SOFAP: 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.
SOFAP
Largest movements
- Tangible fixed assets -€46,882
down €46,882 (-2.5%), from €1.9m to €1.8m
of which Land and buildings: -€45,760
- Debts after one year -€64,248
down €64,248 (-7.6%), from €845,613 to €781,365
- Profit (loss) carried forward -€43,408
down €43,408 (-7.4%), from -€588,592 to -€632,000
- Trade debts +€35,502
up €35,502 (+101.4%), from €35,005 to €70,507
- Gross operating margin +€76,561
up €76,561 (+823.7%), from €9,295 to €85,856
- Financial charges -€10,683
down €10,683 (-20.2%), from €52,971 to €42,288
- Other operating charges -€3,017
down €3,017 (-7.0%), from €43,111 to €40,094
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 | €2,199,068 | €2,135,276 | -€63,792 | -2.9% |
| Fixed assets | 21/28 | €1,873,642 | €1,826,760 | -€46,882 | -2.5% |
| Tangible fixed assets | 22/27 | €1,873,642 | €1,826,760 | -€46,882 | -2.5% |
| Land and buildings | 22 | €1,864,666 | €1,818,906 | -€45,760 | -2.5% |
| Other tangible fixed assets | 26 | €8,976 | €7,854 | -€1,122 | -12.5% |
| Current assets | 29/58 | €325,426 | €308,516 | -€16,910 | -5.2% |
| Amounts receivable after more than one year | 29 | €226,000 | €215,105 | -€10,895 | -4.8% |
| Trade receivables | 290 | €226,000 | €215,105 | -€10,895 | -4.8% |
| Amounts receivable within one year | 40/41 | €99,403 | €93,387 | -€6,016 | -6.1% |
| Other amounts receivable | 41 | €99,403 | €93,387 | -€6,016 | -6.1% |
| Cash at bank and in hand | 54/58 | €23 | €24 | +€1 | +4.3% |
| Total equity and liabilities | 10/49 | €2,199,068 | €2,135,276 | -€63,792 | -2.9% |
| Equity | 10/15 | €810,983 | €767,575 | -€43,408 | -5.4% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €1,368,588 | €1,368,588 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,365,489 | €1,365,489 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€588,592 | -€632,000 | -€43,408 | -7.4% |
| Provisions and deferred taxes | 16 | €455,163 | €455,163 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | - | €455,163 | +€455,163 | |
| Pensions and similar obligations | 160 | - | €455,163 | +€455,163 | |
| Deferred taxes | 168 | €455,163 | - | -€455,163 | |
| Amounts payable | 17/49 | €932,922 | €912,538 | -€20,384 | -2.2% |
| Amounts payable after more than one year | 17 | €845,613 | €781,365 | -€64,248 | -7.6% |
| Financial debts | 170/4 | €845,613 | €781,365 | -€64,248 | -7.6% |
| Amounts payable within one year | 42/48 | €87,309 | €131,173 | +€43,864 | +50.2% |
| Current portion of amounts payable after more than one year | 42 | €52,304 | €60,666 | +€8,362 | +16.0% |
| Trade debts | 44 | €35,005 | €70,507 | +€35,502 | +101.4% |
| Suppliers | 440/4 | €35,005 | €70,507 | +€35,502 | +101.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,883 | €46,882 | -€1 | 0.0% |
| Other operating charges | 640/8 | €43,111 | €40,094 | -€3,017 | -7.0% |
| Gross operating margin | 9900 | €9,295 | €85,856 | +€76,561 | +823.7% |
| Operating profit (loss) | 9901 | -€80,699 | -€1,120 | +€79,579 | +98.6% |
| Financial charges | 65/66B | €52,971 | €42,288 | -€10,683 | -20.2% |
| Recurring financial charges | 65 | €52,971 | €42,288 | -€10,683 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | -€133,670 | -€43,408 | +€90,262 | +67.5% |
| Profit (loss) for the period | 9904 | -€133,670 | -€43,408 | +€90,262 | +67.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€133,670 | -€43,408 | +€90,262 | +67.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.