DR. SOFIE VAN DE POEL: 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 VAN DE POEL
Largest movements
- Tangible fixed assets +€40,416
new in 2025: €40,416
- Cash +€19,578
up €19,578 (+281%), from €6,973 to €26,551
mainly Net result for the year (+€36,150) and Debts after one year (+€32,512)
- Deferred charges and accrued income +€16,310
up €16,310 (+459%), from €3,552 to €19,862
- Current investments +€2,000
new in 2025: €2,000
- Receivables within one year -€1,658
down €1,658 (-5.1%), from €32,273 to €30,615
of which Trade receivables: -€2,665
- Reserves +€36,150
up €36,150 (+115%), from €31,432 to €67,582
- Debts after one year +€32,512
new in 2025: €32,512
- Current portion of long-term debt +€7,780
new in 2025: €7,780
- Gross operating margin +€8,506
up €8,506 (+21.3%), from €39,872 to €48,379
- Depreciation +€2,146
new in 2025: €2,146
- Taxes +€1,152
up €1,152 (+13.9%), from €8,273 to €9,424
- Financial charges +€539
up €539 (+2,694,450%), from €0 to €539
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 | €42,798 | €119,443 | +€76,645 | +179% |
| Fixed assets | 21/28 | - | €40,416 | +€40,416 | |
| Tangible fixed assets | 22/27 | - | €40,416 | +€40,416 | |
| Furniture and vehicles | 24 | - | €40,416 | +€40,416 | |
| Current assets | 29/58 | €42,798 | €79,027 | +€36,229 | +84.7% |
| Amounts receivable within one year | 40/41 | €32,273 | €30,615 | -€1,658 | -5.1% |
| Trade receivables | 40 | €3,273 | €609 | -€2,665 | -81.4% |
| Other amounts receivable | 41 | €29,000 | €30,006 | +€1,006 | +3.5% |
| Current investments | 50/53 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €6,973 | €26,551 | +€19,578 | +281% |
| Deferred charges and accrued income | 490/1 | €3,552 | €19,862 | +€16,310 | +459% |
| Total equity and liabilities | 10/49 | €42,798 | €119,443 | +€76,645 | +179% |
| Equity | 10/15 | €34,432 | €70,582 | +€36,150 | +105% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €31,432 | €67,582 | +€36,150 | +115% |
| Distributable reserves | 133 | €31,432 | €67,582 | +€36,150 | +115% |
| Amounts payable | 17/49 | €8,366 | €48,861 | +€40,495 | +484% |
| Amounts payable after more than one year | 17 | - | €32,512 | +€32,512 | |
| Financial debts | 170/4 | - | €32,512 | +€32,512 | |
| Amounts payable within one year | 42/48 | €8,366 | €16,349 | +€7,983 | +95.4% |
| Current portion of amounts payable after more than one year | 42 | - | €7,780 | +€7,780 | |
| Taxes, remuneration and social security | 45 | €8,273 | €8,273 | = | 0.0% |
| Taxes | 450/3 | €8,273 | €8,273 | = | 0.0% |
| Other amounts payable | 47/48 | €94 | €297 | +€203 | +217% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,146 | +€2,146 | |
| Other operating charges | 640/8 | €168 | €120 | -€48 | -28.6% |
| Gross operating margin | 9900 | €39,872 | €48,379 | +€8,506 | +21.3% |
| Operating profit (loss) | 9901 | €39,704 | €46,113 | +€6,409 | +16.1% |
| Financial charges | 65/66B | €0 | €539 | +€539 | +2,694,450% |
| Recurring financial charges | 65 | €0 | €539 | +€539 | +2,694,450% |
| Profit (loss) for the period before taxes | 9903 | €39,704 | €45,574 | +€5,870 | +14.8% |
| Income taxes | 67/77 | €8,273 | €9,424 | +€1,152 | +13.9% |
| Profit (loss) for the period | 9904 | €31,432 | €36,150 | +€4,718 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,432 | €36,150 | +€4,718 | +15.0% |
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 16 October 2026 via checked.be.