Sofko: 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.
Sofko
Largest movements
- Receivables within one year +€25,774
up €25,774 (+113.7%), from €22,667 to €48,442
of which Trade receivables: +€26,690
- Cash -€17,180
down €17,180 (-32.4%), from €52,995 to €35,815
mainly Receivables within one year (-€25,774) and Tax, wage and social debts (-€6,402)
- Tangible fixed assets -€16,482
down €16,482 (-26.1%), from €63,111 to €46,628
of which Furniture and vehicles: -€11,522
- Tax, wage and social debts -€6,402
down €6,402 (-82.9%), from €7,727 to €1,325
of which Remuneration and social security: -€6,159
- Debts after one year -€4,948
down €4,948 (-35.2%), from €14,075 to €9,128
- Gross operating margin +€9,793
up €9,793 (+118.2%), from €8,287 to €18,080
- Depreciation +€6,390
up €6,390 (+85.7%), from €7,453 to €13,843
- Staff costs -€5,584
down €5,584 (-79.1%), from €7,057 to €1,473
- Financial charges +€308
up €308 (+58.4%), from €528 to €836
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 | €144,507 | €135,512 | -€8,995 | -6.2% |
| Fixed assets | 21/28 | €63,391 | €46,908 | -€16,482 | -26.0% |
| Tangible fixed assets | 22/27 | €63,111 | €46,628 | -€16,482 | -26.1% |
| Plant, machinery and equipment | 23 | €23,496 | €18,535 | -€4,961 | -21.1% |
| Furniture and vehicles | 24 | €39,615 | €28,093 | -€11,522 | -29.1% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €81,117 | €88,604 | +€7,487 | +9.2% |
| Stocks and contracts in progress | 3 | €2,078 | €1,610 | -€468 | -22.5% |
| Stocks | 30/36 | €2,078 | €1,610 | -€468 | -22.5% |
| Amounts receivable within one year | 40/41 | €22,667 | €48,442 | +€25,774 | +113.7% |
| Trade receivables | 40 | €9,993 | €36,683 | +€26,690 | +267.1% |
| Other amounts receivable | 41 | €12,674 | €11,759 | -€915 | -7.2% |
| Cash at bank and in hand | 54/58 | €52,995 | €35,815 | -€17,180 | -32.4% |
| Deferred charges and accrued income | 490/1 | €3,376 | €2,738 | -€639 | -18.9% |
| Total equity and liabilities | 10/49 | €144,507 | €135,512 | -€8,995 | -6.2% |
| Equity | 10/15 | €106,646 | €107,486 | +€839 | +0.8% |
| Contributions | 10/11 | €9,200 | €9,200 | = | 0.0% |
| Reserves | 13 | €97,446 | €98,286 | +€839 | +0.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €95,586 | €96,426 | +€839 | +0.9% |
| Amounts payable | 17/49 | €37,861 | €28,027 | -€9,835 | -26.0% |
| Amounts payable after more than one year | 17 | €14,075 | €9,128 | -€4,948 | -35.2% |
| Financial debts | 170/4 | €14,075 | €9,128 | -€4,948 | -35.2% |
| Amounts payable within one year | 42/48 | €23,398 | €17,313 | -€6,085 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €4,762 | €4,948 | +€186 | +3.9% |
| Trade debts | 44 | €10,685 | €11,040 | +€356 | +3.3% |
| Suppliers | 440/4 | €10,685 | €11,040 | +€356 | +3.3% |
| Advances received on contracts in progress | 46 | €225 | - | -€225 | |
| Taxes, remuneration and social security | 45 | €7,727 | €1,325 | -€6,402 | -82.9% |
| Taxes | 450/3 | €1,568 | €1,325 | -€243 | -15.5% |
| Remuneration and social security | 454/9 | €6,159 | - | -€6,159 | |
| Accrued charges and deferred income | 492/3 | €387 | €1,586 | +€1,199 | +309.5% |
| Remuneration, social security and pensions | 62 | €7,057 | €1,473 | -€5,584 | -79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,453 | €13,843 | +€6,390 | +85.7% |
| Other operating charges | 640/8 | €1,122 | €1,177 | +€55 | +4.9% |
| Non-recurring operating charges | 66A | €139 | - | -€139 | |
| Gross operating margin | 9900 | €8,287 | €18,080 | +€9,793 | +118.2% |
| Operating profit (loss) | 9901 | -€7,483 | €1,587 | +€9,070 | |
| Financial income | 75/76B | €190 | €88 | -€102 | -53.6% |
| Recurring financial income | 75 | €190 | €88 | -€102 | -53.6% |
| Financial charges | 65/66B | €528 | €836 | +€308 | +58.4% |
| Recurring financial charges | 65 | €528 | €836 | +€308 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,821 | €839 | +€8,660 | |
| Profit (loss) for the period | 9904 | -€7,821 | €839 | +€8,660 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,821 | €839 | +€8,660 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.