Sophie HOSTE: 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 HOSTE
Largest movements
- Current investments +€150,000
up €150,000 (+60.0%), from €250,000 to €400,000
- Cash +€17,641
up €17,641 (+8.6%), from €205,119 to €222,761
mainly Other debts (+€362,746) and Net result for the year (+€195,146)
- Other debts +€362,746
up €362,746 (+1,347%), from €26,938 to €389,684
- Profit (loss) carried forward -€164,153
down €164,153 (-100%), from €164,153 to €0
- Tax, wage and social debts -€29,866
down €29,866 (-26.3%), from €113,489 to €83,623
- Gross operating margin +€38,569
up €38,569 (+17.2%), from €224,611 to €263,179
- Taxes +€15,436
up €15,436 (+29.7%), from €52,024 to €67,460
- Depreciation -€7,047
down €7,047 (-88.9%), from €7,931 to €884
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 | €461,221 | €625,783 | +€164,562 | +35.7% |
| Fixed assets | 21/28 | €1,622 | €618 | -€1,004 | -61.9% |
| Tangible fixed assets | 22/27 | €1,622 | €618 | -€1,004 | -61.9% |
| Furniture and vehicles | 24 | €483 | €0 | -€483 | -100% |
| Other tangible fixed assets | 26 | €1,019 | €618 | -€401 | -39.3% |
| Assets under construction and advance payments | 27 | €120 | €0 | -€120 | -100% |
| Current assets | 29/58 | €459,598 | €625,165 | +€165,567 | +36.0% |
| Amounts receivable within one year | 40/41 | €1,027 | €0 | -€1,027 | -100% |
| Trade receivables | 40 | €1,027 | €0 | -€1,027 | -100% |
| Current investments | 50/53 | €250,000 | €400,000 | +€150,000 | +60.0% |
| Cash at bank and in hand | 54/58 | €205,119 | €222,761 | +€17,641 | +8.6% |
| Deferred charges and accrued income | 490/1 | €3,452 | €2,404 | -€1,048 | -30.4% |
| Total equity and liabilities | 10/49 | €461,221 | €625,783 | +€164,562 | +35.7% |
| Equity | 10/15 | €315,650 | €151,496 | -€164,153 | -52.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €136,496 | €136,496 | = | 0.0% |
| Distributable reserves | 133 | €136,496 | €136,496 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,153 | €0 | -€164,153 | -100% |
| Amounts payable | 17/49 | €145,571 | €474,287 | +€328,716 | +226% |
| Amounts payable within one year | 42/48 | €143,444 | €474,287 | +€330,843 | +231% |
| Trade debts | 44 | €3,017 | €980 | -€2,037 | -67.5% |
| Suppliers | 440/4 | €3,017 | €980 | -€2,037 | -67.5% |
| Taxes, remuneration and social security | 45 | €113,489 | €83,623 | -€29,866 | -26.3% |
| Taxes | 450/3 | €113,489 | €83,623 | -€29,866 | -26.3% |
| Other amounts payable | 47/48 | €26,938 | €389,684 | +€362,746 | +1,347% |
| Accrued charges and deferred income | 492/3 | €2,127 | €0 | -€2,127 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,931 | €884 | -€7,047 | -88.9% |
| Other operating charges | 640/8 | €551 | €1,719 | +€1,168 | +212% |
| Gross operating margin | 9900 | €224,611 | €263,179 | +€38,569 | +17.2% |
| Operating profit (loss) | 9901 | €216,129 | €260,577 | +€44,448 | +20.6% |
| Financial income | 75/76B | €2,248 | €4,364 | +€2,117 | +94.2% |
| Recurring financial income | 75 | €2,248 | €4,364 | +€2,117 | +94.2% |
| Financial charges | 65/66B | €2,199 | €2,335 | +€136 | +6.2% |
| Recurring financial charges | 65 | €2,199 | €2,335 | +€136 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €216,177 | €262,606 | +€46,429 | +21.5% |
| Income taxes | 67/77 | €52,024 | €67,460 | +€15,436 | +29.7% |
| Profit (loss) for the period | 9904 | €164,153 | €195,146 | +€30,992 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €164,153 | €195,146 | +€30,992 | +18.9% |
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 19 October 2026 via checked.be.