SOGAMED: 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.
SOGAMED
Largest movements
- Cash +€123,616
up €123,616 (+64.9%), from €190,449 to €314,066
mainly Net result for the year (+€99,360) and Tax, wage and social debts (+€32,596)
- Deferred charges and accrued income -€17,268
down €17,268 (-98.8%), from €17,470 to €203
- Receivables within one year -€15,267
down €15,267 (-31.3%), from €48,733 to €33,466
of which Other amounts receivable: -€18,584
- Tangible fixed assets -€14,257
down €14,257 (-54.4%), from €26,221 to €11,964
of which Furniture and vehicles: -€9,554
- Reserves +€59,566
up €59,566 (+29.8%), from €199,976 to €259,542
of which Distributable reserves: +€59,566
- Tax, wage and social debts +€32,596
up €32,596 (+283%), from €11,525 to €44,121
of which Taxes: +€31,096
- Trade debts -€16,817
down €16,817 (-85.1%), from €19,771 to €2,953
- Gross operating margin +€65,112
up €65,112 (+63.8%), from €102,095 to €167,206
- Taxes +€30,396
up €30,396 (+145%), from €20,925 to €51,321
- Depreciation -€12,204
down €12,204 (-46.1%), from €26,462 to €14,257
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 | €282,874 | €359,699 | +€76,825 | +27.2% |
| Fixed assets | 21/28 | €26,221 | €11,964 | -€14,257 | -54.4% |
| Tangible fixed assets | 22/27 | €26,221 | €11,964 | -€14,257 | -54.4% |
| Plant, machinery and equipment | 23 | €7,390 | €2,687 | -€4,703 | -63.6% |
| Furniture and vehicles | 24 | €18,831 | €9,277 | -€9,554 | -50.7% |
| Current assets | 29/58 | €256,653 | €347,735 | +€91,082 | +35.5% |
| Amounts receivable within one year | 40/41 | €48,733 | €33,466 | -€15,267 | -31.3% |
| Trade receivables | 40 | €30,149 | €33,466 | +€3,317 | +11.0% |
| Other amounts receivable | 41 | €18,584 | - | -€18,584 | |
| Cash at bank and in hand | 54/58 | €190,449 | €314,066 | +€123,616 | +64.9% |
| Deferred charges and accrued income | 490/1 | €17,470 | €203 | -€17,268 | -98.8% |
| Total equity and liabilities | 10/49 | €282,874 | €359,699 | +€76,825 | +27.2% |
| Equity | 10/15 | €212,575 | €272,501 | +€59,926 | +28.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €199,976 | €259,542 | +€59,566 | +29.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €197,976 | €257,542 | +€59,566 | +30.1% |
| Profit (loss) carried forward | 14 | €199 | €559 | +€360 | +181% |
| Amounts payable | 17/49 | €70,299 | €87,198 | +€16,898 | +24.0% |
| Amounts payable within one year | 42/48 | €70,299 | €87,073 | +€16,774 | +23.9% |
| Trade debts | 44 | €19,771 | €2,953 | -€16,817 | -85.1% |
| Suppliers | 440/4 | €19,771 | €2,953 | -€16,817 | -85.1% |
| Taxes, remuneration and social security | 45 | €11,525 | €44,121 | +€32,596 | +283% |
| Taxes | 450/3 | €11,525 | €42,621 | +€31,096 | +270% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €39,004 | €39,999 | +€995 | +2.6% |
| Accrued charges and deferred income | 492/3 | - | €125 | +€125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,462 | €14,257 | -€12,204 | -46.1% |
| Other operating charges | 640/8 | €1,525 | €1,636 | +€112 | +7.3% |
| Gross operating margin | 9900 | €102,095 | €167,206 | +€65,112 | +63.8% |
| Operating profit (loss) | 9901 | €74,109 | €151,313 | +€77,204 | +104% |
| Financial income | 75/76B | €969 | €578 | -€391 | -40.3% |
| Recurring financial income | 75 | €969 | €578 | -€391 | -40.3% |
| Financial charges | 65/66B | €1,357 | €1,210 | -€147 | -10.8% |
| Recurring financial charges | 65 | €1,357 | €1,210 | -€147 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €73,721 | €150,681 | +€76,961 | +104% |
| Income taxes | 67/77 | €20,925 | €51,321 | +€30,396 | +145% |
| Profit (loss) for the period | 9904 | €52,796 | €99,360 | +€46,565 | +88.2% |
| Profit (loss) for the period to be appropriated | 9905 | €52,796 | €99,360 | +€46,565 | +88.2% |
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 23 October 2026 via checked.be.