SOEF FARMA: 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.
SOEF FARMA
Largest movements
- Cash +€317,630
up €317,630 (+128.3%), from €247,662 to €565,292
mainly Net result for the year (+€214,628) and Current investments (+€125,000)
- Current investments -€125,000
no longer reported in 2025 (was €125,000)
- Receivables within one year +€45,911
up €45,911 (+19.9%), from €230,673 to €276,584
of which Trade receivables: +€52,991
- Tangible fixed assets +€17,487
up €17,487 (+11.0%), from €159,484 to €176,971
of which Furniture and vehicles: +€17,321
- Receivables after one year -€12,000
down €12,000 (-50.0%), from €24,000 to €12,000
- Reserves +€174,572
up €174,572 (+29.8%), from €584,967 to €759,539
of which Distributable reserves: +€183,272
- Trade debts +€51,210
up €51,210 (+22.1%), from €231,786 to €282,996
- Tax, wage and social debts +€16,508
up €16,508 (+39.0%), from €42,293 to €58,801
of which Taxes: +€11,696
- Other debts +€13,799
up €13,799 (+1374.3%), from €1,004 to €14,803
- Gross operating margin +€136,105
up €136,105 (+33.3%), from €408,692 to €544,798
- Taxes +€36,996
up €36,996 (+62.1%), from €59,555 to €96,550
- Staff costs +€16,013
up €16,013 (+9.0%), from €178,087 to €194,100
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.
Cash bridge derived
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 | €920,940 | €1,164,780 | +€243,840 | +26.5% |
| Fixed assets | 21/28 | €173,003 | €190,490 | +€17,487 | +10.1% |
| Tangible fixed assets | 22/27 | €159,484 | €176,971 | +€17,487 | +11.0% |
| Land and buildings | 22 | €67,466 | €61,098 | -€6,368 | -9.4% |
| Plant, machinery and equipment | 23 | €19,218 | €16,333 | -€2,884 | -15.0% |
| Furniture and vehicles | 24 | €72,800 | €90,121 | +€17,321 | +23.8% |
| Other tangible fixed assets | 26 | - | €9,418 | +€9,418 | |
| Financial fixed assets | 28 | €13,519 | €13,519 | = | 0.0% |
| Current assets | 29/58 | €747,937 | €974,290 | +€226,353 | +30.3% |
| Amounts receivable after more than one year | 29 | €24,000 | €12,000 | -€12,000 | -50.0% |
| Other amounts receivable | 291 | €24,000 | €12,000 | -€12,000 | -50.0% |
| Stocks and contracts in progress | 3 | €116,254 | €115,493 | -€761 | -0.7% |
| Stocks | 30/36 | €116,254 | €115,493 | -€761 | -0.7% |
| Amounts receivable within one year | 40/41 | €230,673 | €276,584 | +€45,911 | +19.9% |
| Trade receivables | 40 | €223,187 | €276,178 | +€52,991 | +23.7% |
| Other amounts receivable | 41 | €7,486 | €406 | -€7,079 | -94.6% |
| Current investments | 50/53 | €125,000 | - | -€125,000 | |
| Cash at bank and in hand | 54/58 | €247,662 | €565,292 | +€317,630 | +128.3% |
| Deferred charges and accrued income | 490/1 | €4,349 | €4,921 | +€572 | +13.2% |
| Total equity and liabilities | 10/49 | €920,940 | €1,164,780 | +€243,840 | +26.5% |
| Equity | 10/15 | €602,367 | €776,939 | +€174,572 | +29.0% |
| Contributions | 10/11 | €17,400 | €17,400 | = | 0.0% |
| Reserves | 13 | €584,967 | €759,539 | +€174,572 | +29.8% |
| Non-distributable reserves | 130/1 | €8,700 | - | -€8,700 | |
| Reserves not available under the articles | 1311 | €8,700 | - | -€8,700 | |
| Distributable reserves | 133 | €576,267 | €759,539 | +€183,272 | +31.8% |
| Amounts payable | 17/49 | €318,573 | €387,841 | +€69,268 | +21.7% |
| Amounts payable after more than one year | 17 | €29,215 | €21,005 | -€8,209 | -28.1% |
| Financial debts | 170/4 | €29,215 | €21,005 | -€8,209 | -28.1% |
| Amounts payable within one year | 42/48 | €288,912 | €364,809 | +€75,898 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €13,829 | €8,209 | -€5,620 | -40.6% |
| Trade debts | 44 | €231,786 | €282,996 | +€51,210 | +22.1% |
| Suppliers | 440/4 | €231,786 | €282,996 | +€51,210 | +22.1% |
| Taxes, remuneration and social security | 45 | €42,293 | €58,801 | +€16,508 | +39.0% |
| Taxes | 450/3 | €21,162 | €32,859 | +€11,696 | +55.3% |
| Remuneration and social security | 454/9 | €21,130 | €25,942 | +€4,812 | +22.8% |
| Other amounts payable | 47/48 | €1,004 | €14,803 | +€13,799 | +1374.3% |
| Accrued charges and deferred income | 492/3 | €446 | €2,026 | +€1,580 | +354.0% |
| Remuneration, social security and pensions | 62 | €178,087 | €194,100 | +€16,013 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,557 | €37,459 | +€1,902 | +5.3% |
| Other operating charges | 640/8 | €5,066 | €5,235 | +€169 | +3.3% |
| Gross operating margin | 9900 | €408,692 | €544,798 | +€136,105 | +33.3% |
| Operating profit (loss) | 9901 | €189,982 | €308,004 | +€118,022 | +62.1% |
| Financial income | 75/76B | €6,808 | €8,607 | +€1,800 | +26.4% |
| Recurring financial income | 75 | €6,808 | €8,607 | +€1,800 | +26.4% |
| Financial charges | 65/66B | €2,773 | €5,434 | +€2,661 | +95.9% |
| Recurring financial charges | 65 | €2,773 | €5,434 | +€2,661 | +95.9% |
| Profit (loss) for the period before taxes | 9903 | €194,017 | €311,178 | +€117,161 | +60.4% |
| Income taxes | 67/77 | €59,555 | €96,550 | +€36,996 | +62.1% |
| Profit (loss) for the period | 9904 | €134,463 | €214,628 | +€80,166 | +59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €134,463 | €214,628 | +€80,166 | +59.6% |
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 9 October 2026 via checked.be.