SOGE: 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.
SOGE
Largest movements
- Current investments +€40,000
new in 2025: €40,000
- Cash -€19,757
down €19,757 (-37.9%), from €52,077 to €32,320
mainly Contributions, distributions and other (-€40,643) and Current investments (-€40,000)
- Tangible fixed assets -€8,900
down €8,900 (-54.6%), from €16,302 to €7,403
of which Furniture and vehicles: -€9,832
- Deferred charges and accrued income +€8,097
up €8,097 (+651%), from €1,244 to €9,340
- Other debts +€30,289
up €30,289 (+464%), from €6,533 to €36,823
- Profit (loss) carried forward -€5,458
down €5,458 (-100%), from €5,458 to €0
- Current portion of long-term debt -€3,442
down €3,442 (-100%), from €3,442 to €0
- Tax, wage and social debts -€1,241
down €1,241 (-11.0%), from €11,332 to €10,091
of which Taxes: -€3,633
- Gross operating margin +€33,931
up €33,931 (+207%), from €16,417 to €50,348
- Taxes +€6,599
up €6,599 (+223%), from €2,958 to €9,557
- Depreciation -€5,125
down €5,125 (-77.7%), from €6,597 to €1,472
- Financial charges +€1,924
up €1,924 (+282%), from €682 to €2,605
- Other operating charges +€1,281
up €1,281 (+151%), from €849 to €2,130
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 | €72,756 | €92,442 | +€19,686 | +27.1% |
| Fixed assets | 21/28 | €17,352 | €8,073 | -€9,280 | -53.5% |
| Intangible fixed assets | 21 | €1,050 | €670 | -€380 | -36.2% |
| Tangible fixed assets | 22/27 | €16,302 | €7,403 | -€8,900 | -54.6% |
| Plant, machinery and equipment | 23 | - | €933 | +€933 | |
| Furniture and vehicles | 24 | €16,302 | €6,470 | -€9,832 | -60.3% |
| Current assets | 29/58 | €55,403 | €84,369 | +€28,966 | +52.3% |
| Amounts receivable within one year | 40/41 | €2,082 | €2,708 | +€626 | +30.1% |
| Trade receivables | 40 | €2,082 | €2,248 | +€166 | +8.0% |
| Other amounts receivable | 41 | - | €461 | +€461 | |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €52,077 | €32,320 | -€19,757 | -37.9% |
| Deferred charges and accrued income | 490/1 | €1,244 | €9,340 | +€8,097 | +651% |
| Total equity and liabilities | 10/49 | €72,756 | €92,442 | +€19,686 | +27.1% |
| Equity | 10/15 | €46,575 | €41,118 | -€5,458 | -11.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €31,118 | €31,118 | = | 0.0% |
| Distributable reserves | 133 | €31,118 | €31,118 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,458 | €0 | -€5,458 | -100% |
| Amounts payable | 17/49 | €26,180 | €51,324 | +€25,144 | +96.0% |
| Amounts payable within one year | 42/48 | €26,180 | €51,324 | +€25,144 | +96.0% |
| Current portion of amounts payable after more than one year | 42 | €3,442 | €0 | -€3,442 | -100% |
| Financial debts | 43 | - | €372 | +€372 | |
| Other loans | 439 | - | €372 | +€372 | |
| Trade debts | 44 | €4,873 | €4,040 | -€834 | -17.1% |
| Suppliers | 440/4 | €4,873 | €4,040 | -€834 | -17.1% |
| Taxes, remuneration and social security | 45 | €11,332 | €10,091 | -€1,241 | -11.0% |
| Taxes | 450/3 | €10,842 | €7,209 | -€3,633 | -33.5% |
| Remuneration and social security | 454/9 | €490 | €2,881 | +€2,391 | +488% |
| Other amounts payable | 47/48 | €6,533 | €36,823 | +€30,289 | +464% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,597 | €1,472 | -€5,125 | -77.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€514 | -€514 | |
| Other operating charges | 640/8 | €849 | €2,130 | +€1,281 | +151% |
| Gross operating margin | 9900 | €16,417 | €50,348 | +€33,931 | +207% |
| Operating profit (loss) | 9901 | €8,971 | €47,259 | +€38,288 | +427% |
| Financial income | 75/76B | €125 | €89 | -€36 | -28.9% |
| Recurring financial income | 75 | €125 | €89 | -€36 | -28.9% |
| Financial charges | 65/66B | €682 | €2,605 | +€1,924 | +282% |
| Recurring financial charges | 65 | €682 | €2,605 | +€1,924 | +282% |
| Profit (loss) for the period before taxes | 9903 | €8,414 | €44,742 | +€36,328 | +432% |
| Income taxes | 67/77 | €2,958 | €9,557 | +€6,599 | +223% |
| Profit (loss) for the period | 9904 | €5,456 | €35,185 | +€29,729 | +545% |
| Profit (loss) for the period to be appropriated | 9905 | €5,456 | €35,185 | +€29,729 | +545% |
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 14 October 2026 via checked.be.