SOFAB: 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.
SOFAB
Largest movements
- Receivables within one year -€15,478
down €15,478 (-53.2%), from €29,067 to €13,589
of which Other amounts receivable: -€11,886
- Cash +€8,977
up €8,977 (+204%), from €4,403 to €13,379
mainly Receivables within one year (+€15,478) and Tax, wage and social debts (+€14,497)
- Tangible fixed assets -€7,698
down €7,698 (-47.5%), from €16,220 to €8,522
- Tax, wage and social debts +€14,497
up €14,497 (+180%), from €8,052 to €22,549
of which Taxes: +€14,497
- Trade debts -€12,943
down €12,943 (-73.3%), from €17,669 to €4,726
- Profit (loss) carried forward -€9,947
down €9,947, from €9,493 to -€454
- Current portion of long-term debt -€4,703
down €4,703 (-83.2%), from €5,650 to €947
- Debts after one year -€947
no longer reported in 2024 (was €947)
- Taxes +€1,257
up €1,257 (+1,147%), from €110 to €1,366
- Other operating charges +€1,203
up €1,203 (+158%), from €762 to €1,965
- Financial income -€383
down €383 (-35.2%), from €1,086 to €703
- Depreciation -€342
down €342 (-3.7%), from €9,292 to €8,950
- Gross operating margin +€281
up €281 (+15.2%), from €1,852 to €2,133
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,870 | €35,880 | -€13,991 | -28.1% |
| Fixed assets | 21/28 | €16,220 | €8,522 | -€7,698 | -47.5% |
| Tangible fixed assets | 22/27 | €16,220 | €8,522 | -€7,698 | -47.5% |
| Furniture and vehicles | 24 | €16,220 | €8,522 | -€7,698 | -47.5% |
| Current assets | 29/58 | €33,650 | €27,358 | -€6,293 | -18.7% |
| Amounts receivable within one year | 40/41 | €29,067 | €13,589 | -€15,478 | -53.2% |
| Trade receivables | 40 | €11,525 | €7,933 | -€3,593 | -31.2% |
| Other amounts receivable | 41 | €17,542 | €5,656 | -€11,886 | -67.8% |
| Cash at bank and in hand | 54/58 | €4,403 | €13,379 | +€8,977 | +204% |
| Deferred charges and accrued income | 490/1 | €180 | €389 | +€209 | +116% |
| Total equity and liabilities | 10/49 | €49,870 | €35,880 | -€13,991 | -28.1% |
| Equity | 10/15 | €17,553 | €7,606 | -€9,947 | -56.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,493 | -€454 | -€9,947 | |
| Amounts payable | 17/49 | €32,318 | €28,273 | -€4,044 | -12.5% |
| Amounts payable after more than one year | 17 | €947 | - | -€947 | |
| Financial debts | 170/4 | €947 | - | -€947 | |
| Amounts payable within one year | 42/48 | €31,371 | €28,221 | -€3,150 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €5,650 | €947 | -€4,703 | -83.2% |
| Trade debts | 44 | €17,669 | €4,726 | -€12,943 | -73.3% |
| Suppliers | 440/4 | €17,669 | €4,726 | -€12,943 | -73.3% |
| Taxes, remuneration and social security | 45 | €8,052 | €22,549 | +€14,497 | +180% |
| Taxes | 450/3 | €4,652 | €19,149 | +€14,497 | +312% |
| Remuneration and social security | 454/9 | €3,400 | €3,400 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €52 | +€52 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,292 | €8,950 | -€342 | -3.7% |
| Other operating charges | 640/8 | €762 | €1,965 | +€1,203 | +158% |
| Gross operating margin | 9900 | €1,852 | €2,133 | +€281 | +15.2% |
| Operating profit (loss) | 9901 | -€8,203 | -€8,782 | -€580 | -7.1% |
| Financial income | 75/76B | €1,086 | €703 | -€383 | -35.2% |
| Recurring financial income | 75 | €1,086 | €703 | -€383 | -35.2% |
| Financial charges | 65/66B | €363 | €501 | +€138 | +38.1% |
| Recurring financial charges | 65 | €363 | €501 | +€138 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,480 | -€8,580 | -€1,100 | -14.7% |
| Income taxes | 67/77 | €110 | €1,366 | +€1,257 | +1,147% |
| Profit (loss) for the period | 9904 | -€7,589 | -€9,947 | -€2,357 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,589 | -€9,947 | -€2,357 | -31.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.