SOGELAM: 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.
SOGELAM
Largest movements
- Cash -€353,995
down €353,995 (-47.9%), from €738,719 to €384,724
mainly Current investments (-€247,978) and Receivables within one year (-€111,630)
- Current investments +€247,978
up €247,978 (+58.0%), from €427,434 to €675,411
- Receivables within one year +€111,630
up €111,630 (+367%), from €30,446 to €142,076
- Tangible fixed assets -€69,431
down €69,431 (-3.5%), from €2.0m to €1.9m
of which Land and buildings: -€69,431
- Receivables after one year +€65,000
new in 2025: €65,000
- Other debts +€60,421
new in 2025: €60,421
- Profit (loss) carried forward -€43,043
down €43,043 (-4.1%), from €1.0m to €1.0m
- Gross operating margin -€1.1m
down €1.1m (-99.4%), from €1.1m to €6,841
- Taxes -€226,706
down €226,706 (-95.5%), from €237,274 to €10,568
- Financial income -€18,144
down €18,144 (-43.1%), from €42,143 to €23,999
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 | €3,200,845 | €3,202,787 | +€1,942 | +0.1% |
| Fixed assets | 21/28 | €2,003,724 | €1,934,293 | -€69,431 | -3.5% |
| Tangible fixed assets | 22/27 | €2,003,724 | €1,934,293 | -€69,431 | -3.5% |
| Land and buildings | 22 | €1,888,501 | €1,819,070 | -€69,431 | -3.7% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €4,560 | €4,560 | = | 0.0% |
| Other tangible fixed assets | 26 | €110,663 | €110,663 | = | 0.0% |
| Current assets | 29/58 | €1,197,121 | €1,268,494 | +€71,373 | +6.0% |
| Amounts receivable after more than one year | 29 | - | €65,000 | +€65,000 | |
| Other amounts receivable | 291 | - | €65,000 | +€65,000 | |
| Amounts receivable within one year | 40/41 | €30,446 | €142,076 | +€111,630 | +367% |
| Other amounts receivable | 41 | €30,446 | €142,076 | +€111,630 | +367% |
| Current investments | 50/53 | €427,434 | €675,411 | +€247,978 | +58.0% |
| Cash at bank and in hand | 54/58 | €738,719 | €384,724 | -€353,995 | -47.9% |
| Deferred charges and accrued income | 490/1 | €522 | €1,283 | +€761 | +146% |
| Total equity and liabilities | 10/49 | €3,200,845 | €3,202,787 | +€1,942 | +0.1% |
| Equity | 10/15 | €2,714,635 | €2,648,260 | -€66,375 | -2.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,605,272 | €1,581,940 | -€23,332 | -1.5% |
| Non-distributable reserves | 130/1 | €37,804 | €37,804 | = | 0.0% |
| Legal reserve | 130 | €37,804 | - | -€37,804 | |
| Reserves not available under the articles | 1311 | - | €37,804 | +€37,804 | |
| Tax-exempt reserves | 132 | €745,718 | €722,386 | -€23,332 | -3.1% |
| Distributable reserves | 133 | €821,750 | €821,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,047,864 | €1,004,820 | -€43,043 | -4.1% |
| Provisions and deferred taxes | 16 | €248,573 | €240,795 | -€7,777 | -3.1% |
| Deferred taxes | 168 | €248,573 | €240,795 | -€7,777 | -3.1% |
| Amounts payable | 17/49 | €237,637 | €313,731 | +€76,094 | +32.0% |
| Amounts payable within one year | 42/48 | €237,637 | €313,731 | +€76,094 | +32.0% |
| Trade debts | 44 | - | €5,290 | +€5,290 | |
| Suppliers | 440/4 | - | €5,290 | +€5,290 | |
| Taxes, remuneration and social security | 45 | €237,637 | €248,020 | +€10,383 | +4.4% |
| Taxes | 450/3 | €237,637 | €248,020 | +€10,383 | +4.4% |
| Other amounts payable | 47/48 | - | €60,421 | +€60,421 | |
| Non-recurring operating income | 76A | €145 | - | -€145 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,316 | €69,431 | -€2,885 | -4.0% |
| Other operating charges | 640/8 | €15,250 | €17,390 | +€2,140 | +14.0% |
| Gross operating margin | 9900 | €1,074,195 | €6,841 | -€1.1m | -99.4% |
| Operating profit (loss) | 9901 | €986,630 | -€79,979 | -€1.1m | |
| Financial income | 75/76B | €42,143 | €23,999 | -€18,144 | -43.1% |
| Recurring financial income | 75 | €42,143 | €23,999 | -€18,144 | -43.1% |
| Financial charges | 65/66B | €857 | €7,604 | +€6,746 | +787% |
| Recurring financial charges | 65 | €857 | €7,604 | +€6,746 | +787% |
| Profit (loss) for the period before taxes | 9903 | €1,027,915 | -€63,584 | -€1.1m | |
| Transfer from deferred taxes | 780 | €7,777 | €7,777 | = | 0.0% |
| Income taxes | 67/77 | €237,274 | €10,568 | -€226,706 | -95.5% |
| Profit (loss) for the period | 9904 | €798,418 | -€66,375 | -€864,793 | |
| Transfer from tax-exempt reserves | 789 | €23,332 | €23,332 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €821,750 | -€43,043 | -€864,793 |
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 23 October 2026 via checked.be.