SOFICAP: 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.
What changed
SOFICAP
NACE 64.210, Activities of holding companies
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€124,921
2023 · €230,617-€355,538
Equity
€6.3m
2023 · €6.4m-€124,921
Cash
€239,176
2023 · €279,608-€40,431
Balance sheet total
€6.6m
2023 · €6.7m-€108,373
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward -€124,921
down €124,921 (-5.8%), from €2.1m to €2.0m
Income statement
- Financial income -€209,952
down €209,952 (-51.0%), from €411,805 to €201,853
- Financial charges +€138,038
up €138,038 (+234%), from €59,071 to €197,109
of which Non-recurring financial charges: +€190,530
- Write-downs +€43,204
up €43,204 (+99.5%), from -€43,404 to -€200
- Taxes -€40,348
down €40,348 (-54.8%), from €73,580 to €33,232
- Gross operating margin -€8,078
down €8,078 (-53.4%), from -€15,116 to -€23,194
From the 2023 result to the 2024 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.
Result 2023
€230,617
Gross operating margin
-€8,078
Depreciation
+€2,733
Write-downs
-€43,204
Other operating charges
+€654
Financial income
-€209,952
Financial charges
-€138,038
Taxes
+€40,348
Result 2024
-€124,921
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€6,203
Investment
-€34,228
Financing
€0
Cash 2023
€279,608
From operations (derived)
-€6,203
Net result for the year
-€124,921
Depreciation
+€46,857
Receivables within one year
+€55,633
Deferred charges and accrued income
-€320
Trade debts
+€2,039
Tax, wage and social debts
+€21,031
Accrued charges and deferred income
-€6,522
Investment (derived)
-€34,228
Investment in fixed assets (net)
-€1,193
Current investments
-€33,035
Cash 2024
€239,176
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,722,975 | €6,614,602 | -€108,373 | -1.6% |
| Fixed assets | 21/28 | €1,731,632 | €1,685,968 | -€45,664 | -2.6% |
| Tangible fixed assets | 22/27 | €1,467,846 | €1,422,182 | -€45,664 | -3.1% |
| Land and buildings | 22 | €831,119 | €797,021 | -€34,098 | -4.1% |
| Plant, machinery and equipment | 23 | €2,378 | €1,553 | -€825 | -34.7% |
| Furniture and vehicles | 24 | €40,606 | €29,866 | -€10,741 | -26.5% |
| Other tangible fixed assets | 26 | €593,743 | €593,743 | = | 0.0% |
| Financial fixed assets | 28 | €263,786 | €263,786 | = | 0.0% |
| Current assets | 29/58 | €4,991,343 | €4,928,634 | -€62,709 | -1.3% |
| Amounts receivable within one year | 40/41 | €4,393,892 | €4,338,259 | -€55,633 | -1.3% |
| Trade receivables | 40 | €932 | €2,514 | +€1,583 | +170% |
| Other amounts receivable | 41 | €4,392,960 | €4,335,745 | -€57,215 | -1.3% |
| Current investments | 50/53 | €311,606 | €344,641 | +€33,035 | +10.6% |
| Cash at bank and in hand | 54/58 | €279,608 | €239,176 | -€40,431 | -14.5% |
| Deferred charges and accrued income | 490/1 | €6,238 | €6,558 | +€320 | +5.1% |
| Total equity and liabilities | 10/49 | €6,722,975 | €6,614,602 | -€108,373 | -1.6% |
| Equity | 10/15 | €6,446,754 | €6,321,834 | -€124,921 | -1.9% |
| Contributions | 10/11 | €4,060,000 | €4,060,000 | = | 0.0% |
| Capital | 10 | €4,060,000 | €4,060,000 | = | 0.0% |
| Issued capital | 100 | €4,060,000 | €4,060,000 | = | 0.0% |
| Reserves | 13 | €246,650 | €246,650 | = | 0.0% |
| Non-distributable reserves | 130/1 | €246,650 | €246,650 | = | 0.0% |
| Legal reserve | 130 | €246,650 | €246,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,140,104 | €2,015,184 | -€124,921 | -5.8% |
| Amounts payable | 17/49 | €276,221 | €292,769 | +€16,548 | +6.0% |
| Amounts payable within one year | 42/48 | €83,781 | €106,851 | +€23,070 | +27.5% |
| Trade debts | 44 | €3,759 | €5,798 | +€2,039 | +54.2% |
| Suppliers | 440/4 | €3,759 | €5,798 | +€2,039 | +54.2% |
| Taxes, remuneration and social security | 45 | €80,022 | €101,053 | +€21,031 | +26.3% |
| Taxes | 450/3 | €80,022 | €101,053 | +€21,031 | +26.3% |
| Accrued charges and deferred income | 492/3 | €192,439 | €185,917 | -€6,522 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,590 | €46,857 | -€2,733 | -5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€43,404 | -€200 | +€43,204 | +99.5% |
| Other operating charges | 640/8 | €27,235 | €26,581 | -€654 | -2.4% |
| Gross operating margin | 9900 | -€15,116 | -€23,194 | -€8,078 | -53.4% |
| Operating profit (loss) | 9901 | -€48,537 | -€96,433 | -€47,896 | -98.7% |
| Financial income | 75/76B | €411,805 | €201,853 | -€209,952 | -51.0% |
| Recurring financial income | 75 | €411,805 | €201,853 | -€209,952 | -51.0% |
| Financial charges | 65/66B | €59,071 | €197,109 | +€138,038 | +234% |
| Recurring financial charges | 65 | €59,071 | €6,579 | -€52,492 | -88.9% |
| Non-recurring financial charges | 66B | - | €190,530 | +€190,530 | |
| Profit (loss) for the period before taxes | 9903 | €304,197 | -€91,688 | -€395,886 | |
| Income taxes | 67/77 | €73,580 | €33,232 | -€40,348 | -54.8% |
| Profit (loss) for the period | 9904 | €230,617 | -€124,921 | -€355,538 | |
| Profit (loss) for the period to be appropriated | 9905 | €230,617 | -€124,921 | -€355,538 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.