SOFIN: 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.
SOFIN
Largest movements
- Cash +€775,915
up €775,915 (+104.2%), from €744,962 to €1.5m
mainly Net result for the year (+€352,261) and Receivables after one year (+€345,459)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€580,003
down €580,003 (-48.3%), from €1.2m to €619,942
- Taxes -€148,476
down €148,476 (-46.8%), from €317,039 to €168,564
- Financial income +€36,907
up €36,907 (+202.7%), from €18,205 to €55,112
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,077,219 | €58,517,602 | +€440,383 | +0.8% |
| Fixed assets | 21/28 | €54,441,925 | €54,315,502 | -€126,424 | -0.2% |
| Tangible fixed assets | 22/27 | €1,973,705 | €1,847,281 | -€126,424 | -6.4% |
| Land and buildings | 22 | €1,943,705 | €1,817,281 | -€126,424 | -6.5% |
| Furniture and vehicles | 24 | €30,000 | €30,000 | = | 0.0% |
| Financial fixed assets | 28 | €52,468,221 | €52,468,221 | = | 0.0% |
| Current assets | 29/58 | €3,635,293 | €4,202,100 | +€566,806 | +15.6% |
| Amounts receivable after more than one year | 29 | €1,398,758 | €1,053,299 | -€345,459 | -24.7% |
| Other amounts receivable | 291 | €1,398,758 | €1,053,299 | -€345,459 | -24.7% |
| Amounts receivable within one year | 40/41 | €239,886 | €339,284 | +€99,398 | +41.4% |
| Trade receivables | 40 | €230,491 | €306,941 | +€76,451 | +33.2% |
| Other amounts receivable | 41 | €9,395 | €32,342 | +€22,947 | +244.2% |
| Current investments | 50/53 | €1,251,687 | €1,288,640 | +€36,953 | +3.0% |
| Cash at bank and in hand | 54/58 | €744,962 | €1,520,877 | +€775,915 | +104.2% |
| Total equity and liabilities | 10/49 | €58,077,219 | €58,517,602 | +€440,383 | +0.8% |
| Equity | 10/15 | €54,437,996 | €54,790,257 | +€352,261 | +0.6% |
| Contributions | 10/11 | €43,479,190 | €43,479,190 | = | 0.0% |
| Reserves | 13 | €8,309 | €8,309 | = | 0.0% |
| Distributable reserves | 133 | €8,309 | €8,309 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,950,497 | €11,302,758 | +€352,261 | +3.2% |
| Amounts payable | 17/49 | €3,639,223 | €3,727,344 | +€88,122 | +2.4% |
| Amounts payable after more than one year | 17 | €3,483,000 | €3,483,000 | = | 0.0% |
| Financial debts | 170/4 | €3,483,000 | €3,483,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €156,223 | €244,344 | +€88,122 | +56.4% |
| Trade debts | 44 | €1,896 | €3,940 | +€2,045 | +107.9% |
| Suppliers | 440/4 | €1,896 | €3,940 | +€2,045 | +107.9% |
| Taxes, remuneration and social security | 45 | €116,228 | €218,594 | +€102,365 | +88.1% |
| Taxes | 450/3 | €116,228 | €218,594 | +€102,365 | +88.1% |
| Other amounts payable | 47/48 | €38,099 | €21,810 | -€16,288 | -42.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,739 | €126,424 | -€7,316 | -5.5% |
| Other operating charges | 640/8 | €6,323 | €6,578 | +€254 | +4.0% |
| Gross operating margin | 9900 | €1,199,945 | €619,942 | -€580,003 | -48.3% |
| Operating profit (loss) | 9901 | €1,059,882 | €486,941 | -€572,942 | -54.1% |
| Financial income | 75/76B | €18,205 | €55,112 | +€36,907 | +202.7% |
| Recurring financial income | 75 | €18,205 | €55,112 | +€36,907 | +202.7% |
| Financial charges | 65/66B | €21,289 | €21,228 | -€62 | -0.3% |
| Recurring financial charges | 65 | €21,289 | €21,228 | -€62 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €1,056,798 | €520,825 | -€535,973 | -50.7% |
| Income taxes | 67/77 | €317,039 | €168,564 | -€148,476 | -46.8% |
| Profit (loss) for the period | 9904 | €739,758 | €352,261 | -€387,497 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €739,758 | €352,261 | -€387,497 | -52.4% |
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 9 October 2026 via checked.be.