SOFIGECO 2.0: 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.
SOFIGECO 2.0
Largest movements
- Intangible fixed assets -€199,980
down €199,980 (-67.0%), from €298,660 to €98,680
- Current investments +€48,000
up €48,000 (+171%), from €28,000 to €76,000
- Tangible fixed assets -€8,882
down €8,882 (-27.3%), from €32,590 to €23,707
of which Furniture and vehicles: -€11,132
- Debts after one year -€191,946
down €191,946 (-55.6%), from €344,942 to €152,996
- Profit (loss) carried forward +€50,106
up €50,106 (+77.7%), from €64,447 to €114,553
- Trade debts -€33,009
down €33,009 (-52.1%), from €63,405 to €30,396
- Tax, wage and social debts +€12,086
up €12,086 (+17.0%), from €70,987 to €83,072
of which Remuneration and social security: +€24,459
- Gross operating margin -€176,969
down €176,969 (-24.9%), from €710,396 to €533,427
- Depreciation -€101,910
down €101,910 (-32.2%), from €316,968 to €215,058
- Staff costs -€63,993
down €63,993 (-21.2%), from €302,494 to €238,501
- Taxes +€9,715
up €9,715 (+61.8%), from €15,715 to €25,429
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 | €562,847 | €394,964 | -€167,883 | -29.8% |
| Fixed assets | 21/28 | €331,250 | €122,388 | -€208,862 | -63.1% |
| Intangible fixed assets | 21 | €298,660 | €98,680 | -€199,980 | -67.0% |
| Tangible fixed assets | 22/27 | €32,590 | €23,707 | -€8,882 | -27.3% |
| Furniture and vehicles | 24 | €32,590 | €21,458 | -€11,132 | -34.2% |
| Other tangible fixed assets | 26 | - | €2,249 | +€2,249 | |
| Current assets | 29/58 | €231,597 | €272,576 | +€40,980 | +17.7% |
| Amounts receivable within one year | 40/41 | €75,850 | €72,301 | -€3,550 | -4.7% |
| Trade receivables | 40 | €75,850 | €72,301 | -€3,550 | -4.7% |
| Current investments | 50/53 | €28,000 | €76,000 | +€48,000 | +171% |
| Cash at bank and in hand | 54/58 | €127,746 | €123,864 | -€3,883 | -3.0% |
| Deferred charges and accrued income | 490/1 | - | €412 | +€412 | |
| Total equity and liabilities | 10/49 | €562,847 | €394,964 | -€167,883 | -29.8% |
| Equity | 10/15 | €66,447 | €116,553 | +€50,106 | +75.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | - | -€2,000 | |
| Other | 1109/19 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €64,447 | €114,553 | +€50,106 | +77.7% |
| Amounts payable | 17/49 | €496,400 | €278,411 | -€217,989 | -43.9% |
| Amounts payable after more than one year | 17 | €344,942 | €152,996 | -€191,946 | -55.6% |
| Financial debts | 170/4 | €344,942 | €152,996 | -€191,946 | -55.6% |
| Amounts payable within one year | 42/48 | €151,458 | €125,415 | -€26,043 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €14,594 | €11,946 | -€2,648 | -18.1% |
| Trade debts | 44 | €63,405 | €30,396 | -€33,009 | -52.1% |
| Suppliers | 440/4 | €63,405 | €30,396 | -€33,009 | -52.1% |
| Taxes, remuneration and social security | 45 | €70,987 | €83,072 | +€12,086 | +17.0% |
| Taxes | 450/3 | €70,987 | €58,613 | -€12,373 | -17.4% |
| Remuneration and social security | 454/9 | - | €24,459 | +€24,459 | |
| Other amounts payable | 47/48 | €2,471 | €0 | -€2,471 | -100% |
| Remuneration, social security and pensions | 62 | €302,494 | €238,501 | -€63,993 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €316,968 | €215,058 | -€101,910 | -32.2% |
| Other operating charges | 640/8 | €7,813 | €3,208 | -€4,606 | -58.9% |
| Gross operating margin | 9900 | €710,396 | €533,427 | -€176,969 | -24.9% |
| Operating profit (loss) | 9901 | €83,120 | €76,660 | -€6,460 | -7.8% |
| Financial income | 75/76B | €66 | €46 | -€19 | -29.5% |
| Recurring financial income | 75 | €66 | €46 | -€19 | -29.5% |
| Financial charges | 65/66B | €3,024 | €1,171 | -€1,853 | -61.3% |
| Recurring financial charges | 65 | €3,024 | €1,171 | -€1,853 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | €80,161 | €75,536 | -€4,626 | -5.8% |
| Income taxes | 67/77 | €15,715 | €25,429 | +€9,715 | +61.8% |
| Profit (loss) for the period | 9904 | €64,447 | €50,106 | -€14,340 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €64,447 | €50,106 | -€14,340 | -22.3% |
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 28 October 2026 via checked.be.