SOGEM: 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.
What changed
SOGEM
NACE 46.499, Wholesale of other household goods
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€23,304
2024 · -€91,053+€114,357
Equity
€5.9m
2024 · €5.8m+€99,082
Cash
€366,698
2024 · €230,248+€136,450
Balance sheet total
€12.4m
2024 · €12.6m-€123,376
Largest movements
Assets
- Stocks and contracts -€1.1m
down €1.1m (-25.3%), from €4.3m to €3.2m
- Receivables within one year +€538,351
up €538,351 (+17.1%), from €3.1m to €3.7m
of which Trade receivables: +€537,089
- Tangible fixed assets +€310,428
up €310,428 (+11.1%), from €2.8m to €3.1m
of which Assets under construction and advance payments: +€424,152
- Cash +€136,450
up €136,450 (+59.3%), from €230,248 to €366,698
mainly Stocks and contracts (+€1.1m) and Debts after one year (+€347,548)
Equity and liabilities
- Short-term financial debts -€400,000
down €400,000 (-12.9%), from €3.1m to €2.7m
- Debts after one year +€347,548
up €347,548 (+164%), from €212,451 to €559,999
- Trade debts -€286,363
down €286,363 (-11.8%), from €2.4m to €2.1m
Income statement
- Turnover +€1.8m
up €1.8m (+13.4%), from €13.7m to €15.5m
- Goods and materials +€1.3m
up €1.3m (+16.9%), from €7.9m to €9.3m
of which Change in stocks: decrease (increase): +€1.4m
- Staff costs +€221,358
up €221,358 (+15.3%), from €1.4m to €1.7m
- Services and other goods +€195,941
up €195,941 (+4.8%), from €4.1m to €4.3m
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.
Result 2024
-€91,053
Turnover
+€1.8m
Other operating income
-€25,150
Goods and materials
-€1.3m
Services and other goods
-€195,941
Staff costs
-€221,358
Depreciation
-€33,453
Write-downs
+€28,184
Other operating charges
+€424
Financial income
+€21,679
Financial charges
+€38,393
Taxes
-€350
Result 2025
€23,304
raises the resultlowers the result
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.
From operations
+€689,914
Investment
-€608,203
Financing
+€54,739
Cash 2024
€230,248
From operations (derived)
+€689,914
Net result for the year
+€23,304
Depreciation
+€312,082
Stocks and contracts
+€1.1m
Receivables within one year
-€538,351
Deferred charges and accrued income
+€17,884
Provisions
+€14,875
Trade debts
-€286,363
Tax, wage and social debts
+€84,802
Advances received
-€32,697
Other debts
+€10,046
Accrued charges and deferred income
+€7,918
Investment (derived)
-€608,203
Investment in fixed assets (net)
-€608,203
Financing
+€54,739
Debts after one year
+€347,548
Current portion of long-term debt
+€31,413
Short-term financial debts
-€400,000
Contributions, distributions and other
+€75,778
Cash 2025
€366,698
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,555,596 | €12,432,220 | -€123,376 | -1.0% |
| Fixed assets | 21/28 | €4,889,807 | €5,185,928 | +€296,121 | +6.1% |
| Intangible fixed assets | 21 | €20,867 | €6,560 | -€14,307 | -68.6% |
| Tangible fixed assets | 22/27 | €2,799,091 | €3,109,519 | +€310,428 | +11.1% |
| Land and buildings | 22 | €2,269,275 | €2,243,871 | -€25,404 | -1.1% |
| Plant, machinery and equipment | 23 | €135,970 | €117,286 | -€18,684 | -13.7% |
| Furniture and vehicles | 24 | €350,344 | €319,555 | -€30,789 | -8.8% |
| Leasing and similar rights | 25 | €43,502 | €4,655 | -€38,847 | -89.3% |
| Assets under construction and advance payments | 27 | - | €424,152 | +€424,152 | |
| Financial fixed assets | 28 | €2,069,849 | €2,069,849 | = | 0.0% |
| Affiliated companies | 280/1 | €2,065,906 | €2,065,906 | = | 0.0% |
| Participating interests | 280 | €2,065,906 | €2,065,906 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,943 | €3,943 | = | 0.0% |
| Shares | 284 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,943 | €2,943 | = | 0.0% |
| Current assets | 29/58 | €7,665,789 | €7,246,292 | -€419,497 | -5.5% |
| Stocks and contracts in progress | 3 | €4,255,493 | €3,179,079 | -€1.1m | -25.3% |
| Stocks | 30/36 | €4,255,493 | €3,179,079 | -€1.1m | -25.3% |
| Goods purchased for resale | 34 | €4,255,493 | €3,179,079 | -€1.1m | -25.3% |
| Amounts receivable within one year | 40/41 | €3,148,789 | €3,687,140 | +€538,351 | +17.1% |
| Trade receivables | 40 | €3,096,191 | €3,633,280 | +€537,089 | +17.3% |
| Other amounts receivable | 41 | €52,598 | €53,860 | +€1,262 | +2.4% |
| Cash at bank and in hand | 54/58 | €230,248 | €366,698 | +€136,450 | +59.3% |
| Deferred charges and accrued income | 490/1 | €31,259 | €13,375 | -€17,884 | -57.2% |
| Total equity and liabilities | 10/49 | €12,555,596 | €12,432,220 | -€123,376 | -1.0% |
| Equity | 10/15 | €5,766,306 | €5,865,388 | +€99,082 | +1.7% |
| Contributions | 10/11 | €1,120,600 | €1,120,600 | = | 0.0% |
| Capital | 10 | €1,120,600 | €1,120,600 | = | 0.0% |
| Issued capital | 100 | €1,120,600 | €1,120,600 | = | 0.0% |
| Reserves | 13 | €1,737,319 | €1,676,943 | -€60,376 | -3.5% |
| Non-distributable reserves | 130/1 | €112,060 | €112,060 | = | 0.0% |
| Legal reserve | 130 | €112,060 | €112,060 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,381,561 | €1,131,735 | -€249,826 | -18.1% |
| Distributable reserves | 133 | €243,698 | €433,148 | +€189,450 | +77.7% |
| Profit (loss) carried forward | 14 | €2,898,787 | €2,982,467 | +€83,680 | +2.9% |
| Investment grants | 15 | €9,600 | €85,378 | +€75,778 | +789% |
| Provisions and deferred taxes | 16 | €441,320 | €456,195 | +€14,875 | +3.4% |
| Provisions for liabilities and charges | 160/5 | €65,000 | €100,000 | +€35,000 | +53.8% |
| Other liabilities and charges | 164/5 | €65,000 | €100,000 | +€35,000 | +53.8% |
| Deferred taxes | 168 | €376,320 | €356,195 | -€20,125 | -5.3% |
| Amounts payable | 17/49 | €6,347,970 | €6,110,637 | -€237,333 | -3.7% |
| Amounts payable after more than one year | 17 | €212,451 | €559,999 | +€347,548 | +164% |
| Financial debts | 170/4 | €212,451 | €559,999 | +€347,548 | +164% |
| Subordinated loans | 170 | - | €391,827 | +€391,827 | |
| Leasing and similar obligations | 172 | €4,715 | - | -€4,715 | |
| Credit institutions | 173 | €207,736 | €168,172 | -€39,564 | -19.0% |
| Amounts payable within one year | 42/48 | €6,134,889 | €5,542,090 | -€592,799 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €97,316 | €128,729 | +€31,413 | +32.3% |
| Financial debts | 43 | €3,100,000 | €2,700,000 | -€400,000 | -12.9% |
| Credit institutions | 430/8 | €3,100,000 | €2,700,000 | -€400,000 | -12.9% |
| Trade debts | 44 | €2,426,588 | €2,140,225 | -€286,363 | -11.8% |
| Suppliers | 440/4 | €2,426,588 | €2,140,225 | -€286,363 | -11.8% |
| Advances received on contracts in progress | 46 | €66,654 | €33,957 | -€32,697 | -49.1% |
| Taxes, remuneration and social security | 45 | €412,663 | €497,465 | +€84,802 | +20.5% |
| Taxes | 450/3 | €101,368 | €117,255 | +€15,887 | +15.7% |
| Remuneration and social security | 454/9 | €311,295 | €380,210 | +€68,915 | +22.1% |
| Other amounts payable | 47/48 | €31,668 | €41,714 | +€10,046 | +31.7% |
| Accrued charges and deferred income | 492/3 | €630 | €8,548 | +€7,918 | +1,257% |
| Operating income | 70/76A | €13,831,236 | €15,646,851 | +€1.8m | +13.1% |
| Turnover | 70 | €13,699,810 | €15,540,575 | +€1.8m | +13.4% |
| Other operating income | 74 | €131,426 | €106,276 | -€25,150 | -19.1% |
| Operating charges | 60/66A | €13,806,267 | €15,567,247 | +€1.8m | +12.8% |
| Goods for resale, raw materials and consumables | 60 | €7,913,514 | €9,252,350 | +€1.3m | +16.9% |
| Purchases | 600/8 | €8,218,165 | €8,175,862 | -€42,303 | -0.5% |
| Change in stocks: decrease (increase) | 609 | -€304,651 | €1,076,488 | +€1.4m | |
| Services and other goods | 61 | €4,071,023 | €4,266,964 | +€195,941 | +4.8% |
| Remuneration, social security and pensions | 62 | €1,447,635 | €1,668,993 | +€221,358 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278,629 | €312,082 | +€33,453 | +12.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €30,686 | €2,502 | -€28,184 | -91.8% |
| Other operating charges | 640/8 | €64,780 | €64,356 | -€424 | -0.7% |
| Operating profit (loss) | 9901 | €24,969 | €79,604 | +€54,635 | +219% |
| Financial income | 75/76B | €27,395 | €49,074 | +€21,679 | +79.1% |
| Recurring financial income | 75 | €27,395 | €49,074 | +€21,679 | +79.1% |
| Other financial income | 752/9 | €27,395 | €49,074 | +€21,679 | +79.1% |
| Financial charges | 65/66B | €161,581 | €123,188 | -€38,393 | -23.8% |
| Recurring financial charges | 65 | €161,581 | €123,188 | -€38,393 | -23.8% |
| Debt charges | 650 | €141,640 | €104,366 | -€37,274 | -26.3% |
| Other financial charges | 652/9 | €19,941 | €18,822 | -€1,119 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | -€109,217 | €5,490 | +€114,707 | |
| Transfer from deferred taxes | 780 | €20,125 | €20,125 | = | 0.0% |
| Income taxes | 67/77 | €1,961 | €2,311 | +€350 | +17.8% |
| Taxes | 670/3 | €1,961 | €2,311 | +€350 | +17.8% |
| Profit (loss) for the period | 9904 | -€91,053 | €23,304 | +€114,357 | |
| Transfer from tax-exempt reserves | 789 | €279,296 | €249,826 | -€29,470 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €188,243 | €273,130 | +€84,887 | +45.1% |
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 28 October 2026 via checked.be.