Dr. Sofie De Ferm: what changed
Dr. Sofie De Ferm
Largest movements
- Cash +€211,602
up €211,602 (+179%), from €118,413 to €330,015
mainly Other debts (+€309,499) and Net result for the year (+€149,126)
- Current investments -€70,000
down €70,000 (-54.3%), from €129,000 to €59,000
- Tangible fixed assets +€4,580
up €4,580 (+403%), from €1,136 to €5,716
- Other debts +€309,499
up €309,499 (+10,398%), from €2,977 to €312,476
- Profit (loss) carried forward -€83,467
no longer reported in 2025 (was €83,467)
- Reserves -€75,843
down €75,843 (-50.3%), from €150,861 to €75,018
- Gross operating margin +€85,517
up €85,517 (+78.3%), from €109,282 to €194,799
- Taxes +€21,266
up €21,266 (+91.9%), from €23,133 to €44,398
- Financial income +€3,959
up €3,959 (+39,586,300%), from €0 to €3,959
- Financial charges +€2,642
new in 2025: €2,642
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €257,726 | €407,147 | +€149,421 | +58.0% |
| Fixed assets | 21/28 | €6,896 | €11,476 | +€4,580 | +66.4% |
| Tangible fixed assets | 22/27 | €1,136 | €5,716 | +€4,580 | +403% |
| Furniture and vehicles | 24 | €1,136 | €5,716 | +€4,580 | +403% |
| Financial fixed assets | 28 | €5,760 | €5,760 | = | 0.0% |
| Current assets | 29/58 | €250,830 | €395,671 | +€144,841 | +57.7% |
| Amounts receivable within one year | 40/41 | €3,417 | €6,657 | +€3,239 | +94.8% |
| Trade receivables | 40 | €1,550 | - | -€1,550 | |
| Other amounts receivable | 41 | €1,867 | €6,657 | +€4,789 | +256% |
| Current investments | 50/53 | €129,000 | €59,000 | -€70,000 | -54.3% |
| Cash at bank and in hand | 54/58 | €118,413 | €330,015 | +€211,602 | +179% |
| Total equity and liabilities | 10/49 | €257,726 | €407,147 | +€149,421 | +58.0% |
| Equity | 10/15 | €252,877 | €93,568 | -€159,309 | -63.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €150,861 | €75,018 | -€75,843 | -50.3% |
| Distributable reserves | 133 | €150,861 | €75,018 | -€75,843 | -50.3% |
| Profit (loss) carried forward | 14 | €83,467 | - | -€83,467 | |
| Amounts payable | 17/49 | €4,848 | €313,579 | +€308,731 | +6,368% |
| Amounts payable within one year | 42/48 | €4,152 | €312,883 | +€308,731 | +7,435% |
| Trade debts | 44 | €1,176 | €407 | -€768 | -65.4% |
| Suppliers | 440/4 | €1,176 | €407 | -€768 | -65.4% |
| Other amounts payable | 47/48 | €2,977 | €312,476 | +€309,499 | +10,398% |
| Accrued charges and deferred income | 492/3 | €696 | €696 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,169 | €2,419 | +€250 | +11.5% |
| Other operating charges | 640/8 | €514 | €173 | -€341 | -66.3% |
| Gross operating margin | 9900 | €109,282 | €194,799 | +€85,517 | +78.3% |
| Operating profit (loss) | 9901 | €106,599 | €192,207 | +€85,608 | +80.3% |
| Financial income | 75/76B | €0 | €3,959 | +€3,959 | +39,586,300% |
| Recurring financial income | 75 | €0 | €3,959 | +€3,959 | +39,586,300% |
| Financial charges | 65/66B | - | €2,642 | +€2,642 | |
| Recurring financial charges | 65 | - | €2,642 | +€2,642 | |
| Profit (loss) for the period before taxes | 9903 | €106,599 | €193,524 | +€86,925 | +81.5% |
| Income taxes | 67/77 | €23,133 | €44,398 | +€21,266 | +91.9% |
| Profit (loss) for the period | 9904 | €83,467 | €149,126 | +€65,659 | +78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €83,467 | €149,126 | +€65,659 | +78.7% |
Next steps
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 5 November 2026 via checked.be.