SOFINO: 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.
What changed
SOFINO
NACE 01.450, Raising of sheep and goats
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€55,288
2024 · €185,654-€130,366
Equity
€2.0m
2024 · €2.0m+€55,288
Cash
€287,908
2024 · €89,149+€198,758
Balance sheet total
€4.1m
2024 · €4.0m+€43,854
Largest movements
Assets
- Cash +€198,758
up €198,758 (+223.0%), from €89,149 to €287,908
mainly Depreciation (+€240,757) and Net result for the year (+€55,288)
- Tangible fixed assets -€125,016
down €125,016 (-3.5%), from €3.6m to €3.5m
of which Land and buildings: -€76,355
Equity and liabilities
- Profit (loss) carried forward +€55,288
up €55,288 (+3.1%), from €1.8m to €1.8m
- Debts after one year -€53,333
down €53,333 (-18.7%), from €284,445 to €231,112
Income statement
- Gross operating margin -€176,593
down €176,593 (-29.8%), from €593,293 to €416,700
- Taxes -€39,689
down €39,689 (-59.4%), from €66,772 to €27,083
- Financial charges -€6,403
down €6,403 (-9.2%), from €69,267 to €62,865
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.
Result 2024
€185,654
Gross operating margin
-€176,593
Staff costs
-€4,085
Depreciation
+€3,605
Other operating charges
+€536
Financial income
+€79
Financial charges
+€6,403
Taxes
+€39,689
Result 2025
€55,288
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.
From operations
+€367,082
Investment
-€114,991
Financing
-€53,333
Cash 2024
€89,149
From operations (derived)
+€367,082
Net result for the year
+€55,288
Depreciation
+€240,757
Stocks and contracts
+€4,500
Receivables within one year
+€25,097
Smaller working-capital items
-€307
Trade debts
-€8,125
Tax, wage and social debts
+€28,088
Other debts
+€21,784
Investment (derived)
-€114,991
Investment in fixed assets (net)
-€114,991
Financing
-€53,333
Debts after one year
-€53,333
Cash 2025
€287,908
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,012,093 | €4,055,947 | +€43,854 | +1.1% |
| Fixed assets | 21/28 | €3,617,520 | €3,491,754 | -€125,766 | -3.5% |
| Tangible fixed assets | 22/27 | €3,616,470 | €3,491,454 | -€125,016 | -3.5% |
| Land and buildings | 22 | €3,321,611 | €3,245,257 | -€76,355 | -2.3% |
| Plant, machinery and equipment | 23 | €54,442 | €55,785 | +€1,343 | +2.5% |
| Furniture and vehicles | 24 | €199,843 | €160,247 | -€39,596 | -19.8% |
| Other tangible fixed assets | 26 | €40,574 | €30,166 | -€10,408 | -25.7% |
| Financial fixed assets | 28 | €1,050 | €300 | -€750 | -71.4% |
| Current assets | 29/58 | €394,573 | €564,193 | +€169,621 | +43.0% |
| Stocks and contracts in progress | 3 | €239,000 | €234,500 | -€4,500 | -1.9% |
| Stocks | 30/36 | €239,000 | €234,500 | -€4,500 | -1.9% |
| Amounts receivable within one year | 40/41 | €62,855 | €37,758 | -€25,097 | -39.9% |
| Trade receivables | 40 | €11,468 | €4,517 | -€6,951 | -60.6% |
| Other amounts receivable | 41 | €51,387 | €33,241 | -€18,146 | -35.3% |
| Cash at bank and in hand | 54/58 | €89,149 | €287,908 | +€198,758 | +223.0% |
| Deferred charges and accrued income | 490/1 | €3,568 | €4,028 | +€459 | +12.9% |
| Total equity and liabilities | 10/49 | €4,012,093 | €4,055,947 | +€43,854 | +1.1% |
| Equity | 10/15 | €1,989,377 | €2,044,664 | +€55,288 | +2.8% |
| Contributions | 10/11 | €210,710 | €210,710 | = | 0.0% |
| Reserves | 13 | €21,071 | €21,071 | = | 0.0% |
| Distributable reserves | 133 | €21,071 | €21,071 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,757,596 | €1,812,884 | +€55,288 | +3.1% |
| Provisions and deferred taxes | 16 | €44,336 | €44,336 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €44,336 | €44,336 | = | 0.0% |
| Other liabilities and charges | 164/5 | €44,336 | €44,336 | = | 0.0% |
| Amounts payable | 17/49 | €1,978,380 | €1,966,946 | -€11,434 | -0.6% |
| Amounts payable after more than one year | 17 | €284,445 | €231,112 | -€53,333 | -18.7% |
| Financial debts | 170/4 | €284,445 | €231,112 | -€53,333 | -18.7% |
| Amounts payable within one year | 42/48 | €1,693,249 | €1,734,996 | +€41,747 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €53,333 | €53,333 | = | 0.0% |
| Trade debts | 44 | €18,453 | €10,328 | -€8,125 | -44.0% |
| Suppliers | 440/4 | €18,453 | €10,328 | -€8,125 | -44.0% |
| Taxes, remuneration and social security | 45 | €29,673 | €57,761 | +€28,088 | +94.7% |
| Taxes | 450/3 | €26,275 | €54,906 | +€28,631 | +109.0% |
| Remuneration and social security | 454/9 | €3,398 | €2,855 | -€543 | -16.0% |
| Other amounts payable | 47/48 | €1,591,790 | €1,613,573 | +€21,784 | +1.4% |
| Accrued charges and deferred income | 492/3 | €685 | €838 | +€153 | +22.3% |
| Non-recurring operating income | 76A | €1,600 | - | -€1,600 | |
| Remuneration, social security and pensions | 62 | €3,111 | €7,196 | +€4,085 | +131.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €244,362 | €240,757 | -€3,605 | -1.5% |
| Other operating charges | 640/8 | €24,191 | €23,655 | -€536 | -2.2% |
| Gross operating margin | 9900 | €593,293 | €416,700 | -€176,593 | -29.8% |
| Operating profit (loss) | 9901 | €321,629 | €145,092 | -€176,537 | -54.9% |
| Financial income | 75/76B | €64 | €143 | +€79 | +124.3% |
| Recurring financial income | 75 | €64 | €143 | +€79 | +124.3% |
| Financial charges | 65/66B | €69,267 | €62,865 | -€6,403 | -9.2% |
| Recurring financial charges | 65 | €69,267 | €62,865 | -€6,403 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €252,426 | €82,371 | -€170,055 | -67.4% |
| Income taxes | 67/77 | €66,772 | €27,083 | -€39,689 | -59.4% |
| Profit (loss) for the period | 9904 | €185,654 | €55,288 | -€130,366 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €185,654 | €55,288 | -€130,366 | -70.2% |
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.