SOFIPAX: what changed
What changed
SOFIPAX
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€158,208
31-12-2024 · -€157,215-€994
Equity
€2.3m
31-12-2024 · €2.5m-€158,208
Cash
€471,392
31-12-2024 · €327,305+€144,088
Balance sheet total
€11.0m
31-12-2024 · €11.2m-€168,837
Largest movements
Assets
- Tangible fixed assets -€254,899
down €254,899 (-2.6%), from €9.8m to €9.5m
of which Land and buildings: -€254,899
- Cash +€144,088
up €144,088 (+44.0%), from €327,305 to €471,392
mainly Depreciation (+€254,899) and Investment in fixed assets (net) (+€50,000)
Equity and liabilities
- Profit (loss) carried forward -€158,208
down €158,208 (-52.7%), from -€300,229 to -€458,437
Income statement
- Depreciation +€254,899
new in 2025: €254,899
- Financial income +€144,339
new in 2025: €144,339
- Gross operating margin +€36,002
up €36,002, from -€32,750 to €3,252
- Financial charges -€32,330
down €32,330 (-90.0%), from €35,924 to €3,594
of which Non-recurring financial charges: -€35,709
- Other operating charges +€19,462
up €19,462 (+2,011%), from €968 to €20,429
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 31-12-2024
-€157,215
Gross operating margin
+€36,002
Staff costs
-€16,904
Depreciation
-€254,899
Other operating charges
-€19,462
Other operating items
+€77,600
Financial income
+€144,339
Financial charges
+€32,330
Result 31-12-2025
-€158,208
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€94,088
Investment
+€50,000
Financing
€0
Cash 31-12-2024
€327,305
From operations (derived)
+€94,088
Net result for the year
-€158,208
Depreciation
+€254,899
Receivables within one year
+€10,000
Deferred charges and accrued income
-€1,974
Trade debts
-€4,556
Tax, wage and social debts
-€6,334
Other debts
+€261
Investment (derived)
+€50,000
Investment in fixed assets (net)
+€50,000
Cash 31-12-2025
€471,392
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,162,973 | €10,994,136 | -€168,837 | -1.5% |
| Fixed assets | 21/28 | €10,815,668 | €10,510,769 | -€304,899 | -2.8% |
| Tangible fixed assets | 22/27 | €9,798,086 | €9,543,187 | -€254,899 | -2.6% |
| Land and buildings | 22 | €9,788,767 | €9,533,868 | -€254,899 | -2.6% |
| Furniture and vehicles | 24 | €9,319 | €9,319 | = | 0.0% |
| Financial fixed assets | 28 | €1,017,582 | €967,582 | -€50,000 | -4.9% |
| Current assets | 29/58 | €347,305 | €483,367 | +€136,062 | +39.2% |
| Amounts receivable within one year | 40/41 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Other amounts receivable | 41 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €327,305 | €471,392 | +€144,088 | +44.0% |
| Deferred charges and accrued income | 490/1 | - | €1,974 | +€1,974 | |
| Total equity and liabilities | 10/49 | €11,162,973 | €10,994,136 | -€168,837 | -1.5% |
| Equity | 10/15 | €2,507,998 | €2,349,789 | -€158,208 | -6.3% |
| Contributions | 10/11 | €1,537,000 | €1,537,000 | = | 0.0% |
| Capital | 10 | €1,537,000 | €1,537,000 | = | 0.0% |
| Issued capital | 100 | €1,537,000 | €1,537,000 | = | 0.0% |
| Reserves | 13 | €1,271,227 | €1,271,227 | = | 0.0% |
| Non-distributable reserves | 130/1 | €153,700 | €153,700 | = | 0.0% |
| Legal reserve | 130 | €153,700 | €153,700 | = | 0.0% |
| Distributable reserves | 133 | €1,117,527 | €1,117,527 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€300,229 | -€458,437 | -€158,208 | -52.7% |
| Amounts payable | 17/49 | €8,654,975 | €8,644,346 | -€10,629 | -0.1% |
| Amounts payable within one year | 42/48 | €8,654,975 | €8,644,346 | -€10,629 | -0.1% |
| Trade debts | 44 | €4,556 | - | -€4,556 | |
| Suppliers | 440/4 | €4,556 | - | -€4,556 | |
| Taxes, remuneration and social security | 45 | €6,334 | - | -€6,334 | |
| Taxes | 450/3 | €906 | - | -€906 | |
| Remuneration and social security | 454/9 | €5,427 | - | -€5,427 | |
| Other amounts payable | 47/48 | €8,644,086 | €8,644,346 | +€261 | 0.0% |
| Remuneration, social security and pensions | 62 | €9,973 | €26,877 | +€16,904 | +169% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €254,899 | +€254,899 | |
| Other operating charges | 640/8 | €968 | €20,429 | +€19,462 | +2,011% |
| Non-recurring operating charges | 66A | €77,600 | - | -€77,600 | |
| Gross operating margin | 9900 | -€32,750 | €3,252 | +€36,002 | |
| Operating profit (loss) | 9901 | -€121,291 | -€298,954 | -€177,663 | -146% |
| Financial income | 75/76B | - | €144,339 | +€144,339 | |
| Recurring financial income | 75 | - | €144,339 | +€144,339 | |
| Financial charges | 65/66B | €35,924 | €3,594 | -€32,330 | -90.0% |
| Recurring financial charges | 65 | €215 | €3,594 | +€3,379 | +1,572% |
| Non-recurring financial charges | 66B | €35,709 | - | -€35,709 | |
| Profit (loss) for the period before taxes | 9903 | -€157,215 | -€158,208 | -€994 | -0.6% |
| Profit (loss) for the period | 9904 | -€157,215 | -€158,208 | -€994 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€157,215 | -€158,208 | -€994 | -0.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.