GROUP SOPEX: 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.
What changed
GROUP SOPEX
NACE 46.370, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3.5m
2024 · €20.4m-€16.9m
Equity
€49.1m
2024 · €45.3m+€3.8m
Cash
€123,230
2024 · €124,882-€1,651
Balance sheet total
€124.5m
2024 · €137.4m-€12.8m
Largest movements
Assets
- Receivables within one year -€7.1m
down €7.1m (-10.5%), from €67.2m to €60.2m
of which Trade receivables: -€5.8m
- Stocks and contracts -€7.0m
down €7.0m (-17.1%), from €40.7m to €33.8m
Equity and liabilities
- Short-term financial debts -€23.3m
down €23.3m (-31.3%), from €74.7m to €51.4m
of which Credit institutions: -€22.2m
- Profit (loss) carried forward +€5.5m
up €5.5m (+70.8%), from -€7.8m to -€2.3m
- Other debts +€4.1m
up €4.1m (+71.1%), from €5.8m to €9.8m
- Trade debts +€2.9m
up €2.9m (+36.1%), from €7.9m to €10.7m
- Reserves -€1.7m
down €1.7m (-9.5%), from €17.9m to €16.2m
of which Distributable reserves: -€1.7m
Income statement
- Financial income -€20.9m
down €20.9m (-79.5%), from €26.3m to €5.4m
of which Non-recurring financial income: -€11.6m
- Financial charges -€3.8m
down €3.8m (-42.3%), from €9.0m to €5.2m
of which Non-recurring financial charges: -€3.0m
- Goods and materials -€3.2m
down €3.2m (-1.2%), from €280.8m to €277.6m
of which Purchases: -€26.8m
- Turnover -€3.0m
down €3.0m (-1.0%), from €293.2m to €290.2m
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.
Result 2024
€20.4m
Turnover
-€3.0m
Other operating income
-€524,644
Goods and materials
+€3.2m
Services and other goods
-€791,403
Staff costs
-€330,510
Depreciation
+€10,497
Write-downs
+€1.8m
Other operating charges
-€2,953
Other operating items
+€211,757
Financial income
-€20.9m
Financial charges
+€3.8m
Taxes
-€324,544
Result 2025
€3.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€23.7m
Investment
-€646,617
Financing
-€23.1m
Cash 2024
€124,882
From operations (derived)
+€23.7m
Net result for the year
+€3.5m
Depreciation
+€444,099
Receivables after one year
-€489,960
Stocks and contracts
+€7.0m
Receivables within one year
+€7.1m
Deferred charges and accrued income
-€496,598
Trade debts
+€2.9m
Tax, wage and social debts
+€119,229
Other debts
+€4.1m
Accrued charges and deferred income
-€321,324
Investment (derived)
-€646,617
Investment in fixed assets (net)
-€646,617
Financing
-€23.1m
Short-term financial debts
-€23.3m
Contributions, distributions and other
+€249,981
Cash 2025
€123,230
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,387,956 | €124,539,721 | -€12.8m | -9.4% |
| Fixed assets | 21/28 | €19,404,847 | €19,607,364 | +€202,518 | +1.0% |
| Tangible fixed assets | 22/27 | €6,300,522 | €6,050,059 | -€250,463 | -4.0% |
| Land and buildings | 22 | €6,080,957 | €5,757,258 | -€323,699 | -5.3% |
| Furniture and vehicles | 24 | €219,565 | €292,800 | +€73,235 | +33.4% |
| Financial fixed assets | 28 | €13,104,325 | €13,557,306 | +€452,981 | +3.5% |
| Affiliated companies | 280/1 | €10,924,587 | €11,123,966 | +€199,379 | +1.8% |
| Participating interests | 280 | €10,347,982 | €10,524,225 | +€176,243 | +1.7% |
| Amounts receivable | 281 | €576,605 | €599,742 | +€23,136 | +4.0% |
| Other financial fixed assets | 284/8 | €2,179,737 | €2,433,339 | +€253,602 | +11.6% |
| Shares | 284 | €2,176,016 | €2,426,016 | +€250,000 | +11.5% |
| Amounts receivable and cash guarantees | 285/8 | €3,721 | €7,323 | +€3,602 | +96.8% |
| Current assets | 29/58 | €117,983,109 | €104,932,357 | -€13.1m | -11.1% |
| Amounts receivable after more than one year | 29 | €3,740,040 | €4,230,000 | +€489,960 | +13.1% |
| Other amounts receivable | 291 | €3,740,040 | €4,230,000 | +€489,960 | +13.1% |
| Stocks and contracts in progress | 3 | €40,713,330 | €33,753,952 | -€7.0m | -17.1% |
| Stocks | 30/36 | €40,713,330 | €33,753,952 | -€7.0m | -17.1% |
| Goods purchased for resale | 34 | €40,713,330 | €33,753,952 | -€7.0m | -17.1% |
| Amounts receivable within one year | 40/41 | €67,234,999 | €60,158,717 | -€7.1m | -10.5% |
| Trade receivables | 40 | €33,799,010 | €27,969,702 | -€5.8m | -17.2% |
| Other amounts receivable | 41 | €33,435,989 | €32,189,014 | -€1.2m | -3.7% |
| Cash at bank and in hand | 54/58 | €124,882 | €123,230 | -€1,651 | -1.3% |
| Deferred charges and accrued income | 490/1 | €6,169,859 | €6,666,458 | +€496,598 | +8.0% |
| Total equity and liabilities | 10/49 | €137,387,956 | €124,539,721 | -€12.8m | -9.4% |
| Equity | 10/15 | €45,323,026 | €49,076,774 | +€3.8m | +8.3% |
| Contributions | 10/11 | €25,000,000 | €25,000,000 | = | 0.0% |
| Capital | 10 | €25,000,000 | €25,000,000 | = | 0.0% |
| Issued capital | 100 | €25,000,000 | €25,000,000 | = | 0.0% |
| Revaluation surpluses | 12 | €10,198,450 | €10,144,493 | -€53,957 | -0.5% |
| Reserves | 13 | €17,896,550 | €16,200,506 | -€1.7m | -9.5% |
| Non-distributable reserves | 130/1 | €2,500,000 | €2,500,000 | = | 0.0% |
| Legal reserve | 130 | €2,500,000 | €2,500,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,911,232 | €7,911,232 | = | 0.0% |
| Distributable reserves | 133 | €7,485,317 | €5,789,274 | -€1.7m | -22.7% |
| Profit (loss) carried forward | 14 | -€7,771,974 | -€2,268,225 | +€5.5m | +70.8% |
| Amounts payable | 17/49 | €92,064,930 | €75,462,947 | -€16.6m | -18.0% |
| Amounts payable within one year | 42/48 | €88,712,312 | €72,431,653 | -€16.3m | -18.4% |
| Financial debts | 43 | €74,704,060 | €51,358,577 | -€23.3m | -31.3% |
| Credit institutions | 430/8 | €73,561,270 | €51,358,577 | -€22.2m | -30.2% |
| Other loans | 439 | €1,142,790 | - | -€1.1m | |
| Trade debts | 44 | €7,896,421 | €10,748,857 | +€2.9m | +36.1% |
| Suppliers | 440/4 | €7,896,421 | €10,748,857 | +€2.9m | +36.1% |
| Taxes, remuneration and social security | 45 | €356,428 | €475,656 | +€119,229 | +33.5% |
| Taxes | 450/3 | €95,018 | €4,552 | -€90,466 | -95.2% |
| Remuneration and social security | 454/9 | €261,410 | €471,104 | +€209,694 | +80.2% |
| Other amounts payable | 47/48 | €5,755,403 | €9,848,562 | +€4.1m | +71.1% |
| Accrued charges and deferred income | 492/3 | €3,352,619 | €3,031,294 | -€321,324 | -9.6% |
| Operating income | 70/76A | €295,052,486 | €291,559,525 | -€3.5m | -1.2% |
| Turnover | 70 | €293,152,013 | €290,183,697 | -€3.0m | -1.0% |
| Other operating income | 74 | €1,900,473 | €1,375,829 | -€524,644 | -27.6% |
| Operating charges | 60/66A | €291,988,728 | €287,900,305 | -€4.1m | -1.4% |
| Goods for resale, raw materials and consumables | 60 | €280,798,395 | €277,558,641 | -€3.2m | -1.2% |
| Purchases | 600/8 | €297,370,975 | €270,599,264 | -€26.8m | -9.0% |
| Change in stocks: decrease (increase) | 609 | -€16,572,581 | €6,959,378 | +€23.5m | |
| Services and other goods | 61 | €5,628,535 | €6,419,939 | +€791,403 | +14.1% |
| Remuneration, social security and pensions | 62 | €1,876,113 | €2,206,623 | +€330,510 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €454,596 | €444,099 | -€10,497 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,751,283 | - | -€1.8m | |
| Other operating charges | 640/8 | €143,375 | €146,328 | +€2,953 | +2.1% |
| Non-recurring operating charges | 66A | €1,336,432 | €1,124,675 | -€211,757 | -15.8% |
| Operating profit (loss) | 9901 | €3,063,758 | €3,659,220 | +€595,462 | +19.4% |
| Financial income | 75/76B | €26,327,705 | €5,387,226 | -€20.9m | -79.5% |
| Recurring financial income | 75 | €14,766,879 | €5,381,487 | -€9.4m | -63.6% |
| Income from financial fixed assets | 750 | €11,328,419 | €1,365,088 | -€10.0m | -87.9% |
| Income from current assets | 751 | €3,249,759 | €3,722,019 | +€472,260 | +14.5% |
| Other financial income | 752/9 | €188,701 | €294,380 | +€105,679 | +56.0% |
| Non-recurring financial income | 76B | €11,560,826 | €5,739 | -€11.6m | -100.0% |
| Financial charges | 65/66B | €8,981,929 | €5,183,214 | -€3.8m | -42.3% |
| Recurring financial charges | 65 | €5,980,192 | €5,183,214 | -€796,977 | -13.3% |
| Debt charges | 650 | €5,422,190 | €4,648,379 | -€773,811 | -14.3% |
| Other financial charges | 652/9 | €558,001 | €534,835 | -€23,166 | -4.2% |
| Non-recurring financial charges | 66B | €3,001,738 | - | -€3.0m | |
| Profit (loss) for the period before taxes | 9903 | €20,409,534 | €3,863,232 | -€16.5m | -81.1% |
| Income taxes | 67/77 | €34,921 | €359,465 | +€324,544 | +929% |
| Taxes | 670/3 | €34,921 | €359,465 | +€324,544 | +929% |
| Profit (loss) for the period | 9904 | €20,374,613 | €3,503,768 | -€16.9m | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,374,613 | €3,503,768 | -€16.9m | -82.8% |
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 15 October 2026 via checked.be.