SOPHADE: 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.
What changed
SOPHADE
NACE 47.730, Retail sale of pharmaceutical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€58,202
2024 · -€33,669-€24,533
Equity
€344,187
2024 · €402,388-€58,202
Cash
€60,746
2024 · €69,566-€8,819
Balance sheet total
€1.5m
2024 · €1.7m-€138,133
Largest movements
Assets
- Intangible fixed assets -€106,035
down €106,035 (-11.1%), from €954,314 to €848,279
- Tangible fixed assets -€54,592
down €54,592 (-12.7%), from €429,712 to €375,121
of which Plant, machinery and equipment: -€30,131
- Receivables within one year +€24,269
up €24,269 (+33.4%), from €72,651 to €96,919
of which Trade receivables: +€23,064
Equity and liabilities
- Profit (loss) carried forward -€46,085
down €46,085 (-48.6%), from €94,884 to €48,799
- Debts after one year -€31,271
down €31,271 (-19.2%), from €163,112 to €131,842
- Other debts -€23,536
down €23,536 (-4.0%), from €584,432 to €560,896
Income statement
- Staff costs +€36,588
up €36,588 (+20.0%), from €182,640 to €219,228
- Taxes -€7,990
down €7,990 (-26.0%), from €30,786 to €22,796
- Financial charges -€5,330
down €5,330 (-13.8%), from €38,650 to €33,320
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.
Result 2024
-€33,669
Gross operating margin
+€431
Staff costs
-€36,588
Depreciation
-€1,828
Other operating charges
+€132
Financial income
-€1
Financial charges
+€5,330
Taxes
+€7,990
Result 2025
-€58,202
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.
From operations
+€31,002
Investment
-€7,136
Financing
-€32,686
Cash 2024
€69,566
From operations (derived)
+€31,002
Net result for the year
-€58,202
Depreciation
+€167,763
Stocks and contracts
-€821
Receivables within one year
-€24,269
Deferred charges and accrued income
-€6,224
Provisions
-€6,239
Trade debts
-€11,415
Tax, wage and social debts
-€5,978
Other debts
-€23,536
Accrued charges and deferred income
-€78
Investment (derived)
-€7,136
Investment in fixed assets (net)
-€7,136
Financing
-€32,686
Debts after one year
-€31,271
Current portion of long-term debt
+€992
Short-term financial debts
-€2,407
Cash 2025
€60,746
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,680,920 | €1,542,787 | -€138,133 | -8.2% |
| Fixed assets | 21/28 | €1,384,026 | €1,223,400 | -€160,626 | -11.6% |
| Intangible fixed assets | 21 | €954,314 | €848,279 | -€106,035 | -11.1% |
| Tangible fixed assets | 22/27 | €429,712 | €375,121 | -€54,592 | -12.7% |
| Land and buildings | 22 | €195,084 | €185,473 | -€9,611 | -4.9% |
| Plant, machinery and equipment | 23 | €210,987 | €180,856 | -€30,131 | -14.3% |
| Furniture and vehicles | 24 | €23,641 | €8,791 | -€14,850 | -62.8% |
| Current assets | 29/58 | €296,894 | €319,387 | +€22,494 | +7.6% |
| Stocks and contracts in progress | 3 | €149,081 | €149,902 | +€821 | +0.6% |
| Stocks | 30/36 | €149,081 | €149,902 | +€821 | +0.6% |
| Amounts receivable within one year | 40/41 | €72,651 | €96,919 | +€24,269 | +33.4% |
| Trade receivables | 40 | €72,651 | €95,715 | +€23,064 | +31.7% |
| Other amounts receivable | 41 | - | €1,204 | +€1,204 | |
| Cash at bank and in hand | 54/58 | €69,566 | €60,746 | -€8,819 | -12.7% |
| Deferred charges and accrued income | 490/1 | €5,596 | €11,820 | +€6,224 | +111.2% |
| Total equity and liabilities | 10/49 | €1,680,920 | €1,542,787 | -€138,133 | -8.2% |
| Equity | 10/15 | €402,388 | €344,187 | -€58,202 | -14.5% |
| Contributions | 10/11 | €126,592 | €126,592 | = | 0.0% |
| Reserves | 13 | €180,913 | €168,796 | -€12,117 | -6.7% |
| Non-distributable reserves | 130/1 | €12,659 | - | -€12,659 | |
| Reserves not available under the articles | 1311 | €12,659 | - | -€12,659 | |
| Tax-exempt reserves | 132 | €168,254 | €156,137 | -€12,117 | -7.2% |
| Distributable reserves | 133 | - | €12,659 | +€12,659 | |
| Profit (loss) carried forward | 14 | €94,884 | €48,799 | -€46,085 | -48.6% |
| Provisions and deferred taxes | 16 | €86,637 | €80,398 | -€6,239 | -7.2% |
| Deferred taxes | 168 | €86,637 | €80,398 | -€6,239 | -7.2% |
| Amounts payable | 17/49 | €1,191,894 | €1,118,202 | -€73,692 | -6.2% |
| Amounts payable after more than one year | 17 | €163,112 | €131,842 | -€31,271 | -19.2% |
| Financial debts | 170/4 | €163,112 | €131,842 | -€31,271 | -19.2% |
| Amounts payable within one year | 42/48 | €1,028,279 | €985,935 | -€42,343 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €32,843 | €33,835 | +€992 | +3.0% |
| Financial debts | 43 | €166,496 | €164,089 | -€2,407 | -1.4% |
| Credit institutions | 430/8 | €166,496 | €164,089 | -€2,407 | -1.4% |
| Trade debts | 44 | €210,156 | €198,741 | -€11,415 | -5.4% |
| Suppliers | 440/4 | €210,156 | €198,741 | -€11,415 | -5.4% |
| Taxes, remuneration and social security | 45 | €34,352 | €28,374 | -€5,978 | -17.4% |
| Taxes | 450/3 | €17,855 | €13,081 | -€4,774 | -26.7% |
| Remuneration and social security | 454/9 | €16,497 | €15,293 | -€1,204 | -7.3% |
| Other amounts payable | 47/48 | €584,432 | €560,896 | -€23,536 | -4.0% |
| Accrued charges and deferred income | 492/3 | €503 | €425 | -€78 | -15.5% |
| Remuneration, social security and pensions | 62 | €182,640 | €219,228 | +€36,588 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,935 | €167,763 | +€1,828 | +1.1% |
| Other operating charges | 640/8 | €133 | €1 | -€132 | -98.9% |
| Gross operating margin | 9900 | €378,235 | €378,667 | +€431 | +0.1% |
| Operating profit (loss) | 9901 | €29,527 | -€8,326 | -€37,853 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €38,650 | €33,320 | -€5,330 | -13.8% |
| Recurring financial charges | 65 | €38,650 | €33,320 | -€5,330 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,122 | -€41,646 | -€32,523 | -356.5% |
| Transfer from deferred taxes | 780 | €6,239 | €6,239 | = | 0.0% |
| Income taxes | 67/77 | €30,786 | €22,796 | -€7,990 | -26.0% |
| Profit (loss) for the period | 9904 | -€33,669 | -€58,202 | -€24,533 | -72.9% |
| Transfer from tax-exempt reserves | 789 | €12,117 | €12,117 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,552 | -€46,085 | -€24,533 | -113.8% |
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 5 October 2026 via checked.be.