Sofré: 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.
Sofré
Largest movements
- Tangible fixed assets -€20,900
down €20,900 (-4.8%), from €433,507 to €412,607
- Receivables within one year -€19,169
down €19,169 (-40.0%), from €47,945 to €28,777
of which Trade receivables: -€19,202
- Debts after one year -€30,479
down €30,479 (-16.7%), from €182,585 to €152,107
- Other operating charges +€4,361
up €4,361 (+494.6%), from €882 to €5,243
- Gross operating margin -€1,779
down €1,779 (-6.6%), from €26,794 to €25,015
- Depreciation -€1,493
down €1,493 (-6.7%), from €22,393 to €20,900
- Taxes -€1,122
down €1,122 (-55.6%), from €2,018 to €896
- Financial charges -€665
down €665 (-11.6%), from €5,716 to €5,051
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 | €484,983 | €441,955 | -€43,028 | -8.9% |
| Fixed assets | 21/28 | €433,948 | €413,048 | -€20,900 | -4.8% |
| Tangible fixed assets | 22/27 | €433,507 | €412,607 | -€20,900 | -4.8% |
| Land and buildings | 22 | €433,507 | €412,607 | -€20,900 | -4.8% |
| Financial fixed assets | 28 | €441 | €441 | = | 0.0% |
| Current assets | 29/58 | €51,034 | €28,907 | -€22,127 | -43.4% |
| Amounts receivable within one year | 40/41 | €47,945 | €28,777 | -€19,169 | -40.0% |
| Trade receivables | 40 | €47,945 | €28,743 | -€19,202 | -40.1% |
| Other amounts receivable | 41 | - | €34 | +€34 | |
| Cash at bank and in hand | 54/58 | €139 | €130 | -€9 | -6.4% |
| Deferred charges and accrued income | 490/1 | €2,950 | - | -€2,950 | |
| Total equity and liabilities | 10/49 | €484,983 | €441,955 | -€43,028 | -8.9% |
| Equity | 10/15 | €195,671 | €191,301 | -€4,370 | -2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €153,150 | €148,781 | -€4,370 | -2.9% |
| Tax-exempt reserves | 132 | €82,416 | €76,922 | -€5,494 | -6.7% |
| Distributable reserves | 133 | €70,734 | €71,858 | +€1,125 | +1.6% |
| Profit (loss) carried forward | 14 | €23,920 | €23,920 | = | 0.0% |
| Provisions and deferred taxes | 16 | €40,593 | €37,887 | -€2,706 | -6.7% |
| Deferred taxes | 168 | €40,593 | €37,887 | -€2,706 | -6.7% |
| Amounts payable | 17/49 | €248,719 | €212,767 | -€35,952 | -14.5% |
| Amounts payable after more than one year | 17 | €182,585 | €152,107 | -€30,479 | -16.7% |
| Financial debts | 170/4 | €182,585 | €152,107 | -€30,479 | -16.7% |
| Amounts payable within one year | 42/48 | €66,134 | €60,660 | -€5,473 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €29,770 | €30,479 | +€709 | +2.4% |
| Trade debts | 44 | €3,562 | €1,921 | -€1,642 | -46.1% |
| Suppliers | 440/4 | €3,562 | €1,921 | -€1,642 | -46.1% |
| Taxes, remuneration and social security | 45 | €7,110 | €5,319 | -€1,791 | -25.2% |
| Taxes | 450/3 | €5,760 | €3,969 | -€1,791 | -31.1% |
| Remuneration and social security | 454/9 | €1,350 | €1,350 | = | 0.0% |
| Other amounts payable | 47/48 | €25,691 | €22,942 | -€2,749 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,393 | €20,900 | -€1,493 | -6.7% |
| Other operating charges | 640/8 | €882 | €5,243 | +€4,361 | +494.6% |
| Gross operating margin | 9900 | €26,794 | €25,015 | -€1,779 | -6.6% |
| Operating profit (loss) | 9901 | €3,519 | -€1,129 | -€4,648 | |
| Financial charges | 65/66B | €5,716 | €5,051 | -€665 | -11.6% |
| Recurring financial charges | 65 | €5,716 | €5,051 | -€665 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,197 | -€6,180 | -€3,983 | -181.3% |
| Transfer from deferred taxes | 780 | €2,900 | €2,706 | -€193 | -6.7% |
| Income taxes | 67/77 | €2,018 | €896 | -€1,122 | -55.6% |
| Profit (loss) for the period | 9904 | -€1,315 | -€4,370 | -€3,054 | -232.2% |
| Transfer from tax-exempt reserves | 789 | €5,887 | €5,494 | -€392 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,571 | €1,125 | -€3,447 | -75.4% |
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.