DR. BOURGUIGNON SOFIE: 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.
DR. BOURGUIGNON SOFIE
Largest movements
- Cash -€57,166
down €57,166 (-71.2%), from €80,313 to €23,147
mainly Contributions, distributions and other (-€257,145) and Investment in fixed assets (net) (-€16,592)
- Receivables within one year +€15,824
up €15,824 (+19.6%), from €80,714 to €96,539
- Tangible fixed assets -€9,990
down €9,990 (-17.2%), from €58,214 to €48,224
of which Furniture and vehicles: -€9,579
- Intangible fixed assets +€4,780
up €4,780 (+12.8%), from €37,302 to €42,081
- Reserves -€178,205
no longer reported in 2025 (was €178,205)
of which Distributable reserves: -€177,278
- Other debts +€144,292
up €144,292 (+506.6%), from €28,483 to €172,775
- Debts after one year -€12,490
down €12,490 (-65.2%), from €19,146 to €6,656
- Current portion of long-term debt +€6,378
new in 2025: €6,378
- Tax, wage and social debts -€5,179
down €5,179 (-21.8%), from €23,728 to €18,548
- Gross operating margin -€15,082
down €15,082 (-10.9%), from €138,183 to €123,101
- Taxes -€2,947
down €2,947 (-12.4%), from €23,728 to €20,780
- Depreciation +€2,628
up €2,628 (+13.7%), from €19,175 to €21,802
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.
Cash bridge derived
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 | €256,543 | €211,223 | -€45,320 | -17.7% |
| Fixed assets | 21/28 | €95,516 | €90,306 | -€5,211 | -5.5% |
| Intangible fixed assets | 21 | €37,302 | €42,081 | +€4,780 | +12.8% |
| Tangible fixed assets | 22/27 | €58,214 | €48,224 | -€9,990 | -17.2% |
| Land and buildings | 22 | €22,664 | €22,253 | -€411 | -1.8% |
| Furniture and vehicles | 24 | €35,550 | €25,971 | -€9,579 | -26.9% |
| Current assets | 29/58 | €161,027 | €120,918 | -€40,109 | -24.9% |
| Amounts receivable within one year | 40/41 | €80,714 | €96,539 | +€15,824 | +19.6% |
| Trade receivables | 40 | €80,714 | €96,539 | +€15,824 | +19.6% |
| Cash at bank and in hand | 54/58 | €80,313 | €23,147 | -€57,166 | -71.2% |
| Deferred charges and accrued income | 490/1 | - | €1,232 | +€1,232 | |
| Total equity and liabilities | 10/49 | €256,543 | €211,223 | -€45,320 | -17.7% |
| Equity | 10/15 | €183,205 | €5,000 | -€178,205 | -97.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €178,205 | - | -€178,205 | |
| Tax-exempt reserves | 132 | €927 | - | -€927 | |
| Distributable reserves | 133 | €177,278 | - | -€177,278 | |
| Amounts payable | 17/49 | €73,338 | €206,223 | +€132,886 | +181.2% |
| Amounts payable after more than one year | 17 | €19,146 | €6,656 | -€12,490 | -65.2% |
| Financial debts | 170/4 | €19,146 | €6,656 | -€12,490 | -65.2% |
| Amounts payable within one year | 42/48 | €53,192 | €199,567 | +€146,375 | +275.2% |
| Current portion of amounts payable after more than one year | 42 | - | €6,378 | +€6,378 | |
| Trade debts | 44 | €982 | €1,866 | +€884 | +90.0% |
| Suppliers | 440/4 | €982 | €1,866 | +€884 | +90.0% |
| Taxes, remuneration and social security | 45 | €23,728 | €18,548 | -€5,179 | -21.8% |
| Taxes | 450/3 | €23,728 | €18,548 | -€5,179 | -21.8% |
| Other amounts payable | 47/48 | €28,483 | €172,775 | +€144,292 | +506.6% |
| Accrued charges and deferred income | 492/3 | €999 | - | -€999 | |
| Non-recurring operating income | 76A | €8,000 | €812 | -€7,188 | -89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,175 | €21,802 | +€2,628 | +13.7% |
| Other operating charges | 640/8 | €387 | €649 | +€262 | +67.6% |
| Gross operating margin | 9900 | €138,183 | €123,101 | -€15,082 | -10.9% |
| Operating profit (loss) | 9901 | €118,621 | €100,649 | -€17,971 | -15.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,187 | €929 | -€258 | -21.7% |
| Recurring financial charges | 65 | €1,187 | €929 | -€258 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €117,434 | €99,720 | -€17,713 | -15.1% |
| Income taxes | 67/77 | €23,728 | €20,780 | -€2,947 | -12.4% |
| Profit (loss) for the period | 9904 | €93,706 | €78,940 | -€14,766 | -15.8% |
| Transfer from tax-exempt reserves | 789 | - | €927 | +€927 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,706 | €79,867 | -€13,839 | -14.8% |
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 9 October 2026 via checked.be.