SOFTIMAT: 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.
What changed
SOFTIMAT
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€653,075
2024 · -€238,344+€891,419
Equity
€3.4m
2024 · €3.7m-€267,711
Cash
€14,390
2024 · €78,741-€64,351
Balance sheet total
€5.8m
2024 · €5.8m+€71,455
Largest movements
Assets
- Current investments +€900,000
up €900,000 (+900.0%), from €100,000 to €1.0m
- Financial fixed assets -€459,798
down €459,798 (-25.4%), from €1.8m to €1.4m
of which Affiliated companies: -€459,798
- Tangible fixed assets -€246,921
down €246,921 (-7.2%), from €3.5m to €3.2m
of which Land and buildings: -€159,365
- Receivables within one year -€79,671
down €79,671 (-33.2%), from €239,698 to €160,027
of which Other amounts receivable: -€89,765
- Cash -€64,351
down €64,351 (-81.7%), from €78,741 to €14,390
mainly Contributions, distributions and other (-€920,786) and Current investments (-€900,000)
Equity and liabilities
- Contributions -€920,786
down €920,786 (-27.7%), from €3.3m to €2.4m
- Profit (loss) carried forward +€653,075
up €653,075 (+97.9%), from -€666,889 to -€13,813
- Other debts +€447,339
up €447,339 (+30.1%), from €1.5m to €1.9m
- Trade debts -€79,613
down €79,613 (-27.9%), from €285,576 to €205,962
Income statement
- Financial income +€1.4m
up €1.4m (+4049.9%), from €34,386 to €1.4m
of which Financial income: +€1.4m
- Financial charges +€456,764
up €456,764 (+700.3%), from €65,228 to €521,992
of which Non-recurring financial charges: +€452,549
- Turnover -€56,512
down €56,512 (-6.8%), from €836,976 to €780,464
- Services and other goods +€13,514
up €13,514 (+2.5%), from €540,003 to €553,517
- Other operating charges +€12,449
up €12,449 (+7.9%), from €158,468 to €170,917
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.
Result 2024
-€238,344
Turnover
-€56,512
Other operating income
+€9,870
Services and other goods
-€13,514
Staff costs
-€8,718
Depreciation
+€7,851
Write-downs
+€4,744
Other operating charges
-€12,449
Other operating items
+€26,975
Financial income
+€1.4m
Financial charges
-€456,764
Taxes
-€2,646
Result 2025
€653,075
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.
From operations
+€1.4m
Investment
-€499,372
Financing
-€951,808
Cash 2024
€78,741
From operations (derived)
+€1.4m
Net result for the year
+€653,075
Depreciation
+€306,090
Smaller working-capital items
+€1,026
Receivables within one year
+€79,671
Deferred charges and accrued income
-€23,154
Trade debts
-€79,613
Other debts
+€447,339
Accrued charges and deferred income
+€2,395
Investment (derived)
-€499,372
Investment in fixed assets (net)
+€400,628
Current investments
-€900,000
Financing
-€951,808
Debts after one year
-€20,453
Current portion of long-term debt
-€10,569
Contributions, distributions and other
-€920,786
Cash 2025
€14,390
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,763,869 | €5,835,323 | +€71,455 | +1.2% |
| Fixed assets | 21/28 | €5,264,728 | €4,558,010 | -€706,718 | -13.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,452,165 | €3,205,244 | -€246,921 | -7.2% |
| Land and buildings | 22 | €2,847,274 | €2,687,909 | -€159,365 | -5.6% |
| Plant, machinery and equipment | 23 | €394,216 | €285,342 | -€108,874 | -27.6% |
| Furniture and vehicles | 24 | €210,676 | €231,994 | +€21,318 | +10.1% |
| Financial fixed assets | 28 | €1,812,563 | €1,352,766 | -€459,798 | -25.4% |
| Affiliated companies | 280/1 | €1,812,563 | €1,352,766 | -€459,798 | -25.4% |
| Participating interests | 280 | €1,812,563 | €1,352,766 | -€459,798 | -25.4% |
| Other financial fixed assets | 284/8 | €0 | - | = | |
| Shares | 284 | €0 | - | = | |
| Current assets | 29/58 | €499,140 | €1,277,313 | +€778,173 | +155.9% |
| Stocks and contracts in progress | 3 | €73,413 | €72,454 | -€960 | -1.3% |
| Stocks | 30/36 | €73,413 | €72,454 | -€960 | -1.3% |
| Property held for sale | 35 | €73,413 | €72,454 | -€960 | -1.3% |
| Amounts receivable within one year | 40/41 | €239,698 | €160,027 | -€79,671 | -33.2% |
| Trade receivables | 40 | €75,514 | €85,608 | +€10,094 | +13.4% |
| Other amounts receivable | 41 | €164,184 | €74,419 | -€89,765 | -54.7% |
| Current investments | 50/53 | €100,000 | €1,000,000 | +€900,000 | +900.0% |
| Other investments | 51/53 | €100,000 | €1,000,000 | +€900,000 | +900.0% |
| Cash at bank and in hand | 54/58 | €78,741 | €14,390 | -€64,351 | -81.7% |
| Deferred charges and accrued income | 490/1 | €7,289 | €30,443 | +€23,154 | +317.7% |
| Total equity and liabilities | 10/49 | €5,763,869 | €5,835,323 | +€71,455 | +1.2% |
| Equity | 10/15 | €3,651,291 | €3,383,580 | -€267,711 | -7.3% |
| Contributions | 10/11 | €3,321,321 | €2,400,535 | -€920,786 | -27.7% |
| Capital | 10 | €3,321,321 | €2,400,535 | -€920,786 | -27.7% |
| Issued capital | 100 | €3,321,321 | €2,400,535 | -€920,786 | -27.7% |
| Reserves | 13 | €996,858 | €996,858 | = | 0.0% |
| Non-distributable reserves | 130/1 | €738,971 | €738,971 | = | 0.0% |
| Legal reserve | 130 | €738,971 | €738,971 | = | 0.0% |
| Distributable reserves | 133 | €257,887 | €257,887 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€666,889 | -€13,813 | +€653,075 | +97.9% |
| Amounts payable | 17/49 | €2,112,578 | €2,451,744 | +€339,166 | +16.1% |
| Amounts payable after more than one year | 17 | €68,008 | €47,554 | -€20,453 | -30.1% |
| Financial debts | 170/4 | €54,815 | €37,107 | -€17,708 | -32.3% |
| Credit institutions | 173 | €54,815 | €37,107 | -€17,708 | -32.3% |
| Other amounts payable | 178/9 | €13,192 | €10,447 | -€2,745 | -20.8% |
| Amounts payable within one year | 42/48 | €1,892,749 | €2,249,973 | +€357,224 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €76,095 | €65,527 | -€10,569 | -13.9% |
| Trade debts | 44 | €285,576 | €205,962 | -€79,613 | -27.9% |
| Suppliers | 440/4 | €285,576 | €205,962 | -€79,613 | -27.9% |
| Taxes, remuneration and social security | 45 | €42,943 | €43,009 | +€66 | +0.2% |
| Taxes | 450/3 | €3,459 | €5,125 | +€1,666 | +48.2% |
| Remuneration and social security | 454/9 | €39,484 | €37,884 | -€1,600 | -4.1% |
| Other amounts payable | 47/48 | €1,488,136 | €1,935,475 | +€447,339 | +30.1% |
| Accrued charges and deferred income | 492/3 | €151,821 | €154,216 | +€2,395 | +1.6% |
| Operating income | 70/76A | €1,077,489 | €1,057,822 | -€19,667 | -1.8% |
| Turnover | 70 | €836,976 | €780,464 | -€56,512 | -6.8% |
| Other operating income | 74 | €240,513 | €250,383 | +€9,870 | +4.1% |
| Non-recurring operating income | 76A | €0 | €26,975 | +€26,975 | |
| Operating charges | 60/66A | €1,283,817 | €1,305,901 | +€22,085 | +1.7% |
| Goods for resale, raw materials and consumables | 60 | €0 | €0 | = | |
| Purchases | 600/8 | €13,457 | €2,058 | -€11,400 | -84.7% |
| Change in stocks: decrease (increase) | 609 | -€13,457 | -€2,058 | +€11,400 | +84.7% |
| Services and other goods | 61 | €540,003 | €553,517 | +€13,514 | +2.5% |
| Remuneration, social security and pensions | 62 | €266,524 | €275,242 | +€8,718 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €313,941 | €306,090 | -€7,851 | -2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,880 | €136 | -€4,744 | -97.2% |
| Other operating charges | 640/8 | €158,468 | €170,917 | +€12,449 | +7.9% |
| Operating profit (loss) | 9901 | -€206,328 | -€248,079 | -€41,752 | -20.2% |
| Financial income | 75/76B | €34,386 | €1,426,967 | +€1.4m | +4049.9% |
| Recurring financial income | 75 | €14,812 | €1,426,967 | +€1.4m | +9534.1% |
| Income from financial fixed assets | 750 | - | €1,400,000 | +€1.4m | |
| Income from current assets | 751 | €14,812 | €26,967 | +€12,155 | +82.1% |
| Non-recurring financial income | 76B | €19,574 | €0 | -€19,574 | -100.0% |
| Financial charges | 65/66B | €65,228 | €521,992 | +€456,764 | +700.3% |
| Recurring financial charges | 65 | €57,617 | €61,832 | +€4,215 | +7.3% |
| Debt charges | 650 | €3,324 | €3,497 | +€173 | +5.2% |
| Other financial charges | 652/9 | €54,293 | €58,335 | +€4,042 | +7.4% |
| Non-recurring financial charges | 66B | €7,611 | €460,161 | +€452,549 | +5945.7% |
| Profit (loss) for the period before taxes | 9903 | -€237,170 | €656,895 | +€894,066 | |
| Income taxes | 67/77 | €1,174 | €3,820 | +€2,646 | +225.4% |
| Taxes | 670/3 | €1,174 | €3,820 | +€2,646 | +225.4% |
| Profit (loss) for the period | 9904 | -€238,344 | €653,075 | +€891,419 | |
| Profit (loss) for the period to be appropriated | 9905 | -€238,344 | €653,075 | +€891,419 |
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 1 October 2026 via checked.be.