SOGEBO: 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.
SOGEBO
Largest movements
- Receivables within one year +€88,059
up €88,059 (+24.5%), from €359,447 to €447,506
of which Trade receivables: +€93,960
- Cash -€69,401
down €69,401 (-82.0%), from €84,649 to €15,248
mainly Debts after one year (-€125,673) and Receivables within one year (-€88,059)
- Tangible fixed assets -€12,049
down €12,049 (-2.5%), from €490,776 to €478,727
of which Other tangible fixed assets: -€8,612
- Deferred charges and accrued income -€10,843
down €10,843 (-98.5%), from €11,013 to €170
- Other debts +€214,029
up €214,029 (+103%), from €208,178 to €422,207
- Debts after one year -€125,673
down €125,673 (-72.3%), from €173,884 to €48,211
of which Financial debts: -€110,729
- Trade debts -€46,138
down €46,138 (-33.2%), from €139,111 to €92,973
- Current portion of long-term debt -€28,139
down €28,139 (-95.7%), from €29,389 to €1,250
- Tax, wage and social debts -€23,594
down €23,594 (-89.2%), from €26,447 to €2,853
of which Remuneration and social security: -€26,216
- Gross operating margin -€71,495
down €71,495 (-55.4%), from €129,057 to €57,562
- Staff costs -€56,590
down €56,590 (-66.1%), from €85,568 to €28,978
- Depreciation -€20,526
down €20,526 (-60.7%), from €33,822 to €13,296
- Financial charges -€9,645
down €9,645 (-56.3%), from €17,146 to €7,501
- Taxes +€7,329
up €7,329, from -€4,707 to €2,622
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 | €1,016,946 | €1,012,712 | -€4,234 | -0.4% |
| Fixed assets | 21/28 | €530,469 | €518,420 | -€12,049 | -2.3% |
| Tangible fixed assets | 22/27 | €490,776 | €478,727 | -€12,049 | -2.5% |
| Land and buildings | 22 | €369,880 | €369,880 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,776 | €1,600 | -€176 | -9.9% |
| Furniture and vehicles | 24 | €10,747 | €7,486 | -€3,261 | -30.3% |
| Other tangible fixed assets | 26 | €108,373 | €99,761 | -€8,612 | -7.9% |
| Financial fixed assets | 28 | €39,693 | €39,693 | = | 0.0% |
| Current assets | 29/58 | €486,477 | €494,292 | +€7,815 | +1.6% |
| Stocks and contracts in progress | 3 | €31,368 | €31,368 | = | 0.0% |
| Stocks | 30/36 | €31,368 | €31,368 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €359,447 | €447,506 | +€88,059 | +24.5% |
| Trade receivables | 40 | €343,195 | €437,155 | +€93,960 | +27.4% |
| Other amounts receivable | 41 | €16,252 | €10,351 | -€5,901 | -36.3% |
| Cash at bank and in hand | 54/58 | €84,649 | €15,248 | -€69,401 | -82.0% |
| Deferred charges and accrued income | 490/1 | €11,013 | €170 | -€10,843 | -98.5% |
| Total equity and liabilities | 10/49 | €1,016,946 | €1,012,712 | -€4,234 | -0.4% |
| Equity | 10/15 | €439,937 | €444,093 | +€4,156 | +0.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €11,805 | €11,805 | = | 0.0% |
| Reserves | 13 | €152,391 | €155,766 | +€3,375 | +2.2% |
| Non-distributable reserves | 130/1 | €24,196 | €24,196 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,196 | €24,196 | = | 0.0% |
| Tax-exempt reserves | 132 | €77,218 | €80,593 | +€3,375 | +4.4% |
| Distributable reserves | 133 | €50,977 | €50,977 | = | 0.0% |
| Profit (loss) carried forward | 14 | €210,141 | €210,922 | +€781 | +0.4% |
| Investment grants | 15 | €3,600 | €3,600 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €1,125 | +€1,125 | |
| Deferred taxes | 168 | - | €1,125 | +€1,125 | |
| Amounts payable | 17/49 | €577,009 | €567,494 | -€9,515 | -1.6% |
| Amounts payable after more than one year | 17 | €173,884 | €48,211 | -€125,673 | -72.3% |
| Financial debts | 170/4 | €115,007 | €4,278 | -€110,729 | -96.3% |
| Trade debts | 175 | €58,877 | €43,933 | -€14,944 | -25.4% |
| Amounts payable within one year | 42/48 | €403,125 | €519,283 | +€116,158 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €29,389 | €1,250 | -€28,139 | -95.7% |
| Trade debts | 44 | €139,111 | €92,973 | -€46,138 | -33.2% |
| Suppliers | 440/4 | €139,111 | €92,973 | -€46,138 | -33.2% |
| Taxes, remuneration and social security | 45 | €26,447 | €2,853 | -€23,594 | -89.2% |
| Taxes | 450/3 | €231 | €2,853 | +€2,622 | +1,135% |
| Remuneration and social security | 454/9 | €26,216 | - | -€26,216 | |
| Other amounts payable | 47/48 | €208,178 | €422,207 | +€214,029 | +103% |
| Remuneration, social security and pensions | 62 | €85,568 | €28,978 | -€56,590 | -66.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,822 | €13,296 | -€20,526 | -60.7% |
| Other operating charges | 640/8 | €2,119 | €1,034 | -€1,085 | -51.2% |
| Non-recurring operating charges | 66A | €5,809 | €626 | -€5,183 | -89.2% |
| Gross operating margin | 9900 | €129,057 | €57,562 | -€71,495 | -55.4% |
| Operating profit (loss) | 9901 | €1,739 | €13,628 | +€11,889 | +684% |
| Financial income | 75/76B | €3,027 | €1,776 | -€1,251 | -41.3% |
| Recurring financial income | 75 | €3,027 | €1,776 | -€1,251 | -41.3% |
| Financial charges | 65/66B | €17,146 | €7,501 | -€9,645 | -56.3% |
| Recurring financial charges | 65 | €17,146 | €7,501 | -€9,645 | -56.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,380 | €7,903 | +€20,283 | |
| Transfer to deferred taxes | 680 | - | €1,125 | +€1,125 | |
| Income taxes | 67/77 | -€4,707 | €2,622 | +€7,329 | |
| Profit (loss) for the period | 9904 | -€7,673 | €4,156 | +€11,829 | |
| Transfer to tax-exempt reserves | 689 | - | €3,375 | +€3,375 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,673 | €781 | +€8,454 |
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 26 October 2026 via checked.be.