SOFICOEST: 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.
SOFICOEST
Largest movements
- Receivables after one year +€15,000
up €15,000 (+55.6%), from €27,000 to €42,000
- Tangible fixed assets -€5,774
down €5,774 (-30.4%), from €18,993 to €13,219
- Cash +€4,806
up €4,806 (+20.2%), from €23,845 to €28,652
mainly Net result for the year (+€20,464) and Provisions (+€14,530)
- Receivables within one year -€3,596
down €3,596 (-6.5%), from €55,089 to €51,493
of which Trade receivables: -€3,628
- Deferred charges and accrued income +€1,874
up €1,874 (+133.5%), from €1,404 to €3,278
- Provisions +€14,530
new in 2025: €14,530
- Other debts +€10,420
up €10,420 (+56.3%), from €18,500 to €28,920
- Trade debts -€10,378
down €10,378 (-52.5%), from €19,773 to €9,396
- Debts after one year -€5,561
down €5,561 (-42.6%), from €13,061 to €7,500
- Tax, wage and social debts +€2,781
up €2,781 (+7.7%), from €36,118 to €38,899
of which Taxes: +€2,572
- Write-downs -€26,984
down €26,984 (-77.7%), from €34,712 to €7,727
- Gross operating margin -€16,259
down €16,259 (-10.6%), from €153,456 to €137,198
- Provisions +€14,530
new in 2025: €14,530
- Staff costs -€4,303
down €4,303 (-5.6%), from €76,438 to €72,135
- Other operating charges -€3,773
down €3,773 (-37.0%), from €10,193 to €6,420
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 | €127,889 | €140,200 | +€12,310 | +9.6% |
| Fixed assets | 21/28 | €20,514 | €14,740 | -€5,774 | -28.1% |
| Tangible fixed assets | 22/27 | €18,993 | €13,219 | -€5,774 | -30.4% |
| Furniture and vehicles | 24 | €18,993 | €13,219 | -€5,774 | -30.4% |
| Financial fixed assets | 28 | €1,521 | €1,521 | = | 0.0% |
| Current assets | 29/58 | €107,375 | €125,459 | +€18,084 | +16.8% |
| Amounts receivable after more than one year | 29 | €27,000 | €42,000 | +€15,000 | +55.6% |
| Other amounts receivable | 291 | €27,000 | €42,000 | +€15,000 | +55.6% |
| Amounts receivable within one year | 40/41 | €55,089 | €51,493 | -€3,596 | -6.5% |
| Trade receivables | 40 | €51,496 | €47,868 | -€3,628 | -7.0% |
| Other amounts receivable | 41 | €3,592 | €3,624 | +€32 | +0.9% |
| Current investments | 50/53 | €37 | €37 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €23,845 | €28,652 | +€4,806 | +20.2% |
| Deferred charges and accrued income | 490/1 | €1,404 | €3,278 | +€1,874 | +133.5% |
| Total equity and liabilities | 10/49 | €127,889 | €140,200 | +€12,310 | +9.6% |
| Equity | 10/15 | €34,930 | €35,394 | +€464 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,674 | €7,674 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,814 | €5,814 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,657 | €9,120 | +€464 | +5.4% |
| Provisions and deferred taxes | 16 | - | €14,530 | +€14,530 | |
| Provisions for liabilities and charges | 160/5 | - | €14,530 | +€14,530 | |
| Other liabilities and charges | 164/5 | - | €14,530 | +€14,530 | |
| Amounts payable | 17/49 | €92,959 | €90,276 | -€2,683 | -2.9% |
| Amounts payable after more than one year | 17 | €13,061 | €7,500 | -€5,561 | -42.6% |
| Financial debts | 170/4 | €13,061 | €7,500 | -€5,561 | -42.6% |
| Amounts payable within one year | 42/48 | €79,898 | €82,775 | +€2,877 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €5,506 | €5,561 | +€54 | +1.0% |
| Trade debts | 44 | €19,773 | €9,396 | -€10,378 | -52.5% |
| Suppliers | 440/4 | €19,773 | €9,396 | -€10,378 | -52.5% |
| Taxes, remuneration and social security | 45 | €36,118 | €38,899 | +€2,781 | +7.7% |
| Taxes | 450/3 | €27,730 | €30,302 | +€2,572 | +9.3% |
| Remuneration and social security | 454/9 | €8,388 | €8,597 | +€209 | +2.5% |
| Other amounts payable | 47/48 | €18,500 | €28,920 | +€10,420 | +56.3% |
| Remuneration, social security and pensions | 62 | €76,438 | €72,135 | -€4,303 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,774 | €5,774 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,712 | €7,727 | -€26,984 | -77.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €14,530 | +€14,530 | |
| Other operating charges | 640/8 | €10,193 | €6,420 | -€3,773 | -37.0% |
| Gross operating margin | 9900 | €153,456 | €137,198 | -€16,259 | -10.6% |
| Operating profit (loss) | 9901 | €26,340 | €30,612 | +€4,271 | +16.2% |
| Financial income | 75/76B | €581 | €865 | +€285 | +49.0% |
| Recurring financial income | 75 | €581 | €865 | +€285 | +49.0% |
| Financial charges | 65/66B | €2,018 | €2,220 | +€202 | +10.0% |
| Recurring financial charges | 65 | €2,018 | €2,220 | +€202 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €24,903 | €29,258 | +€4,354 | +17.5% |
| Income taxes | 67/77 | €6,318 | €8,794 | +€2,476 | +39.2% |
| Profit (loss) for the period | 9904 | €18,586 | €20,464 | +€1,878 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,586 | €20,464 | +€1,878 | +10.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.