DR.SOFIE GEUKENS: 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 GEUKENS
Largest movements
- Current investments +€278,567
up €278,567 (+71.9%), from €387,375 to €665,942
- Cash -€98,777
down €98,777 (-28.8%), from €343,281 to €244,504
mainly Current investments (-€278,567) and Contributions, distributions and other (-€88,029)
- Tangible fixed assets -€12,363
down €12,363 (-24.9%), from €49,669 to €37,306
of which Furniture and vehicles: -€11,812
- Reserves +€155,001
up €155,001 (+21.6%), from €716,144 to €871,145
- Tax, wage and social debts +€12,724
up €12,724 (+74.2%), from €17,146 to €29,870
- Gross operating margin +€62,782
up €62,782 (+21.3%), from €295,018 to €357,800
- Taxes +€21,967
up €21,967 (+24.6%), from €89,201 to €111,167
- Financial income -€5,332
down €5,332 (-35.3%), from €15,105 to €9,773
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 | €782,549 | €949,516 | +€166,967 | +21.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €49,669 | €37,306 | -€12,363 | -24.9% |
| Tangible fixed assets | 22/27 | €49,669 | €37,306 | -€12,363 | -24.9% |
| Plant, machinery and equipment | 23 | €966 | €726 | -€240 | -24.9% |
| Furniture and vehicles | 24 | €44,133 | €32,321 | -€11,812 | -26.8% |
| Other tangible fixed assets | 26 | €4,570 | €4,259 | -€310 | -6.8% |
| Current assets | 29/58 | €732,880 | €912,210 | +€179,330 | +24.5% |
| Current investments | 50/53 | €387,375 | €665,942 | +€278,567 | +71.9% |
| Cash at bank and in hand | 54/58 | €343,281 | €244,504 | -€98,777 | -28.8% |
| Deferred charges and accrued income | 490/1 | €2,224 | €1,764 | -€460 | -20.7% |
| Total equity and liabilities | 10/49 | €782,549 | €949,516 | +€166,967 | +21.3% |
| Equity | 10/15 | €763,107 | €918,108 | +€155,001 | +20.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €716,144 | €871,145 | +€155,001 | +21.6% |
| Distributable reserves | 133 | €716,144 | €871,145 | +€155,001 | +21.6% |
| Profit (loss) carried forward | 14 | €34,563 | €34,563 | = | 0.0% |
| Amounts payable | 17/49 | €19,442 | €31,408 | +€11,966 | +61.5% |
| Amounts payable within one year | 42/48 | €19,442 | €31,408 | +€11,966 | +61.5% |
| Trade debts | 44 | €1,463 | €705 | -€758 | -51.8% |
| Suppliers | 440/4 | €1,463 | €705 | -€758 | -51.8% |
| Taxes, remuneration and social security | 45 | €17,146 | €29,870 | +€12,724 | +74.2% |
| Taxes | 450/3 | €17,146 | €29,870 | +€12,724 | +74.2% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Non-recurring operating income | 76A | €15,500 | €0 | -€15,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,109 | €12,363 | -€746 | -5.7% |
| Other operating charges | 640/8 | €3,997 | €809 | -€3,188 | -79.8% |
| Gross operating margin | 9900 | €295,018 | €357,800 | +€62,782 | +21.3% |
| Operating profit (loss) | 9901 | €277,912 | €344,628 | +€66,717 | +24.0% |
| Financial income | 75/76B | €15,105 | €9,773 | -€5,332 | -35.3% |
| Recurring financial income | 75 | €15,105 | €9,773 | -€5,332 | -35.3% |
| Financial charges | 65/66B | €2,978 | €204 | -€2,774 | -93.2% |
| Recurring financial charges | 65 | €2,978 | €204 | -€2,774 | -93.2% |
| Profit (loss) for the period before taxes | 9903 | €290,039 | €354,197 | +€64,159 | +22.1% |
| Income taxes | 67/77 | €89,201 | €111,167 | +€21,967 | +24.6% |
| Profit (loss) for the period | 9904 | €200,838 | €243,030 | +€42,192 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €200,838 | €243,030 | +€42,192 | +21.0% |
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 3 October 2026 via checked.be.