SOGECOM: 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.
SOGECOM
Largest movements
- Cash +€29,498
up €29,498 (+116.5%), from €25,312 to €54,810
mainly Net result for the year (+€44,170) and Depreciation (+€20,125)
- Receivables within one year -€18,743
down €18,743 (-32.9%), from €56,978 to €38,235
of which Trade receivables: -€21,930
- Debts after one year -€52,020
down €52,020 (-62.9%), from €82,766 to €30,747
- Reserves +€44,170
up €44,170 (+13.0%), from €340,243 to €384,412
of which Distributable reserves: +€44,170
- Tax, wage and social debts +€19,501
up €19,501 (+263.1%), from €7,412 to €26,913
- Gross operating margin -€31,056
down €31,056 (-24.6%), from €126,063 to €95,007
- Other operating charges -€15,412
down €15,412 (-67.4%), from €22,862 to €7,450
- Taxes -€2,589
down €2,589 (-14.9%), from €17,403 to €14,814
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 | €801,883 | €807,796 | +€5,913 | +0.7% |
| Fixed assets | 21/28 | €717,606 | €710,157 | -€7,449 | -1.0% |
| Tangible fixed assets | 22/27 | €652,106 | €644,657 | -€7,449 | -1.1% |
| Land and buildings | 22 | €642,968 | €624,944 | -€18,024 | -2.8% |
| Plant, machinery and equipment | 23 | €2,046 | €6,285 | +€4,239 | +207.2% |
| Furniture and vehicles | 24 | €7,092 | €13,428 | +€6,336 | +89.3% |
| Financial fixed assets | 28 | €65,500 | €65,500 | = | 0.0% |
| Current assets | 29/58 | €84,277 | €97,639 | +€13,362 | +15.9% |
| Amounts receivable within one year | 40/41 | €56,978 | €38,235 | -€18,743 | -32.9% |
| Trade receivables | 40 | €56,782 | €34,852 | -€21,930 | -38.6% |
| Other amounts receivable | 41 | €197 | €3,383 | +€3,186 | +1619.5% |
| Cash at bank and in hand | 54/58 | €25,312 | €54,810 | +€29,498 | +116.5% |
| Deferred charges and accrued income | 490/1 | €1,987 | €4,593 | +€2,607 | +131.2% |
| Total equity and liabilities | 10/49 | €801,883 | €807,796 | +€5,913 | +0.7% |
| Equity | 10/15 | €365,243 | €409,412 | +€44,170 | +12.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €340,243 | €384,412 | +€44,170 | +13.0% |
| Tax-exempt reserves | 132 | €21,341 | €21,341 | = | 0.0% |
| Distributable reserves | 133 | €318,901 | €363,071 | +€44,170 | +13.9% |
| Provisions and deferred taxes | 16 | €10,989 | €10,989 | = | 0.0% |
| Deferred taxes | 168 | €10,989 | €10,989 | = | 0.0% |
| Amounts payable | 17/49 | €425,651 | €387,394 | -€38,257 | -9.0% |
| Amounts payable after more than one year | 17 | €82,766 | €30,747 | -€52,020 | -62.9% |
| Financial debts | 170/4 | €82,766 | €30,747 | -€52,020 | -62.9% |
| Amounts payable within one year | 42/48 | €341,430 | €356,648 | +€15,218 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €51,163 | €52,020 | +€857 | +1.7% |
| Financial debts | 43 | €14,666 | €14,654 | -€12 | -0.1% |
| Credit institutions | 430/8 | €14,666 | €14,654 | -€12 | -0.1% |
| Trade debts | 44 | €28,547 | €27,516 | -€1,031 | -3.6% |
| Suppliers | 440/4 | €28,547 | €27,516 | -€1,031 | -3.6% |
| Taxes, remuneration and social security | 45 | €7,412 | €26,913 | +€19,501 | +263.1% |
| Taxes | 450/3 | €7,412 | €26,913 | +€19,501 | +263.1% |
| Other amounts payable | 47/48 | €239,642 | €235,545 | -€4,097 | -1.7% |
| Accrued charges and deferred income | 492/3 | €1,455 | - | -€1,455 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,563 | €20,125 | +€562 | +2.9% |
| Other operating charges | 640/8 | €22,862 | €7,450 | -€15,412 | -67.4% |
| Gross operating margin | 9900 | €126,063 | €95,007 | -€31,056 | -24.6% |
| Operating profit (loss) | 9901 | €83,637 | €67,432 | -€16,206 | -19.4% |
| Financial income | 75/76B | €2 | €7 | +€5 | +273.2% |
| Recurring financial income | 75 | €2 | €7 | +€5 | +273.2% |
| Financial charges | 65/66B | €9,513 | €8,455 | -€1,058 | -11.1% |
| Recurring financial charges | 65 | €9,513 | €8,455 | -€1,058 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €74,125 | €58,983 | -€15,142 | -20.4% |
| Income taxes | 67/77 | €17,403 | €14,814 | -€2,589 | -14.9% |
| Profit (loss) for the period | 9904 | €56,723 | €44,170 | -€12,553 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,723 | €44,170 | -€12,553 | -22.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.