Dr. Sofie Beersmans: what changed
Two fiscal 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. Sofie Beersmans
Largest movements
- Cash -€119,302
down €119,302 (-68.4%), from €174,494 to €55,192
mainly Contributions, distributions and other (-€140,000) and Investment in fixed assets (net) (-€61,136)
- Deferred charges and accrued income +€61,047
up €61,047 (+417.6%), from €14,620 to €75,667
- Tangible fixed assets +€49,283
up €49,283 (+1197.1%), from €4,117 to €53,400
of which Furniture and vehicles: +€47,740
- Receivables within one year -€12,745
down €12,745 (-81.9%), from €15,557 to €2,812
of which Trade receivables: -€15,557
- Reserves -€49,252
down €49,252 (-70.7%), from €69,659 to €20,407
- Other debts +€40,050
up €40,050 (+37.5%), from €106,823 to €146,873
- Tax, wage and social debts -€13,706
no longer reported in 2025 (was €13,706)
- Depreciation +€10,929
up €10,929 (+1182.8%), from €924 to €11,853
- Taxes -€4,518
down €4,518 (-15.7%), from €28,706 to €24,188
- Gross operating margin -€3,883
down €3,883 (-3.0%), from €131,197 to €127,314
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 | €208,788 | €187,071 | -€21,717 | -10.4% |
| Fixed assets | 21/28 | €4,117 | €53,400 | +€49,283 | +1197.1% |
| Tangible fixed assets | 22/27 | €4,117 | €53,400 | +€49,283 | +1197.1% |
| Plant, machinery and equipment | 23 | €2,192 | €3,735 | +€1,543 | +70.4% |
| Furniture and vehicles | 24 | €1,925 | €49,665 | +€47,740 | +2480.0% |
| Current assets | 29/58 | €204,671 | €133,671 | -€71,000 | -34.7% |
| Amounts receivable within one year | 40/41 | €15,557 | €2,812 | -€12,745 | -81.9% |
| Trade receivables | 40 | €15,557 | - | -€15,557 | |
| Other amounts receivable | 41 | - | €2,812 | +€2,812 | |
| Cash at bank and in hand | 54/58 | €174,494 | €55,192 | -€119,302 | -68.4% |
| Deferred charges and accrued income | 490/1 | €14,620 | €75,667 | +€61,047 | +417.6% |
| Total equity and liabilities | 10/49 | €208,788 | €187,071 | -€21,717 | -10.4% |
| Equity | 10/15 | €88,259 | €39,007 | -€49,252 | -55.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,659 | €20,407 | -€49,252 | -70.7% |
| Distributable reserves | 133 | €69,659 | €20,407 | -€49,252 | -70.7% |
| Amounts payable | 17/49 | €120,529 | €148,064 | +€27,535 | +22.8% |
| Amounts payable within one year | 42/48 | €120,529 | €148,064 | +€27,535 | +22.8% |
| Trade debts | 44 | - | €1,191 | +€1,191 | |
| Suppliers | 440/4 | - | €1,191 | +€1,191 | |
| Taxes, remuneration and social security | 45 | €13,706 | - | -€13,706 | |
| Taxes | 450/3 | €13,706 | - | -€13,706 | |
| Other amounts payable | 47/48 | €106,823 | €146,873 | +€40,050 | +37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €924 | €11,853 | +€10,929 | +1182.8% |
| Other operating charges | 640/8 | €448 | €451 | +€3 | +0.7% |
| Gross operating margin | 9900 | €131,197 | €127,314 | -€3,883 | -3.0% |
| Operating profit (loss) | 9901 | €129,825 | €115,010 | -€14,815 | -11.4% |
| Financial charges | 65/66B | €69 | €74 | +€5 | +7.2% |
| Recurring financial charges | 65 | €69 | €74 | +€5 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €129,756 | €114,936 | -€14,820 | -11.4% |
| Income taxes | 67/77 | €28,706 | €24,188 | -€4,518 | -15.7% |
| Profit (loss) for the period | 9904 | €101,050 | €90,748 | -€10,302 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €101,050 | €90,748 | -€10,302 | -10.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.