SOFIRA: 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.
SOFIRA
Largest movements
- Cash +€113,044
up €113,044 (+380.4%), from €29,716 to €142,760
mainly Net result for the year (+€152,158) and Other debts (+€112,581)
- Tangible fixed assets -€51,176
down €51,176 (-3.6%), from €1.4m to €1.4m
of which Land and buildings: -€46,820
- Other debts +€112,581
up €112,581 (+145.4%), from €77,419 to €190,000
- Profit (loss) carried forward -€37,842
down €37,842 (-2.9%), from €1.3m to €1.3m
- Financial charges -€15,502
down €15,502 (-99.8%), from €15,530 to €28
- Taxes +€4,351
up €4,351 (+9.4%), from €46,414 to €50,765
- Depreciation +€4,165
up €4,165 (+8.9%), from €47,011 to €51,176
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 | €1,478,439 | €1,541,110 | +€62,671 | +4.2% |
| Fixed assets | 21/28 | €1,421,856 | €1,370,680 | -€51,176 | -3.6% |
| Tangible fixed assets | 22/27 | €1,416,006 | €1,364,830 | -€51,176 | -3.6% |
| Land and buildings | 22 | €1,394,417 | €1,347,597 | -€46,820 | -3.4% |
| Furniture and vehicles | 24 | €21,589 | €17,233 | -€4,356 | -20.2% |
| Financial fixed assets | 28 | €5,850 | €5,850 | = | 0.0% |
| Current assets | 29/58 | €56,583 | €170,430 | +€113,847 | +201.2% |
| Amounts receivable within one year | 40/41 | €26,867 | €27,320 | +€453 | +1.7% |
| Trade receivables | 40 | - | €3,584 | +€3,584 | |
| Other amounts receivable | 41 | €26,867 | €23,736 | -€3,131 | -11.7% |
| Cash at bank and in hand | 54/58 | €29,716 | €142,760 | +€113,044 | +380.4% |
| Deferred charges and accrued income | 490/1 | - | €350 | +€350 | |
| Total equity and liabilities | 10/49 | €1,478,439 | €1,541,110 | +€62,671 | +4.2% |
| Equity | 10/15 | €1,359,507 | €1,321,665 | -€37,842 | -2.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,291,307 | €1,253,465 | -€37,842 | -2.9% |
| Amounts payable | 17/49 | €118,932 | €219,445 | +€100,513 | +84.5% |
| Amounts payable within one year | 42/48 | €92,920 | €193,101 | +€100,181 | +107.8% |
| Trade debts | 44 | €6,361 | €1,901 | -€4,460 | -70.1% |
| Suppliers | 440/4 | €6,361 | €1,901 | -€4,460 | -70.1% |
| Taxes, remuneration and social security | 45 | €9,140 | €1,200 | -€7,940 | -86.9% |
| Remuneration and social security | 454/9 | €9,140 | €1,200 | -€7,940 | -86.9% |
| Other amounts payable | 47/48 | €77,419 | €190,000 | +€112,581 | +145.4% |
| Accrued charges and deferred income | 492/3 | €26,012 | €26,344 | +€332 | +1.3% |
| Remuneration, social security and pensions | 62 | €61,466 | €62,943 | +€1,477 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,011 | €51,176 | +€4,165 | +8.9% |
| Other operating charges | 640/8 | €13,097 | €11,440 | -€1,657 | -12.7% |
| Gross operating margin | 9900 | €327,686 | €328,510 | +€824 | +0.3% |
| Operating profit (loss) | 9901 | €206,112 | €202,951 | -€3,161 | -1.5% |
| Financial income | 75/76B | €2,822 | - | -€2,822 | |
| Recurring financial income | 75 | €2,822 | - | -€2,822 | |
| Financial charges | 65/66B | €15,530 | €28 | -€15,502 | -99.8% |
| Recurring financial charges | 65 | €15,530 | €28 | -€15,502 | -99.8% |
| Profit (loss) for the period before taxes | 9903 | €193,404 | €202,923 | +€9,519 | +4.9% |
| Income taxes | 67/77 | €46,414 | €50,765 | +€4,351 | +9.4% |
| Profit (loss) for the period | 9904 | €146,990 | €152,158 | +€5,168 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €146,990 | €152,158 | +€5,168 | +3.5% |
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.