Sopaco: 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.
Sopaco
Largest movements
- Tangible fixed assets -€7,317
down €7,317 (-58.4%), from €12,519 to €5,202
of which Land and buildings: -€4,824
- Cash -€7,267
down €7,267 (-34.0%), from €21,388 to €14,121
mainly Contributions, distributions and other (-€24,134) and Other debts (-€1,837)
- Stocks and contracts -€1,751
down €1,751 (-17.2%), from €10,183 to €8,432
- Receivables within one year +€1,716
up €1,716 (+261%), from €657 to €2,373
of which Other amounts receivable: +€1,542
- Deferred charges and accrued income -€901
down €901 (-81.0%), from €1,113 to €212
- Contributions -€18,592
no longer reported in 2025 (was €18,592)
- Trade debts +€4,893
up €4,893 (+387%), from €1,263 to €6,156
- Reserves -€3,846
down €3,846 (-16.8%), from €22,837 to €18,992
- Tax, wage and social debts +€3,652
up €3,652 (+220%), from €1,663 to €5,316
- Other debts -€1,837
no longer reported in 2025 (was €1,837)
- Gross operating margin -€5,805
down €5,805 (-27.6%), from €21,005 to €15,200
- Depreciation -€2,339
down €2,339 (-24.2%), from €9,655 to €7,317
- Other operating charges -€1,750
down €1,750 (-34.6%), from €5,060 to €3,310
- Taxes -€531
down €531 (-25.1%), from €2,114 to €1,583
- Financial income -€500
down €500 (-99.8%), from €501 to €1
of which Non-recurring financial income: -€501
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 | €46,193 | €30,673 | -€15,520 | -33.6% |
| Fixed assets | 21/28 | €12,853 | €5,536 | -€7,317 | -56.9% |
| Tangible fixed assets | 22/27 | €12,519 | €5,202 | -€7,317 | -58.4% |
| Land and buildings | 22 | €9,649 | €4,824 | -€4,824 | -50.0% |
| Plant, machinery and equipment | 23 | €756 | €378 | -€378 | -50.0% |
| Other tangible fixed assets | 26 | €2,114 | - | -€2,114 | |
| Financial fixed assets | 28 | €334 | €334 | = | 0.0% |
| Current assets | 29/58 | €33,340 | €25,137 | -€8,203 | -24.6% |
| Stocks and contracts in progress | 3 | €10,183 | €8,432 | -€1,751 | -17.2% |
| Stocks | 30/36 | €10,183 | €8,432 | -€1,751 | -17.2% |
| Amounts receivable within one year | 40/41 | €657 | €2,373 | +€1,716 | +261% |
| Trade receivables | 40 | - | €174 | +€174 | |
| Other amounts receivable | 41 | €657 | €2,199 | +€1,542 | +235% |
| Cash at bank and in hand | 54/58 | €21,388 | €14,121 | -€7,267 | -34.0% |
| Deferred charges and accrued income | 490/1 | €1,113 | €212 | -€901 | -81.0% |
| Total equity and liabilities | 10/49 | €46,193 | €30,673 | -€15,520 | -33.6% |
| Equity | 10/15 | €41,429 | €18,992 | -€22,438 | -54.2% |
| Contributions | 10/11 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €22,837 | €18,992 | -€3,846 | -16.8% |
| Distributable reserves | 133 | €22,837 | €18,992 | -€3,846 | -16.8% |
| Amounts payable | 17/49 | €4,764 | €11,682 | +€6,918 | +145% |
| Amounts payable within one year | 42/48 | €4,764 | €11,682 | +€6,918 | +145% |
| Trade debts | 44 | €1,263 | €6,156 | +€4,893 | +387% |
| Suppliers | 440/4 | €1,263 | €6,156 | +€4,893 | +387% |
| Advances received on contracts in progress | 46 | - | €210 | +€210 | |
| Taxes, remuneration and social security | 45 | €1,663 | €5,316 | +€3,652 | +220% |
| Taxes | 450/3 | €1,663 | €5,316 | +€3,652 | +220% |
| Other amounts payable | 47/48 | €1,837 | - | -€1,837 | |
| Remuneration, social security and pensions | 62 | €213 | - | -€213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,655 | €7,317 | -€2,339 | -24.2% |
| Other operating charges | 640/8 | €5,060 | €3,310 | -€1,750 | -34.6% |
| Gross operating margin | 9900 | €21,005 | €15,200 | -€5,805 | -27.6% |
| Operating profit (loss) | 9901 | €6,076 | €4,573 | -€1,503 | -24.7% |
| Financial income | 75/76B | €501 | €1 | -€500 | -99.8% |
| Recurring financial income | 75 | €501 | €1 | -€500 | -99.8% |
| Non-recurring financial income | 76B | €501 | - | -€501 | |
| Financial charges | 65/66B | €1,253 | €1,295 | +€42 | +3.3% |
| Recurring financial charges | 65 | €1,253 | €1,022 | -€230 | -18.4% |
| Non-recurring financial charges | 66B | - | €272 | +€272 | |
| Profit (loss) for the period before taxes | 9903 | €5,325 | €3,279 | -€2,045 | -38.4% |
| Income taxes | 67/77 | €2,114 | €1,583 | -€531 | -25.1% |
| Profit (loss) for the period | 9904 | €3,211 | €1,696 | -€1,515 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,211 | €1,696 | -€1,515 | -47.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.