Sofacq Gallery: 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.
What changed
Sofacq Gallery
NACE 70.200, Business and other management consultancy
financial year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€39,397
2023 · -€15,212-€24,185
Equity
€926,594
2023 · €965,991-€39,397
Cash
€9,922
2023 · €11,414-€1,492
Balance sheet total
€3.6m
2023 · €3.8m-€131,005
Largest movements
Assets
- Receivables within one year -€529,904
down €529,904 (-88.8%), from €596,557 to €66,653
of which Other amounts receivable: -€529,975
- Stocks and contracts +€415,389
up €415,389 (+15.1%), from €2.8m to €3.2m
Equity and liabilities
- Provisions -€249,730
no longer reported in 2024 (was €249,730)
- Short-term financial debts +€249,036
up €249,036 (+25841.4%), from €964 to €250,000
- Current portion of long-term debt -€47,130
down €47,130 (-20.2%), from €233,800 to €186,670
- Profit (loss) carried forward -€39,397
down €39,397 (-11.1%), from €354,091 to €314,694
Income statement
- Provisions -€249,730
new in 2024: -€249,730
- Gross operating margin -€152,967
down €152,967, from €50,165 to -€102,802
- Financial charges +€127,496
up €127,496 (+305.6%), from €41,718 to €169,214
of which Non-recurring financial charges: +€127,266
- Depreciation -€5,438
down €5,438 (-27.7%), from €19,620 to €14,183
- Other operating charges -€3,233
down €3,233 (-53.8%), from €6,006 to €2,773
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.
Result 2023
-€15,212
Gross operating margin
-€152,967
Depreciation
+€5,438
Provisions
+€249,730
Other operating charges
+€3,233
Financial income
-€152
Financial charges
-€127,496
Taxes
-€1,970
Result 2024
-€39,397
Cash bridge derived
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.
From operations
-€167,000
Investment
-€2,598
Financing
+€168,106
Cash 2023
€11,414
From operations (derived)
-€167,000
Net result for the year
-€39,397
Depreciation
+€14,183
Stocks and contracts
-€415,389
Receivables within one year
+€529,904
Deferred charges and accrued income
+€3,414
Provisions
-€249,730
Trade debts
+€13,964
Tax, wage and social debts
-€2,641
Other debts
-€22,074
Accrued charges and deferred income
+€767
Investment (derived)
-€2,598
Investment in fixed assets (net)
-€2,598
Financing
+€168,106
Debts after one year
-€33,800
Current portion of long-term debt
-€47,130
Short-term financial debts
+€249,036
Cash 2024
€9,922
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,768,685 | €3,637,679 | -€131,005 | -3.5% |
| Fixed assets | 21/28 | €401,409 | €389,824 | -€11,585 | -2.9% |
| Tangible fixed assets | 22/27 | €391,409 | €379,824 | -€11,585 | -3.0% |
| Land and buildings | 22 | €356,901 | €356,901 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,076 | €3,120 | -€956 | -23.5% |
| Furniture and vehicles | 24 | €2,319 | €316 | -€2,003 | -86.4% |
| Other tangible fixed assets | 26 | €28,113 | €19,488 | -€8,625 | -30.7% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €3,367,276 | €3,247,855 | -€119,421 | -3.5% |
| Stocks and contracts in progress | 3 | €2,751,118 | €3,166,508 | +€415,389 | +15.1% |
| Stocks | 30/36 | €2,751,118 | €3,166,508 | +€415,389 | +15.1% |
| Amounts receivable within one year | 40/41 | €596,557 | €66,653 | -€529,904 | -88.8% |
| Trade receivables | 40 | €9,683 | €9,754 | +€71 | +0.7% |
| Other amounts receivable | 41 | €586,874 | €56,899 | -€529,975 | -90.3% |
| Current investments | 50/53 | €25 | €25 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,414 | €9,922 | -€1,492 | -13.1% |
| Deferred charges and accrued income | 490/1 | €8,162 | €4,748 | -€3,414 | -41.8% |
| Total equity and liabilities | 10/49 | €3,768,685 | €3,637,679 | -€131,005 | -3.5% |
| Equity | 10/15 | €965,991 | €926,594 | -€39,397 | -4.1% |
| Contributions | 10/11 | €329,000 | €329,000 | = | 0.0% |
| Capital | 10 | €329,000 | €329,000 | = | 0.0% |
| Issued capital | 100 | €329,000 | €329,000 | = | 0.0% |
| Reserves | 13 | €282,900 | €282,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,900 | €32,900 | = | 0.0% |
| Legal reserve | 130 | €32,900 | €32,900 | = | 0.0% |
| Distributable reserves | 133 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €354,091 | €314,694 | -€39,397 | -11.1% |
| Provisions and deferred taxes | 16 | €249,730 | - | -€249,730 | |
| Provisions for liabilities and charges | 160/5 | €249,730 | - | -€249,730 | |
| Other liabilities and charges | 164/5 | €249,730 | - | -€249,730 | |
| Amounts payable | 17/49 | €2,552,964 | €2,711,085 | +€158,122 | +6.2% |
| Amounts payable after more than one year | 17 | €36,617 | €2,817 | -€33,800 | -92.3% |
| Financial debts | 170/4 | €36,617 | €2,817 | -€33,800 | -92.3% |
| Amounts payable within one year | 42/48 | €2,503,026 | €2,694,181 | +€191,155 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €233,800 | €186,670 | -€47,130 | -20.2% |
| Financial debts | 43 | €964 | €250,000 | +€249,036 | +25841.4% |
| Credit institutions | 430/8 | €964 | €250,000 | +€249,036 | +25841.4% |
| Trade debts | 44 | €22,730 | €36,694 | +€13,964 | +61.4% |
| Suppliers | 440/4 | €22,730 | €36,694 | +€13,964 | +61.4% |
| Taxes, remuneration and social security | 45 | €35,833 | €33,191 | -€2,641 | -7.4% |
| Taxes | 450/3 | €32,575 | €33,191 | +€617 | +1.9% |
| Remuneration and social security | 454/9 | €3,258 | - | -€3,258 | |
| Other amounts payable | 47/48 | €2,209,700 | €2,187,626 | -€22,074 | -1.0% |
| Accrued charges and deferred income | 492/3 | €13,320 | €14,087 | +€767 | +5.8% |
| Non-recurring operating income | 76A | - | €792 | +€792 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,620 | €14,183 | -€5,438 | -27.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€249,730 | -€249,730 | |
| Other operating charges | 640/8 | €6,006 | €2,773 | -€3,233 | -53.8% |
| Gross operating margin | 9900 | €50,165 | -€102,802 | -€152,967 | |
| Operating profit (loss) | 9901 | €24,539 | €129,973 | +€105,434 | +429.7% |
| Financial income | 75/76B | €237 | €85 | -€152 | -64.2% |
| Recurring financial income | 75 | €237 | €85 | -€152 | -64.2% |
| Financial charges | 65/66B | €41,718 | €169,214 | +€127,496 | +305.6% |
| Recurring financial charges | 65 | €41,718 | €41,949 | +€231 | +0.6% |
| Non-recurring financial charges | 66B | - | €127,266 | +€127,266 | |
| Profit (loss) for the period before taxes | 9903 | -€16,942 | -€39,157 | -€22,214 | -131.1% |
| Income taxes | 67/77 | -€1,730 | €240 | +€1,970 | |
| Profit (loss) for the period | 9904 | -€15,212 | -€39,397 | -€24,185 | -159.0% |
| Transfer from tax-exempt reserves | 789 | €45,458 | - | -€45,458 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,246 | -€39,397 | -€69,643 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.