SOFARAU: 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.
SOFARAU
Largest movements
- Tangible fixed assets +€87,382
up €87,382 (+137%), from €64,012 to €151,394
of which Furniture and vehicles: +€53,101
- Cash +€58,600
up €58,600 (+86.8%), from €67,515 to €126,115
mainly Net result for the year (+€96,890) and Stocks and contracts (+€42,144)
- Stocks and contracts -€42,144
down €42,144 (-59.8%), from €70,458 to €28,314
- Receivables within one year -€9,965
down €9,965 (-7.0%), from €142,715 to €132,749
of which Other amounts receivable: -€29,342
- Reserves +€96,890
new in 2025: €96,890
- Profit (loss) carried forward -€22,000
down €22,000 (-12.2%), from €179,990 to €157,990
- Debts after one year +€19,367
new in 2025: €19,367
- Tax, wage and social debts -€10,477
down €10,477 (-16.2%), from €64,712 to €54,234
of which Taxes: -€8,406
- Trade debts -€9,343
down €9,343 (-23.0%), from €40,660 to €31,317
- Gross operating margin +€124,472
up €124,472 (+36.4%), from €342,185 to €466,657
- Taxes +€29,984
up €29,984 (+151%), from €19,824 to €49,808
- Staff costs +€22,504
up €22,504 (+8.6%), from €262,146 to €284,650
- Depreciation +€14,349
up €14,349 (+108%), from €13,258 to €27,607
- Write-downs +€7,709
new in 2025: €7,709
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.
Derived cash bridge
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 | €344,874 | €438,748 | +€93,873 | +27.2% |
| Fixed assets | 21/28 | €64,187 | €151,569 | +€87,382 | +136% |
| Tangible fixed assets | 22/27 | €64,012 | €151,394 | +€87,382 | +137% |
| Plant, machinery and equipment | 23 | €62,570 | €96,852 | +€34,282 | +54.8% |
| Furniture and vehicles | 24 | €1,442 | €54,542 | +€53,101 | +3,684% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €280,688 | €287,178 | +€6,491 | +2.3% |
| Stocks and contracts in progress | 3 | €70,458 | €28,314 | -€42,144 | -59.8% |
| Stocks | 30/36 | €70,458 | €28,314 | -€42,144 | -59.8% |
| Amounts receivable within one year | 40/41 | €142,715 | €132,749 | -€9,965 | -7.0% |
| Trade receivables | 40 | €113,373 | €132,749 | +€19,376 | +17.1% |
| Other amounts receivable | 41 | €29,342 | - | -€29,342 | |
| Cash at bank and in hand | 54/58 | €67,515 | €126,115 | +€58,600 | +86.8% |
| Total equity and liabilities | 10/49 | €344,874 | €438,748 | +€93,873 | +27.2% |
| Equity | 10/15 | €198,590 | €273,480 | +€74,890 | +37.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €96,890 | +€96,890 | |
| Distributable reserves | 133 | - | €96,890 | +€96,890 | |
| Profit (loss) carried forward | 14 | €179,990 | €157,990 | -€22,000 | -12.2% |
| Amounts payable | 17/49 | €146,284 | €165,267 | +€18,983 | +13.0% |
| Amounts payable after more than one year | 17 | - | €19,367 | +€19,367 | |
| Financial debts | 170/4 | - | €19,367 | +€19,367 | |
| Amounts payable within one year | 42/48 | €146,284 | €139,116 | -€7,169 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | - | €8,852 | +€8,852 | |
| Trade debts | 44 | €40,660 | €31,317 | -€9,343 | -23.0% |
| Suppliers | 440/4 | €40,660 | €31,317 | -€9,343 | -23.0% |
| Taxes, remuneration and social security | 45 | €64,712 | €54,234 | -€10,477 | -16.2% |
| Taxes | 450/3 | €32,604 | €24,199 | -€8,406 | -25.8% |
| Remuneration and social security | 454/9 | €32,107 | €30,035 | -€2,072 | -6.5% |
| Other amounts payable | 47/48 | €40,913 | €44,713 | +€3,800 | +9.3% |
| Accrued charges and deferred income | 492/3 | - | €6,785 | +€6,785 | |
| Remuneration, social security and pensions | 62 | €262,146 | €284,650 | +€22,504 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,258 | €27,607 | +€14,349 | +108% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,709 | +€7,709 | |
| Other operating charges | 640/8 | - | €7,540 | +€7,540 | |
| Gross operating margin | 9900 | €342,185 | €466,657 | +€124,472 | +36.4% |
| Operating profit (loss) | 9901 | €66,781 | €139,150 | +€72,369 | +108% |
| Financial income | 75/76B | €9,503 | €7,708 | -€1,796 | -18.9% |
| Recurring financial income | 75 | €9,503 | €7,708 | -€1,796 | -18.9% |
| Financial charges | 65/66B | €79 | €159 | +€81 | +102% |
| Recurring financial charges | 65 | €79 | €159 | +€81 | +102% |
| Profit (loss) for the period before taxes | 9903 | €76,206 | €146,699 | +€70,493 | +92.5% |
| Income taxes | 67/77 | €19,824 | €49,808 | +€29,984 | +151% |
| Profit (loss) for the period | 9904 | €56,382 | €96,890 | +€40,509 | +71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,382 | €96,890 | +€40,509 | +71.8% |
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 16 October 2026 via checked.be.