Sofie Vanneste: 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 Vanneste
Largest movements
- Receivables within one year +€143,255
up €143,255 (+450%), from €31,816 to €175,071
of which Other amounts receivable: +€142,825
- Tangible fixed assets -€9,880
down €9,880 (-10.6%), from €93,403 to €83,524
of which Furniture and vehicles: -€13,557
- Debts after one year +€123,601
up €123,601 (+205%), from €60,265 to €183,866
- Reserves +€8,319
up €8,319 (+8.0%), from €104,617 to €112,936
- Depreciation -€7,318
down €7,318 (-35.1%), from €20,875 to €13,557
- Gross operating margin +€2,421
up €2,421 (+6.3%), from €38,604 to €41,024
- Taxes +€1,912
up €1,912 (+47.7%), from €4,011 to €5,923
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 | €190,635 | €323,512 | +€132,877 | +69.7% |
| Fixed assets | 21/28 | €93,403 | €83,524 | -€9,880 | -10.6% |
| Tangible fixed assets | 22/27 | €93,403 | €83,524 | -€9,880 | -10.6% |
| Land and buildings | 22 | €50,000 | €50,000 | = | 0.0% |
| Furniture and vehicles | 24 | €43,403 | €29,846 | -€13,557 | -31.2% |
| Other tangible fixed assets | 26 | - | €3,678 | +€3,678 | |
| Current assets | 29/58 | €97,231 | €239,988 | +€142,757 | +147% |
| Amounts receivable after more than one year | 29 | €32,306 | €33,094 | +€788 | +2.4% |
| Other amounts receivable | 291 | €32,306 | €33,094 | +€788 | +2.4% |
| Amounts receivable within one year | 40/41 | €31,816 | €175,071 | +€143,255 | +450% |
| Trade receivables | 40 | €12,494 | €12,924 | +€430 | +3.4% |
| Other amounts receivable | 41 | €19,321 | €162,146 | +€142,825 | +739% |
| Cash at bank and in hand | 54/58 | €32,586 | €30,579 | -€2,007 | -6.2% |
| Deferred charges and accrued income | 490/1 | €523 | €1,244 | +€722 | +138% |
| Total equity and liabilities | 10/49 | €190,635 | €323,512 | +€132,877 | +69.7% |
| Equity | 10/15 | €107,617 | €115,936 | +€8,319 | +7.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €104,617 | €112,936 | +€8,319 | +8.0% |
| Distributable reserves | 133 | €104,617 | €112,936 | +€8,319 | +8.0% |
| Amounts payable | 17/49 | €83,017 | €207,576 | +€124,559 | +150% |
| Amounts payable after more than one year | 17 | €60,265 | €183,866 | +€123,601 | +205% |
| Financial debts | 170/4 | €60,265 | €183,866 | +€123,601 | +205% |
| Amounts payable within one year | 42/48 | €22,753 | €23,701 | +€948 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €16,030 | €16,399 | +€368 | +2.3% |
| Trade debts | 44 | €4,413 | €4,079 | -€334 | -7.6% |
| Suppliers | 440/4 | €4,413 | €4,079 | -€334 | -7.6% |
| Taxes, remuneration and social security | 45 | €2,309 | €3,223 | +€914 | +39.6% |
| Taxes | 450/3 | €2,309 | €3,223 | +€914 | +39.6% |
| Accrued charges and deferred income | 492/3 | - | €9 | +€9 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,875 | €13,557 | -€7,318 | -35.1% |
| Other operating charges | 640/8 | €593 | €711 | +€117 | +19.7% |
| Gross operating margin | 9900 | €38,604 | €41,024 | +€2,421 | +6.3% |
| Operating profit (loss) | 9901 | €17,135 | €26,756 | +€9,622 | +56.2% |
| Financial income | 75/76B | €1,615 | €1,725 | +€110 | +6.8% |
| Recurring financial income | 75 | €1,615 | €1,725 | +€110 | +6.8% |
| Financial charges | 65/66B | €2,818 | €2,475 | -€343 | -12.2% |
| Recurring financial charges | 65 | €2,818 | €2,475 | -€343 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €15,932 | €26,006 | +€10,074 | +63.2% |
| Income taxes | 67/77 | €4,011 | €5,923 | +€1,912 | +47.7% |
| Profit (loss) for the period | 9904 | €11,921 | €20,083 | +€8,162 | +68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,921 | €20,083 | +€8,162 | +68.5% |
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 13 October 2026 via checked.be.