SOPCO: 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.
SOPCO
Largest movements
- Cash -€52,338
down €52,338 (-51.3%), from €101,962 to €49,624
mainly Investment in fixed assets (net) (-€44,024) and Current investments (-€9,757)
- Tangible fixed assets +€39,535
up €39,535 (+15.1%), from €261,437 to €300,972
of which Other tangible fixed assets: +€47,033
- Current investments +€9,757
up €9,757 (+2.1%), from €468,437 to €478,194
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€14,967
down €14,967 (-68.0%), from €22,006 to €7,039
- Financial income +€4,355
up €4,355 (+45.0%), from €9,672 to €14,026
- Depreciation -€3,410
down €3,410 (-43.2%), from €7,899 to €4,489
- Taxes -€2,139
down €2,139 (-43.4%), from €4,930 to €2,790
- Other operating charges +€947
up €947 (+12.0%), from €7,869 to €8,816
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 | €836,311 | €840,453 | +€4,142 | +0.5% |
| Fixed assets | 21/28 | €263,233 | €302,768 | +€39,535 | +15.0% |
| Tangible fixed assets | 22/27 | €261,437 | €300,972 | +€39,535 | +15.1% |
| Land and buildings | 22 | €257,539 | €253,939 | -€3,600 | -1.4% |
| Other tangible fixed assets | 26 | - | €47,033 | +€47,033 | |
| Assets under construction and advance payments | 27 | €3,898 | - | -€3,898 | |
| Financial fixed assets | 28 | €1,796 | €1,796 | = | 0.0% |
| Current assets | 29/58 | €573,078 | €537,686 | -€35,392 | -6.2% |
| Amounts receivable within one year | 40/41 | €1,800 | €3,518 | +€1,718 | +95.4% |
| Other amounts receivable | 41 | €1,800 | €3,518 | +€1,718 | +95.4% |
| Current investments | 50/53 | €468,437 | €478,194 | +€9,757 | +2.1% |
| Cash at bank and in hand | 54/58 | €101,962 | €49,624 | -€52,338 | -51.3% |
| Deferred charges and accrued income | 490/1 | €879 | €6,350 | +€5,471 | +623% |
| Total equity and liabilities | 10/49 | €836,311 | €840,453 | +€4,142 | +0.5% |
| Equity | 10/15 | €791,235 | €796,958 | +€5,723 | +0.7% |
| Contributions | 10/11 | €336,600 | €336,600 | = | 0.0% |
| Reserves | 13 | €454,595 | €459,975 | +€5,380 | +1.2% |
| Non-distributable reserves | 130/1 | €9,500 | €9,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,500 | €9,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,595 | €19,975 | -€1,620 | -7.5% |
| Distributable reserves | 133 | €423,500 | €430,500 | +€7,000 | +1.7% |
| Profit (loss) carried forward | 14 | €41 | €383 | +€343 | +844% |
| Provisions and deferred taxes | 16 | €14,499 | €13,411 | -€1,087 | -7.5% |
| Deferred taxes | 168 | €14,499 | €13,411 | -€1,087 | -7.5% |
| Amounts payable | 17/49 | €30,577 | €30,084 | -€493 | -1.6% |
| Amounts payable within one year | 42/48 | €30,524 | €27,896 | -€2,628 | -8.6% |
| Taxes, remuneration and social security | 45 | €2,628 | - | -€2,628 | |
| Taxes | 450/3 | €2,628 | - | -€2,628 | |
| Other amounts payable | 47/48 | €27,896 | €27,896 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €53 | €2,188 | +€2,135 | +4,028% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,899 | €4,489 | -€3,410 | -43.2% |
| Other operating charges | 640/8 | €7,869 | €8,816 | +€947 | +12.0% |
| Gross operating margin | 9900 | €22,006 | €7,039 | -€14,967 | -68.0% |
| Operating profit (loss) | 9901 | €6,238 | -€6,266 | -€12,504 | |
| Financial income | 75/76B | €9,672 | €14,026 | +€4,355 | +45.0% |
| Recurring financial income | 75 | €9,672 | €14,026 | +€4,355 | +45.0% |
| Financial charges | 65/66B | €700 | €335 | -€366 | -52.2% |
| Recurring financial charges | 65 | €700 | €335 | -€366 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | €15,209 | €7,426 | -€7,783 | -51.2% |
| Transfer from deferred taxes | 780 | €1,087 | €1,087 | = | 0.0% |
| Income taxes | 67/77 | €4,930 | €2,790 | -€2,139 | -43.4% |
| Profit (loss) for the period | 9904 | €11,367 | €5,723 | -€5,644 | -49.7% |
| Transfer from tax-exempt reserves | 789 | €1,620 | €1,620 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,986 | €7,343 | -€5,644 | -43.5% |
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 13 October 2026 via checked.be.