Dr.Sofie Daineffe: 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 Daineffe
Largest movements
- Current investments +€117,190
up €117,190 (+616.8%), from €19,000 to €136,190
- Deferred charges and accrued income -€46,312
down €46,312 (-48.0%), from €96,580 to €50,268
- Tangible fixed assets -€19,150
down €19,150 (-6.6%), from €288,696 to €269,546
of which Land and buildings: -€17,872
- Cash -€14,125
down €14,125 (-5.9%), from €237,761 to €223,637
mainly Current investments (-€117,190) and Contributions, distributions and other (-€48,332)
- Receivables after one year +€12,287
up €12,287 (+18.1%), from €67,933 to €80,219
- Reserves +€66,933
up €66,933 (+10.8%), from €617,288 to €684,220
of which Distributable reserves: +€66,933
- Debts after one year -€18,272
down €18,272 (-59.3%), from €30,821 to €12,548
- Tax, wage and social debts +€9,650
up €9,650 (+71.5%), from €13,500 to €23,150
- Gross operating margin -€14,504
down €14,504 (-6.9%), from €211,392 to €196,888
- Financial charges -€4,006
down €4,006 (-89.2%), from €4,492 to €486
- Taxes -€3,806
down €3,806 (-6.8%), from €56,091 to €52,286
- Financial income +€2,760
up €2,760 (+496.0%), from €556 to €3,316
- Depreciation +€2,201
up €2,201 (+7.8%), from €28,287 to €30,488
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 | €713,246 | €760,184 | +€46,938 | +6.6% |
| Fixed assets | 21/28 | €288,696 | €269,546 | -€19,150 | -6.6% |
| Tangible fixed assets | 22/27 | €288,696 | €269,546 | -€19,150 | -6.6% |
| Land and buildings | 22 | €283,598 | €265,725 | -€17,872 | -6.3% |
| Furniture and vehicles | 24 | €5,099 | €3,820 | -€1,278 | -25.1% |
| Current assets | 29/58 | €424,550 | €490,638 | +€66,088 | +15.6% |
| Amounts receivable after more than one year | 29 | €67,933 | €80,219 | +€12,287 | +18.1% |
| Other amounts receivable | 291 | €67,933 | €80,219 | +€12,287 | +18.1% |
| Amounts receivable within one year | 40/41 | €3,276 | €324 | -€2,952 | -90.1% |
| Trade receivables | 40 | €1,728 | €186 | -€1,542 | -89.2% |
| Other amounts receivable | 41 | €1,548 | €138 | -€1,410 | -91.1% |
| Current investments | 50/53 | €19,000 | €136,190 | +€117,190 | +616.8% |
| Cash at bank and in hand | 54/58 | €237,761 | €223,637 | -€14,125 | -5.9% |
| Deferred charges and accrued income | 490/1 | €96,580 | €50,268 | -€46,312 | -48.0% |
| Total equity and liabilities | 10/49 | €713,246 | €760,184 | +€46,938 | +6.6% |
| Equity | 10/15 | €629,688 | €696,620 | +€66,933 | +10.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €617,288 | €684,220 | +€66,933 | +10.8% |
| Tax-exempt reserves | 132 | €663 | €663 | = | 0.0% |
| Distributable reserves | 133 | €616,625 | €683,558 | +€66,933 | +10.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €83,558 | €63,563 | -€19,995 | -23.9% |
| Amounts payable after more than one year | 17 | €30,821 | €12,548 | -€18,272 | -59.3% |
| Financial debts | 170/4 | €30,821 | €12,548 | -€18,272 | -59.3% |
| Amounts payable within one year | 42/48 | €52,737 | €51,015 | -€1,723 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €25,239 | €17,783 | -€7,456 | -29.5% |
| Financial debts | 43 | €13,698 | €10,065 | -€3,634 | -26.5% |
| Credit institutions | 430/8 | €13,698 | €10,065 | -€3,634 | -26.5% |
| Trade debts | 44 | €300 | €17 | -€283 | -94.3% |
| Suppliers | 440/4 | €300 | €17 | -€283 | -94.3% |
| Taxes, remuneration and social security | 45 | €13,500 | €23,150 | +€9,650 | +71.5% |
| Taxes | 450/3 | €13,500 | €23,150 | +€9,650 | +71.5% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,287 | €30,488 | +€2,201 | +7.8% |
| Other operating charges | 640/8 | €1,523 | €1,681 | +€157 | +10.3% |
| Non-recurring operating charges | 66A | €116 | - | -€116 | |
| Gross operating margin | 9900 | €211,392 | €196,888 | -€14,504 | -6.9% |
| Operating profit (loss) | 9901 | €181,466 | €164,719 | -€16,746 | -9.2% |
| Financial income | 75/76B | €556 | €3,316 | +€2,760 | +496.0% |
| Recurring financial income | 75 | €556 | €3,316 | +€2,760 | +496.0% |
| Financial charges | 65/66B | €4,492 | €486 | -€4,006 | -89.2% |
| Recurring financial charges | 65 | €4,492 | €486 | -€4,006 | -89.2% |
| Profit (loss) for the period before taxes | 9903 | €177,530 | €167,550 | -€9,980 | -5.6% |
| Income taxes | 67/77 | €56,091 | €52,286 | -€3,806 | -6.8% |
| Profit (loss) for the period | 9904 | €121,438 | €115,264 | -€6,174 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €121,438 | €115,264 | -€6,174 | -5.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.