SoFre Invest: what changed
What changed
SoFre Invest
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
€61,488
2024 · €33,543+€27,945
Equity
€512,178
2024 · €450,690+€61,488
Cash
€8,273
2024 · €36,034-€27,761
Balance sheet total
€1.5m
2024 · €1.4m+€38,996
Largest movements
Assets
- Receivables within one year +€103,835
up €103,835 (+468%), from €22,183 to €126,019
- Tangible fixed assets -€37,231
down €37,231 (-6.1%), from €615,345 to €578,114
of which Land and buildings: -€26,121
- Cash -€27,761
down €27,761 (-77.0%), from €36,034 to €8,273
mainly Receivables within one year (-€103,835) and Debts after one year (-€27,696)
Equity and liabilities
- Reserves +€61,488
up €61,488 (+18.5%), from €332,750 to €394,238
- Debts after one year -€27,696
down €27,696 (-8.9%), from €312,008 to €284,312
Income statement
- Gross operating margin +€41,665
up €41,665 (+29.4%), from €141,515 to €183,180
- Taxes +€11,302
up €11,302 (+64.4%), from €17,556 to €28,858
- Financial charges +€4,609
up €4,609 (+10.1%), from €45,410 to €50,019
- Depreciation -€2,260
down €2,260 (-5.1%), from €44,006 to €41,746
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.
Result 2024
€33,543
Gross operating margin
+€41,665
Depreciation
+€2,260
Other operating charges
-€85
Financial income
+€16
Financial charges
-€4,609
Taxes
-€11,302
Result 2025
€61,488
raises the resultlowers the result
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.
From operations
+€7,059
Investment
-€4,515
Financing
-€30,305
Cash 2024
€36,034
From operations (derived)
+€7,059
Net result for the year
+€61,488
Depreciation
+€41,746
Receivables within one year
-€103,835
Deferred charges and accrued income
-€153
Trade debts
+€323
Tax, wage and social debts
+€3,071
Other debts
-€1,038
Accrued charges and deferred income
+€5,457
Investment (derived)
-€4,515
Investment in fixed assets (net)
-€4,515
Financing
-€30,305
Debts after one year
-€27,696
Current portion of long-term debt
-€2,609
Cash 2025
€8,273
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,446,926 | €1,485,923 | +€38,996 | +2.7% |
| Fixed assets | 21/28 | €1,325,345 | €1,288,114 | -€37,231 | -2.8% |
| Tangible fixed assets | 22/27 | €615,345 | €578,114 | -€37,231 | -6.1% |
| Land and buildings | 22 | €555,170 | €529,049 | -€26,121 | -4.7% |
| Plant, machinery and equipment | 23 | €53,715 | €42,135 | -€11,580 | -21.6% |
| Furniture and vehicles | 24 | €6,460 | €6,930 | +€470 | +7.3% |
| Financial fixed assets | 28 | €710,000 | €710,000 | = | 0.0% |
| Current assets | 29/58 | €121,581 | €197,809 | +€76,228 | +62.7% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,183 | €126,019 | +€103,835 | +468% |
| Other amounts receivable | 41 | €22,183 | €126,019 | +€103,835 | +468% |
| Cash at bank and in hand | 54/58 | €36,034 | €8,273 | -€27,761 | -77.0% |
| Deferred charges and accrued income | 490/1 | €3,364 | €3,518 | +€153 | +4.6% |
| Total equity and liabilities | 10/49 | €1,446,926 | €1,485,923 | +€38,996 | +2.7% |
| Equity | 10/15 | €450,690 | €512,178 | +€61,488 | +13.6% |
| Contributions | 10/11 | €55,961 | €55,961 | = | 0.0% |
| Reserves | 13 | €332,750 | €394,238 | +€61,488 | +18.5% |
| Distributable reserves | 133 | €332,750 | €394,238 | +€61,488 | +18.5% |
| Profit (loss) carried forward | 14 | €61,979 | €61,979 | = | 0.0% |
| Provisions and deferred taxes | 16 | €60,976 | €60,976 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €60,976 | €60,976 | = | 0.0% |
| Pensions and similar obligations | 160 | €60,976 | €60,976 | = | 0.0% |
| Amounts payable | 17/49 | €935,261 | €912,769 | -€22,492 | -2.4% |
| Amounts payable after more than one year | 17 | €312,008 | €284,312 | -€27,696 | -8.9% |
| Financial debts | 170/4 | €312,008 | €284,312 | -€27,696 | -8.9% |
| Amounts payable within one year | 42/48 | €589,655 | €589,402 | -€253 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €30,305 | €27,696 | -€2,609 | -8.6% |
| Trade debts | 44 | €36 | €359 | +€323 | +903% |
| Suppliers | 440/4 | €36 | €359 | +€323 | +903% |
| Taxes, remuneration and social security | 45 | €5,794 | €8,865 | +€3,071 | +53.0% |
| Taxes | 450/3 | €5,794 | €8,865 | +€3,071 | +53.0% |
| Other amounts payable | 47/48 | €553,520 | €552,482 | -€1,038 | -0.2% |
| Accrued charges and deferred income | 492/3 | €33,598 | €39,055 | +€5,457 | +16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,006 | €41,746 | -€2,260 | -5.1% |
| Other operating charges | 640/8 | €3,012 | €3,096 | +€85 | +2.8% |
| Gross operating margin | 9900 | €141,515 | €183,180 | +€41,665 | +29.4% |
| Operating profit (loss) | 9901 | €94,497 | €138,337 | +€43,840 | +46.4% |
| Financial income | 75/76B | €2,012 | €2,027 | +€16 | +0.8% |
| Recurring financial income | 75 | €2,012 | €2,027 | +€16 | +0.8% |
| Financial charges | 65/66B | €45,410 | €50,019 | +€4,609 | +10.1% |
| Recurring financial charges | 65 | €45,410 | €50,019 | +€4,609 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €51,099 | €90,346 | +€39,247 | +76.8% |
| Income taxes | 67/77 | €17,556 | €28,858 | +€11,302 | +64.4% |
| Profit (loss) for the period | 9904 | €33,543 | €61,488 | +€27,945 | +83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,543 | €61,488 | +€27,945 | +83.3% |
Next steps
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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 1 November 2026 via checked.be.