SOFRAN: 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.
SOFRAN
Largest movements
- Cash +€53,064
up €53,064 (+154%), from €34,498 to €87,562
mainly Net result for the year (+€22,509) and Depreciation (+€18,827)
- Tangible fixed assets +€7,127
up €7,127 (+17.2%), from €41,555 to €48,682
of which Furniture and vehicles: +€14,677
- Intangible fixed assets -€6,000
down €6,000 (-22.6%), from €26,603 to €20,603
- Receivables within one year -€3,167
down €3,167 (-24.2%), from €13,082 to €9,915
of which Trade receivables: -€8,540
- Profit (loss) carried forward +€22,509
up €22,509 (+67.3%), from €33,466 to €55,976
- Other debts +€18,039
up €18,039 (+81.4%), from €22,173 to €40,212
- Tax, wage and social debts +€14,836
up €14,836 (+100%), from €14,830 to €29,666
of which Remuneration and social security: +€10,408
- Trade debts -€6,817
down €6,817 (-27.0%), from €25,268 to €18,451
- Advances received +€3,085
new in 2025: €3,085
- Other operating charges -€163,372
down €163,372 (-98.4%), from €166,039 to €2,667
- Staff costs +€148,957
up €148,957 (+734%), from €20,280 to €169,237
- Gross operating margin -€14,549
down €14,549 (-6.1%), from €237,597 to €223,049
- Depreciation +€10,025
up €10,025 (+114%), from €8,803 to €18,827
- Financial charges +€3,266
up €3,266 (+509%), from €642 to €3,908
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 | €115,738 | €167,390 | +€51,653 | +44.6% |
| Fixed assets | 21/28 | €68,157 | €69,284 | +€1,127 | +1.7% |
| Intangible fixed assets | 21 | €26,603 | €20,603 | -€6,000 | -22.6% |
| Tangible fixed assets | 22/27 | €41,555 | €48,682 | +€7,127 | +17.2% |
| Plant, machinery and equipment | 23 | €19,444 | €11,894 | -€7,550 | -38.8% |
| Furniture and vehicles | 24 | €22,111 | €36,788 | +€14,677 | +66.4% |
| Current assets | 29/58 | €47,580 | €98,106 | +€50,526 | +106% |
| Amounts receivable within one year | 40/41 | €13,082 | €9,915 | -€3,167 | -24.2% |
| Trade receivables | 40 | €13,082 | €4,542 | -€8,540 | -65.3% |
| Other amounts receivable | 41 | - | €5,373 | +€5,373 | |
| Cash at bank and in hand | 54/58 | €34,498 | €87,562 | +€53,064 | +154% |
| Deferred charges and accrued income | 490/1 | - | €629 | +€629 | |
| Total equity and liabilities | 10/49 | €115,738 | €167,390 | +€51,653 | +44.6% |
| Equity | 10/15 | €53,466 | €75,976 | +€22,509 | +42.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,466 | €55,976 | +€22,509 | +67.3% |
| Amounts payable | 17/49 | €62,271 | €91,414 | +€29,143 | +46.8% |
| Amounts payable within one year | 42/48 | €62,271 | €91,414 | +€29,143 | +46.8% |
| Trade debts | 44 | €25,268 | €18,451 | -€6,817 | -27.0% |
| Suppliers | 440/4 | €25,268 | €18,451 | -€6,817 | -27.0% |
| Advances received on contracts in progress | 46 | - | €3,085 | +€3,085 | |
| Taxes, remuneration and social security | 45 | €14,830 | €29,666 | +€14,836 | +100% |
| Taxes | 450/3 | €13,077 | €17,506 | +€4,429 | +33.9% |
| Remuneration and social security | 454/9 | €1,752 | €12,160 | +€10,408 | +594% |
| Other amounts payable | 47/48 | €22,173 | €40,212 | +€18,039 | +81.4% |
| Remuneration, social security and pensions | 62 | €20,280 | €169,237 | +€148,957 | +734% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,803 | €18,827 | +€10,025 | +114% |
| Other operating charges | 640/8 | €166,039 | €2,667 | -€163,372 | -98.4% |
| Gross operating margin | 9900 | €237,597 | €223,049 | -€14,549 | -6.1% |
| Operating profit (loss) | 9901 | €42,475 | €32,317 | -€10,158 | -23.9% |
| Financial income | 75/76B | - | €59 | +€59 | |
| Recurring financial income | 75 | - | €59 | +€59 | |
| Financial charges | 65/66B | €642 | €3,908 | +€3,266 | +509% |
| Recurring financial charges | 65 | €642 | €3,908 | +€3,266 | +509% |
| Profit (loss) for the period before taxes | 9903 | €41,833 | €28,469 | -€13,365 | -31.9% |
| Income taxes | 67/77 | €8,367 | €5,959 | -€2,407 | -28.8% |
| Profit (loss) for the period | 9904 | €33,466 | €22,509 | -€10,957 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,466 | €22,509 | -€10,957 | -32.7% |
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 14 October 2026 via checked.be.