SOPIMAR: 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.
SOPIMAR
Largest movements
- Current investments +€3.1m
new in 2025: €3.1m
- Cash +€188,144
up €188,144 (+238.5%), from €78,873 to €267,017
mainly Net result for the year (+€2.0m) and Debts after one year (+€1.4m)
- Receivables after one year +€150,000
new in 2025: €150,000
- Reserves +€1.9m
up €1.9m (+62.7%), from €3.0m to €4.9m
of which Distributable reserves: +€2.7m
- Debts after one year +€1.4m
up €1.4m (+138.0%), from €986,133 to €2.3m
of which Financial debts: +€1.4m
- Tax, wage and social debts +€258,632
up €258,632 (+1959.2%), from €13,201 to €271,833
of which Taxes: +€258,614
- Provisions -€253,511
down €253,511 (-43.3%), from €585,349 to €331,837
- Gross operating margin +€3.4m
up €3.4m (+1289.9%), from €260,953 to €3.6m
- Taxes +€1.2m
up €1.2m (+3183.8%), from €39,151 to €1.3m
- Other operating charges +€257,058
up €257,058 (+681.9%), from €37,697 to €294,755
- Depreciation +€113,943
up €113,943 (+78.6%), from €144,912 to €258,854
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 | €5,609,192 | €8,975,459 | +€3.4m | +60.0% |
| Fixed assets | 21/28 | €5,530,320 | €5,502,443 | -€27,877 | -0.5% |
| Tangible fixed assets | 22/27 | €5,530,320 | €5,502,443 | -€27,877 | -0.5% |
| Land and buildings | 22 | €5,529,972 | €5,463,393 | -€66,580 | -1.2% |
| Plant, machinery and equipment | 23 | €347 | €203 | -€144 | -41.4% |
| Furniture and vehicles | 24 | - | €38,847 | +€38,847 | |
| Current assets | 29/58 | €78,873 | €3,473,016 | +€3.4m | +4303.3% |
| Amounts receivable after more than one year | 29 | - | €150,000 | +€150,000 | |
| Other amounts receivable | 291 | - | €150,000 | +€150,000 | |
| Amounts receivable within one year | 40/41 | - | €5,999 | +€5,999 | |
| Trade receivables | 40 | - | €5,216 | +€5,216 | |
| Other amounts receivable | 41 | - | €783 | +€783 | |
| Current investments | 50/53 | - | €3,050,000 | +€3.1m | |
| Cash at bank and in hand | 54/58 | €78,873 | €267,017 | +€188,144 | +238.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €5,609,192 | €8,975,459 | +€3.4m | +60.0% |
| Equity | 10/15 | €3,037,175 | €4,930,401 | +€1.9m | +62.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,018,583 | €4,911,809 | +€1.9m | +62.7% |
| Tax-exempt reserves | 132 | €1,756,046 | €995,512 | -€760,534 | -43.3% |
| Distributable reserves | 133 | €1,262,537 | €3,916,298 | +€2.7m | +210.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €585,349 | €331,837 | -€253,511 | -43.3% |
| Deferred taxes | 168 | €585,349 | €331,837 | -€253,511 | -43.3% |
| Amounts payable | 17/49 | €1,986,669 | €3,713,220 | +€1.7m | +86.9% |
| Amounts payable after more than one year | 17 | €986,133 | €2,346,647 | +€1.4m | +138.0% |
| Financial debts | 170/4 | €514,123 | €1,874,637 | +€1.4m | +264.6% |
| Other amounts payable | 178/9 | €472,010 | €472,010 | = | 0.0% |
| Amounts payable within one year | 42/48 | €991,911 | €1,344,148 | +€352,237 | +35.5% |
| Current portion of amounts payable after more than one year | 42 | €43,508 | €128,880 | +€85,372 | +196.2% |
| Trade debts | 44 | €2,250 | €24,684 | +€22,434 | +997.1% |
| Suppliers | 440/4 | €2,250 | €24,684 | +€22,434 | +997.1% |
| Taxes, remuneration and social security | 45 | €13,201 | €271,833 | +€258,632 | +1959.2% |
| Taxes | 450/3 | €10,220 | €268,834 | +€258,614 | +2530.5% |
| Remuneration and social security | 454/9 | €2,981 | €2,999 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €932,953 | €918,752 | -€14,201 | -1.5% |
| Accrued charges and deferred income | 492/3 | €8,625 | €22,425 | +€13,800 | +160.0% |
| Non-recurring operating income | 76A | - | €3,514,078 | +€3.5m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,912 | €258,854 | +€113,943 | +78.6% |
| Other operating charges | 640/8 | €37,697 | €294,755 | +€257,058 | +681.9% |
| Gross operating margin | 9900 | €260,953 | €3,626,998 | +€3.4m | +1289.9% |
| Operating profit (loss) | 9901 | €78,345 | €3,073,389 | +€3.0m | +3822.9% |
| Financial income | 75/76B | €131 | €19,764 | +€19,633 | +14934.6% |
| Recurring financial income | 75 | €131 | €19,764 | +€19,633 | +14934.6% |
| Financial charges | 65/66B | €52,551 | €68,658 | +€16,107 | +30.7% |
| Recurring financial charges | 65 | €52,551 | €68,658 | +€16,107 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €25,926 | €3,024,495 | +€3.0m | +11566.0% |
| Transfer from deferred taxes | 780 | €27,852 | €253,511 | +€225,660 | +810.2% |
| Income taxes | 67/77 | €39,151 | €1,285,651 | +€1.2m | +3183.8% |
| Profit (loss) for the period | 9904 | €14,626 | €1,992,355 | +€2.0m | +13521.9% |
| Transfer from tax-exempt reserves | 789 | €83,555 | €760,534 | +€676,980 | +810.2% |
| Profit (loss) for the period to be appropriated | 9905 | €98,181 | €2,752,889 | +€2.7m | +2703.9% |
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 12 October 2026 via checked.be.