SOFIAC: 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.
SOFIAC
Largest movements
- Cash +€75,424
up €75,424 (+43.7%), from €172,691 to €248,115
mainly Short-term financial debts (+€100,000) and Depreciation (+€26,516)
- Short-term financial debts +€100,000
up €100,000 (+80.0%), from €125,000 to €225,000
- Other debts -€47,634
down €47,634 (-63.1%), from €75,505 to €27,872
- Debts after one year -€30,737
down €30,737 (-32.0%), from €96,164 to €65,427
- Tax, wage and social debts +€22,472
up €22,472 (+18.4%), from €121,896 to €144,368
of which Remuneration and social security: +€11,599
- Trade debts +€16,279
up €16,279 (+31.8%), from €51,222 to €67,501
- Staff costs +€185,570
up €185,570 (+39.9%), from €465,535 to €651,105
- Gross operating margin +€167,097
up €167,097 (+27.5%), from €606,848 to €773,946
- Write-downs +€13,769
up €13,769, from -€4,489 to €9,280
- Financial charges +€7,756
up €7,756 (+49.5%), from €15,658 to €23,414
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 | €689,363 | €759,339 | +€69,976 | +10.2% |
| Fixed assets | 21/28 | €69,841 | €74,945 | +€5,105 | +7.3% |
| Tangible fixed assets | 22/27 | €69,441 | €74,545 | +€5,105 | +7.4% |
| Plant, machinery and equipment | 23 | €40,137 | €45,727 | +€5,589 | +13.9% |
| Furniture and vehicles | 24 | €29,303 | €28,819 | -€485 | -1.7% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €619,523 | €684,394 | +€64,871 | +10.5% |
| Amounts receivable within one year | 40/41 | €427,271 | €423,286 | -€3,985 | -0.9% |
| Trade receivables | 40 | €416,939 | €423,174 | +€6,234 | +1.5% |
| Other amounts receivable | 41 | €10,331 | €112 | -€10,219 | -98.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €172,691 | €248,115 | +€75,424 | +43.7% |
| Deferred charges and accrued income | 490/1 | €19,561 | €12,993 | -€6,568 | -33.6% |
| Total equity and liabilities | 10/49 | €689,363 | €759,339 | +€69,976 | +10.2% |
| Equity | 10/15 | €192,877 | €197,521 | +€4,644 | +2.4% |
| Contributions | 10/11 | €45,500 | €45,500 | = | 0.0% |
| Reserves | 13 | €8,235 | €8,235 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,585 | €1,585 | = | 0.0% |
| Distributable reserves | 133 | €6,650 | €6,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,142 | €143,786 | +€4,644 | +3.3% |
| Amounts payable | 17/49 | €496,486 | €561,818 | +€65,332 | +13.2% |
| Amounts payable after more than one year | 17 | €96,164 | €65,427 | -€30,737 | -32.0% |
| Financial debts | 170/4 | €96,164 | €65,427 | -€30,737 | -32.0% |
| Amounts payable within one year | 42/48 | €400,322 | €496,391 | +€96,069 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €26,699 | €31,651 | +€4,952 | +18.5% |
| Financial debts | 43 | €125,000 | €225,000 | +€100,000 | +80.0% |
| Credit institutions | 430/8 | €125,000 | €225,000 | +€100,000 | +80.0% |
| Trade debts | 44 | €51,222 | €67,501 | +€16,279 | +31.8% |
| Suppliers | 440/4 | €51,222 | €67,501 | +€16,279 | +31.8% |
| Taxes, remuneration and social security | 45 | €121,896 | €144,368 | +€22,472 | +18.4% |
| Taxes | 450/3 | €42,477 | €53,349 | +€10,873 | +25.6% |
| Remuneration and social security | 454/9 | €79,419 | €91,019 | +€11,599 | +14.6% |
| Other amounts payable | 47/48 | €75,505 | €27,872 | -€47,634 | -63.1% |
| Non-recurring operating income | 76A | - | €1,888 | +€1,888 | |
| Remuneration, social security and pensions | 62 | €465,535 | €651,105 | +€185,570 | +39.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,712 | €26,516 | -€3,195 | -10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,489 | €9,280 | +€13,769 | |
| Other operating charges | 640/8 | €18,241 | €12,965 | -€5,276 | -28.9% |
| Non-recurring operating charges | 66A | €934 | €12,871 | +€11,937 | +1278.1% |
| Gross operating margin | 9900 | €606,848 | €773,946 | +€167,097 | +27.5% |
| Operating profit (loss) | 9901 | €96,915 | €61,208 | -€35,707 | -36.8% |
| Financial income | 75/76B | €159 | €33 | -€126 | -79.5% |
| Recurring financial income | 75 | €159 | €33 | -€126 | -79.5% |
| Financial charges | 65/66B | €15,658 | €23,414 | +€7,756 | +49.5% |
| Recurring financial charges | 65 | €15,658 | €23,414 | +€7,756 | +49.5% |
| Profit (loss) for the period before taxes | 9903 | €81,416 | €37,826 | -€43,589 | -53.5% |
| Income taxes | 67/77 | €10,359 | €13,182 | +€2,823 | +27.3% |
| Profit (loss) for the period | 9904 | €71,056 | €24,644 | -€46,413 | -65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €71,056 | €24,644 | -€46,413 | -65.3% |
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.