SOPEM: 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.
SOPEM
Largest movements
- Cash -€28,900
down €28,900 (-24.8%), from €116,615 to €87,714
mainly Net result for the year (-€37,589) and Other debts (-€11,722)
- Stocks and contracts -€15,600
down €15,600 (-36.5%), from €42,750 to €27,150
- Receivables within one year -€3,511
down €3,511 (-61.9%), from €5,675 to €2,164
of which Trade receivables: -€4,459
- Profit (loss) carried forward -€37,589
down €37,589, from €6,887 to -€30,702
- Other debts -€11,722
down €11,722 (-54.0%), from €21,722 to €10,000
- Gross operating margin -€97,527
down €97,527 (-464%), from -€21,010 to -€118,537
- Write-downs -€68,700
down €68,700 (-384%), from -€17,900 to -€86,600
- Depreciation -€4,935
down €4,935 (-79.1%), from €6,235 to €1,300
- Other operating charges +€1,536
up €1,536 (+70.0%), from €2,195 to €3,731
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 | €170,987 | €122,208 | -€48,780 | -28.5% |
| Fixed assets | 21/28 | €5,948 | €4,648 | -€1,300 | -21.9% |
| Tangible fixed assets | 22/27 | €5,948 | €4,648 | -€1,300 | -21.9% |
| Plant, machinery and equipment | 23 | €5,948 | €4,648 | -€1,300 | -21.9% |
| Current assets | 29/58 | €165,040 | €117,560 | -€47,480 | -28.8% |
| Stocks and contracts in progress | 3 | €42,750 | €27,150 | -€15,600 | -36.5% |
| Stocks | 30/36 | €42,750 | €27,150 | -€15,600 | -36.5% |
| Amounts receivable within one year | 40/41 | €5,675 | €2,164 | -€3,511 | -61.9% |
| Trade receivables | 40 | €4,459 | - | -€4,459 | |
| Other amounts receivable | 41 | €1,216 | €2,164 | +€948 | +78.0% |
| Cash at bank and in hand | 54/58 | €116,615 | €87,714 | -€28,900 | -24.8% |
| Deferred charges and accrued income | 490/1 | - | €531 | +€531 | |
| Total equity and liabilities | 10/49 | €170,987 | €122,208 | -€48,780 | -28.5% |
| Equity | 10/15 | €144,387 | €106,798 | -€37,589 | -26.0% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,887 | -€30,702 | -€37,589 | |
| Amounts payable | 17/49 | €26,601 | €15,410 | -€11,191 | -42.1% |
| Amounts payable within one year | 42/48 | €26,601 | €15,410 | -€11,191 | -42.1% |
| Trade debts | 44 | €4,879 | €5,410 | +€530 | +10.9% |
| Suppliers | 440/4 | €4,879 | €5,410 | +€530 | +10.9% |
| Other amounts payable | 47/48 | €21,722 | €10,000 | -€11,722 | -54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,235 | €1,300 | -€4,935 | -79.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€17,900 | -€86,600 | -€68,700 | -384% |
| Other operating charges | 640/8 | €2,195 | €3,731 | +€1,536 | +70.0% |
| Gross operating margin | 9900 | -€21,010 | -€118,537 | -€97,527 | -464% |
| Operating profit (loss) | 9901 | -€11,540 | -€36,969 | -€25,429 | -220% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €1,106 | €626 | -€480 | -43.4% |
| Recurring financial charges | 65 | €1,106 | €626 | -€480 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,646 | -€37,589 | -€24,942 | -197% |
| Profit (loss) for the period | 9904 | -€12,646 | -€37,589 | -€24,942 | -197% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,646 | -€37,589 | -€24,942 | -197% |
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 24 October 2026 via checked.be.