Dr. Sofie Ryckx: 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 Ryckx
Largest movements
- Cash -€109,299
down €109,299 (-84.3%), from €129,704 to €20,405
mainly Contributions, distributions and other (-€242,000) and Tax, wage and social debts (-€4,431)
- Financial fixed assets -€35,403
down €35,403 (-40.7%), from €87,091 to €51,688
- Tangible fixed assets -€7,442
down €7,442 (-13.5%), from €55,241 to €47,799
of which Furniture and vehicles: -€5,217
- Reserves -€146,000
down €146,000 (-60.3%), from €242,000 to €96,000
- Tax, wage and social debts -€4,431
down €4,431 (-32.7%), from €13,543 to €9,113
of which Taxes: -€3,229
- Gross operating margin -€23,442
down €23,442 (-15.3%), from €153,585 to €130,143
- Taxes -€6,853
down €6,853 (-20.8%), from €32,998 to €26,145
- Depreciation +€1,786
up €1,786 (+26.7%), from €6,681 to €8,467
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.
Derived cash bridge
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 | €275,238 | €124,215 | -€151,023 | -54.9% |
| Fixed assets | 21/28 | €142,331 | €99,487 | -€42,845 | -30.1% |
| Tangible fixed assets | 22/27 | €55,241 | €47,799 | -€7,442 | -13.5% |
| Plant, machinery and equipment | 23 | €2,265 | €5,041 | +€2,776 | +123% |
| Furniture and vehicles | 24 | €6,627 | €1,410 | -€5,217 | -78.7% |
| Other tangible fixed assets | 26 | €46,349 | €41,349 | -€5,000 | -10.8% |
| Financial fixed assets | 28 | €87,091 | €51,688 | -€35,403 | -40.7% |
| Current assets | 29/58 | €132,907 | €24,728 | -€108,179 | -81.4% |
| Cash at bank and in hand | 54/58 | €129,704 | €20,405 | -€109,299 | -84.3% |
| Deferred charges and accrued income | 490/1 | €3,202 | €4,323 | +€1,120 | +35.0% |
| Total equity and liabilities | 10/49 | €275,238 | €124,215 | -€151,023 | -54.9% |
| Equity | 10/15 | €261,291 | €114,970 | -€146,321 | -56.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €242,000 | €96,000 | -€146,000 | -60.3% |
| Distributable reserves | 133 | €242,000 | €96,000 | -€146,000 | -60.3% |
| Profit (loss) carried forward | 14 | €691 | €370 | -€321 | -46.5% |
| Amounts payable | 17/49 | €13,946 | €9,244 | -€4,702 | -33.7% |
| Amounts payable within one year | 42/48 | €13,946 | €9,244 | -€4,702 | -33.7% |
| Trade debts | 44 | €403 | €132 | -€271 | -67.3% |
| Suppliers | 440/4 | €403 | €132 | -€271 | -67.3% |
| Taxes, remuneration and social security | 45 | €13,543 | €9,113 | -€4,431 | -32.7% |
| Taxes | 450/3 | €9,000 | €5,771 | -€3,229 | -35.9% |
| Remuneration and social security | 454/9 | €4,543 | €3,341 | -€1,202 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,681 | €8,467 | +€1,786 | +26.7% |
| Other operating charges | 640/8 | €601 | €973 | +€371 | +61.7% |
| Gross operating margin | 9900 | €153,585 | €130,143 | -€23,442 | -15.3% |
| Operating profit (loss) | 9901 | €146,303 | €120,704 | -€25,599 | -17.5% |
| Financial income | 75/76B | €1,333 | €1,506 | +€172 | +12.9% |
| Recurring financial income | 75 | €1,333 | €1,506 | +€172 | +12.9% |
| Financial charges | 65/66B | €348 | €385 | +€37 | +10.6% |
| Recurring financial charges | 65 | €348 | €385 | +€37 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €147,288 | €121,824 | -€25,463 | -17.3% |
| Income taxes | 67/77 | €32,998 | €26,145 | -€6,853 | -20.8% |
| Profit (loss) for the period | 9904 | €114,289 | €95,679 | -€18,610 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €114,289 | €95,679 | -€18,610 | -16.3% |
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 14 October 2026 via checked.be.