SOFILEM: 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.
SOFILEM
Largest movements
- Cash -€76,505
down €76,505 (-83.2%), from €91,928 to €15,423
mainly Contributions, distributions and other (-€150,760) and Debts after one year (-€100,000)
- Financial fixed assets -€50,000
down €50,000 (-1.1%), from €4.7m to €4.6m
- Debts after one year -€100,000
down €100,000 (-8.1%), from €1.2m to €1.1m
of which Financial debts: -€100,000
- Financial income +€185,800
up €185,800 (+90.5%), from €205,201 to €391,000
- Write-downs +€111,287
new in 2025: €111,287
- Financial charges +€42,471
up €42,471 (+40.9%), from €103,870 to €146,341
of which Non-recurring financial charges: +€50,000
- Gross operating margin -€5,013
down €5,013 (-3.4%), from €146,224 to €141,210
- Depreciation +€4,812
up €4,812 (+56.7%), from €8,495 to €13,307
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 | €4,828,997 | €4,715,520 | -€113,476 | -2.3% |
| Fixed assets | 21/28 | €4,695,633 | €4,632,326 | -€63,307 | -1.3% |
| Tangible fixed assets | 22/27 | €44,733 | €31,426 | -€13,307 | -29.7% |
| Furniture and vehicles | 24 | €44,733 | €31,426 | -€13,307 | -29.7% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €4,650,900 | €4,600,900 | -€50,000 | -1.1% |
| Current assets | 29/58 | €133,363 | €83,194 | -€50,169 | -37.6% |
| Amounts receivable within one year | 40/41 | €38,064 | €63,867 | +€25,803 | +67.8% |
| Trade receivables | 40 | €38,064 | €63,328 | +€25,264 | +66.4% |
| Other amounts receivable | 41 | - | €539 | +€539 | |
| Cash at bank and in hand | 54/58 | €91,928 | €15,423 | -€76,505 | -83.2% |
| Deferred charges and accrued income | 490/1 | €3,371 | €3,904 | +€533 | +15.8% |
| Total equity and liabilities | 10/49 | €4,828,997 | €4,715,520 | -€113,476 | -2.3% |
| Equity | 10/15 | €3,397,496 | €3,389,751 | -€7,744 | -0.2% |
| Contributions | 10/11 | €2,466,550 | €2,466,550 | = | 0.0% |
| Capital | 10 | €2,466,550 | €2,466,550 | = | 0.0% |
| Issued capital | 100 | €2,466,550 | €2,466,550 | = | 0.0% |
| Reserves | 13 | €139,789 | €146,939 | +€7,151 | +5.1% |
| Non-distributable reserves | 130/1 | €139,789 | €146,939 | +€7,151 | +5.1% |
| Legal reserve | 130 | €139,789 | €146,939 | +€7,151 | +5.1% |
| Profit (loss) carried forward | 14 | €791,157 | €776,262 | -€14,895 | -1.9% |
| Amounts payable | 17/49 | €1,431,501 | €1,325,769 | -€105,732 | -7.4% |
| Amounts payable after more than one year | 17 | €1,230,129 | €1,130,129 | -€100,000 | -8.1% |
| Financial debts | 170/4 | €1,000,000 | €900,000 | -€100,000 | -10.0% |
| Other amounts payable | 178/9 | €230,129 | €230,129 | = | 0.0% |
| Amounts payable within one year | 42/48 | €132,232 | €143,947 | +€11,715 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €347 | €10,645 | +€10,299 | +2,972% |
| Suppliers | 440/4 | €347 | €10,645 | +€10,299 | +2,972% |
| Taxes, remuneration and social security | 45 | €29,697 | €30,501 | +€804 | +2.7% |
| Taxes | 450/3 | €14,252 | €14,453 | +€201 | +1.4% |
| Remuneration and social security | 454/9 | €15,445 | €16,049 | +€603 | +3.9% |
| Other amounts payable | 47/48 | €2,188 | €2,800 | +€612 | +28.0% |
| Accrued charges and deferred income | 492/3 | €69,140 | €51,693 | -€17,447 | -25.2% |
| Remuneration, social security and pensions | 62 | €112,728 | €116,010 | +€3,282 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,495 | €13,307 | +€4,812 | +56.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €111,287 | +€111,287 | |
| Other operating charges | 640/8 | €1,748 | €1,293 | -€454 | -26.0% |
| Gross operating margin | 9900 | €146,224 | €141,210 | -€5,013 | -3.4% |
| Operating profit (loss) | 9901 | €23,253 | -€100,687 | -€123,940 | |
| Financial income | 75/76B | €205,201 | €391,000 | +€185,800 | +90.5% |
| Recurring financial income | 75 | €205,201 | €391,000 | +€185,800 | +90.5% |
| Financial charges | 65/66B | €103,870 | €146,341 | +€42,471 | +40.9% |
| Recurring financial charges | 65 | €103,870 | €96,341 | -€7,529 | -7.2% |
| Non-recurring financial charges | 66B | - | €50,000 | +€50,000 | |
| Profit (loss) for the period before taxes | 9903 | €124,584 | €143,973 | +€19,389 | +15.6% |
| Income taxes | 67/77 | €690 | €957 | +€267 | +38.7% |
| Profit (loss) for the period | 9904 | €123,894 | €143,016 | +€19,122 | +15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €123,894 | €143,016 | +€19,122 | +15.4% |
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.