SOFRADO: 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.
SOFRADO
Largest movements
- Cash -€14,442
down €14,442 (-6.4%), from €225,752 to €211,310
mainly Contributions, distributions and other (-€39,645) and Tax, wage and social debts (-€14,284)
- Tangible fixed assets -€6,433
down €6,433 (-12.1%), from €53,170 to €46,737
of which Land and buildings: -€6,108
- Receivables within one year +€4,972
up €4,972 (+43.8%), from €11,356 to €16,328
- Other debts +€21,053
new in 2025: €21,053
- Contributions -€18,592
no longer reported in 2025 (was €18,592)
- Trade debts +€16,632
new in 2025: €16,632
- Reserves -€16,451
down €16,451 (-6.6%), from €249,854 to €233,403
of which Distributable reserves: -€14,592
- Tax, wage and social debts -€14,284
down €14,284 (-86.1%), from €16,587 to €2,303
- Financial income -€174,214
no longer reported in 2025 (was €174,214)
of which Financial income: -€174,214
- Taxes -€14,284
down €14,284 (-86.1%), from €16,587 to €2,303
- Gross operating margin +€9,417
up €9,417 (+131.1%), from €7,181 to €16,598
- Other operating charges -€513
down €513 (-14.0%), from €3,659 to €3,146
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 | €290,600 | €276,182 | -€14,418 | -5.0% |
| Fixed assets | 21/28 | €53,492 | €47,059 | -€6,433 | -12.0% |
| Tangible fixed assets | 22/27 | €53,170 | €46,737 | -€6,433 | -12.1% |
| Land and buildings | 22 | €51,303 | €45,195 | -€6,108 | -11.9% |
| Plant, machinery and equipment | 23 | €1,867 | €1,542 | -€325 | -17.4% |
| Financial fixed assets | 28 | €322 | €322 | = | 0.0% |
| Current assets | 29/58 | €237,108 | €229,123 | -€7,985 | -3.4% |
| Amounts receivable within one year | 40/41 | €11,356 | €16,328 | +€4,972 | +43.8% |
| Other amounts receivable | 41 | €11,356 | €16,328 | +€4,972 | +43.8% |
| Cash at bank and in hand | 54/58 | €225,752 | €211,310 | -€14,442 | -6.4% |
| Deferred charges and accrued income | 490/1 | - | €1,485 | +€1,485 | |
| Total equity and liabilities | 10/49 | €290,600 | €276,182 | -€14,418 | -5.0% |
| Equity | 10/15 | €268,446 | €233,403 | -€35,043 | -13.1% |
| Contributions | 10/11 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €249,854 | €233,403 | -€16,451 | -6.6% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €247,995 | €233,403 | -€14,592 | -5.9% |
| Amounts payable | 17/49 | €22,154 | €42,779 | +€20,625 | +93.1% |
| Amounts payable within one year | 42/48 | €16,587 | €39,987 | +€23,400 | +141.1% |
| Trade debts | 44 | - | €16,632 | +€16,632 | |
| Suppliers | 440/4 | - | €16,632 | +€16,632 | |
| Taxes, remuneration and social security | 45 | €16,587 | €2,303 | -€14,284 | -86.1% |
| Taxes | 450/3 | €16,587 | €2,303 | -€14,284 | -86.1% |
| Other amounts payable | 47/48 | - | €21,053 | +€21,053 | |
| Accrued charges and deferred income | 492/3 | €5,567 | €2,792 | -€2,775 | -49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,406 | €6,433 | +€27 | +0.4% |
| Other operating charges | 640/8 | €3,659 | €3,146 | -€513 | -14.0% |
| Gross operating margin | 9900 | €7,181 | €16,598 | +€9,417 | +131.1% |
| Operating profit (loss) | 9901 | -€2,884 | €7,020 | +€9,903 | |
| Financial income | 75/76B | €174,214 | - | -€174,214 | |
| Recurring financial income | 75 | €174,214 | - | -€174,214 | |
| Non-recurring financial income | 76B | €174,214 | - | -€174,214 | |
| Financial charges | 65/66B | €58 | €115 | +€57 | +100.0% |
| Recurring financial charges | 65 | €58 | €115 | +€57 | +100.0% |
| Profit (loss) for the period before taxes | 9903 | €171,273 | €6,905 | -€164,368 | -96.0% |
| Income taxes | 67/77 | €16,587 | €2,303 | -€14,284 | -86.1% |
| Profit (loss) for the period | 9904 | €154,686 | €4,602 | -€150,084 | -97.0% |
| Profit (loss) for the period to be appropriated | 9905 | €154,686 | €4,602 | -€150,084 | -97.0% |
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 4 October 2026 via checked.be.