Sofarel: 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.
Sofarel
Largest movements
- Tangible fixed assets -€15,209
down €15,209 (-28.1%), from €54,193 to €38,984
of which Land and buildings: -€15,764
- Receivables within one year +€11,142
up €11,142 (+19.0%), from €58,626 to €69,768
of which Other amounts receivable: +€24,750
- Cash -€3,064
no longer reported in 2025 (was €3,064)
mainly Receivables within one year (-€11,142) and Trade debts (-€9,786)
- Deferred charges and accrued income +€1,426
up €1,426 (+66.3%), from €2,152 to €3,578
- Advances received +€11,677
new in 2025: €11,677
- Trade debts -€9,786
down €9,786 (-38.6%), from €25,336 to €15,551
- Short-term financial debts -€8,081
down €8,081 (-16.2%), from €50,000 to €41,919
- Tax, wage and social debts +€1,779
up €1,779 (+142.4%), from €1,250 to €3,030
- Profit (loss) carried forward -€1,569
down €1,569 (-1.7%), from -€90,171 to -€91,740
- Gross operating margin -€4,578
down €4,578 (-12.9%), from €35,515 to €30,937
- Taxes +€3,158
up €3,158 (+253.5%), from €1,246 to €4,404
- Financial charges -€2,637
down €2,637 (-35.2%), from €7,485 to €4,848
- Depreciation -€830
down €830 (-4.6%), from €17,981 to €17,151
- Other operating charges +€769
up €769 (+14.0%), from €5,476 to €6,244
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 | €124,970 | €118,990 | -€5,980 | -4.8% |
| Fixed assets | 21/28 | €58,869 | €43,660 | -€15,209 | -25.8% |
| Tangible fixed assets | 22/27 | €54,193 | €38,984 | -€15,209 | -28.1% |
| Land and buildings | 22 | €52,020 | €36,257 | -€15,764 | -30.3% |
| Plant, machinery and equipment | 23 | €2,173 | €1,743 | -€430 | -19.8% |
| Furniture and vehicles | 24 | - | €984 | +€984 | |
| Financial fixed assets | 28 | €4,676 | €4,676 | = | 0.0% |
| Current assets | 29/58 | €66,101 | €75,331 | +€9,230 | +14.0% |
| Stocks and contracts in progress | 3 | €2,260 | €1,985 | -€275 | -12.2% |
| Stocks | 30/36 | €2,260 | €1,985 | -€275 | -12.2% |
| Amounts receivable within one year | 40/41 | €58,626 | €69,768 | +€11,142 | +19.0% |
| Trade receivables | 40 | €44,387 | €30,780 | -€13,608 | -30.7% |
| Other amounts receivable | 41 | €14,238 | €38,988 | +€24,750 | +173.8% |
| Cash at bank and in hand | 54/58 | €3,064 | - | -€3,064 | |
| Deferred charges and accrued income | 490/1 | €2,152 | €3,578 | +€1,426 | +66.3% |
| Total equity and liabilities | 10/49 | €124,970 | €118,990 | -€5,980 | -4.8% |
| Equity | 10/15 | €48,383 | €46,814 | -€1,569 | -3.2% |
| Contributions | 10/11 | €124,727 | €124,727 | = | 0.0% |
| Reserves | 13 | €13,827 | €13,827 | = | 0.0% |
| Distributable reserves | 133 | €13,827 | €13,827 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,171 | -€91,740 | -€1,569 | -1.7% |
| Amounts payable | 17/49 | €76,587 | €72,176 | -€4,411 | -5.8% |
| Amounts payable within one year | 42/48 | €76,587 | €72,176 | -€4,411 | -5.8% |
| Financial debts | 43 | €50,000 | €41,919 | -€8,081 | -16.2% |
| Credit institutions | 430/8 | €50,000 | €41,919 | -€8,081 | -16.2% |
| Trade debts | 44 | €25,336 | €15,551 | -€9,786 | -38.6% |
| Suppliers | 440/4 | €25,336 | €15,551 | -€9,786 | -38.6% |
| Advances received on contracts in progress | 46 | - | €11,677 | +€11,677 | |
| Taxes, remuneration and social security | 45 | €1,250 | €3,030 | +€1,779 | +142.4% |
| Taxes | 450/3 | €1,250 | €3,030 | +€1,779 | +142.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,981 | €17,151 | -€830 | -4.6% |
| Other operating charges | 640/8 | €5,476 | €6,244 | +€769 | +14.0% |
| Gross operating margin | 9900 | €35,515 | €30,937 | -€4,578 | -12.9% |
| Operating profit (loss) | 9901 | €12,058 | €7,542 | -€4,516 | -37.5% |
| Financial income | 75/76B | €3 | €141 | +€138 | +4244.1% |
| Recurring financial income | 75 | €3 | €141 | +€138 | +4244.1% |
| Financial charges | 65/66B | €7,485 | €4,848 | -€2,637 | -35.2% |
| Recurring financial charges | 65 | €7,485 | €4,848 | -€2,637 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €4,576 | €2,835 | -€1,741 | -38.1% |
| Income taxes | 67/77 | €1,246 | €4,404 | +€3,158 | +253.5% |
| Profit (loss) for the period | 9904 | €3,330 | -€1,569 | -€4,899 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,330 | -€1,569 | -€4,899 |
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.