SOFARNO: 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.
What changed
SOFARNO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€5,630
2024 · €333,707-€339,337
Equity
€412,715
2024 · €418,346-€5,630
Cash
€57,149
2024 · €54,826+€2,323
Balance sheet total
€457,396
2024 · €460,711-€3,315
Largest movements
Assets
- Receivables within one year -€8,986
down €8,986 (-32.3%), from €27,790 to €18,805
Equity and liabilities
- Profit (loss) carried forward -€5,630
down €5,630, from €371 to -€5,260
Income statement
- Gross operating margin -€496,431
down €496,431, from €487,895 to -€8,536
- Taxes -€148,578
down €148,578 (-99.8%), from €148,824 to €245
- Financial income +€4,894
up €4,894 (+513.2%), from €954 to €5,848
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.
Result 2024
€333,707
Gross operating margin
-€496,431
Depreciation
-€271
Other operating charges
+€4,006
Financial income
+€4,894
Financial charges
-€114
Taxes
+€148,578
Result 2025
-€5,630
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.
From operations
+€6,486
Investment
-€4,163
Financing
€0
Cash 2024
€54,826
From operations (derived)
+€6,486
Net result for the year
-€5,630
Depreciation
+€1,073
Receivables within one year
+€8,986
Deferred charges and accrued income
-€259
Trade debts
-€405
Tax, wage and social debts
-€165
Other debts
+€2,885
Investment (derived)
-€4,163
Current investments
-€4,163
Cash 2025
€57,149
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €460,711 | €457,396 | -€3,315 | -0.7% |
| Fixed assets | 21/28 | €2,505 | €1,432 | -€1,073 | -42.8% |
| Tangible fixed assets | 22/27 | €2,417 | €1,344 | -€1,073 | -44.4% |
| Furniture and vehicles | 24 | €2,417 | €1,344 | -€1,073 | -44.4% |
| Financial fixed assets | 28 | €88 | €88 | = | 0.0% |
| Current assets | 29/58 | €458,206 | €455,965 | -€2,241 | -0.5% |
| Amounts receivable within one year | 40/41 | €27,790 | €18,805 | -€8,986 | -32.3% |
| Other amounts receivable | 41 | €27,790 | €18,805 | -€8,986 | -32.3% |
| Current investments | 50/53 | €373,415 | €377,578 | +€4,163 | +1.1% |
| Cash at bank and in hand | 54/58 | €54,826 | €57,149 | +€2,323 | +4.2% |
| Deferred charges and accrued income | 490/1 | €2,175 | €2,433 | +€259 | +11.9% |
| Total equity and liabilities | 10/49 | €460,711 | €457,396 | -€3,315 | -0.7% |
| Equity | 10/15 | €418,346 | €412,715 | -€5,630 | -1.3% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €386,975 | €386,975 | = | 0.0% |
| Distributable reserves | 133 | €386,975 | €386,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | €371 | -€5,260 | -€5,630 | |
| Provisions and deferred taxes | 16 | €3,000 | €3,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €3,000 | €3,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €39,365 | €41,681 | +€2,316 | +5.9% |
| Amounts payable within one year | 42/48 | €39,365 | €41,681 | +€2,316 | +5.9% |
| Trade debts | 44 | €1,377 | €972 | -€405 | -29.4% |
| Suppliers | 440/4 | €1,377 | €972 | -€405 | -29.4% |
| Taxes, remuneration and social security | 45 | €33,803 | €33,638 | -€165 | -0.5% |
| Taxes | 450/3 | €29,659 | €29,647 | -€12 | 0.0% |
| Remuneration and social security | 454/9 | €4,144 | €3,991 | -€153 | -3.7% |
| Other amounts payable | 47/48 | €4,186 | €7,071 | +€2,885 | +68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €803 | €1,073 | +€271 | +33.7% |
| Other operating charges | 640/8 | €5,002 | €997 | -€4,006 | -80.1% |
| Gross operating margin | 9900 | €487,895 | -€8,536 | -€496,431 | |
| Operating profit (loss) | 9901 | €482,090 | -€10,606 | -€492,696 | |
| Financial income | 75/76B | €954 | €5,848 | +€4,894 | +513.2% |
| Recurring financial income | 75 | €954 | €5,848 | +€4,894 | +513.2% |
| Financial charges | 65/66B | €514 | €627 | +€114 | +22.2% |
| Recurring financial charges | 65 | €514 | €627 | +€114 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €482,530 | -€5,385 | -€487,915 | |
| Income taxes | 67/77 | €148,824 | €245 | -€148,578 | -99.8% |
| Profit (loss) for the period | 9904 | €333,707 | -€5,630 | -€339,337 | |
| Profit (loss) for the period to be appropriated | 9905 | €333,707 | -€5,630 | -€339,337 |
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.