SOFICS: 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.
SOFICS
Largest movements
- Cash -€1.3m
down €1.3m (-57.7%), from €2.3m to €981,305
mainly Accrued charges and deferred income (-€1.2m) and Other debts (-€1.0m)
- Current investments -€704,476
down €704,476 (-47.6%), from €1.5m to €775,524
- Receivables within one year -€324,775
down €324,775 (-47.1%), from €689,573 to €364,798
of which Trade receivables: -€336,971
- Tangible fixed assets +€243,671
up €243,671 (+121%), from €201,022 to €444,693
of which Plant, machinery and equipment: +€122,886
- Intangible fixed assets +€104,574
up €104,574 (+20.0%), from €523,994 to €628,568
- Accrued charges and deferred income -€1.2m
down €1.2m (-61.5%), from €2.0m to €767,762
- Other debts -€1.0m
no longer reported in 2025 (was €1.0m)
- Trade debts +€94,884
up €94,884 (+46.8%), from €202,685 to €297,569
- Tax, wage and social debts +€75,780
up €75,780 (+19.5%), from €388,939 to €464,719
of which Remuneration and social security: +€68,752
- Gross operating margin -€1.6m
down €1.6m (-36.7%), from €4.2m to €2.7m
- Staff costs +€352,292
up €352,292 (+17.0%), from €2.1m to €2.4m
- Financial income -€120,467
down €120,467 (-59.0%), from €204,215 to €83,748
- Depreciation +€108,600
up €108,600 (+95.8%), from €113,342 to €221,942
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.
Derived cash bridge
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 | €5,538,593 | €3,524,650 | -€2.0m | -36.4% |
| Fixed assets | 21/28 | €725,016 | €1,073,261 | +€348,245 | +48.0% |
| Intangible fixed assets | 21 | €523,994 | €628,568 | +€104,574 | +20.0% |
| Tangible fixed assets | 22/27 | €201,022 | €444,693 | +€243,671 | +121% |
| Plant, machinery and equipment | 23 | €48,672 | €171,558 | +€122,886 | +252% |
| Furniture and vehicles | 24 | €149,889 | €271,453 | +€121,564 | +81.1% |
| Other tangible fixed assets | 26 | €2,461 | €1,683 | -€779 | -31.6% |
| Current assets | 29/58 | €4,813,577 | €2,451,389 | -€2.4m | -49.1% |
| Amounts receivable within one year | 40/41 | €689,573 | €364,798 | -€324,775 | -47.1% |
| Trade receivables | 40 | €619,776 | €282,806 | -€336,971 | -54.4% |
| Other amounts receivable | 41 | €69,796 | €81,992 | +€12,196 | +17.5% |
| Current investments | 50/53 | €1,480,000 | €775,524 | -€704,476 | -47.6% |
| Cash at bank and in hand | 54/58 | €2,320,253 | €981,305 | -€1.3m | -57.7% |
| Deferred charges and accrued income | 490/1 | €323,752 | €329,761 | +€6,010 | +1.9% |
| Total equity and liabilities | 10/49 | €5,538,593 | €3,524,650 | -€2.0m | -36.4% |
| Equity | 10/15 | €1,950,402 | €1,994,600 | +€44,198 | +2.3% |
| Contributions | 10/11 | €80,145 | €80,145 | = | 0.0% |
| Reserves | 13 | €8,015 | €8,015 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,015 | €8,015 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,015 | €8,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,862,242 | €1,906,440 | +€44,198 | +2.4% |
| Amounts payable | 17/49 | €3,588,191 | €1,530,049 | -€2.1m | -57.4% |
| Amounts payable within one year | 42/48 | €1,591,624 | €762,288 | -€829,336 | -52.1% |
| Trade debts | 44 | €202,685 | €297,569 | +€94,884 | +46.8% |
| Suppliers | 440/4 | €202,685 | €297,569 | +€94,884 | +46.8% |
| Taxes, remuneration and social security | 45 | €388,939 | €464,719 | +€75,780 | +19.5% |
| Taxes | 450/3 | €23,601 | €30,629 | +€7,028 | +29.8% |
| Remuneration and social security | 454/9 | €365,337 | €434,089 | +€68,752 | +18.8% |
| Other amounts payable | 47/48 | €1,000,000 | - | -€1.0m | |
| Accrued charges and deferred income | 492/3 | €1,996,567 | €767,762 | -€1.2m | -61.5% |
| Remuneration, social security and pensions | 62 | €2,070,233 | €2,422,525 | +€352,292 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,342 | €221,942 | +€108,600 | +95.8% |
| Other operating charges | 640/8 | €8,659 | €8,462 | -€196 | -2.3% |
| Gross operating margin | 9900 | €4,236,560 | €2,680,341 | -€1.6m | -36.7% |
| Operating profit (loss) | 9901 | €2,044,326 | €27,411 | -€2.0m | -98.7% |
| Financial income | 75/76B | €204,215 | €83,748 | -€120,467 | -59.0% |
| Recurring financial income | 75 | €204,215 | €83,748 | -€120,467 | -59.0% |
| Financial charges | 65/66B | €62,488 | €66,271 | +€3,783 | +6.1% |
| Recurring financial charges | 65 | €62,488 | €66,271 | +€3,783 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €2,186,054 | €44,888 | -€2.1m | -97.9% |
| Income taxes | 67/77 | €416 | €690 | +€274 | +65.8% |
| Profit (loss) for the period | 9904 | €2,185,638 | €44,198 | -€2.1m | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,185,638 | €44,198 | -€2.1m | -98.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.