SOFINGEST: 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.
SOFINGEST
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Tangible fixed assets -€57,852
down €57,852 (-4.8%), from €1.2m to €1.1m
of which Furniture and vehicles: -€32,692
- Cash -€27,716
down €27,716 (-18.0%), from €154,234 to €126,518
mainly Current investments (-€100,000) and Debts after one year (-€59,452)
- Reserves +€74,198
up €74,198 (+11.8%), from €628,972 to €703,170
of which Distributable reserves: +€74,198
- Debts after one year -€59,452
down €59,452 (-7.1%), from €832,842 to €773,390
of which Other amounts payable: -€50,000
- Trade debts -€35,947
down €35,947 (-75.0%), from €47,912 to €11,965
- Financial income +€46,437
up €46,437 (+74.7%), from €62,186 to €108,623
of which Financial income: +€47,298
- Financial charges +€18,128
up €18,128 (+59.1%), from €30,660 to €48,788
- Gross operating margin +€11,930
up €11,930 (+14.1%), from €84,738 to €96,668
- Depreciation +€6,026
up €6,026 (+10.1%), from €59,536 to €65,562
- Other operating charges -€1,693
down €1,693 (-14.6%), from €11,569 to €9,876
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 | €2,281,643 | €2,295,732 | +€14,089 | +0.6% |
| Fixed assets | 21/28 | €2,112,015 | €2,054,164 | -€57,851 | -2.7% |
| Tangible fixed assets | 22/27 | €1,203,226 | €1,145,374 | -€57,852 | -4.8% |
| Land and buildings | 22 | €991,795 | €971,932 | -€19,863 | -2.0% |
| Plant, machinery and equipment | 23 | €739 | €493 | -€246 | -33.3% |
| Furniture and vehicles | 24 | €124,673 | €91,981 | -€32,692 | -26.2% |
| Other tangible fixed assets | 26 | €86,019 | €80,968 | -€5,051 | -5.9% |
| Financial fixed assets | 28 | €908,790 | €908,790 | +€0 | 0.0% |
| Current assets | 29/58 | €169,628 | €241,568 | +€71,940 | +42.4% |
| Amounts receivable within one year | 40/41 | €15,394 | €15,050 | -€344 | -2.2% |
| Trade receivables | 40 | €15,050 | €15,050 | +€0 | 0.0% |
| Other amounts receivable | 41 | €344 | - | -€344 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €154,234 | €126,518 | -€27,716 | -18.0% |
| Total equity and liabilities | 10/49 | €2,281,643 | €2,295,732 | +€14,089 | +0.6% |
| Equity | 10/15 | €1,327,022 | €1,401,220 | +€74,198 | +5.6% |
| Contributions | 10/11 | €698,050 | €698,050 | = | 0.0% |
| Reserves | 13 | €628,972 | €703,170 | +€74,198 | +11.8% |
| Non-distributable reserves | 130/1 | €23,164 | €23,164 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €23,164 | €23,164 | +€0 | 0.0% |
| Distributable reserves | 133 | €605,808 | €680,006 | +€74,198 | +12.2% |
| Amounts payable | 17/49 | €954,621 | €894,512 | -€60,109 | -6.3% |
| Amounts payable after more than one year | 17 | €832,842 | €773,390 | -€59,452 | -7.1% |
| Financial debts | 170/4 | €32,842 | €23,390 | -€9,452 | -28.8% |
| Other amounts payable | 178/9 | €800,000 | €750,000 | -€50,000 | -6.3% |
| Amounts payable within one year | 42/48 | €93,186 | €74,608 | -€18,578 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €11,080 | €11,080 | -€0 | 0.0% |
| Trade debts | 44 | €47,912 | €11,965 | -€35,947 | -75.0% |
| Suppliers | 440/4 | €47,912 | €11,965 | -€35,947 | -75.0% |
| Taxes, remuneration and social security | 45 | €16,463 | €16,242 | -€221 | -1.3% |
| Taxes | 450/3 | €16,463 | €16,242 | -€221 | -1.3% |
| Other amounts payable | 47/48 | €17,731 | €35,321 | +€17,590 | +99.2% |
| Accrued charges and deferred income | 492/3 | €28,593 | €46,514 | +€17,921 | +62.7% |
| Non-recurring operating income | 76A | - | €905 | +€905 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,536 | €65,562 | +€6,026 | +10.1% |
| Other operating charges | 640/8 | €11,569 | €9,876 | -€1,693 | -14.6% |
| Gross operating margin | 9900 | €84,738 | €96,668 | +€11,930 | +14.1% |
| Operating profit (loss) | 9901 | €13,633 | €21,230 | +€7,597 | +55.7% |
| Financial income | 75/76B | €62,186 | €108,623 | +€46,437 | +74.7% |
| Recurring financial income | 75 | €39,016 | €86,314 | +€47,298 | +121.2% |
| Non-recurring financial income | 76B | €23,170 | €22,309 | -€861 | -3.7% |
| Financial charges | 65/66B | €30,660 | €48,788 | +€18,128 | +59.1% |
| Recurring financial charges | 65 | €30,660 | €48,788 | +€18,128 | +59.1% |
| Profit (loss) for the period before taxes | 9903 | €45,159 | €81,065 | +€35,906 | +79.5% |
| Income taxes | 67/77 | €5,770 | €6,868 | +€1,098 | +19.0% |
| Profit (loss) for the period | 9904 | €39,388 | €74,197 | +€34,809 | +88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,388 | €74,197 | +€34,809 | +88.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.