SOPHISTICATED: 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.
SOPHISTICATED
Largest movements
- Cash +€18,202
up €18,202 (+13.4%), from €135,401 to €153,603
mainly Other debts (+€100,268) and Net result for the year (+€59,813)
- Other debts +€100,268
up €100,268 (+247%), from €40,532 to €140,800
- Profit (loss) carried forward -€65,187
down €65,187 (-59.4%), from €109,707 to €44,520
- Tax, wage and social debts -€17,817
down €17,817 (-51.2%), from €34,798 to €16,981
- Trade debts +€2,531
up €2,531 (+131%), from €1,927 to €4,458
- Gross operating margin -€40,090
down €40,090 (-34.3%), from €116,837 to €76,747
- Taxes -€9,612
down €9,612 (-37.1%), from €25,884 to €16,272
- Other operating charges -€2,976
down €2,976 (-93.9%), from €3,170 to €194
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 | €210,207 | €230,410 | +€20,203 | +9.6% |
| Current assets | 29/58 | €210,207 | €230,410 | +€20,203 | +9.6% |
| Stocks and contracts in progress | 3 | €54,500 | €54,500 | = | 0.0% |
| Stocks | 30/36 | €54,500 | €54,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,122 | €22,120 | +€1,997 | +9.9% |
| Trade receivables | 40 | €18,392 | €18,392 | = | 0.0% |
| Other amounts receivable | 41 | €1,730 | €3,728 | +€1,997 | +115% |
| Cash at bank and in hand | 54/58 | €135,401 | €153,603 | +€18,202 | +13.4% |
| Deferred charges and accrued income | 490/1 | €183 | €187 | +€4 | +2.2% |
| Total equity and liabilities | 10/49 | €210,207 | €230,410 | +€20,203 | +9.6% |
| Equity | 10/15 | €132,949 | €67,762 | -€65,187 | -49.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €4,692 | €4,692 | = | 0.0% |
| Distributable reserves | 133 | €4,692 | €4,692 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,707 | €44,520 | -€65,187 | -59.4% |
| Amounts payable | 17/49 | €77,258 | €162,648 | +€85,390 | +111% |
| Amounts payable within one year | 42/48 | €77,258 | €162,240 | +€84,982 | +110% |
| Trade debts | 44 | €1,927 | €4,458 | +€2,531 | +131% |
| Suppliers | 440/4 | €1,927 | €4,458 | +€2,531 | +131% |
| Taxes, remuneration and social security | 45 | €34,798 | €16,981 | -€17,817 | -51.2% |
| Taxes | 450/3 | €34,798 | €16,981 | -€17,817 | -51.2% |
| Other amounts payable | 47/48 | €40,532 | €140,800 | +€100,268 | +247% |
| Accrued charges and deferred income | 492/3 | - | €408 | +€408 | |
| Other operating charges | 640/8 | €3,170 | €194 | -€2,976 | -93.9% |
| Gross operating margin | 9900 | €116,837 | €76,747 | -€40,090 | -34.3% |
| Operating profit (loss) | 9901 | €113,667 | €76,554 | -€37,114 | -32.7% |
| Financial charges | 65/66B | €164 | €468 | +€304 | +186% |
| Recurring financial charges | 65 | €164 | €468 | +€304 | +186% |
| Profit (loss) for the period before taxes | 9903 | €113,503 | €76,085 | -€37,418 | -33.0% |
| Income taxes | 67/77 | €25,884 | €16,272 | -€9,612 | -37.1% |
| Profit (loss) for the period | 9904 | €87,619 | €59,813 | -€27,806 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €87,619 | €59,813 | -€27,806 | -31.7% |
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 14 October 2026 via checked.be.