SOGALFA: 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.
SOGALFA
Largest movements
- Receivables within one year +€47,007
up €47,007 (+25.8%), from €182,348 to €229,355
of which Trade receivables: +€39,957
- Advances received +€58,238
up €58,238 (+37.3%), from €156,080 to €214,318
- Trade debts +€35,022
up €35,022 (+154.8%), from €22,625 to €57,647
- Debts after one year -€31,097
down €31,097 (-27.2%), from €114,301 to €83,204
- Tax, wage and social debts -€28,460
down €28,460 (-23.1%), from €123,239 to €94,780
of which Taxes: -€22,085
- Other debts +€22,163
up €22,163 (+1.7%), from €1.3m to €1.3m
- Gross operating margin +€53,078
up €53,078 (+44.8%), from €118,370 to €171,447
- Staff costs +€5,549
up €5,549 (+4.4%), from €127,268 to €132,817
- Financial charges -€2,391
down €2,391 (-9.6%), from €24,820 to €22,429
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 | €2,032,805 | €2,094,892 | +€62,087 | +3.1% |
| Fixed assets | 21/28 | €1,829,210 | €1,831,910 | +€2,699 | +0.1% |
| Tangible fixed assets | 22/27 | €529,210 | €531,910 | +€2,699 | +0.5% |
| Land and buildings | 22 | €525,631 | €525,631 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,579 | €2,330 | -€1,249 | -34.9% |
| Furniture and vehicles | 24 | - | €3,948 | +€3,948 | |
| Financial fixed assets | 28 | €1,300,000 | €1,300,000 | = | 0.0% |
| Current assets | 29/58 | €203,594 | €262,982 | +€59,388 | +29.2% |
| Stocks and contracts in progress | 3 | €19,500 | €19,500 | = | 0.0% |
| Stocks | 30/36 | €19,500 | €19,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €182,348 | €229,355 | +€47,007 | +25.8% |
| Trade receivables | 40 | €177,898 | €217,855 | +€39,957 | +22.5% |
| Other amounts receivable | 41 | €4,449 | €11,499 | +€7,050 | +158.5% |
| Cash at bank and in hand | 54/58 | €1,107 | €12,916 | +€11,809 | +1066.4% |
| Deferred charges and accrued income | 490/1 | €639 | €1,212 | +€572 | +89.5% |
| Total equity and liabilities | 10/49 | €2,032,805 | €2,094,892 | +€62,087 | +3.1% |
| Equity | 10/15 | €308,195 | €316,567 | +€8,372 | +2.7% |
| Contributions | 10/11 | €62,122 | €62,122 | = | 0.0% |
| Capital | 10 | €62,122 | €62,122 | = | 0.0% |
| Issued capital | 100 | €62,122 | €62,122 | = | 0.0% |
| Reserves | 13 | €246,072 | €254,445 | +€8,372 | +3.4% |
| Non-distributable reserves | 130/1 | €6,212 | €6,212 | = | 0.0% |
| Legal reserve | 130 | €6,212 | €6,212 | = | 0.0% |
| Distributable reserves | 133 | €239,860 | €248,233 | +€8,372 | +3.5% |
| Amounts payable | 17/49 | €1,724,610 | €1,778,325 | +€53,715 | +3.1% |
| Amounts payable after more than one year | 17 | €114,301 | €83,204 | -€31,097 | -27.2% |
| Financial debts | 170/4 | €114,301 | €83,204 | -€31,097 | -27.2% |
| Amounts payable within one year | 42/48 | €1,610,310 | €1,695,121 | +€84,811 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €33,249 | €31,097 | -€2,153 | -6.5% |
| Trade debts | 44 | €22,625 | €57,647 | +€35,022 | +154.8% |
| Suppliers | 440/4 | €22,625 | €57,647 | +€35,022 | +154.8% |
| Advances received on contracts in progress | 46 | €156,080 | €214,318 | +€58,238 | +37.3% |
| Taxes, remuneration and social security | 45 | €123,239 | €94,780 | -€28,460 | -23.1% |
| Taxes | 450/3 | €81,225 | €59,141 | -€22,085 | -27.2% |
| Remuneration and social security | 454/9 | €42,014 | €35,639 | -€6,375 | -15.2% |
| Other amounts payable | 47/48 | €1,275,117 | €1,297,280 | +€22,163 | +1.7% |
| Remuneration, social security and pensions | 62 | €127,268 | €132,817 | +€5,549 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,535 | €1,478 | -€1,057 | -41.7% |
| Other operating charges | 640/8 | €4,798 | €6,350 | +€1,553 | +32.4% |
| Gross operating margin | 9900 | €118,370 | €171,447 | +€53,078 | +44.8% |
| Operating profit (loss) | 9901 | -€16,231 | €30,802 | +€47,033 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €24,820 | €22,429 | -€2,391 | -9.6% |
| Recurring financial charges | 65 | €24,820 | €22,429 | -€2,391 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | -€41,051 | €8,372 | +€49,424 | |
| Profit (loss) for the period | 9904 | -€41,051 | €8,372 | +€49,424 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,051 | €8,372 | +€49,424 |
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 10 October 2026 via checked.be.