SOUDEC: what changed
What changed
SOUDEC
NACE 46.180, Agents specialised in the wholesale of other particular products
filed annual accounts (NBB)
Net result for the year
€177,168
2024 · €170,952+€6,216
Equity
€898,859
2024 · €820,940+€77,918
Cash
€309,026
2024 · €150,063+€158,963
Balance sheet total
€1.4m
2024 · €1.2m+€197,756
Largest movements
Assets
- Cash +€158,963
up €158,963 (+106%), from €150,063 to €309,026
mainly Net result for the year (+€177,168) and Other debts (+€72,140)
- Tangible fixed assets +€38,308
up €38,308 (+44.7%), from €85,772 to €124,079
of which Furniture and vehicles: +€29,563
- Current investments +€24,000
up €24,000 (+17.6%), from €136,000 to €160,000
- Receivables within one year -€17,197
down €17,197 (-3.9%), from €436,212 to €419,015
of which Trade receivables: -€41,019
Equity and liabilities
- Reserves +€77,918
up €77,918 (+10.2%), from €761,605 to €839,523
of which Distributable reserves: +€79,852
- Other debts +€72,140
up €72,140 (+64.6%), from €111,758 to €183,898
- Tax, wage and social debts +€17,188
up €17,188 (+35.1%), from €48,966 to €66,154
of which Remuneration and social security: +€10,622
- Debts after one year +€15,785
up €15,785 (+81.0%), from €19,482 to €35,267
Income statement
- Gross operating margin +€43,962
up €43,962 (+11.9%), from €370,157 to €414,119
- Staff costs +€37,699
up €37,699 (+37.4%), from €100,748 to €138,447
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
€170,952
Gross operating margin
+€43,962
Staff costs
-€37,699
Depreciation
-€844
Write-downs
+€1,157
Other operating charges
-€2,222
Financial income
-€627
Financial charges
-€422
Taxes
+€2,911
Result 2025
€177,168
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
+€338,228
Investment
-€100,622
Financing
-€78,643
Cash 2024
€150,063
From operations (derived)
+€338,228
Net result for the year
+€177,168
Depreciation
+€38,315
Stocks and contracts
+€7,017
Receivables within one year
+€17,197
Deferred charges and accrued income
-€700
Trade debts
+€9,099
Tax, wage and social debts
+€17,188
Other debts
+€72,140
Accrued charges and deferred income
+€803
Investment (derived)
-€100,622
Investment in fixed assets (net)
-€76,623
Current investments
-€24,000
Financing
-€78,643
Debts after one year
+€15,785
Current portion of long-term debt
+€4,822
Contributions, distributions and other
-€99,249
Cash 2025
€309,026
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,192,322 | €1,390,078 | +€197,756 | +16.6% |
| Fixed assets | 21/28 | €85,786 | €124,093 | +€38,308 | +44.7% |
| Tangible fixed assets | 22/27 | €85,772 | €124,079 | +€38,308 | +44.7% |
| Plant, machinery and equipment | 23 | €14,292 | €40,183 | +€25,892 | +181% |
| Furniture and vehicles | 24 | €6,589 | €36,152 | +€29,563 | +449% |
| Other tangible fixed assets | 26 | €64,891 | €47,744 | -€17,147 | -26.4% |
| Financial fixed assets | 28 | €14 | €14 | = | 0.0% |
| Current assets | 29/58 | €1,106,536 | €1,265,984 | +€159,448 | +14.4% |
| Amounts receivable after more than one year | 29 | €95,000 | €95,000 | = | 0.0% |
| Other amounts receivable | 291 | €95,000 | €95,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €278,879 | €271,863 | -€7,017 | -2.5% |
| Stocks | 30/36 | €278,879 | €271,863 | -€7,017 | -2.5% |
| Amounts receivable within one year | 40/41 | €436,212 | €419,015 | -€17,197 | -3.9% |
| Trade receivables | 40 | €352,039 | €311,020 | -€41,019 | -11.7% |
| Other amounts receivable | 41 | €84,173 | €107,995 | +€23,822 | +28.3% |
| Current investments | 50/53 | €136,000 | €160,000 | +€24,000 | +17.6% |
| Cash at bank and in hand | 54/58 | €150,063 | €309,026 | +€158,963 | +106% |
| Deferred charges and accrued income | 490/1 | €10,381 | €11,081 | +€700 | +6.7% |
| Total equity and liabilities | 10/49 | €1,192,322 | €1,390,078 | +€197,756 | +16.6% |
| Equity | 10/15 | €820,940 | €898,859 | +€77,918 | +9.5% |
| Contributions | 10/11 | €59,336 | €59,336 | = | 0.0% |
| Contributions outside capital | 11 | €59,336 | - | -€59,336 | |
| Other | 1109/19 | €59,336 | - | -€59,336 | |
| Reserves | 13 | €761,605 | €839,523 | +€77,918 | +10.2% |
| Non-distributable reserves | 130/1 | €5,934 | €4,000 | -€1,934 | -32.6% |
| Legal reserve | 130 | €1,934 | - | -€1,934 | |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €755,671 | €835,523 | +€79,852 | +10.6% |
| Provisions and deferred taxes | 16 | €16,549 | €16,549 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €16,549 | €16,549 | = | 0.0% |
| Pensions and similar obligations | 160 | €16,549 | €16,549 | = | 0.0% |
| Amounts payable | 17/49 | €354,832 | €474,670 | +€119,838 | +33.8% |
| Amounts payable after more than one year | 17 | €19,482 | €35,267 | +€15,785 | +81.0% |
| Financial debts | 170/4 | €19,482 | €35,267 | +€15,785 | +81.0% |
| Amounts payable within one year | 42/48 | €335,350 | €438,600 | +€103,250 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €14,626 | €19,447 | +€4,822 | +33.0% |
| Trade debts | 44 | €160,001 | €169,100 | +€9,099 | +5.7% |
| Suppliers | 440/4 | €160,001 | €169,100 | +€9,099 | +5.7% |
| Taxes, remuneration and social security | 45 | €48,966 | €66,154 | +€17,188 | +35.1% |
| Taxes | 450/3 | €27,081 | €33,647 | +€6,566 | +24.2% |
| Remuneration and social security | 454/9 | €21,884 | €32,507 | +€10,622 | +48.5% |
| Other amounts payable | 47/48 | €111,758 | €183,898 | +€72,140 | +64.6% |
| Accrued charges and deferred income | 492/3 | - | €803 | +€803 | |
| Remuneration, social security and pensions | 62 | €100,748 | €138,447 | +€37,699 | +37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,470 | €38,315 | +€844 | +2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,157 | - | -€1,157 | |
| Other operating charges | 640/8 | €2,879 | €5,100 | +€2,222 | +77.2% |
| Gross operating margin | 9900 | €370,157 | €414,119 | +€43,962 | +11.9% |
| Operating profit (loss) | 9901 | €227,903 | €232,257 | +€4,354 | +1.9% |
| Financial income | 75/76B | €12,501 | €11,874 | -€627 | -5.0% |
| Recurring financial income | 75 | €12,501 | €11,874 | -€627 | -5.0% |
| Financial charges | 65/66B | €6,856 | €7,278 | +€422 | +6.2% |
| Recurring financial charges | 65 | €6,856 | €7,278 | +€422 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €233,548 | €236,853 | +€3,305 | +1.4% |
| Income taxes | 67/77 | €62,596 | €59,685 | -€2,911 | -4.7% |
| Profit (loss) for the period | 9904 | €170,952 | €177,168 | +€6,216 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €170,952 | €177,168 | +€6,216 | +3.6% |
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 8 November 2026 via checked.be.