SOGEOS: 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.
SOGEOS
Largest movements
- Current investments -€60,000
down €60,000 (-92.3%), from €65,000 to €5,000
- Cash +€53,725
up €53,725 (+261%), from €20,600 to €74,325
mainly Current investments (+€60,000) and Depreciation (+€20,059)
- Receivables within one year -€16,357
down €16,357 (-50.0%), from €32,721 to €16,363
of which Trade receivables: -€11,979
- Tangible fixed assets -€11,729
down €11,729 (-38.6%), from €30,373 to €18,645
of which Furniture and vehicles: -€11,397
- Intangible fixed assets -€8,423
down €8,423 (-62.0%), from €13,592 to €5,169
- Profit (loss) carried forward -€24,320
down €24,320 (-36.5%), from €66,712 to €42,393
- Trade debts -€12,699
down €12,699 (-81.3%), from €15,616 to €2,917
- Tax, wage and social debts -€6,529
down €6,529 (-61.1%), from €10,684 to €4,155
of which Taxes: -€6,531
- Turnover -€166,925
down €166,925 (-53.4%), from €312,452 to €145,527
- Purchases and services -€90,337
down €90,337 (-35.4%), from €255,300 to €164,964
- Gross operating margin -€69,208
down €69,208, from €68,806 to -€402
- Taxes -€12,199
down €12,199, from €10,725 to -€1,474
- Depreciation -€5,492
down €5,492 (-21.5%), from €25,551 to €20,059
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 | €164,705 | €121,674 | -€43,031 | -26.1% |
| Fixed assets | 21/28 | €43,965 | €23,813 | -€20,152 | -45.8% |
| Intangible fixed assets | 21 | €13,592 | €5,169 | -€8,423 | -62.0% |
| Tangible fixed assets | 22/27 | €30,373 | €18,645 | -€11,729 | -38.6% |
| Furniture and vehicles | 24 | €26,384 | €14,987 | -€11,397 | -43.2% |
| Other tangible fixed assets | 26 | €2,314 | €1,982 | -€331 | -14.3% |
| Assets under construction and advance payments | 27 | €1,676 | €1,676 | = | 0.0% |
| Current assets | 29/58 | €120,740 | €97,860 | -€22,879 | -18.9% |
| Amounts receivable within one year | 40/41 | €32,721 | €16,363 | -€16,357 | -50.0% |
| Trade receivables | 40 | €28,343 | €16,363 | -€11,979 | -42.3% |
| Other amounts receivable | 41 | €4,378 | - | -€4,378 | |
| Current investments | 50/53 | €65,000 | €5,000 | -€60,000 | -92.3% |
| Cash at bank and in hand | 54/58 | €20,600 | €74,325 | +€53,725 | +261% |
| Deferred charges and accrued income | 490/1 | €2,419 | €2,172 | -€247 | -10.2% |
| Total equity and liabilities | 10/49 | €164,705 | €121,674 | -€43,031 | -26.1% |
| Equity | 10/15 | €137,122 | €112,803 | -€24,320 | -17.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €51,860 | €51,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,712 | €42,393 | -€24,320 | -36.5% |
| Amounts payable | 17/49 | €27,583 | €8,871 | -€18,712 | -67.8% |
| Amounts payable within one year | 42/48 | €27,583 | €7,521 | -€20,062 | -72.7% |
| Trade debts | 44 | €15,616 | €2,917 | -€12,699 | -81.3% |
| Suppliers | 440/4 | €15,616 | €2,917 | -€12,699 | -81.3% |
| Taxes, remuneration and social security | 45 | €10,684 | €4,155 | -€6,529 | -61.1% |
| Taxes | 450/3 | €10,684 | €4,153 | -€6,531 | -61.1% |
| Remuneration and social security | 454/9 | - | €1 | +€1 | |
| Other amounts payable | 47/48 | €1,283 | €449 | -€834 | -65.0% |
| Accrued charges and deferred income | 492/3 | - | €1,350 | +€1,350 | |
| Turnover | 70 | €312,452 | €145,527 | -€166,925 | -53.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €255,300 | €164,964 | -€90,337 | -35.4% |
| Remuneration, social security and pensions | 62 | €4,401 | €5,457 | +€1,055 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,551 | €20,059 | -€5,492 | -21.5% |
| Other operating charges | 640/8 | €687 | €707 | +€19 | +2.8% |
| Gross operating margin | 9900 | €68,806 | -€402 | -€69,208 | |
| Operating profit (loss) | 9901 | €38,167 | -€26,624 | -€64,791 | |
| Financial income | 75/76B | €1,314 | €915 | -€399 | -30.3% |
| Recurring financial income | 75 | €1,314 | €915 | -€399 | -30.3% |
| Financial charges | 65/66B | €254 | €84 | -€170 | -66.8% |
| Recurring financial charges | 65 | €254 | €84 | -€170 | -66.8% |
| Profit (loss) for the period before taxes | 9903 | €39,227 | -€25,793 | -€65,020 | |
| Income taxes | 67/77 | €10,725 | -€1,474 | -€12,199 | |
| Profit (loss) for the period | 9904 | €28,502 | -€24,320 | -€52,821 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,502 | -€24,320 | -€52,821 |
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.