SOGEFICO: 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.
SOGEFICO
Largest movements
- Current investments +€18,551
up €18,551 (+44.7%), from €41,538 to €60,090
- Receivables after one year +€14,624
up €14,624 (+29.2%), from €50,018 to €64,642
- Cash +€9,840
up €9,840 (+15.3%), from €64,316 to €74,156
mainly Net result for the year (+€74,348) and Debts after one year (+€43,750)
- Tangible fixed assets +€8,985
up €8,985 (+210.2%), from €4,275 to €13,260
- Deferred charges and accrued income -€3,698
down €3,698 (-34.7%), from €10,663 to €6,965
- Debts after one year +€43,750
up €43,750 (+64.6%), from €67,750 to €111,500
- Reserves +€25,000
up €25,000 (+23.8%), from €105,000 to €130,000
- Other debts -€11,967
down €11,967 (-78.2%), from €15,300 to €3,333
- Trade debts -€9,198
down €9,198 (-51.5%), from €17,859 to €8,662
- Accrued charges and deferred income +€5,680
up €5,680 (+565.0%), from €1,005 to €6,685
- Gross operating margin +€33,920
up €33,920 (+31.8%), from €106,604 to €140,524
- Taxes +€6,353
up €6,353 (+38.6%), from €16,470 to €22,824
- Financial income +€5,054
up €5,054 (+43.0%), from €11,753 to €16,807
of which Non-recurring financial income: +€3,000
- Staff costs +€4,573
up €4,573 (+10.2%), from €44,868 to €49,442
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 | €254,416 | €307,466 | +€53,051 | +20.9% |
| Fixed assets | 21/28 | €64,275 | €76,260 | +€11,985 | +18.6% |
| Tangible fixed assets | 22/27 | €4,275 | €13,260 | +€8,985 | +210.2% |
| Furniture and vehicles | 24 | €4,275 | €13,260 | +€8,985 | +210.2% |
| Financial fixed assets | 28 | €60,000 | €63,000 | +€3,000 | +5.0% |
| Current assets | 29/58 | €190,140 | €231,206 | +€41,066 | +21.6% |
| Amounts receivable after more than one year | 29 | €50,018 | €64,642 | +€14,624 | +29.2% |
| Other amounts receivable | 291 | €50,018 | €64,642 | +€14,624 | +29.2% |
| Amounts receivable within one year | 40/41 | €23,606 | €25,354 | +€1,748 | +7.4% |
| Trade receivables | 40 | €14,872 | €16,872 | +€2,000 | +13.5% |
| Other amounts receivable | 41 | €8,734 | €8,482 | -€252 | -2.9% |
| Current investments | 50/53 | €41,538 | €60,090 | +€18,551 | +44.7% |
| Cash at bank and in hand | 54/58 | €64,316 | €74,156 | +€9,840 | +15.3% |
| Deferred charges and accrued income | 490/1 | €10,663 | €6,965 | -€3,698 | -34.7% |
| Total equity and liabilities | 10/49 | €254,416 | €307,466 | +€53,051 | +20.9% |
| Equity | 10/15 | €124,652 | €149,000 | +€24,348 | +19.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,000 | €130,000 | +€25,000 | +23.8% |
| Distributable reserves | 133 | €105,000 | €130,000 | +€25,000 | +23.8% |
| Profit (loss) carried forward | 14 | €1,052 | €400 | -€652 | -62.0% |
| Amounts payable | 17/49 | €129,764 | €158,466 | +€28,702 | +22.1% |
| Amounts payable after more than one year | 17 | €67,750 | €111,500 | +€43,750 | +64.6% |
| Other amounts payable | 178/9 | €67,750 | €111,500 | +€43,750 | +64.6% |
| Amounts payable within one year | 42/48 | €61,009 | €40,281 | -€20,728 | -34.0% |
| Trade debts | 44 | €17,859 | €8,662 | -€9,198 | -51.5% |
| Suppliers | 440/4 | €17,859 | €8,662 | -€9,198 | -51.5% |
| Taxes, remuneration and social security | 45 | €27,849 | €28,286 | +€437 | +1.6% |
| Taxes | 450/3 | €24,226 | €21,656 | -€2,570 | -10.6% |
| Remuneration and social security | 454/9 | €3,623 | €6,630 | +€3,006 | +83.0% |
| Other amounts payable | 47/48 | €15,300 | €3,333 | -€11,967 | -78.2% |
| Accrued charges and deferred income | 492/3 | €1,005 | €6,685 | +€5,680 | +565.0% |
| Remuneration, social security and pensions | 62 | €44,868 | €49,442 | +€4,573 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,060 | €3,709 | -€1,351 | -26.7% |
| Other operating charges | 640/8 | €1,185 | €1,294 | +€110 | +9.3% |
| Non-recurring operating charges | 66A | €352 | - | -€352 | |
| Gross operating margin | 9900 | €106,604 | €140,524 | +€33,920 | +31.8% |
| Operating profit (loss) | 9901 | €55,139 | €86,079 | +€30,941 | +56.1% |
| Financial income | 75/76B | €11,753 | €16,807 | +€5,054 | +43.0% |
| Recurring financial income | 75 | €11,753 | €13,807 | +€2,054 | +17.5% |
| Non-recurring financial income | 76B | - | €3,000 | +€3,000 | |
| Financial charges | 65/66B | €4,405 | €5,715 | +€1,310 | +29.7% |
| Recurring financial charges | 65 | €2,405 | €5,715 | +€3,310 | +137.6% |
| Non-recurring financial charges | 66B | €2,000 | - | -€2,000 | |
| Profit (loss) for the period before taxes | 9903 | €62,487 | €97,172 | +€34,685 | +55.5% |
| Income taxes | 67/77 | €16,470 | €22,824 | +€6,353 | +38.6% |
| Profit (loss) for the period | 9904 | €46,017 | €74,348 | +€28,332 | +61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,017 | €74,348 | +€28,332 | +61.6% |
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 7 October 2026 via checked.be.