SOPHAN: 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.
SOPHAN
Largest movements
- Cash +€46,297
up €46,297 (+267.3%), from €17,317 to €63,614
mainly Other debts (+€152,045) and Depreciation (+€91,662)
- Tangible fixed assets -€20,128
down €20,128 (-1.2%), from €1.7m to €1.7m
of which Land and buildings: -€19,997
- Current investments -€20,090
no longer reported in 2025 (was €20,090)
- Other debts +€152,045
up €152,045 (+161.3%), from €94,250 to €246,294
- Reserves -€103,807
down €103,807 (-11.4%), from €911,216 to €807,409
of which Distributable reserves: -€87,822
- Debts after one year -€51,758
down €51,758 (-8.3%), from €626,650 to €574,892
- Gross operating margin +€41,695
up €41,695 (+26.5%), from €157,223 to €198,919
- Other operating charges -€9,086
down €9,086 (-52.5%), from €17,299 to €8,213
- Taxes +€5,607
up €5,607 (+28.9%), from €19,413 to €25,020
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 | €1,932,349 | €1,943,730 | +€11,381 | +0.6% |
| Fixed assets | 21/28 | €1,875,721 | €1,855,592 | -€20,128 | -1.1% |
| Tangible fixed assets | 22/27 | €1,700,721 | €1,680,592 | -€20,128 | -1.2% |
| Land and buildings | 22 | €1,700,589 | €1,680,592 | -€19,997 | -1.2% |
| Furniture and vehicles | 24 | €131 | - | -€131 | |
| Financial fixed assets | 28 | €175,000 | €175,000 | = | 0.0% |
| Current assets | 29/58 | €56,629 | €88,138 | +€31,509 | +55.6% |
| Amounts receivable within one year | 40/41 | €18,970 | €24,267 | +€5,297 | +27.9% |
| Trade receivables | 40 | - | €6,050 | +€6,050 | |
| Other amounts receivable | 41 | €18,970 | €18,217 | -€753 | -4.0% |
| Current investments | 50/53 | €20,090 | - | -€20,090 | |
| Cash at bank and in hand | 54/58 | €17,317 | €63,614 | +€46,297 | +267.3% |
| Deferred charges and accrued income | 490/1 | €251 | €256 | +€5 | +1.9% |
| Total equity and liabilities | 10/49 | €1,932,349 | €1,943,730 | +€11,381 | +0.6% |
| Equity | 10/15 | €973,716 | €869,909 | -€103,807 | -10.7% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €911,216 | €807,409 | -€103,807 | -11.4% |
| Non-distributable reserves | 130/1 | €15,395 | €15,395 | = | 0.0% |
| Legal reserve | 130 | €15,395 | €15,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €491,336 | €475,351 | -€15,985 | -3.3% |
| Distributable reserves | 133 | €404,485 | €316,663 | -€87,822 | -21.7% |
| Provisions and deferred taxes | 16 | €163,779 | €158,450 | -€5,328 | -3.3% |
| Deferred taxes | 168 | €163,779 | €158,450 | -€5,328 | -3.3% |
| Amounts payable | 17/49 | €794,855 | €915,371 | +€120,516 | +15.2% |
| Amounts payable after more than one year | 17 | €626,650 | €574,892 | -€51,758 | -8.3% |
| Financial debts | 170/4 | €626,650 | €574,892 | -€51,758 | -8.3% |
| Amounts payable within one year | 42/48 | €168,205 | €340,479 | +€172,274 | +102.4% |
| Current portion of amounts payable after more than one year | 42 | €50,952 | €51,758 | +€806 | +1.6% |
| Financial debts | 43 | €13,079 | €16,761 | +€3,682 | +28.2% |
| Credit institutions | 430/8 | €13,079 | €16,761 | +€3,682 | +28.2% |
| Trade debts | 44 | €3,924 | €9,228 | +€5,304 | +135.2% |
| Suppliers | 440/4 | €3,924 | €9,228 | +€5,304 | +135.2% |
| Taxes, remuneration and social security | 45 | €6,000 | €16,437 | +€10,437 | +173.9% |
| Taxes | 450/3 | €2,000 | €11,437 | +€9,437 | +471.8% |
| Remuneration and social security | 454/9 | €4,000 | €5,000 | +€1,000 | +25.0% |
| Other amounts payable | 47/48 | €94,250 | €246,294 | +€152,045 | +161.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,526 | €91,662 | +€1,136 | +1.3% |
| Other operating charges | 640/8 | €17,299 | €8,213 | -€9,086 | -52.5% |
| Non-recurring operating charges | 66A | - | €20,090 | +€20,090 | |
| Gross operating margin | 9900 | €157,223 | €198,919 | +€41,695 | +26.5% |
| Operating profit (loss) | 9901 | €49,399 | €78,954 | +€29,555 | +59.8% |
| Financial income | 75/76B | €0 | €33 | +€33 | +82875.0% |
| Recurring financial income | 75 | €0 | €33 | +€33 | +82875.0% |
| Financial charges | 65/66B | €14,260 | €13,103 | -€1,157 | -8.1% |
| Recurring financial charges | 65 | €14,260 | €13,103 | -€1,157 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €35,139 | €65,885 | +€30,745 | +87.5% |
| Transfer from deferred taxes | 780 | €6,520 | €5,328 | -€1,191 | -18.3% |
| Income taxes | 67/77 | €19,413 | €25,020 | +€5,607 | +28.9% |
| Profit (loss) for the period | 9904 | €22,246 | €46,193 | +€23,947 | +107.6% |
| Transfer from tax-exempt reserves | 789 | €19,559 | €15,985 | -€3,574 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,804 | €62,178 | +€20,373 | +48.7% |
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 12 October 2026 via checked.be.