SOGEFRA: 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
SOGEFRA
NACE 82.300, Organisation of conventions and trade shows
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€113,980
2024 · -€73,526+€187,507
Equity
€776,660
2024 · €662,680+€113,980
Cash
€80,495
2024 · €10,396+€70,099
Balance sheet total
€1.3m
2024 · €1.3m-€3,279
Largest movements
Assets
- Cash +€70,099
up €70,099 (+674%), from €10,396 to €80,495
mainly Net result for the year (+€113,980) and Depreciation (+€65,691)
- Tangible fixed assets -€63,625
down €63,625 (-5.4%), from €1.2m to €1.1m
of which Land and buildings: -€53,867
Equity and liabilities
- Profit (loss) carried forward +€113,980
up €113,980 (+37.9%), from -€300,612 to -€186,632
- Debts after one year -€65,349
down €65,349 (-17.6%), from €372,318 to €306,969
- Trade debts -€52,343
down €52,343 (-40.2%), from €130,216 to €77,873
Income statement
- Gross operating margin +€166,728
up €166,728 (+204%), from €81,778 to €248,507
- Other operating charges -€19,398
down €19,398 (-34.9%), from €55,633 to €36,234
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
-€73,526
Gross operating margin
+€166,728
Staff costs
+€410
Depreciation
+€2,312
Other operating charges
+€19,398
Financial income
-€78
Financial charges
-€256
Taxes
-€1,009
Result 2025
€113,980
raises the resultlowers the result
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
+€142,488
Investment
-€2,066
Financing
-€70,323
Cash 2024
€10,396
From operations (derived)
+€142,488
Net result for the year
+€113,980
Depreciation
+€65,691
Stocks and contracts
-€254
Receivables within one year
+€10,008
Trade debts
-€52,343
Tax, wage and social debts
+€7,503
Other debts
-€2,097
Investment (derived)
-€2,066
Investment in fixed assets (net)
-€2,066
Financing
-€70,323
Debts after one year
-€65,349
Current portion of long-term debt
-€10,142
Short-term financial debts
+€5,168
Cash 2025
€80,495
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,261,527 | €1,258,247 | -€3,279 | -0.3% |
| Fixed assets | 21/28 | €1,200,224 | €1,136,599 | -€63,625 | -5.3% |
| Tangible fixed assets | 22/27 | €1,187,233 | €1,123,608 | -€63,625 | -5.4% |
| Land and buildings | 22 | €1,156,096 | €1,102,229 | -€53,867 | -4.7% |
| Plant, machinery and equipment | 23 | €19,163 | €13,558 | -€5,605 | -29.2% |
| Furniture and vehicles | 24 | €11,317 | €7,383 | -€3,934 | -34.8% |
| Other tangible fixed assets | 26 | €657 | €438 | -€219 | -33.3% |
| Financial fixed assets | 28 | €12,991 | €12,991 | = | 0.0% |
| Current assets | 29/58 | €61,302 | €121,648 | +€60,346 | +98.4% |
| Stocks and contracts in progress | 3 | €2,597 | €2,851 | +€254 | +9.8% |
| Stocks | 30/36 | €2,597 | €2,851 | +€254 | +9.8% |
| Amounts receivable within one year | 40/41 | €48,310 | €38,302 | -€10,008 | -20.7% |
| Trade receivables | 40 | €24,357 | €21,945 | -€2,412 | -9.9% |
| Other amounts receivable | 41 | €23,953 | €16,357 | -€7,596 | -31.7% |
| Cash at bank and in hand | 54/58 | €10,396 | €80,495 | +€70,099 | +674% |
| Total equity and liabilities | 10/49 | €1,261,527 | €1,258,247 | -€3,279 | -0.3% |
| Equity | 10/15 | €662,680 | €776,660 | +€113,980 | +17.2% |
| Contributions | 10/11 | €833,000 | €833,000 | = | 0.0% |
| Capital | 10 | €833,000 | €833,000 | = | 0.0% |
| Issued capital | 100 | €833,000 | €833,000 | = | 0.0% |
| Reserves | 13 | €130,292 | €130,292 | = | 0.0% |
| Non-distributable reserves | 130/1 | €83,292 | €83,292 | = | 0.0% |
| Legal reserve | 130 | €83,292 | €83,292 | = | 0.0% |
| Distributable reserves | 133 | €47,000 | €47,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€300,612 | -€186,632 | +€113,980 | +37.9% |
| Amounts payable | 17/49 | €598,846 | €481,587 | -€117,260 | -19.6% |
| Amounts payable after more than one year | 17 | €372,318 | €306,969 | -€65,349 | -17.6% |
| Financial debts | 170/4 | €372,318 | €306,969 | -€65,349 | -17.6% |
| Amounts payable within one year | 42/48 | €226,529 | €174,618 | -€51,911 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €75,490 | €65,349 | -€10,142 | -13.4% |
| Financial debts | 43 | - | €5,168 | +€5,168 | |
| Credit institutions | 430/8 | - | €5,168 | +€5,168 | |
| Trade debts | 44 | €130,216 | €77,873 | -€52,343 | -40.2% |
| Suppliers | 440/4 | €130,216 | €77,873 | -€52,343 | -40.2% |
| Taxes, remuneration and social security | 45 | €6,110 | €13,614 | +€7,503 | +123% |
| Taxes | 450/3 | €2,293 | €13,614 | +€11,321 | +494% |
| Remuneration and social security | 454/9 | €3,818 | - | -€3,818 | |
| Other amounts payable | 47/48 | €14,712 | €12,615 | -€2,097 | -14.3% |
| Remuneration, social security and pensions | 62 | €3,930 | €3,520 | -€410 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,003 | €65,691 | -€2,312 | -3.4% |
| Other operating charges | 640/8 | €55,633 | €36,234 | -€19,398 | -34.9% |
| Gross operating margin | 9900 | €81,778 | €248,507 | +€166,728 | +204% |
| Operating profit (loss) | 9901 | -€45,788 | €143,061 | +€188,849 | |
| Financial income | 75/76B | €133 | €55 | -€78 | -58.8% |
| Recurring financial income | 75 | €133 | €55 | -€78 | -58.8% |
| Financial charges | 65/66B | €19,110 | €19,366 | +€256 | +1.3% |
| Recurring financial charges | 65 | €19,110 | €19,366 | +€256 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€64,765 | €123,750 | +€188,515 | |
| Income taxes | 67/77 | €8,761 | €9,770 | +€1,009 | +11.5% |
| Profit (loss) for the period | 9904 | -€73,526 | €113,980 | +€187,507 | |
| Profit (loss) for the period to be appropriated | 9905 | -€73,526 | €113,980 | +€187,507 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.