Sofranim: what changed
Sofranim
Largest movements
- Current investments -€437,375
down €437,375 (-4.8%), from €9.1m to €8.7m
- Cash +€347,413
up €347,413 (+47.4%), from €733,386 to €1.1m
mainly Current investments (+€437,375) and Tax, wage and social debts (+€47,196)
- Reserves -€342,408
down €342,408 (-17.0%), from €2.0m to €1.7m
of which Distributable reserves: -€342,408
- Profit (loss) carried forward +€266,688
up €266,688, from -€266,688 to €0
- Financial charges +€525,438
up €525,438 (+546%), from €96,157 to €621,595
of which Financial charges: +€528,006
- Financial income +€269,500
up €269,500 (+70.5%), from €382,262 to €651,762
of which Financial income: +€436,660
- Taxes +€134,083
up €134,083, from -€77,987 to €56,096
- Other operating charges +€27,241
up €27,241 (+1,153%), from €2,363 to €29,605
- Gross operating margin -€2,982
down €2,982 (-17.7%), from -€16,875 to -€19,857
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,655,390 | €10,598,282 | -€57,108 | -0.5% |
| Fixed assets | 21/28 | €350 | €21 | -€329 | -94.1% |
| Tangible fixed assets | 22/27 | €350 | €21 | -€329 | -94.1% |
| Plant, machinery and equipment | 23 | €350 | €21 | -€329 | -94.1% |
| Current assets | 29/58 | €10,655,041 | €10,598,261 | -€56,779 | -0.5% |
| Amounts receivable after more than one year | 29 | €615,070 | €622,243 | +€7,173 | +1.2% |
| Trade receivables | 290 | €615,070 | €622,243 | +€7,173 | +1.2% |
| Amounts receivable within one year | 40/41 | €175,851 | €173,718 | -€2,133 | -1.2% |
| Other amounts receivable | 41 | €175,851 | €173,718 | -€2,133 | -1.2% |
| Current investments | 50/53 | €9,130,734 | €8,693,359 | -€437,375 | -4.8% |
| Cash at bank and in hand | 54/58 | €733,386 | €1,080,799 | +€347,413 | +47.4% |
| Deferred charges and accrued income | 490/1 | - | €28,142 | +€28,142 | |
| Total equity and liabilities | 10/49 | €10,655,390 | €10,598,282 | -€57,108 | -0.5% |
| Equity | 10/15 | €10,460,495 | €10,384,776 | -€75,720 | -0.7% |
| Contributions | 10/11 | €8,717,587 | €8,717,587 | = | 0.0% |
| Capital | 10 | €8,717,587 | €8,717,587 | = | 0.0% |
| Issued capital | 100 | €8,717,587 | €8,717,587 | = | 0.0% |
| Reserves | 13 | €2,009,596 | €1,667,189 | -€342,408 | -17.0% |
| Non-distributable reserves | 130/1 | €660,905 | €660,905 | = | 0.0% |
| Legal reserve | 130 | €660,905 | €660,905 | = | 0.0% |
| Distributable reserves | 133 | €1,348,691 | €1,006,283 | -€342,408 | -25.4% |
| Profit (loss) carried forward | 14 | -€266,688 | €0 | +€266,688 | |
| Amounts payable | 17/49 | €194,895 | €213,506 | +€18,611 | +9.5% |
| Amounts payable within one year | 42/48 | €194,895 | €213,506 | +€18,611 | +9.5% |
| Trade debts | 44 | €7,354 | €8,057 | +€702 | +9.6% |
| Suppliers | 440/4 | €7,354 | €8,057 | +€702 | +9.6% |
| Taxes, remuneration and social security | 45 | - | €47,196 | +€47,196 | |
| Taxes | 450/3 | - | €21,796 | +€21,796 | |
| Remuneration and social security | 454/9 | - | €25,400 | +€25,400 | |
| Other amounts payable | 47/48 | €187,541 | €158,254 | -€29,287 | -15.6% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329 | €329 | = | 0.0% |
| Other operating charges | 640/8 | €2,363 | €29,605 | +€27,241 | +1,153% |
| Gross operating margin | 9900 | -€16,875 | -€19,857 | -€2,982 | -17.7% |
| Operating profit (loss) | 9901 | -€19,567 | -€49,791 | -€30,223 | -154% |
| Financial income | 75/76B | €382,262 | €651,762 | +€269,500 | +70.5% |
| Recurring financial income | 75 | €215,102 | €651,762 | +€436,660 | +203% |
| Non-recurring financial income | 76B | €167,160 | €0 | -€167,160 | -100% |
| Financial charges | 65/66B | €96,157 | €621,595 | +€525,438 | +546% |
| Recurring financial charges | 65 | €93,589 | €621,595 | +€528,006 | +564% |
| Non-recurring financial charges | 66B | €2,568 | €0 | -€2,568 | -100% |
| Profit (loss) for the period before taxes | 9903 | €266,538 | -€19,623 | -€286,161 | |
| Income taxes | 67/77 | -€77,987 | €56,096 | +€134,083 | |
| Profit (loss) for the period | 9904 | €344,525 | -€75,720 | -€420,244 | |
| Profit (loss) for the period to be appropriated | 9905 | €344,525 | -€75,720 | -€420,244 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.