SOGEMED: 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.
SOGEMED
Largest movements
- Financial fixed assets +€246,750
up €246,750 (+98,700%), from €250 to €247,000
- Current investments -€200,000
down €200,000 (-66.7%), from €300,000 to €100,000
- Cash +€44,972
up €44,972 (+17.4%), from €258,615 to €303,587
mainly Current investments (+€200,000) and Net result for the year (+€100,333)
- Deferred charges and accrued income +€23,831
up €23,831 (+328%), from €7,263 to €31,094
- Tangible fixed assets -€18,240
down €18,240 (-11.2%), from €162,291 to €144,051
of which Land and buildings: -€15,992
- Reserves +€98,667
up €98,667 (+20.1%), from €491,686 to €590,353
- Other debts +€14,841
up €14,841 (+891%), from €1,666 to €16,507
- Debts after one year -€13,906
down €13,906 (-8.8%), from €158,001 to €144,095
- Financial charges +€64,836
up €64,836 (+79.9%), from €81,115 to €145,951
- Taxes -€21,646
down €21,646 (-33.4%), from €64,753 to €43,107
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 | €732,769 | €828,255 | +€95,487 | +13.0% |
| Fixed assets | 21/28 | €162,541 | €391,051 | +€228,510 | +141% |
| Tangible fixed assets | 22/27 | €162,291 | €144,051 | -€18,240 | -11.2% |
| Land and buildings | 22 | €127,934 | €111,942 | -€15,992 | -12.5% |
| Furniture and vehicles | 24 | €12,911 | €12,340 | -€571 | -4.4% |
| Other tangible fixed assets | 26 | €21,446 | €19,769 | -€1,677 | -7.8% |
| Financial fixed assets | 28 | €250 | €247,000 | +€246,750 | +98,700% |
| Current assets | 29/58 | €570,228 | €437,204 | -€133,023 | -23.3% |
| Amounts receivable within one year | 40/41 | €4,349 | €2,523 | -€1,826 | -42.0% |
| Other amounts receivable | 41 | €4,349 | €2,523 | -€1,826 | -42.0% |
| Current investments | 50/53 | €300,000 | €100,000 | -€200,000 | -66.7% |
| Cash at bank and in hand | 54/58 | €258,615 | €303,587 | +€44,972 | +17.4% |
| Deferred charges and accrued income | 490/1 | €7,263 | €31,094 | +€23,831 | +328% |
| Total equity and liabilities | 10/49 | €732,769 | €828,255 | +€95,487 | +13.0% |
| Equity | 10/15 | €504,086 | €602,753 | +€98,667 | +19.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €491,686 | €590,353 | +€98,667 | +20.1% |
| Distributable reserves | 133 | €491,686 | €590,353 | +€98,667 | +20.1% |
| Amounts payable | 17/49 | €228,683 | €225,503 | -€3,180 | -1.4% |
| Amounts payable after more than one year | 17 | €158,001 | €144,095 | -€13,906 | -8.8% |
| Financial debts | 170/4 | €158,001 | €144,095 | -€13,906 | -8.8% |
| Amounts payable within one year | 42/48 | €70,682 | €81,407 | +€10,725 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €21,185 | €17,770 | -€3,416 | -16.1% |
| Trade debts | 44 | €3,459 | €2,591 | -€868 | -25.1% |
| Suppliers | 440/4 | €3,459 | €2,591 | -€868 | -25.1% |
| Taxes, remuneration and social security | 45 | €44,372 | €44,540 | +€168 | +0.4% |
| Taxes | 450/3 | €44,372 | €44,540 | +€168 | +0.4% |
| Other amounts payable | 47/48 | €1,666 | €16,507 | +€14,841 | +891% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,102 | €25,431 | +€328 | +1.3% |
| Other operating charges | 640/8 | €4,100 | €2,775 | -€1,325 | -32.3% |
| Non-recurring operating charges | 66A | - | €4 | +€4 | |
| Gross operating margin | 9900 | €309,804 | €308,962 | -€842 | -0.3% |
| Operating profit (loss) | 9901 | €280,602 | €280,752 | +€150 | +0.1% |
| Financial income | 75/76B | €6,049 | €8,639 | +€2,590 | +42.8% |
| Recurring financial income | 75 | €6,049 | €8,639 | +€2,590 | +42.8% |
| Financial charges | 65/66B | €81,115 | €145,951 | +€64,836 | +79.9% |
| Recurring financial charges | 65 | €81,115 | €145,951 | +€64,836 | +79.9% |
| Profit (loss) for the period before taxes | 9903 | €205,535 | €143,440 | -€62,095 | -30.2% |
| Income taxes | 67/77 | €64,753 | €43,107 | -€21,646 | -33.4% |
| Profit (loss) for the period | 9904 | €140,782 | €100,333 | -€40,449 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €140,782 | €100,333 | -€40,449 | -28.7% |
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.