SOFIPA: 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.
SOFIPA
Largest movements
- Receivables within one year -€89,966
down €89,966 (-89.8%), from €100,135 to €10,169
of which Other amounts receivable: -€54,265
- Cash +€44,108
up €44,108 (+372.7%), from €11,836 to €55,943
mainly Receivables within one year (+€89,966) and Net result for the year (+€9,472)
- Tangible fixed assets -€4,954
down €4,954 (-9.1%), from €54,501 to €49,546
of which Land and buildings: -€2,735
- Debts after one year -€48,000
down €48,000 (-13.1%), from €365,552 to €317,552
- Trade debts -€12,465
down €12,465 (-12.7%), from €97,974 to €85,509
- Profit (loss) carried forward +€9,472
up €9,472 (+37.0%), from -€25,570 to -€16,098
- Gross operating margin -€5,351
down €5,351 (-28.2%), from €18,995 to €13,643
- Financial income -€474
down €474 (-12.2%), from €3,886 to €3,412
- Depreciation +€246
up €246 (+4.1%), from €5,938 to €6,184
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 | €492,101 | €441,288 | -€50,813 | -10.3% |
| Fixed assets | 21/28 | €54,501 | €49,546 | -€4,954 | -9.1% |
| Tangible fixed assets | 22/27 | €54,501 | €49,546 | -€4,954 | -9.1% |
| Land and buildings | 22 | €24,188 | €21,452 | -€2,735 | -11.3% |
| Plant, machinery and equipment | 23 | €30,313 | €28,094 | -€2,219 | -7.3% |
| Current assets | 29/58 | €437,600 | €391,742 | -€45,858 | -10.5% |
| Amounts receivable within one year | 40/41 | €100,135 | €10,169 | -€89,966 | -89.8% |
| Trade receivables | 40 | €44,091 | €8,389 | -€35,701 | -81.0% |
| Other amounts receivable | 41 | €56,044 | €1,780 | -€54,265 | -96.8% |
| Current investments | 50/53 | €325,630 | €325,630 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,836 | €55,943 | +€44,108 | +372.7% |
| Total equity and liabilities | 10/49 | €492,101 | €441,288 | -€50,813 | -10.3% |
| Equity | 10/15 | €28,575 | €38,048 | +€9,472 | +33.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,545 | €35,545 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,310 | €7,310 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,310 | €7,310 | = | 0.0% |
| Distributable reserves | 133 | €28,235 | €28,235 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,570 | -€16,098 | +€9,472 | +37.0% |
| Amounts payable | 17/49 | €463,526 | €403,241 | -€60,285 | -13.0% |
| Amounts payable after more than one year | 17 | €365,552 | €317,552 | -€48,000 | -13.1% |
| Other amounts payable | 178/9 | €365,552 | €317,552 | -€48,000 | -13.1% |
| Amounts payable within one year | 42/48 | €97,974 | €85,689 | -€12,285 | -12.5% |
| Trade debts | 44 | €97,974 | €85,509 | -€12,465 | -12.7% |
| Suppliers | 440/4 | €97,974 | €85,509 | -€12,465 | -12.7% |
| Taxes, remuneration and social security | 45 | - | €180 | +€180 | |
| Taxes | 450/3 | - | €180 | +€180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,938 | €6,184 | +€246 | +4.1% |
| Other operating charges | 640/8 | €720 | €907 | +€187 | +25.9% |
| Non-recurring operating charges | 66A | €8,929 | €0 | -€8,929 | -100.0% |
| Gross operating margin | 9900 | €18,995 | €13,643 | -€5,351 | -28.2% |
| Operating profit (loss) | 9901 | €3,407 | €6,552 | +€3,145 | +92.3% |
| Financial income | 75/76B | €3,886 | €3,412 | -€474 | -12.2% |
| Recurring financial income | 75 | €3,886 | €3,412 | -€474 | -12.2% |
| Financial charges | 65/66B | €421 | €491 | +€71 | +16.9% |
| Recurring financial charges | 65 | €421 | €491 | +€71 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €6,872 | €9,472 | +€2,600 | +37.8% |
| Profit (loss) for the period | 9904 | €6,872 | €9,472 | +€2,600 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,872 | €9,472 | +€2,600 | +37.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.