SOGEFIP: 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.
SOGEFIP
Largest movements
- Tangible fixed assets +€511,250
up €511,250 (+43.6%), from €1.2m to €1.7m
of which Land and buildings: +€400,789
- Cash -€374,596
down €374,596 (-78.3%), from €478,391 to €103,795
mainly Investment in fixed assets (net) (-€566,050) and Other debts (-€88,062)
- Receivables within one year +€37,079
up €37,079 (+38.8%), from €95,558 to €132,637
of which Trade receivables: +€22,092
- Debts after one year +€175,478
up €175,478 (+34.9%), from €502,271 to €677,749
of which Financial debts: +€174,329
- Profit (loss) carried forward -€144,153
down €144,153 (-62.7%), from €229,798 to €85,645
- Contributions +€125,000
up €125,000 (+201.6%), from €62,000 to €187,000
- Reserves +€115,144
up €115,144 (+26.8%), from €429,228 to €544,372
of which Tax-exempt reserves: +€111,692
- Other debts -€88,062
down €88,062 (-21.8%), from €404,184 to €316,122
- Gross operating margin -€94,111
down €94,111 (-37.1%), from €254,001 to €159,890
- Financial charges +€60,336
up €60,336 (+294.6%), from €20,484 to €80,820
of which Non-recurring financial charges: +€57,594
- Other operating charges +€14,580
up €14,580 (+102.8%), from €14,185 to €28,765
- Taxes -€12,886
down €12,886 (-98.0%), from €13,154 to €268
- Depreciation +€9,085
up €9,085 (+19.9%), from €45,715 to €54,800
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 | €1,935,742 | €2,121,348 | +€185,606 | +9.6% |
| Fixed assets | 21/28 | €1,352,142 | €1,863,392 | +€511,250 | +37.8% |
| Tangible fixed assets | 22/27 | €1,171,630 | €1,682,880 | +€511,250 | +43.6% |
| Land and buildings | 22 | €1,107,732 | €1,508,521 | +€400,789 | +36.2% |
| Plant, machinery and equipment | 23 | - | €42,844 | +€42,844 | |
| Furniture and vehicles | 24 | €63,898 | €131,515 | +€67,617 | +105.8% |
| Financial fixed assets | 28 | €180,512 | €180,512 | +€0 | 0.0% |
| Current assets | 29/58 | €583,600 | €257,956 | -€325,644 | -55.8% |
| Stocks and contracts in progress | 3 | €5,148 | €5,148 | -€0 | 0.0% |
| Stocks | 30/36 | €5,148 | €5,148 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €95,558 | €132,637 | +€37,079 | +38.8% |
| Trade receivables | 40 | €24,059 | €46,151 | +€22,092 | +91.8% |
| Other amounts receivable | 41 | €71,499 | €86,486 | +€14,987 | +21.0% |
| Cash at bank and in hand | 54/58 | €478,391 | €103,795 | -€374,596 | -78.3% |
| Deferred charges and accrued income | 490/1 | €4,502 | €16,376 | +€11,874 | +263.7% |
| Total equity and liabilities | 10/49 | €1,935,742 | €2,121,348 | +€185,606 | +9.6% |
| Equity | 10/15 | €721,026 | €817,017 | +€95,991 | +13.3% |
| Contributions | 10/11 | €62,000 | €187,000 | +€125,000 | +201.6% |
| Capital | 10 | - | €187,000 | +€187,000 | |
| Issued capital | 100 | - | €187,000 | +€187,000 | |
| Reserves | 13 | €429,228 | €544,372 | +€115,144 | +26.8% |
| Non-distributable reserves | 130/1 | €6,297 | €9,750 | +€3,453 | +54.8% |
| Legal reserve | 130 | - | €9,750 | +€9,750 | |
| Other | 1319 | €6,297 | - | -€6,297 | |
| Tax-exempt reserves | 132 | €386,794 | €498,486 | +€111,692 | +28.9% |
| Distributable reserves | 133 | €36,136 | €36,136 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €229,798 | €85,645 | -€144,153 | -62.7% |
| Provisions and deferred taxes | 16 | €144,985 | €130,362 | -€14,623 | -10.1% |
| Deferred taxes | 168 | €144,985 | €130,362 | -€14,623 | -10.1% |
| Amounts payable | 17/49 | €1,069,730 | €1,173,969 | +€104,239 | +9.7% |
| Amounts payable after more than one year | 17 | €502,271 | €677,749 | +€175,478 | +34.9% |
| Financial debts | 170/4 | €401,447 | €575,776 | +€174,329 | +43.4% |
| Other amounts payable | 178/9 | €100,823 | €101,973 | +€1,150 | +1.1% |
| Amounts payable within one year | 42/48 | €567,459 | €496,220 | -€71,239 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €96,249 | €115,783 | +€19,534 | +20.3% |
| Trade debts | 44 | €67,023 | €58,547 | -€8,476 | -12.6% |
| Suppliers | 440/4 | €67,023 | €58,547 | -€8,476 | -12.6% |
| Taxes, remuneration and social security | 45 | €4 | €5,768 | +€5,764 | +147042.9% |
| Taxes | 450/3 | €4 | €5,768 | +€5,764 | +147042.9% |
| Other amounts payable | 47/48 | €404,184 | €316,122 | -€88,062 | -21.8% |
| Remuneration, social security and pensions | 62 | €968 | €998 | +€30 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,715 | €54,800 | +€9,085 | +19.9% |
| Other operating charges | 640/8 | €14,185 | €28,765 | +€14,580 | +102.8% |
| Non-recurring operating charges | 66A | €1,502 | - | -€1,502 | |
| Gross operating margin | 9900 | €254,001 | €159,890 | -€94,111 | -37.1% |
| Operating profit (loss) | 9901 | €191,632 | €75,327 | -€116,305 | -60.7% |
| Financial income | 75/76B | €2,451 | €1,244 | -€1,207 | -49.3% |
| Recurring financial income | 75 | €2,451 | €1,244 | -€1,207 | -49.3% |
| Financial charges | 65/66B | €20,484 | €80,820 | +€60,336 | +294.6% |
| Recurring financial charges | 65 | €20,484 | €23,226 | +€2,742 | +13.4% |
| Non-recurring financial charges | 66B | - | €57,594 | +€57,594 | |
| Profit (loss) for the period before taxes | 9903 | €173,599 | -€4,249 | -€177,848 | |
| Transfer from deferred taxes | 780 | €43,818 | €43,818 | +€0 | 0.0% |
| Transfer to deferred taxes | 680 | €35,222 | - | -€35,222 | |
| Income taxes | 67/77 | €13,154 | €268 | -€12,886 | -98.0% |
| Profit (loss) for the period | 9904 | €169,041 | €39,301 | -€129,740 | -76.8% |
| Transfer to tax-exempt reserves | 689 | €105,665 | - | -€105,665 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,376 | €39,301 | -€24,075 | -38.0% |
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.