SOFISTEF: 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.
SOFISTEF
Largest movements
- Tangible fixed assets -€20,332
down €20,332 (-8.0%), from €254,550 to €234,218
of which Plant, machinery and equipment: -€20,332
- Cash +€18,866
up €18,866 (+163.0%), from €11,573 to €30,439
mainly Depreciation (+€20,332) and Current portion of long-term debt (+€4,016)
- Reserves -€16,403
down €16,403 (-9.8%), from €168,200 to €151,797
of which Distributable reserves: -€16,403
- Profit (loss) carried forward +€11,329
no longer reported in 2025 (was -€11,329)
- Current portion of long-term debt +€4,016
new in 2025: €4,016
- Gross operating margin -€3,312
down €3,312 (-10.5%), from €31,462 to €28,149
- Depreciation +€1,584
up €1,584 (+8.4%), from €18,748 to €20,332
- Other operating charges +€380
up €380 (+3.1%), from €12,173 to €12,553
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 | €316,167 | €315,481 | -€686 | -0.2% |
| Fixed assets | 21/28 | €254,550 | €234,218 | -€20,332 | -8.0% |
| Tangible fixed assets | 22/27 | €254,550 | €234,218 | -€20,332 | -8.0% |
| Land and buildings | 22 | €173,525 | €173,525 | = | 0.0% |
| Plant, machinery and equipment | 23 | €81,024 | €60,692 | -€20,332 | -25.1% |
| Current assets | 29/58 | €61,617 | €81,263 | +€19,646 | +31.9% |
| Amounts receivable within one year | 40/41 | €49,487 | €50,129 | +€642 | +1.3% |
| Other amounts receivable | 41 | €49,487 | €50,129 | +€642 | +1.3% |
| Cash at bank and in hand | 54/58 | €11,573 | €30,439 | +€18,866 | +163.0% |
| Deferred charges and accrued income | 490/1 | €557 | €695 | +€138 | +24.8% |
| Total equity and liabilities | 10/49 | €316,167 | €315,481 | -€686 | -0.2% |
| Equity | 10/15 | €311,335 | €306,262 | -€5,073 | -1.6% |
| 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% |
| Revaluation surpluses | 12 | €92,464 | €92,464 | = | 0.0% |
| Reserves | 13 | €168,200 | €151,797 | -€16,403 | -9.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €162,000 | €145,597 | -€16,403 | -10.1% |
| Profit (loss) carried forward | 14 | -€11,329 | - | +€11,329 | |
| Amounts payable | 17/49 | €4,832 | €9,220 | +€4,388 | +90.8% |
| Amounts payable after more than one year | 17 | - | €3,109 | +€3,109 | |
| Financial debts | 170/4 | - | €3,109 | +€3,109 | |
| Amounts payable within one year | 42/48 | €4,832 | €6,111 | +€1,279 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,016 | +€4,016 | |
| Trade debts | 44 | €2,344 | €1,744 | -€600 | -25.6% |
| Suppliers | 440/4 | €2,344 | €1,744 | -€600 | -25.6% |
| Taxes, remuneration and social security | 45 | €2,487 | €350 | -€2,137 | -85.9% |
| Taxes | 450/3 | €350 | €350 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,137 | - | -€2,137 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,748 | €20,332 | +€1,584 | +8.4% |
| Other operating charges | 640/8 | €12,173 | €12,553 | +€380 | +3.1% |
| Gross operating margin | 9900 | €31,462 | €28,149 | -€3,312 | -10.5% |
| Operating profit (loss) | 9901 | €541 | -€4,736 | -€5,277 | |
| Financial income | 75/76B | €68 | €51 | -€17 | -24.7% |
| Recurring financial income | 75 | €68 | €51 | -€17 | -24.7% |
| Financial charges | 65/66B | €193 | €389 | +€196 | +101.5% |
| Recurring financial charges | 65 | €193 | €389 | +€196 | +101.5% |
| Profit (loss) for the period before taxes | 9903 | €416 | -€5,073 | -€5,489 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €416 | -€5,073 | -€5,489 | |
| Profit (loss) for the period to be appropriated | 9905 | €416 | -€5,073 | -€5,489 |
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 29 September 2026 via checked.be.