SOPAG: 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.
SOPAG
Largest movements
- Tangible fixed assets -€7,508
down €7,508 (-3.3%), from €225,932 to €218,424
- Debts after one year -€15,588
down €15,588 (-9.1%), from €170,484 to €154,896
of which Financial debts: -€15,588
- Profit (loss) carried forward +€7,965
up €7,965, from -€6,103 to €1,862
- Depreciation -€5,910
down €5,910 (-44.0%), from €13,418 to €7,508
- Taxes +€678
new in 2025: €678
- Financial charges -€258
down €258 (-7.2%), from €3,601 to €3,343
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 | €231,201 | €223,454 | -€7,747 | -3.4% |
| Fixed assets | 21/28 | €225,932 | €218,424 | -€7,508 | -3.3% |
| Tangible fixed assets | 22/27 | €225,932 | €218,424 | -€7,508 | -3.3% |
| Land and buildings | 22 | €225,932 | €218,424 | -€7,508 | -3.3% |
| Current assets | 29/58 | €5,269 | €5,030 | -€240 | -4.6% |
| Amounts receivable within one year | 40/41 | €45 | €45 | = | 0.0% |
| Other amounts receivable | 41 | €45 | €45 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,794 | €4,139 | -€655 | -13.7% |
| Deferred charges and accrued income | 490/1 | €430 | €845 | +€415 | +96.5% |
| Total equity and liabilities | 10/49 | €231,201 | €223,454 | -€7,747 | -3.4% |
| Equity | 10/15 | €43,897 | €51,862 | +€7,965 | +18.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,103 | €1,862 | +€7,965 | |
| Amounts payable | 17/49 | €187,305 | €171,592 | -€15,713 | -8.4% |
| Amounts payable after more than one year | 17 | €170,484 | €154,896 | -€15,588 | -9.1% |
| Financial debts | 170/4 | €168,873 | €153,284 | -€15,588 | -9.2% |
| Other amounts payable | 178/9 | €1,611 | €1,611 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,588 | €16,266 | +€678 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €15,588 | €15,588 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €678 | +€678 | |
| Taxes | 450/3 | - | €678 | +€678 | |
| Accrued charges and deferred income | 492/3 | €1,232 | €430 | -€802 | -65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,418 | €7,508 | -€5,910 | -44.0% |
| Other operating charges | 640/8 | €1,885 | €1,944 | +€59 | +3.1% |
| Gross operating margin | 9900 | €21,371 | €21,438 | +€67 | +0.3% |
| Operating profit (loss) | 9901 | €6,068 | €11,987 | +€5,919 | +97.5% |
| Financial charges | 65/66B | €3,601 | €3,343 | -€258 | -7.2% |
| Recurring financial charges | 65 | €3,601 | €3,343 | -€258 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €2,467 | €8,643 | +€6,176 | +250.4% |
| Income taxes | 67/77 | - | €678 | +€678 | |
| Profit (loss) for the period | 9904 | €2,467 | €7,965 | +€5,499 | +222.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,467 | €7,965 | +€5,499 | +222.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.