SOFA PARTNERS: 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.
SOFA PARTNERS
Largest movements
- Cash -€58,157
down €58,157 (-56.6%), from €102,831 to €44,674
mainly Receivables within one year (-€20,483) and Trade debts (-€17,956)
- Receivables within one year +€20,483
up €20,483 (+46.9%), from €43,673 to €64,156
of which Trade receivables: +€22,186
- Trade debts -€17,956
down €17,956 (-48.8%), from €36,831 to €18,875
- Other debts -€15,000
no longer reported in 2025 (was €15,000)
- Tax, wage and social debts -€3,718
down €3,718 (-26.5%), from €14,003 to €10,285
- Profit (loss) carried forward -€2,112
down €2,112 (-2.6%), from €82,234 to €80,122
- Gross operating margin -€14,368
down €14,368 (-75.6%), from €18,997 to €4,629
- Other operating charges +€2,746
up €2,746 (+4735.0%), from €58 to €2,804
- Taxes -€2,094
down €2,094 (-49.5%), from €4,232 to €2,138
- Depreciation +€317
up €317 (+38.0%), from €835 to €1,152
- Financial charges +€209
up €209 (+47.8%), from €437 to €647
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 | €149,067 | €110,282 | -€38,785 | -26.0% |
| Fixed assets | 21/28 | €2,553 | €1,401 | -€1,152 | -45.1% |
| Tangible fixed assets | 22/27 | €2,553 | €1,401 | -€1,152 | -45.1% |
| Plant, machinery and equipment | 23 | €744 | €337 | -€406 | -54.6% |
| Furniture and vehicles | 24 | €1,810 | €1,064 | -€746 | -41.2% |
| Current assets | 29/58 | €146,514 | €108,881 | -€37,633 | -25.7% |
| Amounts receivable within one year | 40/41 | €43,673 | €64,156 | +€20,483 | +46.9% |
| Trade receivables | 40 | €10,604 | €32,791 | +€22,186 | +209.2% |
| Other amounts receivable | 41 | €33,069 | €31,366 | -€1,703 | -5.2% |
| Cash at bank and in hand | 54/58 | €102,831 | €44,674 | -€58,157 | -56.6% |
| Deferred charges and accrued income | 490/1 | €9 | €51 | +€41 | +445.7% |
| Total equity and liabilities | 10/49 | €149,067 | €110,282 | -€38,785 | -26.0% |
| Equity | 10/15 | €83,234 | €81,122 | -€2,112 | -2.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,234 | €80,122 | -€2,112 | -2.6% |
| Amounts payable | 17/49 | €65,833 | €29,160 | -€36,673 | -55.7% |
| Amounts payable within one year | 42/48 | €65,833 | €29,160 | -€36,673 | -55.7% |
| Trade debts | 44 | €36,831 | €18,875 | -€17,956 | -48.8% |
| Suppliers | 440/4 | €36,831 | €18,875 | -€17,956 | -48.8% |
| Taxes, remuneration and social security | 45 | €14,003 | €10,285 | -€3,718 | -26.5% |
| Taxes | 450/3 | €14,003 | €10,285 | -€3,718 | -26.5% |
| Other amounts payable | 47/48 | €15,000 | - | -€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €835 | €1,152 | +€317 | +38.0% |
| Other operating charges | 640/8 | €58 | €2,804 | +€2,746 | +4735.0% |
| Gross operating margin | 9900 | €18,997 | €4,629 | -€14,368 | -75.6% |
| Operating profit (loss) | 9901 | €18,104 | €673 | -€17,432 | -96.3% |
| Financial charges | 65/66B | €437 | €647 | +€209 | +47.8% |
| Recurring financial charges | 65 | €437 | €647 | +€209 | +47.8% |
| Profit (loss) for the period before taxes | 9903 | €17,667 | €26 | -€17,641 | -99.9% |
| Income taxes | 67/77 | €4,232 | €2,138 | -€2,094 | -49.5% |
| Profit (loss) for the period | 9904 | €13,435 | -€2,112 | -€15,547 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,435 | -€2,112 | -€15,547 |
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 11 October 2026 via checked.be.