SOFRIN: 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.
SOFRIN
Largest movements
- Cash +€54,624
up €54,624 (+38.6%), from €141,643 to €196,267
mainly Net result for the year (+€60,164) and Trade debts (+€48,388)
- Financial fixed assets -€33,560
down €33,560 (-95.9%), from €35,000 to €1,440
- Receivables within one year +€24,101
up €24,101 (+22.1%), from €109,299 to €133,400
of which Trade receivables: +€44,510
- Tangible fixed assets +€19,585
up €19,585 (+12.4%), from €158,256 to €177,841
of which Other tangible fixed assets: +€14,249
- Trade debts +€48,388
up €48,388 (+855.1%), from €5,659 to €54,047
- Other debts +€32,474
up €32,474 (+116.5%), from €27,864 to €60,339
- Gross operating margin +€34,922
up €34,922 (+37.9%), from €92,061 to €126,983
- Financial charges +€6,391
up €6,391 (+2528.1%), from €253 to €6,643
- Taxes +€3,848
up €3,848 (+11.8%), from €32,740 to €36,587
- Depreciation +€2,993
up €2,993 (+16.8%), from €17,854 to €20,847
- Financial income +€1,577
up €1,577 (+4.9%), from €32,160 to €33,737
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 | €1,346,351 | €1,417,873 | +€71,522 | +5.3% |
| Fixed assets | 21/28 | €193,256 | €179,281 | -€13,975 | -7.2% |
| Tangible fixed assets | 22/27 | €158,256 | €177,841 | +€19,585 | +12.4% |
| Furniture and vehicles | 24 | €12,556 | €17,893 | +€5,336 | +42.5% |
| Other tangible fixed assets | 26 | €145,700 | €159,948 | +€14,249 | +9.8% |
| Financial fixed assets | 28 | €35,000 | €1,440 | -€33,560 | -95.9% |
| Current assets | 29/58 | €1,153,095 | €1,238,592 | +€85,497 | +7.4% |
| Amounts receivable within one year | 40/41 | €109,299 | €133,400 | +€24,101 | +22.1% |
| Trade receivables | 40 | €28,077 | €72,587 | +€44,510 | +158.5% |
| Other amounts receivable | 41 | €81,222 | €60,813 | -€20,409 | -25.1% |
| Current investments | 50/53 | €900,000 | €900,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €141,643 | €196,267 | +€54,624 | +38.6% |
| Deferred charges and accrued income | 490/1 | €2,153 | €8,925 | +€6,772 | +314.5% |
| Total equity and liabilities | 10/49 | €1,346,351 | €1,417,873 | +€71,522 | +5.3% |
| Equity | 10/15 | €1,281,165 | €1,280,990 | -€175 | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €968,271 | €968,096 | -€175 | 0.0% |
| Distributable reserves | 133 | €968,271 | €968,096 | -€175 | 0.0% |
| Profit (loss) carried forward | 14 | €306,694 | €306,694 | = | 0.0% |
| Amounts payable | 17/49 | €65,186 | €136,883 | +€71,696 | +110.0% |
| Amounts payable within one year | 42/48 | €65,186 | €136,883 | +€71,696 | +110.0% |
| Trade debts | 44 | €5,659 | €54,047 | +€48,388 | +855.1% |
| Suppliers | 440/4 | €5,659 | €54,047 | +€48,388 | +855.1% |
| Taxes, remuneration and social security | 45 | €31,663 | €22,497 | -€9,166 | -28.9% |
| Taxes | 450/3 | €31,663 | €22,497 | -€9,166 | -28.9% |
| Other amounts payable | 47/48 | €27,864 | €60,339 | +€32,474 | +116.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,854 | €20,847 | +€2,993 | +16.8% |
| Other operating charges | 640/8 | €2,065 | €1,478 | -€587 | -28.4% |
| Non-recurring operating charges | 66A | €5,992 | €35,000 | +€29,008 | +484.1% |
| Gross operating margin | 9900 | €92,061 | €126,983 | +€34,922 | +37.9% |
| Operating profit (loss) | 9901 | €66,149 | €69,658 | +€3,508 | +5.3% |
| Financial income | 75/76B | €32,160 | €33,737 | +€1,577 | +4.9% |
| Recurring financial income | 75 | €32,160 | €33,737 | +€1,577 | +4.9% |
| Financial charges | 65/66B | €253 | €6,643 | +€6,391 | +2528.1% |
| Recurring financial charges | 65 | €253 | €6,643 | +€6,391 | +2528.1% |
| Profit (loss) for the period before taxes | 9903 | €98,057 | €96,751 | -€1,306 | -1.3% |
| Income taxes | 67/77 | €32,740 | €36,587 | +€3,848 | +11.8% |
| Profit (loss) for the period | 9904 | €65,317 | €60,164 | -€5,153 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €65,317 | €60,164 | -€5,153 | -7.9% |
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.