SOGA: what changed
Two fiscal 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
SOGA
NACE 81.300, Landscape service activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.2m
2024 · €4.7m-€1.4m
Equity
€24.5m
2024 · €21.3m+€3.2m
Cash
€5.3m
2024 · €4.8m+€492,523
Balance sheet total
€36.5m
2024 · €33.3m+€3.2m
Largest movements
Assets
- Receivables within one year +€4.5m
up €4.5m (+22.4%), from €20.0m to €24.5m
of which Other amounts receivable: +€2.5m
- Current investments -€2.5m
down €2.5m (-71.4%), from €3.5m to €1.0m
- Tangible fixed assets +€714,592
up €714,592 (+19.6%), from €3.6m to €4.4m
of which Leasing and similar rights: +€914,681
- Cash +€492,523
up €492,523 (+10.3%), from €4.8m to €5.3m
mainly Net result for the year (+€3.2m) and Current investments (+€2.5m)
Equity and liabilities
- Reserves +€3.2m
up €3.2m (+21.2%), from €15.3m to €18.5m
of which Distributable reserves: +€3.2m
- Trade debts -€1.1m
down €1.1m (-11.2%), from €9.5m to €8.5m
- Tax, wage and social debts +€439,532
up €439,532 (+38.8%), from €1.1m to €1.6m
of which Taxes: +€278,760
Income statement
- Turnover -€38.0m
down €38.0m (-41.2%), from €92.3m to €54.3m
- Goods and materials -€22.3m
down €22.3m (-42.5%), from €52.6m to €30.3m
of which Purchases: -€22.2m
- Staff costs -€6.5m
down €6.5m (-39.3%), from €16.4m to €10.0m
- Services and other goods -€6.3m
down €6.3m (-39.5%), from €15.9m to €9.6m
- Depreciation -€1.7m
down €1.7m (-64.3%), from €2.6m to €942,685
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
€4.7m
Turnover
-€38.0m
Other operating income
-€683,791
Goods and materials
+€22.3m
Services and other goods
+€6.3m
Staff costs
+€6.5m
Depreciation
+€1.7m
Provisions
-€20,000
Other operating charges
+€44,181
Financial income
+€24,221
Financial charges
-€16,528
Taxes
+€421,593
Result 2025
€3.2m
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.
From operations
-€1.1m
Investment
+€947,695
Financing
+€595,590
Cash 2024
€4.8m
From operations (derived)
-€1.1m
Net result for the year
+€3.2m
Depreciation
+€942,685
Receivables within one year
-€4.5m
Deferred charges and accrued income
-€107,002
Trade debts
-€1.1m
Tax, wage and social debts
+€439,532
Other debts
-€20,276
Investment (derived)
+€947,695
Investment in fixed assets (net)
-€1.6m
Current investments
+€2.5m
Financing
+€595,590
Debts after one year
+€345,251
Current portion of long-term debt
+€250,339
Cash 2025
€5.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,329,197 | €36,519,478 | +€3.2m | +9.6% |
| Fixed assets | 21/28 | €4,859,020 | €5,468,640 | +€609,620 | +12.5% |
| Intangible fixed assets | 21 | €582,177 | €460,087 | -€122,090 | -21.0% |
| Tangible fixed assets | 22/27 | €3,648,206 | €4,362,798 | +€714,592 | +19.6% |
| Plant, machinery and equipment | 23 | €667,801 | €498,394 | -€169,407 | -25.4% |
| Furniture and vehicles | 24 | €1,859,113 | €1,837,845 | -€21,268 | -1.1% |
| Leasing and similar rights | 25 | €1,074,646 | €1,989,326 | +€914,681 | +85.1% |
| Other tangible fixed assets | 26 | €46,646 | €37,233 | -€9,413 | -20.2% |
| Financial fixed assets | 28 | €628,637 | €645,755 | +€17,118 | +2.7% |
| Affiliated companies | 280/1 | €0 | - | = | |
| Participating interests | 280 | €0 | - | = | |
| Amounts receivable | 281 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €628,637 | €645,755 | +€17,118 | +2.7% |
| Shares | 284 | €57,875 | €57,875 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €570,762 | €587,880 | +€17,118 | +3.0% |
| Current assets | 29/58 | €28,470,176 | €31,050,838 | +€2.6m | +9.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €19,993,681 | €24,474,818 | +€4.5m | +22.4% |
| Trade receivables | 40 | €19,479,821 | €21,465,666 | +€2.0m | +10.2% |
| Other amounts receivable | 41 | €513,860 | €3,009,152 | +€2.5m | +485.6% |
| Current investments | 50/53 | €3,500,000 | €1,000,000 | -€2.5m | -71.4% |
| Other investments | 51/53 | €3,500,000 | €1,000,000 | -€2.5m | -71.4% |
| Cash at bank and in hand | 54/58 | €4,799,731 | €5,292,254 | +€492,523 | +10.3% |
| Deferred charges and accrued income | 490/1 | €176,764 | €283,766 | +€107,002 | +60.5% |
| Total equity and liabilities | 10/49 | €33,329,197 | €36,519,478 | +€3.2m | +9.6% |
| Equity | 10/15 | €21,261,980 | €24,505,620 | +€3.2m | +15.3% |
| Contributions | 10/11 | €405,648 | €405,648 | = | 0.0% |
| Capital | 10 | €405,648 | €405,648 | = | 0.0% |
| Issued capital | 100 | €405,648 | €405,648 | = | 0.0% |
| Reserves | 13 | €15,285,194 | €18,528,834 | +€3.2m | +21.2% |
| Non-distributable reserves | 130/1 | €40,565 | €40,565 | = | 0.0% |
| Legal reserve | 130 | €40,565 | €40,565 | = | 0.0% |
| Distributable reserves | 133 | €15,244,629 | €18,488,269 | +€3.2m | +21.3% |
| Profit (loss) carried forward | 14 | €5,571,137 | €5,571,137 | = | 0.0% |
| Amounts payable | 17/49 | €12,067,217 | €12,013,858 | -€53,359 | -0.4% |
| Amounts payable after more than one year | 17 | €878,766 | €1,224,016 | +€345,251 | +39.3% |
| Financial debts | 170/4 | €878,766 | €1,224,016 | +€345,251 | +39.3% |
| Leasing and similar obligations | 172 | €758,868 | €1,191,832 | +€432,964 | +57.1% |
| Credit institutions | 173 | €119,898 | €32,185 | -€87,713 | -73.2% |
| Amounts payable within one year | 42/48 | €11,188,452 | €10,789,842 | -€398,610 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €400,323 | €650,662 | +€250,339 | +62.5% |
| Trade debts | 44 | €9,546,455 | €8,478,250 | -€1.1m | -11.2% |
| Suppliers | 440/4 | €9,546,455 | €8,478,250 | -€1.1m | -11.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,131,966 | €1,571,498 | +€439,532 | +38.8% |
| Taxes | 450/3 | €102,242 | €381,002 | +€278,760 | +272.6% |
| Remuneration and social security | 454/9 | €1,029,724 | €1,190,497 | +€160,772 | +15.6% |
| Other amounts payable | 47/48 | €109,707 | €89,431 | -€20,276 | -18.5% |
| Operating income | 70/76A | €93,916,197 | €55,246,971 | -€38.7m | -41.2% |
| Turnover | 70 | €92,307,018 | €54,321,584 | -€38.0m | -41.2% |
| Other operating income | 74 | €1,609,179 | €925,388 | -€683,791 | -42.5% |
| Operating charges | 60/66A | €87,664,323 | €50,858,898 | -€36.8m | -42.0% |
| Goods for resale, raw materials and consumables | 60 | €52,609,854 | €30,268,343 | -€22.3m | -42.5% |
| Purchases | 600/8 | €52,472,148 | €30,268,343 | -€22.2m | -42.3% |
| Change in stocks: decrease (increase) | 609 | €137,706 | - | -€137,706 | |
| Services and other goods | 61 | €15,899,133 | €9,611,145 | -€6.3m | -39.5% |
| Remuneration, social security and pensions | 62 | €16,420,911 | €9,968,175 | -€6.5m | -39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,641,695 | €942,685 | -€1.7m | -64.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€20,000 | - | +€20,000 | |
| Other operating charges | 640/8 | €112,731 | €68,550 | -€44,181 | -39.2% |
| Operating profit (loss) | 9901 | €6,251,874 | €4,388,073 | -€1.9m | -29.8% |
| Financial income | 75/76B | €142,208 | €166,429 | +€24,221 | +17.0% |
| Recurring financial income | 75 | €142,208 | €166,429 | +€24,221 | +17.0% |
| Income from financial fixed assets | 750 | €56,168 | €104,135 | +€47,967 | +85.4% |
| Income from current assets | 751 | €70,954 | €18,567 | -€52,387 | -73.8% |
| Other financial income | 752/9 | €15,086 | €43,727 | +€28,641 | +189.9% |
| Financial charges | 65/66B | €77,963 | €94,491 | +€16,528 | +21.2% |
| Recurring financial charges | 65 | €77,963 | €94,491 | +€16,528 | +21.2% |
| Debt charges | 650 | €77,932 | €92,231 | +€14,298 | +18.3% |
| Other financial charges | 652/9 | €31 | €2,261 | +€2,230 | +7297.0% |
| Profit (loss) for the period before taxes | 9903 | €6,316,119 | €4,460,011 | -€1.9m | -29.4% |
| Income taxes | 67/77 | €1,637,964 | €1,216,370 | -€421,593 | -25.7% |
| Taxes | 670/3 | €1,681,035 | €1,216,370 | -€464,664 | -27.6% |
| Tax adjustments and reversals of tax provisions | 77 | €43,071 | - | -€43,071 | |
| Profit (loss) for the period | 9904 | €4,678,155 | €3,243,640 | -€1.4m | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,678,155 | €3,243,640 | -€1.4m | -30.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.