BY SOFIAC: 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.
BY SOFIAC
Largest movements
- Cash +€82,711
up €82,711 (+183%), from €45,123 to €127,834
mainly Net result for the year (+€133,738) and Tax, wage and social debts (+€25,025)
- Receivables within one year +€72,696
up €72,696 (+250%), from €29,061 to €101,757
of which Trade receivables: +€75,141
- Reserves +€133,738
up €133,738 (+237%), from €56,521 to €190,259
- Tax, wage and social debts +€25,025
up €25,025 (+153%), from €16,311 to €41,336
- Trade debts -€3,711
down €3,711 (-53.2%), from €6,982 to €3,271
- Gross operating margin +€104,700
up €104,700 (+142%), from €73,688 to €178,388
- Taxes +€25,550
up €25,550 (+169%), from €15,153 to €40,703
- Financial income +€3,312
up €3,312 (+9,801%), from €34 to €3,346
of which Non-recurring financial income: +€3,330
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 | €91,828 | €249,105 | +€157,277 | +171% |
| Fixed assets | 21/28 | €15,981 | €15,728 | -€254 | -1.6% |
| Tangible fixed assets | 22/27 | €4,781 | €4,528 | -€254 | -5.3% |
| Plant, machinery and equipment | 23 | €1,596 | €1,270 | -€325 | -20.4% |
| Furniture and vehicles | 24 | €3,185 | €3,257 | +€72 | +2.3% |
| Financial fixed assets | 28 | €11,200 | €11,200 | = | 0.0% |
| Current assets | 29/58 | €75,847 | €233,377 | +€157,530 | +208% |
| Amounts receivable within one year | 40/41 | €29,061 | €101,757 | +€72,696 | +250% |
| Trade receivables | 40 | €26,615 | €101,757 | +€75,141 | +282% |
| Other amounts receivable | 41 | €2,445 | - | -€2,445 | |
| Cash at bank and in hand | 54/58 | €45,123 | €127,834 | +€82,711 | +183% |
| Deferred charges and accrued income | 490/1 | €1,663 | €3,787 | +€2,123 | +128% |
| Total equity and liabilities | 10/49 | €91,828 | €249,105 | +€157,277 | +171% |
| Equity | 10/15 | €59,021 | €192,759 | +€133,738 | +227% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €56,521 | €190,259 | +€133,738 | +237% |
| Distributable reserves | 133 | €56,521 | €190,259 | +€133,738 | +237% |
| Amounts payable | 17/49 | €32,807 | €56,346 | +€23,539 | +71.8% |
| Amounts payable within one year | 42/48 | €31,557 | €55,096 | +€23,539 | +74.6% |
| Trade debts | 44 | €6,982 | €3,271 | -€3,711 | -53.2% |
| Suppliers | 440/4 | €6,982 | €3,271 | -€3,711 | -53.2% |
| Taxes, remuneration and social security | 45 | €16,311 | €41,336 | +€25,025 | +153% |
| Taxes | 450/3 | €16,311 | €41,336 | +€25,025 | +153% |
| Other amounts payable | 47/48 | €8,264 | €10,489 | +€2,225 | +26.9% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €899 | €1,730 | +€831 | +92.4% |
| Other operating charges | 640/8 | €422 | €414 | -€8 | -2.0% |
| Non-recurring operating charges | 66A | - | €3,300 | +€3,300 | |
| Gross operating margin | 9900 | €73,688 | €178,388 | +€104,700 | +142% |
| Operating profit (loss) | 9901 | €72,367 | €172,944 | +€100,578 | +139% |
| Financial income | 75/76B | €34 | €3,346 | +€3,312 | +9,801% |
| Recurring financial income | 75 | €34 | €16 | -€18 | -53.2% |
| Non-recurring financial income | 76B | - | €3,330 | +€3,330 | |
| Financial charges | 65/66B | €726 | €1,849 | +€1,122 | +155% |
| Recurring financial charges | 65 | €726 | €1,849 | +€1,122 | +155% |
| Profit (loss) for the period before taxes | 9903 | €71,674 | €174,441 | +€102,767 | +143% |
| Income taxes | 67/77 | €15,153 | €40,703 | +€25,550 | +169% |
| Profit (loss) for the period | 9904 | €56,521 | €133,738 | +€77,217 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €56,521 | €133,738 | +€77,217 | +137% |
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 17 October 2026 via checked.be.