SOSAFA: 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.
SOSAFA
Largest movements
- Tangible fixed assets +€23,465
up €23,465 (+34.8%), from €67,452 to €90,917
of which Other tangible fixed assets: +€14,991
- Receivables within one year +€8,757
up €8,757 (+23.9%), from €36,575 to €45,332
- Financial fixed assets +€3,450
up €3,450 (+19.1%), from €18,090 to €21,540
- Cash -€2,894
down €2,894 (-9.8%), from €29,591 to €26,697
mainly Trade debts (-€46,852) and Investment in fixed assets (net) (-€40,705)
- Other debts +€85,535
up €85,535 (+149%), from €57,528 to €143,063
- Trade debts -€46,852
down €46,852 (-16.9%), from €277,781 to €230,929
- Tax, wage and social debts -€28,380
down €28,380 (-12.3%), from €230,084 to €201,704
of which Remuneration and social security: -€21,639
- Accrued charges and deferred income +€13,477
up €13,477 (+6,298%), from €214 to €13,691
- Profit (loss) carried forward +€12,604
up €12,604 (+2.6%), from -€491,102 to -€478,498
- Gross operating margin -€53,596
down €53,596 (-3.9%), from €1.4m to €1.3m
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 | €255,336 | €284,729 | +€29,393 | +11.5% |
| Fixed assets | 21/28 | €85,542 | €112,457 | +€26,915 | +31.5% |
| Tangible fixed assets | 22/27 | €67,452 | €90,917 | +€23,465 | +34.8% |
| Plant, machinery and equipment | 23 | €39,146 | €46,120 | +€6,974 | +17.8% |
| Furniture and vehicles | 24 | €24,059 | €17,189 | -€6,870 | -28.6% |
| Other tangible fixed assets | 26 | €4,247 | €19,238 | +€14,991 | +353% |
| Assets under construction and advance payments | 27 | - | €8,370 | +€8,370 | |
| Financial fixed assets | 28 | €18,090 | €21,540 | +€3,450 | +19.1% |
| Current assets | 29/58 | €169,794 | €172,272 | +€2,478 | +1.5% |
| Stocks and contracts in progress | 3 | €95,403 | €93,267 | -€2,136 | -2.2% |
| Stocks | 30/36 | €95,403 | €93,267 | -€2,136 | -2.2% |
| Amounts receivable within one year | 40/41 | €36,575 | €45,332 | +€8,757 | +23.9% |
| Trade receivables | 40 | €36,575 | €45,332 | +€8,757 | +23.9% |
| Cash at bank and in hand | 54/58 | €29,591 | €26,697 | -€2,894 | -9.8% |
| Deferred charges and accrued income | 490/1 | €8,225 | €6,976 | -€1,249 | -15.2% |
| Total equity and liabilities | 10/49 | €255,336 | €284,729 | +€29,393 | +11.5% |
| Equity | 10/15 | -€452,965 | -€440,361 | +€12,604 | +2.8% |
| Contributions | 10/11 | €31,036 | €31,036 | = | 0.0% |
| Reserves | 13 | €7,101 | €7,101 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,864 | €1,864 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,864 | €1,864 | = | 0.0% |
| Distributable reserves | 133 | €5,237 | €5,237 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€491,102 | -€478,498 | +€12,604 | +2.6% |
| Amounts payable | 17/49 | €708,301 | €725,090 | +€16,789 | +2.4% |
| Amounts payable within one year | 42/48 | €708,087 | €711,399 | +€3,312 | +0.5% |
| Financial debts | 43 | €142,694 | €135,703 | -€6,991 | -4.9% |
| Credit institutions | 430/8 | €142,694 | €135,703 | -€6,991 | -4.9% |
| Trade debts | 44 | €277,781 | €230,929 | -€46,852 | -16.9% |
| Suppliers | 440/4 | €277,781 | €230,929 | -€46,852 | -16.9% |
| Taxes, remuneration and social security | 45 | €230,084 | €201,704 | -€28,380 | -12.3% |
| Taxes | 450/3 | €25,274 | €18,533 | -€6,741 | -26.7% |
| Remuneration and social security | 454/9 | €204,810 | €183,171 | -€21,639 | -10.6% |
| Other amounts payable | 47/48 | €57,528 | €143,063 | +€85,535 | +149% |
| Accrued charges and deferred income | 492/3 | €214 | €13,691 | +€13,477 | +6,298% |
| Remuneration, social security and pensions | 62 | €1,292,153 | €1,281,692 | -€10,461 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,491 | €13,790 | +€5,299 | +62.4% |
| Other operating charges | 640/8 | €3,362 | €3,141 | -€221 | -6.6% |
| Gross operating margin | 9900 | €1,374,404 | €1,320,808 | -€53,596 | -3.9% |
| Operating profit (loss) | 9901 | €70,398 | €22,185 | -€48,213 | -68.5% |
| Financial income | 75/76B | €1 | €19 | +€18 | +1,800% |
| Recurring financial income | 75 | €1 | €19 | +€18 | +1,800% |
| Financial charges | 65/66B | €10,397 | €9,600 | -€797 | -7.7% |
| Recurring financial charges | 65 | €10,397 | €9,600 | -€797 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €60,002 | €12,604 | -€47,398 | -79.0% |
| Profit (loss) for the period | 9904 | €60,002 | €12,604 | -€47,398 | -79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,002 | €12,604 | -€47,398 | -79.0% |
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 13 October 2026 via checked.be.