Sofin: what changed
Sofin
Largest movements
- Cash +€53,489
up €53,489 (+503%), from €10,642 to €64,131
mainly Net result for the year (+€91,283) and Tax, wage and social debts (+€21,001)
- Tangible fixed assets +€50,515
up €50,515 (+15.5%), from €325,905 to €376,420
of which Assets under construction and advance payments: +€59,026
- Receivables within one year -€15,808
down €15,808 (-96.2%), from €16,438 to €630
- Profit (loss) carried forward +€91,283
up €91,283 (+1,950%), from €4,681 to €95,964
- Tax, wage and social debts +€21,001
up €21,001 (+971%), from €2,163 to €23,165
of which Taxes: +€20,881
- Other debts -€13,528
down €13,528 (-63.5%), from €21,318 to €7,789
- Debts after one year -€9,671
down €9,671 (-3.1%), from €313,101 to €303,430
of which Financial debts: -€7,671
- Turnover +€275,481
new in 2025: €275,481
- Purchases and services +€145,008
new in 2025: €145,008
- Gross operating margin +€108,503
up €108,503 (+285%), from €38,034 to €146,536
- Taxes +€18,975
up €18,975 (+877%), from €2,163 to €21,139
- Financial charges +€5,546
up €5,546 (+49.2%), from €11,265 to €16,812
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €361,480 | €451,970 | +€90,489 | +25.0% |
| Formation expenses | 20 | €986 | €986 | = | 0.0% |
| Fixed assets | 21/28 | €329,721 | €379,812 | +€50,091 | +15.2% |
| Intangible fixed assets | 21 | €3,817 | €3,392 | -€425 | -11.1% |
| Tangible fixed assets | 22/27 | €325,905 | €376,420 | +€50,515 | +15.5% |
| Land and buildings | 22 | €299,803 | €285,679 | -€14,124 | -4.7% |
| Furniture and vehicles | 24 | €3,899 | €9,511 | +€5,613 | +144% |
| Assets under construction and advance payments | 27 | €22,203 | €81,229 | +€59,026 | +266% |
| Current assets | 29/58 | €30,773 | €71,171 | +€40,399 | +131% |
| Amounts receivable within one year | 40/41 | €16,438 | €630 | -€15,808 | -96.2% |
| Trade receivables | 40 | €16,438 | €630 | -€15,808 | -96.2% |
| Cash at bank and in hand | 54/58 | €10,642 | €64,131 | +€53,489 | +503% |
| Deferred charges and accrued income | 490/1 | €3,693 | €6,411 | +€2,718 | +73.6% |
| Total equity and liabilities | 10/49 | €361,480 | €451,970 | +€90,489 | +25.0% |
| Equity | 10/15 | €9,681 | €100,964 | +€91,283 | +943% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,681 | €95,964 | +€91,283 | +1,950% |
| Amounts payable | 17/49 | €351,799 | €351,005 | -€794 | -0.2% |
| Amounts payable after more than one year | 17 | €313,101 | €303,430 | -€9,671 | -3.1% |
| Financial debts | 170/4 | €213,101 | €205,430 | -€7,671 | -3.6% |
| Other amounts payable | 178/9 | €100,000 | €98,000 | -€2,000 | -2.0% |
| Amounts payable within one year | 42/48 | €35,848 | €44,725 | +€8,877 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €7,942 | €8,295 | +€352 | +4.4% |
| Trade debts | 44 | €4,425 | €5,476 | +€1,051 | +23.8% |
| Suppliers | 440/4 | €4,425 | €5,476 | +€1,051 | +23.8% |
| Taxes, remuneration and social security | 45 | €2,163 | €23,165 | +€21,001 | +971% |
| Taxes | 450/3 | €2,163 | €23,045 | +€20,881 | +965% |
| Remuneration and social security | 454/9 | - | €120 | +€120 | |
| Other amounts payable | 47/48 | €21,318 | €7,789 | -€13,528 | -63.5% |
| Accrued charges and deferred income | 492/3 | €2,850 | €2,850 | = | 0.0% |
| Turnover | 70 | - | €275,481 | +€275,481 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €145,008 | +€145,008 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,888 | €16,407 | +€2,520 | +18.1% |
| Other operating charges | 640/8 | €6,037 | €959 | -€5,077 | -84.1% |
| Gross operating margin | 9900 | €38,034 | €146,536 | +€108,503 | +285% |
| Operating profit (loss) | 9901 | €18,109 | €129,169 | +€111,060 | +613% |
| Financial income | 75/76B | - | €65 | +€65 | |
| Recurring financial income | 75 | - | €65 | +€65 | |
| Financial charges | 65/66B | €11,265 | €16,812 | +€5,546 | +49.2% |
| Recurring financial charges | 65 | €11,265 | €16,812 | +€5,546 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | €6,844 | €112,422 | +€105,578 | +1,543% |
| Income taxes | 67/77 | €2,163 | €21,139 | +€18,975 | +877% |
| Profit (loss) for the period | 9904 | €4,681 | €91,283 | +€86,603 | +1,850% |
| Profit (loss) for the period to be appropriated | 9905 | €4,681 | €91,283 | +€86,603 | +1,850% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.