SOFIA: 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.
SOFIA
Largest movements
- Current investments +€1.0m
new in 2025: €1.0m
- Receivables within one year -€496,019
down €496,019 (-63.9%), from €776,118 to €280,100
of which Other amounts receivable: -€497,530
- Tangible fixed assets -€46,654
down €46,654 (-3.2%), from €1.5m to €1.4m
of which Land and buildings: -€38,332
- Debts after one year +€585,471
up €585,471 (+28.2%), from €2.1m to €2.7m
of which Other amounts payable: +€606,800
- Profit (loss) carried forward -€85,932
down €85,932 (-9.5%), from -€902,525 to -€988,457
- Gross operating margin +€68,714
up €68,714, from -€33,266 to €35,448
- Financial charges +€17,251
up €17,251 (+27.3%), from €63,147 to €80,398
- Other operating charges -€9,743
down €9,743 (-55.4%), from €17,583 to €7,839
- Financial income +€7,588
up €7,588 (+69.1%), from €10,978 to €18,566
- Depreciation +€3,680
up €3,680 (+7.7%), from €48,027 to €51,708
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 | €2,249,838 | €2,739,956 | +€490,119 | +21.8% |
| Fixed assets | 21/28 | €1,469,901 | €1,421,868 | -€48,032 | -3.3% |
| Intangible fixed assets | 21 | €1,379 | €0 | -€1,379 | -100.0% |
| Tangible fixed assets | 22/27 | €1,463,522 | €1,416,868 | -€46,654 | -3.2% |
| Land and buildings | 22 | €1,419,957 | €1,381,625 | -€38,332 | -2.7% |
| Plant, machinery and equipment | 23 | €829 | €634 | -€195 | -23.5% |
| Furniture and vehicles | 24 | €42,736 | €34,609 | -€8,127 | -19.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €779,937 | €1,318,088 | +€538,151 | +69.0% |
| Amounts receivable within one year | 40/41 | €776,118 | €280,100 | -€496,019 | -63.9% |
| Trade receivables | 40 | €20,124 | €21,635 | +€1,512 | +7.5% |
| Other amounts receivable | 41 | €755,995 | €258,464 | -€497,530 | -65.8% |
| Current investments | 50/53 | - | €1,027,281 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €3,721 | €10,587 | +€6,867 | +184.6% |
| Deferred charges and accrued income | 490/1 | €98 | €120 | +€22 | +22.3% |
| Total equity and liabilities | 10/49 | €2,249,838 | €2,739,956 | +€490,119 | +21.8% |
| Equity | 10/15 | €137,969 | €52,037 | -€85,932 | -62.3% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Revaluation surpluses | 12 | €240,000 | €240,000 | = | 0.0% |
| Reserves | 13 | €494 | €494 | = | 0.0% |
| Distributable reserves | 133 | €494 | €494 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€902,525 | -€988,457 | -€85,932 | -9.5% |
| Amounts payable | 17/49 | €2,111,869 | €2,687,919 | +€576,050 | +27.3% |
| Amounts payable after more than one year | 17 | €2,079,708 | €2,665,180 | +€585,471 | +28.2% |
| Financial debts | 170/4 | €66,103 | €44,775 | -€21,329 | -32.3% |
| Other amounts payable | 178/9 | €2,013,605 | €2,620,405 | +€606,800 | +30.1% |
| Amounts payable within one year | 42/48 | €32,161 | €22,659 | -€9,501 | -29.5% |
| Current portion of amounts payable after more than one year | 42 | €20,653 | €21,329 | +€676 | +3.3% |
| Trade debts | 44 | €11,013 | €1,107 | -€9,906 | -90.0% |
| Suppliers | 440/4 | €11,013 | €1,107 | -€9,906 | -90.0% |
| Taxes, remuneration and social security | 45 | €495 | €224 | -€271 | -54.8% |
| Taxes | 450/3 | €495 | €224 | -€271 | -54.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €80 | +€80 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,027 | €51,708 | +€3,680 | +7.7% |
| Other operating charges | 640/8 | €17,583 | €7,839 | -€9,743 | -55.4% |
| Gross operating margin | 9900 | -€33,266 | €35,448 | +€68,714 | |
| Operating profit (loss) | 9901 | -€98,876 | -€24,099 | +€74,777 | +75.6% |
| Financial income | 75/76B | €10,978 | €18,566 | +€7,588 | +69.1% |
| Recurring financial income | 75 | €10,978 | €18,566 | +€7,588 | +69.1% |
| Financial charges | 65/66B | €63,147 | €80,398 | +€17,251 | +27.3% |
| Recurring financial charges | 65 | €63,147 | €80,398 | +€17,251 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | -€151,045 | -€85,932 | +€65,114 | +43.1% |
| Income taxes | 67/77 | €219 | -€0 | -€219 | |
| Profit (loss) for the period | 9904 | -€151,265 | -€85,932 | +€65,333 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€151,265 | -€85,932 | +€65,333 | +43.2% |
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 12 October 2026 via checked.be.