SOJEFRANE: 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.
SOJEFRANE
Largest movements
- Tangible fixed assets -€41,206
down €41,206 (-5.0%), from €817,448 to €776,242
of which Land and buildings: -€29,987
- Cash +€25,030
up €25,030 (+32.0%), from €78,215 to €103,246
mainly Depreciation (+€55,320) and Net result for the year (+€25,184)
- Debts after one year -€59,622
down €59,622 (-9.3%), from €640,832 to €581,209
of which Financial debts: -€58,053
- Reserves +€25,000
new in 2025: €25,000
- Other debts +€10,293
up €10,293 (+17.9%), from €57,441 to €67,734
- Other operating charges -€33,943
down €33,943 (-87.6%), from €38,756 to €4,813
- Taxes +€12,083
up €12,083 (+2585.1%), from €467 to €12,551
- Depreciation -€11,289
down €11,289 (-16.9%), from €66,608 to €55,320
- Gross operating margin -€7,331
down €7,331 (-4.7%), from €154,439 to €147,109
- Staff costs +€2,023
up €2,023 (+6.1%), from €33,264 to €35,287
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 | €913,549 | €895,389 | -€18,160 | -2.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €817,448 | €776,242 | -€41,206 | -5.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €817,448 | €776,242 | -€41,206 | -5.0% |
| Land and buildings | 22 | €643,567 | €613,580 | -€29,987 | -4.7% |
| Plant, machinery and equipment | 23 | €150,632 | €145,475 | -€5,157 | -3.4% |
| Furniture and vehicles | 24 | €23,249 | €17,187 | -€6,062 | -26.1% |
| Current assets | 29/58 | €96,100 | €119,147 | +€23,046 | +24.0% |
| Amounts receivable within one year | 40/41 | €16,593 | €14,480 | -€2,112 | -12.7% |
| Trade receivables | 40 | €12,910 | €14,480 | +€1,570 | +12.2% |
| Other amounts receivable | 41 | €3,683 | - | -€3,683 | |
| Cash at bank and in hand | 54/58 | €78,215 | €103,246 | +€25,030 | +32.0% |
| Deferred charges and accrued income | 490/1 | €1,293 | €1,420 | +€128 | +9.9% |
| Total equity and liabilities | 10/49 | €913,549 | €895,389 | -€18,160 | -2.0% |
| Equity | 10/15 | €110,135 | €135,320 | +€25,184 | +22.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | - | €25,000 | +€25,000 | |
| Distributable reserves | 133 | - | €25,000 | +€25,000 | |
| Profit (loss) carried forward | 14 | €10,135 | €10,320 | +€184 | +1.8% |
| Amounts payable | 17/49 | €803,413 | €760,069 | -€43,344 | -5.4% |
| Amounts payable after more than one year | 17 | €640,832 | €581,209 | -€59,622 | -9.3% |
| Financial debts | 170/4 | €514,112 | €456,059 | -€58,053 | -11.3% |
| Other amounts payable | 178/9 | €126,720 | €125,150 | -€1,570 | -1.2% |
| Amounts payable within one year | 42/48 | €159,788 | €174,445 | +€14,657 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €56,781 | €58,053 | +€1,271 | +2.2% |
| Trade debts | 44 | €31,618 | €35,296 | +€3,678 | +11.6% |
| Suppliers | 440/4 | €31,618 | €35,296 | +€3,678 | +11.6% |
| Taxes, remuneration and social security | 45 | €13,947 | €13,362 | -€585 | -4.2% |
| Taxes | 450/3 | €7,543 | €6,291 | -€1,252 | -16.6% |
| Remuneration and social security | 454/9 | €6,404 | €7,071 | +€667 | +10.4% |
| Other amounts payable | 47/48 | €57,441 | €67,734 | +€10,293 | +17.9% |
| Accrued charges and deferred income | 492/3 | €2,794 | €4,415 | +€1,622 | +58.0% |
| Remuneration, social security and pensions | 62 | €33,264 | €35,287 | +€2,023 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,608 | €55,320 | -€11,289 | -16.9% |
| Other operating charges | 640/8 | €38,756 | €4,813 | -€33,943 | -87.6% |
| Gross operating margin | 9900 | €154,439 | €147,109 | -€7,331 | -4.7% |
| Operating profit (loss) | 9901 | €15,811 | €51,689 | +€35,878 | +226.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €15,525 | €13,954 | -€1,571 | -10.1% |
| Recurring financial charges | 65 | €15,525 | €13,954 | -€1,571 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €286 | €37,735 | +€37,449 | +13102.8% |
| Income taxes | 67/77 | €467 | €12,551 | +€12,083 | +2585.1% |
| Profit (loss) for the period | 9904 | -€182 | €25,184 | +€25,366 | |
| Profit (loss) for the period to be appropriated | 9905 | -€182 | €25,184 | +€25,366 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.