SOFIDO: 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.
What changed
SOFIDO
NACE 01.420, Raising of other cattle and buffaloes
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€61,150
2024 · -€51,986-€9,164
Equity
€700,974
2024 · €762,124-€61,150
Cash
€47,455
2024 · €19,403+€28,052
Balance sheet total
€1.7m
2024 · €1.7m-€23,521
Largest movements
Assets
- Cash +€28,052
up €28,052 (+144.6%), from €19,403 to €47,455
mainly Depreciation (+€75,724) and Debts after one year (+€28,750)
- Stocks and contracts -€27,700
down €27,700 (-14.7%), from €189,000 to €161,300
Equity and liabilities
- Profit (loss) carried forward -€50,130
down €50,130 (-8.0%), from €625,526 to €575,396
- Debts after one year +€28,750
up €28,750 (+4.8%), from €600,000 to €628,750
of which Financial debts: +€28,750
Income statement
- Gross operating margin -€17,517
down €17,517 (-32.6%), from €53,740 to €36,222
- Staff costs -€15,650
down €15,650 (-94.9%), from €16,493 to €844
- Depreciation +€6,209
up €6,209 (+8.9%), from €69,515 to €75,724
- Financial charges +€1,000
up €1,000 (+10.0%), from €10,000 to €11,000
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.
Result 2024
-€51,986
Gross operating margin
-€17,517
Staff costs
+€15,650
Depreciation
-€6,209
Other operating charges
-€18
Financial income
-€3
Financial charges
-€1,000
Taxes
-€67
Result 2025
-€61,150
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.
From operations
+€65,364
Investment
-€74,305
Financing
+€36,994
Cash 2024
€19,403
From operations (derived)
+€65,364
Net result for the year
-€61,150
Depreciation
+€75,724
Stocks and contracts
+€27,700
Receivables within one year
+€14,251
Deferred charges and accrued income
+€8,204
Provisions
-€3,673
Trade debts
-€6,272
Tax, wage and social debts
+€1,124
Other debts
+€2,257
Accrued charges and deferred income
+€7,200
Investment (derived)
-€74,305
Investment in fixed assets (net)
-€74,305
Financing
+€36,994
Debts after one year
+€28,750
Current portion of long-term debt
+€8,243
Cash 2025
€47,455
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,679,642 | €1,656,122 | -€23,521 | -1.4% |
| Fixed assets | 21/28 | €1,353,853 | €1,352,434 | -€1,419 | -0.1% |
| Tangible fixed assets | 22/27 | €1,353,853 | €1,352,434 | -€1,419 | -0.1% |
| Land and buildings | 22 | €1,165,426 | €1,168,443 | +€3,017 | +0.3% |
| Plant, machinery and equipment | 23 | €136,961 | €98,440 | -€38,521 | -28.1% |
| Furniture and vehicles | 24 | €51,465 | €85,550 | +€34,085 | +66.2% |
| Current assets | 29/58 | €325,790 | €303,688 | -€22,102 | -6.8% |
| Stocks and contracts in progress | 3 | €189,000 | €161,300 | -€27,700 | -14.7% |
| Stocks | 30/36 | €189,000 | €161,300 | -€27,700 | -14.7% |
| Amounts receivable within one year | 40/41 | €17,176 | €2,925 | -€14,251 | -83.0% |
| Trade receivables | 40 | €1,911 | - | -€1,911 | |
| Other amounts receivable | 41 | €15,264 | €2,925 | -€12,339 | -80.8% |
| Cash at bank and in hand | 54/58 | €19,403 | €47,455 | +€28,052 | +144.6% |
| Deferred charges and accrued income | 490/1 | €100,211 | €92,008 | -€8,204 | -8.2% |
| Total equity and liabilities | 10/49 | €1,679,642 | €1,656,122 | -€23,521 | -1.4% |
| Equity | 10/15 | €762,124 | €700,974 | -€61,150 | -8.0% |
| Contributions | 10/11 | €61,550 | €61,550 | = | 0.0% |
| Capital | 10 | €61,550 | €61,550 | = | 0.0% |
| Issued capital | 100 | €61,550 | €61,550 | = | 0.0% |
| Reserves | 13 | €75,048 | €64,028 | -€11,020 | -14.7% |
| Non-distributable reserves | 130/1 | €6,155 | €6,155 | = | 0.0% |
| Legal reserve | 130 | €6,155 | €6,155 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,081 | €33,061 | -€11,020 | -25.0% |
| Distributable reserves | 133 | €24,812 | €24,812 | = | 0.0% |
| Profit (loss) carried forward | 14 | €625,526 | €575,396 | -€50,130 | -8.0% |
| Provisions and deferred taxes | 16 | €14,695 | €11,021 | -€3,673 | -25.0% |
| Deferred taxes | 168 | €14,695 | €11,021 | -€3,673 | -25.0% |
| Amounts payable | 17/49 | €902,824 | €944,126 | +€41,302 | +4.6% |
| Amounts payable after more than one year | 17 | €600,000 | €628,750 | +€28,750 | +4.8% |
| Financial debts | 170/4 | - | €28,750 | +€28,750 | |
| Other amounts payable | 178/9 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €282,594 | €287,946 | +€5,352 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | - | €8,243 | +€8,243 | |
| Trade debts | 44 | €13,278 | €7,006 | -€6,272 | -47.2% |
| Suppliers | 440/4 | €13,278 | €7,006 | -€6,272 | -47.2% |
| Taxes, remuneration and social security | 45 | €10,655 | €11,779 | +€1,124 | +10.5% |
| Taxes | 450/3 | €8,670 | €11,779 | +€3,109 | +35.9% |
| Remuneration and social security | 454/9 | €1,985 | - | -€1,985 | |
| Other amounts payable | 47/48 | €258,660 | €260,917 | +€2,257 | +0.9% |
| Accrued charges and deferred income | 492/3 | €20,230 | €27,430 | +€7,200 | +35.6% |
| Remuneration, social security and pensions | 62 | €16,493 | €844 | -€15,650 | -94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,515 | €75,724 | +€6,209 | +8.9% |
| Other operating charges | 640/8 | €13,467 | €13,484 | +€18 | +0.1% |
| Gross operating margin | 9900 | €53,740 | €36,222 | -€17,517 | -32.6% |
| Operating profit (loss) | 9901 | -€45,735 | -€53,829 | -€8,094 | -17.7% |
| Financial income | 75/76B | €9 | €6 | -€3 | -30.6% |
| Recurring financial income | 75 | €9 | €6 | -€3 | -30.6% |
| Financial charges | 65/66B | €10,000 | €11,000 | +€1,000 | +10.0% |
| Recurring financial charges | 65 | €10,000 | €11,000 | +€1,000 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | -€55,726 | -€64,823 | -€9,097 | -16.3% |
| Transfer from deferred taxes | 780 | €3,673 | €3,673 | = | 0.0% |
| Income taxes | 67/77 | -€67 | - | +€67 | |
| Profit (loss) for the period | 9904 | -€51,986 | -€61,150 | -€9,164 | -17.6% |
| Transfer from tax-exempt reserves | 789 | €11,020 | €11,020 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,966 | -€50,130 | -€9,164 | -22.4% |
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 28 September 2026 via checked.be.