SOGEFIMMO: 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.
SOGEFIMMO
Largest movements
- Tangible fixed assets +€542,290
up €542,290 (+34.1%), from €1.6m to €2.1m
of which Land and buildings: +€551,093
- Cash -€146,970
down €146,970 (-87.4%), from €168,221 to €21,251
mainly Investment in fixed assets (net) (-€663,819) and Trade debts (-€99,608)
- Debts after one year +€400,275
up €400,275 (+1767.7%), from €22,644 to €422,919
- Other debts +€106,583
up €106,583 (+3.0%), from €3.5m to €3.6m
- Trade debts -€99,608
down €99,608 (-90.8%), from €109,754 to €10,145
- Gross operating margin +€228,267
up €228,267, from -€104,738 to €123,529
- Depreciation +€22,711
up €22,711 (+23.0%), from €98,818 to €121,529
- Financial charges +€15,949
up €15,949 (+707.9%), from €2,253 to €18,202
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 | €2,834,397 | €3,241,000 | +€406,603 | +14.3% |
| Fixed assets | 21/28 | €2,393,952 | €2,936,243 | +€542,290 | +22.7% |
| Intangible fixed assets | 21 | €5,000 | €5,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,591,363 | €2,133,654 | +€542,290 | +34.1% |
| Land and buildings | 22 | €1,554,390 | €2,105,483 | +€551,093 | +35.5% |
| Furniture and vehicles | 24 | €36,973 | €28,171 | -€8,803 | -23.8% |
| Financial fixed assets | 28 | €797,589 | €797,589 | = | 0.0% |
| Current assets | 29/58 | €440,445 | €304,757 | -€135,687 | -30.8% |
| Amounts receivable within one year | 40/41 | €270,608 | €283,226 | +€12,618 | +4.7% |
| Trade receivables | 40 | €18,175 | €15,150 | -€3,025 | -16.6% |
| Other amounts receivable | 41 | €252,433 | €268,076 | +€15,643 | +6.2% |
| Cash at bank and in hand | 54/58 | €168,221 | €21,251 | -€146,970 | -87.4% |
| Deferred charges and accrued income | 490/1 | €1,616 | €281 | -€1,335 | -82.6% |
| Total equity and liabilities | 10/49 | €2,834,397 | €3,241,000 | +€406,603 | +14.3% |
| Equity | 10/15 | -€832,929 | -€859,698 | -€26,770 | -3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€853,389 | -€880,158 | -€26,770 | -3.1% |
| Amounts payable | 17/49 | €3,667,326 | €4,100,699 | +€433,373 | +11.8% |
| Amounts payable after more than one year | 17 | €22,644 | €422,919 | +€400,275 | +1767.7% |
| Financial debts | 170/4 | €22,644 | €422,919 | +€400,275 | +1767.7% |
| Amounts payable within one year | 42/48 | €3,644,682 | €3,677,779 | +€33,098 | +0.9% |
| Financial debts | 43 | €12,051 | €38,174 | +€26,123 | +216.8% |
| Credit institutions | 430/8 | - | €15,697 | +€15,697 | |
| Other loans | 439 | €12,051 | €22,477 | +€10,426 | +86.5% |
| Trade debts | 44 | €109,754 | €10,145 | -€99,608 | -90.8% |
| Suppliers | 440/4 | €109,754 | €10,145 | -€99,608 | -90.8% |
| Other amounts payable | 47/48 | €3,522,877 | €3,629,460 | +€106,583 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,818 | €121,529 | +€22,711 | +23.0% |
| Other operating charges | 640/8 | €9,387 | €10,567 | +€1,180 | +12.6% |
| Gross operating margin | 9900 | -€104,738 | €123,529 | +€228,267 | |
| Operating profit (loss) | 9901 | -€212,944 | -€8,567 | +€204,376 | +96.0% |
| Financial charges | 65/66B | €2,253 | €18,202 | +€15,949 | +707.9% |
| Recurring financial charges | 65 | €2,253 | €18,202 | +€15,949 | +707.9% |
| Profit (loss) for the period before taxes | 9903 | -€215,197 | -€26,770 | +€188,427 | +87.6% |
| Profit (loss) for the period | 9904 | -€215,197 | -€26,770 | +€188,427 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€215,197 | -€26,770 | +€188,427 | +87.6% |
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 5 October 2026 via checked.be.