SOPAL INTERNATIONAL: 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.
SOPAL INTERNATIONAL
Largest movements
- Financial fixed assets -€11,150
no longer reported in 2025 (was €11,150)
- Short-term financial debts -€1.4m
down €1.4m (-57.6%), from €2.5m to €1.0m
of which Other loans: -€1.1m
- Profit (loss) carried forward +€1.4m
up €1.4m (+1.9%), from -€72.7m to -€71.3m
- Trade debts +€4,134
up €4,134 (+11.6%), from €35,750 to €39,884
- Gross operating margin +€1.4m
up €1.4m, from -€36,865 to €1.4m
- Financial charges -€202,541
down €202,541 (-99.9%), from €202,695 to €154
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 | €216,337 | €208,565 | -€7,773 | -3.6% |
| Fixed assets | 21/28 | €11,150 | - | -€11,150 | |
| Financial fixed assets | 28 | €11,150 | - | -€11,150 | |
| Current assets | 29/58 | €205,187 | €208,565 | +€3,377 | +1.6% |
| Amounts receivable within one year | 40/41 | €4,569 | €5,758 | +€1,189 | +26.0% |
| Trade receivables | 40 | €4,569 | €5,758 | +€1,189 | +26.0% |
| Current investments | 50/53 | €32,454 | €32,490 | +€36 | +0.1% |
| Cash at bank and in hand | 54/58 | €168,165 | €170,317 | +€2,152 | +1.3% |
| Total equity and liabilities | 10/49 | €216,337 | €208,565 | -€7,773 | -3.6% |
| Equity | 10/15 | -€7,489,765 | -€6,084,936 | +€1.4m | +18.8% |
| Contributions | 10/11 | €25,433,876 | €25,433,876 | = | 0.0% |
| Capital | 10 | €25,433,876 | €25,433,876 | = | 0.0% |
| Issued capital | 100 | €25,433,876 | €25,433,876 | = | 0.0% |
| Reserves | 13 | €39,787,273 | €39,787,273 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,133,887 | €1,133,887 | = | 0.0% |
| Legal reserve | 130 | €1,133,887 | €1,133,887 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,653,386 | €30,653,386 | = | 0.0% |
| Distributable reserves | 133 | €8,000,000 | €8,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,710,913 | -€71,306,084 | +€1.4m | +1.9% |
| Amounts payable | 17/49 | €7,706,102 | €6,293,500 | -€1.4m | -18.3% |
| Amounts payable after more than one year | 17 | €5,200,491 | €5,200,491 | = | 0.0% |
| Financial debts | 170/4 | €5,200,491 | €5,200,491 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,505,611 | €1,093,009 | -€1.4m | -56.4% |
| Financial debts | 43 | €2,459,846 | €1,043,111 | -€1.4m | -57.6% |
| Credit institutions | 430/8 | €824,023 | €491,782 | -€332,241 | -40.3% |
| Other loans | 439 | €1,635,823 | €551,329 | -€1.1m | -66.3% |
| Trade debts | 44 | €35,750 | €39,884 | +€4,134 | +11.6% |
| Suppliers | 440/4 | €35,750 | €39,884 | +€4,134 | +11.6% |
| Other amounts payable | 47/48 | €10,015 | €10,015 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,411,750 | +€1.4m | |
| Other operating charges | 640/8 | €80 | €80 | = | 0.0% |
| Gross operating margin | 9900 | -€36,865 | €1,402,802 | +€1.4m | |
| Operating profit (loss) | 9901 | -€36,945 | €1,402,722 | +€1.4m | |
| Financial income | 75/76B | €2,888 | €3,146 | +€259 | +9.0% |
| Recurring financial income | 75 | €2,888 | €3,146 | +€259 | +9.0% |
| Financial charges | 65/66B | €202,695 | €154 | -€202,541 | -99.9% |
| Recurring financial charges | 65 | €202,695 | €154 | -€202,541 | -99.9% |
| Profit (loss) for the period before taxes | 9903 | -€236,753 | €1,405,714 | +€1.6m | |
| Income taxes | 67/77 | €2,664 | €885 | -€1,779 | -66.8% |
| Profit (loss) for the period | 9904 | -€239,417 | €1,404,829 | +€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | -€239,417 | €1,404,829 | +€1.6m |
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 18 October 2026 via checked.be.