SoFinn Management: 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.
SoFinn Management
Largest movements
- Cash +€9,852
up €9,852 (+3.4%), from €287,137 to €296,989
mainly Net result for the year (+€33,745) and Depreciation (+€9,409)
- Receivables within one year -€7,553
down €7,553 (-26.6%), from €28,417 to €20,864
of which Trade receivables: -€11,122
- Tangible fixed assets -€7,379
down €7,379 (-23.3%), from €31,707 to €24,328
of which Furniture and vehicles: -€7,245
- Debts after one year -€9,355
down €9,355 (-36.7%), from €25,505 to €16,150
- Tax, wage and social debts -€6,019
down €6,019 (-15.4%), from €39,131 to €33,112
of which Remuneration and social security: -€3,098
- Advances received +€5,445
new in 2024: €5,445
- Gross operating margin -€35,291
down €35,291 (-27.2%), from €129,727 to €94,436
- Taxes -€10,233
down €10,233 (-36.0%), from €28,458 to €18,225
- Financial charges -€3,873
down €3,873 (-78.8%), from €4,915 to €1,043
- Financial income +€2,922
up €2,922 (+1048.6%), from €279 to €3,200
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €350,192 | €342,182 | -€8,010 | -2.3% |
| Fixed assets | 21/28 | €31,707 | €24,328 | -€7,379 | -23.3% |
| Tangible fixed assets | 22/27 | €31,707 | €24,328 | -€7,379 | -23.3% |
| Plant, machinery and equipment | 23 | €133 | - | -€133 | |
| Furniture and vehicles | 24 | €31,574 | €24,328 | -€7,245 | -22.9% |
| Current assets | 29/58 | €318,486 | €317,854 | -€632 | -0.2% |
| Amounts receivable within one year | 40/41 | €28,417 | €20,864 | -€7,553 | -26.6% |
| Trade receivables | 40 | €24,251 | €13,129 | -€11,122 | -45.9% |
| Other amounts receivable | 41 | €4,167 | €7,735 | +€3,568 | +85.6% |
| Cash at bank and in hand | 54/58 | €287,137 | €296,989 | +€9,852 | +3.4% |
| Deferred charges and accrued income | 490/1 | €2,931 | - | -€2,931 | |
| Total equity and liabilities | 10/49 | €350,192 | €342,182 | -€8,010 | -2.3% |
| Equity | 10/15 | €265,843 | €266,589 | +€745 | +0.3% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €255,500 | €257,500 | +€2,000 | +0.8% |
| Tax-exempt reserves | 132 | €15,500 | €15,500 | = | 0.0% |
| Distributable reserves | 133 | €240,000 | €242,000 | +€2,000 | +0.8% |
| Profit (loss) carried forward | 14 | €2,283 | €1,029 | -€1,255 | -54.9% |
| Amounts payable | 17/49 | €84,349 | €75,593 | -€8,756 | -10.4% |
| Amounts payable after more than one year | 17 | €25,505 | €16,150 | -€9,355 | -36.7% |
| Financial debts | 170/4 | €25,505 | €16,150 | -€9,355 | -36.7% |
| Amounts payable within one year | 42/48 | €58,018 | €58,617 | +€599 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €9,111 | €9,355 | +€243 | +2.7% |
| Trade debts | 44 | €9,776 | €9,285 | -€491 | -5.0% |
| Suppliers | 440/4 | €9,776 | €9,285 | -€491 | -5.0% |
| Advances received on contracts in progress | 46 | - | €5,445 | +€5,445 | |
| Taxes, remuneration and social security | 45 | €39,131 | €33,112 | -€6,019 | -15.4% |
| Taxes | 450/3 | €32,094 | €29,173 | -€2,922 | -9.1% |
| Remuneration and social security | 454/9 | €7,037 | €3,939 | -€3,098 | -44.0% |
| Other amounts payable | 47/48 | - | €1,421 | +€1,421 | |
| Accrued charges and deferred income | 492/3 | €826 | €826 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €34,371 | €34,344 | -€27 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,407 | €9,409 | +€2 | 0.0% |
| Other operating charges | 640/8 | €1,059 | €870 | -€189 | -17.9% |
| Gross operating margin | 9900 | €129,727 | €94,436 | -€35,291 | -27.2% |
| Operating profit (loss) | 9901 | €84,889 | €49,813 | -€35,077 | -41.3% |
| Financial income | 75/76B | €279 | €3,200 | +€2,922 | +1048.6% |
| Recurring financial income | 75 | €279 | €3,200 | +€2,922 | +1048.6% |
| Financial charges | 65/66B | €4,915 | €1,043 | -€3,873 | -78.8% |
| Recurring financial charges | 65 | €4,915 | €1,043 | -€3,873 | -78.8% |
| Profit (loss) for the period before taxes | 9903 | €80,253 | €51,970 | -€28,282 | -35.2% |
| Income taxes | 67/77 | €28,458 | €18,225 | -€10,233 | -36.0% |
| Profit (loss) for the period | 9904 | €51,795 | €33,745 | -€18,049 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,795 | €33,745 | -€18,049 | -34.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.