SOPER: what changed
Two fiscal 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.
SOPER
Largest movements
- Receivables within one year +€821,462
up €821,462 (+30.5%), from €2.7m to €3.5m
of which Other amounts receivable: +€1.1m
- Stocks and contracts -€120,185
down €120,185 (-6.5%), from €1.8m to €1.7m
- Tangible fixed assets -€60,740
down €60,740 (-14.2%), from €427,614 to €366,874
of which Land and buildings: -€35,903
- Reserves +€674,264
up €674,264 (+21.8%), from €3.1m to €3.8m
of which Distributable reserves: +€674,264
- Trade debts -€66,905
down €66,905 (-5.8%), from €1.2m to €1.1m
- Gross operating margin -€163,406
down €163,406 (-8.6%), from €1.9m to €1.7m
- Staff costs -€42,055
down €42,055 (-5.9%), from €715,997 to €673,942
- Financial income +€23,512
up €23,512 (+52.8%), from €44,501 to €68,013
- Write-downs +€21,766
up €21,766 (+81.0%), from €26,875 to €48,641
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 | €5,089,062 | €5,763,760 | +€674,698 | +13.3% |
| Fixed assets | 21/28 | €427,614 | €366,874 | -€60,740 | -14.2% |
| Tangible fixed assets | 22/27 | €427,614 | €366,874 | -€60,740 | -14.2% |
| Land and buildings | 22 | €359,079 | €323,176 | -€35,903 | -10.0% |
| Plant, machinery and equipment | 23 | €38,172 | €29,832 | -€8,340 | -21.8% |
| Furniture and vehicles | 24 | €30,363 | €13,866 | -€16,497 | -54.3% |
| Current assets | 29/58 | €4,661,448 | €5,396,886 | +€735,438 | +15.8% |
| Stocks and contracts in progress | 3 | €1,842,651 | €1,722,466 | -€120,185 | -6.5% |
| Stocks | 30/36 | €1,842,651 | €1,722,466 | -€120,185 | -6.5% |
| Amounts receivable within one year | 40/41 | €2,696,949 | €3,518,411 | +€821,462 | +30.5% |
| Trade receivables | 40 | €928,826 | €693,264 | -€235,562 | -25.4% |
| Other amounts receivable | 41 | €1,768,123 | €2,825,147 | +€1.1m | +59.8% |
| Cash at bank and in hand | 54/58 | €121,848 | €150,722 | +€28,874 | +23.7% |
| Deferred charges and accrued income | 490/1 | - | €5,287 | +€5,287 | |
| Total equity and liabilities | 10/49 | €5,089,062 | €5,763,760 | +€674,698 | +13.3% |
| Equity | 10/15 | €3,635,615 | €4,309,879 | +€674,264 | +18.5% |
| Contributions | 10/11 | €547,893 | €547,893 | = | 0.0% |
| Capital | 10 | €547,893 | €547,893 | = | 0.0% |
| Issued capital | 100 | €547,893 | €547,893 | = | 0.0% |
| Reserves | 13 | €3,087,722 | €3,761,986 | +€674,264 | +21.8% |
| Non-distributable reserves | 130/1 | €55,000 | €55,000 | = | 0.0% |
| Legal reserve | 130 | €55,000 | €55,000 | = | 0.0% |
| Distributable reserves | 133 | €3,032,722 | €3,706,986 | +€674,264 | +22.2% |
| Amounts payable | 17/49 | €1,453,447 | €1,453,881 | +€434 | 0.0% |
| Amounts payable within one year | 42/48 | €1,451,447 | €1,445,031 | -€6,416 | -0.4% |
| Trade debts | 44 | €1,161,479 | €1,094,574 | -€66,905 | -5.8% |
| Suppliers | 440/4 | €1,161,479 | €1,094,574 | -€66,905 | -5.8% |
| Taxes, remuneration and social security | 45 | €339,645 | €350,457 | +€10,812 | +3.2% |
| Taxes | 450/3 | €261,685 | €308,626 | +€46,941 | +17.9% |
| Remuneration and social security | 454/9 | €77,960 | €41,831 | -€36,129 | -46.3% |
| Other amounts payable | 47/48 | -€49,677 | - | +€49,677 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €8,850 | +€6,850 | +342.5% |
| Non-recurring operating income | 76A | €19,306 | - | -€19,306 | |
| Remuneration, social security and pensions | 62 | €715,997 | €673,942 | -€42,055 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,804 | €74,477 | -€14,327 | -16.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,875 | €48,641 | +€21,766 | +81.0% |
| Other operating charges | 640/8 | €20,475 | €20,180 | -€295 | -1.4% |
| Gross operating margin | 9900 | €1,891,106 | €1,727,700 | -€163,406 | -8.6% |
| Operating profit (loss) | 9901 | €1,038,955 | €910,460 | -€128,495 | -12.4% |
| Financial income | 75/76B | €44,501 | €68,013 | +€23,512 | +52.8% |
| Recurring financial income | 75 | €44,501 | €68,013 | +€23,512 | +52.8% |
| Financial charges | 65/66B | €50,240 | €68,243 | +€18,003 | +35.8% |
| Recurring financial charges | 65 | €50,240 | €68,243 | +€18,003 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | €1,033,216 | €910,230 | -€122,986 | -11.9% |
| Income taxes | 67/77 | €246,514 | €235,966 | -€10,548 | -4.3% |
| Profit (loss) for the period | 9904 | €786,702 | €674,264 | -€112,438 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €786,702 | €674,264 | -€112,438 | -14.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.