SOFITEC: what changed
Two financial 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.
SOFITEC
Largest movements
- Receivables within one year -€38,624
down €38,624 (-45.6%), from €84,663 to €46,039
of which Trade receivables: -€42,313
- Cash +€30,695
up €30,695 (+161%), from €19,019 to €49,715
mainly Net result for the year (+€181,409) and Receivables within one year (+€38,624)
- Stocks and contracts -€7,650
no longer reported in 2024 (was €7,650)
- Tangible fixed assets -€1,783
down €1,783 (-7.0%), from €25,645 to €23,862
of which Furniture and vehicles: -€1,600
- Profit (loss) carried forward -€30,356
down €30,356 (-35.0%), from €86,720 to €56,365
- Tax, wage and social debts +€24,525
up €24,525 (+339%), from €7,240 to €31,765
of which Taxes: +€31,765
- Trade debts -€11,531
down €11,531 (-50.8%), from €22,707 to €11,176
- Gross operating margin +€163,634
up €163,634 (+204%), from €80,391 to €244,025
- Depreciation +€8,199
up €8,199 (+141%), from €5,817 to €14,016
- Other operating charges +€4,964
up €4,964 (+74.7%), from €6,645 to €11,610
- Taxes +€3,264
up €3,264 (+64.6%), from €5,053 to €8,317
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.
Derived cash bridge
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 | €137,127 | €119,765 | -€17,362 | -12.7% |
| Fixed assets | 21/28 | €25,795 | €24,012 | -€1,783 | -6.9% |
| Tangible fixed assets | 22/27 | €25,645 | €23,862 | -€1,783 | -7.0% |
| Plant, machinery and equipment | 23 | €182 | - | -€182 | |
| Furniture and vehicles | 24 | €25,462 | €23,862 | -€1,600 | -6.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €111,332 | €95,753 | -€15,579 | -14.0% |
| Stocks and contracts in progress | 3 | €7,650 | - | -€7,650 | |
| Stocks | 30/36 | €7,650 | - | -€7,650 | |
| Amounts receivable within one year | 40/41 | €84,663 | €46,039 | -€38,624 | -45.6% |
| Trade receivables | 40 | €48,306 | €5,993 | -€42,313 | -87.6% |
| Other amounts receivable | 41 | €36,357 | €40,046 | +€3,689 | +10.1% |
| Cash at bank and in hand | 54/58 | €19,019 | €49,715 | +€30,695 | +161% |
| Total equity and liabilities | 10/49 | €137,127 | €119,765 | -€17,362 | -12.7% |
| Equity | 10/15 | €107,180 | €76,825 | -€30,356 | -28.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,720 | €56,365 | -€30,356 | -35.0% |
| Amounts payable | 17/49 | €29,947 | €42,941 | +€12,994 | +43.4% |
| Amounts payable within one year | 42/48 | €29,947 | €42,941 | +€12,994 | +43.4% |
| Trade debts | 44 | €22,707 | €11,176 | -€11,531 | -50.8% |
| Suppliers | 440/4 | €22,707 | €11,176 | -€11,531 | -50.8% |
| Taxes, remuneration and social security | 45 | €7,240 | €31,765 | +€24,525 | +339% |
| Taxes | 450/3 | - | €31,765 | +€31,765 | |
| Remuneration and social security | 454/9 | €7,240 | - | -€7,240 | |
| Remuneration, social security and pensions | 62 | €27,270 | €28,660 | +€1,390 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,817 | €14,016 | +€8,199 | +141% |
| Other operating charges | 640/8 | €6,645 | €11,610 | +€4,964 | +74.7% |
| Non-recurring operating charges | 66A | €4,562 | - | -€4,562 | |
| Gross operating margin | 9900 | €80,391 | €244,025 | +€163,634 | +204% |
| Operating profit (loss) | 9901 | €36,097 | €189,740 | +€153,643 | +426% |
| Financial income | 75/76B | €328 | €58 | -€269 | -82.2% |
| Recurring financial income | 75 | €328 | €58 | -€269 | -82.2% |
| Financial charges | 65/66B | - | €73 | +€73 | |
| Recurring financial charges | 65 | - | €73 | +€73 | |
| Profit (loss) for the period before taxes | 9903 | €36,425 | €189,726 | +€153,301 | +421% |
| Income taxes | 67/77 | €5,053 | €8,317 | +€3,264 | +64.6% |
| Profit (loss) for the period | 9904 | €31,372 | €181,409 | +€150,038 | +478% |
| Profit (loss) for the period to be appropriated | 9905 | €31,372 | €181,409 | +€150,038 | +478% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.