SOFACOVER: 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.
SOFACOVER
Largest movements
- Cash +€182,044
up €182,044 (+153.6%), from €118,512 to €300,556
mainly Net result for the year (+€130,210) and Other debts (+€96,076)
- Tangible fixed assets -€76,114
down €76,114 (-6.4%), from €1.2m to €1.1m
of which Land and buildings: -€53,880
- Receivables within one year -€58,325
down €58,325 (-16.3%), from €357,787 to €299,462
of which Trade receivables: -€76,764
- Stocks and contracts -€46,536
down €46,536 (-12.9%), from €360,516 to €313,980
- Other debts +€96,076
up €96,076 (+184.0%), from €52,220 to €148,295
- Debts after one year -€90,473
down €90,473 (-9.5%), from €955,003 to €864,529
- Trade debts +€36,652
up €36,652 (+10.9%), from €337,405 to €374,057
- Accrued charges and deferred income -€35,524
down €35,524 (-93.3%), from €38,064 to €2,540
- Gross operating margin +€112,428
up €112,428 (+33.3%), from €337,755 to €450,183
- Other operating charges +€45,583
up €45,583 (+247.7%), from €18,399 to €63,983
- Taxes +€35,801
up €35,801 (+163.0%), from €21,965 to €57,766
- Staff costs +€21,452
up €21,452 (+25.0%), from €85,669 to €107,121
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 | €2,107,590 | €2,121,803 | +€14,213 | +0.7% |
| Fixed assets | 21/28 | €1,196,001 | €1,119,886 | -€76,114 | -6.4% |
| Tangible fixed assets | 22/27 | €1,196,001 | €1,119,886 | -€76,114 | -6.4% |
| Land and buildings | 22 | €1,152,652 | €1,098,772 | -€53,880 | -4.7% |
| Plant, machinery and equipment | 23 | €40,806 | €19,981 | -€20,825 | -51.0% |
| Leasing and similar rights | 25 | €2,543 | €1,133 | -€1,410 | -55.5% |
| Current assets | 29/58 | €911,589 | €1,001,917 | +€90,328 | +9.9% |
| Stocks and contracts in progress | 3 | €360,516 | €313,980 | -€46,536 | -12.9% |
| Stocks | 30/36 | €360,516 | €313,980 | -€46,536 | -12.9% |
| Amounts receivable within one year | 40/41 | €357,787 | €299,462 | -€58,325 | -16.3% |
| Trade receivables | 40 | €357,787 | €281,023 | -€76,764 | -21.5% |
| Other amounts receivable | 41 | - | €18,439 | +€18,439 | |
| Current investments | 50/53 | €70,710 | €83,271 | +€12,561 | +17.8% |
| Cash at bank and in hand | 54/58 | €118,512 | €300,556 | +€182,044 | +153.6% |
| Deferred charges and accrued income | 490/1 | €4,064 | €4,647 | +€583 | +14.3% |
| Total equity and liabilities | 10/49 | €2,107,590 | €2,121,803 | +€14,213 | +0.7% |
| Equity | 10/15 | €587,450 | €602,188 | +€14,738 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €568,850 | €583,588 | +€14,738 | +2.6% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €512,600 | €527,338 | +€14,738 | +2.9% |
| Amounts payable | 17/49 | €1,520,140 | €1,519,615 | -€525 | 0.0% |
| Amounts payable after more than one year | 17 | €955,003 | €864,529 | -€90,473 | -9.5% |
| Financial debts | 170/4 | €955,003 | €864,529 | -€90,473 | -9.5% |
| Amounts payable within one year | 42/48 | €527,073 | €652,547 | +€125,473 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €109,889 | €92,255 | -€17,633 | -16.0% |
| Trade debts | 44 | €337,405 | €374,057 | +€36,652 | +10.9% |
| Suppliers | 440/4 | €337,405 | €374,057 | +€36,652 | +10.9% |
| Taxes, remuneration and social security | 45 | €27,559 | €37,939 | +€10,379 | +37.7% |
| Taxes | 450/3 | €19,109 | €27,124 | +€8,015 | +41.9% |
| Remuneration and social security | 454/9 | €8,451 | €10,815 | +€2,364 | +28.0% |
| Other amounts payable | 47/48 | €52,220 | €148,295 | +€96,076 | +184.0% |
| Accrued charges and deferred income | 492/3 | €38,064 | €2,540 | -€35,524 | -93.3% |
| Non-recurring operating income | 76A | €18,217 | €76 | -€18,141 | -99.6% |
| Remuneration, social security and pensions | 62 | €85,669 | €107,121 | +€21,452 | +25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,737 | €76,114 | -€3,623 | -4.5% |
| Other operating charges | 640/8 | €18,399 | €63,983 | +€45,583 | +247.7% |
| Non-recurring operating charges | 66A | €60,852 | - | -€60,852 | |
| Gross operating margin | 9900 | €337,755 | €450,183 | +€112,428 | +33.3% |
| Operating profit (loss) | 9901 | €93,098 | €202,965 | +€109,867 | +118.0% |
| Financial income | 75/76B | €3,672 | €4,087 | +€415 | +11.3% |
| Recurring financial income | 75 | €3,672 | €4,087 | +€415 | +11.3% |
| Financial charges | 65/66B | €20,455 | €19,076 | -€1,379 | -6.7% |
| Recurring financial charges | 65 | €20,455 | €19,076 | -€1,379 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €76,316 | €187,977 | +€111,661 | +146.3% |
| Income taxes | 67/77 | €21,965 | €57,766 | +€35,801 | +163.0% |
| Profit (loss) for the period | 9904 | €54,351 | €130,210 | +€75,859 | +139.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,351 | €130,210 | +€75,859 | +139.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.