SOPAHA: 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.
SOPAHA
Largest movements
- Current investments +€965,459
new in 2025: €965,459
- Tangible fixed assets -€124,069
down €124,069 (-100.0%), from €124,069 to €0
of which Land and buildings: -€98,409
- Cash +€19,071
up €19,071 (+64.3%), from €29,646 to €48,717
mainly Net result for the year (+€642,335) and Provisions (+€217,361)
- Reserves +€652,083
up €652,083 (+1413.1%), from €46,146 to €698,229
of which Tax-exempt reserves: +€652,083
- Provisions +€217,361
new in 2025: €217,361
- Gross operating margin +€817,721
up €817,721 (+1700.6%), from €48,084 to €865,805
- Depreciation -€18,918
down €18,918 (-100.0%), from €18,918 to €0
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 | €156,854 | €1,014,227 | +€857,373 | +546.6% |
| Fixed assets | 21/28 | €124,069 | €0 | -€124,069 | -100.0% |
| Tangible fixed assets | 22/27 | €124,069 | €0 | -€124,069 | -100.0% |
| Land and buildings | 22 | €98,409 | €0 | -€98,409 | -100.0% |
| Plant, machinery and equipment | 23 | €13,759 | €0 | -€13,759 | -100.0% |
| Furniture and vehicles | 24 | €11,901 | €0 | -€11,901 | -100.0% |
| Current assets | 29/58 | €32,785 | €1,014,227 | +€981,442 | +2993.5% |
| Amounts receivable within one year | 40/41 | €350 | €51 | -€299 | -85.4% |
| Other amounts receivable | 41 | €350 | €51 | -€299 | -85.4% |
| Current investments | 50/53 | - | €965,459 | +€965,459 | |
| Cash at bank and in hand | 54/58 | €29,646 | €48,717 | +€19,071 | +64.3% |
| Deferred charges and accrued income | 490/1 | €2,789 | €0 | -€2,789 | -100.0% |
| Total equity and liabilities | 10/49 | €156,854 | €1,014,227 | +€857,373 | +546.6% |
| Equity | 10/15 | €148,730 | €791,065 | +€642,335 | +431.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €46,146 | €698,229 | +€652,083 | +1413.1% |
| Non-distributable reserves | 130/1 | €1,496 | €1,496 | = | 0.0% |
| Legal reserve | 130 | €1,496 | €1,496 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €652,083 | +€652,083 | |
| Distributable reserves | 133 | €44,649 | €44,649 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,084 | €31,336 | -€9,748 | -23.7% |
| Provisions and deferred taxes | 16 | - | €217,361 | +€217,361 | |
| Deferred taxes | 168 | - | €217,361 | +€217,361 | |
| Amounts payable | 17/49 | €8,124 | €5,801 | -€2,323 | -28.6% |
| Amounts payable within one year | 42/48 | €8,103 | €5,759 | -€2,344 | -28.9% |
| Trade debts | 44 | €45 | €1,089 | +€1,045 | +2344.5% |
| Suppliers | 440/4 | €45 | €1,089 | +€1,045 | +2344.5% |
| Advances received on contracts in progress | 46 | €4,000 | €0 | -€4,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,024 | €4,024 | = | 0.0% |
| Taxes | 450/3 | €4,024 | €4,024 | = | 0.0% |
| Other amounts payable | 47/48 | €35 | €646 | +€611 | +1732.3% |
| Accrued charges and deferred income | 492/3 | €21 | €42 | +€21 | +99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,918 | €0 | -€18,918 | -100.0% |
| Other operating charges | 640/8 | €8,871 | €6,031 | -€2,840 | -32.0% |
| Gross operating margin | 9900 | €48,084 | €865,805 | +€817,721 | +1700.6% |
| Operating profit (loss) | 9901 | €20,295 | €859,774 | +€839,479 | +4136.4% |
| Financial charges | 65/66B | €184 | €78 | -€106 | -57.7% |
| Recurring financial charges | 65 | €184 | €78 | -€106 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €20,110 | €859,696 | +€839,586 | +4174.9% |
| Transfer to deferred taxes | 680 | - | €217,361 | +€217,361 | |
| Income taxes | 67/77 | €4,024 | €0 | -€4,024 | -100.0% |
| Profit (loss) for the period | 9904 | €16,087 | €642,335 | +€626,248 | +3892.9% |
| Transfer to tax-exempt reserves | 689 | - | €652,083 | +€652,083 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,087 | -€9,748 | -€25,835 |
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 5 October 2026 via checked.be.