SOFIREST: 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.
SOFIREST
Largest movements
- Tangible fixed assets +€9,275
up €9,275 (+5.7%), from €162,773 to €172,048
of which Furniture and vehicles: +€31,348
- Cash +€7,648
up €7,648 (+19.2%), from €39,788 to €47,437
mainly Depreciation (+€31,505) and Debts after one year (+€19,742)
- Debts after one year +€19,742
up €19,742 (+36.7%), from €53,756 to €73,497
of which Other amounts payable: +€40,000
- Trade debts -€5,054
down €5,054 (-29.6%), from €17,059 to €12,005
- Tax, wage and social debts -€3,776
down €3,776 (-17.0%), from €22,252 to €18,476
of which Taxes: -€6,979
- Depreciation +€6,581
up €6,581 (+26.4%), from €24,924 to €31,505
- Gross operating margin -€6,133
down €6,133 (-2.8%), from €220,412 to €214,280
- Staff costs +€2,467
up €2,467 (+1.5%), from €166,374 to €168,842
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 | €245,345 | €258,810 | +€13,466 | +5.5% |
| Fixed assets | 21/28 | €163,044 | €172,319 | +€9,275 | +5.7% |
| Tangible fixed assets | 22/27 | €162,773 | €172,048 | +€9,275 | +5.7% |
| Plant, machinery and equipment | 23 | €18,049 | €11,085 | -€6,964 | -38.6% |
| Furniture and vehicles | 24 | €13,816 | €45,164 | +€31,348 | +226.9% |
| Other tangible fixed assets | 26 | €130,908 | €115,799 | -€15,109 | -11.5% |
| Financial fixed assets | 28 | €271 | €271 | = | 0.0% |
| Current assets | 29/58 | €82,300 | €86,491 | +€4,191 | +5.1% |
| Stocks and contracts in progress | 3 | €26,187 | €24,256 | -€1,931 | -7.4% |
| Stocks | 30/36 | €26,187 | €24,256 | -€1,931 | -7.4% |
| Amounts receivable within one year | 40/41 | €10,070 | €8,311 | -€1,759 | -17.5% |
| Trade receivables | 40 | €8,949 | €6,927 | -€2,023 | -22.6% |
| Other amounts receivable | 41 | €1,120 | €1,384 | +€264 | +23.6% |
| Cash at bank and in hand | 54/58 | €39,788 | €47,437 | +€7,648 | +19.2% |
| Deferred charges and accrued income | 490/1 | €6,256 | €6,488 | +€232 | +3.7% |
| Total equity and liabilities | 10/49 | €245,345 | €258,810 | +€13,466 | +5.5% |
| Equity | 10/15 | €131,114 | €132,619 | +€1,505 | +1.1% |
| Contributions | 10/11 | €105,355 | €105,355 | = | 0.0% |
| Capital | 10 | €105,355 | €105,355 | = | 0.0% |
| Issued capital | 100 | €105,355 | €105,355 | = | 0.0% |
| Reserves | 13 | €25,759 | €27,265 | +€1,505 | +5.8% |
| Non-distributable reserves | 130/1 | €10,535 | €10,535 | = | 0.0% |
| Legal reserve | 130 | €10,535 | €10,535 | = | 0.0% |
| Distributable reserves | 133 | €15,224 | €16,729 | +€1,505 | +9.9% |
| Amounts payable | 17/49 | €114,231 | €126,191 | +€11,960 | +10.5% |
| Amounts payable after more than one year | 17 | €53,756 | €73,497 | +€19,742 | +36.7% |
| Financial debts | 170/4 | €53,756 | €33,497 | -€20,258 | -37.7% |
| Other amounts payable | 178/9 | - | €40,000 | +€40,000 | |
| Amounts payable within one year | 42/48 | €60,135 | €51,996 | -€8,139 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €19,591 | €20,258 | +€668 | +3.4% |
| Trade debts | 44 | €17,059 | €12,005 | -€5,054 | -29.6% |
| Suppliers | 440/4 | €17,059 | €12,005 | -€5,054 | -29.6% |
| Taxes, remuneration and social security | 45 | €22,252 | €18,476 | -€3,776 | -17.0% |
| Taxes | 450/3 | €7,294 | €315 | -€6,979 | -95.7% |
| Remuneration and social security | 454/9 | €14,959 | €18,161 | +€3,202 | +21.4% |
| Other amounts payable | 47/48 | €1,233 | €1,257 | +€24 | +1.9% |
| Accrued charges and deferred income | 492/3 | €340 | €698 | +€358 | +105.2% |
| Remuneration, social security and pensions | 62 | €166,374 | €168,842 | +€2,467 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,924 | €31,505 | +€6,581 | +26.4% |
| Other operating charges | 640/8 | €2,660 | €2,387 | -€273 | -10.3% |
| Non-recurring operating charges | 66A | - | €371 | +€371 | |
| Gross operating margin | 9900 | €220,412 | €214,280 | -€6,133 | -2.8% |
| Operating profit (loss) | 9901 | €26,454 | €11,175 | -€15,279 | -57.8% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €10,561 | €9,536 | -€1,025 | -9.7% |
| Recurring financial charges | 65 | €10,561 | €9,536 | -€1,025 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €15,893 | €1,640 | -€14,254 | -89.7% |
| Income taxes | 67/77 | €1,576 | €134 | -€1,442 | -91.5% |
| Profit (loss) for the period | 9904 | €14,317 | €1,505 | -€12,812 | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,317 | €1,505 | -€12,812 | -89.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.