SOGASOA: 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.
SOGASOA
Largest movements
- Cash -€70,757
down €70,757 (-31.4%), from €225,473 to €154,716
mainly Contributions, distributions and other (-€215,000) and Other debts (-€166,057)
- Reserves +€250,000
up €250,000 (+52.4%), from €477,500 to €727,500
- Other debts -€166,057
down €166,057 (-23.9%), from €693,737 to €527,680
- Profit (loss) carried forward -€155,953
down €155,953 (-35.5%), from €439,401 to €283,448
- Financial income -€39,457
down €39,457 (-16.4%), from €240,390 to €200,933
- Gross operating margin -€10,646
down €10,646 (-5.1%), from €208,671 to €198,025
- Financial charges -€6,356
down €6,356 (-26.6%), from €23,879 to €17,523
- Taxes -€2,216
down €2,216 (-3.2%), from €68,698 to €66,482
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 | €1,932,093 | €1,871,608 | -€60,485 | -3.1% |
| Fixed assets | 21/28 | €1,608,895 | €1,607,983 | -€912 | -0.1% |
| Tangible fixed assets | 22/27 | €8,780 | €7,868 | -€912 | -10.4% |
| Plant, machinery and equipment | 23 | €8,696 | €7,464 | -€1,232 | -14.2% |
| Furniture and vehicles | 24 | €84 | €404 | +€320 | +381% |
| Financial fixed assets | 28 | €1,600,115 | €1,600,115 | = | 0.0% |
| Current assets | 29/58 | €323,198 | €263,625 | -€59,573 | -18.4% |
| Amounts receivable within one year | 40/41 | €93,894 | €104,741 | +€10,847 | +11.6% |
| Trade receivables | 40 | €48,797 | €67,232 | +€18,435 | +37.8% |
| Other amounts receivable | 41 | €45,097 | €37,509 | -€7,588 | -16.8% |
| Cash at bank and in hand | 54/58 | €225,473 | €154,716 | -€70,757 | -31.4% |
| Deferred charges and accrued income | 490/1 | €3,831 | €4,168 | +€337 | +8.8% |
| Total equity and liabilities | 10/49 | €1,932,093 | €1,871,608 | -€60,485 | -3.1% |
| Equity | 10/15 | €1,191,901 | €1,285,948 | +€94,047 | +7.9% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Reserves | 13 | €477,500 | €727,500 | +€250,000 | +52.4% |
| Distributable reserves | 133 | €477,500 | €727,500 | +€250,000 | +52.4% |
| Profit (loss) carried forward | 14 | €439,401 | €283,448 | -€155,953 | -35.5% |
| Amounts payable | 17/49 | €740,192 | €585,660 | -€154,532 | -20.9% |
| Amounts payable within one year | 42/48 | €740,192 | €585,660 | -€154,532 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €16,250 | €16,250 | = | 0.0% |
| Trade debts | 44 | €543 | €901 | +€358 | +65.9% |
| Suppliers | 440/4 | €543 | €901 | +€358 | +65.9% |
| Taxes, remuneration and social security | 45 | €29,662 | €40,829 | +€11,167 | +37.6% |
| Taxes | 450/3 | €29,662 | €40,829 | +€11,167 | +37.6% |
| Other amounts payable | 47/48 | €693,737 | €527,680 | -€166,057 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,502 | €1,432 | -€70 | -4.7% |
| Other operating charges | 640/8 | €4,439 | €4,411 | -€28 | -0.6% |
| Non-recurring operating charges | 66A | €366 | €63 | -€303 | -82.8% |
| Gross operating margin | 9900 | €208,671 | €198,025 | -€10,646 | -5.1% |
| Operating profit (loss) | 9901 | €202,364 | €192,119 | -€10,245 | -5.1% |
| Financial income | 75/76B | €240,390 | €200,933 | -€39,457 | -16.4% |
| Recurring financial income | 75 | €240,390 | €200,933 | -€39,457 | -16.4% |
| Financial charges | 65/66B | €23,879 | €17,523 | -€6,356 | -26.6% |
| Recurring financial charges | 65 | €23,879 | €17,523 | -€6,356 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €418,875 | €375,529 | -€43,346 | -10.3% |
| Income taxes | 67/77 | €68,698 | €66,482 | -€2,216 | -3.2% |
| Profit (loss) for the period | 9904 | €350,177 | €309,047 | -€41,130 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €350,177 | €309,047 | -€41,130 | -11.7% |
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 24 October 2026 via checked.be.