SOFRA: 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.
SOFRA
Largest movements
- Tangible fixed assets +€88,839
up €88,839 (+9.5%), from €940,070 to €1.0m
of which Land and buildings: +€86,474
- Debts after one year +€94,850
up €94,850 (+13.7%), from €694,829 to €789,680
of which Other amounts payable: +€125,000
- Depreciation +€11,223
up €11,223 (+22.4%), from €50,210 to €61,433
- Gross operating margin +€6,611
up €6,611 (+6.2%), from €106,329 to €112,939
- Financial charges +€5,049
up €5,049 (+16.2%), from €31,160 to €36,209
- Taxes -€2,046
down €2,046 (-52.2%), from €3,920 to €1,875
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 | €969,240 | €1,062,070 | +€92,830 | +9.6% |
| Fixed assets | 21/28 | €940,194 | €1,029,034 | +€88,839 | +9.4% |
| Tangible fixed assets | 22/27 | €940,070 | €1,028,910 | +€88,839 | +9.5% |
| Land and buildings | 22 | €939,149 | €1,025,623 | +€86,474 | +9.2% |
| Plant, machinery and equipment | 23 | €922 | €3,287 | +€2,365 | +256.6% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €29,046 | €33,037 | +€3,991 | +13.7% |
| Amounts receivable within one year | 40/41 | €1,080 | €1,080 | = | 0.0% |
| Other amounts receivable | 41 | €1,080 | €1,080 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,302 | €30,113 | +€3,811 | +14.5% |
| Deferred charges and accrued income | 490/1 | €1,664 | €1,844 | +€180 | +10.8% |
| Total equity and liabilities | 10/49 | €969,240 | €1,062,070 | +€92,830 | +9.6% |
| Equity | 10/15 | €209,516 | €213,383 | +€3,866 | +1.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €39,403 | €39,403 | = | 0.0% |
| Reserves | 13 | €108,114 | €111,980 | +€3,866 | +3.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €101,914 | €105,780 | +€3,866 | +3.8% |
| Amounts payable | 17/49 | €759,724 | €848,688 | +€88,964 | +11.7% |
| Amounts payable after more than one year | 17 | €694,829 | €789,680 | +€94,850 | +13.7% |
| Financial debts | 170/4 | €88,579 | €58,430 | -€30,150 | -34.0% |
| Other amounts payable | 178/9 | €606,250 | €731,250 | +€125,000 | +20.6% |
| Amounts payable within one year | 42/48 | €47,842 | €36,374 | -€11,469 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €37,695 | €30,150 | -€7,545 | -20.0% |
| Trade debts | 44 | €8,478 | €879 | -€7,599 | -89.6% |
| Suppliers | 440/4 | €8,478 | €879 | -€7,599 | -89.6% |
| Taxes, remuneration and social security | 45 | - | €1,875 | +€1,875 | |
| Taxes | 450/3 | - | €1,875 | +€1,875 | |
| Other amounts payable | 47/48 | €1,670 | €3,470 | +€1,800 | +107.8% |
| Accrued charges and deferred income | 492/3 | €17,052 | €22,635 | +€5,583 | +32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,210 | €61,433 | +€11,223 | +22.4% |
| Other operating charges | 640/8 | €8,685 | €9,555 | +€870 | +10.0% |
| Gross operating margin | 9900 | €106,329 | €112,939 | +€6,611 | +6.2% |
| Operating profit (loss) | 9901 | €47,433 | €41,950 | -€5,483 | -11.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €31,160 | €36,209 | +€5,049 | +16.2% |
| Recurring financial charges | 65 | €31,160 | €36,209 | +€5,049 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €16,273 | €5,741 | -€10,532 | -64.7% |
| Income taxes | 67/77 | €3,920 | €1,875 | -€2,046 | -52.2% |
| Profit (loss) for the period | 9904 | €12,353 | €3,866 | -€8,487 | -68.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,353 | €3,866 | -€8,487 | -68.7% |
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 29 September 2026 via checked.be.