SOPASER: 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.
SOPASER
Largest movements
- Cash -€711,941
down €711,941 (-79.4%), from €896,161 to €184,219
mainly Current investments (-€500,000) and Investment in fixed assets (net) (-€273,537)
- Current investments +€500,000
new in 2024: €500,000
- Financial fixed assets +€210,912
up €210,912 (+24.0%), from €878,899 to €1.1m
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€33,899
up €33,899 (+52.1%), from €65,066 to €98,966
- Gross operating margin -€27,864
down €27,864, from €4,611 to -€23,253
- Purchases and services +€27,542
up €27,542 (+153%), from €17,961 to €45,503
- Depreciation +€4,517
up €4,517 (+7.4%), from €60,941 to €65,457
- Taxes -€3,638
down €3,638 (-33.0%), from €11,007 to €7,370
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,723,261 | €2,720,228 | -€3,033 | -0.1% |
| Fixed assets | 21/28 | €1,827,100 | €2,035,180 | +€208,080 | +11.4% |
| Tangible fixed assets | 22/27 | €948,201 | €945,369 | -€2,832 | -0.3% |
| Land and buildings | 22 | €653,074 | €641,554 | -€11,520 | -1.8% |
| Furniture and vehicles | 24 | - | €8,852 | +€8,852 | |
| Other tangible fixed assets | 26 | €295,127 | €294,963 | -€164 | -0.1% |
| Financial fixed assets | 28 | €878,899 | €1,089,811 | +€210,912 | +24.0% |
| Current assets | 29/58 | €896,161 | €685,048 | -€211,113 | -23.6% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €896,161 | €184,219 | -€711,941 | -79.4% |
| Deferred charges and accrued income | 490/1 | - | €829 | +€829 | |
| Total equity and liabilities | 10/49 | €2,723,261 | €2,720,228 | -€3,033 | -0.1% |
| Equity | 10/15 | €2,722,393 | €2,719,979 | -€2,413 | -0.1% |
| Contributions | 10/11 | €1,875,000 | €1,875,000 | = | 0.0% |
| Capital | 10 | €1,875,000 | €1,875,000 | = | 0.0% |
| Issued capital | 100 | €1,875,000 | €1,875,000 | = | 0.0% |
| Reserves | 13 | €56,076 | €56,076 | = | 0.0% |
| Non-distributable reserves | 130/1 | €56,076 | €56,076 | = | 0.0% |
| Legal reserve | 130 | €56,076 | €56,076 | = | 0.0% |
| Profit (loss) carried forward | 14 | €791,316 | €788,903 | -€2,413 | -0.3% |
| Amounts payable | 17/49 | €868 | €249 | -€619 | -71.4% |
| Accrued charges and deferred income | 492/3 | €868 | €249 | -€619 | -71.4% |
| Turnover | 70 | €22,572 | €22,250 | -€322 | -1.4% |
| Non-recurring operating income | 76A | €419 | - | -€419 | |
| Goods, raw materials, services and sundry goods | 60/61 | €17,961 | €45,503 | +€27,542 | +153% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,941 | €65,457 | +€4,517 | +7.4% |
| Other operating charges | 640/8 | €868 | €1,081 | +€213 | +24.6% |
| Gross operating margin | 9900 | €4,611 | -€23,253 | -€27,864 | |
| Operating profit (loss) | 9901 | -€57,198 | -€89,792 | -€32,594 | -57.0% |
| Financial income | 75/76B | €65,066 | €98,966 | +€33,899 | +52.1% |
| Recurring financial income | 75 | €65,066 | €98,966 | +€33,899 | +52.1% |
| Financial charges | 65/66B | €3,221 | €4,218 | +€997 | +30.9% |
| Recurring financial charges | 65 | €299 | €220 | -€79 | -26.3% |
| Non-recurring financial charges | 66B | €2,922 | €3,997 | +€1,075 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | €4,647 | €4,956 | +€309 | +6.6% |
| Income taxes | 67/77 | €11,007 | €7,370 | -€3,638 | -33.0% |
| Profit (loss) for the period | 9904 | -€6,360 | -€2,413 | +€3,946 | +62.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,360 | -€2,413 | +€3,946 | +62.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.