Sofico: 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.
Sofico
Largest movements
- Receivables within one year -€141,622
down €141,622 (-53.0%), from €267,173 to €125,551
of which Trade receivables: -€97,103
- Cash -€28,572
down €28,572 (-25.7%), from €111,191 to €82,620
mainly Other debts (-€114,706) and Net result for the year (-€49,340)
- Tangible fixed assets -€9,222
down €9,222 (-40.5%), from €22,762 to €13,540
of which Furniture and vehicles: -€8,563
- Other debts -€114,706
down €114,706 (-58.5%), from €196,076 to €81,370
- Reserves -€49,340
down €49,340 (-47.0%), from €105,076 to €55,736
of which Distributable reserves: -€49,340
- Tax, wage and social debts -€9,375
down €9,375 (-89.7%), from €10,448 to €1,073
of which Remuneration and social security: -€9,000
- Debts after one year -€5,978
down €5,978 (-53.9%), from €11,095 to €5,116
- Gross operating margin -€267,729
down €267,729, from €228,499 to -€39,231
- Taxes -€30,462
down €30,462 (-99.2%), from €30,694 to €232
- Other operating charges -€20,211
down €20,211 (-95.4%), from €21,189 to €978
- Depreciation -€2,671
down €2,671 (-28.9%), from €9,254 to €6,583
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 | €401,876 | €221,711 | -€180,165 | -44.8% |
| Fixed assets | 21/28 | €22,762 | €13,540 | -€9,222 | -40.5% |
| Tangible fixed assets | 22/27 | €22,762 | €13,540 | -€9,222 | -40.5% |
| Furniture and vehicles | 24 | €18,811 | €10,248 | -€8,563 | -45.5% |
| Other tangible fixed assets | 26 | €3,951 | €3,292 | -€658 | -16.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €379,114 | €208,170 | -€170,943 | -45.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €267,173 | €125,551 | -€141,622 | -53.0% |
| Trade receivables | 40 | €221,382 | €124,279 | -€97,103 | -43.9% |
| Other amounts receivable | 41 | €45,791 | €1,272 | -€44,519 | -97.2% |
| Cash at bank and in hand | 54/58 | €111,191 | €82,620 | -€28,572 | -25.7% |
| Deferred charges and accrued income | 490/1 | €750 | €0 | -€750 | -100.0% |
| Total equity and liabilities | 10/49 | €401,876 | €221,711 | -€180,165 | -44.8% |
| Equity | 10/15 | €167,076 | €117,736 | -€49,340 | -29.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €105,076 | €55,736 | -€49,340 | -47.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €98,876 | €49,536 | -€49,340 | -49.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €234,799 | €103,975 | -€130,825 | -55.7% |
| Amounts payable after more than one year | 17 | €11,095 | €5,116 | -€5,978 | -53.9% |
| Financial debts | 170/4 | €11,095 | €5,116 | -€5,978 | -53.9% |
| Amounts payable within one year | 42/48 | €220,763 | €98,858 | -€121,904 | -55.2% |
| Current portion of amounts payable after more than one year | 42 | €5,807 | €5,978 | +€171 | +2.9% |
| Trade debts | 44 | €8,431 | €10,437 | +€2,005 | +23.8% |
| Suppliers | 440/4 | €8,431 | €10,437 | +€2,005 | +23.8% |
| Taxes, remuneration and social security | 45 | €10,448 | €1,073 | -€9,375 | -89.7% |
| Taxes | 450/3 | €1,448 | €1,073 | -€375 | -25.9% |
| Remuneration and social security | 454/9 | €9,000 | €0 | -€9,000 | -100.0% |
| Other amounts payable | 47/48 | €196,076 | €81,370 | -€114,706 | -58.5% |
| Accrued charges and deferred income | 492/3 | €2,942 | €0 | -€2,942 | -100.0% |
| Non-recurring operating income | 76A | €130,000 | €0 | -€130,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,254 | €6,583 | -€2,671 | -28.9% |
| Other operating charges | 640/8 | €21,189 | €978 | -€20,211 | -95.4% |
| Non-recurring operating charges | 66A | - | €150 | +€150 | |
| Gross operating margin | 9900 | €228,499 | -€39,231 | -€267,729 | |
| Operating profit (loss) | 9901 | €198,056 | -€46,942 | -€244,998 | |
| Financial income | 75/76B | €1,141 | €1,987 | +€845 | +74.0% |
| Recurring financial income | 75 | €1,141 | €1,987 | +€845 | +74.0% |
| Financial charges | 65/66B | €6,299 | €4,153 | -€2,145 | -34.1% |
| Recurring financial charges | 65 | €6,299 | €4,153 | -€2,145 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €192,898 | -€49,108 | -€242,007 | |
| Income taxes | 67/77 | €30,694 | €232 | -€30,462 | -99.2% |
| Profit (loss) for the period | 9904 | €162,204 | -€49,340 | -€211,544 | |
| Profit (loss) for the period to be appropriated | 9905 | €162,204 | -€49,340 | -€211,544 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.