SOGEDEC: 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.
What changed
SOGEDEC
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€49,329
2024 · €74,826-€25,497
Equity
€3.7m
2024 · €3.6m+€49,329
Cash
€83,828
2024 · €77,141+€6,687
Balance sheet total
€4.2m
2024 · €4.6m-€363,038
Largest movements
Assets
- Receivables within one year -€475,875
down €475,875 (-79.0%), from €602,517 to €126,642
of which Trade receivables: -€475,180
- Receivables after one year +€352,786
up €352,786 (+77.1%), from €457,729 to €810,515
- Stocks and contracts -€188,001
down €188,001 (-5.6%), from €3.3m to €3.1m
Equity and liabilities
- Trade debts -€354,997
down €354,997 (-64.3%), from €552,379 to €197,382
- Tax, wage and social debts -€57,087
down €57,087 (-16.2%), from €353,423 to €296,335
of which Remuneration and social security: -€58,975
- Reserves +€49,329
up €49,329 (+1.4%), from €3.6m to €3.6m
of which Distributable reserves: +€49,329
Income statement
- Goods and materials -€131,895
down €131,895 (-2.2%), from €5.9m to €5.8m
of which Change in stocks: decrease (increase): -€229,896
- Services and other goods +€124,499
up €124,499 (+6.9%), from €1.8m to €1.9m
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.
Result 2024
€74,826
Turnover
-€44,807
Other operating income
-€44,105
Goods and materials
+€131,895
Services and other goods
-€124,499
Staff costs
+€41,446
Depreciation
+€20,319
Write-downs
-€291
Other operating charges
-€10,393
Other operating items
+€3,748
Financial income
-€6,970
Financial charges
+€8,162
Result 2025
€49,329
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€26,771
Investment
+€33,458
Financing
€0
Cash 2024
€77,141
From operations (derived)
-€26,771
Net result for the year
+€49,329
Depreciation
+€19,085
Receivables after one year
-€352,786
Stocks and contracts
+€188,001
Receivables within one year
+€475,875
Deferred charges and accrued income
+€6,092
Trade debts
-€354,997
Tax, wage and social debts
-€57,087
Other debts
-€283
Investment (derived)
+€33,458
Investment in fixed assets (net)
+€33,458
Cash 2025
€83,828
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,555,034 | €4,191,996 | -€363,038 | -8.0% |
| Fixed assets | 21/28 | €74,412 | €21,869 | -€52,543 | -70.6% |
| Tangible fixed assets | 22/27 | €39,160 | €21,869 | -€17,291 | -44.2% |
| Plant, machinery and equipment | 23 | €30,765 | €21,011 | -€9,754 | -31.7% |
| Furniture and vehicles | 24 | €7,816 | €858 | -€6,958 | -89.0% |
| Other tangible fixed assets | 26 | €579 | - | -€579 | |
| Financial fixed assets | 28 | €35,253 | - | -€35,253 | |
| Other financial fixed assets | 284/8 | €35,253 | - | -€35,253 | |
| Amounts receivable and cash guarantees | 285/8 | €35,253 | - | -€35,253 | |
| Current assets | 29/58 | €4,480,622 | €4,170,127 | -€310,495 | -6.9% |
| Amounts receivable after more than one year | 29 | €457,729 | €810,515 | +€352,786 | +77.1% |
| Other amounts receivable | 291 | €457,729 | €810,515 | +€352,786 | +77.1% |
| Stocks and contracts in progress | 3 | €3,336,675 | €3,148,674 | -€188,001 | -5.6% |
| Stocks | 30/36 | €3,336,675 | €3,148,674 | -€188,001 | -5.6% |
| Goods purchased for resale | 34 | €3,336,675 | €3,148,674 | -€188,001 | -5.6% |
| Amounts receivable within one year | 40/41 | €602,517 | €126,642 | -€475,875 | -79.0% |
| Trade receivables | 40 | €579,087 | €103,907 | -€475,180 | -82.1% |
| Other amounts receivable | 41 | €23,430 | €22,735 | -€695 | -3.0% |
| Cash at bank and in hand | 54/58 | €77,141 | €83,828 | +€6,687 | +8.7% |
| Deferred charges and accrued income | 490/1 | €6,560 | €468 | -€6,092 | -92.9% |
| Total equity and liabilities | 10/49 | €4,555,034 | €4,191,996 | -€363,038 | -8.0% |
| Equity | 10/15 | €3,648,226 | €3,697,556 | +€49,329 | +1.4% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €3,578,226 | €3,627,556 | +€49,329 | +1.4% |
| Non-distributable reserves | 130/1 | €37,000 | €37,000 | = | 0.0% |
| Legal reserve | 130 | €37,000 | €37,000 | = | 0.0% |
| Distributable reserves | 133 | €3,541,226 | €3,590,556 | +€49,329 | +1.4% |
| Amounts payable | 17/49 | €906,808 | €494,440 | -€412,368 | -45.5% |
| Amounts payable within one year | 42/48 | €906,808 | €494,440 | -€412,368 | -45.5% |
| Trade debts | 44 | €552,379 | €197,382 | -€354,997 | -64.3% |
| Suppliers | 440/4 | €552,379 | €197,382 | -€354,997 | -64.3% |
| Taxes, remuneration and social security | 45 | €353,423 | €296,335 | -€57,087 | -16.2% |
| Taxes | 450/3 | €27,710 | €29,597 | +€1,888 | +6.8% |
| Remuneration and social security | 454/9 | €325,713 | €266,738 | -€58,975 | -18.1% |
| Other amounts payable | 47/48 | €1,006 | €723 | -€283 | -28.1% |
| Operating income | 70/76A | €9,211,484 | €9,122,572 | -€88,912 | -1.0% |
| Turnover | 70 | €9,143,526 | €9,098,719 | -€44,807 | -0.5% |
| Other operating income | 74 | €67,959 | €23,853 | -€44,105 | -64.9% |
| Operating charges | 60/66A | €9,157,204 | €9,094,980 | -€62,224 | -0.7% |
| Goods for resale, raw materials and consumables | 60 | €5,917,806 | €5,785,912 | -€131,895 | -2.2% |
| Purchases | 600/8 | €5,428,009 | €5,526,011 | +€98,002 | +1.8% |
| Change in stocks: decrease (increase) | 609 | €489,797 | €259,901 | -€229,896 | -46.9% |
| Services and other goods | 61 | €1,793,411 | €1,917,910 | +€124,499 | +6.9% |
| Remuneration, social security and pensions | 62 | €1,460,896 | €1,419,450 | -€41,446 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,404 | €19,085 | -€20,319 | -51.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€72,191 | -€71,900 | +€291 | +0.4% |
| Other operating charges | 640/8 | €13,330 | €23,724 | +€10,393 | +78.0% |
| Non-recurring operating charges | 66A | €4,547 | €799 | -€3,748 | -82.4% |
| Operating profit (loss) | 9901 | €54,281 | €27,592 | -€26,688 | -49.2% |
| Financial income | 75/76B | €66,609 | €59,639 | -€6,970 | -10.5% |
| Recurring financial income | 75 | €61,885 | €59,639 | -€2,246 | -3.6% |
| Other financial income | 752/9 | €61,885 | €59,639 | -€2,246 | -3.6% |
| Non-recurring financial income | 76B | €4,724 | - | -€4,724 | |
| Financial charges | 65/66B | €46,063 | €37,902 | -€8,162 | -17.7% |
| Recurring financial charges | 65 | €46,063 | €37,902 | -€8,162 | -17.7% |
| Debt charges | 650 | €6 | - | -€6 | |
| Other financial charges | 652/9 | €46,057 | €37,902 | -€8,156 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €74,826 | €49,329 | -€25,497 | -34.1% |
| Profit (loss) for the period | 9904 | €74,826 | €49,329 | -€25,497 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,826 | €49,329 | -€25,497 | -34.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.