SOFIE VERDONCK: 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 VERDONCK
Largest movements
- Cash -€24,633
down €24,633 (-25.8%), from €95,509 to €70,876
mainly Investment in fixed assets (net) (-€51,178) and Debts after one year (-€22,541)
- Tangible fixed assets +€12,908
up €12,908 (+5.6%), from €231,779 to €244,687
of which Furniture and vehicles: +€38,296
- Receivables within one year -€6,603
down €6,603 (-77.8%), from €8,484 to €1,881
of which Trade receivables: -€7,923
- Debts after one year -€22,541
down €22,541 (-8.1%), from €279,667 to €257,126
- Gross operating margin -€28,009
down €28,009 (-37.0%), from €75,649 to €47,640
- Depreciation -€8,207
down €8,207 (-17.7%), from €46,477 to €38,270
- Financial charges -€5,749
down €5,749 (-45.1%), from €12,737 to €6,988
- Taxes -€3,262
down €3,262 (-94.8%), from €3,440 to €177
- Other operating charges -€1,369
down €1,369 (-31.9%), from €4,297 to €2,928
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €336,384 | €320,642 | -€15,742 | -4.7% |
| Fixed assets | 21/28 | €231,779 | €244,687 | +€12,908 | +5.6% |
| Tangible fixed assets | 22/27 | €231,779 | €244,687 | +€12,908 | +5.6% |
| Land and buildings | 22 | €231,472 | €206,211 | -€25,261 | -10.9% |
| Plant, machinery and equipment | 23 | €308 | €180 | -€128 | -41.5% |
| Furniture and vehicles | 24 | - | €38,296 | +€38,296 | |
| Current assets | 29/58 | €104,605 | €75,955 | -€28,650 | -27.4% |
| Amounts receivable within one year | 40/41 | €8,484 | €1,881 | -€6,603 | -77.8% |
| Trade receivables | 40 | €7,923 | €0 | -€7,923 | -100.0% |
| Other amounts receivable | 41 | €560 | €1,881 | +€1,321 | +235.7% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €95,509 | €70,876 | -€24,633 | -25.8% |
| Deferred charges and accrued income | 490/1 | €612 | €3,198 | +€2,585 | +422.3% |
| Total equity and liabilities | 10/49 | €336,384 | €320,642 | -€15,742 | -4.7% |
| Equity | 10/15 | €33,496 | €32,780 | -€716 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,896 | €14,896 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €13,036 | €13,036 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€716 | -€716 | |
| Amounts payable | 17/49 | €302,888 | €287,862 | -€15,026 | -5.0% |
| Amounts payable after more than one year | 17 | €279,667 | €257,126 | -€22,541 | -8.1% |
| Financial debts | 170/4 | €279,667 | €257,126 | -€22,541 | -8.1% |
| Amounts payable within one year | 42/48 | €23,221 | €30,736 | +€7,514 | +32.4% |
| Current portion of amounts payable after more than one year | 42 | €17,612 | €20,533 | +€2,921 | +16.6% |
| Financial debts | 43 | - | €409 | +€409 | |
| Credit institutions | 430/8 | - | €194 | +€194 | |
| Other loans | 439 | - | €215 | +€215 | |
| Trade debts | 44 | €2,479 | €4,240 | +€1,761 | +71.0% |
| Suppliers | 440/4 | €2,479 | €4,240 | +€1,761 | +71.0% |
| Taxes, remuneration and social security | 45 | €2,337 | €3,276 | +€939 | +40.2% |
| Taxes | 450/3 | €2,337 | €3,276 | +€939 | +40.2% |
| Other amounts payable | 47/48 | €793 | €2,277 | +€1,484 | +187.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,477 | €38,270 | -€8,207 | -17.7% |
| Other operating charges | 640/8 | €4,297 | €2,928 | -€1,369 | -31.9% |
| Gross operating margin | 9900 | €75,649 | €47,640 | -€28,009 | -37.0% |
| Operating profit (loss) | 9901 | €24,875 | €6,442 | -€18,433 | -74.1% |
| Financial income | 75/76B | €251 | €8 | -€243 | -96.9% |
| Recurring financial income | 75 | €251 | €8 | -€243 | -96.9% |
| Financial charges | 65/66B | €12,737 | €6,988 | -€5,749 | -45.1% |
| Recurring financial charges | 65 | €12,737 | €6,988 | -€5,749 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €12,389 | -€538 | -€12,927 | |
| Income taxes | 67/77 | €3,440 | €177 | -€3,262 | -94.8% |
| Profit (loss) for the period | 9904 | €8,950 | -€716 | -€9,665 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,950 | -€716 | -€9,665 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.