SOFIRA: 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.
SOFIRA
Largest movements
- Current investments +€125,589
new in 2025: €125,589
- Cash -€62,671
down €62,671 (-43.9%), from €142,760 to €80,089
mainly Contributions, distributions and other (-€190,000) and Current investments (-€125,589)
- Tangible fixed assets -€51,176
down €51,176 (-3.7%), from €1.4m to €1.3m
of which Land and buildings: -€46,820
- Other debts -€36,384
down €36,384 (-19.1%), from €190,000 to €153,616
- Tax, wage and social debts +€15,800
up €15,800 (+1316.7%), from €1,200 to €17,000
of which Taxes: +€15,800
- Staff costs -€62,943
no longer reported in 2025 (was €62,943)
- Taxes +€16,565
up €16,565 (+32.6%), from €50,765 to €67,330
- Other operating charges +€5,205
up €5,205 (+45.5%), from €11,440 to €16,645
- Financial income +€5,174
new in 2025: €5,174
- Gross operating margin +€3,425
up €3,425 (+1.0%), from €328,510 to €331,935
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 | €1,541,110 | €1,540,973 | -€137 | 0.0% |
| Fixed assets | 21/28 | €1,370,680 | €1,319,577 | -€51,103 | -3.7% |
| Tangible fixed assets | 22/27 | €1,364,830 | €1,313,654 | -€51,176 | -3.7% |
| Land and buildings | 22 | €1,347,597 | €1,300,777 | -€46,820 | -3.5% |
| Furniture and vehicles | 24 | €17,233 | €12,877 | -€4,356 | -25.3% |
| Financial fixed assets | 28 | €5,850 | €5,923 | +€73 | +1.2% |
| Current assets | 29/58 | €170,430 | €221,396 | +€50,966 | +29.9% |
| Amounts receivable within one year | 40/41 | €27,320 | €14,250 | -€13,070 | -47.8% |
| Trade receivables | 40 | €3,584 | - | -€3,584 | |
| Other amounts receivable | 41 | €23,736 | €14,250 | -€9,486 | -40.0% |
| Current investments | 50/53 | - | €125,589 | +€125,589 | |
| Cash at bank and in hand | 54/58 | €142,760 | €80,089 | -€62,671 | -43.9% |
| Deferred charges and accrued income | 490/1 | €350 | €1,468 | +€1,118 | +319.4% |
| Total equity and liabilities | 10/49 | €1,541,110 | €1,540,973 | -€137 | 0.0% |
| Equity | 10/15 | €1,321,665 | €1,333,591 | +€11,926 | +0.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,253,465 | €1,265,391 | +€11,926 | +1.0% |
| Amounts payable | 17/49 | €219,445 | €207,382 | -€12,063 | -5.5% |
| Amounts payable within one year | 42/48 | €193,101 | €180,189 | -€12,912 | -6.7% |
| Trade debts | 44 | €1,901 | €9,573 | +€7,672 | +403.6% |
| Suppliers | 440/4 | €1,901 | €9,573 | +€7,672 | +403.6% |
| Taxes, remuneration and social security | 45 | €1,200 | €17,000 | +€15,800 | +1316.7% |
| Taxes | 450/3 | - | €15,800 | +€15,800 | |
| Remuneration and social security | 454/9 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 47/48 | €190,000 | €153,616 | -€36,384 | -19.1% |
| Accrued charges and deferred income | 492/3 | €26,344 | €27,193 | +€849 | +3.2% |
| Remuneration, social security and pensions | 62 | €62,943 | - | -€62,943 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,176 | €51,176 | = | 0.0% |
| Other operating charges | 640/8 | €11,440 | €16,645 | +€5,205 | +45.5% |
| Gross operating margin | 9900 | €328,510 | €331,935 | +€3,425 | +1.0% |
| Operating profit (loss) | 9901 | €202,951 | €264,114 | +€61,163 | +30.1% |
| Financial income | 75/76B | - | €5,174 | +€5,174 | |
| Recurring financial income | 75 | - | €5,174 | +€5,174 | |
| Financial charges | 65/66B | €28 | €32 | +€4 | +14.3% |
| Recurring financial charges | 65 | €28 | €32 | +€4 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €202,923 | €269,256 | +€66,333 | +32.7% |
| Income taxes | 67/77 | €50,765 | €67,330 | +€16,565 | +32.6% |
| Profit (loss) for the period | 9904 | €152,158 | €201,926 | +€49,768 | +32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €152,158 | €201,926 | +€49,768 | +32.7% |
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.