SOPHIE: 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.
SOPHIE
Largest movements
- Receivables after one year -€22,221
down €22,221 (-20.7%), from €107,117 to €84,897
- Tangible fixed assets -€8,548
down €8,548 (-35.3%), from €24,219 to €15,671
- Cash -€4,172
down €4,172 (-38.9%), from €10,724 to €6,553
mainly Other debts (-€26,826) and Accrued charges and deferred income (-€10,000)
- Other debts -€26,826
no longer reported in 2026 (was €26,826)
- Accrued charges and deferred income -€10,000
no longer reported in 2026 (was €10,000)
- Tax, wage and social debts -€5,256
down €5,256 (-84.3%), from €6,233 to €977
- Reserves +€4,794
up €4,794 (+5.8%), from €82,849 to €87,643
of which Distributable reserves: +€4,794
- Trade debts +€1,911
up €1,911 (+257%), from €743 to €2,654
- Gross operating margin -€13,110
down €13,110 (-46.7%), from €28,046 to €14,936
- Depreciation +€7,123
up €7,123 (+500%), from €1,425 to €8,548
- Taxes -€2,218
down €2,218 (-88.7%), from €2,501 to €283
- Financial charges -€743
down €743 (-81.9%), from €907 to €164
- Other operating charges +€399
up €399 (+53.3%), from €748 to €1,147
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €145,243 | €109,866 | -€35,377 | -24.4% |
| Fixed assets | 21/28 | €24,219 | €15,671 | -€8,548 | -35.3% |
| Tangible fixed assets | 22/27 | €24,219 | €15,671 | -€8,548 | -35.3% |
| Furniture and vehicles | 24 | €24,219 | €15,671 | -€8,548 | -35.3% |
| Current assets | 29/58 | €121,023 | €94,195 | -€26,829 | -22.2% |
| Amounts receivable after more than one year | 29 | €107,117 | €84,897 | -€22,221 | -20.7% |
| Other amounts receivable | 291 | €107,117 | €84,897 | -€22,221 | -20.7% |
| Amounts receivable within one year | 40/41 | €775 | €182 | -€593 | -76.6% |
| Trade receivables | 40 | - | €182 | +€182 | |
| Other amounts receivable | 41 | €775 | - | -€775 | |
| Cash at bank and in hand | 54/58 | €10,724 | €6,553 | -€4,172 | -38.9% |
| Deferred charges and accrued income | 490/1 | €2,408 | €2,564 | +€156 | +6.5% |
| Total equity and liabilities | 10/49 | €145,243 | €109,866 | -€35,377 | -24.4% |
| Equity | 10/15 | €101,441 | €106,235 | +€4,794 | +4.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €82,849 | €87,643 | +€4,794 | +5.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,236 | €19,236 | = | 0.0% |
| Distributable reserves | 133 | €61,753 | €66,547 | +€4,794 | +7.8% |
| Amounts payable | 17/49 | €43,802 | €3,631 | -€40,171 | -91.7% |
| Amounts payable within one year | 42/48 | €33,802 | €3,631 | -€30,171 | -89.3% |
| Trade debts | 44 | €743 | €2,654 | +€1,911 | +257% |
| Suppliers | 440/4 | €743 | €2,654 | +€1,911 | +257% |
| Taxes, remuneration and social security | 45 | €6,233 | €977 | -€5,256 | -84.3% |
| Taxes | 450/3 | €6,233 | €977 | -€5,256 | -84.3% |
| Other amounts payable | 47/48 | €26,826 | - | -€26,826 | |
| Accrued charges and deferred income | 492/3 | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,425 | €8,548 | +€7,123 | +500% |
| Other operating charges | 640/8 | €748 | €1,147 | +€399 | +53.3% |
| Gross operating margin | 9900 | €28,046 | €14,936 | -€13,110 | -46.7% |
| Operating profit (loss) | 9901 | €25,873 | €5,241 | -€20,632 | -79.7% |
| Financial charges | 65/66B | €907 | €164 | -€743 | -81.9% |
| Recurring financial charges | 65 | €907 | €164 | -€743 | -81.9% |
| Profit (loss) for the period before taxes | 9903 | €24,966 | €5,077 | -€19,889 | -79.7% |
| Income taxes | 67/77 | €2,501 | €283 | -€2,218 | -88.7% |
| Profit (loss) for the period | 9904 | €22,465 | €4,794 | -€17,671 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,465 | €4,794 | -€17,671 | -78.7% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.