Sofraco: 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.
Sofraco
Largest movements
- Current investments +€1.2m
new in 2025: €1.2m
- Financial fixed assets -€1.1m
down €1.1m (-100%), from €1.1m to €0
- Tangible fixed assets +€69,308
up €69,308 (+173%), from €40,059 to €109,367
- Cash -€25,188
down €25,188 (-87.6%), from €28,739 to €3,550
mainly Current investments (-€1.2m) and Debts after one year (-€13,539)
- Other debts +€202,950
up €202,950 (+782%), from €25,956 to €228,906
- Profit (loss) carried forward +€17,085
up €17,085, from -€16,847 to €238
- Debts after one year -€13,539
down €13,539 (-51.2%), from €26,420 to €12,881
- Financial charges +€19,539
up €19,539 (+992%), from €1,970 to €21,510
of which Financial charges: +€13,132
- Financial income +€14,420
new in 2025: €14,420
- Depreciation +€7,964
up €7,964 (+56.8%), from €14,032 to €21,996
- Gross operating margin -€3,431
down €3,431 (-6.5%), from €52,509 to €49,078
- Other operating charges +€1,039
up €1,039 (+194%), from €534 to €1,573
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.
Derived cash bridge
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 | €1,124,656 | €1,325,794 | +€201,138 | +17.9% |
| Fixed assets | 21/28 | €1,094,059 | €109,367 | -€984,692 | -90.0% |
| Tangible fixed assets | 22/27 | €40,059 | €109,367 | +€69,308 | +173% |
| Furniture and vehicles | 24 | €40,059 | €109,367 | +€69,308 | +173% |
| Financial fixed assets | 28 | €1,054,000 | €0 | -€1.1m | -100% |
| Current assets | 29/58 | €30,597 | €1,216,427 | +€1.2m | +3,876% |
| Amounts receivable within one year | 40/41 | €1,458 | €7,660 | +€6,202 | +425% |
| Other amounts receivable | 41 | €1,458 | €7,660 | +€6,202 | +425% |
| Current investments | 50/53 | - | €1,205,216 | +€1.2m | |
| Cash at bank and in hand | 54/58 | €28,739 | €3,550 | -€25,188 | -87.6% |
| Deferred charges and accrued income | 490/1 | €400 | €0 | -€400 | -100% |
| Total equity and liabilities | 10/49 | €1,124,656 | €1,325,794 | +€201,138 | +17.9% |
| Equity | 10/15 | €1,047,153 | €1,064,238 | +€17,085 | +1.6% |
| Contributions | 10/11 | €1,064,000 | €1,064,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,847 | €238 | +€17,085 | |
| Amounts payable | 17/49 | €77,503 | €261,556 | +€184,053 | +237% |
| Amounts payable after more than one year | 17 | €26,420 | €12,881 | -€13,539 | -51.2% |
| Financial debts | 170/4 | €26,420 | €12,881 | -€13,539 | -51.2% |
| Amounts payable within one year | 42/48 | €51,083 | €248,675 | +€197,591 | +387% |
| Current portion of amounts payable after more than one year | 42 | €13,022 | €13,539 | +€516 | +4.0% |
| Trade debts | 44 | €300 | €1,586 | +€1,286 | +429% |
| Suppliers | 440/4 | €300 | €1,586 | +€1,286 | +429% |
| Taxes, remuneration and social security | 45 | €11,805 | €4,644 | -€7,161 | -60.7% |
| Taxes | 450/3 | €11,805 | €4,644 | -€7,161 | -60.7% |
| Other amounts payable | 47/48 | €25,956 | €228,906 | +€202,950 | +782% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,032 | €21,996 | +€7,964 | +56.8% |
| Other operating charges | 640/8 | €534 | €1,573 | +€1,039 | +194% |
| Gross operating margin | 9900 | €52,509 | €49,078 | -€3,431 | -6.5% |
| Operating profit (loss) | 9901 | €37,943 | €25,509 | -€12,433 | -32.8% |
| Financial income | 75/76B | - | €14,420 | +€14,420 | |
| Recurring financial income | 75 | - | €14,420 | +€14,420 | |
| Financial charges | 65/66B | €1,970 | €21,510 | +€19,539 | +992% |
| Recurring financial charges | 65 | €1,970 | €15,103 | +€13,132 | +666% |
| Non-recurring financial charges | 66B | - | €6,407 | +€6,407 | |
| Profit (loss) for the period before taxes | 9903 | €35,972 | €18,420 | -€17,552 | -48.8% |
| Income taxes | 67/77 | €756 | €1,335 | +€579 | +76.7% |
| Profit (loss) for the period | 9904 | €35,217 | €17,085 | -€18,132 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,217 | €17,085 | -€18,132 | -51.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.