SOFOS: 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.
SOFOS
Largest movements
- Receivables within one year -€42,143
down €42,143 (-87.1%), from €48,400 to €6,257
of which Trade receivables: -€42,860
- Cash +€32,099
up €32,099 (+29.1%), from €110,199 to €142,298
mainly Receivables within one year (+€42,143) and Other debts (+€33,447)
- Reserves -€51,843
down €51,843 (-96.5%), from €53,703 to €1,860
of which Distributable reserves: -€51,843
- Other debts +€33,447
up €33,447 (+45.1%), from €74,153 to €107,600
- Trade debts +€7,278
up €7,278 (+2411.4%), from €302 to €7,580
- Gross operating margin -€36,888
down €36,888, from €35,338 to -€1,550
- Taxes -€4,298
down €4,298 (-93.8%), from €4,581 to €283
- Other operating charges +€1,040
up €1,040 (+77.4%), from €1,343 to €2,383
- Depreciation +€600
up €600 (+74.1%), from €810 to €1,410
- Financial charges +€553
up €553 (+5.6%), from €9,909 to €10,462
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 | €163,387 | €151,932 | -€11,455 | -7.0% |
| Fixed assets | 21/28 | €4,787 | €3,377 | -€1,410 | -29.5% |
| Tangible fixed assets | 22/27 | €4,787 | €3,377 | -€1,410 | -29.5% |
| Plant, machinery and equipment | 23 | €4,787 | €3,377 | -€1,410 | -29.5% |
| Current assets | 29/58 | €158,599 | €148,555 | -€10,044 | -6.3% |
| Amounts receivable within one year | 40/41 | €48,400 | €6,257 | -€42,143 | -87.1% |
| Trade receivables | 40 | €48,400 | €5,540 | -€42,860 | -88.6% |
| Other amounts receivable | 41 | - | €717 | +€717 | |
| Cash at bank and in hand | 54/58 | €110,199 | €142,298 | +€32,099 | +29.1% |
| Total equity and liabilities | 10/49 | €163,387 | €151,932 | -€11,455 | -7.0% |
| Equity | 10/15 | €72,303 | €20,460 | -€51,843 | -71.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,703 | €1,860 | -€51,843 | -96.5% |
| 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 | €51,843 | €0 | -€51,843 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €91,084 | €131,472 | +€40,388 | +44.3% |
| Amounts payable within one year | 42/48 | €91,084 | €131,472 | +€40,388 | +44.3% |
| Trade debts | 44 | €302 | €7,580 | +€7,278 | +2411.4% |
| Suppliers | 440/4 | €302 | €7,580 | +€7,278 | +2411.4% |
| Taxes, remuneration and social security | 45 | €16,629 | €16,292 | -€337 | -2.0% |
| Taxes | 450/3 | €13,749 | €16,292 | +€2,543 | +18.5% |
| Remuneration and social security | 454/9 | €2,880 | €0 | -€2,880 | -100.0% |
| Other amounts payable | 47/48 | €74,153 | €107,600 | +€33,447 | +45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €810 | €1,410 | +€600 | +74.1% |
| Other operating charges | 640/8 | €1,343 | €2,383 | +€1,040 | +77.4% |
| Gross operating margin | 9900 | €35,338 | -€1,550 | -€36,888 | |
| Operating profit (loss) | 9901 | €33,185 | -€5,344 | -€38,528 | |
| Financial income | 75/76B | €1 | €1 | -€0 | -28.0% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -28.0% |
| Financial charges | 65/66B | €9,909 | €10,462 | +€553 | +5.6% |
| Recurring financial charges | 65 | €9,909 | €10,462 | +€553 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €23,277 | -€15,805 | -€39,082 | |
| Income taxes | 67/77 | €4,581 | €283 | -€4,298 | -93.8% |
| Profit (loss) for the period | 9904 | €18,696 | -€16,088 | -€34,784 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,696 | -€16,088 | -€34,784 |
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 28 September 2026 via checked.be.