SOFORO: 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.
SOFORO
Largest movements
- Financial fixed assets +€870,000
up €870,000 (+7591.6%), from €11,460 to €881,460
- Cash -€185,475
down €185,475 (-92.6%), from €200,329 to €14,854
mainly Investment in fixed assets (net) (-€885,161) and Receivables within one year (-€148,951)
- Receivables within one year +€148,951
up €148,951 (+6115.2%), from €2,436 to €151,387
of which Trade receivables: +€107,587
- Tangible fixed assets +€13,159
new in 2026: €13,159
of which Furniture and vehicles: +€8,973
- Debts after one year +€590,297
new in 2026: €590,297
- Current portion of long-term debt +€116,500
new in 2026: €116,500
- Profit (loss) carried forward +€66,579
up €66,579, from -€47,906 to €18,673
- Short-term financial debts +€30,000
up €30,000 (+150.0%), from €20,000 to €50,000
- Trade debts +€27,620
up €27,620 (+1560.1%), from €1,770 to €29,390
- Gross operating margin +€162,623
up €162,623, from -€45,224 to €117,399
- Financial charges +€25,111
up €25,111 (+2064.2%), from €1,216 to €26,327
- Other operating charges +€17,888
up €17,888 (+1188.0%), from €1,506 to €19,394
- Staff costs +€3,341
new in 2026: €3,341
- Depreciation +€2,002
new in 2026: €2,002
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,973 | €1,062,170 | +€838,197 | +374.2% |
| Fixed assets | 21/28 | €11,460 | €894,619 | +€883,159 | +7706.5% |
| Tangible fixed assets | 22/27 | - | €13,159 | +€13,159 | |
| Plant, machinery and equipment | 23 | - | €4,186 | +€4,186 | |
| Furniture and vehicles | 24 | - | €8,973 | +€8,973 | |
| Financial fixed assets | 28 | €11,460 | €881,460 | +€870,000 | +7591.6% |
| Current assets | 29/58 | €212,513 | €167,550 | -€44,962 | -21.2% |
| Amounts receivable within one year | 40/41 | €2,436 | €151,387 | +€148,951 | +6115.2% |
| Trade receivables | 40 | - | €107,587 | +€107,587 | |
| Other amounts receivable | 41 | €2,436 | €43,800 | +€41,364 | +1698.2% |
| Cash at bank and in hand | 54/58 | €200,329 | €14,854 | -€185,475 | -92.6% |
| Deferred charges and accrued income | 490/1 | €9,748 | €1,309 | -€8,439 | -86.6% |
| Total equity and liabilities | 10/49 | €223,973 | €1,062,170 | +€838,197 | +374.2% |
| Equity | 10/15 | €199,594 | €266,173 | +€66,579 | +33.4% |
| Contributions | 10/11 | €247,500 | €247,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,906 | €18,673 | +€66,579 | |
| Amounts payable | 17/49 | €24,379 | €795,997 | +€771,618 | +3165.1% |
| Amounts payable after more than one year | 17 | - | €590,297 | +€590,297 | |
| Financial debts | 170/4 | - | €590,297 | +€590,297 | |
| Amounts payable within one year | 42/48 | €23,996 | €204,460 | +€180,464 | +752.0% |
| Current portion of amounts payable after more than one year | 42 | - | €116,500 | +€116,500 | |
| Financial debts | 43 | €20,000 | €50,000 | +€30,000 | +150.0% |
| Other loans | 439 | €20,000 | €50,000 | +€30,000 | +150.0% |
| Trade debts | 44 | €1,770 | €29,390 | +€27,620 | +1560.1% |
| Suppliers | 440/4 | €1,770 | €29,390 | +€27,620 | +1560.1% |
| Taxes, remuneration and social security | 45 | - | €6,332 | +€6,332 | |
| Taxes | 450/3 | - | €6,332 | +€6,332 | |
| Other amounts payable | 47/48 | €2,226 | €2,239 | +€13 | +0.6% |
| Accrued charges and deferred income | 492/3 | €383 | €1,240 | +€857 | +224.1% |
| Remuneration, social security and pensions | 62 | - | €3,341 | +€3,341 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,002 | +€2,002 | |
| Other operating charges | 640/8 | €1,506 | €19,394 | +€17,888 | +1188.0% |
| Gross operating margin | 9900 | -€45,224 | €117,399 | +€162,623 | |
| Operating profit (loss) | 9901 | -€46,730 | €92,662 | +€139,392 | |
| Financial income | 75/76B | €40 | €349 | +€309 | +770.1% |
| Recurring financial income | 75 | €40 | €349 | +€309 | +770.1% |
| Financial charges | 65/66B | €1,216 | €26,327 | +€25,111 | +2064.2% |
| Recurring financial charges | 65 | €1,216 | €26,327 | +€25,111 | +2064.2% |
| Profit (loss) for the period before taxes | 9903 | -€47,906 | €66,684 | +€114,590 | |
| Income taxes | 67/77 | - | €105 | +€105 | |
| Profit (loss) for the period | 9904 | -€47,906 | €66,579 | +€114,486 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,906 | €66,579 | +€114,486 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.