SOGEPY: 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.
SOGEPY
Largest movements
- Financial fixed assets +€380,832
new in 2025: €380,832
- Cash +€67,318
up €67,318 (+131%), from €51,514 to €118,832
mainly Other debts (+€380,832) and Net result for the year (+€54,248)
- Tangible fixed assets -€15,912
down €15,912 (-21.7%), from €73,386 to €57,474
- Other debts +€380,832
up €380,832 (+585%), from €65,044 to €445,876
- Profit (loss) carried forward +€54,248
up €54,248 (+2.3%), from -€2.4m to -€2.3m
- Depreciation +€9,738
up €9,738 (+158%), from €6,174 to €15,912
- Gross operating margin -€5,604
down €5,604 (-5.9%), from €94,729 to €89,125
- Financial income -€5,526
no longer reported in 2025 (was €5,526)
- Taxes -€4,485
down €4,485 (-19.4%), from €23,127 to €18,643
- Financial charges -€1,249
down €1,249 (-91.0%), from €1,372 to €123
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 | €141,097 | €571,094 | +€429,997 | +305% |
| Fixed assets | 21/28 | €73,386 | €438,306 | +€364,920 | +497% |
| Tangible fixed assets | 22/27 | €73,386 | €57,474 | -€15,912 | -21.7% |
| Furniture and vehicles | 24 | €73,386 | €57,474 | -€15,912 | -21.7% |
| Financial fixed assets | 28 | - | €380,832 | +€380,832 | |
| Current assets | 29/58 | €67,710 | €132,787 | +€65,077 | +96.1% |
| Amounts receivable within one year | 40/41 | €16,196 | €13,955 | -€2,241 | -13.8% |
| Trade receivables | 40 | €400 | €955 | +€555 | +139% |
| Other amounts receivable | 41 | €15,796 | €13,000 | -€2,796 | -17.7% |
| Cash at bank and in hand | 54/58 | €51,514 | €118,832 | +€67,318 | +131% |
| Total equity and liabilities | 10/49 | €141,097 | €571,094 | +€429,997 | +305% |
| Equity | 10/15 | €67,063 | €121,310 | +€54,248 | +80.9% |
| Contributions | 10/11 | €2,172,500 | €2,172,500 | = | 0.0% |
| Capital | 10 | €2,172,500 | €2,172,500 | = | 0.0% |
| Issued capital | 100 | €2,172,500 | €2,172,500 | = | 0.0% |
| Reserves | 13 | €292,527 | €292,527 | = | 0.0% |
| Distributable reserves | 133 | €292,527 | €292,527 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,397,964 | -€2,343,716 | +€54,248 | +2.3% |
| Amounts payable | 17/49 | €74,034 | €449,783 | +€375,749 | +508% |
| Amounts payable within one year | 42/48 | €74,034 | €449,783 | +€375,749 | +508% |
| Trade debts | 44 | €3,480 | €524 | -€2,956 | -85.0% |
| Suppliers | 440/4 | €3,480 | €524 | -€2,956 | -85.0% |
| Taxes, remuneration and social security | 45 | €5,510 | €3,384 | -€2,127 | -38.6% |
| Taxes | 450/3 | €5,510 | €3,384 | -€2,127 | -38.6% |
| Other amounts payable | 47/48 | €65,044 | €445,876 | +€380,832 | +585% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,174 | €15,912 | +€9,738 | +158% |
| Other operating charges | 640/8 | €401 | €200 | -€201 | -50.2% |
| Gross operating margin | 9900 | €94,729 | €89,125 | -€5,604 | -5.9% |
| Operating profit (loss) | 9901 | €88,154 | €73,013 | -€15,141 | -17.2% |
| Financial income | 75/76B | €5,526 | - | -€5,526 | |
| Recurring financial income | 75 | €5,526 | - | -€5,526 | |
| Financial charges | 65/66B | €1,372 | €123 | -€1,249 | -91.0% |
| Recurring financial charges | 65 | €1,372 | €123 | -€1,249 | -91.0% |
| Profit (loss) for the period before taxes | 9903 | €92,309 | €72,890 | -€19,418 | -21.0% |
| Income taxes | 67/77 | €23,127 | €18,643 | -€4,485 | -19.4% |
| Profit (loss) for the period | 9904 | €69,181 | €54,248 | -€14,933 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €69,181 | €54,248 | -€14,933 | -21.6% |
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 28 October 2026 via checked.be.