SOPACHEM: 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.
SOPACHEM
Largest movements
- Cash -€692,147
down €692,147 (-70.5%), from €981,534 to €289,386
mainly Other debts (-€656,038) and Contributions, distributions and other (-€470,000)
- Receivables within one year -€267,600
down €267,600 (-21.5%), from €1.2m to €977,155
of which Trade receivables: -€269,776
- Stocks and contracts +€179,031
up €179,031 (+46.6%), from €384,374 to €563,405
- Deferred charges and accrued income +€158,874
up €158,874 (+1,747%), from €9,096 to €167,970
- Intangible fixed assets +€45,890
up €45,890 (+16,891%), from €272 to €46,162
- Other debts -€656,038
down €656,038 (-45.4%), from €1.4m to €788,424
- Debts after one year +€185,809
up €185,809 (+442%), from €42,024 to €227,832
- Tax, wage and social debts -€151,027
down €151,027 (-78.3%), from €192,847 to €41,821
of which Taxes: -€164,140
- Reserves -€62,301
down €62,301 (-21.6%), from €288,856 to €226,554
of which Distributable reserves: -€62,301
- Current portion of long-term debt +€58,017
up €58,017 (+304%), from €19,100 to €77,117
- Gross operating margin +€499,395
up €499,395 (+112%), from €444,017 to €943,412
- Staff costs +€182,219
up €182,219 (+142%), from €128,011 to €310,230
- Taxes +€67,453
up €67,453 (+90.6%), from €74,484 to €141,937
- Depreciation +€47,156
up €47,156 (+283%), from €16,634 to €63,790
- Financial income -€10,753
down €10,753 (-13.8%), from €78,051 to €67,297
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.
Derived cash bridge
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 | €2,872,227 | €2,312,965 | -€559,262 | -19.5% |
| Formation expenses | 20 | €117,718 | €104,496 | -€13,222 | -11.2% |
| Fixed assets | 21/28 | €134,751 | €210,553 | +€75,802 | +56.3% |
| Intangible fixed assets | 21 | €272 | €46,162 | +€45,890 | +16,891% |
| Tangible fixed assets | 22/27 | €102,900 | €133,040 | +€30,140 | +29.3% |
| Furniture and vehicles | 24 | €73,842 | €68,530 | -€5,312 | -7.2% |
| Other tangible fixed assets | 26 | €29,058 | €64,510 | +€35,452 | +122% |
| Financial fixed assets | 28 | €31,580 | €31,351 | -€229 | -0.7% |
| Current assets | 29/58 | €2,619,758 | €1,997,916 | -€621,842 | -23.7% |
| Stocks and contracts in progress | 3 | €384,374 | €563,405 | +€179,031 | +46.6% |
| Stocks | 30/36 | €384,374 | €563,405 | +€179,031 | +46.6% |
| Amounts receivable within one year | 40/41 | €1,244,754 | €977,155 | -€267,600 | -21.5% |
| Trade receivables | 40 | €1,161,547 | €891,771 | -€269,776 | -23.2% |
| Other amounts receivable | 41 | €83,208 | €85,384 | +€2,177 | +2.6% |
| Cash at bank and in hand | 54/58 | €981,534 | €289,386 | -€692,147 | -70.5% |
| Deferred charges and accrued income | 490/1 | €9,096 | €167,970 | +€158,874 | +1,747% |
| Total equity and liabilities | 10/49 | €2,872,227 | €2,312,965 | -€559,262 | -19.5% |
| Equity | 10/15 | €488,856 | €426,554 | -€62,301 | -12.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €288,856 | €226,554 | -€62,301 | -21.6% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,749 | €6,749 | = | 0.0% |
| Distributable reserves | 133 | €262,106 | €199,805 | -€62,301 | -23.8% |
| Amounts payable | 17/49 | €2,383,371 | €1,886,411 | -€496,960 | -20.9% |
| Amounts payable after more than one year | 17 | €42,024 | €227,832 | +€185,809 | +442% |
| Financial debts | 170/4 | €42,024 | €227,832 | +€185,809 | +442% |
| Amounts payable within one year | 42/48 | €2,341,347 | €1,630,531 | -€710,817 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €19,100 | €77,117 | +€58,017 | +304% |
| Trade debts | 44 | €684,939 | €723,169 | +€38,231 | +5.6% |
| Suppliers | 440/4 | €684,939 | €723,169 | +€38,231 | +5.6% |
| Taxes, remuneration and social security | 45 | €192,847 | €41,821 | -€151,027 | -78.3% |
| Taxes | 450/3 | €177,443 | €13,303 | -€164,140 | -92.5% |
| Remuneration and social security | 454/9 | €15,404 | €28,517 | +€13,113 | +85.1% |
| Other amounts payable | 47/48 | €1,444,461 | €788,424 | -€656,038 | -45.4% |
| Accrued charges and deferred income | 492/3 | - | €28,048 | +€28,048 | |
| Non-recurring operating income | 76A | €34,714 | €20,710 | -€14,004 | -40.3% |
| Remuneration, social security and pensions | 62 | €128,011 | €310,230 | +€182,219 | +142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,634 | €63,790 | +€47,156 | +283% |
| Other operating charges | 640/8 | €10,421 | €10,473 | +€52 | +0.5% |
| Non-recurring operating charges | 66A | €34,714 | €24,918 | -€9,796 | -28.2% |
| Gross operating margin | 9900 | €444,017 | €943,412 | +€499,395 | +112% |
| Operating profit (loss) | 9901 | €254,238 | €534,002 | +€279,765 | +110% |
| Financial income | 75/76B | €78,051 | €67,297 | -€10,753 | -13.8% |
| Recurring financial income | 75 | €78,051 | €67,297 | -€10,753 | -13.8% |
| Financial charges | 65/66B | €44,736 | €51,664 | +€6,928 | +15.5% |
| Recurring financial charges | 65 | €44,736 | €51,664 | +€6,928 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €287,552 | €549,635 | +€262,083 | +91.1% |
| Income taxes | 67/77 | €74,484 | €141,937 | +€67,453 | +90.6% |
| Profit (loss) for the period | 9904 | €213,068 | €407,699 | +€194,631 | +91.3% |
| Profit (loss) for the period to be appropriated | 9905 | €213,068 | €407,699 | +€194,631 | +91.3% |
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 19 October 2026 via checked.be.