SOFRESH: 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.
SOFRESH
Largest movements
- Tangible fixed assets +€37,670
new in 2025: €37,670
of which Furniture and vehicles: +€33,637
- Receivables within one year +€24,437
up €24,437 (+576.0%), from €4,242 to €28,679
of which Trade receivables: +€25,755
- Cash -€10,629
down €10,629 (-90.3%), from €11,778 to €1,148
mainly Investment in fixed assets (net) (-€43,542) and Receivables within one year (-€24,437)
- Deferred charges and accrued income +€3,053
up €3,053 (+1309.0%), from €233 to €3,286
- Stocks and contracts -€2,550
down €2,550 (-6.8%), from €37,450 to €34,900
- Debts after one year +€25,425
new in 2025: €25,425
- Current portion of long-term debt +€8,421
new in 2025: €8,421
- Trade debts +€7,629
up €7,629 (+61.5%), from €12,409 to €20,038
- Tax, wage and social debts +€7,116
up €7,116 (+84.8%), from €8,390 to €15,506
of which Taxes: +€4,234
- Profit (loss) carried forward +€4,158
up €4,158 (+14.3%), from €29,135 to €33,293
- Gross operating margin -€12,479
down €12,479 (-25.4%), from €49,070 to €36,590
- Staff costs +€9,249
up €9,249 (+101.4%), from €9,124 to €18,373
- Depreciation +€5,872
new in 2025: €5,872
- Taxes -€5,656
down €5,656 (-76.9%), from €7,356 to €1,700
- Financial charges +€1,467
up €1,467 (+64.4%), from €2,277 to €3,744
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 | €53,703 | €105,683 | +€51,980 | +96.8% |
| Fixed assets | 21/28 | - | €37,670 | +€37,670 | |
| Tangible fixed assets | 22/27 | - | €37,670 | +€37,670 | |
| Plant, machinery and equipment | 23 | - | €2,392 | +€2,392 | |
| Furniture and vehicles | 24 | - | €33,637 | +€33,637 | |
| Other tangible fixed assets | 26 | - | €1,641 | +€1,641 | |
| Current assets | 29/58 | €53,703 | €68,013 | +€14,310 | +26.6% |
| Stocks and contracts in progress | 3 | €37,450 | €34,900 | -€2,550 | -6.8% |
| Stocks | 30/36 | €37,450 | €34,900 | -€2,550 | -6.8% |
| Amounts receivable within one year | 40/41 | €4,242 | €28,679 | +€24,437 | +576.0% |
| Trade receivables | 40 | €1,174 | €26,929 | +€25,755 | +2193.7% |
| Other amounts receivable | 41 | €3,068 | €1,751 | -€1,318 | -42.9% |
| Cash at bank and in hand | 54/58 | €11,778 | €1,148 | -€10,629 | -90.3% |
| Deferred charges and accrued income | 490/1 | €233 | €3,286 | +€3,053 | +1309.0% |
| Total equity and liabilities | 10/49 | €53,703 | €105,683 | +€51,980 | +96.8% |
| Equity | 10/15 | €32,135 | €36,293 | +€4,158 | +12.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,135 | €33,293 | +€4,158 | +14.3% |
| Amounts payable | 17/49 | €21,568 | €69,390 | +€47,822 | +221.7% |
| Amounts payable after more than one year | 17 | - | €25,425 | +€25,425 | |
| Financial debts | 170/4 | - | €25,425 | +€25,425 | |
| Amounts payable within one year | 42/48 | €21,568 | €43,965 | +€22,397 | +103.8% |
| Current portion of amounts payable after more than one year | 42 | - | €8,421 | +€8,421 | |
| Trade debts | 44 | €12,409 | €20,038 | +€7,629 | +61.5% |
| Suppliers | 440/4 | €12,409 | €20,038 | +€7,629 | +61.5% |
| Taxes, remuneration and social security | 45 | €8,390 | €15,506 | +€7,116 | +84.8% |
| Taxes | 450/3 | €7,356 | €11,591 | +€4,234 | +57.6% |
| Remuneration and social security | 454/9 | €1,033 | €3,915 | +€2,882 | +278.9% |
| Other amounts payable | 47/48 | €770 | - | -€770 | |
| Remuneration, social security and pensions | 62 | €9,124 | €18,373 | +€9,249 | +101.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,872 | +€5,872 | |
| Other operating charges | 640/8 | €1,179 | €2,403 | +€1,224 | +103.7% |
| Gross operating margin | 9900 | €49,070 | €36,590 | -€12,479 | -25.4% |
| Operating profit (loss) | 9901 | €38,766 | €9,943 | -€28,823 | -74.4% |
| Financial income | 75/76B | €2 | €11 | +€9 | +341.8% |
| Recurring financial income | 75 | €2 | €11 | +€9 | +341.8% |
| Financial charges | 65/66B | €2,277 | €3,744 | +€1,467 | +64.4% |
| Recurring financial charges | 65 | €2,277 | €3,744 | +€1,467 | +64.4% |
| Profit (loss) for the period before taxes | 9903 | €36,492 | €6,209 | -€30,282 | -83.0% |
| Income taxes | 67/77 | €7,356 | €1,700 | -€5,656 | -76.9% |
| Profit (loss) for the period | 9904 | €29,135 | €4,509 | -€24,626 | -84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,135 | €4,509 | -€24,626 | -84.5% |
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 10 October 2026 via checked.be.