SOFABEL: what changed
Two fiscal 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.
SOFABEL
Largest movements
- Stocks and contracts +€540,417
up €540,417 (+30.8%), from €1.8m to €2.3m
- Receivables within one year -€31,870
down €31,870 (-35.6%), from €89,587 to €57,717
of which Other amounts receivable: -€26,077
- Cash -€25,472
down €25,472 (-28.0%), from €90,932 to €65,461
mainly Stocks and contracts (-€540,417) and Other debts (-€74,450)
- Trade debts +€389,161
up €389,161 (+269.8%), from €144,218 to €533,379
- Profit (loss) carried forward +€76,675
up €76,675 (+5.1%), from €1.5m to €1.6m
- Other debts -€74,450
down €74,450 (-88.4%), from €84,200 to €9,750
- Short-term financial debts +€60,000
up €60,000 (+30.0%), from €200,000 to €260,000
- Purchases and services -€163,169
down €163,169 (-2.9%), from €5.5m to €5.4m
- Turnover -€150,416
down €150,416 (-2.4%), from €6.2m to €6.1m
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 | €2,066,550 | €2,535,797 | +€469,247 | +22.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €127,853 | €114,024 | -€13,829 | -10.8% |
| Tangible fixed assets | 22/27 | €127,011 | €113,181 | -€13,829 | -10.9% |
| Plant, machinery and equipment | 23 | €93,040 | €83,001 | -€10,040 | -10.8% |
| Furniture and vehicles | 24 | €26,115 | €23,356 | -€2,759 | -10.6% |
| Other tangible fixed assets | 26 | €7,855 | €6,824 | -€1,031 | -13.1% |
| Financial fixed assets | 28 | €842 | €842 | = | 0.0% |
| Current assets | 29/58 | €1,938,697 | €2,421,773 | +€483,076 | +24.9% |
| Stocks and contracts in progress | 3 | €1,753,154 | €2,293,571 | +€540,417 | +30.8% |
| Stocks | 30/36 | €1,753,154 | €2,293,571 | +€540,417 | +30.8% |
| Amounts receivable within one year | 40/41 | €89,587 | €57,717 | -€31,870 | -35.6% |
| Trade receivables | 40 | €29,288 | €23,496 | -€5,793 | -19.8% |
| Other amounts receivable | 41 | €60,299 | €34,222 | -€26,077 | -43.2% |
| Cash at bank and in hand | 54/58 | €90,932 | €65,461 | -€25,472 | -28.0% |
| Deferred charges and accrued income | 490/1 | €5,024 | €5,024 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,066,550 | €2,535,797 | +€469,247 | +22.7% |
| Equity | 10/15 | €1,632,473 | €1,709,148 | +€76,675 | +4.7% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,502,329 | €1,579,004 | +€76,675 | +5.1% |
| Amounts payable | 17/49 | €434,077 | €826,649 | +€392,572 | +90.4% |
| Amounts payable within one year | 42/48 | €434,077 | €823,596 | +€389,519 | +89.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €200,000 | €260,000 | +€60,000 | +30.0% |
| Credit institutions | 430/8 | €200,000 | €260,000 | +€60,000 | +30.0% |
| Trade debts | 44 | €144,218 | €533,379 | +€389,161 | +269.8% |
| Suppliers | 440/4 | €144,218 | €533,379 | +€389,161 | +269.8% |
| Taxes, remuneration and social security | 45 | €5,659 | €20,467 | +€14,808 | +261.7% |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €5,659 | €20,467 | +€14,808 | +261.7% |
| Other amounts payable | 47/48 | €84,200 | €9,750 | -€74,450 | -88.4% |
| Accrued charges and deferred income | 492/3 | - | €3,053 | +€3,053 | |
| Turnover | 70 | €6,213,103 | €6,062,687 | -€150,416 | -2.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,539,497 | €5,376,328 | -€163,169 | -2.9% |
| Remuneration, social security and pensions | 62 | €477,300 | €507,251 | +€29,951 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,466 | €29,335 | +€3,870 | +15.2% |
| Other operating charges | 640/8 | €11,011 | €10,793 | -€218 | -2.0% |
| Gross operating margin | 9900 | €746,678 | €700,346 | -€46,332 | -6.2% |
| Operating profit (loss) | 9901 | €232,901 | €152,966 | -€79,934 | -34.3% |
| Financial charges | 65/66B | €20,502 | €16,291 | -€4,211 | -20.5% |
| Recurring financial charges | 65 | €20,502 | €16,291 | -€4,211 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €212,398 | €136,675 | -€75,723 | -35.7% |
| Income taxes | 67/77 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) for the period | 9904 | €152,398 | €76,675 | -€75,723 | -49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €152,398 | €76,675 | -€75,723 | -49.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.