SOPEDI: 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.
SOPEDI
Largest movements
- Cash -€8,000
down €8,000 (-98.8%), from €8,100 to €99
mainly Debts after one year (-€16,822) and Tax, wage and social debts (-€15,517)
- Tangible fixed assets -€6,062
down €6,062 (-19.4%), from €31,325 to €25,263
- Short-term financial debts +€19,176
up €19,176 (+3639.7%), from €527 to €19,703
- Debts after one year -€16,822
down €16,822 (-30.0%), from €56,107 to €39,285
- Tax, wage and social debts -€15,517
down €15,517 (-59.0%), from €26,282 to €10,765
- Gross operating margin -€28,377
down €28,377 (-47.2%), from €60,180 to €31,803
- Taxes -€9,859
down €9,859 (-57.0%), from €17,294 to €7,436
- Financial income -€7,673
no longer reported in 2025 (was €7,673)
- Financial charges -€1,576
down €1,576 (-45.1%), from €3,496 to €1,920
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 | €429,500 | €411,816 | -€17,684 | -4.1% |
| Fixed assets | 21/28 | €386,932 | €380,870 | -€6,062 | -1.6% |
| Tangible fixed assets | 22/27 | €31,325 | €25,263 | -€6,062 | -19.4% |
| Furniture and vehicles | 24 | €31,325 | €25,263 | -€6,062 | -19.4% |
| Financial fixed assets | 28 | €355,607 | €355,607 | = | 0.0% |
| Current assets | 29/58 | €42,568 | €30,946 | -€11,622 | -27.3% |
| Amounts receivable after more than one year | 29 | €19,976 | €19,976 | = | 0.0% |
| Trade receivables | 290 | - | €19,976 | +€19,976 | |
| Other amounts receivable | 291 | €19,976 | - | -€19,976 | |
| Amounts receivable within one year | 40/41 | €14,493 | €10,871 | -€3,622 | -25.0% |
| Trade receivables | 40 | €14,493 | €10,871 | -€3,622 | -25.0% |
| Cash at bank and in hand | 54/58 | €8,100 | €99 | -€8,000 | -98.8% |
| Total equity and liabilities | 10/49 | €429,500 | €411,816 | -€17,684 | -4.1% |
| Equity | 10/15 | €340,350 | €340,155 | -€195 | -0.1% |
| Contributions | 10/11 | €118,750 | €118,750 | = | 0.0% |
| Reserves | 13 | €11,859 | €11,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,859 | €11,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,859 | €11,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €209,741 | €209,546 | -€195 | -0.1% |
| Amounts payable | 17/49 | €89,150 | €71,661 | -€17,489 | -19.6% |
| Amounts payable after more than one year | 17 | €56,107 | €39,285 | -€16,822 | -30.0% |
| Financial debts | 170/4 | €56,107 | €39,285 | -€16,822 | -30.0% |
| Amounts payable within one year | 42/48 | €33,043 | €32,376 | -€667 | -2.0% |
| Current portion of amounts payable after more than one year | 42 | €3,000 | €500 | -€2,500 | -83.3% |
| Financial debts | 43 | €527 | €19,703 | +€19,176 | +3639.7% |
| Credit institutions | 430/8 | €527 | €19,703 | +€19,176 | +3639.7% |
| Trade debts | 44 | €3,234 | €1,409 | -€1,826 | -56.4% |
| Suppliers | 440/4 | €3,234 | €1,409 | -€1,826 | -56.4% |
| Taxes, remuneration and social security | 45 | €26,282 | €10,765 | -€15,517 | -59.0% |
| Taxes | 450/3 | €26,282 | €10,765 | -€15,517 | -59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,141 | €8,495 | +€353 | +4.3% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €60,180 | €31,803 | -€28,377 | -47.2% |
| Operating profit (loss) | 9901 | €51,655 | €22,921 | -€28,734 | -55.6% |
| Financial income | 75/76B | €7,673 | - | -€7,673 | |
| Recurring financial income | 75 | €7,673 | - | -€7,673 | |
| Financial charges | 65/66B | €3,496 | €1,920 | -€1,576 | -45.1% |
| Recurring financial charges | 65 | €3,496 | €1,920 | -€1,576 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €55,831 | €21,001 | -€34,830 | -62.4% |
| Income taxes | 67/77 | €17,294 | €7,436 | -€9,859 | -57.0% |
| Profit (loss) for the period | 9904 | €38,537 | €13,565 | -€24,971 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,537 | €13,565 | -€24,971 | -64.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.