SOPHYS: 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.
SOPHYS
Largest movements
- Receivables within one year +€140,564
up €140,564 (+17.0%), from €828,713 to €969,277
of which Trade receivables: +€131,126
- Cash -€81,433
down €81,433 (-32.9%), from €247,207 to €165,774
mainly Receivables within one year (-€140,564) and Current portion of long-term debt (-€35,662)
- Reserves +€114,673
up €114,673 (+11.2%), from €1.0m to €1.1m
- Current portion of long-term debt -€35,662
down €35,662 (-60.4%), from €59,088 to €23,426
- Other debts -€32,529
down €32,529 (-7.8%), from €417,562 to €385,033
- Debts after one year -€21,273
down €21,273 (-57.6%), from €36,940 to €15,667
- Gross operating margin +€45,850
up €45,850 (+32.1%), from €143,032 to €188,882
- Taxes +€17,471
up €17,471 (+53.8%), from €32,461 to €49,932
- Financial charges -€4,646
down €4,646 (-56.8%), from €8,184 to €3,537
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 | €2,054,155 | €2,097,008 | +€42,853 | +2.1% |
| Fixed assets | 21/28 | €973,731 | €957,617 | -€16,114 | -1.7% |
| Tangible fixed assets | 22/27 | €114,207 | €98,093 | -€16,114 | -14.1% |
| Land and buildings | 22 | €109,657 | €83,725 | -€25,932 | -23.6% |
| Plant, machinery and equipment | 23 | - | €3,738 | +€3,738 | |
| Furniture and vehicles | 24 | €4,550 | €10,630 | +€6,080 | +133.6% |
| Financial fixed assets | 28 | €859,523 | €859,523 | = | 0.0% |
| Current assets | 29/58 | €1,080,424 | €1,139,391 | +€58,967 | +5.5% |
| Amounts receivable within one year | 40/41 | €828,713 | €969,277 | +€140,564 | +17.0% |
| Trade receivables | 40 | €255,036 | €386,162 | +€131,126 | +51.4% |
| Other amounts receivable | 41 | €573,677 | €583,115 | +€9,438 | +1.6% |
| Current investments | 50/53 | €2,450 | €2,450 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €247,207 | €165,774 | -€81,433 | -32.9% |
| Deferred charges and accrued income | 490/1 | €2,054 | €1,890 | -€164 | -8.0% |
| Total equity and liabilities | 10/49 | €2,054,155 | €2,097,008 | +€42,853 | +2.1% |
| Equity | 10/15 | €1,500,090 | €1,614,763 | +€114,673 | +7.6% |
| Contributions | 10/11 | €475,000 | €475,000 | = | 0.0% |
| Reserves | 13 | €1,025,090 | €1,139,763 | +€114,673 | +11.2% |
| Distributable reserves | 133 | €1,025,090 | €1,139,763 | +€114,673 | +11.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €554,065 | €482,245 | -€71,820 | -13.0% |
| Amounts payable after more than one year | 17 | €36,940 | €15,667 | -€21,273 | -57.6% |
| Financial debts | 170/4 | €36,940 | €15,667 | -€21,273 | -57.6% |
| Amounts payable within one year | 42/48 | €516,852 | €466,427 | -€50,425 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €59,088 | €23,426 | -€35,662 | -60.4% |
| Financial debts | 43 | €3,839 | €3,826 | -€12 | -0.3% |
| Credit institutions | 430/8 | €0 | €3,826 | +€3,826 | |
| Other loans | 439 | €3,839 | €0 | -€3,839 | -100.0% |
| Trade debts | 44 | €7,132 | €8,630 | +€1,497 | +21.0% |
| Suppliers | 440/4 | €7,132 | €8,630 | +€1,497 | +21.0% |
| Taxes, remuneration and social security | 45 | €29,231 | €45,513 | +€16,281 | +55.7% |
| Taxes | 450/3 | €29,231 | €45,513 | +€16,281 | +55.7% |
| Other amounts payable | 47/48 | €417,562 | €385,033 | -€32,529 | -7.8% |
| Accrued charges and deferred income | 492/3 | €273 | €151 | -€122 | -44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,612 | €27,331 | -€281 | -1.0% |
| Other operating charges | 640/8 | €4,352 | €3,676 | -€675 | -15.5% |
| Gross operating margin | 9900 | €143,032 | €188,882 | +€45,850 | +32.1% |
| Operating profit (loss) | 9901 | €111,069 | €157,875 | +€46,806 | +42.1% |
| Financial income | 75/76B | €9,917 | €10,267 | +€351 | +3.5% |
| Recurring financial income | 75 | €9,917 | €10,267 | +€351 | +3.5% |
| Financial charges | 65/66B | €8,184 | €3,537 | -€4,646 | -56.8% |
| Recurring financial charges | 65 | €8,184 | €3,537 | -€4,646 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | €112,802 | €164,605 | +€51,803 | +45.9% |
| Income taxes | 67/77 | €32,461 | €49,932 | +€17,471 | +53.8% |
| Profit (loss) for the period | 9904 | €80,341 | €114,673 | +€34,332 | +42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €80,341 | €114,673 | +€34,332 | +42.7% |
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 29 September 2026 via checked.be.