SOGELYS: 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.
SOGELYS
Largest movements
- Receivables after one year -€31,668
down €31,668 (-100%), from €31,668 to €0
of which Other amounts receivable: -€31,668
- Cash -€22,819
down €22,819 (-67.0%), from €34,055 to €11,236
mainly Debts after one year (-€287,265) and Contributions, distributions and other (-€39,000)
- Tangible fixed assets -€17,091
down €17,091 (-26.7%), from €63,909 to €46,818
of which Furniture and vehicles: -€17,091
- Receivables within one year -€13,244
down €13,244 (-22.5%), from €58,733 to €45,489
of which Trade receivables: -€15,625
- Debts after one year -€287,265
down €287,265 (-93.9%), from €305,906 to €18,641
- Current portion of long-term debt +€212,482
up €212,482 (+280%), from €75,894 to €288,376
- Short-term financial debts -€25,336
down €25,336 (-88.4%), from €28,677 to €3,340
- Tax, wage and social debts +€8,695
up €8,695 (+23.7%), from €36,672 to €45,367
of which Taxes: +€8,695
- Gross operating margin -€52,862
down €52,862 (-30.6%), from €172,716 to €119,854
- Provisions -€18,500
down €18,500 (-100%), from €18,500 to €0
- Depreciation +€4,552
up €4,552 (+33.6%), from €13,530 to €18,082
- Other operating charges -€3,200
down €3,200 (-56.6%), from €5,657 to €2,457
- Financial charges -€1,783
down €1,783 (-11.3%), from €15,778 to €13,995
of which Financial charges: -€1,783
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 | €771,432 | €682,025 | -€89,407 | -11.6% |
| Fixed assets | 21/28 | €638,909 | €621,818 | -€17,091 | -2.7% |
| Tangible fixed assets | 22/27 | €63,909 | €46,818 | -€17,091 | -26.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €63,059 | €45,968 | -€17,091 | -27.1% |
| Other tangible fixed assets | 26 | €850 | €850 | = | 0.0% |
| Financial fixed assets | 28 | €575,000 | €575,000 | = | 0.0% |
| Current assets | 29/58 | €132,522 | €60,207 | -€72,315 | -54.6% |
| Amounts receivable after more than one year | 29 | €31,668 | €0 | -€31,668 | -100% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €31,668 | €0 | -€31,668 | -100% |
| Amounts receivable within one year | 40/41 | €58,733 | €45,489 | -€13,244 | -22.5% |
| Trade receivables | 40 | €58,564 | €42,939 | -€15,625 | -26.7% |
| Other amounts receivable | 41 | €169 | €2,550 | +€2,381 | +1,407% |
| Cash at bank and in hand | 54/58 | €34,055 | €11,236 | -€22,819 | -67.0% |
| Deferred charges and accrued income | 490/1 | €8,066 | €3,482 | -€4,584 | -56.8% |
| Total equity and liabilities | 10/49 | €771,432 | €682,025 | -€89,407 | -11.6% |
| Equity | 10/15 | €299,060 | €305,612 | +€6,552 | +2.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €266,799 | €272,799 | +€6,000 | +2.2% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €263,700 | €269,700 | +€6,000 | +2.3% |
| Profit (loss) carried forward | 14 | €1,274 | €1,827 | +€552 | +43.3% |
| Provisions and deferred taxes | 16 | €18,500 | €18,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €18,500 | €18,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €18,500 | €18,500 | = | 0.0% |
| Amounts payable | 17/49 | €453,872 | €357,913 | -€95,959 | -21.1% |
| Amounts payable after more than one year | 17 | €305,906 | €18,641 | -€287,265 | -93.9% |
| Financial debts | 170/4 | €305,906 | €18,641 | -€287,265 | -93.9% |
| Amounts payable within one year | 42/48 | €147,966 | €339,272 | +€191,306 | +129% |
| Current portion of amounts payable after more than one year | 42 | €75,894 | €288,376 | +€212,482 | +280% |
| Financial debts | 43 | €28,677 | €3,340 | -€25,336 | -88.4% |
| Credit institutions | 430/8 | €28,677 | €3,340 | -€25,336 | -88.4% |
| Trade debts | 44 | €4,643 | €2,188 | -€2,455 | -52.9% |
| Suppliers | 440/4 | €4,643 | €2,188 | -€2,455 | -52.9% |
| Taxes, remuneration and social security | 45 | €36,672 | €45,367 | +€8,695 | +23.7% |
| Taxes | 450/3 | €36,672 | €45,367 | +€8,695 | +23.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,080 | €0 | -€2,080 | -100% |
| Remuneration, social security and pensions | 62 | €1,368 | €1,257 | -€112 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,530 | €18,082 | +€4,552 | +33.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €18,500 | €0 | -€18,500 | -100% |
| Other operating charges | 640/8 | €5,657 | €2,457 | -€3,200 | -56.6% |
| Gross operating margin | 9900 | €172,716 | €119,854 | -€52,862 | -30.6% |
| Operating profit (loss) | 9901 | €133,660 | €98,058 | -€35,602 | -26.6% |
| Financial income | 75/76B | €992 | €627 | -€365 | -36.8% |
| Recurring financial income | 75 | €992 | €627 | -€365 | -36.8% |
| Financial charges | 65/66B | €15,778 | €13,995 | -€1,783 | -11.3% |
| Recurring financial charges | 65 | €15,778 | €13,995 | -€1,783 | -11.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €118,874 | €84,690 | -€34,183 | -28.8% |
| Income taxes | 67/77 | €40,596 | €39,138 | -€1,458 | -3.6% |
| Profit (loss) for the period | 9904 | €78,278 | €45,552 | -€32,726 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €78,278 | €45,552 | -€32,726 | -41.8% |
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 27 October 2026 via checked.be.