DR. SOFIE SIMONS: 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 SIMONS
Largest movements
- Receivables within one year -€17,754
down €17,754 (-54.3%), from €32,684 to €14,930
of which Other amounts receivable: -€13,388
- Cash -€11,423
down €11,423 (-12.8%), from €89,210 to €77,787
mainly Other debts (-€59,500) and Accrued charges and deferred income (-€2,561)
- Tangible fixed assets -€5,252
down €5,252 (-47.7%), from €11,007 to €5,755
of which Furniture and vehicles: -€3,911
- Other debts -€59,500
down €59,500 (-99.8%), from €59,648 to €149
- Reserves +€33,900
up €33,900 (+72.6%), from €46,711 to €80,611
- Accrued charges and deferred income -€2,561
down €2,561 (-84.5%), from €3,032 to €471
- Current portion of long-term debt -€2,235
no longer reported in 2025 (was €2,235)
- Tax, wage and social debts -€1,879
down €1,879 (-50.0%), from €3,758 to €1,879
- Gross operating margin -€9,938
down €9,938 (-15.9%), from €62,414 to €52,476
- Depreciation -€6,045
down €6,045 (-46.6%), from €12,979 to €6,934
- Financial charges -€2,520
down €2,520 (-77.4%), from €3,257 to €737
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 | €134,963 | €101,825 | -€33,137 | -24.6% |
| Fixed assets | 21/28 | €12,007 | €6,755 | -€5,252 | -43.7% |
| Tangible fixed assets | 22/27 | €11,007 | €5,755 | -€5,252 | -47.7% |
| Land and buildings | 22 | €6,495 | €5,153 | -€1,342 | -20.7% |
| Furniture and vehicles | 24 | €4,512 | €602 | -€3,911 | -86.7% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €122,956 | €95,070 | -€27,885 | -22.7% |
| Amounts receivable within one year | 40/41 | €32,684 | €14,930 | -€17,754 | -54.3% |
| Trade receivables | 40 | €17,456 | €13,090 | -€4,366 | -25.0% |
| Other amounts receivable | 41 | €15,227 | €1,840 | -€13,388 | -87.9% |
| Cash at bank and in hand | 54/58 | €89,210 | €77,787 | -€11,423 | -12.8% |
| Deferred charges and accrued income | 490/1 | €1,062 | €2,353 | +€1,291 | +121.6% |
| Total equity and liabilities | 10/49 | €134,963 | €101,825 | -€33,137 | -24.6% |
| Equity | 10/15 | €65,311 | €99,211 | +€33,900 | +51.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,711 | €80,611 | +€33,900 | +72.6% |
| Distributable reserves | 133 | €46,711 | €80,611 | +€33,900 | +72.6% |
| Amounts payable | 17/49 | €69,651 | €2,614 | -€67,037 | -96.2% |
| Amounts payable within one year | 42/48 | €66,619 | €2,143 | -€64,476 | -96.8% |
| Current portion of amounts payable after more than one year | 42 | €2,235 | - | -€2,235 | |
| Trade debts | 44 | €978 | €115 | -€863 | -88.2% |
| Suppliers | 440/4 | €978 | €115 | -€863 | -88.2% |
| Taxes, remuneration and social security | 45 | €3,758 | €1,879 | -€1,879 | -50.0% |
| Taxes | 450/3 | €3,758 | €1,879 | -€1,879 | -50.0% |
| Other amounts payable | 47/48 | €59,648 | €149 | -€59,500 | -99.8% |
| Accrued charges and deferred income | 492/3 | €3,032 | €471 | -€2,561 | -84.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,979 | €6,934 | -€6,045 | -46.6% |
| Other operating charges | 640/8 | €882 | €900 | +€18 | +2.1% |
| Gross operating margin | 9900 | €62,414 | €52,476 | -€9,938 | -15.9% |
| Operating profit (loss) | 9901 | €48,553 | €44,641 | -€3,912 | -8.1% |
| Financial income | 75/76B | €151 | - | -€151 | |
| Recurring financial income | 75 | €151 | - | -€151 | |
| Financial charges | 65/66B | €3,257 | €737 | -€2,520 | -77.4% |
| Recurring financial charges | 65 | €3,257 | €737 | -€2,520 | -77.4% |
| Profit (loss) for the period before taxes | 9903 | €45,447 | €43,904 | -€1,543 | -3.4% |
| Income taxes | 67/77 | €10,233 | €10,004 | -€229 | -2.2% |
| Profit (loss) for the period | 9904 | €35,214 | €33,900 | -€1,314 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,214 | €33,900 | -€1,314 | -3.7% |
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 30 September 2026 via checked.be.