SOFIBEL: 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.
SOFIBEL
Largest movements
- Tangible fixed assets -€59,837
down €59,837 (-4.5%), from €1.3m to €1.3m
- Debts after one year -€60,000
down €60,000 (-83.9%), from €71,478 to €11,478
- Other debts +€25,000
up €25,000 (+2.4%), from €1.0m to €1.1m
- Taxes -€12,699
no longer reported in 2025 (was €12,699)
- Gross operating margin -€11,240
down €11,240 (-12.4%), from €90,604 to €79,363
- Depreciation +€6,387
up €6,387 (+8.6%), from €73,989 to €80,376
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 | €1,391,745 | €1,333,325 | -€58,420 | -4.2% |
| Fixed assets | 21/28 | €1,339,092 | €1,279,255 | -€59,837 | -4.5% |
| Tangible fixed assets | 22/27 | €1,339,092 | €1,279,255 | -€59,837 | -4.5% |
| Land and buildings | 22 | €1,339,092 | €1,279,255 | -€59,837 | -4.5% |
| Current assets | 29/58 | €52,653 | €54,070 | +€1,417 | +2.7% |
| Cash at bank and in hand | 54/58 | €51,992 | €47,841 | -€4,152 | -8.0% |
| Deferred charges and accrued income | 490/1 | €660 | €6,229 | +€5,569 | +843.2% |
| Total equity and liabilities | 10/49 | €1,391,745 | €1,333,325 | -€58,420 | -4.2% |
| Equity | 10/15 | €280,057 | €267,684 | -€12,374 | -4.4% |
| Contributions | 10/11 | €675,510 | €675,510 | = | 0.0% |
| Capital | 10 | €675,510 | €675,510 | = | 0.0% |
| Issued capital | 100 | €675,510 | €675,510 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€397,312 | -€409,685 | -€12,374 | -3.1% |
| Provisions and deferred taxes | 16 | €12,699 | - | -€12,699 | |
| Provisions for liabilities and charges | 160/5 | €12,699 | - | -€12,699 | |
| Taxes | 161 | €12,699 | - | -€12,699 | |
| Amounts payable | 17/49 | €1,098,989 | €1,065,641 | -€33,348 | -3.0% |
| Amounts payable after more than one year | 17 | €71,478 | €11,478 | -€60,000 | -83.9% |
| Financial debts | 170/4 | €71,478 | €11,478 | -€60,000 | -83.9% |
| Amounts payable within one year | 42/48 | €1,027,511 | €1,054,164 | +€26,652 | +2.6% |
| Trade debts | 44 | - | €1,652 | +€1,652 | |
| Suppliers | 440/4 | - | €1,652 | +€1,652 | |
| Other amounts payable | 47/48 | €1,027,511 | €1,052,511 | +€25,000 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,989 | €80,376 | +€6,387 | +8.6% |
| Other operating charges | 640/8 | €10,969 | €11,313 | +€344 | +3.1% |
| Gross operating margin | 9900 | €90,604 | €79,363 | -€11,240 | -12.4% |
| Operating profit (loss) | 9901 | €5,646 | -€12,326 | -€17,972 | |
| Financial charges | 65/66B | €48 | €48 | = | 0.0% |
| Recurring financial charges | 65 | €48 | €48 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €5,598 | -€12,374 | -€17,972 | |
| Income taxes | 67/77 | €12,699 | - | -€12,699 | |
| Profit (loss) for the period | 9904 | -€7,101 | -€12,374 | -€5,273 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,101 | -€12,374 | -€5,273 | -74.3% |
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 30 September 2026 via checked.be.