Sogepau: 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.
Sogepau
Largest movements
- Financial fixed assets -€594,470
down €594,470 (-42.5%), from €1.4m to €805,506
- Receivables within one year +€15,183
new in 2025: €15,183
of which Trade receivables: +€14,036
- Profit (loss) carried forward -€586,171
down €586,171, from €52,837 to -€533,334
- Debts after one year -€140,432
down €140,432 (-23.7%), from €591,711 to €451,278
- Other debts +€119,098
up €119,098 (+18.5%), from €644,991 to €764,089
- Financial charges -€4,378
down €4,378 (-15.2%), from €28,886 to €24,508
- Gross operating margin +€2,527
up €2,527 (+2.9%), from €87,080 to €89,607
- Other operating charges +€1,870
up €1,870 (+478%), from €391 to €2,262
- Taxes +€1,613
up €1,613 (+13.2%), from €12,240 to €13,853
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 | €1,458,305 | €855,090 | -€603,215 | -41.4% |
| Fixed assets | 21/28 | €1,433,013 | €827,233 | -€605,780 | -42.3% |
| Tangible fixed assets | 22/27 | €33,036 | €21,726 | -€11,310 | -34.2% |
| Furniture and vehicles | 24 | €33,036 | €21,726 | -€11,310 | -34.2% |
| Financial fixed assets | 28 | €1,399,977 | €805,506 | -€594,470 | -42.5% |
| Current assets | 29/58 | €25,292 | €27,857 | +€2,565 | +10.1% |
| Amounts receivable within one year | 40/41 | - | €15,183 | +€15,183 | |
| Trade receivables | 40 | - | €14,036 | +€14,036 | |
| Other amounts receivable | 41 | - | €1,147 | +€1,147 | |
| Cash at bank and in hand | 54/58 | €23,189 | €10,353 | -€12,836 | -55.4% |
| Deferred charges and accrued income | 490/1 | €2,104 | €2,322 | +€218 | +10.4% |
| Total equity and liabilities | 10/49 | €1,458,305 | €855,090 | -€603,215 | -41.4% |
| Equity | 10/15 | €57,837 | -€528,334 | -€586,171 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,837 | -€533,334 | -€586,171 | |
| Amounts payable | 17/49 | €1,400,468 | €1,383,424 | -€17,044 | -1.2% |
| Amounts payable after more than one year | 17 | €591,711 | €451,278 | -€140,432 | -23.7% |
| Financial debts | 170/4 | €591,711 | €451,278 | -€140,432 | -23.7% |
| Amounts payable within one year | 42/48 | €808,733 | €932,121 | +€123,387 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €135,714 | €140,432 | +€4,719 | +3.5% |
| Trade debts | 44 | €1,953 | €1,699 | -€253 | -13.0% |
| Suppliers | 440/4 | €1,953 | €1,699 | -€253 | -13.0% |
| Taxes, remuneration and social security | 45 | €26,076 | €25,900 | -€176 | -0.7% |
| Taxes | 450/3 | €26,076 | €25,900 | -€176 | -0.7% |
| Other amounts payable | 47/48 | €644,991 | €764,089 | +€119,098 | +18.5% |
| Accrued charges and deferred income | 492/3 | €25 | €25 | +€0 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,872 | €11,310 | +€437 | +4.0% |
| Other operating charges | 640/8 | €391 | €2,262 | +€1,870 | +478% |
| Non-recurring operating charges | 66A | - | €623,845 | +€623,845 | |
| Gross operating margin | 9900 | €87,080 | €89,607 | +€2,527 | +2.9% |
| Operating profit (loss) | 9901 | €75,816 | -€547,809 | -€623,625 | |
| Financial charges | 65/66B | €28,886 | €24,508 | -€4,378 | -15.2% |
| Recurring financial charges | 65 | €28,886 | €24,508 | -€4,378 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €46,930 | -€572,318 | -€619,248 | |
| Income taxes | 67/77 | €12,240 | €13,853 | +€1,613 | +13.2% |
| Profit (loss) for the period | 9904 | €34,690 | -€586,171 | -€620,861 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,690 | -€586,171 | -€620,861 |
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 18 October 2026 via checked.be.