Sophie Bourgois: 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 Bourgois
Largest movements
- Cash -€147,690
down €147,690 (-74.0%), from €199,455 to €51,765
mainly Contributions, distributions and other (-€274,000) and Receivables within one year (-€11,423)
- Receivables within one year +€11,423
up €11,423 (+43.8%), from €26,100 to €37,523
of which Other amounts receivable: +€9,970
- Profit (loss) carried forward -€193,918
down €193,918 (-99.7%), from €194,490 to €573
- Other debts +€64,986
up €64,986 (+21,215%), from €306 to €65,292
- Tax, wage and social debts -€6,911
down €6,911 (-19.9%), from €34,777 to €27,865
- Gross operating margin -€8,274
down €8,274 (-7.5%), from €109,680 to €101,406
- Taxes -€2,233
down €2,233 (-10.0%), from €22,263 to €20,030
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 | €231,651 | €94,090 | -€137,561 | -59.4% |
| Formation expenses | 20 | €472 | €240 | -€233 | -49.3% |
| Fixed assets | 21/28 | €3,907 | €2,846 | -€1,061 | -27.2% |
| Tangible fixed assets | 22/27 | €3,907 | €2,846 | -€1,061 | -27.2% |
| Furniture and vehicles | 24 | €3,907 | €2,846 | -€1,061 | -27.2% |
| Current assets | 29/58 | €227,272 | €91,005 | -€136,267 | -60.0% |
| Amounts receivable within one year | 40/41 | €26,100 | €37,523 | +€11,423 | +43.8% |
| Trade receivables | 40 | €26,100 | €27,553 | +€1,453 | +5.6% |
| Other amounts receivable | 41 | - | €9,970 | +€9,970 | |
| Cash at bank and in hand | 54/58 | €199,455 | €51,765 | -€147,690 | -74.0% |
| Deferred charges and accrued income | 490/1 | €1,717 | €1,717 | = | 0.0% |
| Total equity and liabilities | 10/49 | €231,651 | €94,090 | -€137,561 | -59.4% |
| Equity | 10/15 | €194,491 | €574 | -€193,918 | -99.7% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,490 | €573 | -€193,918 | -99.7% |
| Amounts payable | 17/49 | €37,160 | €93,517 | +€56,357 | +152% |
| Amounts payable within one year | 42/48 | €35,443 | €93,517 | +€58,074 | +164% |
| Trade debts | 44 | €360 | €360 | = | 0.0% |
| Suppliers | 440/4 | €360 | €360 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €34,777 | €27,865 | -€6,911 | -19.9% |
| Taxes | 450/3 | €34,777 | €27,865 | -€6,911 | -19.9% |
| Other amounts payable | 47/48 | €306 | €65,292 | +€64,986 | +21,215% |
| Accrued charges and deferred income | 492/3 | €1,717 | - | -€1,717 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €828 | €1,294 | +€466 | +56.3% |
| Gross operating margin | 9900 | €109,680 | €101,406 | -€8,274 | -7.5% |
| Operating profit (loss) | 9901 | €108,852 | €100,112 | -€8,740 | -8.0% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Profit (loss) for the period before taxes | 9903 | €108,854 | €100,112 | -€8,741 | -8.0% |
| Income taxes | 67/77 | €22,263 | €20,030 | -€2,233 | -10.0% |
| Profit (loss) for the period | 9904 | €86,591 | €80,082 | -€6,509 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €86,591 | €80,082 | -€6,509 | -7.5% |
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 22 October 2026 via checked.be.