SOPAR: 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.
What changed
SOPAR
NACE 70.100, Activities of head offices
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€417,047
2024 · €2.0m-€1.6m
Equity
€25.6m
2024 · €35.4m-€9.8m
Cash
€2.0m
2024 · €1.3m+€667,746
Balance sheet total
€30.7m
2024 · €40.5m-€9.7m
Largest movements
Assets
- Financial fixed assets -€10.8m
down €10.8m (-40.2%), from €27.0m to €16.1m
of which Affiliated companies: -€10.8m
- Current investments +€1.1m
up €1.1m (+56.6%), from €2.0m to €3.2m
- Cash +€667,746
up €667,746 (+50.2%), from €1.3m to €2.0m
mainly Investment in fixed assets (net) (+€10.7m) and Short-term financial debts (+€1.0m)
Equity and liabilities
- Profit (loss) carried forward -€6.2m
down €6.2m (-27.5%), from €22.4m to €16.2m
- Contributions -€3.5m
down €3.5m (-29.4%), from €12.1m to €8.5m
- Short-term financial debts +€1.0m
new in 2025: €1.0m
- Debts after one year -€425,900
down €425,900 (-11.0%), from €3.9m to €3.5m
of which Other amounts payable: -€375,000
Income statement
- Financial income -€2.1m
down €2.1m (-76.5%), from €2.7m to €638,017
of which Financial income: -€1.3m
- Financial charges -€419,910
down €419,910 (-74.8%), from €561,030 to €141,120
- Turnover -€124,841
down €124,841 (-16.0%), from €778,832 to €653,991
- Staff costs -€92,016
down €92,016 (-30.4%), from €302,540 to €210,524
- Services and other goods -€43,445
down €43,445 (-13.1%), from €330,642 to €287,197
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.
Result 2024
€2.0m
Turnover
-€124,841
Other operating income
+€14,277
Services and other goods
+€43,445
Staff costs
+€92,016
Depreciation
-€3,507
Other operating charges
-€20,554
Other operating items
+€46,922
Financial income
-€2.1m
Financial charges
+€419,910
Taxes
-€10,353
Result 2025
€417,047
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€719,474
Investment
+€9.6m
Financing
-€9.6m
Cash 2024
€1.3m
From operations (derived)
+€719,474
Net result for the year
+€417,047
Depreciation
+€159,680
Receivables after one year
+€166,340
Receivables within one year
+€385,490
Deferred charges and accrued income
+€76,511
Smaller working-capital items
+€44,816
Other debts
-€241,203
Accrued charges and deferred income
-€289,207
Investment (derived)
+€9.6m
Investment in fixed assets (net)
+€10.7m
Current investments
-€1.1m
Financing
-€9.6m
Debts after one year
-€425,900
Current portion of long-term debt
+€15,388
Short-term financial debts
+€1.0m
Contributions, distributions and other
-€10.2m
Cash 2025
€2.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,455,480 | €30,737,877 | -€9.7m | -24.0% |
| Fixed assets | 21/28 | €30,969,183 | €20,070,313 | -€10.9m | -35.2% |
| Tangible fixed assets | 22/27 | €3,996,078 | €3,942,025 | -€54,053 | -1.4% |
| Land and buildings | 22 | €3,499,049 | €3,392,690 | -€106,359 | -3.0% |
| Plant, machinery and equipment | 23 | €22,183 | €19,499 | -€2,684 | -12.1% |
| Furniture and vehicles | 24 | €42,523 | €2,010 | -€40,513 | -95.3% |
| Leasing and similar rights | 25 | €70,972 | €177,872 | +€106,900 | +151% |
| Other tangible fixed assets | 26 | €361,350 | €349,953 | -€11,397 | -3.2% |
| Financial fixed assets | 28 | €26,973,105 | €16,128,288 | -€10.8m | -40.2% |
| Affiliated companies | 280/1 | €26,918,767 | €16,073,950 | -€10.8m | -40.3% |
| Participating interests | 280 | €21,238,767 | €11,997,290 | -€9.2m | -43.5% |
| Amounts receivable | 281 | €5,680,000 | €4,076,660 | -€1.6m | -28.2% |
| Companies linked by participating interests | 282/3 | €50,000 | €50,000 | = | 0.0% |
| Participating interests | 282 | €50,000 | €50,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,338 | €4,338 | = | 0.0% |
| Shares | 284 | €4,338 | €4,338 | = | 0.0% |
| Current assets | 29/58 | €9,486,297 | €10,667,564 | +€1.2m | +12.5% |
| Amounts receivable after more than one year | 29 | €4,923,342 | €4,757,002 | -€166,340 | -3.4% |
| Other amounts receivable | 291 | €4,923,342 | €4,757,002 | -€166,340 | -3.4% |
| Amounts receivable within one year | 40/41 | €1,068,150 | €682,660 | -€385,490 | -36.1% |
| Trade receivables | 40 | €76,264 | €73,742 | -€2,522 | -3.3% |
| Other amounts receivable | 41 | €991,885 | €608,917 | -€382,968 | -38.6% |
| Current investments | 50/53 | €2,018,382 | €3,160,244 | +€1.1m | +56.6% |
| Other investments | 51/53 | €2,018,382 | €3,160,244 | +€1.1m | +56.6% |
| Cash at bank and in hand | 54/58 | €1,330,965 | €1,998,711 | +€667,746 | +50.2% |
| Deferred charges and accrued income | 490/1 | €145,459 | €68,948 | -€76,511 | -52.6% |
| Total equity and liabilities | 10/49 | €40,455,480 | €30,737,877 | -€9.7m | -24.0% |
| Equity | 10/15 | €35,396,099 | €25,574,601 | -€9.8m | -27.7% |
| Contributions | 10/11 | €12,053,326 | €8,515,353 | -€3.5m | -29.4% |
| Revaluation surpluses | 12 | €514,965 | €514,965 | = | 0.0% |
| Reserves | 13 | €454,248 | €320,914 | -€133,334 | -29.4% |
| Distributable reserves | 133 | €454,248 | €320,914 | -€133,334 | -29.4% |
| Profit (loss) carried forward | 14 | €22,373,560 | €16,223,369 | -€6.2m | -27.5% |
| Amounts payable | 17/49 | €5,059,381 | €5,163,276 | +€103,894 | +2.1% |
| Amounts payable after more than one year | 17 | €3,877,858 | €3,451,958 | -€425,900 | -11.0% |
| Financial debts | 170/4 | €315,608 | €264,708 | -€50,900 | -16.1% |
| Leasing and similar obligations | 172 | €38,108 | €77,208 | +€39,100 | +103% |
| Credit institutions | 173 | €277,500 | €187,500 | -€90,000 | -32.4% |
| Other amounts payable | 178/9 | €3,562,250 | €3,187,250 | -€375,000 | -10.5% |
| Amounts payable within one year | 42/48 | €805,150 | €1,624,151 | +€819,002 | +102% |
| Current portion of amounts payable after more than one year | 42 | €144,133 | €159,521 | +€15,388 | +10.7% |
| Financial debts | 43 | - | €1,000,000 | +€1.0m | |
| Credit institutions | 430/8 | - | €1,000,000 | +€1.0m | |
| Trade debts | 44 | €32,738 | €57,716 | +€24,979 | +76.3% |
| Suppliers | 440/4 | €32,738 | €57,716 | +€24,979 | +76.3% |
| Taxes, remuneration and social security | 45 | €151,224 | €171,061 | +€19,837 | +13.1% |
| Taxes | 450/3 | €117,792 | €148,701 | +€30,909 | +26.2% |
| Remuneration and social security | 454/9 | €33,432 | €22,360 | -€11,072 | -33.1% |
| Other amounts payable | 47/48 | €477,055 | €235,852 | -€241,203 | -50.6% |
| Accrued charges and deferred income | 492/3 | €376,374 | €87,166 | -€289,207 | -76.8% |
| Operating income | 70/76A | €809,146 | €736,745 | -€72,401 | -8.9% |
| Turnover | 70 | €778,832 | €653,991 | -€124,841 | -16.0% |
| Other operating income | 74 | €30,314 | €44,591 | +€14,277 | +47.1% |
| Non-recurring operating income | 76A | - | €38,163 | +€38,163 | |
| Operating charges | 60/66A | €812,687 | €692,529 | -€120,158 | -14.8% |
| Services and other goods | 61 | €330,642 | €287,197 | -€43,445 | -13.1% |
| Remuneration, social security and pensions | 62 | €302,540 | €210,524 | -€92,016 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,172 | €159,680 | +€3,507 | +2.2% |
| Other operating charges | 640/8 | €14,573 | €35,127 | +€20,554 | +141% |
| Non-recurring operating charges | 66A | €8,759 | - | -€8,759 | |
| Operating profit (loss) | 9901 | -€3,541 | €44,217 | +€47,758 | |
| Financial income | 75/76B | €2,715,449 | €638,017 | -€2.1m | -76.5% |
| Recurring financial income | 75 | €1,764,178 | €477,719 | -€1.3m | -72.9% |
| Income from financial fixed assets | 750 | €1,516,253 | €314,564 | -€1.2m | -79.3% |
| Income from current assets | 751 | - | €23,010 | +€23,010 | |
| Other financial income | 752/9 | €247,926 | €140,145 | -€107,781 | -43.5% |
| Non-recurring financial income | 76B | €951,271 | €160,298 | -€790,973 | -83.1% |
| Financial charges | 65/66B | €561,030 | €141,120 | -€419,910 | -74.8% |
| Recurring financial charges | 65 | €561,030 | €141,120 | -€419,910 | -74.8% |
| Debt charges | 650 | €319,637 | €247,551 | -€72,086 | -22.6% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €28,084 | -€128,470 | -€156,553 | |
| Other financial charges | 652/9 | €213,309 | €22,039 | -€191,271 | -89.7% |
| Profit (loss) for the period before taxes | 9903 | €2,150,878 | €541,114 | -€1.6m | -74.8% |
| Income taxes | 67/77 | €113,714 | €124,067 | +€10,353 | +9.1% |
| Taxes | 670/3 | €113,714 | €124,067 | +€10,353 | +9.1% |
| Profit (loss) for the period | 9904 | €2,037,164 | €417,047 | -€1.6m | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,037,164 | €417,047 | -€1.6m | -79.5% |
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.