SOFERLI: 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.
SOFERLI
Largest movements
- Receivables within one year +€135,740
up €135,740 (+28.8%), from €470,639 to €606,379
of which Trade receivables: +€146,417
- Tangible fixed assets -€101,207
down €101,207 (-16.3%), from €619,663 to €518,456
- Cash +€68,604
up €68,604 (+59.1%), from €116,113 to €184,717
mainly Trade debts (+€111,185) and Depreciation (+€103,946)
- Stocks and contracts -€29,903
down €29,903 (-11.5%), from €259,097 to €229,194
- Debts after one year -€129,386
down €129,386 (-42.3%), from €306,107 to €176,721
of which Financial debts: -€68,205
- Trade debts +€111,185
up €111,185 (+36.0%), from €308,576 to €419,761
- Other debts +€54,995
up €54,995 (+366.5%), from €15,005 to €70,000
- Tax, wage and social debts +€28,420
up €28,420 (+49.7%), from €57,164 to €85,584
of which Taxes: +€23,725
- Gross operating margin +€110,485
up €110,485 (+22.4%), from €492,262 to €602,747
- Taxes +€27,848
up €27,848 (+732.0%), from €3,805 to €31,653
- Staff costs +€23,286
up €23,286 (+7.1%), from €327,369 to €350,655
- Financial charges -€16,264
down €16,264 (-39.6%), from €41,040 to €24,776
of which Non-recurring financial charges: -€10,785
- Write-downs +€6,795
up €6,795 (+594.7%), from €1,143 to €7,937
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 | €1,806,977 | €1,882,913 | +€75,936 | +4.2% |
| Fixed assets | 21/28 | €620,112 | €521,849 | -€98,263 | -15.8% |
| Intangible fixed assets | 21 | - | €2,944 | +€2,944 | |
| Tangible fixed assets | 22/27 | €619,663 | €518,456 | -€101,207 | -16.3% |
| Plant, machinery and equipment | 23 | €150,844 | €123,778 | -€27,066 | -17.9% |
| Furniture and vehicles | 24 | €45,298 | €30,767 | -€14,531 | -32.1% |
| Leasing and similar rights | 25 | €293,664 | €251,514 | -€42,150 | -14.4% |
| Other tangible fixed assets | 26 | €129,856 | €112,397 | -€17,460 | -13.4% |
| Financial fixed assets | 28 | €449 | €449 | = | 0.0% |
| Current assets | 29/58 | €1,186,866 | €1,361,064 | +€174,198 | +14.7% |
| Amounts receivable after more than one year | 29 | €338,389 | €338,389 | = | 0.0% |
| Trade receivables | 290 | €338,389 | €338,389 | = | 0.0% |
| Stocks and contracts in progress | 3 | €259,097 | €229,194 | -€29,903 | -11.5% |
| Stocks | 30/36 | €259,097 | €229,194 | -€29,903 | -11.5% |
| Amounts receivable within one year | 40/41 | €470,639 | €606,379 | +€135,740 | +28.8% |
| Trade receivables | 40 | €459,376 | €605,793 | +€146,417 | +31.9% |
| Other amounts receivable | 41 | €11,263 | €586 | -€10,677 | -94.8% |
| Cash at bank and in hand | 54/58 | €116,113 | €184,717 | +€68,604 | +59.1% |
| Deferred charges and accrued income | 490/1 | €2,629 | €2,386 | -€243 | -9.2% |
| Total equity and liabilities | 10/49 | €1,806,977 | €1,882,913 | +€75,936 | +4.2% |
| Equity | 10/15 | €717,693 | €727,072 | +€9,379 | +1.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €121,609 | €121,609 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €115,409 | €115,409 | = | 0.0% |
| Profit (loss) carried forward | 14 | €534,084 | €543,463 | +€9,379 | +1.8% |
| Investment grants | 15 | €0 | €0 | = | 0.0% |
| Provisions and deferred taxes | 16 | €0 | €0 | = | 0.0% |
| Deferred taxes | 168 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €1,089,284 | €1,155,841 | +€66,557 | +6.1% |
| Amounts payable after more than one year | 17 | €306,107 | €176,721 | -€129,386 | -42.3% |
| Financial debts | 170/4 | €118,968 | €50,764 | -€68,205 | -57.3% |
| Trade debts | 175 | €187,139 | €125,957 | -€61,181 | -32.7% |
| Amounts payable within one year | 42/48 | €783,177 | €979,108 | +€195,930 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €126,333 | €129,386 | +€3,053 | +2.4% |
| Financial debts | 43 | €276,100 | €274,376 | -€1,723 | -0.6% |
| Credit institutions | 430/8 | €276,100 | €274,376 | -€1,723 | -0.6% |
| Trade debts | 44 | €308,576 | €419,761 | +€111,185 | +36.0% |
| Suppliers | 440/4 | €308,576 | €419,761 | +€111,185 | +36.0% |
| Taxes, remuneration and social security | 45 | €57,164 | €85,584 | +€28,420 | +49.7% |
| Taxes | 450/3 | €23,441 | €47,166 | +€23,725 | +101.2% |
| Remuneration and social security | 454/9 | €33,722 | €38,418 | +€4,695 | +13.9% |
| Other amounts payable | 47/48 | €15,005 | €70,000 | +€54,995 | +366.5% |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Remuneration, social security and pensions | 62 | €327,369 | €350,655 | +€23,286 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,363 | €103,946 | +€2,583 | +2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,143 | €7,937 | +€6,795 | +594.7% |
| Other operating charges | 640/8 | €4,333 | €4,496 | +€163 | +3.8% |
| Gross operating margin | 9900 | €492,262 | €602,747 | +€110,485 | +22.4% |
| Operating profit (loss) | 9901 | €58,054 | €135,713 | +€77,659 | +133.8% |
| Financial income | 75/76B | €1,222 | €95 | -€1,128 | -92.3% |
| Recurring financial income | 75 | €1,222 | €95 | -€1,128 | -92.3% |
| Financial charges | 65/66B | €41,040 | €24,776 | -€16,264 | -39.6% |
| Recurring financial charges | 65 | €30,255 | €24,776 | -€5,479 | -18.1% |
| Non-recurring financial charges | 66B | €10,785 | - | -€10,785 | |
| Profit (loss) for the period before taxes | 9903 | €18,237 | €111,032 | +€92,795 | +508.8% |
| Income taxes | 67/77 | €3,805 | €31,653 | +€27,848 | +732.0% |
| Profit (loss) for the period | 9904 | €14,432 | €79,379 | +€64,947 | +450.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,432 | €79,379 | +€64,947 | +450.0% |
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 9 October 2026 via checked.be.