Dr. Sofie De Smet: 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. Sofie De Smet
Largest movements
- Cash -€23,294
down €23,294 (-38.0%), from €61,305 to €38,011
mainly Contributions, distributions and other (-€70,000) and Tax, wage and social debts (-€5,437)
- Current investments +€1,000
new in 2025: €1,000
- Reserves -€43,722
down €43,722 (-99.1%), from €44,099 to €376
- Other debts +€27,594
up €27,594 (+1796.7%), from €1,536 to €29,130
- Tax, wage and social debts -€5,437
down €5,437 (-39.7%), from €13,702 to €8,265
- Gross operating margin +€3,640
up €3,640 (+12.1%), from €29,991 to €33,631
- Financial income +€542
up €542 (+515.4%), from €105 to €648
- Taxes +€390
up €390 (+5.5%), from €7,049 to €7,438
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 | €62,028 | €40,320 | -€21,708 | -35.0% |
| Current assets | 29/58 | €62,028 | €40,320 | -€21,708 | -35.0% |
| Current investments | 50/53 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €61,305 | €38,011 | -€23,294 | -38.0% |
| Deferred charges and accrued income | 490/1 | €722 | €1,309 | +€586 | +81.1% |
| Total equity and liabilities | 10/49 | €62,028 | €40,320 | -€21,708 | -35.0% |
| Equity | 10/15 | €46,599 | €2,876 | -€43,722 | -93.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €44,099 | €376 | -€43,722 | -99.1% |
| Distributable reserves | 133 | €44,099 | €376 | -€43,722 | -99.1% |
| Amounts payable | 17/49 | €15,429 | €37,443 | +€22,015 | +142.7% |
| Amounts payable within one year | 42/48 | €15,429 | €37,443 | +€22,015 | +142.7% |
| Trade debts | 44 | €191 | €48 | -€143 | -74.7% |
| Suppliers | 440/4 | €191 | €48 | -€143 | -74.7% |
| Taxes, remuneration and social security | 45 | €13,702 | €8,265 | -€5,437 | -39.7% |
| Taxes | 450/3 | €13,702 | €8,265 | -€5,437 | -39.7% |
| Other amounts payable | 47/48 | €1,536 | €29,130 | +€27,594 | +1796.7% |
| Other operating charges | 640/8 | €577 | €532 | -€45 | -7.8% |
| Gross operating margin | 9900 | €29,991 | €33,631 | +€3,640 | +12.1% |
| Operating profit (loss) | 9901 | €29,413 | €33,099 | +€3,685 | +12.5% |
| Financial income | 75/76B | €105 | €648 | +€542 | +515.4% |
| Recurring financial income | 75 | €105 | €648 | +€542 | +515.4% |
| Financial charges | 65/66B | €0 | €30 | +€30 | +10050.0% |
| Recurring financial charges | 65 | €0 | €30 | +€30 | +10050.0% |
| Profit (loss) for the period before taxes | 9903 | €29,518 | €33,716 | +€4,197 | +14.2% |
| Income taxes | 67/77 | €7,049 | €7,438 | +€390 | +5.5% |
| Profit (loss) for the period | 9904 | €22,470 | €26,278 | +€3,808 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,470 | €26,278 | +€3,808 | +16.9% |
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 12 October 2026 via checked.be.