SOGENAM: 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.
SOGENAM
Largest movements
- Cash +€704,745
up €704,745 (+116%), from €608,402 to €1.3m
mainly Net result for the year (+€597,035) and Other debts (+€529,000)
- Receivables within one year -€390,421
down €390,421 (-43.0%), from €907,545 to €517,124
- Other debts +€529,000
up €529,000 (+92.8%), from €570,000 to €1.1m
- Contributions -€310,017
down €310,017 (-83.4%), from €371,549 to €61,531
of which Capital: -€309,869
- Trade debts +€161,170
up €161,170 (+44.5%), from €362,025 to €523,195
- Advances received -€89,449
no longer reported in 2025 (was €89,449)
- Profit (loss) carried forward +€78,053
up €78,053 (+323%), from €24,155 to €102,208
- Gross operating margin +€31,128
up €31,128 (+2.0%), from €1.5m to €1.6m
- Staff costs +€28,646
up €28,646 (+4.0%), from €711,312 to €739,958
- Other operating charges -€20,730
down €20,730 (-79.4%), from €26,094 to €5,364
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 | €1,569,323 | €1,892,602 | +€323,279 | +20.6% |
| Fixed assets | 21/28 | €41,750 | €58,284 | +€16,535 | +39.6% |
| Tangible fixed assets | 22/27 | €41,750 | €58,284 | +€16,535 | +39.6% |
| Furniture and vehicles | 24 | €41,750 | €58,284 | +€16,535 | +39.6% |
| Current assets | 29/58 | €1,527,573 | €1,834,317 | +€306,745 | +20.1% |
| Amounts receivable within one year | 40/41 | €907,545 | €517,124 | -€390,421 | -43.0% |
| Trade receivables | 40 | €907,545 | €517,124 | -€390,421 | -43.0% |
| Cash at bank and in hand | 54/58 | €608,402 | €1,313,147 | +€704,745 | +116% |
| Deferred charges and accrued income | 490/1 | €11,625 | €4,046 | -€7,579 | -65.2% |
| Total equity and liabilities | 10/49 | €1,569,323 | €1,892,602 | +€323,279 | +20.6% |
| Equity | 10/15 | €432,844 | €200,879 | -€231,965 | -53.6% |
| Contributions | 10/11 | €371,549 | €61,531 | -€310,017 | -83.4% |
| Capital | 10 | €371,400 | €61,531 | -€309,869 | -83.4% |
| Issued capital | 100 | €371,400 | €61,531 | -€309,869 | -83.4% |
| Contributions outside capital | 11 | €149 | - | -€149 | |
| Share premium | 1100/10 | €149 | - | -€149 | |
| Reserves | 13 | €37,140 | €37,140 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,140 | €37,140 | = | 0.0% |
| Legal reserve | 130 | €37,140 | €37,140 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,155 | €102,208 | +€78,053 | +323% |
| Amounts payable | 17/49 | €1,136,479 | €1,691,723 | +€555,244 | +48.9% |
| Amounts payable within one year | 42/48 | €1,136,479 | €1,691,723 | +€555,244 | +48.9% |
| Trade debts | 44 | €362,025 | €523,195 | +€161,170 | +44.5% |
| Suppliers | 440/4 | €362,025 | €523,195 | +€161,170 | +44.5% |
| Advances received on contracts in progress | 46 | €89,449 | - | -€89,449 | |
| Taxes, remuneration and social security | 45 | €115,005 | €69,528 | -€45,477 | -39.5% |
| Taxes | 450/3 | €53,353 | - | -€53,353 | |
| Remuneration and social security | 454/9 | €61,652 | €69,528 | +€7,876 | +12.8% |
| Other amounts payable | 47/48 | €570,000 | €1,099,000 | +€529,000 | +92.8% |
| Non-recurring operating income | 76A | €1,475 | - | -€1,475 | |
| Remuneration, social security and pensions | 62 | €711,312 | €739,958 | +€28,646 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,769 | €27,589 | +€13,819 | +100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,754 | €3,649 | -€3,105 | -46.0% |
| Other operating charges | 640/8 | €26,094 | €5,364 | -€20,730 | -79.4% |
| Gross operating margin | 9900 | €1,546,335 | €1,577,464 | +€31,128 | +2.0% |
| Operating profit (loss) | 9901 | €788,406 | €800,904 | +€12,498 | +1.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €746 | €864 | +€119 | +15.9% |
| Recurring financial charges | 65 | €746 | €864 | +€119 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €787,662 | €800,040 | +€12,378 | +1.6% |
| Income taxes | 67/77 | €210,409 | €203,005 | -€7,404 | -3.5% |
| Profit (loss) for the period | 9904 | €577,253 | €597,035 | +€19,782 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €577,253 | €597,035 | +€19,782 | +3.4% |
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 14 October 2026 via checked.be.