SOFULAR: 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.
SOFULAR
Largest movements
- Receivables within one year +€152,425
up €152,425 (+319%), from €47,806 to €200,230
of which Trade receivables: +€143,474
- Cash -€3,929
down €3,929 (-87.9%), from €4,472 to €543
mainly Receivables within one year (-€152,425) and Debts after one year (-€3,010)
- Intangible fixed assets -€2,479
down €2,479 (-16.3%), from €15,228 to €12,749
- Trade debts +€69,675
up €69,675 (+324%), from €21,478 to €91,154
- Advances received +€69,534
new in 2024: €69,534
- Profit (loss) carried forward +€10,373
up €10,373 (+42.0%), from €24,705 to €35,078
- Debts after one year -€3,010
down €3,010 (-16.6%), from €18,085 to €15,076
- Gross operating margin -€20,218
down €20,218 (-88.3%), from €22,898 to €2,680
- Financial income +€19,476
up €19,476 (+1,461%), from €1,333 to €20,810
- Other operating charges -€6,123
down €6,123 (-73.3%), from €8,356 to €2,233
- Taxes +€2,262
up €2,262 (+317%), from €714 to €2,975
- Financial charges +€1,716
up €1,716 (+50.2%), from €3,420 to €5,136
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,215 | €223,741 | +€146,526 | +190% |
| Fixed assets | 21/28 | €20,283 | €17,510 | -€2,773 | -13.7% |
| Intangible fixed assets | 21 | €15,228 | €12,749 | -€2,479 | -16.3% |
| Tangible fixed assets | 22/27 | €794 | €501 | -€293 | -36.9% |
| Plant, machinery and equipment | 23 | €794 | €501 | -€293 | -36.9% |
| Financial fixed assets | 28 | €4,260 | €4,260 | = | 0.0% |
| Current assets | 29/58 | €56,932 | €206,231 | +€149,299 | +262% |
| Stocks and contracts in progress | 3 | €4,655 | €5,458 | +€803 | +17.2% |
| Stocks | 30/36 | €4,655 | €5,458 | +€803 | +17.2% |
| Amounts receivable within one year | 40/41 | €47,806 | €200,230 | +€152,425 | +319% |
| Trade receivables | 40 | €33,060 | €176,534 | +€143,474 | +434% |
| Other amounts receivable | 41 | €14,745 | €23,696 | +€8,951 | +60.7% |
| Cash at bank and in hand | 54/58 | €4,472 | €543 | -€3,929 | -87.9% |
| Total equity and liabilities | 10/49 | €77,215 | €223,741 | +€146,526 | +190% |
| Equity | 10/15 | €30,905 | €41,278 | +€10,373 | +33.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,705 | €35,078 | +€10,373 | +42.0% |
| Amounts payable | 17/49 | €46,310 | €182,462 | +€136,152 | +294% |
| Amounts payable after more than one year | 17 | €18,085 | €15,076 | -€3,010 | -16.6% |
| Financial debts | 170/4 | €18,085 | €15,076 | -€3,010 | -16.6% |
| Amounts payable within one year | 42/48 | €28,225 | €167,387 | +€139,162 | +493% |
| Current portion of amounts payable after more than one year | 42 | €2,806 | €3,010 | +€203 | +7.3% |
| Trade debts | 44 | €21,478 | €91,154 | +€69,675 | +324% |
| Suppliers | 440/4 | €21,478 | €91,154 | +€69,675 | +324% |
| Advances received on contracts in progress | 46 | - | €69,534 | +€69,534 | |
| Taxes, remuneration and social security | 45 | €3,940 | €3,689 | -€251 | -6.4% |
| Taxes | 450/3 | €3,940 | €3,689 | -€251 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,273 | €2,773 | -€500 | -15.3% |
| Other operating charges | 640/8 | €8,356 | €2,233 | -€6,123 | -73.3% |
| Gross operating margin | 9900 | €22,898 | €2,680 | -€20,218 | -88.3% |
| Operating profit (loss) | 9901 | €11,270 | -€2,325 | -€13,595 | |
| Financial income | 75/76B | €1,333 | €20,810 | +€19,476 | +1,461% |
| Recurring financial income | 75 | €1,333 | €20,810 | +€19,476 | +1,461% |
| Financial charges | 65/66B | €3,420 | €5,136 | +€1,716 | +50.2% |
| Recurring financial charges | 65 | €3,420 | €5,136 | +€1,716 | +50.2% |
| Profit (loss) for the period before taxes | 9903 | €9,184 | €13,349 | +€4,165 | +45.4% |
| Income taxes | 67/77 | €714 | €2,975 | +€2,262 | +317% |
| Profit (loss) for the period | 9904 | €8,470 | €10,373 | +€1,903 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,470 | €10,373 | +€1,903 | +22.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.