SOFARIN: 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.
SOFARIN
Largest movements
- Tangible fixed assets -€44,193
down €44,193 (-11.1%), from €398,826 to €354,633
of which Land and buildings: -€28,459
- Receivables within one year -€28,602
down €28,602 (-34.9%), from €82,017 to €53,415
of which Trade receivables: -€21,547
- Cash +€12,399
up €12,399 (+22.3%), from €55,555 to €67,954
mainly Depreciation (+€41,770) and Receivables within one year (+€28,602)
- Trade debts -€35,868
down €35,868 (-72.4%), from €49,545 to €13,677
- Profit (loss) carried forward -€19,757
down €19,757 (-30.8%), from €64,163 to €44,406
- Other debts -€8,521
down €8,521 (-2.2%), from €387,590 to €379,069
- Gross operating margin -€9,687
down €9,687 (-9.5%), from €101,679 to €91,992
- Taxes +€9,193
new in 2025: €9,193
- Other operating charges -€3,617
down €3,617 (-11.7%), from €30,866 to €27,249
- Financial charges +€1,823
up €1,823 (+273.7%), from €666 to €2,489
- Depreciation +€1,184
up €1,184 (+2.9%), from €40,586 to €41,770
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 | €536,398 | €476,002 | -€60,396 | -11.3% |
| Fixed assets | 21/28 | €398,826 | €354,633 | -€44,193 | -11.1% |
| Tangible fixed assets | 22/27 | €398,826 | €354,633 | -€44,193 | -11.1% |
| Land and buildings | 22 | €362,855 | €334,396 | -€28,459 | -7.8% |
| Plant, machinery and equipment | 23 | €14,161 | €6,254 | -€7,907 | -55.8% |
| Furniture and vehicles | 24 | €17,654 | €10,577 | -€7,077 | -40.1% |
| Other tangible fixed assets | 26 | €4,156 | €3,406 | -€750 | -18.0% |
| Current assets | 29/58 | €137,572 | €121,369 | -€16,203 | -11.8% |
| Amounts receivable within one year | 40/41 | €82,017 | €53,415 | -€28,602 | -34.9% |
| Trade receivables | 40 | €74,286 | €52,739 | -€21,547 | -29.0% |
| Other amounts receivable | 41 | €7,731 | €676 | -€7,055 | -91.3% |
| Cash at bank and in hand | 54/58 | €55,555 | €67,954 | +€12,399 | +22.3% |
| Total equity and liabilities | 10/49 | €536,398 | €476,002 | -€60,396 | -11.3% |
| Equity | 10/15 | €82,763 | €63,006 | -€19,757 | -23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,163 | €44,406 | -€19,757 | -30.8% |
| Amounts payable | 17/49 | €453,635 | €412,996 | -€40,639 | -9.0% |
| Amounts payable after more than one year | 17 | €16,500 | €16,500 | = | 0.0% |
| Other amounts payable | 178/9 | €16,500 | €16,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €437,135 | €396,496 | -€40,639 | -9.3% |
| Trade debts | 44 | €49,545 | €13,677 | -€35,868 | -72.4% |
| Suppliers | 440/4 | €49,545 | €13,677 | -€35,868 | -72.4% |
| Taxes, remuneration and social security | 45 | - | €3,750 | +€3,750 | |
| Taxes | 450/3 | - | €3,750 | +€3,750 | |
| Other amounts payable | 47/48 | €387,590 | €379,069 | -€8,521 | -2.2% |
| Non-recurring operating income | 76A | - | €11,295 | +€11,295 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,586 | €41,770 | +€1,184 | +2.9% |
| Other operating charges | 640/8 | €30,866 | €27,249 | -€3,617 | -11.7% |
| Non-recurring operating charges | 66A | - | €6,048 | +€6,048 | |
| Gross operating margin | 9900 | €101,679 | €91,992 | -€9,687 | -9.5% |
| Operating profit (loss) | 9901 | €30,227 | €16,925 | -€13,302 | -44.0% |
| Financial charges | 65/66B | €666 | €2,489 | +€1,823 | +273.7% |
| Recurring financial charges | 65 | €666 | €2,489 | +€1,823 | +273.7% |
| Profit (loss) for the period before taxes | 9903 | €29,561 | €14,436 | -€15,125 | -51.2% |
| Income taxes | 67/77 | - | €9,193 | +€9,193 | |
| Profit (loss) for the period | 9904 | €29,561 | €5,243 | -€24,318 | -82.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,561 | €5,243 | -€24,318 | -82.3% |
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 6 October 2026 via checked.be.