356
down €5,356 (-86.5%), from €6,196 to €839
- Gross operating margin +€97,681
up €97,681 (+1,129%), from €8,655 to €106,337
- Taxes +€24,528
up €24,528 (+4,011%), from €612 to €25,139
- Financial income -€7,500
no longer reported in 2025 (was €7,500)
- Depreciation +€2,131
up €2,131 (+62.2%), from €3,426 to €5,557
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 | €167,000 | €196,118 | +€29,118 | +17.4% |
| Fixed assets | 21/28 | €118,575 | €51,716 | -€66,859 | -56.4% |
| Tangible fixed assets | 22/27 | €37,825 | €50,966 | +€13,141 | +34.7% |
| Furniture and vehicles | 24 | €4,298 | €6,909 | +€2,611 | +60.8% |
| Other tangible fixed assets | 26 | €33,528 | €44,057 | +€10,529 | +31.4% |
| Financial fixed assets | 28 | €80,750 | €750 | -€80,000 | -99.1% |
| Current assets | 29/58 | €48,425 | €144,402 | +€95,977 | +198% |
| Amounts receivable within one year | 40/41 | €11,000 | €18,361 | +€7,361 | +66.9% |
| Trade receivables | 40 | €7,000 | €16,000 | +€9,000 | +129% |
| Other amounts receivable | 41 | €4,000 | €2,361 | -€1,639 | -41.0% |
| Cash at bank and in hand | 54/58 | €5,524 | €97,185 | +€91,661 | +1,659% |
| Deferred charges and accrued income | 490/1 | €31,901 | €28,856 | -€3,045 | -9.5% |
| Total equity and liabilities | 10/49 | €167,000 | €196,118 | +€29,118 | +17.4% |
| Equity | 10/15 | €33,542 | €98,834 | +€65,292 | +195% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €32,042 | €97,334 | +€65,292 | +204% |
| Distributable reserves | 133 | €32,042 | €97,334 | +€65,292 | +204% |
| Amounts payable | 17/49 | €133,458 | €97,284 | -€36,174 | -27.1% |
| Amounts payable after more than one year | 17 | €110,157 | €71,683 | -€38,473 | -34.9% |
| Financial debts | 170/4 | €76,460 | €58,252 | -€18,208 | -23.8% |
| Other amounts payable | 178/9 | €33,697 | €13,431 | -€20,266 | -60.1% |
| Amounts payable within one year | 42/48 | €17,106 | €24,762 | +€7,656 | +44.8% |
| Current portion of amounts payable after more than one year | 42 | €12,044 | €12,506 | +€462 | +3.8% |
| Trade debts | 44 | €645 | €845 | +€200 | +31.0% |
| Suppliers | 440/4 | €645 | €845 | +€200 | +31.0% |
| Taxes, remuneration and social security | 45 | €4,417 | €5,911 | +€1,494 | +33.8% |
| Taxes | 450/3 | €4,417 | €5,911 | +€1,494 | +33.8% |
| Other amounts payable | 47/48 | - | €5,500 | +€5,500 | |
| Accrued charges and deferred income | 492/3 | €6,196 | €839 | -€5,356 | -86.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,426 | €5,557 | +€2,131 | +62.2% |
| Other operating charges | 640/8 | €126 | €689 | +€563 | +447% |
| Gross operating margin | 9900 | €8,655 | €106,337 | +€97,681 | +1,129% |
| Operating profit (loss) | 9901 | €5,103 | €100,090 | +€94,987 | +1,861% |
| Financial income | 75/76B | €7,500 | - | -€7,500 | |
| Recurring financial income | 75 | €7,500 | - | -€7,500 | |
| Financial charges | 65/66B | €3,541 | €2,600 | -€940 | -26.6% |
| Recurring financial charges | 65 | €3,541 | €2,600 | -€940 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €9,063 | €97,490 | +€88,427 | +976% |
| Income taxes | 67/77 | €612 | €25,139 | +€24,528 | +4,011% |
| Profit (loss) for the period | 9904 | €8,451 | €72,350 | +€63,899 | +756% |
| Profit (loss) for the period to be appropriated | 9905 | €8,451 | €72,350 | +€63,899 | +756% |
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 1 November 2026 via checked.be.