SOGECLEAU: 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.
SOGECLEAU
Largest movements
- Tangible fixed assets +€77,715
up €77,715 (+34.5%), from €225,220 to €302,935
of which Leasing and similar rights: +€47,600
- Receivables within one year +€32,511
up €32,511 (+647%), from €5,023 to €37,533
of which Trade receivables: +€31,471
- Cash +€21,312
up €21,312 (+142%), from €14,991 to €36,303
mainly Contributions, distributions and other (+€81,400) and Depreciation (+€36,621)
- Contributions +€81,400
up €81,400 (+438%), from €18,600 to €100,000
- Debts after one year +€35,826
up €35,826 (+29.9%), from €120,000 to €155,826
- Current portion of long-term debt +€11,772
new in 2025: €11,772
- Gross operating margin +€30,280
up €30,280 (+117%), from €25,935 to €56,215
- Depreciation +€20,002
up €20,002 (+120%), from €16,619 to €36,621
- Other operating charges +€3,620
up €3,620 (+141%), from €2,562 to €6,182
- Taxes +€1,271
up €1,271 (+998%), from €127 to €1,398
- Financial charges +€1,012
up €1,012 (+8.9%), from €11,334 to €12,346
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 | €246,207 | €378,030 | +€131,824 | +53.5% |
| Fixed assets | 21/28 | €225,220 | €302,935 | +€77,715 | +34.5% |
| Tangible fixed assets | 22/27 | €225,220 | €302,935 | +€77,715 | +34.5% |
| Land and buildings | 22 | €199,702 | €233,080 | +€33,378 | +16.7% |
| Plant, machinery and equipment | 23 | €1,867 | €1,461 | -€406 | -21.7% |
| Furniture and vehicles | 24 | €23,651 | €20,794 | -€2,857 | -12.1% |
| Leasing and similar rights | 25 | - | €47,600 | +€47,600 | |
| Current assets | 29/58 | €20,986 | €75,095 | +€54,109 | +258% |
| Amounts receivable within one year | 40/41 | €5,023 | €37,533 | +€32,511 | +647% |
| Trade receivables | 40 | €150 | €31,621 | +€31,471 | +20,981% |
| Other amounts receivable | 41 | €4,873 | €5,912 | +€1,040 | +21.3% |
| Cash at bank and in hand | 54/58 | €14,991 | €36,303 | +€21,312 | +142% |
| Deferred charges and accrued income | 490/1 | €972 | €1,259 | +€286 | +29.5% |
| Total equity and liabilities | 10/49 | €246,207 | €378,030 | +€131,824 | +53.5% |
| Equity | 10/15 | €104,762 | €186,337 | +€81,575 | +77.9% |
| Contributions | 10/11 | €18,600 | €100,000 | +€81,400 | +438% |
| Reserves | 13 | €88,208 | €88,208 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,223 | €12,223 | = | 0.0% |
| Distributable reserves | 133 | €75,985 | €75,985 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,046 | -€1,870 | +€175 | +8.6% |
| Amounts payable | 17/49 | €141,444 | €191,693 | +€50,249 | +35.5% |
| Amounts payable after more than one year | 17 | €120,000 | €155,826 | +€35,826 | +29.9% |
| Financial debts | 170/4 | €120,000 | €155,826 | +€35,826 | +29.9% |
| Amounts payable within one year | 42/48 | €11,665 | €25,891 | +€14,226 | +122% |
| Current portion of amounts payable after more than one year | 42 | - | €11,772 | +€11,772 | |
| Trade debts | 44 | €726 | €1,832 | +€1,106 | +152% |
| Suppliers | 440/4 | €726 | €1,832 | +€1,106 | +152% |
| Taxes, remuneration and social security | 45 | €8,489 | €12,184 | +€3,695 | +43.5% |
| Taxes | 450/3 | €8,489 | €12,184 | +€3,695 | +43.5% |
| Other amounts payable | 47/48 | €2,450 | €103 | -€2,346 | -95.8% |
| Accrued charges and deferred income | 492/3 | €9,779 | €9,976 | +€196 | +2.0% |
| Non-recurring operating income | 76A | - | €7,000 | +€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,619 | €36,621 | +€20,002 | +120% |
| Other operating charges | 640/8 | €2,562 | €6,182 | +€3,620 | +141% |
| Gross operating margin | 9900 | €25,935 | €56,215 | +€30,280 | +117% |
| Operating profit (loss) | 9901 | €6,754 | €13,412 | +€6,658 | +98.6% |
| Financial income | 75/76B | - | €507 | +€507 | |
| Recurring financial income | 75 | - | €507 | +€507 | |
| Financial charges | 65/66B | €11,334 | €12,346 | +€1,012 | +8.9% |
| Recurring financial charges | 65 | €11,334 | €12,346 | +€1,012 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,580 | €1,573 | +€6,153 | |
| Income taxes | 67/77 | €127 | €1,398 | +€1,271 | +998% |
| Profit (loss) for the period | 9904 | -€4,707 | €175 | +€4,882 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,707 | €175 | +€4,882 |
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.