SOFIAN MILAD: 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.
SOFIAN MILAD
Largest movements
- Receivables within one year +€99,671
up €99,671 (+34,845%), from €286 to €99,957
- Tangible fixed assets +€85,883
new in 2025: €85,883
- Cash +€8,526
up €8,526 (+1.9%), from €458,819 to €467,345
mainly Net result for the year (+€206,945) and Depreciation (+€3,263)
- Reserves +€206,945
up €206,945 (+51.3%), from €403,631 to €610,576
- Tax, wage and social debts -€9,131
down €9,131 (-23.7%), from €38,513 to €29,382
- Gross operating margin +€22,173
up €22,173 (+8.7%), from €253,985 to €276,158
- Taxes +€5,143
up €5,143 (+8.6%), from €59,714 to €64,857
- Depreciation +€3,263
new in 2025: €3,263
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 | €459,886 | €655,418 | +€195,532 | +42.5% |
| Fixed assets | 21/28 | - | €85,883 | +€85,883 | |
| Tangible fixed assets | 22/27 | - | €85,883 | +€85,883 | |
| Furniture and vehicles | 24 | - | €85,883 | +€85,883 | |
| Current assets | 29/58 | €459,886 | €569,535 | +€109,649 | +23.8% |
| Amounts receivable within one year | 40/41 | €286 | €99,957 | +€99,671 | +34,845% |
| Other amounts receivable | 41 | €286 | €99,957 | +€99,671 | +34,845% |
| Cash at bank and in hand | 54/58 | €458,819 | €467,345 | +€8,526 | +1.9% |
| Deferred charges and accrued income | 490/1 | €780 | €2,232 | +€1,452 | +186% |
| Total equity and liabilities | 10/49 | €459,886 | €655,418 | +€195,532 | +42.5% |
| Equity | 10/15 | €418,631 | €625,576 | +€206,945 | +49.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €403,631 | €610,576 | +€206,945 | +51.3% |
| Distributable reserves | 133 | €403,631 | €610,576 | +€206,945 | +51.3% |
| Amounts payable | 17/49 | €41,255 | €29,841 | -€11,413 | -27.7% |
| Amounts payable within one year | 42/48 | €41,255 | €29,841 | -€11,413 | -27.7% |
| Trade debts | 44 | €1,133 | €460 | -€673 | -59.4% |
| Suppliers | 440/4 | €1,133 | €460 | -€673 | -59.4% |
| Taxes, remuneration and social security | 45 | €38,513 | €29,382 | -€9,131 | -23.7% |
| Taxes | 450/3 | €38,513 | €29,382 | -€9,131 | -23.7% |
| Other amounts payable | 47/48 | €1,609 | €0 | -€1,609 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,263 | +€3,263 | |
| Other operating charges | 640/8 | €730 | €2,461 | +€1,731 | +237% |
| Gross operating margin | 9900 | €253,985 | €276,158 | +€22,173 | +8.7% |
| Operating profit (loss) | 9901 | €253,255 | €270,434 | +€17,179 | +6.8% |
| Financial income | 75/76B | €0 | €1,661 | +€1,661 | |
| Recurring financial income | 75 | €0 | €1,661 | +€1,661 | |
| Financial charges | 65/66B | €478 | €293 | -€185 | -38.7% |
| Recurring financial charges | 65 | €478 | €293 | -€185 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €252,777 | €271,802 | +€19,025 | +7.5% |
| Income taxes | 67/77 | €59,714 | €64,857 | +€5,143 | +8.6% |
| Profit (loss) for the period | 9904 | €193,063 | €206,945 | +€13,882 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €193,063 | €206,945 | +€13,882 | +7.2% |
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 14 October 2026 via checked.be.