DUCAT SOPHIE: what changed
DUCAT SOPHIE
Largest movements
- Cash -€17,297
down €17,297 (-54.6%), from €31,656 to €14,358
mainly Other debts (-€16,050) and Debts after one year (-€13,613)
- Tangible fixed assets -€12,408
down €12,408 (-19.3%), from €64,205 to €51,797
of which Furniture and vehicles: -€10,867
- Receivables within one year +€6,719
up €6,719 (+46.9%), from €14,330 to €21,049
of which Other amounts receivable: +€3,592
- Intangible fixed assets -€2,000
down €2,000 (-22.2%), from €9,000 to €7,000
- Other debts -€16,050
down €16,050 (-73.0%), from €22,000 to €5,950
- Debts after one year -€13,613
down €13,613 (-29.9%), from €45,555 to €31,942
- Profit (loss) carried forward +€6,814
up €6,814 (+41.0%), from €16,604 to €23,418
- Tax, wage and social debts -€2,832
down €2,832 (-73.0%), from €3,882 to €1,050
- Gross operating margin -€18,022
down €18,022 (-31.4%), from €57,406 to €39,384
- Depreciation +€9,993
up €9,993 (+226%), from €4,415 to €14,408
- Taxes -€5,780
down €5,780 (-48.8%), from €11,856 to €6,076
- Financial charges +€1,494
up €1,494 (+88.6%), from €1,686 to €3,180
- Other operating charges +€965
up €965 (+101%), from €953 to €1,918
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,298 | €94,929 | -€25,369 | -21.1% |
| Fixed assets | 21/28 | €73,205 | €58,797 | -€14,408 | -19.7% |
| Intangible fixed assets | 21 | €9,000 | €7,000 | -€2,000 | -22.2% |
| Tangible fixed assets | 22/27 | €64,205 | €51,797 | -€12,408 | -19.3% |
| Furniture and vehicles | 24 | €53,374 | €42,507 | -€10,867 | -20.4% |
| Other tangible fixed assets | 26 | €10,831 | €9,291 | -€1,541 | -14.2% |
| Current assets | 29/58 | €47,093 | €36,132 | -€10,961 | -23.3% |
| Amounts receivable within one year | 40/41 | €14,330 | €21,049 | +€6,719 | +46.9% |
| Trade receivables | 40 | €11,079 | €14,205 | +€3,127 | +28.2% |
| Other amounts receivable | 41 | €3,252 | €6,844 | +€3,592 | +110% |
| Cash at bank and in hand | 54/58 | €31,656 | €14,358 | -€17,297 | -54.6% |
| Deferred charges and accrued income | 490/1 | €1,107 | €724 | -€383 | -34.6% |
| Total equity and liabilities | 10/49 | €120,298 | €94,929 | -€25,369 | -21.1% |
| Equity | 10/15 | €20,104 | €26,918 | +€6,814 | +33.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,604 | €23,418 | +€6,814 | +41.0% |
| Amounts payable | 17/49 | €100,194 | €68,011 | -€32,183 | -32.1% |
| Amounts payable after more than one year | 17 | €45,555 | €31,942 | -€13,613 | -29.9% |
| Financial debts | 170/4 | €45,555 | €31,942 | -€13,613 | -29.9% |
| Amounts payable within one year | 42/48 | €54,514 | €36,069 | -€18,445 | -33.8% |
| Current portion of amounts payable after more than one year | 42 | €24,909 | €25,613 | +€704 | +2.8% |
| Trade debts | 44 | €3,723 | €3,456 | -€267 | -7.2% |
| Suppliers | 440/4 | €3,723 | €3,456 | -€267 | -7.2% |
| Taxes, remuneration and social security | 45 | €3,882 | €1,050 | -€2,832 | -73.0% |
| Taxes | 450/3 | €3,882 | €1,050 | -€2,832 | -73.0% |
| Other amounts payable | 47/48 | €22,000 | €5,950 | -€16,050 | -73.0% |
| Accrued charges and deferred income | 492/3 | €125 | - | -€125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,415 | €14,408 | +€9,993 | +226% |
| Other operating charges | 640/8 | €953 | €1,918 | +€965 | +101% |
| Gross operating margin | 9900 | €57,406 | €39,384 | -€18,022 | -31.4% |
| Operating profit (loss) | 9901 | €52,038 | €23,058 | -€28,980 | -55.7% |
| Financial income | 75/76B | €2 | €11 | +€9 | +382% |
| Recurring financial income | 75 | €2 | €11 | +€9 | +382% |
| Financial charges | 65/66B | €1,686 | €3,180 | +€1,494 | +88.6% |
| Recurring financial charges | 65 | €1,686 | €3,180 | +€1,494 | +88.6% |
| Profit (loss) for the period before taxes | 9903 | €50,354 | €19,890 | -€30,465 | -60.5% |
| Income taxes | 67/77 | €11,856 | €6,076 | -€5,780 | -48.8% |
| Profit (loss) for the period | 9904 | €38,499 | €13,814 | -€24,685 | -64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,499 | €13,814 | -€24,685 | -64.1% |
Next steps
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 6 November 2026 via checked.be.