SOFINANCE: 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.
SOFINANCE
Largest movements
- Receivables within one year +€346,747
up €346,747 (+1389.4%), from €24,957 to €371,704
of which Other amounts receivable: +€215,330
- Tangible fixed assets +€259,642
up €259,642 (+729.6%), from €35,588 to €295,230
of which Other tangible fixed assets: +€240,607
- Cash +€36,279
up €36,279 (+172.8%), from €20,992 to €57,271
mainly Net result for the year (+€243,238) and Other debts (+€225,674)
- Intangible fixed assets -€35,850
no longer reported in 2025 (was €35,850)
- Financial fixed assets +€13,552
up €13,552 (+3.2%), from €421,099 to €434,651
- Reserves +€243,238
up €243,238 (+49.8%), from €488,278 to €731,516
- Other debts +€225,674
up €225,674 (+4560.0%), from €4,949 to €230,623
- Trade debts +€96,879
up €96,879 (+2431.6%), from €3,984 to €100,863
- Debts after one year +€80,009
up €80,009 (+491.3%), from €16,286 to €96,295
- Current portion of long-term debt -€19,484
down €19,484 (-58.1%), from €33,559 to €14,075
- Gross operating margin +€231,453
up €231,453 (+189.9%), from €121,887 to €353,341
- Taxes +€63,820
up €63,820 (+666.9%), from €9,570 to €73,390
- Staff costs -€61,174
down €61,174 (-94.6%), from €64,690 to €3,516
- Depreciation +€10,407
up €10,407 (+54.3%), from €19,162 to €29,569
- Financial charges +€5,464
up €5,464 (+173.0%), from €3,159 to €8,624
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 | €560,881 | €1,182,855 | +€621,973 | +110.9% |
| Fixed assets | 21/28 | €492,537 | €729,881 | +€237,344 | +48.2% |
| Intangible fixed assets | 21 | €35,850 | - | -€35,850 | |
| Tangible fixed assets | 22/27 | €35,588 | €295,230 | +€259,642 | +729.6% |
| Furniture and vehicles | 24 | €35,133 | €54,168 | +€19,035 | +54.2% |
| Other tangible fixed assets | 26 | €455 | €241,062 | +€240,607 | +52903.9% |
| Financial fixed assets | 28 | €421,099 | €434,651 | +€13,552 | +3.2% |
| Current assets | 29/58 | €68,344 | €452,974 | +€384,630 | +562.8% |
| Amounts receivable within one year | 40/41 | €24,957 | €371,704 | +€346,747 | +1389.4% |
| Trade receivables | 40 | €17,860 | €149,278 | +€131,418 | +735.8% |
| Other amounts receivable | 41 | €7,097 | €222,427 | +€215,330 | +3034.1% |
| Current investments | 50/53 | €20,884 | €20,993 | +€109 | +0.5% |
| Cash at bank and in hand | 54/58 | €20,992 | €57,271 | +€36,279 | +172.8% |
| Deferred charges and accrued income | 490/1 | €1,510 | €3,005 | +€1,495 | +99.0% |
| Total equity and liabilities | 10/49 | €560,881 | €1,182,855 | +€621,973 | +110.9% |
| Equity | 10/15 | €494,478 | €737,716 | +€243,238 | +49.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €488,278 | €731,516 | +€243,238 | +49.8% |
| Distributable reserves | 133 | €488,278 | €731,516 | +€243,238 | +49.8% |
| Amounts payable | 17/49 | €66,403 | €445,139 | +€378,736 | +570.4% |
| Amounts payable after more than one year | 17 | €16,286 | €96,295 | +€80,009 | +491.3% |
| Financial debts | 170/4 | €16,286 | €96,295 | +€80,009 | +491.3% |
| Amounts payable within one year | 42/48 | €50,117 | €345,562 | +€295,445 | +589.5% |
| Current portion of amounts payable after more than one year | 42 | €33,559 | €14,075 | -€19,484 | -58.1% |
| Trade debts | 44 | €3,984 | €100,863 | +€96,879 | +2431.6% |
| Suppliers | 440/4 | €3,984 | €100,863 | +€96,879 | +2431.6% |
| Taxes, remuneration and social security | 45 | €7,625 | - | -€7,625 | |
| Remuneration and social security | 454/9 | €7,625 | - | -€7,625 | |
| Other amounts payable | 47/48 | €4,949 | €230,623 | +€225,674 | +4560.0% |
| Accrued charges and deferred income | 492/3 | - | €3,282 | +€3,282 | |
| Non-recurring operating income | 76A | - | €326,150 | +€326,150 | |
| Remuneration, social security and pensions | 62 | €64,690 | €3,516 | -€61,174 | -94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,162 | €29,569 | +€10,407 | +54.3% |
| Other operating charges | 640/8 | €487 | €140 | -€347 | -71.3% |
| Non-recurring operating charges | 66A | €1,900 | - | -€1,900 | |
| Gross operating margin | 9900 | €121,887 | €353,341 | +€231,453 | +189.9% |
| Operating profit (loss) | 9901 | €35,648 | €320,115 | +€284,467 | +798.0% |
| Financial income | 75/76B | €813 | €5,136 | +€4,323 | +532.0% |
| Recurring financial income | 75 | €813 | €5,136 | +€4,323 | +532.0% |
| Financial charges | 65/66B | €3,159 | €8,624 | +€5,464 | +173.0% |
| Recurring financial charges | 65 | €3,159 | €8,624 | +€5,464 | +173.0% |
| Profit (loss) for the period before taxes | 9903 | €33,301 | €316,628 | +€283,326 | +850.8% |
| Income taxes | 67/77 | €9,570 | €73,390 | +€63,820 | +666.9% |
| Profit (loss) for the period | 9904 | €23,731 | €243,238 | +€219,506 | +925.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,731 | €243,238 | +€219,506 | +925.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.