SOGELA: 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.
SOGELA
Largest movements
- Cash -€139,015
down €139,015 (-65.2%), from €213,057 to €74,043
mainly Investment in fixed assets (net) (-€93,595) and Receivables after one year (-€87,960)
- Receivables after one year +€87,960
new in 2025: €87,960
- Financial fixed assets +€87,500
new in 2025: €87,500
- Receivables within one year -€19,556
down €19,556 (-54.5%), from €35,871 to €16,316
of which Trade receivables: -€15,428
- Tangible fixed assets +€4,875
up €4,875 (+294%), from €1,657 to €6,532
of which Furniture and vehicles: +€5,066
- Profit (loss) carried forward +€35,076
up €35,076 (+15.9%), from €220,695 to €255,771
- Tax, wage and social debts -€7,686
down €7,686 (-57.6%), from €13,344 to €5,659
of which Taxes: -€7,686
- Gross operating margin -€45,187
down €45,187 (-48.0%), from €94,201 to €49,014
- Taxes -€6,696
down €6,696 (-35.7%), from €18,746 to €12,050
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €250,586 | €276,351 | +€25,765 | +10.3% |
| Fixed assets | 21/28 | €1,657 | €94,032 | +€92,375 | +5,575% |
| Tangible fixed assets | 22/27 | €1,657 | €6,532 | +€4,875 | +294% |
| Plant, machinery and equipment | 23 | €373 | €182 | -€191 | -51.1% |
| Furniture and vehicles | 24 | €1,284 | €6,350 | +€5,066 | +395% |
| Financial fixed assets | 28 | - | €87,500 | +€87,500 | |
| Current assets | 29/58 | €248,929 | €182,318 | -€66,610 | -26.8% |
| Amounts receivable after more than one year | 29 | - | €87,960 | +€87,960 | |
| Other amounts receivable | 291 | - | €87,960 | +€87,960 | |
| Amounts receivable within one year | 40/41 | €35,871 | €16,316 | -€19,556 | -54.5% |
| Trade receivables | 40 | €29,040 | €13,613 | -€15,428 | -53.1% |
| Other amounts receivable | 41 | €6,831 | €2,703 | -€4,128 | -60.4% |
| Cash at bank and in hand | 54/58 | €213,057 | €74,043 | -€139,015 | -65.2% |
| Deferred charges and accrued income | 490/1 | €0 | €4,000 | +€4,000 | |
| Total equity and liabilities | 10/49 | €250,586 | €276,351 | +€25,765 | +10.3% |
| Equity | 10/15 | €223,195 | €258,271 | +€35,076 | +15.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €220,695 | €255,771 | +€35,076 | +15.9% |
| Amounts payable | 17/49 | €27,391 | €18,080 | -€9,311 | -34.0% |
| Amounts payable within one year | 42/48 | €25,656 | €17,330 | -€8,326 | -32.5% |
| Trade debts | 44 | €311 | €981 | +€670 | +215% |
| Suppliers | 440/4 | €311 | €981 | +€670 | +215% |
| Taxes, remuneration and social security | 45 | €13,344 | €5,659 | -€7,686 | -57.6% |
| Taxes | 450/3 | €11,401 | €3,716 | -€7,686 | -67.4% |
| Remuneration and social security | 454/9 | €1,943 | €1,943 | = | 0.0% |
| Other amounts payable | 47/48 | €12,000 | €10,690 | -€1,310 | -10.9% |
| Accrued charges and deferred income | 492/3 | €1,735 | €750 | -€985 | -56.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €847 | €1,220 | +€373 | +44.1% |
| Other operating charges | 640/8 | €387 | €627 | +€239 | +61.8% |
| Gross operating margin | 9900 | €94,201 | €49,014 | -€45,187 | -48.0% |
| Operating profit (loss) | 9901 | €92,967 | €47,168 | -€45,799 | -49.3% |
| Financial income | 75/76B | €7 | €460 | +€453 | +6,319% |
| Recurring financial income | 75 | €7 | €460 | +€453 | +6,319% |
| Financial charges | 65/66B | €551 | €502 | -€49 | -9.0% |
| Recurring financial charges | 65 | €551 | €502 | -€49 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €92,423 | €47,126 | -€45,297 | -49.0% |
| Income taxes | 67/77 | €18,746 | €12,050 | -€6,696 | -35.7% |
| Profit (loss) for the period | 9904 | €73,676 | €35,076 | -€38,601 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €73,676 | €35,076 | -€38,601 | -52.4% |
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 26 October 2026 via checked.be.