SOFFIMCO: 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.
SOFFIMCO
Largest movements
- Tangible fixed assets +€58.9m
up €58.9m (+393.5%), from €15.0m to €73.9m
- Current investments -€2.0m
down €2.0m (-33.7%), from €6.0m to €4.0m
- Contributions +€29.0m
up €29.0m (+23397.1%), from €123,947 to €29.1m
- Debts after one year +€26.2m
up €26.2m (+157.9%), from €16.6m to €42.8m
- Current portion of long-term debt +€1.7m
up €1.7m (+251.8%), from €655,975 to €2.3m
- Gross operating margin +€1.5m
up €1.5m (+116.0%), from €1.3m to €2.9m
- Depreciation +€1.4m
up €1.4m (+472.5%), from €289,699 to €1.7m
- Financial income -€1.1m
down €1.1m (-92.1%), from €1.2m to €91,799
- Financial charges +€245,777
up €245,777 (+49.8%), from €493,080 to €738,857
- Other operating charges +€68,199
up €68,199 (+86.7%), from €78,629 to €146,828
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 | €21,465,290 | €78,753,482 | +€57.3m | +266.9% |
| Fixed assets | 21/28 | €14,967,732 | €73,868,400 | +€58.9m | +393.5% |
| Tangible fixed assets | 22/27 | €14,967,732 | €73,868,400 | +€58.9m | +393.5% |
| Land and buildings | 22 | €14,967,732 | €73,868,400 | +€58.9m | +393.5% |
| Current assets | 29/58 | €6,497,558 | €4,885,082 | -€1.6m | -24.8% |
| Amounts receivable within one year | 40/41 | €83,655 | €298,532 | +€214,877 | +256.9% |
| Trade receivables | 40 | €76,525 | €99,068 | +€22,543 | +29.5% |
| Other amounts receivable | 41 | €7,130 | €199,464 | +€192,334 | +2697.5% |
| Current investments | 50/53 | €6,031,695 | €4,000,000 | -€2.0m | -33.7% |
| Cash at bank and in hand | 54/58 | €346,074 | €410,372 | +€64,298 | +18.6% |
| Deferred charges and accrued income | 490/1 | €36,134 | €176,178 | +€140,044 | +387.6% |
| Total equity and liabilities | 10/49 | €21,465,290 | €78,753,482 | +€57.3m | +266.9% |
| Equity | 10/15 | €4,103,496 | €33,378,196 | +€29.3m | +713.4% |
| Contributions | 10/11 | €123,947 | €29,123,947 | +€29.0m | +23397.1% |
| Reserves | 13 | €1,176,658 | €1,176,658 | = | 0.0% |
| Distributable reserves | 133 | €1,176,658 | €1,176,658 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,802,891 | €3,077,591 | +€274,700 | +9.8% |
| Amounts payable | 17/49 | €17,361,794 | €45,375,286 | +€28.0m | +161.4% |
| Amounts payable after more than one year | 17 | €16,583,861 | €42,776,370 | +€26.2m | +157.9% |
| Financial debts | 170/4 | €16,583,861 | €42,776,370 | +€26.2m | +157.9% |
| Amounts payable within one year | 42/48 | €668,015 | €2,330,519 | +€1.7m | +248.9% |
| Current portion of amounts payable after more than one year | 42 | €655,975 | €2,307,491 | +€1.7m | +251.8% |
| Trade debts | 44 | €7,213 | €19,221 | +€12,008 | +166.5% |
| Suppliers | 440/4 | €7,213 | €19,221 | +€12,008 | +166.5% |
| Taxes, remuneration and social security | 45 | €4,827 | €3,807 | -€1,020 | -21.1% |
| Taxes | 450/3 | €4,827 | €3,807 | -€1,020 | -21.1% |
| Accrued charges and deferred income | 492/3 | €109,918 | €268,397 | +€158,479 | +144.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €289,699 | €1,658,436 | +€1.4m | +472.5% |
| Other operating charges | 640/8 | €78,629 | €146,828 | +€68,199 | +86.7% |
| Non-recurring operating charges | 66A | - | €32,820 | +€32,820 | |
| Gross operating margin | 9900 | €1,320,904 | €2,853,063 | +€1.5m | +116.0% |
| Operating profit (loss) | 9901 | €952,576 | €1,014,979 | +€62,403 | +6.6% |
| Financial income | 75/76B | €1,163,470 | €91,799 | -€1.1m | -92.1% |
| Recurring financial income | 75 | €1,163,470 | €91,799 | -€1.1m | -92.1% |
| Financial charges | 65/66B | €493,080 | €738,857 | +€245,777 | +49.8% |
| Recurring financial charges | 65 | €493,080 | €738,857 | +€245,777 | +49.8% |
| Profit (loss) for the period before taxes | 9903 | €1,622,966 | €367,921 | -€1.3m | -77.3% |
| Income taxes | 67/77 | €157,986 | €93,221 | -€64,765 | -41.0% |
| Profit (loss) for the period | 9904 | €1,464,980 | €274,700 | -€1.2m | -81.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,464,980 | €274,700 | -€1.2m | -81.2% |
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 4 October 2026 via checked.be.