SOGEMOB: 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
SOGEMOB
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€96,164
2024 · €72,659+€23,505
Equity
€3.6m
2024 · €3.1m+€470,049
Cash
€548,826
2024 · €546,887+€1,938
Balance sheet total
€6.9m
2024 · €6.4m+€455,541
Largest movements
Assets
- Stocks and contracts +€563,449
up €563,449 (+15.0%), from €3.8m to €4.3m
- Tangible fixed assets -€384,606
down €384,606 (-23.5%), from €1.6m to €1.2m
of which Land and buildings: -€385,337
- Receivables within one year +€274,504
up €274,504 (+114%), from €240,458 to €514,962
of which Trade receivables: +€239,733
Equity and liabilities
- Contributions +€875,435
up €875,435 (+43.8%), from €2.0m to €2.9m
- Profit (loss) carried forward -€371,430
down €371,430, from €2,224 to -€369,206
- Debts after one year -€189,888
down €189,888 (-9.6%), from €2.0m to €1.8m
of which Financial debts: -€197,888
- Other debts +€121,500
up €121,500 (+303,750%), from €40 to €121,540
Income statement
- Gross operating margin -€69,105
down €69,105 (-13.3%), from €520,027 to €450,922
- Other operating charges -€60,521
down €60,521 (-56.9%), from €106,395 to €45,874
- Financial income -€36,334
down €36,334 (-99.5%), from €36,529 to €195
of which Financial income: -€28,573
- Taxes -€32,392
down €32,392 (-94.7%), from €34,211 to €1,818
- Financial charges -€25,751
down €25,751 (-15.1%), from €170,340 to €144,588
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
€72,659
Gross operating margin
-€69,105
Staff costs
-€2,435
Depreciation
+€12,715
Other operating charges
+€60,521
Financial income
-€36,334
Financial charges
+€25,751
Taxes
+€32,392
Result 2025
€96,164
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
-€570,226
Investment
+€324,237
Financing
+€247,928
Cash 2024
€546,887
From operations (derived)
-€570,226
Net result for the year
+€96,164
Depreciation
+€60,335
Stocks and contracts
-€563,449
Receivables within one year
-€274,504
Deferred charges and accrued income
-€221
Trade debts
+€33,461
Tax, wage and social debts
-€6,917
Other debts
+€121,500
Accrued charges and deferred income
-€36,594
Investment (derived)
+€324,237
Investment in fixed assets (net)
+€324,271
Current investments
-€34
Financing
+€247,928
Debts after one year
-€189,888
Current portion of long-term debt
+€5,076
Short-term financial debts
+€58,855
Contributions, distributions and other
+€373,885
Cash 2025
€548,826
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,406,231 | €6,861,772 | +€455,541 | +7.1% |
| Fixed assets | 21/28 | €1,635,133 | €1,250,527 | -€384,606 | -23.5% |
| Tangible fixed assets | 22/27 | €1,633,673 | €1,249,067 | -€384,606 | -23.5% |
| Land and buildings | 22 | €1,602,668 | €1,217,332 | -€385,337 | -24.0% |
| Furniture and vehicles | 24 | €18,917 | €21,003 | +€2,086 | +11.0% |
| Other tangible fixed assets | 26 | €12,087 | €10,732 | -€1,355 | -11.2% |
| Financial fixed assets | 28 | €1,460 | €1,460 | = | 0.0% |
| Current assets | 29/58 | €4,771,098 | €5,611,245 | +€840,147 | +17.6% |
| Stocks and contracts in progress | 3 | €3,753,732 | €4,317,182 | +€563,449 | +15.0% |
| Stocks | 30/36 | €3,753,732 | €4,317,182 | +€563,449 | +15.0% |
| Amounts receivable within one year | 40/41 | €240,458 | €514,962 | +€274,504 | +114% |
| Trade receivables | 40 | €211,822 | €451,554 | +€239,733 | +113% |
| Other amounts receivable | 41 | €28,636 | €63,408 | +€34,772 | +121% |
| Current investments | 50/53 | €230,020 | €230,054 | +€34 | 0.0% |
| Cash at bank and in hand | 54/58 | €546,887 | €548,826 | +€1,938 | +0.4% |
| Deferred charges and accrued income | 490/1 | - | €221 | +€221 | |
| Total equity and liabilities | 10/49 | €6,406,231 | €6,861,772 | +€455,541 | +7.1% |
| Equity | 10/15 | €3,098,075 | €3,568,124 | +€470,049 | +15.2% |
| Contributions | 10/11 | €2,000,000 | €2,875,435 | +€875,435 | +43.8% |
| Capital | 10 | €2,000,000 | €2,875,435 | +€875,435 | +43.8% |
| Issued capital | 100 | €2,000,000 | €2,875,435 | +€875,435 | +43.8% |
| Reserves | 13 | €1,095,851 | €1,061,894 | -€33,956 | -3.1% |
| Non-distributable reserves | 130/1 | €313,801 | €401,344 | +€87,544 | +27.9% |
| Legal reserve | 130 | €73,196 | €160,739 | +€87,544 | +120% |
| Reserves not available under the articles | 1311 | €240,605 | €10,585 | -€230,020 | -95.6% |
| Own shares acquired | 1312 | - | €230,020 | +€230,020 | |
| Distributable reserves | 133 | €782,050 | €660,550 | -€121,500 | -15.5% |
| Profit (loss) carried forward | 14 | €2,224 | -€369,206 | -€371,430 | |
| Amounts payable | 17/49 | €3,308,156 | €3,293,648 | -€14,508 | -0.4% |
| Amounts payable after more than one year | 17 | €1,974,103 | €1,784,215 | -€189,888 | -9.6% |
| Financial debts | 170/4 | €1,974,103 | €1,776,215 | -€197,888 | -10.0% |
| Other amounts payable | 178/9 | - | €8,000 | +€8,000 | |
| Amounts payable within one year | 42/48 | €1,200,285 | €1,412,260 | +€211,975 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €34,314 | €39,390 | +€5,076 | +14.8% |
| Financial debts | 43 | €961,971 | €1,020,826 | +€58,855 | +6.1% |
| Credit institutions | 430/8 | - | €1,020,826 | +€1.0m | |
| Other loans | 439 | €961,971 | - | -€961,971 | |
| Trade debts | 44 | €41,997 | €75,458 | +€33,461 | +79.7% |
| Suppliers | 440/4 | €41,997 | €75,458 | +€33,461 | +79.7% |
| Taxes, remuneration and social security | 45 | €161,963 | €155,046 | -€6,917 | -4.3% |
| Taxes | 450/3 | €148,865 | €135,622 | -€13,243 | -8.9% |
| Remuneration and social security | 454/9 | €13,097 | €19,423 | +€6,326 | +48.3% |
| Other amounts payable | 47/48 | €40 | €121,540 | +€121,500 | +303,750% |
| Accrued charges and deferred income | 492/3 | €133,768 | €97,174 | -€36,594 | -27.4% |
| Remuneration, social security and pensions | 62 | €99,902 | €102,336 | +€2,435 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,049 | €60,335 | -€12,715 | -17.4% |
| Other operating charges | 640/8 | €106,395 | €45,874 | -€60,521 | -56.9% |
| Gross operating margin | 9900 | €520,027 | €450,922 | -€69,105 | -13.3% |
| Operating profit (loss) | 9901 | €240,680 | €242,376 | +€1,696 | +0.7% |
| Financial income | 75/76B | €36,529 | €195 | -€36,334 | -99.5% |
| Recurring financial income | 75 | €28,767 | €195 | -€28,573 | -99.3% |
| Non-recurring financial income | 76B | €7,762 | - | -€7,762 | |
| Financial charges | 65/66B | €170,340 | €144,588 | -€25,751 | -15.1% |
| Recurring financial charges | 65 | €170,340 | €144,588 | -€25,751 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €106,870 | €97,983 | -€8,887 | -8.3% |
| Income taxes | 67/77 | €34,211 | €1,818 | -€32,392 | -94.7% |
| Profit (loss) for the period | 9904 | €72,659 | €96,164 | +€23,505 | +32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,659 | €96,164 | +€23,505 | +32.4% |
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 31 October 2026 via checked.be.