SOPINAS: 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.
SOPINAS
Largest movements
- Cash -€4.2m
down €4.2m (-98.6%), from €4.3m to €60,424
mainly Current investments (-€2.2m) and Short-term financial debts (-€2.0m)
- Current investments +€2.2m
up €2.2m (+64.2%), from €3.5m to €5.7m
- Short-term financial debts -€2.0m
down €2.0m (-99.6%), from €2.0m to €7,659
- Profit (loss) carried forward -€323,958
down €323,958 (-18.6%), from -€1.7m to -€2.1m
- Accrued charges and deferred income +€243,475
up €243,475 (+51.7%), from €471,325 to €714,800
- Financial charges -€2.2m
down €2.2m (-73.1%), from €3.0m to €812,521
- Financial income -€1.8m
down €1.8m (-73.2%), from €2.5m to €667,239
- Taxes +€57,630
up €57,630 (+89.9%), from €64,079 to €121,709
- Gross operating margin -€14,404
down €14,404 (-35.8%), from -€40,259 to -€54,664
- Other operating charges +€1,217
up €1,217 (+112%), from €1,086 to €2,303
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 | €7,827,214 | €5,779,395 | -€2.0m | -26.2% |
| Current assets | 29/58 | €7,827,214 | €5,779,395 | -€2.0m | -26.2% |
| Amounts receivable within one year | 40/41 | €37,423 | - | -€37,423 | |
| Other amounts receivable | 41 | €37,423 | - | -€37,423 | |
| Current investments | 50/53 | €3,482,227 | €5,718,972 | +€2.2m | +64.2% |
| Cash at bank and in hand | 54/58 | €4,307,564 | €60,424 | -€4.2m | -98.6% |
| Total equity and liabilities | 10/49 | €7,827,214 | €5,779,395 | -€2.0m | -26.2% |
| Equity | 10/15 | €5,310,345 | €4,986,387 | -€323,958 | -6.1% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €7,031,950 | €7,031,950 | = | 0.0% |
| Distributable reserves | 133 | €7,031,950 | €7,031,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,741,105 | -€2,065,063 | -€323,958 | -18.6% |
| Amounts payable | 17/49 | €2,516,869 | €793,008 | -€1.7m | -68.5% |
| Amounts payable within one year | 42/48 | €2,045,544 | €78,208 | -€2.0m | -96.2% |
| Financial debts | 43 | €2,021,036 | €7,659 | -€2.0m | -99.6% |
| Credit institutions | 430/8 | €2,021,036 | €7,659 | -€2.0m | -99.6% |
| Trade debts | 44 | €4,985 | €2,100 | -€2,885 | -57.9% |
| Suppliers | 440/4 | €4,985 | €2,100 | -€2,885 | -57.9% |
| Taxes, remuneration and social security | 45 | €19,523 | €68,449 | +€48,926 | +251% |
| Taxes | 450/3 | €19,523 | €68,449 | +€48,926 | +251% |
| Accrued charges and deferred income | 492/3 | €471,325 | €714,800 | +€243,475 | +51.7% |
| Other operating charges | 640/8 | €1,086 | €2,303 | +€1,217 | +112% |
| Gross operating margin | 9900 | -€40,259 | -€54,664 | -€14,404 | -35.8% |
| Operating profit (loss) | 9901 | -€41,345 | -€56,966 | -€15,621 | -37.8% |
| Financial income | 75/76B | €2,489,069 | €667,239 | -€1.8m | -73.2% |
| Recurring financial income | 75 | €2,489,069 | €667,239 | -€1.8m | -73.2% |
| Financial charges | 65/66B | €3,022,703 | €812,521 | -€2.2m | -73.1% |
| Recurring financial charges | 65 | €3,022,703 | €812,521 | -€2.2m | -73.1% |
| Profit (loss) for the period before taxes | 9903 | -€574,979 | -€202,249 | +€372,730 | +64.8% |
| Income taxes | 67/77 | €64,079 | €121,709 | +€57,630 | +89.9% |
| Profit (loss) for the period | 9904 | -€639,058 | -€323,958 | +€315,100 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€639,058 | -€323,958 | +€315,100 | +49.3% |
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 16 October 2026 via checked.be.