SOGERIC: 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.
SOGERIC
Largest movements
- Receivables after one year +€120,000
up €120,000 (+18.2%), from €660,000 to €780,000
- Tangible fixed assets +€114,007
up €114,007 (+15.5%), from €734,164 to €848,171
of which Land and buildings: +€114,308
- Financial fixed assets -€52,000
down €52,000 (-11.3%), from €459,500 to €407,500
- Cash -€22,173
down €22,173 (-68.6%), from €32,299 to €10,126
mainly Investment in fixed assets (net) (-€124,628) and Receivables after one year (-€120,000)
- Debts after one year +€157,470
up €157,470 (+38.0%), from €414,153 to €571,623
- Trade debts -€84,329
down €84,329 (-99.2%), from €85,000 to €671
- Current portion of long-term debt +€44,960
up €44,960 (+103.9%), from €43,252 to €88,212
- Reserves +€25,000
up €25,000 (+8.2%), from €305,800 to €330,800
- Gross operating margin +€42,090
up €42,090 (+31.6%), from €133,029 to €175,119
- Depreciation +€24,341
up €24,341 (+63.6%), from €38,280 to €62,621
- Financial income +€14,035
up €14,035 (+56.7%), from €24,752 to €38,787
- Taxes +€8,528
up €8,528 (+35.8%), from €23,833 to €32,361
- Financial charges +€7,553
up €7,553 (+79.4%), from €9,513 to €17,067
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.
Cash bridge derived
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 | €2,037,321 | €2,202,779 | +€165,459 | +8.1% |
| Fixed assets | 21/28 | €1,193,664 | €1,255,671 | +€62,007 | +5.2% |
| Tangible fixed assets | 22/27 | €734,164 | €848,171 | +€114,007 | +15.5% |
| Land and buildings | 22 | €733,863 | €848,171 | +€114,308 | +15.6% |
| Furniture and vehicles | 24 | €301 | €0 | -€301 | -100.0% |
| Financial fixed assets | 28 | €459,500 | €407,500 | -€52,000 | -11.3% |
| Current assets | 29/58 | €843,657 | €947,108 | +€103,451 | +12.3% |
| Amounts receivable after more than one year | 29 | €660,000 | €780,000 | +€120,000 | +18.2% |
| Other amounts receivable | 291 | €660,000 | €780,000 | +€120,000 | +18.2% |
| Amounts receivable within one year | 40/41 | €49,285 | €56,686 | +€7,401 | +15.0% |
| Trade receivables | 40 | €0 | €3,374 | +€3,374 | |
| Other amounts receivable | 41 | €49,285 | €53,312 | +€4,027 | +8.2% |
| Current investments | 50/53 | €99,628 | €98,620 | -€1,008 | -1.0% |
| Cash at bank and in hand | 54/58 | €32,299 | €10,126 | -€22,173 | -68.6% |
| Deferred charges and accrued income | 490/1 | €2,444 | €1,676 | -€769 | -31.4% |
| Total equity and liabilities | 10/49 | €2,037,321 | €2,202,779 | +€165,459 | +8.1% |
| Equity | 10/15 | €1,485,469 | €1,505,555 | +€20,085 | +1.4% |
| Contributions | 10/11 | €608,000 | €608,000 | = | 0.0% |
| Reserves | 13 | €305,800 | €330,800 | +€25,000 | +8.2% |
| Distributable reserves | 133 | €305,800 | €330,800 | +€25,000 | +8.2% |
| Profit (loss) carried forward | 14 | €571,669 | €566,755 | -€4,915 | -0.9% |
| Amounts payable | 17/49 | €551,851 | €697,224 | +€145,373 | +26.3% |
| Amounts payable after more than one year | 17 | €414,153 | €571,623 | +€157,470 | +38.0% |
| Financial debts | 170/4 | €414,153 | €571,623 | +€157,470 | +38.0% |
| Amounts payable within one year | 42/48 | €135,690 | €124,382 | -€11,308 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €43,252 | €88,212 | +€44,960 | +103.9% |
| Trade debts | 44 | €85,000 | €671 | -€84,329 | -99.2% |
| Suppliers | 440/4 | €85,000 | €671 | -€84,329 | -99.2% |
| Taxes, remuneration and social security | 45 | €7,439 | €14,050 | +€6,611 | +88.9% |
| Taxes | 450/3 | €7,439 | €14,050 | +€6,611 | +88.9% |
| Other amounts payable | 47/48 | - | €21,450 | +€21,450 | |
| Accrued charges and deferred income | 492/3 | €2,008 | €1,219 | -€789 | -39.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,280 | €62,621 | +€24,341 | +63.6% |
| Other operating charges | 640/8 | €8,527 | €5,772 | -€2,755 | -32.3% |
| Gross operating margin | 9900 | €133,029 | €175,119 | +€42,090 | +31.6% |
| Operating profit (loss) | 9901 | €86,221 | €106,726 | +€20,505 | +23.8% |
| Financial income | 75/76B | €24,752 | €38,787 | +€14,035 | +56.7% |
| Recurring financial income | 75 | €24,752 | €38,787 | +€14,035 | +56.7% |
| Financial charges | 65/66B | €9,513 | €17,067 | +€7,553 | +79.4% |
| Recurring financial charges | 65 | €9,513 | €17,067 | +€7,553 | +79.4% |
| Profit (loss) for the period before taxes | 9903 | €101,460 | €128,446 | +€26,986 | +26.6% |
| Income taxes | 67/77 | €23,833 | €32,361 | +€8,528 | +35.8% |
| Profit (loss) for the period | 9904 | €77,627 | €96,085 | +€18,458 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €77,627 | €96,085 | +€18,458 | +23.8% |
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 12 October 2026 via checked.be.