SOFI-SOFA: 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.
SOFI-SOFA
Largest movements
- Tangible fixed assets -€29,466
down €29,466 (-5.3%), from €556,777 to €527,312
- Cash -€29,221
down €29,221 (-50.8%), from €57,529 to €28,309
mainly Debts after one year (-€52,206) and Tax, wage and social debts (-€11,887)
- Receivables within one year +€9,951
up €9,951 (+38.1%), from €26,139 to €36,090
of which Other amounts receivable: +€12,454
- Debts after one year -€52,206
down €52,206 (-17.1%), from €304,686 to €252,480
- Tax, wage and social debts -€11,887
down €11,887 (-50.8%), from €23,400 to €11,513
- Reserves +€8,249
up €8,249 (+3.3%), from €248,501 to €256,751
- Gross operating margin -€27,459
down €27,459 (-32.8%), from €83,822 to €56,362
- Taxes -€4,842
down €4,842 (-45.1%), from €10,743 to €5,901
- Depreciation -€2,277
down €2,277 (-7.2%), from €31,742 to €29,466
- Other operating charges -€854
down €854 (-18.0%), from €4,751 to €3,897
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 | €646,319 | €597,053 | -€49,267 | -7.6% |
| Fixed assets | 21/28 | €556,897 | €527,432 | -€29,466 | -5.3% |
| Tangible fixed assets | 22/27 | €556,777 | €527,312 | -€29,466 | -5.3% |
| Land and buildings | 22 | €505,480 | €491,509 | -€13,971 | -2.8% |
| Furniture and vehicles | 24 | €170 | €64 | -€106 | -62.2% |
| Leasing and similar rights | 25 | €48,728 | €34,590 | -€14,138 | -29.0% |
| Other tangible fixed assets | 26 | €2,398 | €1,148 | -€1,250 | -52.1% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €89,422 | €69,621 | -€19,801 | -22.1% |
| Stocks and contracts in progress | 3 | €3,232 | €4,518 | +€1,286 | +39.8% |
| Stocks | 30/36 | €3,232 | €4,518 | +€1,286 | +39.8% |
| Amounts receivable within one year | 40/41 | €26,139 | €36,090 | +€9,951 | +38.1% |
| Trade receivables | 40 | €3,228 | €726 | -€2,502 | -77.5% |
| Other amounts receivable | 41 | €22,911 | €35,364 | +€12,454 | +54.4% |
| Cash at bank and in hand | 54/58 | €57,529 | €28,309 | -€29,221 | -50.8% |
| Deferred charges and accrued income | 490/1 | €2,522 | €704 | -€1,818 | -72.1% |
| Total equity and liabilities | 10/49 | €646,319 | €597,053 | -€49,267 | -7.6% |
| Equity | 10/15 | €254,701 | €262,951 | +€8,249 | +3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €248,501 | €256,751 | +€8,249 | +3.3% |
| Distributable reserves | 133 | €248,501 | €256,751 | +€8,249 | +3.3% |
| Amounts payable | 17/49 | €391,618 | €334,102 | -€57,516 | -14.7% |
| Amounts payable after more than one year | 17 | €304,686 | €252,480 | -€52,206 | -17.1% |
| Financial debts | 170/4 | €304,686 | €252,480 | -€52,206 | -17.1% |
| Amounts payable within one year | 42/48 | €86,932 | €81,622 | -€5,310 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €48,931 | €54,463 | +€5,532 | +11.3% |
| Financial debts | 43 | - | €2,307 | +€2,307 | |
| Credit institutions | 430/8 | - | €2,307 | +€2,307 | |
| Trade debts | 44 | €14,601 | €13,340 | -€1,262 | -8.6% |
| Suppliers | 440/4 | €14,601 | €13,340 | -€1,262 | -8.6% |
| Taxes, remuneration and social security | 45 | €23,400 | €11,513 | -€11,887 | -50.8% |
| Taxes | 450/3 | €23,400 | €11,513 | -€11,887 | -50.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,742 | €29,466 | -€2,277 | -7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,184 | €1,404 | +€219 | +18.5% |
| Other operating charges | 640/8 | €4,751 | €3,897 | -€854 | -18.0% |
| Gross operating margin | 9900 | €83,822 | €56,362 | -€27,459 | -32.8% |
| Operating profit (loss) | 9901 | €46,145 | €21,596 | -€24,548 | -53.2% |
| Financial income | 75/76B | €903 | €1,101 | +€198 | +21.9% |
| Recurring financial income | 75 | €903 | €1,101 | +€198 | +21.9% |
| Financial charges | 65/66B | €9,223 | €8,547 | -€676 | -7.3% |
| Recurring financial charges | 65 | €9,223 | €8,547 | -€676 | -7.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €37,824 | €14,150 | -€23,674 | -62.6% |
| Income taxes | 67/77 | €10,743 | €5,901 | -€4,842 | -45.1% |
| Profit (loss) for the period | 9904 | €27,081 | €8,249 | -€18,832 | -69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,081 | €8,249 | -€18,832 | -69.5% |
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 2 October 2026 via checked.be.