SOFIGAL: 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.
SOFIGAL
Largest movements
- Receivables within one year +€132,070
up €132,070 (+37.2%), from €355,374 to €487,444
of which Trade receivables: +€200,378
- Cash +€97,956
up €97,956 (+36.4%), from €268,913 to €366,870
mainly Net result for the year (+€328,200) and Depreciation (+€105,456)
- Tangible fixed assets -€57,999
down €57,999 (-3.9%), from €1.5m to €1.4m
of which Plant, machinery and equipment: -€78,953
- Deferred charges and accrued income +€45,783
up €45,783 (+107.0%), from €42,775 to €88,557
- Profit (loss) carried forward +€328,200
up €328,200 (+44.2%), from €741,818 to €1.1m
- Debts after one year -€115,823
down €115,823 (-7.9%), from €1.5m to €1.3m
of which Financial debts: -€115,823
- Tax, wage and social debts +€38,726
up €38,726 (+141.0%), from €27,470 to €66,196
- Trade debts -€37,990
down €37,990 (-84.7%), from €44,856 to €6,866
- Gross operating margin +€48,867
up €48,867 (+8.5%), from €575,526 to €624,393
- Taxes +€20,116
up €20,116 (+19.7%), from €102,007 to €122,123
- Financial charges -€9,356
down €9,356 (-30.1%), from €31,087 to €21,731
- Depreciation +€7,810
up €7,810 (+8.0%), from €97,646 to €105,456
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.
Cash bridge derived
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,737,917 | €2,950,262 | +€212,345 | +7.8% |
| Fixed assets | 21/28 | €1,482,717 | €1,424,718 | -€57,999 | -3.9% |
| Tangible fixed assets | 22/27 | €1,481,987 | €1,423,988 | -€57,999 | -3.9% |
| Land and buildings | 22 | €1,355,187 | €1,362,723 | +€7,536 | +0.6% |
| Plant, machinery and equipment | 23 | €78,953 | - | -€78,953 | |
| Furniture and vehicles | 24 | €47,847 | €61,265 | +€13,418 | +28.0% |
| Financial fixed assets | 28 | €730 | €730 | = | 0.0% |
| Current assets | 29/58 | €1,255,200 | €1,525,544 | +€270,344 | +21.5% |
| Amounts receivable after more than one year | 29 | €535,000 | €535,000 | = | 0.0% |
| Other amounts receivable | 291 | €535,000 | €535,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €53,138 | €47,673 | -€5,465 | -10.3% |
| Stocks | 30/36 | €53,138 | €47,673 | -€5,465 | -10.3% |
| Amounts receivable within one year | 40/41 | €355,374 | €487,444 | +€132,070 | +37.2% |
| Trade receivables | 40 | €208,882 | €409,260 | +€200,378 | +95.9% |
| Other amounts receivable | 41 | €146,492 | €78,184 | -€68,307 | -46.6% |
| Cash at bank and in hand | 54/58 | €268,913 | €366,870 | +€97,956 | +36.4% |
| Deferred charges and accrued income | 490/1 | €42,775 | €88,557 | +€45,783 | +107.0% |
| Total equity and liabilities | 10/49 | €2,737,917 | €2,950,262 | +€212,345 | +7.8% |
| Equity | 10/15 | €1,087,218 | €1,415,418 | +€328,200 | +30.2% |
| Contributions | 10/11 | €314,000 | €314,000 | = | 0.0% |
| Capital | 10 | €314,000 | €314,000 | = | 0.0% |
| Issued capital | 100 | €314,000 | €314,000 | = | 0.0% |
| Reserves | 13 | €31,400 | €31,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,400 | €31,400 | = | 0.0% |
| Legal reserve | 130 | €31,400 | €31,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €741,818 | €1,070,018 | +€328,200 | +44.2% |
| Amounts payable | 17/49 | €1,650,699 | €1,534,844 | -€115,855 | -7.0% |
| Amounts payable after more than one year | 17 | €1,460,389 | €1,344,566 | -€115,823 | -7.9% |
| Financial debts | 170/4 | €1,450,389 | €1,334,566 | -€115,823 | -8.0% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €190,310 | €190,278 | -€33 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €115,513 | €115,823 | +€310 | +0.3% |
| Trade debts | 44 | €44,856 | €6,866 | -€37,990 | -84.7% |
| Suppliers | 440/4 | €44,856 | €6,866 | -€37,990 | -84.7% |
| Taxes, remuneration and social security | 45 | €27,470 | €66,196 | +€38,726 | +141.0% |
| Taxes | 450/3 | €27,470 | €66,196 | +€38,726 | +141.0% |
| Other amounts payable | 47/48 | €2,472 | €1,394 | -€1,078 | -43.6% |
| Non-recurring operating income | 76A | - | €91 | +€91 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,646 | €105,456 | +€7,810 | +8.0% |
| Other operating charges | 640/8 | €48,799 | €46,885 | -€1,914 | -3.9% |
| Gross operating margin | 9900 | €575,526 | €624,393 | +€48,867 | +8.5% |
| Operating profit (loss) | 9901 | €429,081 | €472,053 | +€42,972 | +10.0% |
| Financial income | 75/76B | €1 | €1 | = | 0.0% |
| Recurring financial income | 75 | €1 | €1 | = | 0.0% |
| Financial charges | 65/66B | €31,087 | €21,731 | -€9,356 | -30.1% |
| Recurring financial charges | 65 | €31,087 | €21,731 | -€9,356 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €397,996 | €450,323 | +€52,328 | +13.1% |
| Income taxes | 67/77 | €102,007 | €122,123 | +€20,116 | +19.7% |
| Profit (loss) for the period | 9904 | €295,989 | €328,200 | +€32,212 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €295,989 | €328,200 | +€32,212 | +10.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.