SOPHSAR: 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.
SOPHSAR
Largest movements
- Cash +€112,144
up €112,144 (+67.7%), from €165,676 to €277,820
mainly Net result for the year (+€189,136) and Receivables after one year (+€80,090)
- Receivables after one year -€80,090
down €80,090 (-14.7%), from €544,243 to €464,153
- Deferred charges and accrued income +€62,330
up €62,330 (+596%), from €10,465 to €72,795
- Reserves +€89,000
up €89,000 (+11.4%), from €780,726 to €869,726
- Trade debts +€26,106
up €26,106 (+387%), from €6,743 to €32,849
- Current portion of long-term debt -€16,169
down €16,169 (-42.5%), from €38,037 to €21,868
- Other operating charges -€44,878
down €44,878 (-95.8%), from €46,841 to €1,963
- Gross operating margin -€29,945
down €29,945 (-5.4%), from €558,394 to €528,449
- Taxes -€16,471
down €16,471 (-18.9%), from €87,196 to €70,725
- Staff costs +€11,831
up €11,831 (+5.6%), from €211,558 to €223,389
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 | €1,123,678 | €1,219,299 | +€95,621 | +8.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €401,209 | €404,446 | +€3,237 | +0.8% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €399,323 | €402,560 | +€3,237 | +0.8% |
| Land and buildings | 22 | €324,076 | €306,571 | -€17,505 | -5.4% |
| Plant, machinery and equipment | 23 | €19,789 | €27,903 | +€8,114 | +41.0% |
| Furniture and vehicles | 24 | €26,641 | €35,523 | +€8,882 | +33.3% |
| Other tangible fixed assets | 26 | €28,817 | €32,564 | +€3,747 | +13.0% |
| Financial fixed assets | 28 | €1,886 | €1,886 | -€0 | 0.0% |
| Current assets | 29/58 | €722,469 | €814,853 | +€92,384 | +12.8% |
| Amounts receivable after more than one year | 29 | €544,243 | €464,153 | -€80,090 | -14.7% |
| Other amounts receivable | 291 | €544,243 | €464,153 | -€80,090 | -14.7% |
| Amounts receivable within one year | 40/41 | €2,000 | €0 | -€2,000 | -100% |
| Trade receivables | 40 | €2,000 | €0 | -€2,000 | -100% |
| Current investments | 50/53 | €85 | €85 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €165,676 | €277,820 | +€112,144 | +67.7% |
| Deferred charges and accrued income | 490/1 | €10,465 | €72,795 | +€62,330 | +596% |
| Total equity and liabilities | 10/49 | €1,123,678 | €1,219,299 | +€95,621 | +8.5% |
| Equity | 10/15 | €793,343 | €882,479 | +€89,136 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €780,726 | €869,726 | +€89,000 | +11.4% |
| Distributable reserves | 133 | €780,726 | €869,726 | +€89,000 | +11.4% |
| Profit (loss) carried forward | 14 | -€5,983 | -€5,847 | +€136 | +2.3% |
| Amounts payable | 17/49 | €330,335 | €336,820 | +€6,485 | +2.0% |
| Amounts payable after more than one year | 17 | €204,762 | €199,548 | -€5,214 | -2.5% |
| Financial debts | 170/4 | €204,762 | €199,548 | -€5,214 | -2.5% |
| Amounts payable within one year | 42/48 | €125,573 | €125,404 | -€169 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €38,037 | €21,868 | -€16,169 | -42.5% |
| Trade debts | 44 | €6,743 | €32,849 | +€26,106 | +387% |
| Suppliers | 440/4 | €6,743 | €32,849 | +€26,106 | +387% |
| Taxes, remuneration and social security | 45 | €80,793 | €70,687 | -€10,106 | -12.5% |
| Taxes | 450/3 | €36,315 | €34,253 | -€2,062 | -5.7% |
| Remuneration and social security | 454/9 | €44,478 | €36,434 | -€8,044 | -18.1% |
| Accrued charges and deferred income | 492/3 | - | €11,868 | +€11,868 | |
| Remuneration, social security and pensions | 62 | €211,558 | €223,389 | +€11,831 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,636 | €47,747 | -€1,889 | -3.8% |
| Other operating charges | 640/8 | €46,841 | €1,963 | -€44,878 | -95.8% |
| Non-recurring operating charges | 66A | €305 | €2,950 | +€2,645 | +867% |
| Gross operating margin | 9900 | €558,394 | €528,449 | -€29,945 | -5.4% |
| Operating profit (loss) | 9901 | €250,054 | €252,400 | +€2,346 | +0.9% |
| Financial income | 75/76B | €10,758 | €10,043 | -€715 | -6.6% |
| Recurring financial income | 75 | €10,758 | €10,043 | -€715 | -6.6% |
| Financial charges | 65/66B | €6,499 | €2,583 | -€3,916 | -60.3% |
| Recurring financial charges | 65 | €6,499 | €2,583 | -€3,916 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €254,313 | €259,861 | +€5,548 | +2.2% |
| Income taxes | 67/77 | €87,196 | €70,725 | -€16,471 | -18.9% |
| Profit (loss) for the period | 9904 | €167,117 | €189,136 | +€22,019 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €167,117 | €189,136 | +€22,019 | +13.2% |
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 13 October 2026 via checked.be.