SOPHAGEM: 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.
What changed
SOPHAGEM
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€499,691
2024 · €25,132+€474,558
Equity
€3.2m
2024 · €2.7m+€499,691
Cash
€8,387
2024 · €13,615-€5,228
Balance sheet total
€4.4m
2024 · €3.9m+€458,067
Largest movements
Assets
- Deferred charges and accrued income +€499,957
up €499,957 (+1,173,333%), from €43 to €500,000
Equity and liabilities
- Profit (loss) carried forward +€499,691
up €499,691 (+20.2%), from €2.5m to €3.0m
- Debts after one year -€72,588
down €72,588 (-18.2%), from €398,775 to €326,187
Income statement
- Financial income +€500,006
new in 2025: €500,006
- Gross operating margin -€27,992
down €27,992 (-64.8%), from €43,207 to €15,215
- Financial charges -€3,575
down €3,575 (-27.6%), from €12,948 to €9,373
- Taxes +€607
up €607 (+39.1%), from €1,550 to €2,156
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
€25,132
Gross operating margin
-€27,992
Depreciation
-€424
Financial income
+€500,006
Financial charges
+€3,575
Taxes
-€607
Result 2025
€499,691
raises the resultlowers the result
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.
From operations
+€63,651
Investment
€0
Financing
-€68,880
Cash 2024
€13,615
From operations (derived)
+€63,651
Net result for the year
+€499,691
Depreciation
+€4,001
Receivables within one year
+€32,661
Deferred charges and accrued income
-€499,957
Smaller working-capital items
+€567
Other debts
+€26,689
Financing
-€68,880
Debts after one year
-€72,588
Current portion of long-term debt
+€3,708
Cash 2025
€8,387
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,933,228 | €4,391,295 | +€458,067 | +11.6% |
| Fixed assets | 21/28 | €3,844,775 | €3,840,774 | -€4,001 | -0.1% |
| Tangible fixed assets | 22/27 | €8,345 | €4,344 | -€4,001 | -47.9% |
| Plant, machinery and equipment | 23 | €699 | €308 | -€391 | -55.9% |
| Furniture and vehicles | 24 | €7,647 | €4,036 | -€3,611 | -47.2% |
| Financial fixed assets | 28 | €3,836,430 | €3,836,430 | = | 0.0% |
| Current assets | 29/58 | €88,453 | €550,521 | +€462,068 | +522% |
| Amounts receivable within one year | 40/41 | €74,795 | €42,134 | -€32,661 | -43.7% |
| Trade receivables | 40 | €50,000 | €40,098 | -€9,902 | -19.8% |
| Other amounts receivable | 41 | €24,795 | €2,036 | -€22,759 | -91.8% |
| Cash at bank and in hand | 54/58 | €13,615 | €8,387 | -€5,228 | -38.4% |
| Deferred charges and accrued income | 490/1 | €43 | €500,000 | +€499,957 | +1,173,333% |
| Total equity and liabilities | 10/49 | €3,933,228 | €4,391,295 | +€458,067 | +11.6% |
| Equity | 10/15 | €2,744,111 | €3,243,802 | +€499,691 | +18.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,469,111 | €2,968,802 | +€499,691 | +20.2% |
| Amounts payable | 17/49 | €1,189,117 | €1,147,493 | -€41,624 | -3.5% |
| Amounts payable after more than one year | 17 | €398,775 | €326,187 | -€72,588 | -18.2% |
| Financial debts | 170/4 | €398,775 | €326,187 | -€72,588 | -18.2% |
| Amounts payable within one year | 42/48 | €789,409 | €820,660 | +€31,251 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €74,771 | €78,479 | +€3,708 | +5.0% |
| Trade debts | 44 | €670 | €707 | +€37 | +5.5% |
| Suppliers | 440/4 | €670 | €707 | +€37 | +5.5% |
| Taxes, remuneration and social security | 45 | €2,913 | €3,731 | +€818 | +28.1% |
| Taxes | 450/3 | €2,913 | €3,731 | +€818 | +28.1% |
| Other amounts payable | 47/48 | €711,054 | €737,743 | +€26,689 | +3.8% |
| Accrued charges and deferred income | 492/3 | €934 | €646 | -€288 | -30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,577 | €4,001 | +€424 | +11.9% |
| Gross operating margin | 9900 | €43,207 | €15,215 | -€27,992 | -64.8% |
| Operating profit (loss) | 9901 | €39,630 | €11,214 | -€28,416 | -71.7% |
| Financial income | 75/76B | - | €500,006 | +€500,006 | |
| Recurring financial income | 75 | - | €500,006 | +€500,006 | |
| Financial charges | 65/66B | €12,948 | €9,373 | -€3,575 | -27.6% |
| Recurring financial charges | 65 | €12,948 | €9,373 | -€3,575 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €26,682 | €501,847 | +€475,165 | +1,781% |
| Income taxes | 67/77 | €1,550 | €2,156 | +€607 | +39.1% |
| Profit (loss) for the period | 9904 | €25,132 | €499,691 | +€474,558 | +1,888% |
| Profit (loss) for the period to be appropriated | 9905 | €25,132 | €499,691 | +€474,558 | +1,888% |
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 26 October 2026 via checked.be.