DR SOFIE VERLINDEN: what changed
What changed
DR SOFIE VERLINDEN
filed annual accounts (NBB)
Net result for the year
€116,286
2024 · €118,451-€2,165
Equity
€528,538
2024 · €450,552+€77,986
Cash
€50,946
2024 · €98,287-€47,341
Balance sheet total
€666,938
2024 · €625,161+€41,777
Largest movements
Assets
- Receivables within one year +€90,205
up €90,205 (+23.1%), from €390,350 to €480,555
of which Other amounts receivable: +€90,294
- Cash -€47,341
down €47,341 (-48.2%), from €98,287 to €50,946
mainly Receivables within one year (-€90,205) and Contributions, distributions and other (-€38,300)
Equity and liabilities
- Reserves +€77,700
up €77,700 (+17.7%), from €437,940 to €515,640
- Debts after one year -€20,528
down €20,528 (-26.0%), from €79,054 to €58,526
- Tax, wage and social debts -€15,584
down €15,584 (-24.7%), from €63,003 to €47,419
Income statement
- Gross operating margin -€13,650
down €13,650 (-6.9%), from €198,297 to €184,647
- Taxes -€8,000
down €8,000 (-14.0%), from €57,033 to €49,033
- Financial income +€4,682
up €4,682 (+38.9%), from €12,042 to €16,724
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€118,451
Gross operating margin
-€13,650
Depreciation
-€561
Other operating charges
-€334
Financial income
+€4,682
Financial charges
-€303
Taxes
+€8,000
Result 2025
€116,286
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€36,034
Investment
-€26,925
Financing
-€56,450
Cash 2024
€98,287
From operations (derived)
+€36,034
Net result for the year
+€116,286
Depreciation
+€29,064
Receivables within one year
-€90,205
Deferred charges and accrued income
-€1,052
Trade debts
-€2,475
Tax, wage and social debts
-€15,584
Investment (derived)
-€26,925
Investment in fixed assets (net)
-€26,925
Financing
-€56,450
Debts after one year
-€20,528
Current portion of long-term debt
+€2,378
Contributions, distributions and other
-€38,300
Cash 2025
€50,946
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €625,161 | €666,938 | +€41,777 | +6.7% |
| Fixed assets | 21/28 | €132,613 | €130,474 | -€2,139 | -1.6% |
| Tangible fixed assets | 22/27 | €132,613 | €130,474 | -€2,139 | -1.6% |
| Land and buildings | 22 | €118,264 | €93,588 | -€24,677 | -20.9% |
| Plant, machinery and equipment | 23 | - | €1,690 | +€1,690 | |
| Furniture and vehicles | 24 | €6,949 | €22,797 | +€15,849 | +228% |
| Other tangible fixed assets | 26 | €7,400 | €12,400 | +€5,000 | +67.6% |
| Current assets | 29/58 | €492,548 | €536,463 | +€43,916 | +8.9% |
| Amounts receivable within one year | 40/41 | €390,350 | €480,555 | +€90,205 | +23.1% |
| Trade receivables | 40 | €67,842 | €67,753 | -€89 | -0.1% |
| Other amounts receivable | 41 | €322,508 | €412,802 | +€90,294 | +28.0% |
| Cash at bank and in hand | 54/58 | €98,287 | €50,946 | -€47,341 | -48.2% |
| Deferred charges and accrued income | 490/1 | €3,911 | €4,963 | +€1,052 | +26.9% |
| Total equity and liabilities | 10/49 | €625,161 | €666,938 | +€41,777 | +6.7% |
| Equity | 10/15 | €450,552 | €528,538 | +€77,986 | +17.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €437,940 | €515,640 | +€77,700 | +17.7% |
| Distributable reserves | 133 | €437,940 | €515,640 | +€77,700 | +17.7% |
| Profit (loss) carried forward | 14 | €212 | €498 | +€286 | +135% |
| Amounts payable | 17/49 | €174,609 | €138,400 | -€36,209 | -20.7% |
| Amounts payable after more than one year | 17 | €79,054 | €58,526 | -€20,528 | -26.0% |
| Financial debts | 170/4 | €79,054 | €58,526 | -€20,528 | -26.0% |
| Amounts payable within one year | 42/48 | €95,555 | €79,874 | -€15,681 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €28,246 | €30,624 | +€2,378 | +8.4% |
| Trade debts | 44 | €4,306 | €1,831 | -€2,475 | -57.5% |
| Suppliers | 440/4 | €4,306 | €1,831 | -€2,475 | -57.5% |
| Taxes, remuneration and social security | 45 | €63,003 | €47,419 | -€15,584 | -24.7% |
| Taxes | 450/3 | €63,003 | €47,419 | -€15,584 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,503 | €29,064 | +€561 | +2.0% |
| Other operating charges | 640/8 | €1,257 | €1,590 | +€334 | +26.6% |
| Gross operating margin | 9900 | €198,297 | €184,647 | -€13,650 | -6.9% |
| Operating profit (loss) | 9901 | €168,538 | €153,993 | -€14,545 | -8.6% |
| Financial income | 75/76B | €12,042 | €16,724 | +€4,682 | +38.9% |
| Recurring financial income | 75 | €12,042 | €16,724 | +€4,682 | +38.9% |
| Financial charges | 65/66B | €5,095 | €5,398 | +€303 | +5.9% |
| Recurring financial charges | 65 | €5,095 | €5,398 | +€303 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €175,484 | €165,319 | -€10,165 | -5.8% |
| Income taxes | 67/77 | €57,033 | €49,033 | -€8,000 | -14.0% |
| Profit (loss) for the period | 9904 | €118,451 | €116,286 | -€2,165 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €118,451 | €116,286 | -€2,165 | -1.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.