SOPIAX: 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.
SOPIAX
Largest movements
- Tangible fixed assets -€104,840
down €104,840 (-9.2%), from €1.1m to €1.0m
of which Land and buildings: -€107,927
- Current investments +€75,007
up €75,007 (+2002.7%), from €3,745 to €78,753
- Reserves +€40,993
up €40,993 (+7.4%), from €553,501 to €594,494
of which Distributable reserves: +€77,557
- Debts after one year -€38,050
down €38,050 (-74.5%), from €51,099 to €13,049
- Provisions -€18,828
down €18,828 (-18.7%), from €100,414 to €81,587
- Other debts -€13,981
down €13,981 (-9.2%), from €152,390 to €138,409
- Gross operating margin +€6,537
up €6,537 (+8.6%), from €75,657 to €82,194
- Taxes +€4,463
up €4,463 (+67.3%), from €6,633 to €11,096
- Depreciation -€2,236
down €2,236 (-4.8%), from €46,471 to €44,235
- Financial charges -€1,483
down €1,483 (-20.4%), from €7,283 to €5,800
- Financial income +€877
new in 2024: €877
From the 2021 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,199,820 | €1,163,849 | -€35,971 | -3.0% |
| Fixed assets | 21/28 | €1,134,028 | €1,029,188 | -€104,840 | -9.2% |
| Tangible fixed assets | 22/27 | €1,134,028 | €1,029,188 | -€104,840 | -9.2% |
| Land and buildings | 22 | €1,133,061 | €1,025,134 | -€107,927 | -9.5% |
| Plant, machinery and equipment | 23 | - | €3,351 | +€3,351 | |
| Furniture and vehicles | 24 | €967 | €703 | -€264 | -27.3% |
| Current assets | 29/58 | €65,792 | €134,661 | +€68,869 | +104.7% |
| Stocks and contracts in progress | 3 | €21,593 | €21,593 | = | 0.0% |
| Stocks | 30/36 | €21,593 | €21,593 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €367 | - | -€367 | |
| Other amounts receivable | 41 | €367 | - | -€367 | |
| Current investments | 50/53 | €3,745 | €78,753 | +€75,007 | +2002.7% |
| Cash at bank and in hand | 54/58 | €37,743 | €31,453 | -€6,291 | -16.7% |
| Deferred charges and accrued income | 490/1 | €2,343 | €2,863 | +€520 | +22.2% |
| Total equity and liabilities | 10/49 | €1,199,820 | €1,163,849 | -€35,971 | -3.0% |
| Equity | 10/15 | €871,501 | €912,494 | +€40,993 | +4.7% |
| Contributions | 10/11 | €318,000 | €318,000 | = | 0.0% |
| Capital | 10 | €318,000 | €318,000 | = | 0.0% |
| Issued capital | 100 | €318,000 | €318,000 | = | 0.0% |
| Reserves | 13 | €553,501 | €594,494 | +€40,993 | +7.4% |
| Non-distributable reserves | 130/1 | €31,800 | €31,800 | = | 0.0% |
| Legal reserve | 130 | €31,800 | €31,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €182,820 | €146,256 | -€36,564 | -20.0% |
| Distributable reserves | 133 | €338,880 | €416,437 | +€77,557 | +22.9% |
| Provisions and deferred taxes | 16 | €100,414 | €81,587 | -€18,828 | -18.7% |
| Deferred taxes | 168 | €100,414 | €81,587 | -€18,828 | -18.7% |
| Amounts payable | 17/49 | €227,905 | €169,769 | -€58,136 | -25.5% |
| Amounts payable after more than one year | 17 | €51,099 | €13,049 | -€38,050 | -74.5% |
| Financial debts | 170/4 | €51,099 | €13,049 | -€38,050 | -74.5% |
| Amounts payable within one year | 42/48 | €176,806 | €156,720 | -€20,086 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €12,327 | €12,864 | +€537 | +4.4% |
| Trade debts | 44 | €4,627 | - | -€4,627 | |
| Suppliers | 440/4 | €4,627 | - | -€4,627 | |
| Taxes, remuneration and social security | 45 | €7,461 | €5,446 | -€2,015 | -27.0% |
| Taxes | 450/3 | €7,461 | €5,446 | -€2,015 | -27.0% |
| Other amounts payable | 47/48 | €152,390 | €138,409 | -€13,981 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,471 | €44,235 | -€2,236 | -4.8% |
| Other operating charges | 640/8 | €8,211 | €8,965 | +€754 | +9.2% |
| Gross operating margin | 9900 | €75,657 | €82,194 | +€6,537 | +8.6% |
| Operating profit (loss) | 9901 | €20,975 | €28,994 | +€8,019 | +38.2% |
| Financial income | 75/76B | - | €877 | +€877 | |
| Recurring financial income | 75 | - | €877 | +€877 | |
| Financial charges | 65/66B | €7,283 | €5,800 | -€1,483 | -20.4% |
| Recurring financial charges | 65 | €7,283 | €5,800 | -€1,483 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €13,692 | €24,072 | +€10,379 | +75.8% |
| Transfer from deferred taxes | 780 | - | €12,188 | +€12,188 | |
| Income taxes | 67/77 | €6,633 | €11,096 | +€4,463 | +67.3% |
| Profit (loss) for the period | 9904 | €7,060 | €25,164 | +€18,104 | +256.4% |
| Transfer from tax-exempt reserves | 789 | €12,188 | €6,276 | -€5,912 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,248 | €31,440 | +€12,192 | +63.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.