SOFACO: 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.
SOFACO
Largest movements
- Cash +€84,167
up €84,167 (+10.7%), from €789,013 to €873,180
mainly Net result for the year (+€61,034) and Depreciation (+€18,346)
- Tangible fixed assets -€18,346
down €18,346 (-13.9%), from €132,068 to €113,721
of which Land and buildings: -€14,345
- Reserves +€58,034
up €58,034 (+42.3%), from €137,346 to €195,380
- Gross operating margin +€10,747
up €10,747 (+11.1%), from €96,876 to €107,623
- Purchases and services -€10,747
down €10,747 (-56.9%), from €18,898 to €8,151
- Taxes +€2,610
up €2,610 (+10.4%), from €25,177 to €27,786
- Depreciation -€2,352
down €2,352 (-11.4%), from €20,699 to €18,346
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €934,908 | €1,000,729 | +€65,820 | +7.0% |
| Fixed assets | 21/28 | €132,264 | €113,918 | -€18,346 | -13.9% |
| Tangible fixed assets | 22/27 | €132,068 | €113,721 | -€18,346 | -13.9% |
| Land and buildings | 22 | €128,066 | €113,721 | -€14,345 | -11.2% |
| Plant, machinery and equipment | 23 | €4,002 | - | -€4,002 | |
| Financial fixed assets | 28 | €197 | €197 | = | 0.0% |
| Current assets | 29/58 | €802,644 | €886,811 | +€84,167 | +10.5% |
| Amounts receivable within one year | 40/41 | €13,631 | €13,631 | = | 0.0% |
| Other amounts receivable | 41 | €13,631 | €13,631 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €789,013 | €873,180 | +€84,167 | +10.7% |
| Total equity and liabilities | 10/49 | €934,908 | €1,000,729 | +€65,820 | +7.0% |
| Equity | 10/15 | €921,365 | €979,399 | +€58,034 | +6.3% |
| Contributions | 10/11 | €105,355 | €105,355 | = | 0.0% |
| Capital | 10 | €105,355 | €105,355 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Uncalled capital | 101 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €137,346 | €195,380 | +€58,034 | +42.3% |
| Non-distributable reserves | 130/1 | €137,346 | €195,380 | +€58,034 | +42.3% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €124,946 | €182,980 | +€58,034 | +46.4% |
| Profit (loss) carried forward | 14 | €678,664 | €678,664 | = | 0.0% |
| Amounts payable | 17/49 | €13,543 | €21,329 | +€7,786 | +57.5% |
| Amounts payable within one year | 42/48 | €13,543 | €21,329 | +€7,786 | +57.5% |
| Taxes, remuneration and social security | 45 | €13,543 | €21,329 | +€7,786 | +57.5% |
| Taxes | 450/3 | €13,543 | €21,329 | +€7,786 | +57.5% |
| Turnover | 70 | €115,774 | €115,774 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €18,898 | €8,151 | -€10,747 | -56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,699 | €18,346 | -€2,352 | -11.4% |
| Other operating charges | 640/8 | €323 | €307 | -€17 | -5.1% |
| Gross operating margin | 9900 | €96,876 | €107,623 | +€10,747 | +11.1% |
| Operating profit (loss) | 9901 | €75,854 | €88,970 | +€13,116 | +17.3% |
| Financial charges | 65/66B | €143 | €150 | +€8 | +5.3% |
| Recurring financial charges | 65 | €143 | €150 | +€8 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €75,712 | €88,820 | +€13,109 | +17.3% |
| Income taxes | 67/77 | €25,177 | €27,786 | +€2,610 | +10.4% |
| Profit (loss) for the period | 9904 | €50,535 | €61,034 | +€10,499 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,535 | €61,034 | +€10,499 | +20.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.