SOGECE: what changed
Two fiscal 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.
SOGECE
Largest movements
- Cash +€98,373
up €98,373 (+31.0%), from €317,488 to €415,861
mainly Net result for the year (+€100,929) and Depreciation (+€18,551)
- Tangible fixed assets -€11,302
down €11,302 (-21.7%), from €52,112 to €40,810
of which Furniture and vehicles: -€9,297
- Deferred charges and accrued income +€6,901
up €6,901 (+60.6%), from €11,385 to €18,286
- Receivables within one year -€6,671
down €6,671 (-8.8%), from €75,626 to €68,954
of which Trade receivables: -€23,381
- Reserves +€100,000
up €100,000 (+25.6%), from €390,710 to €490,710
of which Distributable reserves: +€101,860
- Debts after one year -€7,562
down €7,562 (-43.4%), from €17,407 to €9,845
- Tax, wage and social debts -€6,610
down €6,610 (-36.7%), from €18,031 to €11,420
of which Taxes: -€6,609
- Gross operating margin +€68,359
up €68,359 (+57.0%), from €119,907 to €188,266
- Taxes +€29,051
up €29,051 (+106.0%), from €27,418 to €56,469
- Depreciation -€2,854
down €2,854 (-13.3%), from €21,405 to €18,551
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.
Cash bridge derived
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 | €456,661 | €543,961 | +€87,300 | +19.1% |
| Fixed assets | 21/28 | €52,162 | €40,860 | -€11,302 | -21.7% |
| Tangible fixed assets | 22/27 | €52,112 | €40,810 | -€11,302 | -21.7% |
| Land and buildings | 22 | €86 | - | -€86 | |
| Plant, machinery and equipment | 23 | €1,558 | €1,044 | -€514 | -33.0% |
| Furniture and vehicles | 24 | €45,866 | €36,569 | -€9,297 | -20.3% |
| Other tangible fixed assets | 26 | €4,602 | €3,196 | -€1,406 | -30.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €404,499 | €503,101 | +€98,602 | +24.4% |
| Amounts receivable within one year | 40/41 | €75,626 | €68,954 | -€6,671 | -8.8% |
| Trade receivables | 40 | €75,445 | €52,064 | -€23,381 | -31.0% |
| Other amounts receivable | 41 | €181 | €16,890 | +€16,709 | +9222.0% |
| Cash at bank and in hand | 54/58 | €317,488 | €415,861 | +€98,373 | +31.0% |
| Deferred charges and accrued income | 490/1 | €11,385 | €18,286 | +€6,901 | +60.6% |
| Total equity and liabilities | 10/49 | €456,661 | €543,961 | +€87,300 | +19.1% |
| Equity | 10/15 | €396,999 | €497,095 | +€100,096 | +25.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €390,710 | €490,710 | +€100,000 | +25.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €388,850 | €490,710 | +€101,860 | +26.2% |
| Profit (loss) carried forward | 14 | €83 | €179 | +€96 | +114.9% |
| Amounts payable | 17/49 | €59,662 | €46,866 | -€12,796 | -21.4% |
| Amounts payable after more than one year | 17 | €17,407 | €9,845 | -€7,562 | -43.4% |
| Financial debts | 170/4 | €17,407 | €9,845 | -€7,562 | -43.4% |
| Amounts payable within one year | 42/48 | €41,070 | €36,717 | -€4,353 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €7,293 | €7,562 | +€268 | +3.7% |
| Trade debts | 44 | €4,801 | €7,364 | +€2,563 | +53.4% |
| Suppliers | 440/4 | €4,801 | €7,364 | +€2,563 | +53.4% |
| Taxes, remuneration and social security | 45 | €18,031 | €11,420 | -€6,610 | -36.7% |
| Taxes | 450/3 | €16,609 | €10,000 | -€6,609 | -39.8% |
| Remuneration and social security | 454/9 | €1,422 | €1,420 | -€1 | -0.1% |
| Other amounts payable | 47/48 | €10,945 | €10,370 | -€575 | -5.3% |
| Accrued charges and deferred income | 492/3 | €1,185 | €304 | -€881 | -74.3% |
| Remuneration, social security and pensions | 62 | €11,833 | €11,013 | -€820 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,405 | €18,551 | -€2,854 | -13.3% |
| Other operating charges | 640/8 | €3,324 | €1,796 | -€1,528 | -46.0% |
| Non-recurring operating charges | 66A | €3,069 | €3,173 | +€104 | +3.4% |
| Gross operating margin | 9900 | €119,907 | €188,266 | +€68,359 | +57.0% |
| Operating profit (loss) | 9901 | €80,277 | €153,734 | +€73,457 | +91.5% |
| Financial income | 75/76B | €3,894 | €4,771 | +€878 | +22.5% |
| Recurring financial income | 75 | €3,894 | €4,771 | +€878 | +22.5% |
| Financial charges | 65/66B | €980 | €1,107 | +€127 | +13.0% |
| Recurring financial charges | 65 | €980 | €1,107 | +€127 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €83,191 | €157,398 | +€74,207 | +89.2% |
| Income taxes | 67/77 | €27,418 | €56,469 | +€29,051 | +106.0% |
| Profit (loss) for the period | 9904 | €55,773 | €100,929 | +€45,156 | +81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,773 | €100,929 | +€45,156 | +81.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.