SOPHICO: 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.
SOPHICO
Largest movements
- Current investments -€2.2m
down €2.2m (-47.8%), from €4.6m to €2.4m
- Tangible fixed assets +€500,902
up €500,902 (+10.5%), from €4.8m to €5.3m
of which Land and buildings: +€341,612
- Financial fixed assets -€187,308
down €187,308 (-6.8%), from €2.8m to €2.6m
- Reserves -€1.6m
down €1.6m (-16.2%), from €10.2m to €8.5m
of which Distributable reserves: -€1.6m
- Trade debts -€233,429
down €233,429 (-95.1%), from €245,438 to €12,009
- Debts after one year -€159,600
down €159,600 (-9.1%), from €1.8m to €1.6m
of which Financial debts: -€159,600
- Financial income -€407,923
down €407,923 (-84.0%), from €485,798 to €77,874
of which Non-recurring financial income: -€340,680
- Gross operating margin -€344,647
down €344,647 (-38.3%), from €899,020 to €554,374
- Taxes -€107,873
down €107,873 (-61.3%), from €175,864 to €67,991
- Depreciation +€99,596
up €99,596 (+89.6%), from €111,181 to €210,777
- Financial charges +€29,979
up €29,979 (+112%), from €26,706 to €56,685
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 | €12,853,973 | €10,923,035 | -€1.9m | -15.0% |
| Fixed assets | 21/28 | €7,513,831 | €7,827,425 | +€313,594 | +4.2% |
| Tangible fixed assets | 22/27 | €4,755,690 | €5,256,592 | +€500,902 | +10.5% |
| Land and buildings | 22 | €4,697,981 | €5,039,592 | +€341,612 | +7.3% |
| Plant, machinery and equipment | 23 | €9,618 | €47,799 | +€38,181 | +397% |
| Furniture and vehicles | 24 | €48,091 | €169,201 | +€121,110 | +252% |
| Financial fixed assets | 28 | €2,758,141 | €2,570,833 | -€187,308 | -6.8% |
| Current assets | 29/58 | €5,340,142 | €3,095,610 | -€2.2m | -42.0% |
| Amounts receivable within one year | 40/41 | €411,094 | €447,097 | +€36,003 | +8.8% |
| Trade receivables | 40 | €355,891 | €328,300 | -€27,591 | -7.8% |
| Other amounts receivable | 41 | €55,203 | €118,797 | +€63,594 | +115% |
| Current investments | 50/53 | €4,617,149 | €2,411,946 | -€2.2m | -47.8% |
| Cash at bank and in hand | 54/58 | €308,892 | €230,133 | -€78,759 | -25.5% |
| Deferred charges and accrued income | 490/1 | €3,008 | €6,434 | +€3,426 | +114% |
| Total equity and liabilities | 10/49 | €12,853,973 | €10,923,035 | -€1.9m | -15.0% |
| Equity | 10/15 | €10,688,019 | €9,047,593 | -€1.6m | -15.3% |
| Contributions | 10/11 | €534,808 | €534,808 | = | 0.0% |
| Capital | 10 | €534,808 | €534,808 | = | 0.0% |
| Issued capital | 100 | €534,808 | €534,808 | = | 0.0% |
| Reserves | 13 | €10,153,211 | €8,512,785 | -€1.6m | -16.2% |
| Non-distributable reserves | 130/1 | €53,481 | €53,481 | = | 0.0% |
| Legal reserve | 130 | €53,481 | €53,481 | = | 0.0% |
| Distributable reserves | 133 | €10,099,730 | €8,459,304 | -€1.6m | -16.2% |
| Amounts payable | 17/49 | €2,165,954 | €1,875,442 | -€290,512 | -13.4% |
| Amounts payable after more than one year | 17 | €1,757,725 | €1,598,125 | -€159,600 | -9.1% |
| Financial debts | 170/4 | €1,752,100 | €1,592,500 | -€159,600 | -9.1% |
| Other amounts payable | 178/9 | €5,625 | €5,625 | = | 0.0% |
| Amounts payable within one year | 42/48 | €408,147 | €277,166 | -€130,981 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €159,600 | €159,600 | = | 0.0% |
| Trade debts | 44 | €245,438 | €12,009 | -€233,429 | -95.1% |
| Suppliers | 440/4 | €245,438 | €12,009 | -€233,429 | -95.1% |
| Taxes, remuneration and social security | 45 | €3,109 | €7,755 | +€4,646 | +149% |
| Taxes | 450/3 | - | €5,004 | +€5,004 | |
| Remuneration and social security | 454/9 | €3,109 | €2,751 | -€358 | -11.5% |
| Other amounts payable | 47/48 | - | €97,802 | +€97,802 | |
| Accrued charges and deferred income | 492/3 | €82 | €151 | +€69 | +84.2% |
| Remuneration, social security and pensions | 62 | €38,035 | €40,809 | +€2,774 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,181 | €210,777 | +€99,596 | +89.6% |
| Other operating charges | 640/8 | €38,100 | €10,698 | -€27,402 | -71.9% |
| Non-recurring operating charges | 66A | €5,614 | - | -€5,614 | |
| Gross operating margin | 9900 | €899,020 | €554,374 | -€344,647 | -38.3% |
| Operating profit (loss) | 9901 | €706,091 | €292,090 | -€414,000 | -58.6% |
| Financial income | 75/76B | €485,798 | €77,874 | -€407,923 | -84.0% |
| Recurring financial income | 75 | €145,118 | €77,874 | -€67,243 | -46.3% |
| Non-recurring financial income | 76B | €340,680 | - | -€340,680 | |
| Financial charges | 65/66B | €26,706 | €56,685 | +€29,979 | +112% |
| Recurring financial charges | 65 | €26,706 | €56,685 | +€29,979 | +112% |
| Profit (loss) for the period before taxes | 9903 | €1,165,182 | €313,280 | -€851,902 | -73.1% |
| Income taxes | 67/77 | €175,864 | €67,991 | -€107,873 | -61.3% |
| Profit (loss) for the period | 9904 | €989,318 | €245,289 | -€744,029 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €989,318 | €245,289 | -€744,029 | -75.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.