SOFORA: 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.
SOFORA
Largest movements
- Receivables after one year +€200,000
up €200,000 (+127.5%), from €156,860 to €356,860
- Receivables within one year -€183,107
down €183,107 (-71.7%), from €255,534 to €72,426
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€21,215
up €21,215, from -€18,874 to €2,342
- Financial income +€6,342
up €6,342 (+74.3%), from €8,536 to €14,877
- Other operating charges +€2,186
up €2,186 (+43.5%), from €5,023 to €7,209
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 | €1,887,854 | €1,896,837 | +€8,983 | +0.5% |
| Fixed assets | 21/28 | €1,469,172 | €1,466,311 | -€2,861 | -0.2% |
| Tangible fixed assets | 22/27 | €304,172 | €301,311 | -€2,861 | -0.9% |
| Land and buildings | 22 | €291,806 | €291,401 | -€404 | -0.1% |
| Plant, machinery and equipment | 23 | €12,367 | €9,910 | -€2,457 | -19.9% |
| Financial fixed assets | 28 | €1,165,000 | €1,165,000 | = | 0.0% |
| Current assets | 29/58 | €418,682 | €430,526 | +€11,844 | +2.8% |
| Amounts receivable after more than one year | 29 | €156,860 | €356,860 | +€200,000 | +127.5% |
| Other amounts receivable | 291 | €156,860 | €356,860 | +€200,000 | +127.5% |
| Amounts receivable within one year | 40/41 | €255,534 | €72,426 | -€183,107 | -71.7% |
| Other amounts receivable | 41 | €255,534 | €72,426 | -€183,107 | -71.7% |
| Cash at bank and in hand | 54/58 | €170 | €181 | +€11 | +6.6% |
| Deferred charges and accrued income | 490/1 | €6,118 | €1,059 | -€5,060 | -82.7% |
| Total equity and liabilities | 10/49 | €1,887,854 | €1,896,837 | +€8,983 | +0.5% |
| Equity | 10/15 | €1,886,840 | €1,893,671 | +€6,831 | +0.4% |
| Contributions | 10/11 | €502,000 | €502,000 | = | 0.0% |
| Capital | 10 | €502,000 | €502,000 | = | 0.0% |
| Issued capital | 100 | €502,000 | €502,000 | = | 0.0% |
| Reserves | 13 | €50,200 | €50,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,200 | €50,200 | = | 0.0% |
| Legal reserve | 130 | €50,200 | €50,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,334,640 | €1,341,471 | +€6,831 | +0.5% |
| Amounts payable | 17/49 | €1,015 | €3,166 | +€2,152 | +212.1% |
| Amounts payable within one year | 42/48 | €1,015 | €3,166 | +€2,152 | +212.1% |
| Trade debts | 44 | €1,015 | €3,166 | +€2,152 | +212.1% |
| Suppliers | 440/4 | €1,015 | €3,166 | +€2,152 | +212.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,766 | €2,861 | +€95 | +3.4% |
| Other operating charges | 640/8 | €5,023 | €7,209 | +€2,186 | +43.5% |
| Gross operating margin | 9900 | -€18,874 | €2,342 | +€21,215 | |
| Operating profit (loss) | 9901 | -€26,663 | -€7,729 | +€18,934 | +71.0% |
| Financial income | 75/76B | €8,536 | €14,877 | +€6,342 | +74.3% |
| Recurring financial income | 75 | €8,536 | €14,877 | +€6,342 | +74.3% |
| Financial charges | 65/66B | €305 | €317 | +€12 | +4.0% |
| Recurring financial charges | 65 | €305 | €317 | +€12 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€18,432 | €6,831 | +€25,264 | |
| Profit (loss) for the period | 9904 | -€18,432 | €6,831 | +€25,264 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,432 | €6,831 | +€25,264 |
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.