Sofie Maes: what changed
Sofie Maes
Largest movements
- Receivables within one year -€22,755
down €22,755 (-26.2%), from €86,975 to €64,220
of which Trade receivables: -€25,961
- Reserves -€21,178
down €21,178 (-10.0%), from €211,659 to €190,481
of which Distributable reserves: -€21,178
- Gross operating margin -€35,405
down €35,405, from €12,632 to -€22,773
- Financial income -€13,493
down €13,493 (-89.9%), from €15,005 to €1,512
- Taxes -€4,843
down €4,843 (-96.5%), from €5,017 to €174
- Depreciation -€888
down €888 (-100.0%), from €889 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €590,301 | €564,751 | -€25,550 | -4.3% |
| Fixed assets | 21/28 | €500,000 | €500,000 | -€0 | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €0 | - | -€0 | |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €90,301 | €64,751 | -€25,550 | -28.3% |
| Amounts receivable within one year | 40/41 | €86,975 | €64,220 | -€22,755 | -26.2% |
| Trade receivables | 40 | €52,919 | €26,958 | -€25,961 | -49.1% |
| Other amounts receivable | 41 | €34,056 | €37,262 | +€3,206 | +9.4% |
| Cash at bank and in hand | 54/58 | €3,326 | €531 | -€2,795 | -84.0% |
| Total equity and liabilities | 10/49 | €590,301 | €564,751 | -€25,550 | -4.3% |
| Equity | 10/15 | €581,659 | €559,180 | -€22,480 | -3.9% |
| Contributions | 10/11 | €370,000 | €370,000 | = | 0.0% |
| Contributions outside capital | 11 | €370,000 | €370,000 | = | 0.0% |
| Other | 1109/19 | €370,000 | €370,000 | = | 0.0% |
| Reserves | 13 | €211,659 | €190,481 | -€21,178 | -10.0% |
| Non-distributable reserves | 130/1 | €8,449 | €8,449 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,449 | €8,449 | = | 0.0% |
| Distributable reserves | 133 | €203,211 | €182,032 | -€21,178 | -10.4% |
| Profit (loss) carried forward | 14 | - | -€1,302 | -€1,302 | |
| Amounts payable | 17/49 | €8,642 | €5,572 | -€3,070 | -35.5% |
| Amounts payable within one year | 42/48 | €8,642 | €5,572 | -€3,070 | -35.5% |
| Trade debts | 44 | €439 | €878 | +€439 | +100.0% |
| Suppliers | 440/4 | €439 | €878 | +€439 | +100.0% |
| Taxes, remuneration and social security | 45 | €5,100 | €1,591 | -€3,509 | -68.8% |
| Taxes | 450/3 | €5,100 | €1,591 | -€3,509 | -68.8% |
| Other amounts payable | 47/48 | €3,103 | €3,103 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €889 | €0 | -€888 | -100.0% |
| Other operating charges | 640/8 | €753 | €766 | +€13 | +1.7% |
| Gross operating margin | 9900 | €12,632 | -€22,773 | -€35,405 | |
| Operating profit (loss) | 9901 | €10,991 | -€23,539 | -€34,529 | |
| Financial income | 75/76B | €15,005 | €1,512 | -€13,493 | -89.9% |
| Recurring financial income | 75 | €15,005 | €1,512 | -€13,493 | -89.9% |
| Financial charges | 65/66B | €296 | €279 | -€17 | -5.7% |
| Recurring financial charges | 65 | €296 | €279 | -€17 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €25,700 | -€22,305 | -€48,005 | |
| Income taxes | 67/77 | €5,017 | €174 | -€4,843 | -96.5% |
| Profit (loss) for the period | 9904 | €20,683 | -€22,480 | -€43,163 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,683 | -€22,480 | -€43,163 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.