SOFEL: 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.
What changed
SOFEL
NACE 20.140, Manufacture of chemicals and chemical products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€514,396
2024 · €496,473+€17,923
Equity
€2.5m
2024 · €2.1m+€364,396
Cash
€249,425
2024 · €247,425+€2,000
Balance sheet total
€4.0m
2024 · €3.9m+€111,692
Largest movements
Assets
- Stocks and contracts +€95,259
up €95,259 (+8.8%), from €1.1m to €1.2m
- Tangible fixed assets +€76,706
up €76,706 (+4.8%), from €1.6m to €1.7m
of which Plant, machinery and equipment: +€97,410
Equity and liabilities
- Reserves +€364,396
up €364,396 (+17.1%), from €2.1m to €2.5m
- Trade debts -€132,138
down €132,138 (-24.0%), from €550,793 to €418,655
- Debts after one year -€113,589
down €113,589 (-17.1%), from €663,255 to €549,666
Income statement
- Depreciation +€20,675
up €20,675 (+10.1%), from €203,963 to €224,638
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
€496,473
Gross operating margin
+€12,329
Staff costs
+€2,415
Depreciation
-€20,675
Write-downs
-€354
Other operating charges
-€760
Financial income
+€6,063
Financial charges
+€14,993
Taxes
+€3,913
Result 2025
€514,396
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
+€542,465
Investment
-€278,891
Financing
-€261,574
Cash 2024
€247,425
From operations (derived)
+€542,465
Net result for the year
+€514,396
Depreciation
+€224,638
Stocks and contracts
-€95,259
Receivables within one year
+€39,239
Deferred charges and accrued income
+€582
Trade debts
-€132,138
Tax, wage and social debts
-€12,661
Accrued charges and deferred income
+€3,669
Investment (derived)
-€278,891
Investment in fixed assets (net)
-€278,891
Financing
-€261,574
Debts after one year
-€113,589
Current portion of long-term debt
-€28,903
Short-term financial debts
+€30,917
Contributions, distributions and other
-€150,000
Cash 2025
€249,425
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,883,589 | €3,995,281 | +€111,692 | +2.9% |
| Fixed assets | 21/28 | €1,637,095 | €1,691,349 | +€54,254 | +3.3% |
| Intangible fixed assets | 21 | €51,690 | €29,237 | -€22,453 | -43.4% |
| Tangible fixed assets | 22/27 | €1,582,610 | €1,659,317 | +€76,706 | +4.8% |
| Land and buildings | 22 | €1,362,381 | €1,310,189 | -€52,192 | -3.8% |
| Plant, machinery and equipment | 23 | €148,448 | €245,858 | +€97,410 | +65.6% |
| Furniture and vehicles | 24 | €66,559 | €100,726 | +€34,167 | +51.3% |
| Leasing and similar rights | 25 | €2,679 | €0 | -€2,679 | -100.0% |
| Other tangible fixed assets | 26 | €2,544 | €2,544 | = | 0.0% |
| Financial fixed assets | 28 | €2,795 | €2,795 | = | 0.0% |
| Current assets | 29/58 | €2,246,494 | €2,303,932 | +€57,438 | +2.6% |
| Stocks and contracts in progress | 3 | €1,084,869 | €1,180,128 | +€95,259 | +8.8% |
| Stocks | 30/36 | €1,084,869 | €1,180,128 | +€95,259 | +8.8% |
| Amounts receivable within one year | 40/41 | €879,974 | €840,735 | -€39,239 | -4.5% |
| Trade receivables | 40 | €824,747 | €729,534 | -€95,213 | -11.5% |
| Other amounts receivable | 41 | €55,227 | €111,202 | +€55,974 | +101.4% |
| Cash at bank and in hand | 54/58 | €247,425 | €249,425 | +€2,000 | +0.8% |
| Deferred charges and accrued income | 490/1 | €34,226 | €33,644 | -€582 | -1.7% |
| Total equity and liabilities | 10/49 | €3,883,589 | €3,995,281 | +€111,692 | +2.9% |
| Equity | 10/15 | €2,149,386 | €2,513,782 | +€364,396 | +17.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,130,794 | €2,495,190 | +€364,396 | +17.1% |
| Distributable reserves | 133 | €2,130,794 | €2,495,190 | +€364,396 | +17.1% |
| Provisions and deferred taxes | 16 | €32,000 | €32,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €32,000 | €32,000 | = | 0.0% |
| Environmental obligations | 163 | €32,000 | €32,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,702,203 | €1,449,499 | -€252,704 | -14.8% |
| Amounts payable after more than one year | 17 | €663,255 | €549,666 | -€113,589 | -17.1% |
| Financial debts | 170/4 | €663,255 | €549,666 | -€113,589 | -17.1% |
| Amounts payable within one year | 42/48 | €1,036,362 | €893,577 | -€142,784 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €142,491 | €113,589 | -€28,903 | -20.3% |
| Financial debts | 43 | €2,910 | €33,827 | +€30,917 | +1062.5% |
| Credit institutions | 430/8 | €2,910 | €33,827 | +€30,917 | +1062.5% |
| Trade debts | 44 | €550,793 | €418,655 | -€132,138 | -24.0% |
| Suppliers | 440/4 | €550,793 | €418,655 | -€132,138 | -24.0% |
| Taxes, remuneration and social security | 45 | €147,667 | €135,007 | -€12,661 | -8.6% |
| Taxes | 450/3 | €70,904 | €53,491 | -€17,414 | -24.6% |
| Remuneration and social security | 454/9 | €76,763 | €81,516 | +€4,753 | +6.2% |
| Other amounts payable | 47/48 | €192,500 | €192,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,587 | €6,256 | +€3,669 | +141.8% |
| Remuneration, social security and pensions | 62 | €1,060,827 | €1,058,412 | -€2,415 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,963 | €224,638 | +€20,675 | +10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €318 | €672 | +€354 | +111.4% |
| Other operating charges | 640/8 | €35,821 | €36,581 | +€760 | +2.1% |
| Gross operating margin | 9900 | €2,037,398 | €2,049,727 | +€12,329 | +0.6% |
| Operating profit (loss) | 9901 | €736,470 | €729,424 | -€7,046 | -1.0% |
| Financial income | 75/76B | - | €6,063 | +€6,063 | |
| Recurring financial income | 75 | - | €6,063 | +€6,063 | |
| Financial charges | 65/66B | €65,886 | €50,893 | -€14,993 | -22.8% |
| Recurring financial charges | 65 | €65,886 | €50,893 | -€14,993 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €670,584 | €684,594 | +€14,010 | +2.1% |
| Income taxes | 67/77 | €174,111 | €170,198 | -€3,913 | -2.2% |
| Profit (loss) for the period | 9904 | €496,473 | €514,396 | +€17,923 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €496,473 | €514,396 | +€17,923 | +3.6% |
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 10 October 2026 via checked.be.