SOFINGES: 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.
SOFINGES
Largest movements
- Stocks and contracts -€114,461
down €114,461 (-13.8%), from €828,122 to €713,661
- Receivables within one year +€105,457
up €105,457 (+148.6%), from €70,962 to €176,419
of which Trade receivables: +€139,602
- Tangible fixed assets -€104,785
down €104,785 (-15.2%), from €690,710 to €585,925
of which Land and buildings: -€78,582
- Trade debts -€59,651
down €59,651 (-12.9%), from €462,178 to €402,527
- Debts after one year -€35,426
down €35,426 (-7.9%), from €446,503 to €411,077
of which Financial debts: -€40,153
- Current portion of long-term debt -€18,657
down €18,657 (-23.0%), from €81,157 to €62,500
- Provisions +€38,788
up €38,788, from -€16,947 to €21,841
- Gross operating margin +€24,704
up €24,704 (+3.8%), from €641,850 to €666,554
- Financial income -€11,994
down €11,994 (-77.7%), from €15,443 to €3,449
- Depreciation -€11,694
down €11,694 (-7.2%), from €161,659 to €149,965
- Staff costs -€8,780
down €8,780 (-2.0%), from €436,955 to €428,176
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 | €1,696,814 | €1,577,919 | -€118,895 | -7.0% |
| Fixed assets | 21/28 | €691,054 | €586,269 | -€104,785 | -15.2% |
| Tangible fixed assets | 22/27 | €690,710 | €585,925 | -€104,785 | -15.2% |
| Land and buildings | 22 | €600,253 | €521,671 | -€78,582 | -13.1% |
| Furniture and vehicles | 24 | €89,619 | €62,878 | -€26,741 | -29.8% |
| Leasing and similar rights | 25 | €837 | €1,375 | +€538 | +64.3% |
| Financial fixed assets | 28 | €344 | €344 | = | 0.0% |
| Current assets | 29/58 | €1,005,761 | €991,650 | -€14,111 | -1.4% |
| Stocks and contracts in progress | 3 | €828,122 | €713,661 | -€114,461 | -13.8% |
| Stocks | 30/36 | €828,122 | €713,661 | -€114,461 | -13.8% |
| Amounts receivable within one year | 40/41 | €70,962 | €176,419 | +€105,457 | +148.6% |
| Trade receivables | 40 | €35,820 | €175,422 | +€139,602 | +389.7% |
| Other amounts receivable | 41 | €35,142 | €997 | -€34,145 | -97.2% |
| Cash at bank and in hand | 54/58 | €102,100 | €96,789 | -€5,311 | -5.2% |
| Deferred charges and accrued income | 490/1 | €4,577 | €4,781 | +€204 | +4.5% |
| Total equity and liabilities | 10/49 | €1,696,814 | €1,577,919 | -€118,895 | -7.0% |
| Equity | 10/15 | €250,063 | €252,002 | +€1,938 | +0.8% |
| Contributions | 10/11 | €174,990 | €174,990 | = | 0.0% |
| Capital | 10 | €174,990 | €174,990 | = | 0.0% |
| Issued capital | 100 | €174,990 | €174,990 | = | 0.0% |
| Reserves | 13 | €17,499 | €17,499 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,499 | €17,499 | = | 0.0% |
| Legal reserve | 130 | €17,499 | €17,499 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,574 | €59,513 | +€1,938 | +3.4% |
| Amounts payable | 17/49 | €1,446,751 | €1,325,917 | -€120,834 | -8.4% |
| Amounts payable after more than one year | 17 | €446,503 | €411,077 | -€35,426 | -7.9% |
| Financial debts | 170/4 | €210,132 | €169,979 | -€40,153 | -19.1% |
| Other amounts payable | 178/9 | €236,371 | €241,098 | +€4,727 | +2.0% |
| Amounts payable within one year | 42/48 | €999,758 | €913,740 | -€86,018 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €81,157 | €62,500 | -€18,657 | -23.0% |
| Financial debts | 43 | €400,000 | €400,000 | = | 0.0% |
| Credit institutions | 430/8 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €462,178 | €402,527 | -€59,651 | -12.9% |
| Suppliers | 440/4 | €462,178 | €402,527 | -€59,651 | -12.9% |
| Taxes, remuneration and social security | 45 | €56,423 | €47,213 | -€9,210 | -16.3% |
| Taxes | 450/3 | €7,432 | €8,329 | +€898 | +12.1% |
| Remuneration and social security | 454/9 | €48,992 | €38,884 | -€10,108 | -20.6% |
| Other amounts payable | 47/48 | - | €1,500 | +€1,500 | |
| Accrued charges and deferred income | 492/3 | €490 | €1,100 | +€610 | +124.5% |
| Remuneration, social security and pensions | 62 | €436,955 | €428,176 | -€8,780 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,659 | €149,965 | -€11,694 | -7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €747 | - | -€747 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€16,947 | €21,841 | +€38,788 | |
| Other operating charges | 640/8 | €18,406 | €15,465 | -€2,941 | -16.0% |
| Gross operating margin | 9900 | €641,850 | €666,554 | +€24,704 | +3.8% |
| Operating profit (loss) | 9901 | €41,030 | €51,107 | +€10,076 | +24.6% |
| Financial income | 75/76B | €15,443 | €3,449 | -€11,994 | -77.7% |
| Recurring financial income | 75 | €15,443 | €3,449 | -€11,994 | -77.7% |
| Financial charges | 65/66B | €50,732 | €44,491 | -€6,241 | -12.3% |
| Recurring financial charges | 65 | €50,732 | €44,491 | -€6,241 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €5,742 | €10,065 | +€4,323 | +75.3% |
| Income taxes | 67/77 | €6,521 | €8,127 | +€1,605 | +24.6% |
| Profit (loss) for the period | 9904 | -€780 | €1,938 | +€2,718 | |
| Profit (loss) for the period to be appropriated | 9905 | -€780 | €1,938 | +€2,718 |
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.