SOGEHO: 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.
SOGEHO
Largest movements
- Cash +€92,018
up €92,018 (+1532.5%), from €6,004 to €98,023
mainly Net result for the year (+€375,325) and Tax, wage and social debts (+€70,874)
- Tangible fixed assets -€67,019
down €67,019 (-3.5%), from €1.9m to €1.8m
of which Land and buildings: -€60,865
- Profit (loss) carried forward -€397,675
down €397,675 (-64.7%), from €614,258 to €216,582
- Reserves +€373,000
up €373,000 (+33.9%), from €1.1m to €1.5m
of which Distributable reserves: +€373,000
- Tax, wage and social debts +€70,874
up €70,874 (+83.4%), from €84,988 to €155,862
- Financial income -€30,068
down €30,068 (-87.5%), from €34,370 to €4,302
- Gross operating margin +€16,221
up €16,221 (+2.5%), from €652,232 to €668,453
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 | €2,224,488 | €2,255,238 | +€30,751 | +1.4% |
| Fixed assets | 21/28 | €1,902,928 | €1,835,909 | -€67,019 | -3.5% |
| Tangible fixed assets | 22/27 | €1,896,657 | €1,829,638 | -€67,019 | -3.5% |
| Land and buildings | 22 | €1,883,834 | €1,822,969 | -€60,865 | -3.2% |
| Plant, machinery and equipment | 23 | €1,039 | €554 | -€485 | -46.7% |
| Furniture and vehicles | 24 | €6,031 | €6,115 | +€83 | +1.4% |
| Leasing and similar rights | 25 | €5,752 | - | -€5,752 | |
| Financial fixed assets | 28 | €6,272 | €6,272 | = | 0.0% |
| Current assets | 29/58 | €321,559 | €419,329 | +€97,770 | +30.4% |
| Amounts receivable within one year | 40/41 | €11,716 | €5,622 | -€6,094 | -52.0% |
| Trade receivables | 40 | €5,740 | €5,622 | -€119 | -2.1% |
| Other amounts receivable | 41 | €5,975 | - | -€5,975 | |
| Current investments | 50/53 | €300,000 | €300,728 | +€728 | +0.2% |
| Cash at bank and in hand | 54/58 | €6,004 | €98,023 | +€92,018 | +1532.5% |
| Deferred charges and accrued income | 490/1 | €3,839 | €14,956 | +€11,117 | +289.6% |
| Total equity and liabilities | 10/49 | €2,224,488 | €2,255,238 | +€30,751 | +1.4% |
| Equity | 10/15 | €1,837,658 | €1,812,982 | -€24,675 | -1.3% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €1,099,400 | €1,472,400 | +€373,000 | +33.9% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | €1,087,000 | €1,460,000 | +€373,000 | +34.3% |
| Profit (loss) carried forward | 14 | €614,258 | €216,582 | -€397,675 | -64.7% |
| Amounts payable | 17/49 | €386,830 | €442,256 | +€55,426 | +14.3% |
| Amounts payable within one year | 42/48 | €386,830 | €440,706 | +€53,876 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €7,439 | - | -€7,439 | |
| Trade debts | 44 | €4,129 | €4,818 | +€689 | +16.7% |
| Suppliers | 440/4 | €4,129 | €4,818 | +€689 | +16.7% |
| Taxes, remuneration and social security | 45 | €84,988 | €155,862 | +€70,874 | +83.4% |
| Taxes | 450/3 | €84,988 | €155,862 | +€70,874 | +83.4% |
| Other amounts payable | 47/48 | €290,274 | €280,026 | -€10,248 | -3.5% |
| Accrued charges and deferred income | 492/3 | - | €1,550 | +€1,550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,870 | €69,134 | -€3,736 | -5.1% |
| Other operating charges | 640/8 | €51,023 | €52,864 | +€1,841 | +3.6% |
| Gross operating margin | 9900 | €652,232 | €668,453 | +€16,221 | +2.5% |
| Operating profit (loss) | 9901 | €528,339 | €546,455 | +€18,116 | +3.4% |
| Financial income | 75/76B | €34,370 | €4,302 | -€30,068 | -87.5% |
| Recurring financial income | 75 | €34,370 | €4,302 | -€30,068 | -87.5% |
| Financial charges | 65/66B | €1,845 | €188 | -€1,657 | -89.8% |
| Recurring financial charges | 65 | €1,845 | €188 | -€1,657 | -89.8% |
| Profit (loss) for the period before taxes | 9903 | €560,864 | €550,569 | -€10,295 | -1.8% |
| Income taxes | 67/77 | €170,345 | €175,244 | +€4,899 | +2.9% |
| Profit (loss) for the period | 9904 | €390,518 | €375,325 | -€15,194 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €390,518 | €375,325 | -€15,194 | -3.9% |
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 6 October 2026 via checked.be.