SOPIAD: 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.
SOPIAD
Largest movements
- Cash +€359,295
up €359,295 (+900.9%), from €39,880 to €399,175
mainly Debts after one year (+€747,220) and Depreciation (+€552,014)
- Intangible fixed assets -€60,345
down €60,345 (-4.6%), from €1.3m to €1.3m
- Receivables within one year -€51,512
down €51,512 (-34.9%), from €147,649 to €96,137
of which Trade receivables: -€41,774
- Debts after one year +€747,220
up €747,220 (+167.2%), from €446,791 to €1.2m
of which Financial debts: +€442,301
- Profit (loss) carried forward -€473,228
down €473,228 (-31.3%), from -€1.5m to -€2.0m
- Investment grants -€91,237
down €91,237 (-30.0%), from €304,162 to €212,925
- Current portion of long-term debt +€57,699
new in 2025: €57,699
- Trade debts -€26,265
down €26,265 (-64.3%), from €40,849 to €14,583
- Depreciation +€63,550
up €63,550 (+13.0%), from €488,464 to €552,014
- Gross operating margin +€48,126
up €48,126 (+20.1%), from €239,677 to €287,804
- Financial income +€38,863
up €38,863 (+19.6%), from €198,406 to €237,270
- Financial charges +€8,859
up €8,859 (+73.1%), from €12,127 to €20,986
- Staff costs -€8,266
down €8,266 (-1.9%), from €430,265 to €421,999
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 | €1,538,980 | €1,758,969 | +€219,989 | +14.3% |
| Fixed assets | 21/28 | €1,328,339 | €1,256,725 | -€71,614 | -5.4% |
| Intangible fixed assets | 21 | €1,313,555 | €1,253,210 | -€60,345 | -4.6% |
| Tangible fixed assets | 22/27 | €14,783 | €3,515 | -€11,269 | -76.2% |
| Furniture and vehicles | 24 | €14,783 | €3,515 | -€11,269 | -76.2% |
| Current assets | 29/58 | €210,641 | €502,245 | +€291,603 | +138.4% |
| Amounts receivable within one year | 40/41 | €147,649 | €96,137 | -€51,512 | -34.9% |
| Trade receivables | 40 | €136,657 | €94,883 | -€41,774 | -30.6% |
| Other amounts receivable | 41 | €10,992 | €1,254 | -€9,738 | -88.6% |
| Cash at bank and in hand | 54/58 | €39,880 | €399,175 | +€359,295 | +900.9% |
| Deferred charges and accrued income | 490/1 | €23,113 | €6,933 | -€16,180 | -70.0% |
| Total equity and liabilities | 10/49 | €1,538,980 | €1,758,969 | +€219,989 | +14.3% |
| Equity | 10/15 | €966,230 | €401,765 | -€564,465 | -58.4% |
| Contributions | 10/11 | €2,173,750 | €2,173,750 | = | 0.0% |
| Capital | 10 | €2,173,750 | €2,173,750 | = | 0.0% |
| Issued capital | 100 | €2,312,000 | €2,312,000 | = | 0.0% |
| Uncalled capital | 101 | €138,250 | €138,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,511,682 | -€1,984,910 | -€473,228 | -31.3% |
| Investment grants | 15 | €304,162 | €212,925 | -€91,237 | -30.0% |
| Amounts payable | 17/49 | €572,751 | €1,357,205 | +€784,454 | +137.0% |
| Amounts payable after more than one year | 17 | €446,791 | €1,194,011 | +€747,220 | +167.2% |
| Financial debts | 170/4 | - | €442,301 | +€442,301 | |
| Other amounts payable | 178/9 | €446,791 | €751,710 | +€304,919 | +68.2% |
| Amounts payable within one year | 42/48 | €123,137 | €163,194 | +€40,057 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | - | €57,699 | +€57,699 | |
| Financial debts | 43 | - | €4,078 | +€4,078 | |
| Credit institutions | 430/8 | - | €4,078 | +€4,078 | |
| Trade debts | 44 | €40,849 | €14,583 | -€26,265 | -64.3% |
| Suppliers | 440/4 | €40,849 | €14,583 | -€26,265 | -64.3% |
| Taxes, remuneration and social security | 45 | €67,411 | €67,712 | +€301 | +0.4% |
| Taxes | 450/3 | €11,420 | €23,204 | +€11,784 | +103.2% |
| Remuneration and social security | 454/9 | €55,992 | €44,508 | -€11,483 | -20.5% |
| Other amounts payable | 47/48 | €14,877 | €19,122 | +€4,245 | +28.5% |
| Accrued charges and deferred income | 492/3 | €2,822 | €0 | -€2,822 | -100.0% |
| Remuneration, social security and pensions | 62 | €430,265 | €421,999 | -€8,266 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €488,464 | €552,014 | +€63,550 | +13.0% |
| Other operating charges | 640/8 | €6,468 | €1,726 | -€4,743 | -73.3% |
| Gross operating margin | 9900 | €239,677 | €287,804 | +€48,126 | +20.1% |
| Operating profit (loss) | 9901 | -€685,520 | -€687,935 | -€2,415 | -0.4% |
| Financial income | 75/76B | €198,406 | €237,270 | +€38,863 | +19.6% |
| Recurring financial income | 75 | €198,406 | €237,270 | +€38,863 | +19.6% |
| Financial charges | 65/66B | €12,127 | €20,986 | +€8,859 | +73.1% |
| Recurring financial charges | 65 | €12,127 | €20,986 | +€8,859 | +73.1% |
| Profit (loss) for the period before taxes | 9903 | -€499,241 | -€471,652 | +€27,589 | +5.5% |
| Income taxes | 67/77 | €175 | €1,576 | +€1,401 | +799.0% |
| Profit (loss) for the period | 9904 | -€499,416 | -€473,228 | +€26,188 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€499,416 | -€473,228 | +€26,188 | +5.2% |
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 6 October 2026 via checked.be.