Sofindev VI: 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.
Sofindev VI
Largest movements
- Financial fixed assets +€100.7m
up €100.7m (+246.8%), from €40.8m to €141.6m
of which Companies linked by participating interests: +€74.3m
- Cash -€1.8m
down €1.8m (-95.9%), from €1.8m to €75,489
mainly Investment in fixed assets (net) (-€100.7m) and Net result for the year (-€5.4m)
- Contributions +€101.3m
up €101.3m (+184.1%), from €55.0m to €156.3m
- Profit (loss) carried forward -€5.4m
down €5.4m (-45.0%), from -€12.0m to -€17.3m
- Short-term financial debts +€3.1m
up €3.1m, from €0 to €3.1m
- Turnover +€524,288
up €524,288 (+291.4%), from €179,930 to €704,219
- Services and other goods -€219,649
down €219,649 (-3.8%), from €5.7m to €5.5m
- Financial charges +€214,053
up €214,053 (+59.7%), from €358,486 to €572,539
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 | €43,087,121 | €142,329,960 | +€99.2m | +230.3% |
| Fixed assets | 21/28 | €40,825,742 | €141,570,640 | +€100.7m | +246.8% |
| Financial fixed assets | 28 | €40,825,742 | €141,570,640 | +€100.7m | +246.8% |
| Affiliated companies | 280/1 | €40,825,739 | €67,301,171 | +€26.5m | +64.8% |
| Participating interests | 280 | €40,825,739 | €67,301,171 | +€26.5m | +64.8% |
| Companies linked by participating interests | 282/3 | €3 | €74,269,469 | +€74.3m | +2475648866.7% |
| Participating interests | 282 | €3 | €74,269,469 | +€74.3m | +2475648866.7% |
| Current assets | 29/58 | €2,261,379 | €759,320 | -€1.5m | -66.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €425,357 | €678,787 | +€253,430 | +59.6% |
| Trade receivables | 40 | €317,863 | €481,938 | +€164,074 | +51.6% |
| Other amounts receivable | 41 | €107,494 | €196,850 | +€89,356 | +83.1% |
| Cash at bank and in hand | 54/58 | €1,833,604 | €75,489 | -€1.8m | -95.9% |
| Deferred charges and accrued income | 490/1 | €2,418 | €5,044 | +€2,626 | +108.6% |
| Total equity and liabilities | 10/49 | €43,087,121 | €142,329,960 | +€99.2m | +230.3% |
| Equity | 10/15 | €43,039,735 | €138,924,471 | +€95.9m | +222.8% |
| Contributions | 10/11 | €55,000,000 | €156,270,320 | +€101.3m | +184.1% |
| Profit (loss) carried forward | 14 | -€11,960,265 | -€17,345,848 | -€5.4m | -45.0% |
| Amounts payable | 17/49 | €47,386 | €3,405,488 | +€3.4m | +7086.7% |
| Amounts payable within one year | 42/48 | €29,351 | €3,381,397 | +€3.4m | +11420.4% |
| Financial debts | 43 | €0 | €3,100,000 | +€3.1m | |
| Credit institutions | 430/8 | €0 | €3,100,000 | +€3.1m | |
| Trade debts | 44 | €29,351 | €281,397 | +€252,045 | +858.7% |
| Suppliers | 440/4 | €29,351 | €281,397 | +€252,045 | +858.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €1 | +€1 | |
| Accrued charges and deferred income | 492/3 | €18,035 | €24,091 | +€6,056 | +33.6% |
| Operating income | 70/76A | €179,930 | €704,219 | +€524,288 | +291.4% |
| Turnover | 70 | €179,930 | €704,219 | +€524,288 | +291.4% |
| Operating charges | 60/66A | €5,739,152 | €5,520,128 | -€219,024 | -3.8% |
| Services and other goods | 61 | €5,738,764 | €5,519,115 | -€219,649 | -3.8% |
| Other operating charges | 640/8 | €387 | €1,013 | +€625 | +161.5% |
| Operating profit (loss) | 9901 | -€5,559,221 | -€4,815,909 | +€743,312 | +13.4% |
| Financial income | 75/76B | €2,403 | €2,865 | +€462 | +19.2% |
| Recurring financial income | 75 | €2,403 | €2,865 | +€462 | +19.2% |
| Income from current assets | 751 | €2,403 | €2,865 | +€462 | +19.2% |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €358,486 | €572,539 | +€214,053 | +59.7% |
| Recurring financial charges | 65 | €358,486 | €572,539 | +€214,053 | +59.7% |
| Debt charges | 650 | €301,984 | €0 | -€301,984 | -100.0% |
| Other financial charges | 652/9 | €56,502 | €572,539 | +€516,037 | +913.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,915,304 | -€5,385,583 | +€529,720 | +9.0% |
| Profit (loss) for the period | 9904 | -€5,915,304 | -€5,385,583 | +€529,720 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,915,304 | -€5,385,583 | +€529,720 | +9.0% |
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 5 October 2026 via checked.be.