SOFARE: 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.
SOFARE
Largest movements
- Receivables within one year +€38,135
up €38,135 (+84.2%), from €45,307 to €83,443
of which Trade receivables: +€42,433
- Cash +€15,474
up €15,474 (+761.6%), from €2,032 to €17,506
mainly Net result for the year (+€57,297) and Other debts (+€14,753)
- Tangible fixed assets -€1,195
down €1,195 (-23.5%), from €5,088 to €3,892
- Profit (loss) carried forward +€37,297
up €37,297 (+159.1%), from €23,444 to €60,742
- Other debts +€14,753
up €14,753, from €0 to €14,753
- Short-term financial debts +€5,818
up €5,818 (+36960.8%), from €16 to €5,833
- Tax, wage and social debts -€4,497
down €4,497 (-22.1%), from €20,354 to €15,857
of which Remuneration and social security: -€3,229
- Gross operating margin +€53,300
up €53,300 (+208.2%), from €25,604 to €78,904
- Taxes +€10,613
up €10,613 (+193.3%), from €5,489 to €16,102
- Financial charges +€2,272
up €2,272 (+166.3%), from €1,366 to €3,637
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 | €52,427 | €104,841 | +€52,414 | +100.0% |
| Fixed assets | 21/28 | €5,088 | €3,892 | -€1,195 | -23.5% |
| Tangible fixed assets | 22/27 | €5,088 | €3,892 | -€1,195 | -23.5% |
| Plant, machinery and equipment | 23 | €1,664 | €1,294 | -€370 | -22.2% |
| Furniture and vehicles | 24 | €1,202 | €875 | -€327 | -27.2% |
| Other tangible fixed assets | 26 | €2,221 | €1,723 | -€498 | -22.4% |
| Current assets | 29/58 | €47,339 | €100,949 | +€53,609 | +113.2% |
| Amounts receivable within one year | 40/41 | €45,307 | €83,443 | +€38,135 | +84.2% |
| Trade receivables | 40 | €39,810 | €82,243 | +€42,433 | +106.6% |
| Other amounts receivable | 41 | €5,498 | €1,200 | -€4,298 | -78.2% |
| Cash at bank and in hand | 54/58 | €2,032 | €17,506 | +€15,474 | +761.6% |
| Total equity and liabilities | 10/49 | €52,427 | €104,841 | +€52,414 | +100.0% |
| Equity | 10/15 | €28,444 | €65,742 | +€37,297 | +131.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,444 | €60,742 | +€37,297 | +159.1% |
| Amounts payable | 17/49 | €23,982 | €39,099 | +€15,117 | +63.0% |
| Amounts payable within one year | 42/48 | €23,982 | €39,099 | +€15,117 | +63.0% |
| Financial debts | 43 | €16 | €5,833 | +€5,818 | +36960.8% |
| Credit institutions | 430/8 | €16 | €5,833 | +€5,818 | +36960.8% |
| Trade debts | 44 | €3,613 | €2,656 | -€957 | -26.5% |
| Suppliers | 440/4 | €3,613 | €2,656 | -€957 | -26.5% |
| Taxes, remuneration and social security | 45 | €20,354 | €15,857 | -€4,497 | -22.1% |
| Taxes | 450/3 | €17,125 | €15,857 | -€1,268 | -7.4% |
| Remuneration and social security | 454/9 | €3,229 | €0 | -€3,229 | -100.0% |
| Other amounts payable | 47/48 | €0 | €14,753 | +€14,753 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €783 | €1,195 | +€412 | +52.7% |
| Other operating charges | 640/8 | €340 | €672 | +€332 | +97.9% |
| Gross operating margin | 9900 | €25,604 | €78,904 | +€53,300 | +208.2% |
| Operating profit (loss) | 9901 | €24,481 | €77,037 | +€52,555 | +214.7% |
| Financial income | 75/76B | €167 | €0 | -€167 | -100.0% |
| Recurring financial income | 75 | €167 | €0 | -€167 | -100.0% |
| Financial charges | 65/66B | €1,366 | €3,637 | +€2,272 | +166.3% |
| Recurring financial charges | 65 | €1,366 | €3,637 | +€2,272 | +166.3% |
| Profit (loss) for the period before taxes | 9903 | €23,283 | €73,400 | +€50,117 | +215.3% |
| Income taxes | 67/77 | €5,489 | €16,102 | +€10,613 | +193.3% |
| Profit (loss) for the period | 9904 | €17,793 | €57,297 | +€39,504 | +222.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,793 | €57,297 | +€39,504 | +222.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.