SOGEBAT: 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.
SOGEBAT
Largest movements
- Stocks and contracts +€74,000
up €74,000 (+16.4%), from €452,567 to €526,567
- Receivables within one year +€65,508
up €65,508 (+240%), from €27,277 to €92,785
of which Trade receivables: +€58,605
- Cash +€17,697
up €17,697 (+706%), from €2,506 to €20,203
mainly Other debts (+€93,796) and Trade debts (+€73,127)
- Tangible fixed assets -€7,695
down €7,695 (-12.6%), from €60,841 to €53,145
of which Furniture and vehicles: -€6,941
- Other debts +€93,796
up €93,796 (+56.8%), from €165,108 to €258,904
- Trade debts +€73,127
up €73,127 (+169%), from €43,209 to €116,336
- Debts after one year -€14,517
down €14,517 (-37.2%), from €39,066 to €24,549
- Depreciation +€10,262
up €10,262 (+146%), from €7,027 to €17,289
- Gross operating margin +€8,126
up €8,126 (+56.9%), from €14,287 to €22,413
- Taxes -€1,155
down €1,155 (-65.1%), from €1,775 to €620
- Financial charges +€1,041
up €1,041 (+61.1%), from €1,703 to €2,743
- Staff costs -€911
down €911 (-26.6%), from €3,426 to €2,515
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €543,500 | €693,010 | +€149,509 | +27.5% |
| Fixed assets | 21/28 | €61,114 | €53,419 | -€7,695 | -12.6% |
| Tangible fixed assets | 22/27 | €60,841 | €53,145 | -€7,695 | -12.6% |
| Plant, machinery and equipment | 23 | €1,761 | €1,007 | -€754 | -42.8% |
| Furniture and vehicles | 24 | €59,080 | €52,139 | -€6,941 | -11.7% |
| Financial fixed assets | 28 | €274 | €274 | = | 0.0% |
| Current assets | 29/58 | €482,386 | €639,591 | +€157,205 | +32.6% |
| Stocks and contracts in progress | 3 | €452,567 | €526,567 | +€74,000 | +16.4% |
| Stocks | 30/36 | €452,567 | €526,567 | +€74,000 | +16.4% |
| Amounts receivable within one year | 40/41 | €27,277 | €92,785 | +€65,508 | +240% |
| Trade receivables | 40 | €27,265 | €85,870 | +€58,605 | +215% |
| Other amounts receivable | 41 | €13 | €6,916 | +€6,903 | +54,787% |
| Current investments | 50/53 | €36 | €35 | -€0 | -1.2% |
| Cash at bank and in hand | 54/58 | €2,506 | €20,203 | +€17,697 | +706% |
| Total equity and liabilities | 10/49 | €543,500 | €693,010 | +€149,509 | +27.5% |
| Equity | 10/15 | €272,436 | €271,881 | -€555 | -0.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €229,040 | €229,040 | = | 0.0% |
| Distributable reserves | 133 | €229,040 | €229,040 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,935 | €22,381 | -€555 | -2.4% |
| Amounts payable | 17/49 | €271,065 | €421,129 | +€150,064 | +55.4% |
| Amounts payable after more than one year | 17 | €39,066 | €24,549 | -€14,517 | -37.2% |
| Financial debts | 170/4 | €39,066 | €24,549 | -€14,517 | -37.2% |
| Amounts payable within one year | 42/48 | €231,999 | €396,580 | +€164,581 | +70.9% |
| Current portion of amounts payable after more than one year | 42 | €13,791 | €14,517 | +€726 | +5.3% |
| Trade debts | 44 | €43,209 | €116,336 | +€73,127 | +169% |
| Suppliers | 440/4 | €43,209 | €116,336 | +€73,127 | +169% |
| Taxes, remuneration and social security | 45 | €9,891 | €6,823 | -€3,069 | -31.0% |
| Taxes | 450/3 | €9,891 | €6,823 | -€3,069 | -31.0% |
| Other amounts payable | 47/48 | €165,108 | €258,904 | +€93,796 | +56.8% |
| Remuneration, social security and pensions | 62 | €3,426 | €2,515 | -€911 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,027 | €17,289 | +€10,262 | +146% |
| Other operating charges | 640/8 | €230 | - | -€230 | |
| Gross operating margin | 9900 | €14,287 | €22,413 | +€8,126 | +56.9% |
| Operating profit (loss) | 9901 | €3,604 | €2,609 | -€996 | -27.6% |
| Financial income | 75/76B | €226 | €200 | -€26 | -11.5% |
| Recurring financial income | 75 | €226 | €200 | -€26 | -11.5% |
| Financial charges | 65/66B | €1,703 | €2,743 | +€1,041 | +61.1% |
| Recurring financial charges | 65 | €1,703 | €2,743 | +€1,041 | +61.1% |
| Profit (loss) for the period before taxes | 9903 | €2,128 | €65 | -€2,062 | -96.9% |
| Income taxes | 67/77 | €1,775 | €620 | -€1,155 | -65.1% |
| Profit (loss) for the period | 9904 | €353 | -€555 | -€907 | |
| Profit (loss) for the period to be appropriated | 9905 | €353 | -€555 | -€907 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.