SOFIE DECLERCK: what changed
Two fiscal 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.
SOFIE DECLERCK
Largest movements
- Deferred charges and accrued income +€93,153
up €93,153 (+453.8%), from €20,529 to €113,682
- Cash -€44,997
down €44,997 (-45.3%), from €99,415 to €54,418
mainly Contributions, distributions and other (-€102,099) and Deferred charges and accrued income (-€93,153)
- Tangible fixed assets +€24,611
up €24,611 (+2223.9%), from €1,107 to €25,717
of which Other tangible fixed assets: +€22,001
- Receivables within one year +€7,763
up €7,763 (+863.6%), from €899 to €8,662
of which Other amounts receivable: +€7,644
- Other debts +€95,079
up €95,079 (+836.8%), from €11,362 to €106,441
- Reserves -€22,900
down €22,900 (-22.4%), from €102,099 to €79,199
- Trade debts +€3,624
up €3,624 (+125.5%), from €2,888 to €6,513
- Accrued charges and deferred income +€2,591
new in 2025: €2,591
- Tax, wage and social debts +€2,135
up €2,135 (+355.8%), from €600 to €2,736
- Gross operating margin -€23,489
down €23,489 (-17.6%), from €133,276 to €109,787
- Taxes -€8,665
down €8,665 (-27.9%), from €31,022 to €22,356
- Financial charges +€5,315
up €5,315 (+10027.6%), from €53 to €5,368
- Financial income -€1,414
no longer reported in 2025 (was €1,414)
- Depreciation +€1,346
up €1,346 (+96.8%), from €1,390 to €2,736
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.
Cash bridge derived
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 | €121,949 | €202,479 | +€80,530 | +66.0% |
| Fixed assets | 21/28 | €1,107 | €25,717 | +€24,611 | +2223.9% |
| Tangible fixed assets | 22/27 | €1,107 | €25,717 | +€24,611 | +2223.9% |
| Plant, machinery and equipment | 23 | €603 | - | -€603 | |
| Furniture and vehicles | 24 | €504 | €3,716 | +€3,212 | +637.5% |
| Other tangible fixed assets | 26 | - | €22,001 | +€22,001 | |
| Current assets | 29/58 | €120,842 | €176,762 | +€55,919 | +46.3% |
| Amounts receivable within one year | 40/41 | €899 | €8,662 | +€7,763 | +863.6% |
| Trade receivables | 40 | €899 | €1,019 | +€120 | +13.3% |
| Other amounts receivable | 41 | - | €7,644 | +€7,644 | |
| Cash at bank and in hand | 54/58 | €99,415 | €54,418 | -€44,997 | -45.3% |
| Deferred charges and accrued income | 490/1 | €20,529 | €113,682 | +€93,153 | +453.8% |
| Total equity and liabilities | 10/49 | €121,949 | €202,479 | +€80,530 | +66.0% |
| Equity | 10/15 | €107,099 | €84,199 | -€22,900 | -21.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €102,099 | €79,199 | -€22,900 | -22.4% |
| Distributable reserves | 133 | €102,099 | €79,199 | -€22,900 | -22.4% |
| Amounts payable | 17/49 | €14,850 | €118,280 | +€103,430 | +696.5% |
| Amounts payable within one year | 42/48 | €14,850 | €115,689 | +€100,839 | +679.0% |
| Trade debts | 44 | €2,888 | €6,513 | +€3,624 | +125.5% |
| Suppliers | 440/4 | €2,888 | €6,513 | +€3,624 | +125.5% |
| Taxes, remuneration and social security | 45 | €600 | €2,736 | +€2,135 | +355.8% |
| Taxes | 450/3 | €600 | €2,736 | +€2,135 | +355.8% |
| Other amounts payable | 47/48 | €11,362 | €106,441 | +€95,079 | +836.8% |
| Accrued charges and deferred income | 492/3 | - | €2,591 | +€2,591 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,390 | €2,736 | +€1,346 | +96.8% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €133,276 | €109,787 | -€23,489 | -17.6% |
| Operating profit (loss) | 9901 | €131,760 | €106,923 | -€24,837 | -18.9% |
| Financial income | 75/76B | €1,414 | - | -€1,414 | |
| Recurring financial income | 75 | €1,414 | - | -€1,414 | |
| Financial charges | 65/66B | €53 | €5,368 | +€5,315 | +10027.6% |
| Recurring financial charges | 65 | €53 | €5,368 | +€5,315 | +10027.6% |
| Profit (loss) for the period before taxes | 9903 | €133,121 | €101,555 | -€31,565 | -23.7% |
| Income taxes | 67/77 | €31,022 | €22,356 | -€8,665 | -27.9% |
| Profit (loss) for the period | 9904 | €102,099 | €79,199 | -€22,900 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €102,099 | €79,199 | -€22,900 | -22.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.