Sophie Sperlich: 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 Sperlich
Largest movements
- Receivables after one year +€97,039
up €97,039 (+76.3%), from €127,257 to €224,296
- Cash +€17,311
up €17,311 (+37.4%), from €46,286 to €63,597
mainly Net result for the year (+€90,865) and Other debts (+€20,860)
- Receivables within one year -€4,659
down €4,659 (-28.9%), from €16,132 to €11,473
of which Trade receivables: -€6,899
- Tangible fixed assets +€4,068
new in 2025: €4,068
- Profit (loss) carried forward +€90,865
up €90,865 (+80.1%), from €113,369 to €204,234
- Other debts +€20,860
up €20,860 (+96.1%), from €21,701 to €42,560
- Advances received +€8,024
new in 2025: €8,024
- Tax, wage and social debts -€6,370
no longer reported in 2025 (was €6,370)
- Gross operating margin -€31,058
down €31,058 (-21.9%), from €141,903 to €110,844
- Taxes -€7,244
down €7,244 (-22.5%), from €32,227 to €24,983
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 | €189,674 | €303,938 | +€114,264 | +60.2% |
| Fixed assets | 21/28 | - | €4,068 | +€4,068 | |
| Tangible fixed assets | 22/27 | - | €4,068 | +€4,068 | |
| Furniture and vehicles | 24 | - | €4,068 | +€4,068 | |
| Current assets | 29/58 | €189,674 | €299,870 | +€110,196 | +58.1% |
| Amounts receivable after more than one year | 29 | €127,257 | €224,296 | +€97,039 | +76.3% |
| Other amounts receivable | 291 | €127,257 | €224,296 | +€97,039 | +76.3% |
| Amounts receivable within one year | 40/41 | €16,132 | €11,473 | -€4,659 | -28.9% |
| Trade receivables | 40 | €15,358 | €8,460 | -€6,899 | -44.9% |
| Other amounts receivable | 41 | €773 | €3,013 | +€2,240 | +290% |
| Cash at bank and in hand | 54/58 | €46,286 | €63,597 | +€17,311 | +37.4% |
| Deferred charges and accrued income | 490/1 | - | €504 | +€504 | |
| Total equity and liabilities | 10/49 | €189,674 | €303,938 | +€114,264 | +60.2% |
| Equity | 10/15 | €161,458 | €252,323 | +€90,865 | +56.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €46,088 | €46,088 | = | 0.0% |
| Distributable reserves | 133 | €46,088 | €46,088 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,369 | €204,234 | +€90,865 | +80.1% |
| Amounts payable | 17/49 | €28,217 | €51,615 | +€23,399 | +82.9% |
| Amounts payable within one year | 42/48 | €28,217 | €51,615 | +€23,399 | +82.9% |
| Trade debts | 44 | €146 | €1,031 | +€885 | +608% |
| Suppliers | 440/4 | €146 | €1,031 | +€885 | +608% |
| Advances received on contracts in progress | 46 | - | €8,024 | +€8,024 | |
| Taxes, remuneration and social security | 45 | €6,370 | - | -€6,370 | |
| Taxes | 450/3 | €6,370 | - | -€6,370 | |
| Other amounts payable | 47/48 | €21,701 | €42,560 | +€20,860 | +96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €486 | +€486 | |
| Gross operating margin | 9900 | €141,903 | €110,844 | -€31,058 | -21.9% |
| Operating profit (loss) | 9901 | €141,903 | €110,358 | -€31,544 | -22.2% |
| Financial income | 75/76B | €4,576 | €5,539 | +€964 | +21.1% |
| Recurring financial income | 75 | €4,576 | €5,539 | +€964 | +21.1% |
| Financial charges | 65/66B | €49 | €49 | +€0 | +0.7% |
| Recurring financial charges | 65 | €49 | €49 | +€0 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €146,429 | €115,848 | -€30,581 | -20.9% |
| Income taxes | 67/77 | €32,227 | €24,983 | -€7,244 | -22.5% |
| Profit (loss) for the period | 9904 | €114,202 | €90,865 | -€23,337 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €114,202 | €90,865 | -€23,337 | -20.4% |
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 16 October 2026 via checked.be.