SOPAFEN: 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.
SOPAFEN
Largest movements
- Cash -€56,781
down €56,781 (-99.4%), from €57,116 to €335
mainly Debts after one year (-€75,000) and Net result for the year (-€1,848)
- Financial fixed assets -€5,000
no longer reported in 2025 (was €5,000)
- Debts after one year -€75,000
no longer reported in 2025 (was €75,000)
- Other debts +€15,098
up €15,098 (+6.3%), from €240,601 to €255,698
- Financial income -€114,125
down €114,125 (-87.5%), from €130,435 to €16,311
of which Non-recurring financial income: -€100,000
- Taxes -€1,747
down €1,747 (-28.8%), from €6,065 to €4,319
- Financial charges -€310
down €310 (-2.5%), from €12,543 to €12,234
- Depreciation -€82
down €82 (-100.0%), from €82 to €0
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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 | €435,995 | €374,146 | -€61,849 | -14.2% |
| Fixed assets | 21/28 | €5,000 | - | -€5,000 | |
| Financial fixed assets | 28 | €5,000 | - | -€5,000 | |
| Current assets | 29/58 | €430,995 | €374,146 | -€56,849 | -13.2% |
| Amounts receivable within one year | 40/41 | €373,879 | €373,811 | -€68 | 0.0% |
| Other amounts receivable | 41 | €373,879 | €373,811 | -€68 | 0.0% |
| Cash at bank and in hand | 54/58 | €57,116 | €335 | -€56,781 | -99.4% |
| Total equity and liabilities | 10/49 | €435,995 | €374,146 | -€61,849 | -14.2% |
| Equity | 10/15 | €112,625 | €110,777 | -€1,848 | -1.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,235 | -€41,083 | -€1,848 | -4.7% |
| Amounts payable | 17/49 | €323,369 | €263,368 | -€60,001 | -18.6% |
| Amounts payable after more than one year | 17 | €75,000 | - | -€75,000 | |
| Financial debts | 170/4 | €75,000 | - | -€75,000 | |
| Amounts payable within one year | 42/48 | €246,584 | €263,368 | +€16,784 | +6.8% |
| Trade debts | 44 | €1,141 | €1,141 | = | 0.0% |
| Suppliers | 440/4 | €1,141 | €1,141 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,843 | €6,529 | +€1,686 | +34.8% |
| Taxes | 450/3 | €4,843 | €6,529 | +€1,686 | +34.8% |
| Other amounts payable | 47/48 | €240,601 | €255,698 | +€15,098 | +6.3% |
| Accrued charges and deferred income | 492/3 | €1,785 | - | -€1,785 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82 | €0 | -€82 | -100.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €100,000 | - | -€100,000 | |
| Gross operating margin | 9900 | -€1,205 | -€1,207 | -€2 | -0.2% |
| Operating profit (loss) | 9901 | -€101,674 | -€1,607 | +€100,067 | +98.4% |
| Financial income | 75/76B | €130,435 | €16,311 | -€114,125 | -87.5% |
| Recurring financial income | 75 | €30,435 | €16,311 | -€14,125 | -46.4% |
| Non-recurring financial income | 76B | €100,000 | - | -€100,000 | |
| Financial charges | 65/66B | €12,543 | €12,234 | -€310 | -2.5% |
| Recurring financial charges | 65 | €12,543 | €12,234 | -€310 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €16,218 | €2,471 | -€13,747 | -84.8% |
| Income taxes | 67/77 | €6,065 | €4,319 | -€1,747 | -28.8% |
| Profit (loss) for the period | 9904 | €10,153 | -€1,848 | -€12,001 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,153 | -€1,848 | -€12,001 |
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 9 October 2026 via checked.be.