FREDERIK SOFFERS: 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.
FREDERIK SOFFERS
Largest movements
- Receivables within one year +€21,090
new in 2025: €21,090
of which Other amounts receivable: +€16,951
- Reserves +€17,854
up €17,854 (+10.2%), from €175,538 to €193,392
- Tax, wage and social debts +€15,785
up €15,785 (+761%), from €2,073 to €17,859
- Trade debts -€13,160
down €13,160 (-82.4%), from €15,964 to €2,804
of which Bills of exchange payable: -€15,640
- Gross operating margin +€113,721
up €113,721 (+148%), from €76,943 to €190,664
- Taxes +€27,808
up €27,808 (+173%), from €16,051 to €43,859
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 | €202,375 | €221,555 | +€19,181 | +9.5% |
| Fixed assets | 21/28 | €4,000 | €2,074 | -€1,926 | -48.1% |
| Tangible fixed assets | 22/27 | €4,000 | €2,074 | -€1,926 | -48.1% |
| Plant, machinery and equipment | 23 | €4,000 | €2,074 | -€1,926 | -48.1% |
| Current assets | 29/58 | €198,375 | €219,481 | +€21,106 | +10.6% |
| Amounts receivable within one year | 40/41 | - | €21,090 | +€21,090 | |
| Trade receivables | 40 | - | €4,139 | +€4,139 | |
| Other amounts receivable | 41 | - | €16,951 | +€16,951 | |
| Cash at bank and in hand | 54/58 | €198,375 | €198,392 | +€17 | 0.0% |
| Total equity and liabilities | 10/49 | €202,375 | €221,555 | +€19,181 | +9.5% |
| Equity | 10/15 | €183,038 | €200,892 | +€17,854 | +9.8% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €175,538 | €193,392 | +€17,854 | +10.2% |
| Distributable reserves | 133 | €175,538 | €193,392 | +€17,854 | +10.2% |
| Amounts payable | 17/49 | €19,336 | €20,663 | +€1,327 | +6.9% |
| Amounts payable within one year | 42/48 | €18,038 | €20,663 | +€2,625 | +14.6% |
| Trade debts | 44 | €15,964 | €2,804 | -€13,160 | -82.4% |
| Suppliers | 440/4 | €325 | €2,804 | +€2,480 | +764% |
| Bills of exchange payable | 441 | €15,640 | - | -€15,640 | |
| Taxes, remuneration and social security | 45 | €2,073 | €17,859 | +€15,785 | +761% |
| Taxes | 450/3 | €2,073 | €17,859 | +€15,785 | +761% |
| Accrued charges and deferred income | 492/3 | €1,298 | - | -€1,298 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,926 | €1,926 | = | 0.0% |
| Other operating charges | 640/8 | €1,754 | €676 | -€1,078 | -61.4% |
| Gross operating margin | 9900 | €76,943 | €190,664 | +€113,721 | +148% |
| Operating profit (loss) | 9901 | €73,263 | €188,062 | +€114,799 | +157% |
| Financial charges | 65/66B | €1,892 | €2,747 | +€854 | +45.1% |
| Recurring financial charges | 65 | €1,892 | €2,747 | +€854 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €71,371 | €185,315 | +€113,944 | +160% |
| Income taxes | 67/77 | €16,051 | €43,859 | +€27,808 | +173% |
| Profit (loss) for the period | 9904 | €55,320 | €141,456 | +€86,137 | +156% |
| Profit (loss) for the period to be appropriated | 9905 | €55,320 | €141,456 | +€86,137 | +156% |
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 20 October 2026 via checked.be.