Sophie M.E. Steels: 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 M.E. Steels
Largest movements
- Cash +€48,606
up €48,606 (+77.0%), from €63,146 to €111,752
mainly Net result for the year (+€54,045) and Receivables within one year (+€6,655)
- Current investments +€11,000
new in 2025: €11,000
- Receivables within one year -€6,655
down €6,655 (-100.0%), from €6,655 to €0
- Deferred charges and accrued income +€5,681
up €5,681 (+397.6%), from €1,429 to €7,110
- Reserves +€54,045
up €54,045 (+117.4%), from €46,044 to €100,088
- Other debts +€2,775
up €2,775 (+56.5%), from €4,912 to €7,687
- Tax, wage and social debts +€1,927
up €1,927 (+12.6%), from €15,274 to €17,201
- Gross operating margin +€11,822
up €11,822 (+20.0%), from €58,971 to €70,792
- Taxes +€1,927
up €1,927 (+15.1%), from €12,724 to €14,651
- Financial charges +€1,691
up €1,691 (+4249.8%), from €40 to €1,731
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.
Cash bridge derived
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 | €71,230 | €130,087 | +€58,857 | +82.6% |
| Fixed assets | 21/28 | - | €225 | +€225 | |
| Financial fixed assets | 28 | - | €225 | +€225 | |
| Current assets | 29/58 | €71,230 | €129,862 | +€58,632 | +82.3% |
| Amounts receivable within one year | 40/41 | €6,655 | €0 | -€6,655 | -100.0% |
| Trade receivables | 40 | €6,655 | €0 | -€6,655 | -100.0% |
| Current investments | 50/53 | - | €11,000 | +€11,000 | |
| Cash at bank and in hand | 54/58 | €63,146 | €111,752 | +€48,606 | +77.0% |
| Deferred charges and accrued income | 490/1 | €1,429 | €7,110 | +€5,681 | +397.6% |
| Total equity and liabilities | 10/49 | €71,230 | €130,087 | +€58,857 | +82.6% |
| Equity | 10/15 | €51,044 | €105,088 | +€54,045 | +105.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €46,044 | €100,088 | +€54,045 | +117.4% |
| Distributable reserves | 133 | €46,044 | €100,088 | +€54,045 | +117.4% |
| Amounts payable | 17/49 | €20,186 | €24,998 | +€4,812 | +23.8% |
| Amounts payable within one year | 42/48 | €20,186 | €24,998 | +€4,812 | +23.8% |
| Trade debts | 44 | - | €110 | +€110 | |
| Suppliers | 440/4 | - | €110 | +€110 | |
| Taxes, remuneration and social security | 45 | €15,274 | €17,201 | +€1,927 | +12.6% |
| Taxes | 450/3 | €15,274 | €17,201 | +€1,927 | +12.6% |
| Other amounts payable | 47/48 | €4,912 | €7,687 | +€2,775 | +56.5% |
| Remuneration, social security and pensions | 62 | - | €396 | +€396 | |
| Other operating charges | 640/8 | €163 | €128 | -€35 | -21.7% |
| Gross operating margin | 9900 | €58,971 | €70,792 | +€11,822 | +20.0% |
| Operating profit (loss) | 9901 | €58,808 | €70,268 | +€11,460 | +19.5% |
| Financial income | 75/76B | - | €159 | +€159 | |
| Recurring financial income | 75 | - | €159 | +€159 | |
| Financial charges | 65/66B | €40 | €1,731 | +€1,691 | +4249.8% |
| Recurring financial charges | 65 | €40 | €1,731 | +€1,691 | +4249.8% |
| Profit (loss) for the period before taxes | 9903 | €58,768 | €68,696 | +€9,928 | +16.9% |
| Income taxes | 67/77 | €12,724 | €14,651 | +€1,927 | +15.1% |
| Profit (loss) for the period | 9904 | €46,044 | €54,045 | +€8,001 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €46,044 | €54,045 | +€8,001 | +17.4% |
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 12 October 2026 via checked.be.