SOGERCO: 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.
SOGERCO
Largest movements
- Current assets -€602,105
down €602,105 (-31.1%), from €1.9m to €1.3m
of which Receivables within one year: -€819,343
- Debts -€756,898
down €756,898 (-51.4%), from €1.5m to €714,869
of which Debts within one year: -€738,349
- Profit (loss) carried forward +€137,411
up €137,411 (+9.0%), from €1.5m to €1.7m
- Taxes -€34,120
down €34,120 (-35.4%), from €96,331 to €62,211
- Gross operating margin -€15,614
down €15,614 (-6.4%), from €243,961 to €228,347
- Depreciation -€4,905
down €4,905 (-34.9%), from €14,053 to €9,148
From the 2012 result to the 2013 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2012 | 2013 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,160,929 | €2,541,443 | -€619,487 | -19.6% |
| Fixed assets | 21/28 | €1,226,398 | €1,209,017 | -€17,382 | -1.4% |
| Tangible fixed assets | 22/27 | €24,706 | €8,767 | -€15,940 | -64.5% |
| Financial fixed assets | 28 | €1,201,692 | €1,200,250 | -€1,442 | -0.1% |
| Current assets | 29/58 | €1,934,531 | €1,332,426 | -€602,105 | -31.1% |
| Amounts receivable within one year | 40/41 | €1,000,321 | €180,978 | -€819,343 | -81.9% |
| Current investments | 50/53 | €701,144 | - | -€701,144 | |
| Cash at bank and in hand | 54/58 | €232,677 | €1,145,476 | +€912,799 | +392% |
| Total equity and liabilities | 10/49 | €3,160,929 | €2,541,443 | -€619,487 | -19.6% |
| Equity | 10/15 | €1,689,163 | €1,826,574 | +€137,411 | +8.1% |
| Contributions | 10/11 | €66,625 | €66,625 | = | 0.0% |
| Reserves | 13 | €103,972 | €103,972 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,518,566 | €1,655,977 | +€137,411 | +9.0% |
| Amounts payable | 17/49 | €1,471,766 | €714,869 | -€756,898 | -51.4% |
| Amounts payable after more than one year | 17 | €620,000 | €620,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €833,217 | €94,869 | -€738,349 | -88.6% |
| Trade debts | 44 | €1,790 | €195 | -€1,594 | -89.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,053 | €9,148 | -€4,905 | -34.9% |
| Gross operating margin | 9900 | €243,961 | €228,347 | -€15,614 | -6.4% |
| Operating profit (loss) | 9901 | €228,660 | €213,899 | -€14,761 | -6.5% |
| Recurring financial income | 75 | €63,905 | €23,469 | -€40,436 | -63.3% |
| Recurring financial charges | 65 | €36,717 | €37,204 | +€487 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €258,449 | €199,622 | -€58,827 | -22.8% |
| Income taxes | 67/77 | €96,331 | €62,211 | -€34,120 | -35.4% |
| Profit (loss) for the period | 9904 | €162,118 | €137,411 | -€24,707 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €162,118 | €137,411 | -€24,707 | -15.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2012 and 30 June 2013. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.