SOGEMEFA: 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.
SOGEMEFA
Largest movements
- Cash -€60,784
down €60,784 (-48.1%), from €126,422 to €65,638
mainly Tax, wage and social debts (-€101,823) and Net result for the year (-€32,007)
- Receivables after one year -€50,193
down €50,193 (-9.6%), from €521,087 to €470,894
- Tangible fixed assets -€22,761
down €22,761 (-9.3%), from €244,077 to €221,315
- Tax, wage and social debts -€101,823
down €101,823 (-100%), from €101,823 to €0
- Profit (loss) carried forward -€32,007
down €32,007 (-11.0%), from €290,214 to €258,207
- Gross operating margin -€15,704
down €15,704 (-242%), from -€6,482 to -€22,185
- Financial income -€1,888
down €1,888 (-7.9%), from €23,799 to €21,911
- Depreciation -€1,364
down €1,364 (-5.7%), from €24,126 to €22,761
- Other operating charges +€270
up €270 (+3.1%), from €8,611 to €8,880
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 | €942,842 | €811,296 | -€131,546 | -14.0% |
| Fixed assets | 21/28 | €244,077 | €221,315 | -€22,761 | -9.3% |
| Tangible fixed assets | 22/27 | €244,077 | €221,315 | -€22,761 | -9.3% |
| Land and buildings | 22 | €244,077 | €221,315 | -€22,761 | -9.3% |
| Current assets | 29/58 | €698,766 | €589,981 | -€108,785 | -15.6% |
| Amounts receivable after more than one year | 29 | €521,087 | €470,894 | -€50,193 | -9.6% |
| Other amounts receivable | 291 | €521,087 | €470,894 | -€50,193 | -9.6% |
| Amounts receivable within one year | 40/41 | €48,228 | €50,193 | +€1,965 | +4.1% |
| Other amounts receivable | 41 | €48,228 | €50,193 | +€1,965 | +4.1% |
| Cash at bank and in hand | 54/58 | €126,422 | €65,638 | -€60,784 | -48.1% |
| Deferred charges and accrued income | 490/1 | €3,030 | €3,256 | +€227 | +7.5% |
| Total equity and liabilities | 10/49 | €942,842 | €811,296 | -€131,546 | -14.0% |
| Equity | 10/15 | €631,081 | €599,074 | -€32,007 | -5.1% |
| Contributions | 10/11 | €309,867 | €309,867 | = | 0.0% |
| Capital | 10 | €309,867 | €309,867 | = | 0.0% |
| Issued capital | 100 | €309,867 | €309,867 | = | 0.0% |
| Reserves | 13 | €31,000 | €31,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €31,000 | €31,000 | = | 0.0% |
| Legal reserve | 130 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €290,214 | €258,207 | -€32,007 | -11.0% |
| Amounts payable | 17/49 | €311,761 | €212,222 | -€99,539 | -31.9% |
| Amounts payable within one year | 42/48 | €311,761 | €212,222 | -€99,539 | -31.9% |
| Trade debts | 44 | €1,920 | €4,204 | +€2,284 | +119% |
| Suppliers | 440/4 | €1,920 | €4,204 | +€2,284 | +119% |
| Taxes, remuneration and social security | 45 | €101,823 | €0 | -€101,823 | -100% |
| Taxes | 450/3 | €101,823 | €0 | -€101,823 | -100% |
| Other amounts payable | 47/48 | €208,018 | €208,018 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,126 | €22,761 | -€1,364 | -5.7% |
| Other operating charges | 640/8 | €8,611 | €8,880 | +€270 | +3.1% |
| Gross operating margin | 9900 | -€6,482 | -€22,185 | -€15,704 | -242% |
| Operating profit (loss) | 9901 | -€39,218 | -€53,827 | -€14,609 | -37.3% |
| Financial income | 75/76B | €23,799 | €21,911 | -€1,888 | -7.9% |
| Recurring financial income | 75 | €23,799 | €21,911 | -€1,888 | -7.9% |
| Financial charges | 65/66B | €82 | €86 | +€5 | +5.5% |
| Recurring financial charges | 65 | €82 | €86 | +€5 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,501 | -€32,002 | -€16,501 | -106% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €5 | €5 | +€0 | +0.4% |
| Profit (loss) for the period | 9904 | -€15,506 | -€32,007 | -€16,501 | -106% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,506 | -€32,007 | -€16,501 | -106% |
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 17 October 2026 via checked.be.