Sofie Dumont: 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.
Sofie Dumont
Largest movements
- Receivables within one year +€104,016
up €104,016 (+52.8%), from €197,178 to €301,194
of which Trade receivables: +€77,515
- Cash -€102,449
down €102,449 (-98.6%), from €103,893 to €1,444
mainly Receivables within one year (-€104,016) and Investment in fixed assets (net) (-€55,688)
- Deferred charges and accrued income +€32,104
up €32,104 (+521%), from €6,160 to €38,265
- Intangible fixed assets +€25,727
up €25,727 (+103%), from €24,991 to €50,717
- Tangible fixed assets -€23,986
down €23,986 (-19.6%), from €122,596 to €98,611
of which Land and buildings: -€17,319
- Debts after one year +€49,928
up €49,928 (+134%), from €37,349 to €87,277
- Reserves +€31,351
up €31,351 (+12.7%), from €247,205 to €278,556
of which Distributable reserves: +€31,351
- Current portion of long-term debt -€19,289
down €19,289 (-29.7%), from €64,961 to €45,671
- Tax, wage and social debts -€18,434
down €18,434 (-23.6%), from €78,146 to €59,712
of which Taxes: -€36,816
- Short-term financial debts +€14,060
up €14,060 (+65.2%), from €21,561 to €35,621
- Gross operating margin -€64,100
down €64,100 (-19.4%), from €329,857 to €265,757
- Taxes -€23,572
down €23,572 (-52.1%), from €45,213 to €21,641
- Staff costs +€8,797
up €8,797 (+6.0%), from €146,405 to €155,202
- Depreciation +€4,430
up €4,430 (+8.9%), from €49,518 to €53,947
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 | €527,483 | €567,395 | +€39,912 | +7.6% |
| Fixed assets | 21/28 | €148,712 | €150,453 | +€1,741 | +1.2% |
| Intangible fixed assets | 21 | €24,991 | €50,717 | +€25,727 | +103% |
| Tangible fixed assets | 22/27 | €122,596 | €98,611 | -€23,986 | -19.6% |
| Land and buildings | 22 | €94,377 | €77,057 | -€17,319 | -18.4% |
| Plant, machinery and equipment | 23 | €7,340 | €5,275 | -€2,065 | -28.1% |
| Furniture and vehicles | 24 | €9,203 | €4,603 | -€4,601 | -50.0% |
| Other tangible fixed assets | 26 | €11,676 | €11,676 | = | 0.0% |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €378,771 | €416,942 | +€38,171 | +10.1% |
| Amounts receivable after more than one year | 29 | €68,239 | €68,239 | = | 0.0% |
| Other amounts receivable | 291 | €68,239 | €68,239 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,300 | €7,800 | +€4,500 | +136% |
| Stocks | 30/36 | €3,300 | €7,800 | +€4,500 | +136% |
| Amounts receivable within one year | 40/41 | €197,178 | €301,194 | +€104,016 | +52.8% |
| Trade receivables | 40 | €114,236 | €191,751 | +€77,515 | +67.9% |
| Other amounts receivable | 41 | €82,942 | €109,443 | +€26,500 | +32.0% |
| Cash at bank and in hand | 54/58 | €103,893 | €1,444 | -€102,449 | -98.6% |
| Deferred charges and accrued income | 490/1 | €6,160 | €38,265 | +€32,104 | +521% |
| Total equity and liabilities | 10/49 | €527,483 | €567,395 | +€39,912 | +7.6% |
| Equity | 10/15 | €259,605 | €290,956 | +€31,351 | +12.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €247,205 | €278,556 | +€31,351 | +12.7% |
| Non-distributable reserves | 130/1 | €2,480 | €2,480 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,480 | €2,480 | = | 0.0% |
| Distributable reserves | 133 | €244,725 | €276,076 | +€31,351 | +12.8% |
| Amounts payable | 17/49 | €267,878 | €276,439 | +€8,561 | +3.2% |
| Amounts payable after more than one year | 17 | €37,349 | €87,277 | +€49,928 | +134% |
| Financial debts | 170/4 | €37,349 | €87,277 | +€49,928 | +134% |
| Amounts payable within one year | 42/48 | €221,529 | €189,163 | -€32,367 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €64,961 | €45,671 | -€19,289 | -29.7% |
| Financial debts | 43 | €21,561 | €35,621 | +€14,060 | +65.2% |
| Credit institutions | 430/8 | €21,561 | €35,621 | +€14,060 | +65.2% |
| Trade debts | 44 | €52,892 | €39,013 | -€13,879 | -26.2% |
| Suppliers | 440/4 | €52,892 | €39,013 | -€13,879 | -26.2% |
| Taxes, remuneration and social security | 45 | €78,146 | €59,712 | -€18,434 | -23.6% |
| Taxes | 450/3 | €71,660 | €34,844 | -€36,816 | -51.4% |
| Remuneration and social security | 454/9 | €6,486 | €24,868 | +€18,382 | +283% |
| Other amounts payable | 47/48 | €3,970 | €9,146 | +€5,176 | +130% |
| Accrued charges and deferred income | 492/3 | €9,000 | €0 | -€9,000 | -100% |
| Remuneration, social security and pensions | 62 | €146,405 | €155,202 | +€8,797 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,518 | €53,947 | +€4,430 | +8.9% |
| Other operating charges | 640/8 | €3,227 | €1,892 | -€1,335 | -41.4% |
| Gross operating margin | 9900 | €329,857 | €265,757 | -€64,100 | -19.4% |
| Operating profit (loss) | 9901 | €130,708 | €54,716 | -€75,992 | -58.1% |
| Financial income | 75/76B | €5,751 | €6,381 | +€630 | +11.0% |
| Recurring financial income | 75 | €5,751 | €6,381 | +€630 | +11.0% |
| Financial charges | 65/66B | €10,137 | €8,105 | -€2,032 | -20.0% |
| Recurring financial charges | 65 | €10,137 | €8,105 | -€2,032 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €126,322 | €52,992 | -€73,330 | -58.1% |
| Income taxes | 67/77 | €45,213 | €21,641 | -€23,572 | -52.1% |
| Profit (loss) for the period | 9904 | €81,109 | €31,351 | -€49,758 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €81,109 | €31,351 | -€49,758 | -61.3% |
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.