Sofar: 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.
Sofar
Largest movements
- Tangible fixed assets +€54,646
new in 2024: €54,646
of which Other tangible fixed assets: +€52,767
- Intangible fixed assets -€8,333
down €8,333 (-33.3%), from €25,000 to €16,667
- Cash +€2,924
up €2,924 (+11.8%), from €24,819 to €27,743
mainly Debts after one year (+€50,000) and Short-term financial debts (+€25,000)
- Receivables within one year -€2,037
down €2,037 (-60.4%), from €3,370 to €1,333
of which Trade receivables: -€2,453
- Debts after one year +€50,000
up €50,000 (+200.0%), from €25,000 to €75,000
- Profit (loss) carried forward -€32,980
down €32,980 (-1306.4%), from -€2,524 to -€35,504
- Short-term financial debts +€25,000
new in 2024: €25,000
- Trade debts +€14,671
up €14,671 (+918.1%), from €1,598 to €16,269
- Accrued charges and deferred income -€9,491
down €9,491 (-94.1%), from €10,090 to €599
- Gross operating margin -€17,342
down €17,342, from €499 to -€16,843
- Depreciation +€12,063
new in 2024: €12,063
- Financial charges +€1,757
up €1,757 (+100.5%), from €1,748 to €3,505
- Other operating charges -€634
down €634 (-49.2%), from €1,290 to €655
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,314 | €101,514 | +€47,200 | +86.9% |
| Fixed assets | 21/28 | €26,125 | €72,438 | +€46,313 | +177.3% |
| Intangible fixed assets | 21 | €25,000 | €16,667 | -€8,333 | -33.3% |
| Tangible fixed assets | 22/27 | - | €54,646 | +€54,646 | |
| Furniture and vehicles | 24 | - | €1,879 | +€1,879 | |
| Other tangible fixed assets | 26 | - | €52,767 | +€52,767 | |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €28,189 | €29,076 | +€887 | +3.1% |
| Amounts receivable within one year | 40/41 | €3,370 | €1,333 | -€2,037 | -60.4% |
| Trade receivables | 40 | €2,695 | €242 | -€2,453 | -91.0% |
| Other amounts receivable | 41 | €675 | €1,091 | +€416 | +61.7% |
| Cash at bank and in hand | 54/58 | €24,819 | €27,743 | +€2,924 | +11.8% |
| Total equity and liabilities | 10/49 | €54,314 | €101,514 | +€47,200 | +86.9% |
| Equity | 10/15 | €17,476 | -€15,504 | -€32,980 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,524 | -€35,504 | -€32,980 | -1306.4% |
| Amounts payable | 17/49 | €36,838 | €117,018 | +€80,180 | +217.7% |
| Amounts payable after more than one year | 17 | €25,000 | €75,000 | +€50,000 | +200.0% |
| Financial debts | 170/4 | €25,000 | €75,000 | +€50,000 | +200.0% |
| Amounts payable within one year | 42/48 | €1,748 | €41,419 | +€39,671 | +2269.6% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €1,598 | €16,269 | +€14,671 | +918.1% |
| Suppliers | 440/4 | €1,598 | €16,269 | +€14,671 | +918.1% |
| Other amounts payable | 47/48 | €150 | €150 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €10,090 | €599 | -€9,491 | -94.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €12,063 | +€12,063 | |
| Other operating charges | 640/8 | €1,290 | €655 | -€634 | -49.2% |
| Gross operating margin | 9900 | €499 | -€16,843 | -€17,342 | |
| Operating profit (loss) | 9901 | -€791 | -€29,561 | -€28,770 | -3636.7% |
| Financial income | 75/76B | €15 | €87 | +€72 | +479.1% |
| Recurring financial income | 75 | €15 | €87 | +€72 | +479.1% |
| Financial charges | 65/66B | €1,748 | €3,505 | +€1,757 | +100.5% |
| Recurring financial charges | 65 | €1,748 | €3,505 | +€1,757 | +100.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,524 | -€32,980 | -€30,455 | -1206.4% |
| Profit (loss) for the period | 9904 | -€2,524 | -€32,980 | -€30,455 | -1206.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,524 | -€32,980 | -€30,455 | -1206.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.