SOPAKIM: 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.
SOPAKIM
Largest movements
- Current investments +€211,054
up €211,054 (+6.4%), from €3.3m to €3.5m
- Receivables within one year +€132,268
up €132,268 (+37.3%), from €354,275 to €486,544
- Cash -€53,072
down €53,072 (-99.6%), from €53,285 to €213
mainly Current investments (-€211,054) and Receivables within one year (-€132,268)
- Reserves +€243,098
up €243,098 (+5.3%), from €4.6m to €4.8m
of which Distributable reserves: +€254,558
- Financial income +€243,908
up €243,908 (+371%), from €65,765 to €309,673
- Taxes +€57,975
up €57,975 (+962%), from €6,028 to €64,003
- Gross operating margin +€17,516
up €17,516 (+77.5%), from €22,614 to €40,130
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 | €4,994,682 | €5,277,494 | +€282,812 | +5.7% |
| Fixed assets | 21/28 | €1,291,213 | €1,283,743 | -€7,469 | -0.6% |
| Tangible fixed assets | 22/27 | €1,289,093 | €1,281,623 | -€7,469 | -0.6% |
| Land and buildings | 22 | €1,222,267 | €1,216,031 | -€6,236 | -0.5% |
| Furniture and vehicles | 24 | €1,256 | €1,513 | +€257 | +20.4% |
| Other tangible fixed assets | 26 | €65,569 | €64,079 | -€1,490 | -2.3% |
| Financial fixed assets | 28 | €2,120 | €2,120 | = | 0.0% |
| Current assets | 29/58 | €3,703,469 | €3,993,751 | +€290,282 | +7.8% |
| Amounts receivable within one year | 40/41 | €354,275 | €486,544 | +€132,268 | +37.3% |
| Other amounts receivable | 41 | €354,275 | €486,544 | +€132,268 | +37.3% |
| Current investments | 50/53 | €3,291,497 | €3,502,551 | +€211,054 | +6.4% |
| Cash at bank and in hand | 54/58 | €53,285 | €213 | -€53,072 | -99.6% |
| Deferred charges and accrued income | 490/1 | €4,412 | €4,443 | +€31 | +0.7% |
| Total equity and liabilities | 10/49 | €4,994,682 | €5,277,494 | +€282,812 | +5.7% |
| Equity | 10/15 | €4,921,348 | €5,164,446 | +€243,098 | +4.9% |
| Contributions | 10/11 | €323,000 | €323,000 | = | 0.0% |
| Capital | 10 | €323,000 | €323,000 | = | 0.0% |
| Issued capital | 100 | €323,000 | €323,000 | = | 0.0% |
| Reserves | 13 | €4,598,348 | €4,841,446 | +€243,098 | +5.3% |
| Non-distributable reserves | 130/1 | €32,300 | €32,300 | = | 0.0% |
| Legal reserve | 130 | €32,300 | €32,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €220,579 | €209,119 | -€11,460 | -5.2% |
| Distributable reserves | 133 | €4,345,469 | €4,600,027 | +€254,558 | +5.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €73,334 | €69,514 | -€3,820 | -5.2% |
| Deferred taxes | 168 | €73,334 | €69,514 | -€3,820 | -5.2% |
| Amounts payable | 17/49 | €0 | €43,535 | +€43,535 | |
| Amounts payable within one year | 42/48 | €0 | €43,535 | +€43,535 | |
| Trade debts | 44 | €0 | €615 | +€615 | |
| Suppliers | 440/4 | €0 | €615 | +€615 | |
| Taxes, remuneration and social security | 45 | €0 | €42,920 | +€42,920 | |
| Taxes | 450/3 | €0 | €42,920 | +€42,920 | |
| Non-recurring operating income | 76A | - | €14,106 | +€14,106 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,136 | €32,214 | +€78 | +0.2% |
| Other operating charges | 640/8 | €14,101 | €14,228 | +€127 | +0.9% |
| Gross operating margin | 9900 | €22,614 | €40,130 | +€17,516 | +77.5% |
| Operating profit (loss) | 9901 | -€23,623 | -€6,312 | +€17,310 | +73.3% |
| Financial income | 75/76B | €65,765 | €309,673 | +€243,908 | +371% |
| Recurring financial income | 75 | €65,765 | €309,673 | +€243,908 | +371% |
| Financial charges | 65/66B | €94 | €80 | -€15 | -15.4% |
| Recurring financial charges | 65 | €94 | €80 | -€15 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €42,048 | €303,281 | +€261,233 | +621% |
| Transfer from deferred taxes | 780 | €3,820 | €3,820 | = | 0.0% |
| Income taxes | 67/77 | €6,028 | €64,003 | +€57,975 | +962% |
| Profit (loss) for the period | 9904 | €39,840 | €243,098 | +€203,258 | +510% |
| Transfer from tax-exempt reserves | 789 | €11,460 | €11,460 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €51,301 | €254,558 | +€203,258 | +396% |
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 17 October 2026 via checked.be.