SOFERTI: 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.
SOFERTI
Largest movements
- Current investments -€75,000
down €75,000 (-50.0%), from €150,000 to €75,000
- Cash -€26,401
down €26,401 (-96.1%), from €27,485 to €1,084
mainly Contributions, distributions and other (-€242,000) and Deferred charges and accrued income (-€16,400)
- Deferred charges and accrued income +€16,400
up €16,400 (+228.3%), from €7,182 to €23,582
- Tangible fixed assets +€7,560
new in 2025: €7,560
of which Furniture and vehicles: +€5,017
- Profit (loss) carried forward -€149,305
down €149,305 (-99.5%), from €149,983 to €678
- Other debts +€83,627
up €83,627 (+1210.2%), from €6,910 to €90,537
- Contributions -€7,500
down €7,500 (-75.0%), from €10,000 to €2,500
- Tax, wage and social debts -€4,688
down €4,688 (-26.7%), from €17,569 to €12,881
- Gross operating margin +€21,992
up €21,992 (+26.0%), from €84,744 to €106,736
- Taxes +€5,987
up €5,987 (+32.7%), from €18,323 to €24,310
- Financial income +€2,242
up €2,242 (+89.2%), from €2,515 to €4,757
- Depreciation +€1,309
new in 2025: €1,309
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 | €184,667 | €107,227 | -€77,440 | -41.9% |
| Fixed assets | 21/28 | - | €7,560 | +€7,560 | |
| Tangible fixed assets | 22/27 | - | €7,560 | +€7,560 | |
| Plant, machinery and equipment | 23 | - | €2,543 | +€2,543 | |
| Furniture and vehicles | 24 | - | €5,017 | +€5,017 | |
| Current assets | 29/58 | €184,667 | €99,667 | -€85,001 | -46.0% |
| Current investments | 50/53 | €150,000 | €75,000 | -€75,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €27,485 | €1,084 | -€26,401 | -96.1% |
| Deferred charges and accrued income | 490/1 | €7,182 | €23,582 | +€16,400 | +228.3% |
| Total equity and liabilities | 10/49 | €184,667 | €107,227 | -€77,440 | -41.9% |
| Equity | 10/15 | €159,983 | €3,178 | -€156,805 | -98.0% |
| Contributions | 10/11 | €10,000 | €2,500 | -€7,500 | -75.0% |
| Profit (loss) carried forward | 14 | €149,983 | €678 | -€149,305 | -99.5% |
| Amounts payable | 17/49 | €24,684 | €104,049 | +€79,365 | +321.5% |
| Amounts payable within one year | 42/48 | €24,684 | €104,049 | +€79,365 | +321.5% |
| Trade debts | 44 | €205 | €631 | +€426 | +208.1% |
| Suppliers | 440/4 | €205 | €631 | +€426 | +208.1% |
| Taxes, remuneration and social security | 45 | €17,569 | €12,881 | -€4,688 | -26.7% |
| Taxes | 450/3 | €17,569 | €12,881 | -€4,688 | -26.7% |
| Other amounts payable | 47/48 | €6,910 | €90,537 | +€83,627 | +1210.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,309 | +€1,309 | |
| Other operating charges | 640/8 | €387 | €463 | +€76 | +19.6% |
| Gross operating margin | 9900 | €84,744 | €106,736 | +€21,992 | +26.0% |
| Operating profit (loss) | 9901 | €84,357 | €104,964 | +€20,607 | +24.4% |
| Financial income | 75/76B | €2,515 | €4,757 | +€2,242 | +89.2% |
| Recurring financial income | 75 | €2,515 | €4,757 | +€2,242 | +89.2% |
| Financial charges | 65/66B | €135 | €216 | +€81 | +59.8% |
| Recurring financial charges | 65 | €135 | €216 | +€81 | +59.8% |
| Profit (loss) for the period before taxes | 9903 | €86,737 | €109,505 | +€22,768 | +26.2% |
| Income taxes | 67/77 | €18,323 | €24,310 | +€5,987 | +32.7% |
| Profit (loss) for the period | 9904 | €68,413 | €85,195 | +€16,782 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,413 | €85,195 | +€16,782 | +24.5% |
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.