SOGADERM: 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.
SOGADERM
Largest movements
- Cash +€69,398
up €69,398 (+35.2%), from €197,028 to €266,426
mainly Net result for the year (+€62,777) and Depreciation (+€7,336)
- Receivables within one year +€3,884
up €3,884 (+949%), from €409 to €4,293
- Tangible fixed assets -€3,018
down €3,018 (-13.0%), from €23,139 to €20,122
of which Plant, machinery and equipment: -€1,625
- Reserves +€62,777
up €62,777 (+61.8%), from €101,500 to €164,277
of which Distributable reserves: +€62,777
- Other debts +€3,841
up €3,841 (+3.7%), from €105,017 to €108,858
- Tax, wage and social debts +€3,299
up €3,299 (+252%), from €1,308 to €4,606
- Gross operating margin +€40,423
up €40,423 (+70.9%), from €57,001 to €97,424
- Taxes +€12,189
up €12,189 (+97.8%), from €12,467 to €24,656
- Depreciation -€4,329
down €4,329 (-37.1%), from €11,665 to €7,336
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 | €223,361 | €292,168 | +€68,807 | +30.8% |
| Fixed assets | 21/28 | €23,139 | €20,122 | -€3,018 | -13.0% |
| Tangible fixed assets | 22/27 | €23,139 | €20,122 | -€3,018 | -13.0% |
| Plant, machinery and equipment | 23 | €19,839 | €18,213 | -€1,625 | -8.2% |
| Furniture and vehicles | 24 | €727 | - | -€727 | |
| Other tangible fixed assets | 26 | €2,574 | €1,908 | -€666 | -25.9% |
| Current assets | 29/58 | €200,222 | €272,047 | +€71,825 | +35.9% |
| Amounts receivable within one year | 40/41 | €409 | €4,293 | +€3,884 | +949% |
| Trade receivables | 40 | €409 | €4,293 | +€3,884 | +949% |
| Cash at bank and in hand | 54/58 | €197,028 | €266,426 | +€69,398 | +35.2% |
| Deferred charges and accrued income | 490/1 | €2,784 | €1,328 | -€1,457 | -52.3% |
| Total equity and liabilities | 10/49 | €223,361 | €292,168 | +€68,807 | +30.8% |
| Equity | 10/15 | €114,151 | €176,928 | +€62,777 | +55.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €101,500 | €164,277 | +€62,777 | +61.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €99,640 | €162,417 | +€62,777 | +63.0% |
| Profit (loss) carried forward | 14 | €251 | €251 | +€0 | 0.0% |
| Amounts payable | 17/49 | €109,210 | €115,240 | +€6,030 | +5.5% |
| Amounts payable within one year | 42/48 | €109,210 | €115,240 | +€6,030 | +5.5% |
| Trade debts | 44 | €2,886 | €1,777 | -€1,109 | -38.4% |
| Suppliers | 440/4 | €2,886 | €1,777 | -€1,109 | -38.4% |
| Taxes, remuneration and social security | 45 | €1,308 | €4,606 | +€3,299 | +252% |
| Taxes | 450/3 | €1,308 | €4,606 | +€3,299 | +252% |
| Other amounts payable | 47/48 | €105,017 | €108,858 | +€3,841 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,665 | €7,336 | -€4,329 | -37.1% |
| Other operating charges | 640/8 | €485 | €500 | +€16 | +3.3% |
| Gross operating margin | 9900 | €57,001 | €97,424 | +€40,423 | +70.9% |
| Operating profit (loss) | 9901 | €44,852 | €89,588 | +€44,736 | +99.7% |
| Financial income | 75/76B | €533 | €1,192 | +€659 | +124% |
| Recurring financial income | 75 | €533 | €1,192 | +€659 | +124% |
| Financial charges | 65/66B | €2,377 | €3,346 | +€969 | +40.8% |
| Recurring financial charges | 65 | €2,377 | €3,346 | +€969 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | €43,007 | €87,433 | +€44,426 | +103% |
| Income taxes | 67/77 | €12,467 | €24,656 | +€12,189 | +97.8% |
| Profit (loss) for the period | 9904 | €30,540 | €62,777 | +€32,237 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €30,540 | €62,777 | +€32,237 | +106% |
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 20 October 2026 via checked.be.