SOGELEC: 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.
SOGELEC
Largest movements
- Tangible fixed assets +€256,273
up €256,273 (+2,093%), from €12,244 to €268,517
of which Land and buildings: +€255,189
- Receivables within one year -€82,347
down €82,347 (-43.0%), from €191,442 to €109,095
- Deferred charges and accrued income +€4,124
up €4,124 (+8,774%), from €47 to €4,171
- Debts after one year +€139,836
up €139,836 (+5,497%), from €2,544 to €142,380
- Reserves +€35,000
up €35,000 (+29.2%), from €120,000 to €155,000
- Short-term financial debts -€22,000
no longer reported in 2025 (was €22,000)
- Tax, wage and social debts +€14,266
up €14,266 (+29.9%), from €47,712 to €61,978
- Current portion of long-term debt +€13,490
up €13,490 (+749%), from €1,802 to €15,292
- Gross operating margin -€79,295
down €79,295 (-43.0%), from €184,250 to €104,955
- Depreciation +€41,390
up €41,390 (+1,038%), from €3,987 to €45,377
- Taxes -€28,949
down €28,949 (-60.7%), from €47,700 to €18,751
- Financial charges +€2,177
up €2,177 (+76.5%), from €2,846 to €5,023
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 | €208,326 | €388,728 | +€180,402 | +86.6% |
| Fixed assets | 21/28 | €12,244 | €268,517 | +€256,273 | +2,093% |
| Tangible fixed assets | 22/27 | €12,244 | €268,517 | +€256,273 | +2,093% |
| Land and buildings | 22 | - | €255,189 | +€255,189 | |
| Plant, machinery and equipment | 23 | €6,964 | €9,504 | +€2,540 | +36.5% |
| Furniture and vehicles | 24 | €5,280 | €3,824 | -€1,456 | -27.6% |
| Current assets | 29/58 | €196,082 | €120,211 | -€75,871 | -38.7% |
| Amounts receivable within one year | 40/41 | €191,442 | €109,095 | -€82,347 | -43.0% |
| Other amounts receivable | 41 | €191,442 | €109,095 | -€82,347 | -43.0% |
| Cash at bank and in hand | 54/58 | €4,593 | €6,945 | +€2,352 | +51.2% |
| Deferred charges and accrued income | 490/1 | €47 | €4,171 | +€4,124 | +8,774% |
| Total equity and liabilities | 10/49 | €208,326 | €388,728 | +€180,402 | +86.6% |
| Equity | 10/15 | €133,223 | €168,937 | +€35,714 | +26.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €120,000 | €155,000 | +€35,000 | +29.2% |
| Distributable reserves | 133 | €120,000 | €155,000 | +€35,000 | +29.2% |
| Profit (loss) carried forward | 14 | €9,223 | €9,937 | +€714 | +7.7% |
| Amounts payable | 17/49 | €75,103 | €219,791 | +€144,688 | +193% |
| Amounts payable after more than one year | 17 | €2,544 | €142,380 | +€139,836 | +5,497% |
| Financial debts | 170/4 | €2,544 | €142,380 | +€139,836 | +5,497% |
| Amounts payable within one year | 42/48 | €72,559 | €77,411 | +€4,852 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €1,802 | €15,292 | +€13,490 | +749% |
| Financial debts | 43 | €22,000 | - | -€22,000 | |
| Credit institutions | 430/8 | €22,000 | - | -€22,000 | |
| Trade debts | 44 | €1,045 | €141 | -€904 | -86.5% |
| Suppliers | 440/4 | €1,045 | €141 | -€904 | -86.5% |
| Taxes, remuneration and social security | 45 | €47,712 | €61,978 | +€14,266 | +29.9% |
| Taxes | 450/3 | €47,712 | €61,978 | +€14,266 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,987 | €45,377 | +€41,390 | +1,038% |
| Other operating charges | 640/8 | €579 | €722 | +€143 | +24.7% |
| Gross operating margin | 9900 | €184,250 | €104,955 | -€79,295 | -43.0% |
| Operating profit (loss) | 9901 | €179,684 | €58,856 | -€120,828 | -67.2% |
| Financial income | 75/76B | €85 | €632 | +€547 | +644% |
| Recurring financial income | 75 | €85 | €381 | +€296 | +348% |
| Non-recurring financial income | 76B | - | €251 | +€251 | |
| Financial charges | 65/66B | €2,846 | €5,023 | +€2,177 | +76.5% |
| Recurring financial charges | 65 | €2,846 | €5,023 | +€2,177 | +76.5% |
| Profit (loss) for the period before taxes | 9903 | €176,923 | €54,465 | -€122,458 | -69.2% |
| Income taxes | 67/77 | €47,700 | €18,751 | -€28,949 | -60.7% |
| Profit (loss) for the period | 9904 | €129,223 | €35,714 | -€93,509 | -72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €129,223 | €35,714 | -€93,509 | -72.4% |
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 13 October 2026 via checked.be.