SOFINDEV V: 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.
SOFINDEV V
Largest movements
- Financial fixed assets -€15.4m
down €15.4m (-12.0%), from €128.7m to €113.3m
- Contributions -€55.6m
down €55.6m (-38.0%), from €146.2m to €90.6m
- Profit (loss) carried forward +€39.2m
up €39.2m, from -€16.7m to €22.6m
- Financial income +€41.4m
up €41.4m (+52469889.7%), from €79 to €41.4m
of which Non-recurring financial income: +€41.4m
- Gross operating margin +€823,619
up €823,619 (+27.7%), from -€3.0m to -€2.1m
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 | €129,550,033 | €113,519,213 | -€16.0m | -12.4% |
| Fixed assets | 21/28 | €128,748,469 | €113,303,900 | -€15.4m | -12.0% |
| Financial fixed assets | 28 | €128,748,469 | €113,303,900 | -€15.4m | -12.0% |
| Current assets | 29/58 | €801,564 | €215,313 | -€586,251 | -73.1% |
| Amounts receivable within one year | 40/41 | €80,563 | €80,256 | -€307 | -0.4% |
| Trade receivables | 40 | €80,563 | €35,188 | -€45,375 | -56.3% |
| Other amounts receivable | 41 | €0 | €45,068 | +€45,068 | |
| Cash at bank and in hand | 54/58 | €721,001 | €135,057 | -€585,944 | -81.3% |
| Total equity and liabilities | 10/49 | €129,550,033 | €113,519,213 | -€16.0m | -12.4% |
| Equity | 10/15 | €129,517,614 | €113,197,395 | -€16.3m | -12.6% |
| Contributions | 10/11 | €146,200,000 | €90,644,000 | -€55.6m | -38.0% |
| Profit (loss) carried forward | 14 | -€16,682,386 | €22,553,395 | +€39.2m | |
| Amounts payable | 17/49 | €32,419 | €321,818 | +€289,399 | +892.7% |
| Amounts payable within one year | 42/48 | €15,526 | €302,291 | +€286,765 | +1847.0% |
| Financial debts | 43 | - | €300,000 | +€300,000 | |
| Credit institutions | 430/8 | - | €300,000 | +€300,000 | |
| Trade debts | 44 | €0 | €2,291 | +€2,291 | |
| Suppliers | 440/4 | €0 | €2,291 | +€2,291 | |
| Taxes, remuneration and social security | 45 | €736 | €0 | -€736 | -100.0% |
| Taxes | 450/3 | €736 | €0 | -€736 | -100.0% |
| Other amounts payable | 47/48 | €14,790 | €0 | -€14,790 | -100.0% |
| Accrued charges and deferred income | 492/3 | €16,893 | €19,527 | +€2,634 | +15.6% |
| Gross operating margin | 9900 | -€2,971,019 | -€2,147,400 | +€823,619 | +27.7% |
| Operating profit (loss) | 9901 | -€2,971,019 | -€2,147,400 | +€823,619 | +27.7% |
| Financial income | 75/76B | €79 | €41,425,057 | +€41.4m | +52469889.7% |
| Recurring financial income | 75 | €79 | €44 | -€35 | -43.8% |
| Non-recurring financial income | 76B | - | €41,425,013 | +€41.4m | |
| Financial charges | 65/66B | €37,362 | €41,864 | +€4,502 | +12.0% |
| Recurring financial charges | 65 | €37,362 | €41,864 | +€4,502 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,008,302 | €39,235,792 | +€42.2m | |
| Income taxes | 67/77 | €19 | €11 | -€8 | -39.9% |
| Profit (loss) for the period | 9904 | -€3,008,321 | €39,235,781 | +€42.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,008,321 | €39,235,781 | +€42.2m |
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 11 October 2026 via checked.be.